About Origin Formulations Private Limited
Data last updated:
Origin Formulations Private Limited is a private limited company based in Ahmedabad, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 23 December 2010.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24230GJ2010PTC063358. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹7 Cr. It is led by directors Kaushik Arvindbhai Sangani and Hanubhai Ramjibhai Sangani.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2018, the company reported a revenue of ₹25.07 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹26.62 Cr (net margin -106.2%) and EBITDA of -₹20.52 Cr (EBITDA margin -81.8%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years.
The company has about 127 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35.15 Cr and satisfied charges of ₹3 Cr on record. Court records list 13 cases involving the company, including 13 filed against it; 1 case is pending.
The last known website on record is originformulations.com.
Company details
Contact details
Origin Formulations Private Limited's registered office is in Ahmedabad, Gujarat. Its website is originformulations.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4th Floor Narayankrupa Square Behind Old Natraj Cinema Beside Sakar V Off Ashra, M Road, Ahmedabad, Gujarat, India – 380009
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Origin Formulations Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Origin Formulations is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Origin Formulations Private Limited, buy the company report.
Financials of Origin Formulations Private Limited
FY 2018 filings availableOrigin Formulations Private Limited reported revenue of ₹25.07 Cr (down 42% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 45% over three years, including a 42% fall in the latest year. EBITDA fell 469% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹25.07 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹20.52 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹26.62 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -81.8% | |||
| Net Profit Margin | -106.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Origin Formulations Private Limited, buy the company report.
Board of directors of Origin Formulations Private Limited
Origin Formulations has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushik Arvindbhai Sangani | Director | 15 Feb 2014 | 12 Years 8 Months | As last reported |
| Hanubhai Ramjibhai Sangani Also directs: Sangani Industries LLP, Satyam Import Export LLP, Jay Jalaram Extrusion LLP and 3 more | Director | 15 Feb 2014 | 12 Years 8 Months | As last reported |
Peer comparison
Origin Formulations Private Limited is compared with the 4 companies closest to it by revenue in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tanmed Pharma India Private Limited | ₹25.2 Cr (FY 2024) | -7.0% | Chennai, Tamil Nadu, India | |||
| Ornate Labs Private Limited | ₹25.2 Cr (FY 2025) | 18.0% | Muzaffarpur, Bihar, India | |||
| Piramal Phytocare Limited | ₹25.17 Cr (FY 2019) | 5.0% | Mumbai, Maharashtra, India | |||
| Origin Formulations Private Limitedthis company | ₹25.07 Cr (FY 2018) | -₹26.62 Cr | -106.2% | -42.0% | 127 | Ahmedabad, Gujarat, India |
| Healkraft Pharma (India) Private Limited | ₹25.01 Cr (FY 2025) | -1.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Origin Formulations Private Limited, buy the company report.
Auditor
Origin Formulations Private Limited is audited by RAJESHKUMAR P SHAH & CO. for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJESHKUMAR P SHAH & CO. | FY 2018 | 129110W |
Shareholding
The shareholding of Origin Formulations Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Origin Formulations Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2013 | 10430740 | Union Bank of India | ₹35.15 Cr | Open | |
| 14 Feb 2013 | 10410610 | Bank of Maharashtra | ₹3 Cr | Satisfied |
To see the full charge records of Origin Formulations Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Origin Formulations Private Limited has 13 court cases on record: 13 filed against it. 1 case is pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Fab Pharmaceuticals Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by M-S Farmachem Life Pvt Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Ms. Sunil Healthcare Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CBI CC) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by an individual | Disposed |
To see the full case history of Origin Formulations Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Origin Formulations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Origin Formulations Private Limited has a workforce of 127 employees on its EPFO records as of Mar 10, 2025, across 1 active EPFO establishment.
GST
Origin Formulations has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Origin Formulations Private Limited, buy the company report.
Recent activity
Origin Formulations Private Limited has 7 board changes on record since 2014: 2 appointments and 5 cessations. The latest: Sahil Aggarwal ceased to be Director on 05 Dec 2015.
2 earlier events are in the company report.
Frequently asked questions
Origin Formulations is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Origin Formulations is a company under liquidation, formerly operating as a private limited company based in Ahmedabad, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 23 December 2010 and is registered under CIN U24230GJ2010PTC063358. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Origin Formulations has 2 current directors:
- Kaushik Arvindbhai Sangani - Director
- Hanubhai Ramjibhai Sangani - Director
The latest financial statements of Origin Formulations on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Origin Formulations is U24230GJ2010PTC063358. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Origin Formulations has open charges of ₹35.15 Cr and satisfied charges of ₹3 Cr as per latest MCA filings.
Origin Formulations has 13 court cases on record: 13 filed against it. 1 is pending. Most are in the district courts.
Origin Formulations was incorporated on 23 December 2010. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Origin Formulations by revenue are Tanmed Pharma India Private Limited, Ornate Labs Private Limited, Piramal Phytocare Limited, Healkraft Pharma (India) Private Limited, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Sahil Aggarwal ceased to be Director on 05 Dec 2015. Jigar Subhashchandra Joshipura ceased to be Director on 15 Sep 2014. Anantbhai Shivprasad Dave ceased to be Additional Director on 22 Apr 2014. Origin Formulations has 7 board changes on record in total.
Origin Formulations can be reached through the website originformulations.com. Its registered office is in Ahmedabad, Gujarat, India.