MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-DD-01-0003021
Althea Pharma Private Limited - pharma in Vapi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹63.27 Cr
▲ 14% YoY
Net profit · FY 2024
₹1.69 Cr
Net margin 2.7%
EBITDA · FY 2024
₹7.56 Cr
EBITDA margin 12%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹68.78 Lakh
Issued & subscribed
Open charges
₹81 Lakh
Satisfied ₹11.22 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
49
Provident fund records
About Althea Pharma Private Limited
Data last updated:
Althea Pharma Private Limited is a private limited company based in Vapi, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 27 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24232GJ2004PTC044200. Its GSTIN is 26AAECA7295C1ZP (Daman & Diu). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹68.78 Lakh. It was formerly known as Alpha Polypharma Private Limited and Alpha Sanjivani Pharmacuticals Private Limited. It is led by directors Aakanksha Purnandu Jain and Vaibhav Purnandu Jain.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Room No.403 Al – Husan Place Godal Nagar, Vapi, Gujarat, India – 396191.
As per the financials filed for FY 2024, the company reported a revenue of ₹63.27 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹1.69 Cr (net margin 2.7%) and EBITDA of ₹7.56 Cr (EBITDA margin 12%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 27% over five years.
The company has about 49 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹81 Lakh and satisfied charges of ₹11.22 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 1 case is pending.
Althea Pharma Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DD-01-0003021). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website altheapharma.com.
Company details
CIN U24232GJ2004PTC044200
Registration Number 044200
Incorporation Date 27 May 2004
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-DD-01-0003021
Name history
Althea Pharma has undergone 2 name changes throughout its history. The company was previously known as Alpha Polypharma Private Limited, and Alpha Sanjivani Pharmacuticals Private Limited. The current legal name is Althea Pharma Private Limited.
| Company Name | Status |
|---|---|
| Althea Pharma Private Limited | Current |
| Alpha Polypharma Private Limited | Previous |
| Alpha Sanjivani Pharmacuticals Private Limited | Previous |
Recognitions & Rankings of Althea Pharma
Contact details
Althea Pharma Private Limited's registered office is in Vapi, Gujarat. Its website is altheapharma.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressRoom No.403 Al – Husan Place Godal Nagar, Vapi, Gujarat, India – 396191
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Althea Pharma Private Limited, buy the company report.
Comprehensive company report
Althea Pharma Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Althea Pharma 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 Althea Pharma Private Limited, buy the company report.
Financials of Althea Pharma Private Limited
FY 2024 filings availableAlthea Pharma Private Limited reported revenue of ₹63.27 Cr (up 14% YoY) for FY 2024.
Revenue · FY 2024
₹63.27 Cr ▲ 14%
Net profit · FY 2024
₹1.69 Cr margin 2.7%
EBITDA · FY 2024
₹7.56 Cr margin 12%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 19%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 8%
5 years · compounded
▲ 58%
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 14% growth in the latest year. EBITDA rose 39% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹63.27 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.69 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12% | ||||
| Net Profit Margin | 2.7% | ||||
| 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 Althea Pharma Private Limited, buy the company report.
Board of directors of Althea Pharma Private Limited
Althea Pharma has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aakanksha Purnandu Jain Also directs: Althea Unilife LLP, Attalika Impex Private Limited, Tater Fin-Vest Private Limited and 2 more | Director | 16 Oct 2017 | 9 Years 0 Months | Current |
| Vaibhav Purnandu Jain Also directs: Althea Unilife LLP, Attalika Impex Private Limited, Tater Fin-Vest Private Limited and 2 more | Director | 23 Jun 2014 | 12 Years 3 Months | Current |
Peer comparison
Althea Pharma Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Kilitch Healthcare India Limited | ₹63.63 Cr (FY 2024) | 7.0% | Mumbai, Maharashtra, India | |||
| Sance Laboratories Private Limited | ₹63.45 Cr (FY 2025) | 14.0% | Kottayam, Kerala, India | |||
| Adley Lab Limited | ₹63.38 Cr (FY 2025) | 19.0% | Derabassi, Punjab, India | |||
| Cooper Pharma Limited | ₹63.28 Cr (FY 2024) | -1.0% | Delhi, India | |||
| Althea Pharma Private Limited this company | ₹63.27 Cr (FY 2024) | ₹1.69 Cr | 2.7% | 14.0% | 49 | Vapi, Gujarat, India |
| Onyx Biotec Limited | ₹63.12 Cr (FY 2025) | 17.0% | Solan, Himachal Pradesh, India | |||
| Thinq Pharma-Cro Limited | ₹62.89 Cr (FY 2025) | 17.0% | Mumbai, Maharashtra, India | |||
| Preet Remedies Limited | ₹62.83 Cr (FY 2025) | 18.0% | Chandigarh, India | |||
| Sri Gayathri Drugs Private Limited | ₹62.48 Cr (FY 2025) | 15.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Althea Pharma Private Limited, buy the company report.
Auditor
Althea Pharma Private Limited is audited by MPJ & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MPJ & CO | FY 2024 | 138848W |
Shareholding
The shareholding of Althea Pharma Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Althea Pharma Private Limited, buy the company report.
Charges & borrowings
Open charges
₹81 Lakh
Satisfied charges
₹11.22 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2022 | 100661491 | Others | ₹56 Lakh | Open | |
| 19 May 2022 | 100581686 | Others | ₹25 Lakh | Open | |
| 18 May 2023 | 100733382 | Others | ₹3.5 Cr | Satisfied | |
| 07 Jun 2007 | 10060053 | Bank of Baroda | ₹7.72 Cr | Satisfied |
To see the full charge records of Althea Pharma Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Althea Pharma Private Limited has 4 court cases on record: 4 filed against it. 1 case is pending and 3 are disposed.
Total cases
4
Filed against the company
4
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Criminal complaint | Filed against the company by M/S.Lucent Packaging Pvt.Ltd.Its Auth.Dir.,Mr.Harshadbhai Desai | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Union of India at the Instance of Dr Ranga Harish, Drugs Inspector | Pending |
| District court, Daman, Diu and Daman | Civil suit | Filed against the company by Winrar GMBH | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed against the company by Packwell Industries | Disposed |
To see the full case history of Althea Pharma 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
Althea Pharma Private Limited has 7 MSME Form 1 returns on record between 2021 and 2024, listing 620 overdue payments to 38 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 38)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Avh Polychem Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Sapna Industries | |||
| an individual supplier |
To see the full MSME payment records of Althea Pharma Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Althea Pharma Private Limited has a workforce of 49 employees on its EPFO records as of Oct 07, 2025, across 1 active EPFO establishment.
Employee count
49
Active EPFO establishments
1
Employee growth
-20.97%
GST
Althea Pharma has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 26AAECA7295C1ZP | Daman & Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Althea Pharma Private Limited, buy the company report.
Recent activity
Althea Pharma Private Limited has 12 board changes on record since 2009: 2 appointments and 10 cessations. The latest: Aakanksha Purnandu Jain ceased to be Additional Director on 29 Sep 2018.
Charges
A charge registered on 18 May 2023 via Charge ID 100733382 with Others was fully satisfied on 12 Nov 2025.
AGM
Althea Pharma Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Althea Pharma Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 3.50 Cr with Charge ID 100733382 was registered on 18 May 2023.
Charges
A charge with Others amounted to Rs. 0.56 Cr with Charge ID 100661491 was registered on 31 Dec 2022.
Charges
A charge with Others amounted to Rs. 0.25 Cr with Charge ID 100581686 was registered on 19 May 2022.
Ceased
Aakanksha Purnandu Jain ceased to be Additional Director.
Ceased
Anupama Purnandu Jain ceased to be Director.
Ceased
Sardul Gurbax Singh ceased to be Director.
Appointed
Aakanksha Purnandu Jain was appointed as Director.
Ceased
Jayant Shantilal Mirani ceased to be Director.
Ceased
Vaibhav Purnandu Jain ceased to be Additional Director.
9 earlier events are in the company report.
Frequently asked questions
Althea Pharma is an active private limited company based in Vapi, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 27 May 2004 (22+ years old) and is registered under CIN U24232GJ2004PTC044200.
Althea Pharma has 2 current directors:
- Aakanksha Purnandu Jain - Director
- Vaibhav Purnandu Jain - Director
The latest financial statements of Althea Pharma on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Althea Pharma is 26AAECA7295C1ZP, registered in Daman & Diu. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Althea Pharma is U24232GJ2004PTC044200. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Althea Pharma has 4 court cases on record: 4 filed against it. 1 is pending. Most are in the district courts.
Althea Pharma was incorporated on 27 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Althea Pharma by revenue are Kilitch Healthcare India Limited, Sance Laboratories Private Limited, Adley Lab Limited, Cooper Pharma Limited, Onyx Biotec Limited and 3 more, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Aakanksha Purnandu Jain ceased to be Additional Director on 29 Sep 2018. Anupama Purnandu Jain ceased to be Director on 23 Oct 2017. Sardul Gurbax Singh ceased to be Director on 23 Oct 2017. Althea Pharma has 12 board changes on record in total.
Yes, Althea Pharma is registered as a small enterprise under Udyam registration (number: UDYAM-DD-01-0003021).
Althea Pharma has 7 MSME Form 1 returns on record between 2021 and 2024, listing 620 overdue payments to 38 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Althea Pharma can be reached through the website altheapharma.com. Its registered office is in Vapi, Gujarat, India.