Mylan Laboratories Limited

This company manufactures APIs for various pharmaceutical products and third parties, with a focus on AIDS drugs.

1984 | Hyderabad, Telangana (India) | Active
Last Updated: October 23, 2024

Mylan Laboratories Profile

Key Indicators

  • Authorised Capital ₹ 125.00 Cr
  • Paid Up Capital ₹ 48.70 Cr
  • Company Age 40 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 5,501.38 Cr
  • Revenue Growth -8.72%
  • Profit Growth -25.28%
  • Ebitda -5.28%
  • Net Worth 4.07%
  • Total Assets 0.52%

About Mylan Laboratories

Mylan Laboratories Limited (MLL) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 November 1984 and has a history of 40 years and two months. Its registered office is in Hyderabad, Telangana, India.

The Corporate was formerly known as Herren Drugs & Pharmaceuticals Ltd. The Company is engaged in the Pharma Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 125.00 Cr and a paid-up capital of Rs 48.70 Cr.

The company has closed loans amounting to ₹5,501.38 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mylan Laboratories Limited India are Sarada Bhagawati as CFO and Nagaraj Bodige as Company Secretary. Rajiv Malik, Sarada Bhagawati, Akshay Nanda, and Two other members serve as directors at the Company.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    viatris.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U24231TG1984PLC005146

  • Company No.

    005146

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    29 Nov 1984

  • Date of AGM

    31 Jul 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Pharma

What products or services does Mylan Laboratories Limited offer?

Mylan Laboratories Limited offers a wide range of products and services, including Anti Infective Drugs & Medicines, HIV Drugs, Pain Relief Drugs & Pharmaceuticals, Antipyretic Medication, Tenofovir Tablet, Anti Infective Agent, Pain Relief Spray, TB, Tumor & Cancer Drugs, Anti Cancer Medicines, Antibiotic Injection.

Who are the key members and board of directors at Mylan Laboratories?

Executive Team (2)

Name Designation Appointment Date Status
Sarada Bhagawati Country flag representing In CFO 01-Nov-2014 Current
Nagaraj Bodige Country flag representing In Company Secretary 25-Jul-2011 Current

Board Members (5)

Name Designation Appointment Date Status
Rajiv Malik Country flag representing In Director 28-Jul-2005 Current
Sarada Bhagawati Country flag representing In Whole-Time Director and Cfo 01-Nov-2014 Current
Akshay Nanda Country flag representing In Director 11-Mar-2024 Current
Arvind Kanda Country flag representing In Whole-Time Director 02-Apr-2024 Current
Ramya Suresh Director 14-May-2024 Current

Financial Performance of Mylan Laboratories.

Mylan Laboratories Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 8.72% decrease. The company also saw a substantial fall in profitability, with a 25.28% decrease in profit. The company's net worth moved up by a moderate rise of 4.07%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
-8.72%
Revenue from Operations
-7.19%
Total Assets
0.52%
Profit or Loss
-25.28%
Net Worth
4.07%
EBITDA
-5.28%

What is the Ownership and Shareholding Structure of Mylan Laboratories?

In 2023, Mylan Laboratories had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹5,501.38 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 1826.18 Cr
  • The Hongkong And Shanghai Banking Corporation Limited : 897.03 Cr
  • Axis Bank Limited : 845.05 Cr
  • Central Bank Of India : 367.50 Cr
  • Yes Bank Limited : 190.00 Cr
  • Others : 1375.62 Cr

Latest Charge Details

Date Lender Amount Status
11 Jun 2013 Icici Bank Limited ₹170.00 Cr Satisfied
27 Nov 2012 Yes Bank Limited ₹40.00 Cr Satisfied
08 Oct 2012 Export - Import Bank Of India ₹150.00 Cr Satisfied
18 Jul 2012 The Ratnakar Bank Limited ₹50.00 Cr Satisfied
10 Jul 2012 Yes Bank Limited ₹60.00 Cr Satisfied

How Many Employees Work at Mylan Laboratories?

Mylan Laboratories has a workforce of 11193 employees as of Mar 25, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mylan Laboratories, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mylan Laboratories's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Mylan Laboratories

Recent activity within the organization

  • Director Appointment

    Ramya Suresh was appointed as a Director was appointed as a Director on 14 May 2024 & has been associated with this company since 9 months 6 days .

    14 May 2024

  • Director Appointment

    Arvind Shankar Kanda was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 02 Apr 2024 & has been associated with this company since 10 months 17 days .

    02 Apr 2024

  • Director Appointment

    Akshay Nanda was appointed as a Director was appointed as a Director on 11 Mar 2024 & has been associated with this company since 11 months 9 days .

    11 Mar 2024

  • Annual General Meeting

    Mylan Laboratories Limited last Annual general meeting of members was held on 31 Jul 2023 as per latest MCA records.

    31 Jul 2023

  • Balance Sheet

    Mylan Laboratories Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.

    31 Mar 2023

  • Charges

    A charge registered on 12 Apr 2005 via Charge ID 90128817 with Andhra Bank was fully satisfied on 11 Dec 2014.

    11 Dec 2014

Recent News, Updates & Announcement

Frequently asked questions

  • Mylan Laboratories Limited was incorporated on 29 Nov 1984.

  • The authorized share capital of Mylan Laboratories Limited is ₹ 125.00 Cr and paid-up capital is ₹ 48.70 Cr.

  • Currently 7 directors are associated with Mylan Laboratories Limited.

    • Rajiv Malik
    • Sarada Kalyani Bhagawati
    • Akshay Nanda
    • Arvind Shankar Kanda
    • Ramya Suresh
    • Sarada Kalyani Bhagawati
    • Nagaraj Goud Bodige
  • As per Ministry of Corporate Affairs (Mca), the registered address of Mylan Laboratories Limited is Plot No.564/A/22 Road No.92 Jubilee Hills India, Hyderabad, Telangana, 500096.

  • The corporate identification number (CIN) of Mylan Laboratories Limited is U24231TG1984PLC005146 and the company number is 005146 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Mylan Laboratories Limited is https://www.viatris.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Mylan Laboratories Limited has fallen by -8.72%.

  • As Per 2023 financial reports, 11193 employees are currently employed by Mylan Laboratories Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Mylan Laboratories Limited has experienced an upsurge of 4.07%.

  • The most recent Balance Sheet for Mylan Laboratories Limited was filed with the ROC on 31 Mar 2023.

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