About Neoloba Specialty Private Limited
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Neoloba Specialty Private Limited is a private limited company based in Dombivli, Maharashtra, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 17 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH2015PTC261019. Its GSTIN is 27AADCI7501E1ZV (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹41 Lakh. It was formerly known as Innovative Organochem Private Limited. It is led by directors including Darshak Natwarlal Upadhyay and Shreans Daga.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. A – 19 (Part) & C – 10/1 MIDC Phase – I Dombivli East, Maharashtra, India – 421203.
As per the financials filed for FY 2025, the company reported a revenue of ₹35.84 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹1.61 Cr (net margin -4.5%) and EBITDA of ₹2.1 Cr (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 78% over three years and 37% over five years.
The company has about 34 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5 Cr on record. Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website neoloba.com.
Company details
Contact details
Neoloba Specialty Private Limited's registered office is in Dombivli, Maharashtra. Its website is neoloba.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. A – 19 (Part) & C – 10/1 MIDC Phase – I Dombivli East, Maharashtra, India – 421203
- IndustryPharma, API Manufacturers
To see the full contact details of Neoloba Specialty 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 activities of Neoloba Specialty are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and retail trading. 2 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Neoloba Specialty Private Limited, buy the company report.
Financials of Neoloba Specialty Private Limited
FY 2025 filings availableNeoloba Specialty Private Limited reported revenue of ₹35.84 Cr (down 62% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 62% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 37%. EBITDA fell 48% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.61 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | -4.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Neoloba Specialty Private Limited, buy the company report.
Board of directors of Neoloba Specialty Private Limited
Neoloba Specialty has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshak Natwarlal Upadhyay Also directs: Liora Artisan Private Limited | Director | 15 Jul 2022 | 4 Years 3 Months | Current |
| Shreans Daga Also directs: Neoloba Pharma LLP, Ingenious Care Companion LLP, Betul Media and Constructions Private Limited and 5 more | Director | 18 Apr 2022 | 4 Years 6 Months | Current |
| Rushabh Madhukar Sheth | Director | 18 Apr 2022 | 4 Years 6 Months | Current |
| Nikhil Dhiren Shah | Director | 18 Apr 2022 | 4 Years 6 Months | Current |
Peer comparison
Neoloba Specialty Private Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (API Manufacturers, Specialty Chemicals), 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 |
|---|---|---|---|---|---|---|
| Kip Chemicals Private Limited | ₹36.04 Cr (FY 2024) | 74.0% | Mumbai, Maharashtra, India | |||
| Darshan Health Care Private Limited | ₹35.97 Cr (FY 2025) | 27.0% | Ankleshwar, Gujarat, India | |||
| Chemox Pharma Private Limited | ₹35.85 Cr (FY 2025) | 177.0% | Bharuch, Gujarat, India | |||
| Neoloba Specialty Private Limitedthis company | ₹35.84 Cr (FY 2025) | -₹1.61 Cr | -4.5% | -62.0% | 34 | Dombivli, Maharashtra, India |
| Yojana Organics Private Limited | ₹35.61 Cr (FY 2025) | 12.0% | Ratnagiri, Maharashtra, India | |||
| Modhera Chemicals Private Limited | ₹35.43 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Glide Chem Private Limited | ₹35.39 Cr (FY 2025) | -12.0% | New Delhi, Delhi, India | |||
| Deft Organics Limited | ₹35.14 Cr (FY 2025) | -37.0% | Morar, Madhya Pradesh, India |
To see the full peer comparison of Neoloba Specialty Private Limited, buy the company report.
Auditor
Neoloba Specialty Private Limited is audited by ARVIND MAHAJAN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARVIND MAHAJAN & ASSOCIATES | FY 2023 | 116096W |
Shareholding
The shareholding of Neoloba Specialty Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neoloba Specialty Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2022 | 100616451 | Others | ₹5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Neoloba Specialty Private Limited has 10 court cases on record: 7 filed by Neoloba Specialty, 3 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 3 | 3 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Betul, Madhya Pradesh | Court case (SC NIA) | Filed by the company against Aauraries Global Industries Limited and 3 others | Pending |
| Bombay High Court | Writ petition | Filed by the company against The New India Assurance Company Limited | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The Executive / Addl. Engineer (Maharashtra State Electricity Distribution Co.Ltd.) and 6 others | Disposed |
| District court, Betul, Madhya Pradesh | Court case (SC NIA) | Filed by the company against Remedium Lifecare Limited, Pratik Vijay Kumar Shah, Director) Remedium Lifecare Limited and 6 others | Pending |
| District court, Betul, Madhya Pradesh | Court case (SC NIA) | Filed by the company against Medec Medicare Limited (Formerlyl Known As Medec Dragon Private Limited) and 3 others | Pending |
To see the full case history of Neoloba Specialty 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
Neoloba Specialty Private Limited has 9 MSME Form 1 returns on record between 2021 and 2024, listing 57 overdue payments to 21 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 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Loba Chemie Private Limited | |||
| Swaminarayan Engineering Works | |||
| an individual supplier |
To see the full MSME payment records of Neoloba Specialty Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Neoloba Specialty Private Limited has a workforce of 34 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Neoloba Specialty has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCI7501E1ZV | Maharashtra | Active | 01 Jul 2017 |
| 23AADCI7501E1Z3 | Madhya Pradesh | Active | 31 Dec 2022 |
To see the full GST registrations and return filing status of Neoloba Specialty Private Limited, buy the company report.
Recent activity
Neoloba Specialty Private Limited has 13 board changes on record since 2019: 4 appointments and 9 cessations. The latest: Darshak Natwarlal Upadhyay ceased to be Additional Director on 25 Aug 2022.
5 earlier events are in the company report.
Frequently asked questions
Neoloba Specialty is an active private limited company based in Dombivli, Maharashtra, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 17 January 2015 (11+ years old) and is registered under CIN U24100MH2015PTC261019.
Neoloba Specialty has 4 current directors:
- Darshak Natwarlal Upadhyay - Director
- Shreans Daga - Director
- Rushabh Madhukar Sheth - Director
- Nikhil Dhiren Shah - Director
The latest financial statements of Neoloba Specialty on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Neoloba Specialty is 27AADCI7501E1ZV, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 23AADCI7501E1Z3 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Neoloba Specialty is U24100MH2015PTC261019. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neoloba Specialty has 10 court cases on record: 7 filed by the company and 3 filed against it. 3 are pending. Most are in the district courts.
Neoloba Specialty was incorporated on 17 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Neoloba Specialty by revenue are Kip Chemicals Private Limited, Darshan Health Care Private Limited, Chemox Pharma Private Limited, Yojana Organics Private Limited, Modhera Chemicals Private Limited and 2 more, all in the Chemicals industry (API Manufacturers, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Darshak Natwarlal Upadhyay ceased to be Additional Director on 25 Aug 2022. Darshak Natwarlal Upadhyay was appointed as Director on 15 Jul 2022. Nikhil Dhiren Shah ceased to be Additional Director on 25 Apr 2022. Neoloba Specialty has 13 board changes on record in total.
Neoloba Specialty has 9 MSME Form 1 returns on record between 2021 and 2024, listing 57 overdue payments to 21 micro and small suppliers. The latest return was filed on 02 May 2024.
Neoloba Specialty can be reached through the website neoloba.com. Its registered office is in Dombivli, Maharashtra, India.
The registered office of Neoloba Specialty is at Plot No. A – 19 Part & C – 101 MIDC Phase – I Dombivli East, Maharashtra, India – 421203.
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