MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-21-0001749
Nikol Formulation Private Limited - pharma in Talod, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.72 Cr
▲ 40% YoY
Net loss · FY 2024
₹31.4 Lakh
Net margin -8.4%
EBITDA · FY 2024
₹5.12 Lakh
EBITDA margin 1.4%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹40 Lakh
Issued & subscribed
Open charges
₹50 Lakh
Satisfied ₹1.5 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
27
Provident fund records
About Nikol Formulation Private Limited
Data last updated:
Nikol Formulation Private Limited is a private limited company based in Talod, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 09 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24230GJ2013PTC075960. Its GSTIN is 24AAECN4003B1ZA (Gujarat).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors Neerajkumar Ranjit Singh and Raghuvirsinh Jitendrasinh Solanki.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No 262 GIDC Industrial Estate Talod, Gujarat, India – 383215.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.72 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net loss of ₹31.4 Lakh (net margin -8.4%) and EBITDA of ₹5.12 Lakh (EBITDA margin 1.4%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 2% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50 Lakh and satisfied charges of ₹1.5 Cr on record.
Nikol Formulation Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-21-0001749). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nikolformulation.com.
Company details
CIN U24230GJ2013PTC075960
Registration Number 075960
Incorporation Date 09 July 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-21-0001749
Recognitions & Rankings of Nikol Formulation
Contact details
Nikol Formulation Private Limited's registered office is in Talod, Gujarat. Its website is nikolformulation.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 262 GIDC Industrial Estate Talod, Gujarat, India – 383215
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Nikol Formulation Private Limited, buy the company report.
Comprehensive company report
Nikol Formulation 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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Secure checkout · GST invoice included
Business activity
The main business activity of Nikol Formulation 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 Nikol Formulation Private Limited, buy the company report.
Financials of Nikol Formulation Private Limited
FY 2025 filings availableNikol Formulation Private Limited reported revenue of ₹3.72 Cr (up 40% YoY) for FY 2024.
Revenue · FY 2024
₹3.72 Cr ▲ 40%
Net loss · FY 2024
₹31.4 Lakh margin -8.4%
EBITDA · FY 2024
₹5.12 Lakh margin 1.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 40%
3 years · compounded
▼ 21%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▲ 119%
3 years · compounded
▼ 51%
5 years · compounded
▼ 30%
Revenue rose 40% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 119% 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 |
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| EBITDA | ₹5.12 Lakh | ||||
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| Net Profit (PAT) | -₹31.4 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 1.4% | ||||
| Net Profit Margin | -8.4% | ||||
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To see the full financial statements and ratios of Nikol Formulation Private Limited, buy the company report.
Board of directors of Nikol Formulation Private Limited
Nikol Formulation has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neerajkumar Ranjit Singh | Director | 16 Jul 2022 | 4 Years 3 Months | Current |
| Raghuvirsinh Jitendrasinh Solanki | Director | 16 Jul 2022 | 4 Years 3 Months | Current |
Peer comparison
Nikol Formulation 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 |
|---|---|---|---|---|---|---|
| Panasia Herbal Private Limited | ₹3.75 Cr (FY 2025) | -17.0% | Madhya Pradesh, India | |||
| Agati Healthcare Private Limited | ₹3.73 Cr (FY 2024) | 172.0% | Navi Mumbai, Maharashtra, India | |||
| Nikol Formulation Private Limitedthis company | ₹3.72 Cr (FY 2024) | -₹31.4 Lakh | -8.4% | 40.0% | 27 | Talod, Gujarat, India |
| Feezo Chem. Formulation Private Limited | ₹3.72 Cr (FY 2025) | -17.0% | Kanpur, Uttar Pradesh, India | |||
| Aquadry Pharma Private Limited | ₹3.71 Cr (FY 2023) | 125.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Nikol Formulation Private Limited, buy the company report.
Auditor
Nikol Formulation Private Limited is audited by ASHOK THAKKAR & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHOK THAKKAR & CO | FY 2020 | 112754W |
Shareholding
The shareholding of Nikol Formulation Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nikol Formulation Private Limited, buy the company report.
Charges & borrowings
Open charges
₹50 Lakh
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jun 2020 | 100342606 | Sidbi | ₹50 Lakh | Open | |
| 14 Mar 2014 | 10484606 | Others | ₹75 Lakh | Satisfied | |
| 08 Mar 2014 | 10484601 | Others | ₹75 Lakh | Satisfied |
To see the full charge records of Nikol Formulation Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Nikol Formulation Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nikol Formulation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nikol Formulation Private Limited has a workforce of 27 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
27
Active EPFO establishments
1
Employee growth
12.5%
GST
Nikol Formulation has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECN4003B1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nikol Formulation Private Limited, buy the company report.
Recent activity
Nikol Formulation Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Jayesh Sharadchandra Pandya ceased to be Director on 01 May 2024.
AGM
Nikol Formulation Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Nikol Formulation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Jayesh Sharadchandra Pandya ceased to be Director.
Charges
A charge registered on 14 Mar 2014 via Charge ID 10484606 with Others was fully satisfied on 16 May 2023.
Charges
A charge registered on 08 Mar 2014 via Charge ID 10484601 with Others was fully satisfied on 16 May 2023.
Ceased
Neerajkumar Ranjit Singh ceased to be Additional Director.
Ceased
Raghuvirsinh Jitendrasinh Solanki ceased to be Additional Director.
Charges
A charge with Others of Rs. 75.00 Lakh registered on 14 Mar 2014 with Charge ID 10484606 was modified on 12 Sep 2022.
Charges
A charge with Others of Rs. 75.00 Lakh registered on 08 Mar 2014 with Charge ID 10484601 was modified on 12 Sep 2022.
Ceased
Hemantkumar Sharadchandra Pandya ceased to be Director.
Appointed
Neerajkumar Ranjit Singh was appointed as Director.
Appointed
Raghuvirsinh Jitendrasinh Solanki was appointed as Director.
5 earlier events are in the company report.
Frequently asked questions
Nikol Formulation is an active private limited company based in Talod, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 09 July 2013 (13+ years old) and is registered under CIN U24230GJ2013PTC075960.
Nikol Formulation has 2 current directors:
- Neerajkumar Ranjit Singh - Director
- Raghuvirsinh Jitendrasinh Solanki - Director
The latest financial statements of Nikol Formulation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nikol Formulation is 24AAECN4003B1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Nikol Formulation is U24230GJ2013PTC075960. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nikol Formulation was incorporated on 09 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Nikol Formulation by revenue are Panasia Herbal Private Limited, Agati Healthcare Private Limited, Feezo Chem. Formulation Private Limited, Aquadry Pharma Private Limited, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Jayesh Sharadchandra Pandya ceased to be Director on 01 May 2024. Neerajkumar Ranjit Singh ceased to be Additional Director on 30 Sep 2022. Raghuvirsinh Jitendrasinh Solanki ceased to be Additional Director on 30 Sep 2022. Nikol Formulation has 7 board changes on record in total.
Yes, Nikol Formulation is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-21-0001749).
Nikol Formulation can be reached through the website nikolformulation.com. Its registered office is in Talod, Gujarat, India.
The registered office of Nikol Formulation is at Plot No 262 GIDC Industrial Estate Talod, Gujarat, India – 383215.