Nimaco Formulations (India) Private Limited
About Nimaco Formulations (India) Private Limited
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Nimaco Formulations (India) Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the specialised services segment of the trading and commerce sector. It was incorporated on 15 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2019PTC110310.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rajeshkumar Vinodbhai Trivedi and Mahendra Gordhanbhai Bhuva.
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 C – 501 Signature – II Sarkhej Sanand Road Sarkhej, Ahmedabad, Gujarat, India – 382210.
As per the financials filed for FY 2024, the company reported a revenue of ₹56.37 Lakh, a decline of 77% compared to the previous year. For the same year it recorded a net loss of ₹33.93 Lakh (net margin -60.2%) and EBITDA of -₹33.08 Lakh (EBITDA margin -58.7%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years.
Court records list 2 cases involving the company, including 2 filed against it.
Company details
Contact details
Nimaco Formulations (India) Private Limited's registered office is in Ahmedabad, Gujarat.
- Registered AddressC – 501 Signature – II Sarkhej Sanand Road Sarkhej, Ahmedabad, Gujarat, India – 382210
- IndustryTrading, Specialty, Wholesale
- 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 Nimaco Formulations (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Nimaco Formulations (India) Private Limited, buy the company report.
Financials of Nimaco Formulations (India) Private Limited
FY 2024 filings availableNimaco Formulations (India) Private Limited reported revenue of ₹56.37 Lakh (down 77% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over three years, including a 77% fall 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 | -₹33.08 Lakh | ||||
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| Net Profit (PAT) | -₹33.93 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 | -58.7% | ||||
| Net Profit Margin | -60.2% | ||||
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To see the full financial statements and ratios of Nimaco Formulations (India) Private Limited, buy the company report.
Board of directors of Nimaco Formulations (India) Private Limited
Nimaco Formulations (India) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeshkumar Vinodbhai Trivedi | Director | 15 Oct 2019 | 7 Years 0 Months | Current |
| Mahendra Gordhanbhai Bhuva Also directs: Nimaco Pharmaceutical Private Limited | Director | 15 Oct 2019 | 7 Years 0 Months | Current |
Peer comparison
Nimaco Formulations (India) Private Limited is compared with the 3 companies closest to it by revenue in the Pharma industry (Formulations), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pharmika India Private Limited | ₹56.61 Lakh (FY 2024) | -7.0% | Delhi, India | |||
| Nimaco Formulations (India) Private Limitedthis company | ₹56.37 Lakh (FY 2024) | -₹33.93 Lakh | -60.2% | -77.0% | Ahmedabad, Gujarat, India | |
| Excel Waves Labs Private Limited | ₹56.16 Lakh (FY 2022) | -72.0% | New Delhi, Delhi, India | |||
| Crompton Pharma Private Limited | ₹56.15 Lakh (FY 2025) | 35.0% | Panchkula, Haryana, India |
To see the full peer comparison of Nimaco Formulations (India) Private Limited, buy the company report.
Legal cases
Nimaco Formulations (India) Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Devbhumi Dwarka at Khambhaliya, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| District court, Devbhumi Dwarka at Khambhaliya, Gujarat | Criminal miscellaneous application | Filed against the company by Government of Gujarat | Disposed |
To see the full case history of Nimaco Formulations (India) 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 Nimaco Formulations (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Nimaco Formulations (India) Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Nimaco Formulations (India) Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Mahendra Gordhanbhai Bhuva was appointed as Director on 15 Oct 2019.
Frequently asked questions
Nimaco Formulations (India) is an active private limited company based in Ahmedabad, Gujarat, India. The company works in specialty, within the trading industry. It was incorporated on 15 October 2019 (7+ years old) and is registered under CIN U51909GJ2019PTC110310.
Nimaco Formulations (India) has 2 current directors:
- Rajeshkumar Vinodbhai Trivedi - Director
- Mahendra Gordhanbhai Bhuva - Director
The latest financial statements of Nimaco Formulations (India) 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 FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Nimaco Formulations (India) is U51909GJ2019PTC110310. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nimaco Formulations (India) has 2 court cases on record: 2 filed against it.
Nimaco Formulations (India) was incorporated on 15 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Nimaco Formulations (India) by revenue are Pharmika India Private Limited, Excel Waves Labs Private Limited, Crompton Pharma Private Limited, all in the Pharma industry (Formulations), with the same principal business activity (wholesale trading).
Mahendra Gordhanbhai Bhuva was appointed as Director on 15 Oct 2019. Rajeshkumar Vinodbhai Trivedi was appointed as Director on 15 Oct 2019.
The registered office of Nimaco Formulations (India) is at C – 501 Signature – II Sarkhej Sanand Road Sarkhej, Ahmedabad, Gujarat, India – 382210.
Nimaco Formulations (India) operates in the trading industry, in the specialty segment.
Nimaco Formulations (India) can be reached at its registered office: C – 501 Signature – II Sarkhej Sanand Road Sarkhej, Ahmedabad, Gujarat, India – 382210.
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