MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-UP-75-0003455
Nordic Formulations Private Limited - pharma in Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹12.27 Cr
▲ 12% YoY
Net profit · FY 2023
₹6.09 Lakh
Net margin 0.5%
EBITDA · FY 2023
₹44.75 Lakh
EBITDA margin 3.6%
Authorised capital
₹1.2 Cr
Registered with MCA
Paid-up capital
₹1.09 Cr
Issued & subscribed
Open charges
₹2.87 Cr
Secured borrowings
Company age
27 yrs
Est. 1999
Employees · EPFO
92
Provident fund records
About Nordic Formulations Private Limited
Data last updated:
Nordic Formulations Private Limited is a private limited company based in Uttar Pradesh, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 27 September 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U24231UP1999PTC024786. Its GSTIN is 09AABCN9614R1ZP (Uttar Pradesh). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1.09 Cr. It is led by directors including Manoj Kumar Poddar and Manish Poddar.
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 Ck – 59/6 Bulanala Varanasi, Uttar Pradesh, India.
As per the financials filed for FY 2023, the company reported a revenue of ₹12.27 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹6.09 Lakh (net margin 0.5%) and EBITDA of ₹44.75 Lakh (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 9% over five years.
The company has about 92 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.87 Cr on record.
Nordic Formulations Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-75-0003455). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nordic.org.in.
Company details
CIN U24231UP1999PTC024786
Registration Number 024786
Incorporation Date 27 September 1999
ROC Uttar Pradesh
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 Small
Udyam Registration UDYAM-UP-75-0003455
Recognitions & Rankings of Nordic Formulations
Contact details
Nordic Formulations Private Limited's registered office is in Uttar Pradesh. Its website is nordic.org.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressCk – 59/6 Bulanala Varanasi, Uttar Pradesh, India
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Nordic Formulations Private Limited, buy the company report.
Comprehensive company report
Nordic Formulations 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Financials of Nordic Formulations Private Limited
FY 2025 filings availableNordic Formulations Private Limited reported revenue of ₹12.27 Cr (up 12% YoY) for FY 2023.
Revenue · FY 2023
₹12.27 Cr ▲ 12%
Net profit · FY 2023
₹6.09 Lakh margin 0.5%
EBITDA · FY 2023
₹44.75 Lakh margin 3.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 4%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 170%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 12% growth in the latest year. EBITDA rose 170% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹12.27 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹44.75 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.09 Lakh | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.6% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Nordic Formulations Private Limited, buy the company report.
Board of directors of Nordic Formulations Private Limited
Nordic Formulations has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Kumar Poddar | Director | 27 Sep 1999 | 27 Years 0 Months | Current |
| Manish Poddar | Director | 27 Sep 1999 | 27 Years 0 Months | Current |
| Banwari Lal Poddar Also directs: Nordic Pharmaceuticals Limited | Director | 09 Dec 2002 | 23 Years 10 Months | Current |
| Neelam Poddar Also directs: Alaknanda Cruiseline Limited | Director | 31 Mar 2015 | 11 Years 6 Months | Current |
| Kusum Poddar Also directs: Nordic Pharmaceuticals Limited, Alaknanda Cruiseline Limited | Director | 31 Mar 2015 | 11 Years 6 Months | Current |
| Madhav Krishn Poddar Also directs: Kewat Hospitalities Private Limited | Director | 16 Jun 2025 | 1 Years 4 Months | Current |
Auditor
Nordic Formulations Private Limited is audited by S. RANJAN & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. RANJAN & CO. | FY 2023 | 005222C |
Shareholding
The shareholding of Nordic Formulations 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 Nordic Formulations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.87 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jun 2020 | 100359111 | Bank of India | ₹29.49 Lakh | Open | |
| 24 Jan 2019 | 100252577 | Bank of India | ₹8 Lakh | Open | |
| 09 Sep 2005 | 90281030 | Bank of India | ₹2.5 Cr | Open |
To see the full charge records of Nordic Formulations Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Nordic Formulations 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
Nordic Formulations Private Limited has 3 MSME Form 1 returns on record between 2021 and 2023, listing 25 overdue payments to 15 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 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Dee Pee Packaging Industries | |||
| an individual supplier | |||
| an individual supplier | |||
| Corel Pharma Chem |
To see the full MSME payment records of Nordic Formulations Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nordic Formulations Private Limited has a workforce of 92 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
Employee count
92
Active EPFO establishments
1
Employee growth
6.98%
GST
Nordic Formulations has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCN9614R1ZP | Uttar Pradesh | Active | 01 Jul 2017 |
| 01AABCN9614R1Z5 | Jammu and Kashmir | Active | 08 Jul 2017 |
To see the full GST registrations and return filing status of Nordic Formulations Private Limited, buy the company report.
Recent activity
Nordic Formulations Private Limited has 8 board changes on record since 1999: 7 appointments and 1 cessation. The latest: Madhav Krishn Poddar was appointed as Director on 16 Jun 2025.
AGM
Nordic Formulations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Madhav Krishn Poddar was appointed as Director.
Filing
Nordic Formulations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Uttar Pradesh I.
Ceased
Santosh Poddar ceased to be Director.
Charges
A charge with Bank Of India amounted to Rs. 0.29 Cr with Charge ID 100359111 was registered on 04 Jun 2020.
Charges
A charge with Bank Of India of Rs. 2.50 Cr registered on 09 Sep 2005 with Charge ID 90281030 was modified on 04 May 2020.
Charges
A charge with Bank Of India amounted to Rs. 0.08 Cr with Charge ID 100252577 was registered on 24 Jan 2019.
Appointed
Kusum Poddar was appointed as Director.
Appointed
Neelam Poddar was appointed as Director.
Appointed
Santosh Poddar was appointed as Director.
Charges
A charge with Bank Of India amounted to Rs. 2.50 Cr with Charge ID 90281030 was registered on 09 Sep 2005.
Appointed
Banwari Lal Poddar was appointed as Director.
3 earlier events are in the company report.
Frequently asked questions
Nordic Formulations is an active private limited company based in Uttar Pradesh, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 27 September 1999 (27+ years old) and is registered under CIN U24231UP1999PTC024786.
Nordic Formulations has 6 current directors:
- Manoj Kumar Poddar - Director
- Manish Poddar - Director
- Banwari Lal Poddar - Director
- Neelam Poddar - Director
- Kusum Poddar - Director
- Madhav Krishn Poddar - Director
The latest financial statements of Nordic Formulations 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 Nordic Formulations is 09AABCN9614R1ZP, registered in Uttar Pradesh. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 01AABCN9614R1Z5 (Jammu and Kashmir).
The CIN (Corporate Identification Number) of Nordic Formulations is U24231UP1999PTC024786. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nordic Formulations was incorporated on 27 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Madhav Krishn Poddar was appointed as Director on 16 Jun 2025. Santosh Poddar ceased to be Director on 11 Oct 2022. Kusum Poddar was appointed as Director on 31 Mar 2015. Nordic Formulations has 8 board changes on record in total.
Yes, Nordic Formulations is registered as a small enterprise under Udyam registration (number: UDYAM-UP-75-0003455).
Nordic Formulations has 3 MSME Form 1 returns on record between 2021 and 2023, listing 25 overdue payments to 15 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Nordic Formulations can be reached through the website nordic.org.in. Its registered office is in Uttar Pradesh, India.
The registered office of Nordic Formulations is at Ck – 596 Bulanala Varanasi, Uttar Pradesh, India.