Novartis India Limited - Company Profile

Q: Who are the current directors of Novartis India Limited?

The current directors of Novartis India Limited are Chandni Bhupendra Maru, Shilpa Shashank Joshi, Sandra Martyres, Gira Jagdeesh Sardesai, Christopher David Snook, Shilpa Shashank Joshi, Falin Ishwarlal Majmudar, Sanker Parameswaran.

It is a pharma public limited company based in Bandra, Maharashtra, India, established in 1947.

1947 Bandra, Maharashtra, India Active

Last Updated: December 22, 2025

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About Novartis India Limited

Novartis India Limited, a active public limited company, was established on 13 December 1947 in Bandra, Maharashtra, India. Engaging in drug formulation & development within the trade sector, it holds CIN: L24200MH1947PLC006104. Registered under ROC Roc Mumbai. it is listed on BSE: 500672 and NSE: NOVARTIND. It has an authorized capital of ₹32.00 Cr and a paid-up capital of ₹12.35 Cr.

Formerly known as Ciba (India) Private Limited, Ciba (India) Limited. It upholds a compliant status. In 2023, it reported revenue of ₹436.85 Cr and a net worth of ₹775.66 Cr. Employing 59 professional, Its leadership includes Shilpa Shashank Joshi (Whole-Time Director), Sandra Martyres (Director), Gira Jagdeesh Sardesai (Director). Past directors included Erwin Schillinger, Girish Arjan Tekchandani, Monaz Noble. It holds no open charges and ₹257.48 Cr settled loans. Its latest AGM occurred on 31 July 2025, with the balance sheet filed on 31 March 2025. It is based at Inspire Bkc 7Th Floor Bandra Kurla Complex, Bandra East, Bandra, Maharashtra, 400051.

Company Details

CIN/LLPIN
L24200MH1947PLC006104
Registration Number
006104
Incorporation Date
13 December 1947
Authorized Capital
₹32.00 Cr
Paid-Up Capital
₹12.35 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 500672, NSE: NOVARTIND)
Company Status
Active

Key Metrics

Authorised Capital ₹ 32.00 Cr as on 22-12-2025
Paid Up Capital ₹ 12.35 Cr as on 22-12-2025
Company Age 78 Year, 2 Months
Last Filing with ROC 31 Mar 2025
Satisfied Charges ₹ 257.48 Cr as on 22-12-2025
Revenue Growth **** 0.88% (FY 2023)
Profit Growth **** 2878.49% (FY 2023)
Ebitda **** 140.06% (FY 2023)
Net Worth 12.14% (FY 2023)
Total Assets **** 2.65% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Novartis India Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Novartis India Limited?

Current Directors

Name	Designation	Appointment Date	Status
Shilpa Shashank Joshi	Whole-Time Director	22 Nov 2022	Current
Sandra Martyres	Director	19 Apr 2016	Current
Gira Jagdeesh Sardesai	Director	31 Mar 2024	Current
Christopher David Snook	Director	01 Aug 2008	Current
Falin Ishwarlal Majmudar	Whole-Time Director	28 Jun 2024	Current
Sanker Parameswaran	Director	22 Jun 2020	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	23 Oct 2007	Past
Pramod Abcsdd	Company Secretary	12 Aug 2016	Past
Pramod Abcsdd	Director	22 Nov 2022	Past
Pramod Abcsdd	Cfo(Kmp)	-	Past
Pramod Abcsdd	Director	31 Mar 2020	Past
Pramod Abcsdd	Company Secretary	30 Apr 2024	Past

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Financial Performance of Novartis India.

Novartis India Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 0.88% increase. The company also saw a substantial improvement in profitability, with a 2878.49% increase in profit. The company's net worth Soared by an impressive increase of 12.14%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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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

********

0.88%

*******

Revenue from Operations

*******

-5.28%

*******

Total Assets

*******

2.65%

*******

Profit or Loss

*******

2878.49%

*******

Net Worth

*******

12.14%

*******

EBITDA

*******

140.06%

*******

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What is the Ownership and Shareholding Structure of Novartis India?

In 2023, Novartis India had a promoter holding of 70.68% and a public holding of 29.31%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹2,574,800,000.00

Charges Breakdown by Lending Institutions

Grindlays Bank : 111.60 Cr
Allahabad Bank : 45.00 Cr
Bnp Paribas : 33.00 Cr
Nationale De Paris French Bank Building : 32.50 Cr
The Industrial Credit And Investment Corpn. Of India Ltd. : 20.00 Cr
Others : 15.38 Cr

Latest Charge Details

Date	Lender	Amount	Status
12 Apr 1999	Bnp Paribas	₹33.00 Cr	Satisfied
02 May 1998	The Hongkong And Shanghai Banking Corporation Ltd.	₹5.00 Cr	Satisfied
21 Jul 1993	Allahabad Bank	₹45.00 Cr	Satisfied
21 Jul 1993	Grindlays Bank	₹45.00 Cr	Satisfied
28 May 1992	Grindlays Bank	₹38.00 Cr	Satisfied

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How Many Employees Work at Novartis India?

Novartis India has a workforce of 59 employees as of Apr 09, 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.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Novartis India, 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 Novartis India's trajectory.

Rating

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

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.

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Latest Updates, News, and FAQs on Novartis India

Recent Activity within the Organization

Annual General Meeting

The activity Novartis India Limited last Annual general meeting of members was held on 31 Jul 2025 as per latest MCA records. was completed.
31 Jul 2025
Balance Sheet

Progress on Novartis India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.
31 Mar 2025
Charges

A charge registered on 06 Aug 1940 via Charge ID 90230132 with The National Bank Of India Ltd. was fully satisfied on 20 Aug 2024. was recorded as a recent event.
20 Aug 2024
Charges

A charge registered on 21 Jul 1993 via Charge ID 90228667 with Grindlays Bank was fully satisfied on 01 Jul 2024. was recorded as a recent event.
01 Jul 2024
Charges

Progress on A charge registered on 17 Aug 1982 via Charge ID 90227632 with Grindlays Bank was fully satisfied on 01 Jul 2024. was documented.
01 Jul 2024
Director Appointment

Falin Ishwarlal Majmudar was appointed as a Whole-time director was appointed as a Whole-time director on 28 Jun 2024 & has been associated with this company since 1 year 7 months . was recorded as a recent event.
28 Jun 2024

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