Ocean Organics Private Limited
About Ocean Organics Private Limited
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Ocean Organics Private Limited is a private limited company based in Punjab, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 08 January 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U24232PB1990PTC009995. Its GSTIN is 03AAACO1934A1Z9 (Punjab).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Ajay Kumar and Jagjit Singh.
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 Post Office Khanna Nagarbatala Road Amritsar, Punjab, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.59 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net loss of ₹54,500 (net margin -0.3%) and EBITDA of ₹8.64 Lakh (EBITDA margin 5.4%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
As per MCA filings, the company has open charges of ₹40 Lakh on record. Court records list 7 cases involving the company, including 7 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ocean Organics Private Limited's registered office is in Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPost Office Khanna Nagarbatala Road Amritsar, Punjab, India
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Ocean Organics 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 activity of Ocean Organics 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 Ocean Organics Private Limited, buy the company report.
Financials of Ocean Organics Private Limited
FY 2024 filings availableOcean Organics Private Limited reported revenue of ₹1.59 Cr (up 30% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 30% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 8% 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 | ₹8.64 Lakh | ||||
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| Net Profit (PAT) | -₹54,500 | ||||
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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 | 5.4% | ||||
| Net Profit Margin | -0.3% | ||||
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To see the full financial statements and ratios of Ocean Organics Private Limited, buy the company report.
Board of directors of Ocean Organics Private Limited
Ocean Organics has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Kumar | Director | 30 Jan 1999 | 27 Years 9 Months | Current |
| Jagjit Singh Also directs: Elevate View Estates LLP, Novanest Land Developers LLP, Himalaya Land Developers and Builders Private Limited and 1 more | Additional Director | 01 Apr 2019 | 7 Years 7 Months | Current |
| Pankaj Awasthi | Additional Director | 31 May 2017 | 9 Years 5 Months | Current |
| Gurpreet Singh Arora | Additional Director | 01 Apr 2019 | 7 Years 7 Months | Current |
Auditor
Ocean Organics Private Limited is audited by GOYAL KAPOOR & COMPANY for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOYAL KAPOOR & COMPANY | FY 2022 | 024632N |
Shareholding
The shareholding of Ocean Organics Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ocean Organics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 May 2017 | 100102169 | Canara Bank | ₹40 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Ocean Organics Private Limited has 7 court cases on record: 7 filed against it. 2 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 2 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (R.C.C.) | Filed against the company by Ms.Ajanta Pharma Limited. | Disposed |
| District court, Baramulla, Jammu and Kashmir | Court case (Criminal Complaint) | Filed against the company by an individual | Pending |
| District court, Amritsar, Punjab | Commercial suit | Filed against the company by State of Punjab | Pending |
| District court, Baramulla, Jammu and Kashmir | Court case (Cr. Case Complaint (O)) | Filed against the company by an individual | Disposed |
| District court, Mansa, Punjab | Commercial suit | Filed against the company by State of Punjab | Disposed |
To see the full case history of Ocean Organics 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 Ocean Organics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ocean Organics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACO1934A1Z9 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ocean Organics Private Limited, buy the company report.
Recent activity
Ocean Organics Private Limited has 7 board changes on record since 1999: 4 appointments and 3 cessations. The latest: Gurpreet Singh Arora was appointed as Additional Director on 01 Apr 2019.
Frequently asked questions
Ocean Organics is an active private limited company based in Punjab, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 08 January 1990 (36+ years old) and is registered under CIN U24232PB1990PTC009995.
Ocean Organics has 4 current directors:
- Ajay Kumar - Director
- Jagjit Singh - Additional Director
- Pankaj Awasthi - Additional Director
- Gurpreet Singh Arora - Additional Director
The latest financial statements of Ocean Organics 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 2015 are in the company report.
The GSTIN of Ocean Organics is 03AAACO1934A1Z9, registered in Punjab.
The CIN (Corporate Identification Number) of Ocean Organics is U24232PB1990PTC009995. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ocean Organics has 7 court cases on record: 7 filed against it. 2 are pending.
Ocean Organics was incorporated on 08 January 1990, making it 36+ years old. It is registered with the Registrar of Companies, Chandigarh.
Gurpreet Singh Arora was appointed as Additional Director on 01 Apr 2019. Jagjit Singh was appointed as Additional Director on 01 Apr 2019. Rajesh Awastti ceased to be Director on 01 Apr 2019. Ocean Organics has 7 board changes on record in total.
The registered office of Ocean Organics is at Post Office Khanna Nagarbatala Road Amritsar, Punjab, India.
Ocean Organics operates in the pharma industry, in the drug formulation and development segment.
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