MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-17-0022448
Oceanic Laboratories Private Limited - pharma in Palghar, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.4 Cr
▲ 123% YoY
Net loss · FY 2024
₹15.94 Lakh
Net margin -2.5%
EBITDA · FY 2024
₹55.24 Lakh
EBITDA margin 8.6%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.25 Cr
Issued & subscribed
Open charges
₹6.82 Cr
Satisfied ₹1.34 Cr
Company age
35 yrs
Est. 1991
Directors on board
4
As per MCA filings
About Oceanic Laboratories Private Limited
Data last updated:
Oceanic Laboratories Private Limited is a private limited company based in Palghar, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 02 April 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24100MH1991PTC061013. Its GSTIN is 27AAACO0564C1ZV (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.25 Cr. It is led by directors including Tapan Haresh Sanghvi and Chetan Khantilal Sanghavi.
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 Plot No. L – 91 MIDC Tarapur Boisar, Palghar, Maharashtra, India – 401506.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.4 Cr, a growth of 123% compared to the previous year. For the same year it recorded a net loss of ₹15.94 Lakh (net margin -2.5%) and EBITDA of ₹55.24 Lakh (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 15% over five years.
As per MCA filings, the company has open charges of ₹6.82 Cr and satisfied charges of ₹1.34 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending.
Oceanic Laboratories Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0022448). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website oceaniclaboratories.in.
Company details
CIN U24100MH1991PTC061013
Registration Number 061013
Incorporation Date 02 April 1991
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-17-0022448
Key People
Tapan Haresh Sanghvi Director Chetan Khantilal Sanghavi Director Hareshkumar Pravinchandra Sanghvi Director Recognitions & Rankings of Oceanic Laboratories
Contact details
Oceanic Laboratories Private Limited's registered office is in Palghar, Maharashtra. Its website is oceaniclaboratories.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. L – 91 MIDC Tarapur Boisar, Palghar, Maharashtra, India – 401506
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Oceanic Laboratories Private Limited, buy the company report.
Comprehensive company report
Oceanic Laboratories 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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Business activity
The main business activity of Oceanic Laboratories 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 Oceanic Laboratories Private Limited, buy the company report.
Financials of Oceanic Laboratories Private Limited
FY 2024 filings availableOceanic Laboratories Private Limited reported revenue of ₹6.4 Cr (up 123% YoY) for FY 2024.
Revenue · FY 2024
₹6.4 Cr ▲ 123%
Net loss · FY 2024
₹15.94 Lakh margin -2.5%
EBITDA · FY 2024
₹55.24 Lakh margin 8.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 123%
3 years · compounded
▲ 20%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 153%
3 years · compounded
▲ 47%
5 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 123% growth in the latest year. EBITDA rose 153% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹55.24 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.94 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.6% | ||||
| Net Profit Margin | -2.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Oceanic Laboratories Private Limited, buy the company report.
Board of directors of Oceanic Laboratories Private Limited
Oceanic Laboratories has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tapan Haresh Sanghvi | Director | 09 Mar 2021 | 5 Years 7 Months | Current |
| Chetan Khantilal Sanghavi | Director | 09 Mar 2021 | 5 Years 7 Months | Current |
| Hareshkumar Pravinchandra Sanghvi Also directs: U S Medi Science (India) Private Limited | Director | 09 Mar 2021 | 5 Years 7 Months | Current |
| Mansi Tapan Sanghvi | Director | 09 Mar 2021 | 5 Years 7 Months | Current |
Peer comparison
Oceanic Laboratories 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 |
|---|---|---|---|---|---|---|
| Dolcas Botanosys Private Limited | ₹6.43 Cr (FY 2023) | 7.0% | Delhi, India | |||
| Pushti Pharmachem Private Limited | ₹6.41 Cr (FY 2024) | -15.0% | Shajapur, Madhya Pradesh, India | |||
| Glocal Lifescience Private Limited | ₹6.4 Cr (FY 2017) | -27.0% | Pune, Maharashtra, India | |||
| Oceanic Laboratories Private Limitedthis company | ₹6.4 Cr (FY 2024) | -₹15.94 Lakh | -2.5% | 123.0% | Palghar, Maharashtra, India | |
| Chemxzen Labs Private Limited | ₹6.37 Cr (FY 2024) | 36.0% | Medchal-Malkajgiri, Telangana, India |
To see the full peer comparison of Oceanic Laboratories Private Limited, buy the company report.
Auditor
Oceanic Laboratories Private Limited is audited by HSAS & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HSAS & Co. | FY 2023 | 156190W |
Shareholding
The shareholding of Oceanic Laboratories 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 Oceanic Laboratories Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.82 Cr
Satisfied charges
₹1.34 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Mar 2022 | 100556727 | Others | ₹6.82 Cr | Open | |
| 15 Jun 2020 | 100368270 | Canara Bank | ₹5.9 Lakh | Satisfied | |
| 30 May 2020 | 100368268 | Canara Bank | ₹3 Lakh | Satisfied | |
| 22 Feb 2019 | 100243086 | Canara Bank | ₹16.11 Lakh | Satisfied | |
| 03 Feb 2018 | 100157796 | Canara Bank | ₹10.3 Lakh | Satisfied |
To see the full charge records of Oceanic Laboratories Private Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Oceanic Laboratories Private Limited has 3 court cases on record: 2 filed by Oceanic Laboratories, 1 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against Vortax Multitrade India LLP and 2 Ors and 2 others | Pending |
| District court, Thane, Maharashtra | Court case (Other Misc.Cri.Appln) | Filed by the company against Boisar Police Station Through State of Maharashtra | Pending |
| Bombay High Court | Company petition | Filed against the company by an individual | Disposed |
To see the full case history of Oceanic Laboratories 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
Oceanic Laboratories Private Limited has 11 MSME Form 1 returns on record between 2021 and 2024, listing 1,049 overdue payments to 94 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 94)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Oceanic Laboratories Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Oceanic Laboratories has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACO0564C1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Oceanic Laboratories Private Limited, buy the company report.
Recent activity
Oceanic Laboratories Private Limited has 12 board changes on record since 2021: 4 appointments and 8 cessations. The latest: Chetan Khantilal Sanghavi ceased to be Additional Director on 30 Nov 2021.
AGM
Oceanic Laboratories Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Oceanic Laboratories Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others of Rs. 6.82 Cr registered on 15 Mar 2022 with Charge ID 100556727 was modified on 05 Dec 2022.
Charges
A charge registered on 15 Jun 2020 via Charge ID 100368270 with Canara Bank was fully satisfied on 17 Mar 2022.
Charges
A charge registered on 30 May 2020 via Charge ID 100368268 with Canara Bank was fully satisfied on 17 Mar 2022.
Charges
A charge registered on 22 Feb 2019 via Charge ID 100243086 with Canara Bank was fully satisfied on 17 Mar 2022.
Charges
A charge registered on 03 Feb 2018 via Charge ID 100157796 with Canara Bank was fully satisfied on 17 Mar 2022.
Charges
A charge registered on 09 Nov 2001 via Charge ID 80016497 with Canara Bank was fully satisfied on 17 Mar 2022.
Charges
A charge registered on 08 Feb 1993 via Charge ID 80016494 with Canara Bank was fully satisfied on 17 Mar 2022.
Charges
A charge with Others amounted to Rs. 6.82 Cr with Charge ID 100556727 was registered on 15 Mar 2022.
Ceased
Chetan Khantilal Sanghavi ceased to be Additional Director.
Ceased
Hareshkumar Pravinchandra Sanghvi ceased to be Additional Director.
31 earlier events are in the company report.
Frequently asked questions
Oceanic Laboratories is an active private limited company based in Palghar, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 02 April 1991 (35+ years old) and is registered under CIN U24100MH1991PTC061013.
Oceanic Laboratories has 4 current directors:
- Tapan Haresh Sanghvi - Director
- Chetan Khantilal Sanghavi - Director
- Hareshkumar Pravinchandra Sanghvi - Director
- Mansi Tapan Sanghvi - Director
The latest financial statements of Oceanic Laboratories 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 Oceanic Laboratories is 27AAACO0564C1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Oceanic Laboratories is U24100MH1991PTC061013. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Oceanic Laboratories has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
Oceanic Laboratories was incorporated on 02 April 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Oceanic Laboratories by revenue are Dolcas Botanosys Private Limited, Pushti Pharmachem Private Limited, Glocal Lifescience Private Limited, Chemxzen Labs Private Limited, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Chetan Khantilal Sanghavi ceased to be Additional Director on 30 Nov 2021. Hareshkumar Pravinchandra Sanghvi ceased to be Additional Director on 30 Nov 2021. Mansi Tapan Sanghvi ceased to be Additional Director on 30 Nov 2021. Oceanic Laboratories has 12 board changes on record in total.
Yes, Oceanic Laboratories is registered as a small enterprise under Udyam registration (number: UDYAM-MH-17-0022448).
Oceanic Laboratories has 11 MSME Form 1 returns on record between 2021 and 2024, listing 1,049 overdue payments to 94 micro and small suppliers. The latest return was filed on 01 May 2024.
Oceanic Laboratories can be reached through the website oceaniclaboratories.in. Its registered office is in Palghar, Maharashtra, India.