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 of Oceanic Laboratories Private Limited
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
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. L – 91 MIDC Tarapur Boisar, Palghar, Maharashtra, India – 401506
- IndustryPharma, Drug Formulation & Development
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Business Activity of Oceanic Laboratories Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Oceanic Laboratories Private Limited FY 2024 filings available
Oceanic 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) of Oceanic Laboratories Private Limited
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 of Oceanic Laboratories Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Oceanic Laboratories Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Oceanic Laboratories are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
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 of Oceanic Laboratories Private Limited
Oceanic Laboratories Private Limited is compared with the companies closest to it by revenue in the Pharma industry (Formulations). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Globaux Impex Private Limited | ₹6.45 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Vadodara, Gujarat, India |
| Dolcas Botanosys Private Limited | ₹6.43 Cr (FY 2023) | •••• | •••• | 7.0% | •••• | Delhi, India |
| Procyon Life Sciences Private Limited | ₹6.41 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, 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 Limited this company | ₹6.4 Cr (FY 2024) | •••• | •••• | 123.0% | •••• | Palghar, Maharashtra, India |
| B H Construction Private Limited | ₹6.39 Cr (FY 2023) | •••• | •••• | 1034.0% | •••• | Mumbai, Maharashtra, India |
| Mannika Biotech Private Limited | ₹6.38 Cr (FY 2024) | •••• | •••• | 182.0% | •••• | Delhi, India |
| Incus Pharmaceuticals Private Limited | ₹6.38 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Ernakulam, Kerala, India |
| Chemxzen Labs Private Limited | ₹6.37 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Medchal-Malkajgiri, Telangana, India |
| Canopas Medworld Private Limited | ₹6.34 Cr (FY 2025) | •••• | •••• | 190.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Oceanic Laboratories by revenue in the Pharma industry (Formulations), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Oceanic Laboratories Private Limited
Oceanic Laboratories Private Limited is audited by HSAS & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HSAS & Co. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Oceanic Laboratories Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Oceanic Laboratories Private Limited
Open charges
₹6.82 Cr
Satisfied charges
₹1.34 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Mar 2022 | Others | ₹6.82 Cr | Open |
| 15 Jun 2020 | Canara Bank | ₹5.9 Lakh | Satisfied |
| 30 May 2020 | Canara Bank | ₹3 Lakh | Satisfied |
| 22 Feb 2019 | Canara Bank | ₹16.11 Lakh | Satisfied |
| 03 Feb 2018 | Canara Bank | ₹10.3 Lakh | Satisfied |
Total charge records: 13 View all charges
Legal Cases of Oceanic Laboratories Private Limited
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 |
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Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by Oceanic Laboratories Private Limited
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 | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Oceanic Laboratories Private Limited
Employment history and EPFO contributions of people linked to Oceanic Laboratories.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Oceanic Laboratories Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Oceanic Laboratories Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
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Subsidiaries & Group Companies of Oceanic Laboratories Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Oceanic Laboratories Private Limited
Oceanic Laboratories has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACO0564C1ZV | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Oceanic Laboratories Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Oceanic Laboratories Private Limited
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 reported revenue of ₹6.4 Cr for FY 2024 (up 123% YoY).
Oceanic Laboratories has 4 current directors:
- Tapan Haresh Sanghvi - Director
- Chetan Khantilal Sanghavi - Director
- Hareshkumar Pravinchandra Sanghvi - Director
- Mansi Tapan Sanghvi - Director
Oceanic Laboratories reported a net loss of ₹15.94 Lakh (net margin -2.5%) and EBITDA of ₹55.24 Lakh (EBITDA margin 8.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Oceanic Laboratories is 20% over three years and 15% over five years. In the latest year (FY 2024) revenue rose 123%. CAGR is the steady yearly rate that links the first and the last year.
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 Globaux Impex Private Limited, Dolcas Botanosys Private Limited, Procyon Life Sciences Private Limited, Pushti Pharmachem Private Limited, Glocal Lifescience Private Limited and 5 more, all in the Pharma industry (Formulations).
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).