About Origin Formulations Private Limited
Data last updated:
Origin Formulations Private Limited is a private limited company based in Ahmedabad, Gujarat, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 23 December 2010.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24230GJ2010PTC063358. The company has 5 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹7 Cr. It is led by directors Kaushik Arvindbhai Sangani and Hanubhai Ramjibhai Sangani.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2018, the company reported a revenue of ₹25.07 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹26.62 Cr (net margin -106.2%) and EBITDA of -₹20.52 Cr (EBITDA margin -81.8%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years.
The company has about 127 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35.15 Cr and satisfied charges of ₹3 Cr on record. Court records list 11 cases involving the company, including 9 filed against it; 1 case is pending.
The last known website on record is originformulations.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address4th Floor Narayankrupa Square Behind Old Natraj Cinema Beside Sakar V Off Ashra, M Road, Ahmedabad, Gujarat, India – 380009
- IndustryPharma, Drug Formulation & Development
- 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
- One PDF report, delivered after checkout
Business Activity of Origin Formulations Private Limited
The main business activity of Origin Formulations 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Origin Formulations Private Limited FY 2018 filings available
Origin Formulations Private Limited reported revenue of ₹25.07 Cr (down 42% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Origin Formulations Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 45% over three years, including a 42% fall in the latest year. EBITDA fell 469% 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 Origin Formulations Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | ₹25.07 Cr | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹20.52 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹26.62 Cr | •••• | •••• | •••• |
| 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 Origin Formulations Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -81.8% | •••• | •••• | •••• |
| Net Profit Margin | -106.2% | •••• | •••• | •••• |
| 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 Origin Formulations are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Origin Formulations Private Limited
Origin Formulations 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 |
|---|---|---|---|---|---|---|
| Tanmed Pharma India Private Limited | ₹25.2 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Chennai, Tamil Nadu, India |
| Ornate Labs Private Limited | ₹25.2 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Muzaffarpur, Bihar, India |
| JMB Pharmaceuticals Private Limited | ₹25.18 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Mumbai, Maharashtra, India |
| Piramal Phytocare Limited | ₹25.17 Cr (FY 2019) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Fitwel Pharmaceuticals Private Limited | ₹25.09 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| Origin Formulations Private Limited this company | ₹25.07 Cr (FY 2018) | •••• | •••• | -42.0% | •••• | Ahmedabad, Gujarat, India |
| Unistar Biotech Limited | ₹25.06 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Ahmedabad, Gujarat, India |
| Sanjibani Medisales Private Limited | ₹25.04 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Kolkata, West Bengal, India |
| Healkraft Pharma (India) Private Limited | ₹25.01 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Chennai, Tamil Nadu, India |
| U Square Lifescience Private Limited | ₹24.98 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | Tal Sarkhej Ahmedabad Ii, Gujarat, India |
| Amulya Herbs Private Limited | ₹24.97 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Chandigarh, India |
Peers are the five companies nearest above and the five nearest below Origin Formulations 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 Origin Formulations Private Limited
Origin Formulations Private Limited is audited by RAJESHKUMAR P SHAH & CO. for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJESHKUMAR P SHAH & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Origin Formulations Private Limited
Origin Formulations has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushik Arvindbhai Sangani | Director | 15 Feb 2014 | 12 Years 7 Months | As last reported |
| Hanubhai Ramjibhai Sangani Also directs: Sangani Industries LLP, Satyam Import Export LLP, Jay Jalaram Extrusion LLP and 3 more | Director | 15 Feb 2014 | 12 Years 7 Months | As last reported |
Ownership and Shareholding of Origin Formulations Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Origin Formulations Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 May 2013 | Union Bank of India | ₹35.15 Cr | Open |
| 14 Feb 2013 | Bank of Maharashtra | ₹3 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Origin Formulations Private Limited
Origin Formulations Private Limited has 11 court cases on record: 9 filed against it, 2 where it is another party. 1 case is pending and 10 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 8 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Fab Pharmaceuticals Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Farmachem Life Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Sunil Healthcare Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CBI CC) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Company is another party | Disposed |
Full case history
All 11 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Origin Formulations Private Limited
Origin Formulations Private Limited has a workforce of 127 employees as of Mar 10, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Origin Formulations Private Limited
Origin Formulations Private Limited has 7 board changes on record since 2014: 2 appointments and 5 cessations. The latest: Sahil Aggarwal ceased to be Director on 05 Dec 2015.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Origin Formulations Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Origin Formulations Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Origin Formulations Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Origin Formulations Private Limited
Origin Formulations has 5 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Origin Formulations Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Origin Formulations Private Limited
Origin Formulations is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Origin Formulations is a company under liquidation, formerly operating as a private limited company based in Ahmedabad, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 23 December 2010 and is registered under CIN U24230GJ2010PTC063358. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Origin Formulations reported revenue of ₹25.07 Cr for FY 2018 (down 42% YoY).
Origin Formulations has 2 current directors:
- Kaushik Arvindbhai Sangani - Director
- Hanubhai Ramjibhai Sangani - Director
Origin Formulations reported a net loss of ₹26.62 Cr (net margin -106.2%) and EBITDA of -₹20.52 Cr (EBITDA margin -81.8%) for FY 2018, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Origin Formulations is -45% over three years. In the latest year (FY 2018) revenue fell 42%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Origin Formulations is U24230GJ2010PTC063358. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Origin Formulations has open charges of ₹35.15 Cr and satisfied charges of ₹3 Cr as per latest MCA filings.
Origin Formulations has 11 court cases on record: 9 filed against it. 1 is pending. Most are in the district courts.
Origin Formulations was incorporated on 23 December 2010. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Origin Formulations by revenue are Tanmed Pharma India Private Limited, Ornate Labs Private Limited, JMB Pharmaceuticals Private Limited, Piramal Phytocare Limited, Fitwel Pharmaceuticals Private Limited and 5 more, all in the Pharma industry (Formulations).