About Palam Pharma Private Limited
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Palam Pharma Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 24 December 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24230GJ1997PTC033493. Its GSTIN is 24AABCP1568Q1Z0 (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹46 Lakh. It is led by directors Tarunbhai Prahladbhai Patel and Bharatkumar Prahladbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 12 Dandyval Compound Nrold Nirma Phase I GIDC Vatva, Ahmedabad, Gujarat, India – 382445.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.11 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹2.06 Cr (net margin 12.8%) and EBITDA of ₹3.39 Cr (EBITDA margin 21%). Revenue has grown at a compounded annual rate (CAGR) of 2% over five years.
The company is associated with 1 brand: Palam Pharma. As per MCA filings, the company has open charges of ₹4.78 Cr on record. Court records list 10 cases involving the company, including 6 filed by the company and 4 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website palampharma.com.
Company details
Contact details
Palam Pharma Private Limited's registered office is in Ahmedabad, Gujarat. Its website is palampharma.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address12 Dandyval Compound Nrold Nirma Phase I GIDC Vatva, Ahmedabad, Gujarat, India – 382445
- IndustryPharma, API Manufacturers
To see the full contact details of Palam Pharma 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
Brands
Palam Pharma operates one associated brand: Palam Pharma. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Functions as a CDMO specializing in API manufacturing for pharmaceutical needs. | palampharma.com |
Business activity
The main business activity of Palam Pharma 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 Palam Pharma Private Limited, buy the company report.
Financials of Palam Pharma Private Limited
FY 2025 filings availablePalam Pharma Private Limited reported revenue of ₹16.11 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 9% growth in the latest year. EBITDA rose 61% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.39 Cr | ||||
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| Net Profit (PAT) | ₹2.06 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21% | ||||
| Net Profit Margin | 12.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Palam Pharma Private Limited, buy the company report.
Board of directors of Palam Pharma Private Limited
Palam Pharma has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tarunbhai Prahladbhai Patel | Director | 24 Dec 1997 | 28 Years 10 Months | Current |
| Bharatkumar Prahladbhai Patel | Director | 24 Dec 1997 | 28 Years 10 Months | Current |
Peer comparison
Palam Pharma Private Limited is compared with the 7 companies closest to it by revenue in the Pharma industry (API Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Susaah Laboratories Private Limited | ₹16.82 Cr (FY 2025) | -49.0% | Secunderabad, Telangana, India | |||
| Sai Sreyas Pharmaceutical Private Limited | ₹16.62 Cr (FY 2025) | 27.0% | Hyderabad, Telangana, India | |||
| Rchem Organics (Bangalore) Private Limited | ₹16.49 Cr (FY 2025) | 47.0% | Bangalore, Karnataka, India | |||
| Solana Life Sciences Private Limited | ₹16.49 Cr (FY 2024) | 18.0% | Dhar, Madhya Pradesh, India | |||
| M.N.Chemicals Limited | ₹16.13 Cr (FY 2025) | 23.0% | Bangalore, Karnataka, India | |||
| Palam Pharma Private Limitedthis company | ₹16.11 Cr (FY 2025) | ₹2.06 Cr | 12.8% | 9.0% | Ahmedabad, Gujarat, India | |
| Cornileus Pharmaceuticals Private Limited | ₹16.06 Cr (FY 2024) | -60.0% | Hyderabad, Telangana, India | |||
| Shilpa Chemspec International Private Limited | ₹15.42 Cr (FY 2025) | 27.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Palam Pharma Private Limited, buy the company report.
Auditor
Palam Pharma Private Limited is audited by RAJESH J SHAH & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJESH J SHAH & ASSOCIATES | FY 2024 | 108407W |
Shareholding
The shareholding of Palam Pharma Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Palam Pharma Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2022 | 100594152 | Hdfc Bank Limited | ₹4.78 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Palam Pharma Private Limited has 10 court cases on record: 6 filed by Palam Pharma, 4 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 2 | 1 |
| District courts | 4 | 2 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (CUAPP) | Filed against the company by The Principal Commissioner of Customs (Preventive) | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by The Principal Commissioner of Customs (Preventive) | Disposed |
| High Court, GUJARAT | Court case (TAXAP) | Filed by the company against The State of Gujarat | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by individuals | Disposed |
| Bombay High Court | Court case (CUAPP) | Filed by the company against The Commissioner of Customs (Preventive), | Disposed |
To see the full case history of Palam Pharma 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
Palam Pharma Private Limited has 3 MSME Form 1 returns on record between 2021 and 2023, listing 3 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Eco Safe Containers | |||
| Vibhinn Rasayan Private Limited |
To see the full MSME payment records of Palam Pharma Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Palam Pharma has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCP1568Q1Z0 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Palam Pharma Private Limited, buy the company report.
Recent activity
Palam Pharma Private Limited has 2 board changes on record since 1997: 2 appointments. The latest: Bharatkumar Prahladbhai Patel was appointed as Director on 24 Dec 1997.
Frequently asked questions
Palam Pharma is an active private limited company based in Ahmedabad, Gujarat, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 24 December 1997 (29+ years old) and is registered under CIN U24230GJ1997PTC033493.
Palam Pharma has 2 current directors:
- Tarunbhai Prahladbhai Patel - Director
- Bharatkumar Prahladbhai Patel - Director
The latest financial statements of Palam Pharma on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Palam Pharma is 24AABCP1568Q1Z0, registered in Gujarat.
The CIN (Corporate Identification Number) of Palam Pharma is U24230GJ1997PTC033493. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palam Pharma has 10 court cases on record: 6 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.
Palam Pharma was incorporated on 24 December 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Palam Pharma by revenue are Susaah Laboratories Private Limited, Sai Sreyas Pharmaceutical Private Limited, Rchem Organics (Bangalore) Private Limited, Solana Life Sciences Private Limited, M.N.Chemicals Limited and 2 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Bharatkumar Prahladbhai Patel was appointed as Director on 24 Dec 1997. Tarunbhai Prahladbhai Patel was appointed as Director on 24 Dec 1997.
Palam Pharma has 3 MSME Form 1 returns on record between 2021 and 2023, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Palam Pharma can be reached through the website palampharma.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Palam Pharma is at 12 Dandyval Compound Nrold Nirma Phase I GIDC Vatva, Ahmedabad, Gujarat, India – 382445.
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