About Panjon Limited
Data last updated: 23 December 2025
Panjon Limited is a public limited company based in Indore, Madhya Pradesh, India. It specialises in ayurvedic products and services, a part of the broader healthcare sector. Incorporated on 23 December 1983, the company has been in operation for over 43 years.
Registered with ROC Gwalior under CIN L24232MP1983PLC002320. Listed on BSE: 526345.
Capital: an authorised share capital of ₹18.5 Cr and a paid-up capital of ₹17.16 Cr. Formerly known as Panjon Private Limited. It is led by directors including Rajiv Kumar and Athak Mahajan.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Indore, Madhya Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.77 Cr, a growth of 137% compared to the previous year.
The company has a workforce of approximately 6 employees as per the latest available data.
The company is associated with 1 brand - Panjon. As per MCA filings, the company has open charges of ₹5.89 Cr and satisfied charges of ₹8 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website panjon.in.
-
Email*****@*****.com
-
Telephone+91-****-******
-
Website
-
Social Media
-
Registered Address1 Panjon Farm House Near Hinkargiri Tirth Airport Bijasan R, Oad, Indore, Madhya Pradesh, India – 452005
-
IndustryHealthcare, Ayurvedic Products & Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Panjon Limited
Panjon Limited has one previous CIN (Corporate Identification Number): U24232MP1983PLC002320. The current CIN is L24232MP1983PLC002320, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24232MP1983PLC002320 | Current |
| U24232MP1983PLC002320 | Previous |
Business Activity of Panjon Limited
Panjon Limited is engaged in the principal business activity of manufacturing, with detailed activities including 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 | ********* |
Auditor Details of Panjon Limited
Panjon Limited is audited by GOYAL PARUL & CO (ICAI peer reviewed, certificate valid till 2026-05-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| GOYAL PARUL & CO (ICAI peer reviewed, certificate valid till 2026-05-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Panjon Limited
Panjon Limited is currently managed by 7 directors, with 14 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Rajiv Kumar
Also directs:
Panjon Limited
|
Director | 31 Aug 2023 | 2 Years 10 Months | Current |
|
Athak Mahajan
Also directs:
Panjon Limited
|
Director | 31 Aug 2023 | 2 Years 10 Months | Current |
|
Pooja Vishal Bhandari
Also directs:
Panjon Limited
|
Director | 27 Sep 2017 | 8 Years 9 Months | Current |
|
Jay Kothari
Also directs:
Panjon Limited, Raunaq Laboratories Ltd
|
Managing Director | 03 Sep 2015 | 10 Years 10 Months | Current |
|
Anju Kothari
Also directs:
Panjon Limited, Sanitex Chemicals Limited
|
Director | 14 Feb 2019 | 7 Years 4 Months | Current |
Financials of Panjon Limited FY 2026 filings available
Panjon Limited reported revenue of ₹47.62 Cr (up 56.35% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹47.62 Cr | ₹30.46 Cr | ₹12.55 Cr | ₹6.09 Cr | ₹8.43 Cr | ₹14.87 Cr | ₹26.43 Cr | ₹25.94 Cr |
| Other Income | ₹30.07 Lakh | ₹30.79 Lakh | ₹45.33 Lakh | ₹38.24 Lakh | ₹29.72 Lakh | ₹0 | ₹29.06 Lakh | ₹36.37 Lakh |
| Total Income | ₹47.92 Cr | ₹30.77 Cr | ₹13.01 Cr | ₹6.47 Cr | ₹8.73 Cr | ₹14.87 Cr | ₹26.72 Cr | ₹26.3 Cr |
| Cost of Materials Consumed | ₹3.44 Cr | ₹2.07 Cr | ₹1.85 Cr | ₹1.92 Cr | ₹2.55 Cr | ₹1.38 Cr | ₹1.41 Cr | ₹1.9 Cr |
| Purchases of Stock-in-Trade | ₹34.91 Cr | ₹23.91 Cr | ₹7.32 Cr | ₹6.65 Lakh | ₹2.8 Cr | ₹10.66 Cr | ₹22.19 Cr | ₹21.05 Cr |
| Changes in Inventories | ₹13 Lakh | ₹0 | ₹0 | ₹9.89 Lakh | -₹5.25 Lakh | ₹0 | -₹7.34 Lakh | ₹0 |
| Employee Benefit Expense | ₹2.52 Cr | ₹85.83 Lakh | ₹1.04 Cr | ₹46.56 Lakh | ₹46.18 Lakh | ₹42.15 Lakh | ₹46.99 Lakh | ₹37.54 Lakh |
| Finance Costs | ₹27.1 Lakh | ₹17.08 Lakh | ₹3.46 Lakh | ₹4.7 Lakh | ₹6.38 Lakh | ₹9.8 Lakh | ₹14.98 Lakh | ₹0 |
| Depreciation & Amortisation | ₹30.27 Lakh | ₹23.45 Lakh | ₹21.69 Lakh | ₹21.1 Lakh | ₹20.28 Lakh | ₹22.53 Lakh | ₹27.28 Lakh | ₹14.95 Lakh |
| Other Expenses | ₹5.63 Cr | ₹2.99 Cr | ₹2.38 Cr | ₹3.55 Cr | ₹6.72 Cr | ₹1.89 Cr | ₹2.11 Cr | ₹2.55 Cr |
| Total Expenses | ₹47.2 Cr | ₹30.24 Cr | ₹12.85 Cr | ₹6.36 Cr | ₹12.74 Cr | ₹14.67 Cr | ₹26.53 Cr | ₹26.02 Cr |
| Profit Before Exceptional Items & Tax | ₹72.45 Lakh | ₹52.74 Lakh | ₹15.74 Lakh | ₹11.78 Lakh | -₹4.01 Cr | ₹19.25 Lakh | ₹18.75 Lakh | ₹28.14 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹72.45 Lakh | ₹52.74 Lakh | ₹15.74 Lakh | ₹11.78 Lakh | -₹4.01 Cr | ₹19.25 Lakh | ₹18.75 Lakh | ₹28.14 Lakh |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Profit | ₹72.45 Lakh | ₹52.74 Lakh | ₹15.74 Lakh | ₹11.78 Lakh | -₹4.01 Cr | ₹19.25 Lakh | ₹18.75 Lakh | ₹28.14 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹72.45 Lakh | ₹52.74 Lakh | ₹15.74 Lakh | ₹11.78 Lakh | -₹4.01 Cr | ₹19.25 Lakh | ₹18.75 Lakh | ₹28.14 Lakh |
| EBITDA (computed) | ₹1.3 Cr | ₹93.27 Lakh | ₹40.89 Lakh | ₹37.58 Lakh | -₹3.75 Cr | ₹51.58 Lakh | ₹61.01 Lakh | ₹43.09 Lakh |
| Basic EPS | ₹0.04 | ₹0.03 | ₹0.10 | ₹0.01 | ₹0.00 | ₹0.12 | ₹0.12 | ₹0.18 |
| Diluted EPS | ₹0.04 | ₹0.03 | ₹0.10 | ₹0.01 | ₹0.00 | ₹0.12 | ₹0.12 | ₹0.18 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹21.76 Cr | ₹20.05 Cr | ₹17.39 Cr | ₹14.9 Cr | ₹14.05 Cr | ₹19.25 Cr | ₹19.21 Cr | ₹18.96 Cr |
| Non-current Assets | ₹6.56 Cr | ₹7.38 Cr | ₹4.83 Cr | ₹4.26 Cr | ₹5.13 Cr | ₹7.2 Cr | ₹7.73 Cr | ₹2.82 Cr |
| Current Assets | ₹15.2 Cr | ₹12.67 Cr | ₹12.56 Cr | ₹10.64 Cr | ₹8.92 Cr | ₹12.05 Cr | ₹11.49 Cr | ₹16.14 Cr |
| Property, Plant & Equipment | ₹1.43 Cr | ₹1.08 Cr | ₹89.23 Lakh | ₹90.45 Lakh | ₹93.74 Lakh | ₹95.13 Lakh | ₹1.12 Cr | ₹87.49 Lakh |
| Inventories | ₹4.96 Cr | ₹4.62 Cr | ₹3.74 Cr | ₹3.48 Cr | ₹3.77 Cr | ₹3.87 Cr | ₹3.81 Cr | ₹3.62 Cr |
| Trade Receivables | ₹5.47 Cr | ₹3.26 Cr | ₹1.81 Cr | ₹1.56 Cr | ₹60.7 Lakh | ₹3.71 Cr | ₹3.3 Cr | ₹8.4 Cr |
| Cash & Equivalents | ₹72.9 Lakh | ₹44.46 Lakh | ₹2.72 Cr | ₹1.47 Cr | ₹1.44 Cr | ₹31.18 Lakh | ₹27.57 Lakh | ₹49.93 Lakh |
| Equity (Net Worth) | ₹17.03 Cr | ₹16.54 Cr | ₹14.85 Cr | ₹13.48 Cr | ₹12.66 Cr | ₹16.81 Cr | ₹16.73 Cr | ₹16.77 Cr |
| Equity Share Capital | ₹17.17 Cr | ₹17.17 Cr | ₹16.31 Cr | ₹15.5 Cr | ₹15.5 Cr | ₹15.5 Cr | ₹15.5 Cr | ₹15.5 Cr |
| Borrowings (Non-current) | ₹30.21 Lakh | ₹7.62 Lakh | ₹14.12 Lakh | ₹25.73 Lakh | ₹30.11 Lakh | ₹1.07 Cr | ₹1.31 Cr | ₹14.88 Lakh |
| Borrowings (Current) | ₹3.71 Cr | ₹2.57 Cr | ₹1.3 Cr | ₹52.33 Lakh | ₹30.84 Lakh | ₹5.15 Lakh | ₹4.71 Lakh | ₹1.27 Cr |
| Total Debt (computed) | ₹4.01 Cr | ₹2.65 Cr | ₹1.44 Cr | ₹78.06 Lakh | ₹60.95 Lakh | ₹1.12 Cr | ₹1.36 Cr | ₹1.42 Cr |
| Current Liabilities | ₹4.42 Cr | ₹3.43 Cr | ₹2.4 Cr | ₹1.16 Cr | ₹1.08 Cr | ₹1.37 Cr | ₹1.18 Cr | ₹1.79 Cr |
| Total Liabilities | ₹4.73 Cr | ₹3.51 Cr | ₹2.54 Cr | ₹1.42 Cr | ₹1.38 Cr | ₹2.44 Cr | ₹2.49 Cr | ₹2.19 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | -₹43.17 Lakh | ₹4.65 Cr | -₹42.24 Lakh | ₹4.07 Lakh | ₹1.84 Cr |
| Investing Cash Flow | -₹66.19 Lakh | ₹41.24 Lakh | -₹20.62 Lakh | -₹18.56 Lakh | -₹18.58 Lakh |
| Financing Cash Flow | ₹1.38 Cr | ₹2.63 Cr | ₹1.88 Cr | ₹18.05 Lakh | -₹52.72 Lakh |
| Capital Expenditure | ₹64.97 Lakh | -₹42.46 Lakh | ₹20.34 Lakh | ₹17.62 Lakh | ₹0 |
| Free Cash Flow (computed) | -₹1.08 Cr | ₹4.22 Cr | -₹62.58 Lakh | -₹13.55 Lakh | ₹1.84 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹28.44 Lakh | ₹7.69 Cr | ₹1.25 Cr | ₹3.56 Lakh | ₹1.13 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹12.12 Cr | ₹14.13 Cr | ₹14.95 Cr | ₹6.42 Cr | ₹13.83 Cr | ₹11.16 Cr | ₹3.38 Cr | ₹2.09 Cr |
| Other Income | ₹17.33 Lakh | ₹4.25 Lakh | ₹4.69 Lakh | ₹3.8 Lakh | ₹4.79 Lakh | ₹8.08 Lakh | ₹8.27 Lakh | ₹9.65 Lakh |
| Total Income | ₹12.29 Cr | ₹14.17 Cr | ₹14.99 Cr | ₹6.45 Cr | ₹13.88 Cr | ₹11.24 Cr | ₹3.46 Cr | ₹2.19 Cr |
| Cost of Materials Consumed | ₹29.91 Lakh | ₹1.19 Cr | ₹1.04 Cr | ₹91.99 Lakh | ₹88.61 Lakh | ₹55.05 Lakh | ₹23.66 Lakh | ₹39.97 Lakh |
| Purchases of Stock-in-Trade | ₹10.3 Cr | ₹10.19 Cr | ₹11.01 Cr | ₹3.41 Cr | ₹11.54 Cr | ₹9.12 Cr | ₹2.31 Cr | ₹94.05 Lakh |
| Changes in Inventories | ₹13 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹31.46 Lakh | ₹81.91 Lakh | ₹75.75 Lakh | ₹62.95 Lakh | ₹8.03 Lakh | ₹26.46 Lakh | ₹27.52 Lakh | ₹23.82 Lakh |
| Finance Costs | ₹10.26 Lakh | ₹6.7 Lakh | ₹4.35 Lakh | ₹5.79 Lakh | ₹5.96 Lakh | ₹5.59 Lakh | ₹2.91 Lakh | ₹2.62 Lakh |
| Depreciation & Amortisation | ₹14.02 Lakh | ₹4.3 Lakh | ₹4.25 Lakh | ₹7.7 Lakh | ₹7.7 Lakh | ₹5.25 Lakh | ₹5.25 Lakh | ₹5.25 Lakh |
| Other Expenses | ₹81.82 Lakh | ₹1.66 Cr | ₹1.88 Cr | ₹1.27 Cr | ₹1.01 Cr | ₹99.39 Lakh | ₹48.85 Lakh | ₹49.73 Lakh |
| Total Expenses | ₹12.1 Cr | ₹13.97 Cr | ₹14.77 Cr | ₹6.36 Cr | ₹13.65 Cr | ₹11.04 Cr | ₹3.39 Cr | ₹2.15 Cr |
| Profit Before Exceptional Items & Tax | ₹18.91 Lakh | ₹20.81 Lakh | ₹22.42 Lakh | ₹9.49 Lakh | ₹22.66 Lakh | ₹19.96 Lakh | ₹6.66 Lakh | ₹3.46 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹18.91 Lakh | ₹20.81 Lakh | ₹22.42 Lakh | ₹9.49 Lakh | ₹22.66 Lakh | ₹19.96 Lakh | ₹6.66 Lakh | ₹3.46 Lakh |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Profit | ₹18.91 Lakh | ₹20.81 Lakh | ₹22.42 Lakh | ₹9.49 Lakh | ₹22.66 Lakh | ₹19.96 Lakh | ₹6.66 Lakh | ₹3.46 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹18.91 Lakh | ₹20.81 Lakh | ₹22.42 Lakh | ₹9.49 Lakh | ₹22.66 Lakh | ₹19.96 Lakh | ₹6.66 Lakh | ₹3.46 Lakh |
| EBITDA (computed) | ₹43.19 Lakh | ₹31.81 Lakh | ₹31.02 Lakh | ₹22.98 Lakh | ₹36.32 Lakh | ₹30.8 Lakh | ₹14.82 Lakh | ₹11.33 Lakh |
| Basic EPS | ₹0.01 | ₹0.01 | ₹0.13 | ₹0.06 | ₹0.01 | ₹0.00 | ₹0.00 | ₹0.00 |
| Diluted EPS | ₹0.01 | ₹0.01 | ₹0.13 | ₹0.06 | ₹0.01 | ₹0.00 | ₹0.00 | ₹0.00 |
Shareholding Pattern of Panjon Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 56.69%, retail and other public shareholders hold 43.31% of Panjon Limited. The company had 10,421 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 56.69% | 56.69% | 56.69% | 56.69% | 56.69% | 56.69% |
| Public | 43.31% | 43.31% | 43.31% | 43.31% | 43.31% | 43.31% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 56.69% | 56.69% | 52.03% |
| Public | 43.31% | 43.31% | 47.97% |
| Promoter change (YoY, %pts) | +0.00 | +4.66 | - |
Group Structure of Panjon Limited
Panjon Limited has 1 associated company. This group structure data is as of FY 2023. The corporate group structure reflects Panjon Limited's business expansion strategy and organizational complexity.
Charges & Borrowings of Panjon Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Feb 2024 | State Bank of India | ₹4.95 Cr | Open |
| 23 May 2019 | State Bank of India | ₹5.4 Lakh | Open |
| 28 Apr 1993 | Ashok Leyland Finance Ltd. | ₹3.48 Lakh | Open |
| 23 Jun 1992 | Madhya Pradesh Financial Corporation. | ₹6.5 Lakh | Open |
| 23 Jun 1992 | Madhya Pradesh Financial Corporation. | ₹27 Lakh | Open |
Total charge records: 20 View all charges
Employees and EPFO Compliance at Panjon Limited
Panjon Limited has a workforce of 6 employees as of Mar 27, 2024.
Employee Count & EPFO Data of Panjon Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of Panjon Limited
GSTIN & GST Filing Data of Panjon Limited
Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.
Credit Ratings, Litigation & Regulatory Alerts for Panjon Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Panjon Limited
Access complete credit rating history, litigation records, regulatory alerts, and compliance data.
MSME Payment Delays by Panjon Limited
MSME Payment Delays by Panjon Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Panjon Limited
Subsidiaries & Group Companies of Panjon Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Panjon Limited with ownership details.
MCA Filings & Documents of Panjon Limited
MCA Filings & Documents of Panjon Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity on Panjon Limited
Frequently Asked Questions about Panjon Limited
Panjon Limited is an active public limited company in the healthcare sector based in Indore, Madhya Pradesh, India. It was incorporated on 23 December 1983 (43+ years old) and is registered under CIN L24232MP1983PLC002320. Listed on BSE: 526345. The company has 6 employees.
Panjon Limited reported revenue of ₹30.77 Cr for FY 2025 (up 137.00% YoY).
The current directors of Panjon Limited are:
- Rajiv Kumar
- Athak Mahajan
- Arpita Vijayvargiya
- Pooja Vishal Bhandari
- Pramod Kumar Ajmera
- Jay Kothari
- Anju Kothari
The primary industry of Panjon Limited is healthcare. The company specifically operates in ayurvedic products and services. The company is currently active in this sector.
Yes. Panjon Limited is listed on BSE with code 526345.
Panjon Limited can be reached at the registered office: 1 Panjon Farm House Near Hinkargiri Tirth Airport Bijasan R, Oad, Indore, Madhya Pradesh, India – 452005, or through the website panjon.in.