MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0003267
Pell Tech Health Care Private Limited - pharma in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹118.72 Cr
▲ 16% YoY
Net profit · FY 2025
₹6.7 Cr
Net margin 5.6%
EBITDA · FY 2025
₹13.8 Cr
EBITDA margin 11.6%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹49.68 Cr
Satisfied ₹50.03 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
218
Provident fund records
About Pell Tech Health Care Private Limited
Data last updated:
Pell Tech Health Care Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 04 August 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH2003PTC141586. Its GSTIN is 27AADCP4744N1ZY (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Dharmesh Sunderji Shah and Neepa Shah Dharmesh.
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 Plot No. 20 – B Tansa Farm Estate Village Met Bhiwandi – Wada Road Wada – Thane, Maharashtra, India – 421312.
As per the financials filed for FY 2025, the company reported a revenue of ₹118.72 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹6.7 Cr (net margin 5.6%) and EBITDA of ₹13.8 Cr (EBITDA margin 11.6%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 17% over five years.
The company has about 218 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Pelltech Healthcare. As per MCA filings, the company has open charges of ₹49.68 Cr and satisfied charges of ₹50.03 Cr on record. Court records list 18 cases involving the company, including 6 filed by the company and 12 filed against it; 4 cases are pending. The company has 10 deals on record (6 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹3.99 Cr; the latest was in March 2021. Its 9 peer companies in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 5 smaller; the largest is Ananta Medicare Limited with revenue of ₹120.04 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2023, listing 345 overdue payments to 42 micro and small suppliers.
Pell Tech Health Care Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0003267). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pelltechhealthcare.com.
Company details
CIN U24230MH2003PTC141586
Registration Number 141586
Incorporation Date 04 August 2003
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0003267
Key People
Dharmesh Sunderji Shah Director Neepa Shah Dharmesh Director Harnil Dharmesh Shah Director Recognitions & Rankings of Pell Tech Health Care
Contact details
Pell Tech Health Care Private Limited's registered office is in Thane, Maharashtra. Its website is pelltechhealthcare.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressPlot No. 20 – B Tansa Farm Estate Village Met Bhiwandi – Wada Road Wada – Thane, Maharashtra, India – 421312
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Pell Tech Health Care Private Limited, buy the company report.
Comprehensive company report
Pell Tech Health Care 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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Brands
Pell Tech Health Care operates one associated brand: Pelltech Healthcare. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pharmaceutical manufacturing of pellets, granules, tablets, and capsules in India. | pelltechhealthcare.com |
Business activity
The main business activity of Pell Tech Health Care 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 Pell Tech Health Care Private Limited, buy the company report.
Financials of Pell Tech Health Care Private Limited
FY 2025 filings availablePell Tech Health Care Private Limited reported revenue of ₹118.72 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹118.72 Cr ▲ 16%
Net profit · FY 2025
₹6.7 Cr margin 5.6%
EBITDA · FY 2025
₹13.8 Cr margin 11.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 18%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 14%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 16% growth in the latest year. EBITDA rose 15% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹13.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.7 Cr | ||||
| 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 | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.6% | ||||
| Net Profit Margin | 5.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Pell Tech Health Care Private Limited, buy the company report.
Board of directors of Pell Tech Health Care Private Limited
Pell Tech Health Care has 3 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 |
|---|---|---|---|---|
| Dharmesh Sunderji Shah Also directs: Azorus Healthcare Private Limited | Director | 04 Aug 2003 | 23 Years 3 Months | Current |
| Neepa Shah Dharmesh | Director | 04 Aug 2003 | 23 Years 3 Months | Current |
| Harnil Dharmesh Shah Also directs: Azorus Healthcare Private Limited | Director | 26 Aug 2021 | 5 Years 2 Months | Current |
Peer comparison
Pell Tech Health Care Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Ananta Medicare Limited | ₹120.04 Cr (FY 2025) | 50.0% | Delhi, India | |||
| Amol Pharmaceuticals Private Limited | ₹119.9 Cr (FY 2025) | 5.0% | Jaipur, Rajasthan, India | |||
| Alvita Pharma Private Limited | ₹119.83 Cr (FY 2024) | 7.0% | Ahmedabad, Gujarat, India | |||
| M J Biopharm Private Limited | ₹119.1 Cr (FY 2017) | 9.0% | Mumbai, Maharashtra, India | |||
| Pell Tech Health Care Private Limitedthis company | ₹118.72 Cr (FY 2025) | ₹6.7 Cr | 5.6% | 16.0% | 218 | Thane, Maharashtra, India |
| Ronak Healthcare Private Limited | ₹118.43 Cr (FY 2025) | 79.0% | Vadodara, Gujarat, India | |||
| Zen Pharma Private Limited | ₹118.25 Cr (FY 2022) | 24.0% | Mumbai, Maharashtra, India | |||
| Anglo-French Drugs & Industries Limited | ₹117.99 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Bioaltus Pharmaceuticals Private Limited | ₹117.77 Cr (FY 2025) | 26.0% | Thane, Maharashtra, India | |||
| Westcoast Pharmaceutical Works Limited | ₹117.56 Cr (FY 2024) | -3.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Pell Tech Health Care Private Limited, buy the company report.
Auditor
Pell Tech Health Care Private Limited is audited by S. MADANMAL MEHTA & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. MADANMAL MEHTA & CO | FY 2024 | 105701W |
Shareholding
The shareholding of Pell Tech Health Care 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 Pell Tech Health Care Private Limited, buy the company report.
Charges & borrowings
Open charges
₹49.68 Cr
Satisfied charges
₹50.03 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Sep 2025 | 101193744 | Hdfc Bank Limited | ₹48 Lakh | Open | |
| 30 May 2025 | 101102269 | Axis Bank Limited | ₹19.13 Lakh | Open | |
| 22 Oct 2024 | 101005668 | Others | ₹14 Lakh | Open | |
| 08 Jan 2024 | 100851462 | Axis Bank Limited | ₹26.2 Lakh | Open | |
| 16 Dec 2022 | 100660133 | Axis Bank Limited | ₹2 Cr | Open |
To see the full charge records of Pell Tech Health Care Private Limited, buy the company report.
Total charge records: 32 View all charges
Deals & funding
Pell Tech Health Care Private Limited has 10 deals on record (6 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹3.99 Cr; the latest was in March 2021.
Total deals
10
Funding rounds
6
Secondary share transfers
3
Rights issue
1
Disclosed funding
₹3.99 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Sunderji M Shah HUF, Prashant Shah HUF, 2 individuals |
| Mar 2017 | Rights issue | ₹1 Cr | Investors: 4 individuals |
| Mar 2016 | Funding round | ₹50 Lakh | Investors: Dharmesh Shah HUF, an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Dharmesh Shah HUF |
| Mar 2016 | Funding round | ₹50 Lakh | Investors: 4 individuals |
To see the full deal history of Pell Tech Health Care Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pell Tech Health Care Private Limited has 18 court cases on record: 6 filed by Pell Tech Health Care, 12 filed against it. 4 cases are pending and 14 are disposed.
Total cases
18
Filed by the company
6
Filed against the company
12
Pending
4
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 12 | 3 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Cri.Appeal) | Filed against the company by M/S Vexta Laboratories Pvt Ltd and 1 Anr (43Rd Borivali Mumbai) | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Criminal miscellaneous application | Filed against the company by M/S Vexta Laboratories Pvt Ltd and 1 Anr (43Rd Borivali Mumbai) and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Vexta Laboratories Pvt Ltd and Other and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against Vexta Laboratories Pvt Ltd and 2 others | Disposed |
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
To see the full case history of Pell Tech Health Care 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
Pell Tech Health Care Private Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 345 overdue payments to 42 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 42)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| SRP Pharma Foil Printing | |||
| an individual supplier | |||
| Avita Poly Films Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Pell Tech Health Care Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Pell Tech Health Care Private Limited has a workforce of 218 employees on its EPFO records as of Mar 11, 2025, across 1 active EPFO establishment.
Employee count
218
Active EPFO establishments
1
Employee growth
30.54%
GST
Pell Tech Health Care has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP4744N1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pell Tech Health Care Private Limited, buy the company report.
Recent activity
Pell Tech Health Care Private Limited has 10 board changes on record since 2003: 3 appointments and 7 cessations. The latest: Neepa Shah Dharmesh ceased to be Director on 31 Aug 2025.
AGM
Pell Tech Health Care Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.48 Cr with Charge ID 101193744 was registered on 20 Sep 2025.
Ceased
Neepa Shah Dharmesh ceased to be Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.19 Cr with Charge ID 101102269 was registered on 30 May 2025.
Filing
Pell Tech Health Care Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 0.14 Cr with Charge ID 101005668 was registered on 22 Oct 2024.
Charges
A charge with Axis Bank Limited of Rs. 24.51 Cr registered on 15 Mar 2016 with Charge ID 100021243 was modified on 16 Jul 2024.
Charges
A charge registered on 10 Jul 2020 via Charge ID 100360952 with Others was fully satisfied on 21 Feb 2024.
Charges
A charge registered on 23 Apr 2019 via Charge ID 100259891 with Others was fully satisfied on 21 Feb 2024.
Charges
A charge registered on 20 Dec 2018 via Charge ID 100232439 with Others was fully satisfied on 21 Feb 2024.
Charges
A charge registered on 28 Sep 2018 via Charge ID 100229279 with Others was fully satisfied on 21 Feb 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.26 Cr with Charge ID 100851462 was registered on 08 Jan 2024.
64 earlier events are in the company report.
Frequently asked questions
Pell Tech Health Care is an active private limited company based in Thane, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 04 August 2003 (23+ years old) and is registered under CIN U24230MH2003PTC141586.
Pell Tech Health Care has 3 current directors:
- Dharmesh Sunderji Shah - Director
- Neepa Shah Dharmesh - Director
- Harnil Dharmesh Shah - Director
The latest financial statements of Pell Tech Health Care 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 Pell Tech Health Care is 27AADCP4744N1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of Pell Tech Health Care is U24230MH2003PTC141586. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pell Tech Health Care has 18 court cases on record: 6 filed by the company and 12 filed against it. 4 are pending. Most are in the district courts.
Pell Tech Health Care was incorporated on 04 August 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Pell Tech Health Care has 10 deals on record (6 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹3.99 Cr; the latest was in March 2021.
The peers of Pell Tech Health Care by revenue are Ananta Medicare Limited, Amol Pharmaceuticals Private Limited, Alvita Pharma Private Limited, M J Biopharm Private Limited, Ronak Healthcare Private Limited and 4 more, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Neepa Shah Dharmesh ceased to be Director on 31 Aug 2025. Amita Bhushan Karnik ceased to be Director on 30 Apr 2023. Harnil Dharmesh Shah ceased to be Additional Director on 30 Nov 2021. Pell Tech Health Care has 10 board changes on record in total.
Yes, Pell Tech Health Care is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0003267).
Pell Tech Health Care has 8 MSME Form 1 returns on record between 2019 and 2023, listing 345 overdue payments to 42 micro and small suppliers. The latest return was filed on 18 Dec 2023.
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