About Pi Health Sciences Limited
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Pi Health Sciences Limited is a public limited company based in Udaipur, Rajasthan, India, a subsidiary of Pi Industries Limited. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 03 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U24290RJ2021PLC076803. Its GSTIN is 08AAMCP2623D1ZK (Rajasthan). The company holds 7 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹441 Cr. It is led by directors including Arunabha Raychaudhuri (Whole-Time Director) and Rajnish Sarna.
Its last annual general meeting (AGM) was held on 04 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Udaisagar Road, Udaipur, Rajasthan, India – 313001.
As per the financials filed for FY 2025, the company reported a revenue of ₹246.7 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹245.51 Cr (net margin -99.5%) and EBITDA of -₹163.27 Cr (EBITDA margin -66.2%). Revenue has grown at a compounded annual rate (CAGR) of 904% over three years.
The company has about 137 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: PI Health Sciences.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pihealthsciences.com.
Company details
Contact details
Pi Health Sciences Limited's registered office is in Udaipur, Rajasthan. Its website is pihealthsciences.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUdaisagar Road, Udaipur, Rajasthan, India – 313001
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Pi Health Sciences 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
Pi Health Sciences operates one associated brand: PI Health Sciences. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in CRO and CDMO services for medicinal chemistry and API manufacturing. | pihealthsciences.com |
Business activity
The main business activity of Pi Health Sciences 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 Pi Health Sciences Limited, buy the company report.
Financials of Pi Health Sciences Limited
FY 2025 filings availablePi Health Sciences Limited reported revenue of ₹246.7 Cr (down 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 23% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 904%. EBITDA fell 393% 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 |
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| EBITDA | -₹163.27 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹245.51 Cr | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -66.2% | |||
| Net Profit Margin | -99.5% | |||
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To see the full financial statements and ratios of Pi Health Sciences Limited, buy the company report.
Board of directors and KMP of Pi Health Sciences Limited
Pi Health Sciences Limited currently reports 7 directors and 1 key managerial person. 2 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajnish Sarna Also directs: Pi Industries Limited, Pi Fermachem Private Limited, Pi Bioferma Private Limited and 3 more | Director | 03 Sep 2021 | 5 Years 2 Months | Current |
| Mayank Singhal Also directs: Singen Ventures Limited Liability Partnership, Singen Realty LLP, Pi Industries Limited and 2 more | Director | 03 Sep 2021 | 5 Years 2 Months | Current |
| Tanjore Soundararajan Balganesh Also directs: Pi Industries Limited, Gangagen Biotechnologies Private Limited, Byonox Private Limited and 3 more | Director | 03 Mar 2022 | 4 Years 8 Months | Current |
| Narayan Keelveedhi Seshadri Also directs: Pi Industries Limited, Tranzmute Business Advisory LLP, Lindner Properties Limited Liability Partnership and 5 more | Director | 03 Mar 2022 | 4 Years 8 Months | Current |
| Arunabha Raychaudhuri Also directs: Pi Life Science Research Limited | Whole-Time Director | 05 Jul 2024 | 2 Years 4 Months | Current |
| Suman Gopalan Also directs: Kaleidofin Private Limited | Director | 03 Aug 2024 | 2 Years 3 Months | Current |
Peer comparison
Pi Health Sciences Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| SP Accure Labs Private Limited | ₹247.88 Cr (FY 2024) | 36.0% | Hyderabad, Telangana, India | |||
| Basf Performance Polyamides India Private Limited | ₹246.86 Cr (FY 2019) | 42.0% | Mumbai, Maharashtra, India | |||
| Rex-Tone Industries Limited | ₹246.85 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Aet Laboratories Private Limited | ₹246.84 Cr (FY 2025) | 15.0% | Sangareddy, Telangana, India | |||
| Icpa Health Products Ltd | ₹246.81 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Pi Health Sciences Limitedthis company | ₹246.7 Cr (FY 2025) | -₹245.51 Cr | -99.5% | -23.0% | 137 | Udaipur, Rajasthan, India |
| Eftec (India) Private Limited | ₹245.8 Cr (FY 2025) | 1.0% | Shirur, Maharashtra, India | |||
| V.V.Titanium Pigments Private Limited | ₹245.59 Cr (FY 2025) | 13.0% | Tirunelveli, Tamil Nadu, India | |||
| Vivek Pharmachem (India) Limited | ₹245.53 Cr (FY 2025) | -8.0% | Jaipur, Rajasthan, India | |||
| Nichino Chemical India Private Limited | ₹244.6 Cr (FY 2021) | 39.0% | Hyderabad, Telangana, India | |||
| Bio-Gen Extracts Private Limited | ₹243.99 Cr (FY 2025) | 12.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Pi Health Sciences Limited, buy the company report.
Auditor
Pi Health Sciences Limited is audited by SS KOTHARI MEHTA & COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SS KOTHARI MEHTA & COMPANY | FY 2023 | 000756N |
Shareholding
The shareholding of Pi Health Sciences Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Pi Health Sciences Limited, buy the company report.
Legal cases
No court or tribunal cases involving Pi Health Sciences Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pi Health Sciences Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pi Health Sciences Limited has a workforce of 137 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Pi Health Sciences has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAMCP2623D1ZK | Rajasthan | Active | 13 Sep 2021 |
| 36AAMCP2623D1ZL | Telangana | Active | 04 Oct 2022 |
| 06AAMCP2623D1ZO | Haryana | Active | 15 Dec 2022 |
| 27AAMCP2623D1ZK | Maharashtra | Active | 26 Jul 2023 |
To see the full GST registrations and return filing status of Pi Health Sciences Limited, buy the company report.
Recent activity
Pi Health Sciences Limited has 12 board changes on record since 2021: 10 appointments and 2 cessations. The latest: Atulkumar Virendrakumar Gupta was appointed as Director on 03 Aug 2024.
3 earlier events are in the company report.
Frequently asked questions
Pi Health Sciences is an active public limited company based in Udaipur, Rajasthan, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 03 September 2021 (5+ years old) and is registered under CIN U24290RJ2021PLC076803.
Pi Health Sciences has 8 current directors and KMP:
- Arunabha Raychaudhuri - Whole-Time Director
- Rajnish Sarna - Director
- Mayank Singhal - Director
- Tanjore Soundararajan Balganesh - Director
- Narayan Keelveedhi Seshadri - Director
- Suman Gopalan - Director
- Atulkumar Virendrakumar Gupta - Director
- Ankit Nayyar - Cfo
The latest financial statements of Pi Health Sciences on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 August 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Pi Health Sciences is 08AAMCP2623D1ZK, registered in Rajasthan. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 36AAMCP2623D1ZL (Telangana), 06AAMCP2623D1ZO (Haryana), 27AAMCP2623D1ZK (Maharashtra).
The CIN (Corporate Identification Number) of Pi Health Sciences is U24290RJ2021PLC076803. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pi Health Sciences was incorporated on 03 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Pi Health Sciences by revenue are SP Accure Labs Private Limited, Basf Performance Polyamides India Private Limited, Rex-Tone Industries Limited, Aet Laboratories Private Limited, Icpa Health Products Ltd and 5 more, all in the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Atulkumar Virendrakumar Gupta was appointed as Director on 03 Aug 2024. Suman Gopalan was appointed as Director on 03 Aug 2024. Anil Kumar Jain ceased to be Managing Director on 05 Jul 2024. Pi Health Sciences has 12 board changes on record in total.
Pi Health Sciences can be reached through the website pihealthsciences.com. Its registered office is in Udaipur, Rajasthan, India.
The registered office of Pi Health Sciences is at Udaisagar Road, Udaipur, Rajasthan, India – 313001.
Pi Health Sciences operates in the pharma industry, in the drug formulation and development segment.
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