About Polydrug Laboratories Private Limited
Data last updated:
Polydrug Laboratories Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 28 July 2004.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24231MH2004PTC147729. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.04 Cr. It was formerly known as Polydrug Laboratories India Private Limited. It was led by directors Punit Chunilal Thakrar (Managing Director) and Bina Punit Thakrar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Marathon Futurex A – 704(A) 7th Floor Mafatlal Mill Compound N M Joshi Marg, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2024, the company reported a revenue of ₹41.72 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹16.16 Cr (net margin 38.7%) and EBITDA of ₹18.69 Cr (EBITDA margin 44.8%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 1% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹55.33 Cr on record. Court records list 10 cases involving the company, including 7 filed by the company and 2 filed against it.
The last known website on record is polydrug.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressMarathon Futurex A – 704(A) 7th Floor Mafatlal Mill Compound N M Joshi Marg, Mumbai, Maharashtra, India – 400013
- IndustryPharma, API Manufacturers
- 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 Polydrug Laboratories Private Limited
The main business activity of Polydrug Laboratories 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 Polydrug Laboratories Private Limited FY 2024 filings available
Polydrug Laboratories Private Limited reported revenue of ₹41.72 Cr (up 238% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Polydrug Laboratories Private Limited
Revenue rose 238% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 300% 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 Polydrug Laboratories Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹41.72 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹18.69 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹16.16 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 Polydrug Laboratories Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 44.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 38.7% | •••• | •••• | •••• | •••• |
| 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 Polydrug Laboratories 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.
Board of Directors of Polydrug Laboratories Private Limited
Polydrug Laboratories has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bina Punit Thakrar Also directs: Polydrug Laboratories LLP | Director | 01 Dec 2010 | 15 Years 10 Months | As last reported |
| Punit Chunilal Thakrar | Managing Director | 28 Jul 2004 | 22 Years 2 Months | As last reported |
Peer Comparison of Polydrug Laboratories Private Limited
Polydrug Laboratories Private Limited is compared with the companies closest to it by revenue in the Pharma industry (API Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Basic Pharma Life Science Private Limited | ₹42.57 Cr (FY 2024) | •••• | •••• | -24.0% | •••• | Bharuch, Gujarat, India |
| Allastir Private Limited | ₹42.05 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Chennai, Tamil Nadu, India |
| Keshar Emulsion Private Limited | ₹41.86 Cr (FY 2024) | •••• | •••• | -23.0% | •••• | Ahmedabad, Gujarat, India |
| Hi Tech Biosciences India Private Limited | ₹41.75 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Pune, Maharashtra, India |
| Jai Lara Drugs Private Limited | ₹41.75 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Hyderabad, Telangana, India |
| Polydrug Laboratories Private Limited this company | ₹41.72 Cr (FY 2024) | •••• | •••• | 238.0% | •••• | Mumbai, Maharashtra, India |
| Phanicare Pharmaceuticals Private Limited | ₹41.7 Cr (FY 2024) | •••• | •••• | -18.0% | •••• | Hyderabad, Telangana, India |
| Qualikems Lifesciences Private Limited | ₹41.7 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Vadodara, Gujarat, India |
| Accrete Pharmaceuticals Private Limited | ₹41.49 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Hyderabad, Telangana, India |
| Assurgen Pharma Private Limited | ₹41.36 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Elixir Pharma Chem Private Limited | ₹41.04 Cr (FY 2025) | •••• | •••• | 86.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Polydrug Laboratories by revenue in the Pharma industry (API Manufacturers), 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 Polydrug Laboratories Private Limited
Polydrug Laboratories Private Limited is audited by Shah Modi Katudia & Co. LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Shah Modi Katudia & Co. LLP | 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.
Ownership and Shareholding of Polydrug Laboratories 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 Polydrug Laboratories Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Feb 2013 | Axis Bank Limited | ₹3.5 Cr | Satisfied |
| 12 Feb 2013 | Tamilnad Mercantile Bank Limited | ₹1.46 Cr | Satisfied |
| 24 Apr 2012 | Tamilnad Mercantile Bank Limited | ₹1 Cr | Satisfied |
| 23 Jan 2012 | Tamilnad Mercantile Bank Limited | ₹5.5 Cr | Satisfied |
| 17 Jan 2012 | Tamilnad Mercantile Bank Limited | ₹5.54 Cr | Satisfied |
Total charge records: 18 View all charges
Legal Cases of Polydrug Laboratories Private Limited
Polydrug Laboratories Private Limited has 10 court cases on record: 7 filed by Polydrug Laboratories, 2 filed against it, 1 where it is another party. All cases are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 0 |
| District courts | 5 | 2 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMMP) | Filed by the company against an individual | Disposed |
| Bombay High Court | Court case (COMMP) | Filed by the company against individuals | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed against the company by an individual | Disposed |
| District court, Rangareddy, Telangana | Execution petition | Filed by the company against Cheminnova Pharmaceuticals | Disposed |
Full case history
All 10 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.
MSME Payment Delays by Polydrug Laboratories Private Limited
Polydrug Laboratories Private Limited has 8 MSME Form 1 returns on record between 2020 and 2023, listing 58 overdue payments to 37 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 37)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Precision Adhesive Tapes Private Limited | •••• | •••• | •••• |
| Aristo Raw Pharma Private Limited | •••• | •••• | •••• |
| Archk Pharma Co | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 8 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Polydrug Laboratories Private Limited
Polydrug Laboratories Private Limited has a workforce of 5 employees as of Feb 13, 2026.
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 Polydrug Laboratories Private Limited
Polydrug Laboratories Private Limited has 7 board changes on record since 2004: 2 appointments and 5 cessations. The latest: Punit Chunilal Thakrar ceased to be Managing Director on 31 Mar 2019.
40 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Polydrug Laboratories 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.
Subsidiaries & Group Companies of Polydrug Laboratories 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 Polydrug Laboratories Private Limited
Polydrug Laboratories has 1 GST registration on record, and it has been cancelled or is 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 Polydrug Laboratories 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 Polydrug Laboratories Private Limited
Polydrug Laboratories has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Polydrug Laboratories was a private limited company based in Mumbai, Maharashtra, India. The company worked in api manufacturers, within the pharma industry. It was incorporated on 28 July 2004 and is registered under CIN U24231MH2004PTC147729. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Polydrug Laboratories is U24231MH2004PTC147729. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polydrug Laboratories had 2 directors:
- Punit Chunilal Thakrar - Managing Director
- Bina Punit Thakrar - Director
Polydrug Laboratories was incorporated on 28 July 2004. It is registered with the Registrar of Companies, Mumbai.
Polydrug Laboratories can be reached through the website polydrug.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Polydrug Laboratories is at Marathon Futurex A – 704A 7th Floor Mafatlal Mill Compound N M Joshi Marg, Mumbai, Maharashtra, India – 400013.
Polydrug Laboratories reported revenue of ₹41.72 Cr for FY 2024 (up 238% YoY).
Polydrug Laboratories has an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.04 Cr.
Polydrug Laboratories reported a net profit of ₹16.16 Cr (net margin 38.7%) and EBITDA of ₹18.69 Cr (EBITDA margin 44.8%) for FY 2024, as per its filed financial statements.
No. Polydrug Laboratories has 1 GST registration on record and it is cancelled or inactive.
Polydrug Laboratories operated in the pharma industry, in the api manufacturers segment.