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 The company has 1 GST registration on record, which is no longer active.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 3 filed against it.
The last known website on record is polydrug.com.
Company details
Contact details
Polydrug Laboratories Private Limited's registered office is in Mumbai, Maharashtra. Its website is polydrug.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Polydrug Laboratories 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
Business activity
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 | 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 Polydrug Laboratories Private Limited, buy the company report.
Financials of Polydrug Laboratories Private Limited
FY 2024 filings availablePolydrug Laboratories Private Limited reported revenue of ₹41.72 Cr (up 238% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Polydrug Laboratories Private Limited, buy the company report.
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
Polydrug Laboratories Private Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| 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 Limitedthis company | ₹41.72 Cr (FY 2024) | ₹16.16 Cr | 38.7% | 238.0% | 5 | 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 |
To see the full peer comparison of Polydrug Laboratories Private Limited, buy the company report.
Auditor
Polydrug Laboratories Private Limited is audited by Shah Modi Katudia & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah Modi Katudia & Co. LLP | FY 2024 | W100214 |
Shareholding
The shareholding of Polydrug Laboratories 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 Polydrug Laboratories Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Feb 2013 | 10408153 | Axis Bank Limited | ₹3.5 Cr | Satisfied | |
| 12 Feb 2013 | 10407036 | Tamilnad Mercantile Bank Limited | ₹1.46 Cr | Satisfied | |
| 24 Apr 2012 | 10351614 | Tamilnad Mercantile Bank Limited | ₹1 Cr | Satisfied | |
| 23 Jan 2012 | 10331260 | Tamilnad Mercantile Bank Limited | ₹5.5 Cr | Satisfied | |
| 17 Jan 2012 | 10331692 | Tamilnad Mercantile Bank Limited | ₹5.54 Cr | Satisfied |
To see the full charge records of Polydrug Laboratories Private Limited, buy the company report.
Total charge records: 18 View all charges
Legal cases
Polydrug Laboratories Private Limited has 10 court cases on record: 7 filed by Polydrug Laboratories, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 0 |
| High courts | 5 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMMP) | Filed by the company against Ipca Laboratories Ltd and 3 others | Disposed |
| High Court, MAHARASHTRA | 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 Ms Cheminnova Pharmaceuticals | Disposed |
To see the full case history of Polydrug Laboratories 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.
Credit ratings & regulatory alerts
Polydrug Laboratories Private Limited was last rated by Icra on 23 Feb 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 23 Feb 2018 |
To see the full credit ratings and regulatory alerts of Polydrug Laboratories Private Limited, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of Polydrug Laboratories Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Polydrug Laboratories Private Limited has a workforce of 5 employees on its EPFO records as of Feb 13, 2026, across 1 active EPFO establishment.
GST
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.
To see the full GST registrations and return filing status of Polydrug Laboratories Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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.
The latest financial statements of Polydrug Laboratories on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
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.
The peers of Polydrug Laboratories by revenue are Basic Pharma Life Science Private Limited, Allastir Private Limited, Keshar Emulsion Private Limited, Hi Tech Biosciences India Private Limited, Jai Lara Drugs Private Limited and 5 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Polydrug Laboratories has 8 MSME Form 1 returns on record between 2020 and 2023, listing 58 overdue payments to 37 micro and small suppliers. The latest return was filed on 14 Oct 2023.