MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0218995
Pragmatic Labs Private Limited - pharma in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.73 Cr
▼ 2% YoY
Net profit · FY 2025
₹9.51 Lakh
Net margin 5.5%
EBITDA · FY 2025
₹15.75 Lakh
EBITDA margin 9.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹25 Lakh
Secured borrowings
Company age
16 yrs
Est. 2010
Employees · EPFO
8
Provident fund records
About Pragmatic Labs Private Limited
Data last updated:
Pragmatic Labs Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 08 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24231KA2010PTC052403. Its GSTIN is 29AAFCP6656D1Z6 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Siddaramaswami Veerasomayya Balihallimath (Managing Director) and Renukaprasad Veerasomayya Balihallimath.
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 is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.73 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹9.51 Lakh (net margin 5.5%) and EBITDA of ₹15.75 Lakh (EBITDA margin 9.1%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 3% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25 Lakh on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it.
Pragmatic Labs Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0218995). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pragmaticlabspvtltd.com.
Company Details of Pragmatic Labs Private Limited
CIN U24231KA2010PTC052403
Registration Number 052403
Incorporation Date 08 February 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0218995
Key People
Siddaramaswami Veerasomayya Balihallimath Managing Director Renukaprasad Veerasomayya Balihallimath Director Recognitions & Rankings of Pragmatic Labs
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo 286 1st Stage 6th Phase, Near West Of Chord Road, Bangalore, Karnataka, India – 560010
- IndustryPharma, Pharmaceutical Retailers & Distributors
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Business Activity of Pragmatic Labs Private Limited
The main business activity of Pragmatic Labs 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Pragmatic Labs Private Limited FY 2024 filings available
Pragmatic Labs Private Limited reported revenue of ₹1.73 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹1.73 Cr ▼ 2%
Net profit · FY 2025
₹9.51 Lakh margin 5.5%
EBITDA · FY 2025
₹15.75 Lakh margin 9.1%
Compounded Annual Growth Rate (CAGR) of Pragmatic Labs Private Limited
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▼ 2%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 2%
5 years · compounded
▲ 3%
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 29% 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 Pragmatic Labs Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹15.75 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.51 Lakh | •••• | •••• | •••• | •••• |
| 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 Pragmatic Labs Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.5% | •••• | •••• | •••• | •••• |
| 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 Pragmatic Labs are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Pragmatic Labs Private Limited
Pragmatic Labs has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Renukaprasad Veerasomayya Balihallimath | Director | 12 Apr 2012 | 14 Years 6 Months | Current |
| Siddaramaswami Veerasomayya Balihallimath | Managing Director | 08 Feb 2010 | 16 Years 8 Months | Current |
Peer Comparison of Pragmatic Labs Private Limited
Pragmatic Labs Private Limited is compared with the companies closest to it by revenue in the Pharma industry (Pharma Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Surecare Pharma Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Nilachala Medi Point Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | 90.0% | •••• | Bhubaneswar, Odisha, India |
| Medicate International Private Limited | ₹1.74 Cr (FY 2024) | •••• | •••• | -36.0% | •••• | New Delhi, Delhi, India |
| Dhiti Biotech (India) Private Limited | ₹1.74 Cr (FY 2024) | •••• | •••• | -89.0% | •••• | New Delhi, Delhi, India |
| Milestone Medical & Surgical Solution Private Limited | ₹1.73 Cr (FY 2025) | •••• | •••• | •••• | Lucknow, Uttar Pradesh, India | |
| Pragmatic Labs Private Limited this company | ₹1.73 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Bangalore, Karnataka, India |
| Sri Vijaya Medicals Private Limited | ₹1.73 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Chennai, Tamil Nadu, India |
| Doyo Remedies Private Limited | ₹1.73 Cr (FY 2024) | •••• | •••• | 43.0% | •••• | Zirakpur, Punjab, India |
| Nexba Healthcare Marketing & Services Private Limited | ₹1.73 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Kanayannur, Kerala, India |
| Interpharm Biotech Private Limited | ₹1.73 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Vadodara, Gujarat, India |
| Reborn Exports Private Limited | ₹1.73 Cr (FY 2024) | •••• | •••• | 598.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Pragmatic Labs by revenue in the Pharma industry (Pharma Retail and Distribution), 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 Pragmatic Labs Private Limited
Pragmatic Labs Private Limited is audited by R RAJANNA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| R RAJANNA & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Pragmatic Labs Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Pragmatic Labs Private Limited
Open charges
₹25 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jan 2014 | Bank of India | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Pragmatic Labs Private Limited
Pragmatic Labs Private Limited has 6 court cases on record: 2 filed by Pragmatic Labs, 4 filed against it. All cases are disposed.
Total cases
6
Filed by the company
2
Filed against the company
4
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 0 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| High Court, TAMIL NADU | Original application | Filed against the company by M/S. Fourrts (India) | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S. Fourrts (India) Laborator | Disposed |
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Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Pragmatic Labs Private Limited
Pragmatic Labs Private Limited has a workforce of 8 employees as of Apr 06, 2024.
Employee count
8
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Pragmatic Labs Private Limited
Pragmatic Labs Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Siddaramaswami Veerasomayya Balihallimath ceased to be Director on 21 Apr 2016.
AGM
Pragmatic Labs Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Pragmatic Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Siddaramaswami Veerasomayya Balihallimath ceased to be Director.
Ceased
Byadagere Kariyappa Krishnamurthy ceased to be Additional Director.
Ceased
Prasad Jayaraam ceased to be Additional Director.
Ceased
Bhojaraja Ballekere Gurubasavaiah ceased to be Director.
Charges
A charge with Bank Of India amounted to Rs. 25.00 Lakh with Charge ID 10509606 was registered on 17 Jan 2014.
Appointed
Renukaprasad Veerasomayya Balihallimath was appointed as Director.
Appointed
Siddaramaswami Veerasomayya Balihallimath was appointed as Managing Director.
Incorporation
08 Feb 2010
Pragmatic Labs Private Limited was registered on 08 Feb 2010 with Roc Bangalore & aged 16 years 8 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Pragmatic Labs Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Pragmatic Labs Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Pragmatic Labs Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Pragmatic Labs Private Limited
Pragmatic Labs has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCP6656D1Z6 | Karnataka | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Pragmatic Labs Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Pragmatic Labs Private Limited
Pragmatic Labs is an active private limited company based in Bangalore, Karnataka, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 08 February 2010 (16+ years old) and is registered under CIN U24231KA2010PTC052403.
Pragmatic Labs reported revenue of ₹1.73 Cr for FY 2025 (down 2% YoY).
Pragmatic Labs has 2 current directors:
- Siddaramaswami Veerasomayya Balihallimath - Managing Director
- Renukaprasad Veerasomayya Balihallimath - Director
Pragmatic Labs reported a net profit of ₹9.51 Lakh (net margin 5.5%) and EBITDA of ₹15.75 Lakh (EBITDA margin 9.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pragmatic Labs is -2% over three years and 3% over five years. In the latest year (FY 2025) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pragmatic Labs is 29AAFCP6656D1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Pragmatic Labs is U24231KA2010PTC052403. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragmatic Labs has 6 court cases on record: 2 filed by the company and 4 filed against it. Most are in the district courts.
Pragmatic Labs was incorporated on 08 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Pragmatic Labs by revenue are Surecare Pharma Private Limited, Nilachala Medi Point Private Limited, Medicate International Private Limited, Dhiti Biotech (India) Private Limited, Milestone Medical & Surgical Solution Private Limited and 5 more, all in the Pharma industry (Pharma Retail and Distribution).
Siddaramaswami Veerasomayya Balihallimath ceased to be Director on 21 Apr 2016. Byadagere Kariyappa Krishnamurthy ceased to be Additional Director on 30 Sep 2014. Prasad Jayaraam ceased to be Additional Director on 30 Sep 2014. Pragmatic Labs has 6 board changes on record in total.