MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0322261
Praise Pharmaceuticals Private Limited - pharma in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹17.31 Cr
▲ 26% YoY
Net profit · FY 2025
₹74.22 Lakh
Net margin 4.3%
EBITDA · FY 2025
₹1.27 Cr
EBITDA margin 7.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
77
Provident fund records
Directors on board
2
As per MCA filings
About Praise Pharmaceuticals Private Limited
Data last updated:
Praise Pharmaceuticals Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 01 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U24304PN2019PTC183868. Its GSTIN is 27AAKCP5246L1ZW (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Malgiga Jayakumar and Jayakumar Paul.
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 Sr No. 222 Hissa No. 6 Dhangarwasti Mahatma Phule Ngr Urali Dewachi, Pune, Maharashtra, India – 412308.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.31 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹74.22 Lakh (net margin 4.3%) and EBITDA of ₹1.27 Cr (EBITDA margin 7.4%). Revenue has grown at a compounded annual rate (CAGR) of 499% over five years.
The company has about 77 employees on its provident fund (EPFO) records.
Praise Pharmaceuticals Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0322261). For more details, the company can be reached via its website praisepharma.com.
Company details
CIN U24304PN2019PTC183868
Registration Number 183868
Incorporation Date 01 May 2019
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-MH-26-0322261
Recognitions & Rankings of Praise Pharmaceuticals
Contact details
Praise Pharmaceuticals Private Limited's registered office is in Pune, Maharashtra. Its website is praisepharma.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSr No. 222 Hissa No. 6 Dhangarwasti Mahatma Phule Ngr Urali Dewachi, Pune, Maharashtra, India – 412308
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Praise Pharmaceuticals Private Limited, buy the company report.
Comprehensive company report
Praise Pharmaceuticals 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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Business activity
The main business activity of Praise Pharmaceuticals is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Praise Pharmaceuticals Private Limited, buy the company report.
Financials of Praise Pharmaceuticals Private Limited
FY 2025 filings availablePraise Pharmaceuticals Private Limited reported revenue of ₹17.31 Cr (up 26% YoY) for FY 2025.
Revenue · FY 2025
₹17.31 Cr ▲ 26%
Net profit · FY 2025
₹74.22 Lakh margin 4.3%
EBITDA · FY 2025
₹1.27 Cr margin 7.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 26%
5 years · compounded
▲ 499%
EBITDA CAGR growth
1 year
▲ 32%
3 years · compounded
▲ 622%
5 years · compounded
▲ 335%
Revenue has grown at a compounded annual rate (CAGR) of 499% over five years, including 26% growth in the latest year. EBITDA rose 32% 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 |
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| EBITDA | ₹1.27 Cr | ||||
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| Net Profit (PAT) | ₹74.22 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.4% | ||||
| Net Profit Margin | 4.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Praise Pharmaceuticals Private Limited, buy the company report.
Board of directors of Praise Pharmaceuticals Private Limited
Praise Pharmaceuticals has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Malgiga Jayakumar Also directs: Pajuvir Pharma Private Limited | Director | 01 May 2019 | 7 Years 6 Months | Current |
| Jayakumar Paul Also directs: Pajuvir Pharma Private Limited | Director | 01 May 2019 | 7 Years 6 Months | Current |
Auditor
Praise Pharmaceuticals Private Limited is audited by ABHIJIT S. SATAV & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABHIJIT S. SATAV & CO. | FY 2022 | 131190W |
Shareholding
The shareholding of Praise Pharmaceuticals Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Praise Pharmaceuticals Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Praise Pharmaceuticals Private 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 Praise Pharmaceuticals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Praise Pharmaceuticals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCP5246L1ZW | Maharashtra | Active | 11 Apr 2022 |
To see the full GST registrations and return filing status of Praise Pharmaceuticals Private Limited, buy the company report.
Recent activity
Praise Pharmaceuticals Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Jayakumar Paul was appointed as Director on 01 May 2019.
AGM
Praise Pharmaceuticals Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Praise Pharmaceuticals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Appointed
Jayakumar Paul was appointed as Director.
Appointed
Malgiga Jayakumar was appointed as Director.
Incorporation
01 May 2019
Praise Pharmaceuticals Private Limited was registered on 01 May 2019 with Roc Pune & aged 7 years 6 months as per MCA records.
Frequently asked questions
Praise Pharmaceuticals is an active private limited company based in Pune, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 01 May 2019 (7+ years old) and is registered under CIN U24304PN2019PTC183868.
Praise Pharmaceuticals has 2 current directors:
- Malgiga Jayakumar - Director
- Jayakumar Paul - Director
The latest financial statements of Praise Pharmaceuticals 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 FY 2020 are in the company report.
The GSTIN of Praise Pharmaceuticals is 27AAKCP5246L1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Praise Pharmaceuticals is U24304PN2019PTC183868. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Praise Pharmaceuticals was incorporated on 01 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
Jayakumar Paul was appointed as Director on 01 May 2019. Malgiga Jayakumar was appointed as Director on 01 May 2019.
Yes, Praise Pharmaceuticals is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0322261).
Praise Pharmaceuticals can be reached through the website praisepharma.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Praise Pharmaceuticals is at Sr No. 222 Hissa No. 6 Dhangarwasti Mahatma Phule Ngr Urali Dewachi, Pune, Maharashtra, India – 412308.
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