MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-09-0006256
Prashanti Formulations Limited
Prashanti Formulations Limited - pharma in Hoshiarpur, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹29.89 Cr
▼ 26% YoY
Net profit · FY 2025
₹3.37 Cr
Net margin 11.3%
EBITDA · FY 2025
₹5.62 Cr
EBITDA margin 18.8%
Authorised capital
₹2.06 Cr
Registered with MCA
Paid-up capital
₹2.06 Cr
Issued & subscribed
Open charges
₹10.95 Cr
Satisfied ₹76.4 Lakh
Company age
27 yrs
Est. 1999
Employees · EPFO
211
Provident fund records
About Prashanti Formulations Limited
Data last updated:
Prashanti Formulations Limited is a public limited company based in Hoshiarpur, Punjab, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 22 April 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U24231PB1999PLC022495. Its GSTIN is 03AAECP0274A1Z5 (Punjab).
The company has an authorised share capital of ₹2.06 Cr and a paid-up capital of ₹2.06 Cr. It is led by directors including Sawtantar Kumar Tewari (Managing Director) and Adwaita Tewari (Whole-Time Director).
Its last annual general meeting (AGM) was held on 08 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Nangal Shaheedan 6th Km Chandigarh Road Hoshiarpur, Punjab, India – 146001.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.89 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹3.37 Cr (net margin 11.3%) and EBITDA of ₹5.62 Cr (EBITDA margin 18.8%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 1% over five years.
The company has about 211 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.95 Cr and satisfied charges of ₹76.4 Lakh on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
Prashanti Formulations Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-09-0006256). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24231PB1999PLC022495
Registration Number 022495
Incorporation Date 22 April 1999
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 08 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-09-0006256
CIN history
Prashanti Formulations has one previous CIN (Corporate Identification Number): L24231PB1999PLC022495. The current CIN is U24231PB1999PLC022495, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24231PB1999PLC022495 | Current |
| L24231PB1999PLC022495 | Previous |
Key People
Sawtantar Kumar Tewari Managing Director Adwaita Tewari Whole-Time Director Neeti Passi Director Recognitions & Rankings of Prashanti Formulations
Contact details
Prashanti Formulations Limited's registered office is in Hoshiarpur, Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressNangal Shaheedan 6th Km Chandigarh Road Hoshiarpur, Punjab, India – 146001
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Prashanti Formulations Limited, buy the company report.
Comprehensive company report
Prashanti Formulations 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 Prashanti Formulations 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 Prashanti Formulations Limited, buy the company report.
Financials of Prashanti Formulations Limited
FY 2025 filings availablePrashanti Formulations Limited reported revenue of ₹29.89 Cr (down 26% YoY) for FY 2025.
Revenue · FY 2025
₹29.89 Cr ▼ 26%
Net profit · FY 2025
₹3.37 Cr margin 11.3%
EBITDA · FY 2025
₹5.62 Cr margin 18.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 26%
3 years · compounded
▼ 8%
5 years · compounded
▲ 1%
EBITDA CAGR growth
3 years · compounded
▲ 11%
5 years · compounded
▲ 21%
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. 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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| Total Expenses | |||||
| EBITDA | ₹5.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.37 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 18.8% | ||||
| Net Profit Margin | 11.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Prashanti Formulations Limited, buy the company report.
Board of directors of Prashanti Formulations Limited
Prashanti Formulations has 7 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeti Passi | Director | 29 Sep 2002 | 24 Years 0 Months | Current |
| Sunaina Dutta | Director | 24 Sep 2001 | 25 Years 1 Months | Current |
| Adwaita Tewari Also directs: Vetsfarma Limited | Whole-Time Director | 24 Sep 2001 | 25 Years 1 Months | Current |
| Usha Tewari Also directs: Vetsfarma Limited | Director | 23 Feb 2012 | 14 Years 8 Months | Current |
| Sawtantar Kumar Tewari | Managing Director | 22 Apr 1999 | 27 Years 6 Months | Current |
| Gaurav Tiwari Also directs: Vetsfarma Limited | Director | 22 Apr 1999 | 27 Years 6 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Prashanti Formulations Limited is compared with the 7 companies closest to it by revenue in the Pharma industry (Animal Pharma, Formulations), 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 |
|---|---|---|---|---|---|---|
| Spen Formulations Pvt Ltd | ₹29.98 Cr (FY 2025) | -8.0% | Himachal Pradesh, India | |||
| Ridley Life Science Private Limited | ₹29.98 Cr (FY 2024) | -28.0% | Delhi, India | |||
| Impact Healthcare Private Limited | ₹29.98 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Prashanti Formulations Limitedthis company | ₹29.89 Cr (FY 2025) | ₹3.37 Cr | 11.3% | -26.0% | 211 | Hoshiarpur, Punjab, India |
| Apex Formulations Private Limited | ₹29.85 Cr (FY 2025) | 25.0% | Ahmedabad, Gujarat, India | |||
| Goa Antibiotics and Pharmaceuticals Limited | ₹29.84 Cr (FY 2025) | 26.0% | Goa, India | |||
| Kedar Janani Chemplast Private Limited | ₹29.84 Cr (FY 2025) | 26.0% | Mumbai, Maharashtra, India | |||
| Psyco Remedies Limited | ₹29.82 Cr (FY 2025) | 3.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Prashanti Formulations Limited, buy the company report.
Auditor
Prashanti Formulations Limited is audited by CHANDRA KIRAN & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDRA KIRAN & CO. | FY 2022 | 084727 |
Shareholding
The shareholding of Prashanti Formulations Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Prashanti Formulations Limited, buy the company report.
Charges & borrowings
Open charges
₹10.95 Cr
Satisfied charges
₹76.4 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Nov 2016 | 100063903 | State Bank of India | ₹3.96 Cr | Open | |
| 30 Jul 2003 | 90172981 | State Bank of India | ₹6.99 Cr | Open | |
| 14 Aug 2018 | 100200453 | State Bank of India | ₹12.4 Lakh | Satisfied | |
| 30 Jul 2003 | 90175423 | State Bank of India | ₹14 Lakh | Satisfied | |
| 05 Nov 1999 | 90173715 | Statebank of India | ₹25 Lakh | Satisfied |
To see the full charge records of Prashanti Formulations Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Prashanti Formulations Limited has 4 court cases on record: 3 filed by Prashanti Formulations, 1 filed against it. All cases are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kathua, Jammu and Kashmir | Court case (Release of Vehicle XX) | Filed by the company against an individual | Disposed |
| District court, Hoshiarpur, Punjab | Commercial suit | Filed against the company by Assistant Labour Commissioner | Disposed |
| District court, Hoshiarpur, Punjab | Appeal | Filed by the company against The Authority Under the Payment of Wages Act 1936 and Assistant Labour Commissioner | Disposed |
| District court, Jalandhar, Punjab | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Prashanti Formulations 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.
MSME payment delays
Prashanti Formulations Limited has 9 MSME Form 1 returns on record between 2019 and 2022, listing 179 overdue payments to 29 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 29)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Elmer Products Pvt Ltd | |||
| SGV Foils Private Limited | |||
| S.K Polypast, Amritsar | |||
| Mac Ayurcare, Gujarat | |||
| Pipe Masters Private Limited |
To see the full MSME payment records of Prashanti Formulations Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Prashanti Formulations Limited has a workforce of 211 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
211
Active EPFO establishments
1
Employee growth
-17.58%
GST
Prashanti Formulations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAECP0274A1Z5 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prashanti Formulations Limited, buy the company report.
Recent activity
Prashanti Formulations Limited has 10 board changes on record since 1999: 7 appointments and 3 cessations. The latest: Sukarn Tiwari ceased to be Additional Director on 23 Sep 2024.
Charges
A charge with State Bank Of India of Rs. 6.99 Cr registered on 30 Jul 2003 with Charge ID 90172981 was modified on 30 Jan 2026.
AGM
Prashanti Formulations Limited last Annual general meeting of members was held on 08 Sep 2025 as per latest MCA records.
Filing
Prashanti Formulations Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Ceased
Sukarn Tiwari ceased to be Additional Director.
Appointed
Sukarn Tiwari was appointed as Director.
Charges
A charge registered on 14 Aug 2018 via Charge ID 100200453 with State Bank Of India was fully satisfied on 20 Nov 2021.
Charges
A charge with State Bank Of India amounted to Rs. 0.12 Cr with Charge ID 100200453 was registered on 14 Aug 2018.
Charges
A charge with State Bank Of India of Rs. 3.96 Cr registered on 08 Nov 2016 with Charge ID 100063903 was modified on 27 May 2017.
Ceased
Gaurav Tiwari ceased to be Whole-Time Director.
Charges
A charge with State Bank Of India amounted to Rs. 3.96 Cr with Charge ID 100063903 was registered on 08 Nov 2016.
Charges
A charge registered on 30 Jul 2003 via Charge ID 90175423 with State Bank Of India was fully satisfied on 18 Mar 2014.
Charges
A charge registered on 05 Nov 1999 via Charge ID 90173715 with Statebank Of India was fully satisfied on 18 Mar 2014.
16 earlier events are in the company report.
Frequently asked questions
Prashanti Formulations is an active public limited company based in Hoshiarpur, Punjab, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 22 April 1999 (27+ years old) and is registered under CIN U24231PB1999PLC022495.
Prashanti Formulations has 7 current directors:
- Sawtantar Kumar Tewari - Managing Director
- Adwaita Tewari - Whole-Time Director
- Neeti Passi - Director
- Sunaina Dutta - Director
- Usha Tewari - Director
- Gaurav Tiwari - Director
- Sukarn Tiwari - Director
The latest financial statements of Prashanti Formulations on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Prashanti Formulations is 03AAECP0274A1Z5, registered in Punjab.
The CIN (Corporate Identification Number) of Prashanti Formulations is U24231PB1999PLC022495. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prashanti Formulations has 4 court cases on record: 3 filed by the company and 1 filed against it.
Prashanti Formulations was incorporated on 22 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Prashanti Formulations by revenue are Spen Formulations Pvt Ltd, Ridley Life Science Private Limited, Impact Healthcare Private Limited, Apex Formulations Private Limited, Goa Antibiotics and Pharmaceuticals Limited and 2 more, all in the Pharma industry (Animal Pharma, Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Sukarn Tiwari ceased to be Additional Director on 23 Sep 2024. Sukarn Tiwari was appointed as Director on 05 Feb 2024. Gaurav Tiwari ceased to be Whole-Time Director on 26 Apr 2017. Prashanti Formulations has 10 board changes on record in total.
Yes, Prashanti Formulations is registered as a small enterprise under Udyam registration (number: UDYAM-PB-09-0006256).
Prashanti Formulations has 9 MSME Form 1 returns on record between 2019 and 2022, listing 179 overdue payments to 29 micro and small suppliers. The latest return was filed on 17 Oct 2022.
The registered office of Prashanti Formulations is at Nangal Shaheedan 6th Km Chandigarh Road Hoshiarpur, Punjab, India – 146001.