Promed Laboratories Private Limited
About Promed Laboratories Private Limited
Data last updated:
Promed Laboratories Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 24 July 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U85195MP1971PTC001100. Its GSTIN is 23AABCP0410F1ZA (Madhya Pradesh).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.68 Cr. It is led by directors including Subhash Rijhwani and Mahesh Badlani.
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 Indore, Madhya Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.67 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹89.52 Lakh (net margin -53.6%) and EBITDA of -₹64.2 Lakh (EBITDA margin -38.4%). Revenue has grown at a compounded annual rate (CAGR) of 459% over three years and 45% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15 Lakh and satisfied charges of ₹17.96 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Promed Laboratories Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressG – 3A Shreenath Nitetan, 29 Snehlata Ganj, Indore, Madhya Pradesh, India – 452003
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Promed 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 Promed Laboratories 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 Promed Laboratories Private Limited, buy the company report.
Financials of Promed Laboratories Private Limited
FY 2025 filings availablePromed Laboratories Private Limited reported revenue of ₹1.67 Cr (up 671% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 671% growth in the latest year. EBITDA fell 315% 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 | -₹64.2 Lakh | ||||
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| Net Profit (PAT) | -₹89.52 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -38.4% | ||||
| Net Profit Margin | -53.6% | ||||
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To see the full financial statements and ratios of Promed Laboratories Private Limited, buy the company report.
Board of directors of Promed Laboratories Private Limited
Promed Laboratories has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Rijhwani Also directs: Pure Pharma Limited, Metfils Packaging Private Limited, Pro-Pharma Care Private Limited and 1 more | Director | 02 Mar 1994 | 32 Years 7 Months | Current |
| Mahesh Badlani Also directs: Pure Pharma Limited, Prochem Laboratories Pvt. Ltd., Prochem Pharmaceuticals Private Limited and 1 more | Director | 02 Mar 1994 | 32 Years 7 Months | Current |
| Pankaj Badlani Also directs: Pure Pharma Limited | Director | 01 Sep 2003 | 23 Years 1 Months | Current |
Auditor
Promed Laboratories Private Limited is audited by R.D. JOSHI & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.D. JOSHI & CO. | FY 2022 | 000848C |
Shareholding
The shareholding of Promed Laboratories Private 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 Promed Laboratories Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2025 | 101088171 | Hdfc Bank Limited | ₹15 Lakh | Open | |
| 09 Sep 2016 | 100058369 | Others | ₹3.75 Cr | Satisfied | |
| 06 Sep 2005 | 80048723 | Bank of Baroda | ₹8.3 Cr | Satisfied | |
| 28 Jul 2005 | 80048721 | Bank of Baroda | ₹5.91 Cr | Satisfied |
To see the full charge records of Promed Laboratories Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Promed Laboratories Private Limited has 6 court cases on record: 2 filed by Promed Laboratories, 4 filed against it. 2 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 4 | 4 | 0 |
| District courts | 2 | 0 | 2 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (EX AB) | Filed by the company against M/S Telemart Shopping Network Pvt Ltd. and 1 other | Pending |
| District court, Indore, Madhya Pradesh | Court case (UN CR) | Filed by the company against an individual | Pending |
| NCLT, Indore | Court case (COMP.APPL) | Filed against the company by individuals | Disposed |
| NCLT, Indore | Court case (COMP.APPL) | Filed against the company by individuals | Disposed |
| NCLT, Indore | Petition | Filed against the company by individuals | Disposed |
To see the full case history of Promed 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.
MSME payment delays
Promed Laboratories Private Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 5 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bhasin Packwell Pvt Ltd | |||
| Bee Pharmo Labs Private Limited | |||
| Sun Packaging | |||
| Manisha Analytical Laboratories Private Limited | |||
| Pharmaceutical Machinery Mfg Works |
To see the full MSME payment records of Promed Laboratories Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Promed Laboratories has 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
Employees & EPFO
Promed Laboratories Private Limited has a workforce of 3 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Promed Laboratories has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCP0410F1ZA | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Promed Laboratories Private Limited, buy the company report.
Recent activity
Promed Laboratories Private Limited has 4 board changes on record since 1994: 3 appointments and 1 cessation. The latest: Jairamdas Badlani ceased to be Director on 10 Feb 2022.
4 earlier events are in the company report.
Frequently asked questions
Promed Laboratories is an active private limited company based in Indore, Madhya Pradesh, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 24 July 1971 (55+ years old) and is registered under CIN U85195MP1971PTC001100.
Promed Laboratories has 3 current directors:
- Subhash Rijhwani - Director
- Mahesh Badlani - Director
- Pankaj Badlani - Director
The latest financial statements of Promed Laboratories 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 2015 are in the company report.
The GSTIN of Promed Laboratories is 23AABCP0410F1ZA, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Promed Laboratories is U85195MP1971PTC001100. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Promed Laboratories has 6 court cases on record: 2 filed by the company and 4 filed against it. 2 are pending. Most are in the nclt.
Promed Laboratories was incorporated on 24 July 1971, making it 55+ years old. It is registered with the Registrar of Companies, Gwalior.
Jairamdas Badlani ceased to be Director on 10 Feb 2022. Pankaj Badlani was appointed as Director on 01 Sep 2003. Mahesh Badlani was appointed as Director on 02 Mar 1994. Promed Laboratories has 4 board changes on record in total.
Promed Laboratories has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 5 overdue payments to 5 micro and small suppliers. The latest return was filed on 31 May 2019.
The registered office of Promed Laboratories is at G – 3A Shreenath Nitetan, 29 Snehlata Ganj, Indore, Madhya Pradesh, India – 452003.
Promed Laboratories operates in the pharma industry, in the drug formulation and development segment.