MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0171588
Puniska Injectables Private Limited - pharma in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹170.03 Cr
▲ 21% YoY
Net loss · FY 2025
₹5.6 Cr
Net margin -3.3%
EBITDA · FY 2025
₹5.78 Cr
EBITDA margin 3.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹115 Cr
Secured borrowings
Company age
4 yrs
Est. 2022
Employees · EPFO
281
Provident fund records
About Puniska Injectables Private Limited
Data last updated:
Puniska Injectables Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 14 May 2022.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24230GJ2022PTC132016. Its GSTIN is 24AAMCP9065F1Z4 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Maheshkumar Bhagwansingh Yadav and Kalpesh Ambubhai Patel.
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 Jayantilal Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹170.03 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net loss of ₹5.6 Cr (net margin -3.3%) and EBITDA of ₹5.78 Cr (EBITDA margin 3.4%).
The company has about 281 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Puniska. As per MCA filings, the company has open charges of ₹115 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it; 2 cases are pending.
Puniska Injectables Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0171588). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website puniska.com.
Company Details of Puniska Injectables Private Limited
CIN U24230GJ2022PTC132016
Registration Number 132016
Incorporation Date 14 May 2022
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0171588
Key People
Maheshkumar Bhagwansingh Yadav Director Neha Verma Company Secretary Kalpesh Ambubhai Patel Director Recognitions & Rankings of Puniska Injectables
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address11th Floor Puniska House Next To One42, Opp. Jayantilal Park Brts Ambli Bopal Road, Ahmedabad, Gujarat, India – 380054
- IndustryPharma, Drug Formulation & Development
Comprehensive company report
Puniska Injectables Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
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- Legal cases, compliance and MCA filings
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Associated Brands with Puniska Injectables Private Limited
Puniska Injectables operates one associated brand: Puniska. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Therapeutic products are developed and manufactured by Puniska. | puniska.com |
Business Activity of Puniska Injectables Private Limited
The main business activities of Puniska Injectables are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and wholesale trading. 2 activity segments are registered with the MCA.
| 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 |
| G | Trade | G1 | Wholesale Trading | 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 Puniska Injectables Private Limited FY 2025 filings available
Puniska Injectables Private Limited reported revenue of ₹170.03 Cr (up 21% YoY) for FY 2025.
Revenue · FY 2025
₹170.03 Cr ▲ 21%
Net loss · FY 2025
₹5.6 Cr margin -3.3%
EBITDA · FY 2025
₹5.78 Cr margin 3.4%
Compounded Annual Growth Rate (CAGR) of Puniska Injectables Private Limited
Revenue CAGR growth
1 year
▲ 21%
EBITDA CAGR growth
1 year
▼ 27%
Revenue rose 21% in the latest year. EBITDA fell 27% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Puniska Injectables Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| 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 | ₹5.78 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹5.6 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 of Puniska Injectables Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 3.4% | •••• | •••• |
| Net Profit Margin | -3.3% | •••• | •••• |
| 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 Puniska Injectables are in the company report.
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Financial statements from FY 2023
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 and KMP of Puniska Injectables Private Limited
Puniska Injectables Private Limited currently reports 4 directors and 1 key managerial person. 2 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maheshkumar Bhagwansingh Yadav | Director | 15 Jun 2022 | 4 Years 4 Months | Current |
| Neha Verma Also directs: Evnes Consulting LLP | Company Secretary | 15 Jun 2022 | 4 Years 4 Months | Current |
| Kalpesh Ambubhai Patel | Director | 14 May 2022 | 4 Years 5 Months | Current |
| Punitaben Kalpeshbhai Patel | Director | 14 May 2022 | 4 Years 5 Months | Current |
| Manojkumar Shah Jashwantlal | Director | 15 Jun 2022 | 4 Years 4 Months | Current |
Peer Comparison of Puniska Injectables Private Limited
Puniska Injectables Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fimakem India Limited | ₹171.09 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Udaipur, Rajasthan, India |
| Carbure Activated Carbon Private Limited | ₹170.75 Cr (FY 2025) | •••• | •••• | 70.0% | •••• | Coimbatore, Tamil Nadu, India |
| Shree Krishnakeshav Laboratories Limited | ₹170.52 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Ahmedabad, Gujarat, India |
| Varna Coats Private Limited | ₹170.24 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Bangalore, Karnataka, India |
| Reena Organics Private Limited | ₹170.21 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Chennai, Tamil Nadu, India |
| Puniska Injectables Private Limited this company | ₹170.03 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Ahmedabad, Gujarat, India |
| Natural Capsules Limited Listed | ₹169.91 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bengaluru, Karnataka, India |
| Enaltec Labs Private Limited | ₹169.73 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Thane, Maharashtra, India |
| Mentha and Allied Products Private Limited | ₹169.38 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
| Stericon Pharma Private Limited | ₹169.15 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Bangalore, Karnataka, India |
| Eurofrits India Private Limited | ₹169.12 Cr (FY 2025) | •••• | •••• | 4837.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Puniska Injectables by revenue in the same principal business activity (Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), 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 Puniska Injectables Private Limited
Puniska Injectables Private Limited is audited by JHAVERI SHAH & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JHAVERI SHAH & 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 Puniska Injectables Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Puniska Injectables Private Limited
Open charges
₹115 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Sep 2022 | Hdfc Bank Limited | ₹115 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Puniska Injectables Private Limited
Puniska Injectables Private Limited has 8 court cases on record: 6 filed by Puniska Injectables, 2 filed against it. 2 cases are pending and 6 are disposed. Status as checked between 21 Sep 2026 and 01 Oct 2026.
Total cases
8
Filed by the company
6
Filed against the company
2
Pending
2
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 2 | 2 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Sraddha Pharma | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Filed against the company by State at the Instance of Drugs Inspector | Disposed |
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against an individual | Disposed |
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Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
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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 Puniska Injectables Private Limited
Puniska Injectables Private Limited has a workforce of 281 employees as of Mar 26, 2024.
Employee count
281
Active EPFO establishments
2
Employee growth
19.57%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Verified entity values are shown only after access is granted.
Recent Activity on Puniska Injectables Private Limited
Puniska Injectables Private Limited has 7 board changes on record since 2022: 5 appointments and 2 cessations. The latest: Maheshkumar Bhagwansingh Yadav ceased to be Additional Director on 29 Sep 2023.
AGM
Puniska Injectables Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Puniska Injectables Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 11,500.00 Lakh registered on 08 Sep 2022 with Charge ID 100621874 was modified on 27 Nov 2024.
Ceased
Maheshkumar Bhagwansingh Yadav ceased to be Additional Director.
Ceased
Manojkumar Shah Jashwantlal ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 11,500.00 Lakh with Charge ID 100621874 was registered on 08 Sep 2022.
Appointed
Maheshkumar Bhagwansingh Yadav was appointed as Director.
Appointed
Manojkumar Shah Jashwantlal was appointed as Director.
Appointed
Neha Verma was appointed as Company Secretary.
Appointed
Kalpesh Ambubhai Patel was appointed as Director.
Appointed
Punitaben Kalpeshbhai Patel was appointed as Director.
Incorporation
14 May 2022
Puniska Injectables Private Limited was registered on 14 May 2022 with Roc Ahmedabad & aged 4 years 5 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Puniska Injectables Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Puniska Injectables 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 Puniska Injectables 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 Puniska Injectables Private Limited
Puniska Injectables has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAMCP9065F1Z4 | Gujarat | Active | 07 Jun 2022 |
| 30AAMCP9065F1ZB | Goa | Active | 11 Aug 2022 |
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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 Puniska Injectables 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 Puniska Injectables Private Limited
Puniska Injectables is an active private limited company based in Ahmedabad, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 14 May 2022 (4+ years old) and is registered under CIN U24230GJ2022PTC132016.
Puniska Injectables reported revenue of ₹170.03 Cr for FY 2025 (up 21% YoY).
Puniska Injectables has 5 current directors and KMP:
- Maheshkumar Bhagwansingh Yadav - Director
- Kalpesh Ambubhai Patel - Director
- Punitaben Kalpeshbhai Patel - Director
- Manojkumar Shah Jashwantlal - Director
- Neha Verma - Company Secretary
Puniska Injectables reported a net loss of ₹5.6 Cr (net margin -3.3%) and EBITDA of ₹5.78 Cr (EBITDA margin 3.4%) for FY 2025, as per its filed financial statements.
The GSTIN of Puniska Injectables is 24AAMCP9065F1Z4, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 30AAMCP9065F1ZB (Goa).
The CIN (Corporate Identification Number) of Puniska Injectables is U24230GJ2022PTC132016. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Puniska Injectables has 8 court cases on record: 6 filed by the company and 2 filed against it. 2 are pending.
Puniska Injectables was incorporated on 14 May 2022, making it 4+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Puniska Injectables by revenue are Fimakem India Limited, Carbure Activated Carbon Private Limited, Shree Krishnakeshav Laboratories Limited, Varna Coats Private Limited, Reena Organics Private Limited and 5 more, all in the same principal business activity (Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Maheshkumar Bhagwansingh Yadav ceased to be Additional Director on 29 Sep 2023. Manojkumar Shah Jashwantlal ceased to be Additional Director on 29 Sep 2023. Maheshkumar Bhagwansingh Yadav was appointed as Director on 15 Jun 2022. Puniska Injectables has 7 board changes on record in total.
Yes, Puniska Injectables is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0171588).