MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0168606
Ray Life Sciences Private Limited - pharma in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹10.79 Cr
▲ 71% YoY
Net loss · FY 2024
₹2.84 Cr
Net margin -26.3%
EBITDA · FY 2024
-₹1.64 Cr
EBITDA margin -15.2%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹95 Lakh
Issued & subscribed
Satisfied charges
₹11.57 Cr
No open charges
Company age
35 yrs
Est. 1991
Employees · EPFO
96
Provident fund records
About Ray Life Sciences Private Limited
Data last updated:
Ray Life Sciences Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 24 September 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24111KA1991PTC012343. Its GSTIN is 29AAACR8674G1ZX (Karnataka).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹95 Lakh. It was formerly known as Ray Chemicals Private Limited. It is led by directors including Tanushree Roy (Whole-Time Director) and Anjan Kumar Roy (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Hig 2000 Ray House Next To Yelahanka New Town Poice Station, Bangalore, Karnataka, India – 560064.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.79 Cr, a growth of 71% compared to the previous year. For the same year it recorded a net loss of ₹2.84 Cr (net margin -26.3%) and EBITDA of -₹1.64 Cr (EBITDA margin -15.2%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years and 42% over five years.
The company has about 96 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ray Life Sciences. As per MCA filings, the company has satisfied charges of ₹11.57 Cr on record. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it; 1 case is pending.
Ray Life Sciences Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0168606). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website raylifesciences.com.
Company details
CIN U24111KA1991PTC012343
Registration Number 012343
Incorporation Date 24 September 1991
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0168606
Name history
Ray Life Sciences has undergone 3 name changes throughout its history. The company was previously known as Raylife Sciences Private Limited, Ray Chemicals Private Limited, and Ray Life Sciences Private Limited. The current legal name is Ray Life Sciences Private Limited.
| Company Name | Status |
|---|---|
| Ray Life Sciences Private Limited | Current |
| Raylife Sciences Private Limited | Previous |
| Ray Chemicals Private Limited | Previous |
| Ray Life Sciences Private Limited | Previous |
Key People
Tanushree Roy Whole-Time Director Anjan Kumar Roy Whole-Time Director Trishna Roy Whole-Time Director Recognitions & Rankings of Ray Life Sciences
Contact details
Ray Life Sciences Private Limited's registered office is in Bangalore, Karnataka. Its website is raylifesciences.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHig 2000 Ray House Next To Yelahanka New Town Poice Station, Bangalore, Karnataka, India – 560064
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Ray Life Sciences Private Limited, buy the company report.
Comprehensive company report
Ray Life Sciences 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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Brands
Ray Life Sciences operates one associated brand: Ray Life Sciences. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in developing and manufacturing sterile injectable pharmaceuticals for global markets. | raylifesciences.com |
Business activity
The main business activity of Ray Life Sciences 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 Ray Life Sciences Private Limited, buy the company report.
Financials of Ray Life Sciences Private Limited
FY 2024 filings availableRay Life Sciences Private Limited reported revenue of ₹10.79 Cr (up 71% YoY) for FY 2024.
Revenue · FY 2024
₹10.79 Cr ▲ 71%
Net loss · FY 2024
₹2.84 Cr margin -26.3%
EBITDA · FY 2024
-₹1.64 Cr margin -15.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 71%
3 years · compounded
▲ 57%
5 years · compounded
▲ 42%
EBITDA CAGR growth
1 year
▼ 37%
3 years · compounded
▲ 24%
5 years · compounded
▼ 30%
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 71% growth in the latest year. EBITDA fell 37% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10.79 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.84 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -15.2% | ||||
| Net Profit Margin | -26.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Ray Life Sciences Private Limited, buy the company report.
Board of directors of Ray Life Sciences Private Limited
Ray Life Sciences has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tanushree Roy Also directs: Trroy Life Sciences Private Limited | Whole-Time Director | 30 Sep 2005 | 21 Years 0 Months | Current |
| Anjan Kumar Roy | Whole-Time Director | 20 Nov 1992 | 33 Years 11 Months | Current |
| Trishna Roy | Whole-Time Director | 05 Oct 2001 | 25 Years 0 Months | Current |
| Sumitra Roy Also directs: Trroy Life Sciences Private Limited | Whole-Time Director | 24 Sep 1991 | 35 Years 1 Months | Current |
Peer comparison
Ray Life Sciences Private Limited is compared with the 3 companies closest to it by revenue in the Pharma industry (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 |
|---|---|---|---|---|---|---|
| A.N.Pharmacia Laboratories Pvt Ltd. | ₹10.84 Cr (FY 2022) | 1.0% | Kolkata, West Bengal, India | |||
| G.D. Laboratories (India) Private Limited | ₹10.81 Cr (FY 2024) | -6.0% | New Delhi, Delhi, India | |||
| Ray Life Sciences Private Limitedthis company | ₹10.79 Cr (FY 2024) | -₹2.84 Cr | -26.3% | 71.0% | 96 | Bangalore, Karnataka, India |
| Embellish Pharma Tech Private Limited | ₹10.72 Cr (FY 2025) | 10.0% | Roorkee, Uttarakhand, India |
To see the full peer comparison of Ray Life Sciences Private Limited, buy the company report.
Auditor
Ray Life Sciences Private Limited is audited by AMARNATH KAMATH AND ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AMARNATH KAMATH AND ASSOCIATES | FY 2024 | 000099S |
Shareholding
The shareholding of Ray Life Sciences Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | 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 Ray Life Sciences Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹11.57 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Aug 2019 | 100280108 | Axis Bank Limited | ₹7 Cr | Satisfied | |
| 16 Nov 2002 | 80010243 | State Bank of India | ₹4.2 Cr | Satisfied | |
| 30 Jun 1993 | 80062235 | Ksfc | ₹15 Lakh | Satisfied | |
| 23 Feb 1984 | 80062234 | Canara Bank | ₹22 Lakh | Satisfied |
To see the full charge records of Ray Life Sciences Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Ray Life Sciences Private Limited has 8 court cases on record: 5 filed by Ray Life Sciences, 3 filed against it. 1 case is pending and 7 are disposed.
Total cases
8
Filed by the company
5
Filed against the company
3
Pending
1
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 3 | 1 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Bengaluru | Insolvency matter | Filed by the company against R.L.Fine Chem Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against Novel Drugs Ltd | Disposed |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed against the company by State at the Instance of Assitant Drugs Controller-2, Head Quarters, Bengaluru. | Pending |
| District court, DHARWAD, Karnataka | Criminal complaint | Filed against the company by State at the Instance of Assitant Drugs Controller-2, Head Quarters, Bengaluru. | Disposed |
| District court, BENGALURU, Karnataka | Court case (ESI) | Filed by the company against an individual | Disposed |
To see the full case history of Ray Life Sciences 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
No delayed payments to MSME suppliers are on our record for Ray Life Sciences Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ray Life Sciences Private Limited has a workforce of 96 employees on its EPFO records as of Mar 20, 2025, across 1 active EPFO establishment.
Employee count
96
Active EPFO establishments
1
Employee growth
14.29%
GST
Ray Life Sciences has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACR8674G1ZX | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ray Life Sciences Private Limited, buy the company report.
Recent activity
Ray Life Sciences Private Limited has 4 board changes on record since 1991: 4 appointments. The latest: Tanushree Roy was appointed as Whole-Time Director on 30 Sep 2005.
AGM
Ray Life Sciences Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Filing
Ray Life Sciences Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 05 Aug 2019 via Charge ID 100280108 with Axis Bank Limited was fully satisfied on 25 Feb 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 7.00 Cr with Charge ID 100280108 was registered on 05 Aug 2019.
Charges
A charge registered on 16 Nov 2002 via Charge ID 80010243 with State Bank Of India was fully satisfied on 19 Oct 2016.
Charges
A charge with State Bank Of India of Rs. 4.20 Cr registered on 16 Nov 2002 with Charge ID 80010243 was modified on 31 Aug 2013.
Appointed
Tanushree Roy was appointed as Whole-Time Director.
Charges
A charge registered on 23 Feb 1984 via Charge ID 80062234 with Canara Bank was fully satisfied on 29 Nov 2002.
Charges
A charge with State Bank Of India amounted to Rs. 4.20 Cr with Charge ID 80010243 was registered on 16 Nov 2002.
Appointed
Trishna Roy was appointed as Whole-Time Director.
Charges
A charge registered on 30 Jun 1993 via Charge ID 80062235 with Ksfc was fully satisfied on 08 Mar 1999.
Charges
A charge with Ksfc amounted to Rs. 0.15 Cr with Charge ID 80062235 was registered on 30 Jun 1993.
4 earlier events are in the company report.
Frequently asked questions
Ray Life Sciences is an active private limited company based in Bangalore, Karnataka, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 24 September 1991 (35+ years old) and is registered under CIN U24111KA1991PTC012343.
Ray Life Sciences has 4 current directors:
- Tanushree Roy - Whole-Time Director
- Anjan Kumar Roy - Whole-Time Director
- Trishna Roy - Whole-Time Director
- Sumitra Roy - Whole-Time Director
The latest financial statements of Ray Life Sciences on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ray Life Sciences is 29AAACR8674G1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Ray Life Sciences is U24111KA1991PTC012343. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ray Life Sciences has 8 court cases on record: 5 filed by the company and 3 filed against it. 1 is pending. Most are in the district courts.
Ray Life Sciences was incorporated on 24 September 1991, making it 35+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ray Life Sciences by revenue are A.N.Pharmacia Laboratories Pvt Ltd, G.D. Laboratories (India) Private Limited, Embellish Pharma Tech Private Limited, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Tanushree Roy was appointed as Whole-Time Director on 30 Sep 2005. Trishna Roy was appointed as Whole-Time Director on 05 Oct 2001. Anjan Kumar Roy was appointed as Whole-Time Director on 20 Nov 1992. Ray Life Sciences has 4 board changes on record in total.
Yes, Ray Life Sciences is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0168606).
Ray Life Sciences can be reached through the website raylifesciences.com. Its registered office is in Bangalore, Karnataka, India.