Ray Remedies Private Limited
About Ray Remedies Private Limited
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Ray Remedies Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the chemical products segment of the chemicals sector. It was incorporated on 22 May 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ2002PTC040767. Its GSTIN is 24AACCR0893F1ZI (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.2 Lakh. It is led by directors Neela Mahendrabhai Raycha and Mahendra Chatrabhuj Raycha.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No 388/34 Changodarindl Estate First Floor Sarkhej Bavla High – Way, Ahmedabad, Gujarat, India – 382210.
As per the financials filed for FY 2025, the company reported a revenue of ₹68.54 Lakh, a decline of 57% compared to the previous year. For the same year it recorded a net profit of ₹31.73 Lakh (net margin 46.3%) and EBITDA of ₹39 Lakh (EBITDA margin 56.9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 5% over five years.
Its group structure includes 2 subsidiaries.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ray Remedies Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 388/34 Changodarindl Estate First Floor Sarkhej Bavla High – Way, Ahmedabad, Gujarat, India – 382210
- IndustryChemicals, Chemical Products, Medicinal Chemical & Botanical Products, Pharmaceuticals
To see the full contact details of Ray Remedies 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 activities of Ray Remedies are manufacturing and financial and insurance service. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and other financial activities. 2 activity segments are registered with the MCA.
| 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 | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Ray Remedies Private Limited, buy the company report.
Financials of Ray Remedies Private Limited
FY 2024 filings availableRay Remedies Private Limited reported revenue of ₹68.54 Lakh (down 57% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 57% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹39 Lakh | ||||
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| Net Profit (PAT) | ₹31.73 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 | 56.9% | ||||
| Net Profit Margin | 46.3% | ||||
| Return on Equity (ROE) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Ray Remedies Private Limited, buy the company report.
Board of directors of Ray Remedies Private Limited
Ray Remedies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neela Mahendrabhai Raycha Also directs: Zenith Healthcare Limited | Director | 22 May 2002 | 24 Years 5 Months | Current |
| Mahendra Chatrabhuj Raycha Also directs: Zenith Healthcare Limited, Achyut Healthcare Limited, Zenith Life Care Private Limited and 1 more | Director | 22 May 2002 | 24 Years 5 Months | Current |
Peer comparison
Ray Remedies Private Limited is compared with the 10 companies closest to it 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pahlson Agro Chem Private Limited | ₹68.74 Lakh (FY 2021) | -11.0% | Meerut, Uttar Pradesh, India | |||
| Zenobia Pharmaceuticals Private Limited | ₹68.72 Lakh (FY 2021) | -42.0% | Kozhikode, Kerala, India | |||
| Snseren Laboratories Private Limited | ₹68.71 Lakh (FY 2025) | 396.0% | Bareilly, Uttar Pradesh, India | |||
| Dotsy Pharmaceuticals Private Limited | ₹68.7 Lakh (FY 2024) | 686991250.0% | New Delhi, Delhi, India | |||
| Shivayur International Marketing Private Limited | ₹68.63 Lakh (FY 2024) | -28.0% | Vadodara, Gujarat, India | |||
| Ray Remedies Private Limitedthis company | ₹68.54 Lakh (FY 2025) | ₹31.73 Lakh | 46.3% | -57.0% | Ahmedabad, Gujarat, India | |
| Elara Pharmaceuticals Private Limited | ₹68.52 Lakh (FY 2025) | 24.0% | Pune, Maharashtra, India | |||
| Enzed Chloro Products Pvt Ltd | ₹68.47 Lakh (FY 2024) | 10.0% | Saidabad, Hyderabad, Telangana, India | |||
| KR Pharma Caps Private Limited | ₹68.33 Lakh (FY 2024) | -82.0% | Nashik, Maharashtra, India | |||
| Scinva Chemicals and Pharmaceuticals Private Limited | ₹68.23 Lakh (FY 2025) | 1569.0% | Bengaluru, Karnataka, India | |||
| Doctor Biswas Good Health Private Limited | ₹68.19 Lakh (FY 2025) | -4.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ray Remedies Private Limited, buy the company report.
Auditor
Ray Remedies Private Limited is audited by B J TRIVEDI & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B J TRIVEDI & ASSOCIATES | FY 2024 | 39595 |
Shareholding
The shareholding of Ray Remedies 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 Remedies Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ray Remedies 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 Ray Remedies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ray Remedies has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Zenith Life Care Private Limited | U34230GJ1996PTC031018 | |
| Zenith Medicine Private Limited | U85310GJ2008PTC053890 |
To see the full group structure of Ray Remedies Private Limited, buy the company report.
GST
Ray Remedies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCR0893F1ZI | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ray Remedies Private Limited, buy the company report.
Recent activity
Ray Remedies Private Limited has 2 board changes on record since 2002: 2 appointments. The latest: Mahendra Chatrabhuj Raycha was appointed as Director on 22 May 2002.
Frequently asked questions
Ray Remedies is an active private limited company based in Ahmedabad, Gujarat, India. The company works in chemical products, within the chemicals industry. It was incorporated on 22 May 2002 (24+ years old) and is registered under CIN U24231GJ2002PTC040767.
Ray Remedies has 2 current directors:
- Neela Mahendrabhai Raycha - Director
- Mahendra Chatrabhuj Raycha - Director
The latest financial statements of Ray Remedies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ray Remedies is 24AACCR0893F1ZI, registered in Gujarat.
The CIN (Corporate Identification Number) of Ray Remedies is U24231GJ2002PTC040767. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ray Remedies was incorporated on 22 May 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ray Remedies by revenue are Pahlson Agro Chem Private Limited, Zenobia Pharmaceuticals Private Limited, Snseren Laboratories Private Limited, Dotsy Pharmaceuticals Private Limited, Shivayur International Marketing Private Limited and 5 more, all in the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Mahendra Chatrabhuj Raycha was appointed as Director on 22 May 2002. Neela Mahendrabhai Raycha was appointed as Director on 22 May 2002.
The registered office of Ray Remedies is at Plot No 38834 Changodarindl Estate First Floor Sarkhej Bavla High – Way, Ahmedabad, Gujarat, India – 382210.
Ray Remedies operates in the chemicals industry, in the chemical products segment.
The compliance status of Ray Remedies is compliant as of 28 August 2026. The company is actively filing with the Registrar of Companies.
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