About Relax Biotech Private Limited
Data last updated:
Relax Biotech Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 01 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24230GJ2012PTC070558. Its GSTIN is 24AAFCR9050B1ZO (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.75 Cr. It is led by directors including Jigneshbhai Uttambhai Patel and Devang Kaushikbhai Shah.
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 862/1 GIDC Makarpura, Vadodara, Gujarat, India – 390010.
As per the financials filed for FY 2024, the company reported a revenue of ₹32.39 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹1.65 Cr (net margin 5.1%) and EBITDA of ₹3.63 Cr (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 15% over five years.
The company has about 133 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Relax Biotech. As per MCA filings, the company has open charges of ₹19.98 Cr and satisfied charges of ₹13.75 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website relaxbiotech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address862/1 GIDC Makarpura, Vadodara, Gujarat, India – 390010
- IndustryPharma, Drug Formulation & Development
- 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
- One PDF report, delivered after checkout
Business Activity of Relax Biotech Private Limited
The main business activity of Relax Biotech is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Relax Biotech Private Limited FY 2024 filings available
Relax Biotech Private Limited reported revenue of ₹32.39 Cr (down 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Relax Biotech Private Limited
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA rose 4% 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 of Relax Biotech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹32.39 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.63 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.65 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Relax Biotech Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.1% | •••• | •••• | •••• | •••• |
| 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 Relax Biotech are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Relax Biotech Private Limited
Relax Biotech Private Limited is compared with the companies closest to it by revenue in the Pharma industry (Formulations). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 4Care Lifescience Private Limited | ₹32.7 Cr (FY 2024) | •••• | •••• | 45.0% | •••• | Ahmedabad, Gujarat, India |
| SVK Pharma Private Limited | ₹32.52 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Hyderabad, Telangana, India |
| D R Johns Lab Pharma Private Limited | ₹32.48 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | New Delhi, Delhi, India |
| Vaidhatru Pharma Private Limited | ₹32.48 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | Hyderabad, Telangana, India |
| Biolab Diagnostics (India ) Private Limited | ₹32.43 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| Relax Biotech Private Limited this company | ₹32.39 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Vadodara, Gujarat, India |
| Sangrose Laboratories Private Limited | ₹32.28 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Alappuzha, Kerala, India |
| Grandcure Healthcare Private Limited | ₹32.26 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
| Adora Products Private Limited | ₹32.02 Cr (FY 2024) | •••• | •••• | 43.0% | •••• | Aurangabad, Maharashtra, India |
| Dano Vaccines and Biologicals Pvt Ltd | ₹31.96 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Hyderabad.Andhra Pradesh, Telangana, India |
| Vibcare Pharma Private Limited | ₹31.93 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Panchkula, Haryana, India |
Peers are the five companies nearest above and the five nearest below Relax Biotech by revenue in the Pharma industry (Formulations), 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 Relax Biotech Private Limited
Relax Biotech Private Limited is audited by P. Indrajit & Associates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P. Indrajit & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Relax Biotech Private Limited
Relax Biotech has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jigneshbhai Uttambhai Patel Also directs: Aeolus Bio Sciences Private Limited | Director | 01 Jun 2012 | 14 Years 4 Months | Current |
| Devang Kaushikbhai Shah | Director | 01 Apr 2018 | 8 Years 6 Months | Current |
| Nileshkumar Uttambhai Patel | Director | 01 Jun 2012 | 14 Years 4 Months | Current |
| Bhavin Becharbhai Mangrolia | Director | 01 Apr 2018 | 8 Years 6 Months | Current |
Ownership and Shareholding of Relax Biotech Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Relax Biotech Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Mar 2023 | Others | ₹9.99 Cr | Open |
| 07 Mar 2023 | Others | ₹9.99 Cr | Open |
| 18 Sep 2018 | Yes Bank Limited | ₹5 Cr | Satisfied |
| 21 Jul 2018 | Yes Bank Limited | ₹5 Cr | Satisfied |
| 05 Apr 2014 | Central Bank of India | ₹3.75 Cr | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Relax Biotech Private Limited
Relax Biotech Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CRR) | Filed against the company by Hab Pharmaceutical and Research Limited | Pending |
| District court, Vadodara, Gujarat | Court case (REFER-T-LC) | Filed against the company by an individual | Disposed |
Full case history
All 2 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
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Relax Biotech Private Limited
Relax Biotech operates one associated brand: Relax Biotech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pharmaceutical formulations manufacturing and supply in Gujarat. | relaxbiotech.com |
Employees and EPFO Compliance at Relax Biotech Private Limited
Relax Biotech Private Limited has a workforce of 133 employees as of Oct 07, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Relax Biotech Private Limited
Relax Biotech Private Limited has 10 board changes on record since 2012: 4 appointments and 6 cessations. The latest: Nimeshkumar Govindbhai Patel ceased to be Director on 02 Dec 2021.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Relax Biotech Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Relax Biotech Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Relax Biotech Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Relax Biotech Private Limited
Relax Biotech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCR9050B1ZO | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Relax Biotech Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Relax Biotech Private Limited
Relax Biotech is an active private limited company based in Vadodara, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 01 June 2012 (14+ years old) and is registered under CIN U24230GJ2012PTC070558.
Relax Biotech reported revenue of ₹32.39 Cr for FY 2024 (down 12% YoY).
Relax Biotech has 4 current directors:
- Jigneshbhai Uttambhai Patel - Director
- Devang Kaushikbhai Shah - Director
- Nileshkumar Uttambhai Patel - Director
- Bhavin Becharbhai Mangrolia - Director
Relax Biotech reported a net profit of ₹1.65 Cr (net margin 5.1%) and EBITDA of ₹3.63 Cr (EBITDA margin 11.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Relax Biotech is 8% over three years and 15% over five years. In the latest year (FY 2024) revenue fell 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Relax Biotech is 24AAFCR9050B1ZO, registered in Gujarat.
The CIN (Corporate Identification Number) of Relax Biotech is U24230GJ2012PTC070558. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Relax Biotech has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the high courts.
Relax Biotech was incorporated on 01 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Relax Biotech by revenue are 4Care Lifescience Private Limited, SVK Pharma Private Limited, D R Johns Lab Pharma Private Limited, Vaidhatru Pharma Private Limited, Biolab Diagnostics (India ) Private Limited and 5 more, all in the Pharma industry (Formulations).
Nimeshkumar Govindbhai Patel ceased to be Director on 02 Dec 2021. Pritesh Jashbhai Patel ceased to be Director on 18 Nov 2019. Bhavin Becharbhai Mangrolia ceased to be Additional Director on 30 Sep 2018. Relax Biotech has 10 board changes on record in total.