MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0065066
Reliance Formulation Pvt Ltd - pharma in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹46.68 Cr
▲ 4% YoY
Net loss · FY 2023
₹14.33 Lakh
Net margin -0.3%
EBITDA · FY 2023
₹4.24 Cr
EBITDA margin 9.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.33 Cr
Issued & subscribed
Open charges
₹52.41 Cr
Satisfied ₹10.08 Cr
Company age
41 yrs
Est. 1985
Employees · EPFO
215
Provident fund records
About Reliance Formulation Pvt Ltd
Data last updated:
Reliance Formulation Pvt Ltd 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 27 September 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24119GJ1985PTC008142. Its GSTIN is 24AABCR3233L1ZI (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.33 Cr. It is led by directors including Meet Narendrabhai Patel and Premilaben Narendrabhai Patel.
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 7/2A GIDC Estate Phase I Vatva, Ahmedabad, Gujarat, India – 382445.
As per the financials filed for FY 2023, the company reported a revenue of ₹46.68 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹14.33 Lakh (net margin -0.3%) and EBITDA of ₹4.24 Cr (EBITDA margin 9.1%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 5% over five years.
The company has about 215 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹52.41 Cr and satisfied charges of ₹10.08 Cr on record. Court records list 28 cases involving the company, including 21 filed by the company and 7 filed against it; 4 cases are pending.
Reliance Formulation Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0065066). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reliancepharma.com.
Company details
CIN U24119GJ1985PTC008142
Registration Number 008142
Incorporation Date 27 September 1985
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0065066
Key People
Meet Narendrabhai Patel Director Premilaben Narendrabhai Patel Director Harshadbhai Ramanlal Patel Director Recognitions & Rankings of Reliance Formulation
Contact details
Reliance Formulation Pvt Ltd's registered office is in Ahmedabad, Gujarat. Its website is reliancepharma.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address7/2A GIDC Estate Phase I Vatva, Ahmedabad, Gujarat, India – 382445
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Reliance Formulation Pvt Ltd, buy the company report.
Comprehensive company report
Reliance Formulation Pvt Ltd - 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Reliance Formulation 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 Reliance Formulation Pvt Ltd, buy the company report.
Financials of Reliance Formulation Pvt Ltd
FY 2024 filings availableReliance Formulation Pvt Ltd reported revenue of ₹46.68 Cr (up 4% YoY) for FY 2023.
Revenue · FY 2023
₹46.68 Cr ▲ 4%
Net loss · FY 2023
₹14.33 Lakh margin -0.3%
EBITDA · FY 2023
₹4.24 Cr margin 9.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 8%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 319%
3 years · compounded
▲ 3%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 4% growth in the latest year. EBITDA rose 319% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹46.68 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.33 Lakh | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.1% | ||||
| Net Profit Margin | -0.3% | ||||
| 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 Reliance Formulation Pvt Ltd, buy the company report.
Board of directors of Reliance Formulation Pvt Ltd
Reliance Formulation has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meet Narendrabhai Patel Also directs: Reliance Health Care Pvt Ltd, Allianze Pharma Product LLP | Director | 31 Oct 2017 | 8 Years 11 Months | Current |
| Premilaben Narendrabhai Patel | Director | 27 Sep 1985 | 41 Years 0 Months | Current |
| Harshadbhai Ramanlal Patel | Director | 01 Jan 1991 | 35 Years 9 Months | Current |
| Narendra Ramanlal Patel Also directs: Reliance Health Care Pvt Ltd | Director | 01 Jan 2021 | 5 Years 9 Months | Current |
Peer comparison
Reliance Formulation Pvt Ltd is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Lozen Pharma Private Limited | ₹47.38 Cr (FY 2025) | 0.0% | Savanur, Karnataka, India | |||
| Sanctus Global Formulations Limited | ₹47.05 Cr (FY 2025) | 32.0% | Chandigarh, India | |||
| Navyug Pharma- Chem Pvt. Ltd. | ₹47.02 Cr (FY 2024) | -13.0% | Gujarat, India | |||
| Quantime World Private Limited | ₹47.01 Cr (FY 2025) | 79.0% | Pune, Maharashtra, India | |||
| Reliance Formulation Pvt Ltdthis company | ₹46.68 Cr (FY 2023) | -₹14.33 Lakh | -0.3% | 4.0% | 215 | Ahmedabad, Gujarat, India |
| Abhideep Chemicals Pvt Ltd | ₹46.53 Cr (FY 2024) | 9.0% | Mumbai, Maharashtra, India | |||
| Gufic Lifesciences Private Limited | ₹46.35 Cr (FY 2020) | 39.0% | Navsari, Gujarat, India | |||
| Amn Life Private Limited | ₹46.3 Cr (FY 2023) | 45.0% | Mumbai, Maharashtra, India | |||
| Chemic Life Sciences Private Limited | ₹46.19 Cr (FY 2023) | -7.0% | Hyderabad, Telangana, India | |||
| Yash Pharma Laboratories Private Limited | ₹46.17 Cr (FY 2025) | -35.0% | Thane, Maharashtra, India |
To see the full peer comparison of Reliance Formulation Pvt Ltd, buy the company report.
Auditor
Reliance Formulation Pvt Ltd is audited by DINESH K. SHAH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH K. SHAH & CO. | FY 2023 | 102602W |
Shareholding
The shareholding of Reliance Formulation Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Reliance Formulation Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹52.41 Cr
Satisfied charges
₹10.08 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 2022 | 100548481 | Others | ₹1.05 Cr | Open | |
| 28 Feb 2022 | 100548463 | Others | ₹16.98 Cr | Open | |
| 28 Feb 2022 | 100548484 | Others | ₹63.28 Lakh | Open | |
| 21 Dec 2021 | 100512566 | Others | ₹3.4 Cr | Open | |
| 30 Mar 2021 | 100441718 | Others | ₹52.53 Lakh | Open |
To see the full charge records of Reliance Formulation Pvt Ltd, buy the company report.
Total charge records: 19 View all charges
Legal cases
Reliance Formulation Pvt Ltd has 28 court cases on record: 21 filed by Reliance Formulation, 7 filed against it. 4 cases are pending and 24 are disposed.
Total cases
28
Filed by the company
21
Filed against the company
7
Pending
4
Disposed
24
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 7 | 2 |
| High courts | 7 | 0 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Cheque dishonour complaint | Filed against the company by Malik Lifesciences Pvt Ltd | Disposed |
| District court, North West, Delhi | Criminal case | Filed against the company by Pure and Cure Healthcare Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Reliance Lifecare Private Limited and 3 others | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Reliance Lifecare Private Limited and 3 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Reliance Lifecare Pvt. Ltd. and 3 others | Disposed |
To see the full case history of Reliance Formulation Pvt Ltd, 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 Reliance Formulation Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Reliance Formulation Pvt Ltd has a workforce of 215 employees on its EPFO records as of Mar 19, 2025, across 1 active EPFO establishment.
Employee count
215
Active EPFO establishments
1
Employee growth
-17.94%
GST
Reliance Formulation has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCR3233L1ZI | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Reliance Formulation Pvt Ltd, buy the company report.
Recent activity
Reliance Formulation Pvt Ltd has 11 board changes on record since 1985: 4 appointments and 7 cessations. The latest: Narendra Ramanlal Patel ceased to be Additional Director on 30 Nov 2021.
AGM
Reliance Formulation Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 10 Jul 2020 via Charge ID 100348281 with Sidbi was fully satisfied on 22 Jul 2024.
Filing
Reliance Formulation Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 3.40 Cr registered on 21 Dec 2021 with Charge ID 100512566 was modified on 18 Mar 2024.
Charges
A charge with Others of Rs. 1.05 Cr registered on 28 Feb 2022 with Charge ID 100548481 was modified on 21 Oct 2022.
Charges
A charge with Others of Rs. 16.98 Cr registered on 28 Feb 2022 with Charge ID 100548463 was modified on 21 Oct 2022.
Charges
A charge with Others of Rs. 0.63 Cr registered on 28 Feb 2022 with Charge ID 100548484 was modified on 21 Oct 2022.
Charges
A charge with Others amounted to Rs. 1.05 Cr with Charge ID 100548481 was registered on 28 Feb 2022.
Charges
A charge with Others amounted to Rs. 16.98 Cr with Charge ID 100548463 was registered on 28 Feb 2022.
Charges
A charge with Others amounted to Rs. 0.63 Cr with Charge ID 100548484 was registered on 28 Feb 2022.
Charges
A charge with Others amounted to Rs. 3.40 Cr with Charge ID 100512566 was registered on 21 Dec 2021.
Ceased
Narendra Ramanlal Patel ceased to be Additional Director.
39 earlier events are in the company report.
Frequently asked questions
Reliance Formulation 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 27 September 1985 (41+ years old) and is registered under CIN U24119GJ1985PTC008142.
Reliance Formulation has 4 current directors:
- Meet Narendrabhai Patel - Director
- Premilaben Narendrabhai Patel - Director
- Harshadbhai Ramanlal Patel - Director
- Narendra Ramanlal Patel - Director
The latest financial statements of Reliance Formulation 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 Reliance Formulation is 24AABCR3233L1ZI, registered in Gujarat.
The CIN (Corporate Identification Number) of Reliance Formulation is U24119GJ1985PTC008142. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reliance Formulation has 28 court cases on record: 21 filed by the company and 7 filed against it. 4 are pending. Most are in the district courts.
Reliance Formulation was incorporated on 27 September 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Reliance Formulation by revenue are Lozen Pharma Private Limited, Sanctus Global Formulations Limited, Navyug Pharma- Chem Pvt. Ltd, Quantime World Private Limited, Abhideep Chemicals Pvt Ltd and 4 more, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Narendra Ramanlal Patel ceased to be Additional Director on 30 Nov 2021. Narendra Ramanlal Patel was appointed as Director on 01 Jan 2021. Sailesh Kantilal Patel ceased to be Director on 26 Aug 2020. Reliance Formulation has 11 board changes on record in total.
Yes, Reliance Formulation is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0065066).
Reliance Formulation can be reached through the website reliancepharma.com. Its registered office is in Ahmedabad, Gujarat, India.