Ridge Formulations Private Limited
About Ridge Formulations Private Limited
Data last updated:
Ridge Formulations Private Limited is a private limited company based in Solan, Himachal Pradesh, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 14 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U24110HP2017PTC006780. Its GSTIN is 02AAICR6194F1ZC (Himachal Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Alapati Naga Sankara Rao and Radhakrushna Pitchikala.
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 Near Govt. Middle School Subathu Road Saproon, Solan, Himachal Pradesh, India – 173211.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.89 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹10.57 Lakh (net margin 0.9%) and EBITDA of ₹22.9 Lakh (EBITDA margin 1.9%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 8% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
Court records list 9 cases involving the company, including 2 filed by the company and 6 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- WebsiteLocked
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- Registered AddressNear Govt. Middle School Subathu Road Saproon, Solan, Himachal Pradesh, India – 173211
- 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 Ridge Formulations Private Limited
The main business activity of Ridge Formulations 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 Ridge Formulations Private Limited FY 2024 filings available
Ridge Formulations Private Limited reported revenue of ₹11.89 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ridge Formulations Private Limited
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA rose 9% 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 Ridge Formulations Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹22.9 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.57 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 of Ridge Formulations Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.9% | •••• | •••• | •••• | •••• |
| 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 Ridge Formulations are in the company report.
Financial statements from FY 2018
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 Ridge Formulations Private Limited
Ridge Formulations 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 |
|---|---|---|---|---|---|---|
| T'walker's Pharmaceuticals Private Limited | ₹12 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Pune, Maharashtra, India |
| Medicross Laboratories Private Limited | ₹11.95 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| Syon Med Private Limited | ₹11.94 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Delhi, India |
| Samay Pharma India Private Limited | ₹11.93 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Delhi, India |
| Lapan Healthcare Private Limited | ₹11.92 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Panipat, Haryana, India |
| Ridge Formulations Private Limited this company | ₹11.89 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Solan, Himachal Pradesh, India |
| Mars Remedies Private Limited | ₹11.89 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Waghodia, Gujarat, India |
| Viwyn Pharma Private Limited | ₹11.88 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Hyderabad, Telangana, India |
| Emcutix Biopharmaceuticals Limited | ₹11.88 Cr (FY 2025) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Tidal Laboratories Private Limited | ₹11.87 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Mumbai, Maharashtra, India |
| Ashwinassociates Private Limited | ₹11.85 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Madurai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Ridge Formulations 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 Ridge Formulations Private Limited
Ridge Formulations Private Limited is audited by MOHINDER K SHARMA & CO. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MOHINDER K SHARMA & CO. | 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 Ridge Formulations Private Limited
Ridge Formulations has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alapati Naga Sankara Rao Also directs: Vaibhav Drugs Private Limited | Director | 14 Nov 2017 | 8 Years 10 Months | Current |
| Radhakrushna Pitchikala | Director | 14 Nov 2017 | 8 Years 10 Months | Current |
Ownership and Shareholding of Ridge Formulations 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 Ridge Formulations Private Limited
Ridge Formulations Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Ridge Formulations Private Limited
Ridge Formulations Private Limited has 9 court cases on record: 2 filed by Ridge Formulations, 6 filed against it, 1 where it is another party. 4 cases are pending and 5 are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 3 | 2 |
| District courts | 4 | 3 | 2 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Himachal Pradesh | Interim or miscellaneous application | Filed against the company by Union of India | Pending |
| High Court of Himachal Pradesh | Appeal | Filed against the company by Union of India | Pending |
| District court, Medchal Malkajgiri, Telangana | Criminal complaint | Filed against the company by State of Telangana | Pending |
| District court, Tiruvannamalai, Tamil Nadu | Criminal case | Filed against the company by an individual | Pending |
| High Court of Himachal Pradesh | Court case (CMP.M) | Filed against the company by Union of India | Disposed |
Full case history
All 9 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.
Employees and EPFO Compliance at Ridge Formulations Private Limited
Ridge Formulations Private Limited has a workforce of 18 employees as of Apr 07, 2024.
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 Ridge Formulations Private Limited
Ridge Formulations Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Alapati Naga Sankara Rao was appointed as Director on 14 Nov 2017.
Credit Ratings, Litigation & Regulatory Alerts for Ridge Formulations 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 Ridge Formulations 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 Ridge Formulations 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 Ridge Formulations Private Limited
Ridge Formulations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAICR6194F1ZC | Himachal Pradesh | Active | 31 Aug 2018 |
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 Ridge Formulations 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 Ridge Formulations Private Limited
Ridge Formulations is an active private limited company based in Solan, Himachal Pradesh, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 14 November 2017 (9+ years old) and is registered under CIN U24110HP2017PTC006780.
Ridge Formulations reported revenue of ₹11.89 Cr for FY 2025 (down 5% YoY).
Ridge Formulations has 2 current directors:
- Alapati Naga Sankara Rao - Director
- Radhakrushna Pitchikala - Director
Ridge Formulations reported a net profit of ₹10.57 Lakh (net margin 0.9%) and EBITDA of ₹22.9 Lakh (EBITDA margin 1.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ridge Formulations is -5% over three years and 8% over five years. In the latest year (FY 2025) revenue fell 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ridge Formulations is 02AAICR6194F1ZC, registered in Himachal Pradesh.
The CIN (Corporate Identification Number) of Ridge Formulations is U24110HP2017PTC006780. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ridge Formulations has 9 court cases on record: 2 filed by the company and 6 filed against it. 4 are pending. Most are in the high courts.
Ridge Formulations was incorporated on 14 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
The peers of Ridge Formulations by revenue are T'walker's Pharmaceuticals Private Limited, Medicross Laboratories Private Limited, Syon Med Private Limited, Samay Pharma India Private Limited, Lapan Healthcare Private Limited and 5 more, all in the Pharma industry (Formulations).
Alapati Naga Sankara Rao was appointed as Director on 14 Nov 2017. Radhakrushna Pitchikala was appointed as Director on 14 Nov 2017.