MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0049909
Saffron Formulations Private Limited - pharma in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹60.55 Cr
▲ 16% YoY
Net profit · FY 2025
₹50.69 Lakh
Net margin 0.8%
EBITDA · FY 2025
₹3.29 Cr
EBITDA margin 5.4%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹75 Lakh
Issued & subscribed
Open charges
₹13 Cr
Satisfied ₹12.46 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
529
Provident fund records
About Saffron Formulations Private Limited
Data last updated:
Saffron Formulations Private Limited 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 21 May 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74120GJ2015PTC083277. Its GSTIN is 24AAVCS9193E2ZO (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹75 Lakh. It is led by directors Amit Singh and Hiren Rameshchandra Patel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹60.55 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹50.69 Lakh (net margin 0.8%) and EBITDA of ₹3.29 Cr (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 13% over five years.
The company has about 529 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Saffron Formulations. As per MCA filings, the company has open charges of ₹13 Cr and satisfied charges of ₹12.46 Cr on record. Court records list 15 cases involving the company, including 11 filed by the company and 4 filed against it; 9 cases are pending. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2019.
Saffron Formulations Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0049909). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saffronformulations.com.
Company details
CIN U74120GJ2015PTC083277
Registration Number 083277
Incorporation Date 21 May 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0049909
Recognitions & Rankings of Saffron Formulations
Contact details
Saffron Formulations Private Limited's registered office is in Ahmedabad, Gujarat. Its website is saffronformulations.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address701 & 720 Times Square Arcade Opp. Rambaug Nr. Ravija Plaza Thaltej – Shilaj Road T, Haltej, Ahmedabad, Gujarat, India – 380059
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Saffron Formulations Private Limited, buy the company report.
Comprehensive company report
Saffron Formulations 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
Saffron Formulations operates one associated brand: Saffron Formulations. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pharmaceutical formulations and product development in therapeutic segments like gastro, respiratory, and nutrition. | saffronformulations.com |
Business activity
The main business activity of Saffron Formulations is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Saffron Formulations Private Limited, buy the company report.
Financials of Saffron Formulations Private Limited
FY 2025 filings availableSaffron Formulations Private Limited reported revenue of ₹60.55 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹60.55 Cr ▲ 16%
Net profit · FY 2025
₹50.69 Lakh margin 0.8%
EBITDA · FY 2025
₹3.29 Cr margin 5.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 25%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▲ 4%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 16% growth in the latest year. EBITDA fell 21% 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 | ₹3.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹50.69 Lakh | ||||
| Balance Sheet | |||||
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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 | 5.4% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Saffron Formulations Private Limited, buy the company report.
Board of directors of Saffron Formulations Private Limited
Saffron Formulations has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Singh Also directs: Saffron Therapeutics Private Limited | Director | 21 May 2015 | 11 Years 5 Months | Current |
| Hiren Rameshchandra Patel Also directs: Saffron Therapeutics Private Limited | Director | 21 May 2015 | 11 Years 5 Months | Current |
Auditor
Saffron Formulations Private Limited is audited by NAUTAMR.VAKIL& CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAUTAMR.VAKIL& CO. | FY 2024 | 106980W |
Shareholding
The shareholding of Saffron Formulations 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 Saffron Formulations Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13 Cr
Satisfied charges
₹12.46 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2025 | 101208173 | Hdfc Bank Limited | ₹50 Lakh | Open | |
| 18 Aug 2025 | 101140370 | Hdfc Bank Limited | ₹12 Cr | Open | |
| 28 Nov 2022 | 100652888 | Hdfc Bank Limited | ₹50 Lakh | Open | |
| 27 Nov 2024 | 101010220 | Others | ₹6 Cr | Satisfied | |
| 28 Jul 2022 | 100644240 | Others | ₹2.45 Cr | Satisfied |
To see the full charge records of Saffron Formulations Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Saffron Formulations Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2019.
Total deals
2
Rights issue
1
Secondary share transfer
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Rights issue | ₹78.8 Lakh | Investors: Sunil Kumar Dadhich Huf, 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Sunil Kumar Dadhich Huf Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Saffron Formulations Private Limited has 15 court cases on record: 11 filed by Saffron Formulations, 4 filed against it. 9 cases are pending and 6 are disposed.
Total cases
15
Filed by the company
11
Filed against the company
4
Pending
9
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 3 | 9 |
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Guntur, Andhra Pradesh | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Civil suit | Filed by the company against an individual | Pending |
| District court, Medchal Malkajgiri, Telangana | Civil suit | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Civil suit | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Saffron Formulations 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 Saffron Formulations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Saffron Formulations Private Limited has a workforce of 529 employees on its EPFO records as of Jan 16, 2025, across 1 active EPFO establishment.
Employee count
529
Active EPFO establishments
1
Employee growth
37.4%
GST
Saffron Formulations has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAVCS9193E2ZO | Gujarat | Active | 01 Jul 2017 |
| 09AAVCS9193E1ZH | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saffron Formulations Private Limited, buy the company report.
Recent activity
Saffron Formulations Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Amit Singh was appointed as Director on 21 May 2015.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.50 Cr with Charge ID 101208173 was registered on 30 Dec 2025.
AGM
Saffron Formulations Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 12.00 Cr registered on 18 Aug 2025 with Charge ID 101140370 was modified on 26 Sep 2025.
Charges
A charge registered on 27 Nov 2024 via Charge ID 101010220 with Others was fully satisfied on 10 Sep 2025.
Charges
A charge registered on 28 Jul 2022 via Charge ID 100644240 with Others was fully satisfied on 10 Sep 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 12.00 Cr with Charge ID 101140370 was registered on 18 Aug 2025.
Filing
Saffron Formulations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 101010220 was registered on 27 Nov 2024.
Charges
A charge registered on 22 Oct 2018 via Charge ID 100217304 with State Bank Of India was fully satisfied on 04 May 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.50 Cr with Charge ID 100652888 was registered on 28 Nov 2022.
Charges
A charge registered on 23 Sep 2020 via Charge ID 100396792 with Others was fully satisfied on 23 Aug 2022.
Charges
A charge with Others amounted to Rs. 2.45 Cr with Charge ID 100644240 was registered on 28 Jul 2022.
6 earlier events are in the company report.
Frequently asked questions
Saffron Formulations 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 21 May 2015 (11+ years old) and is registered under CIN U74120GJ2015PTC083277.
Saffron Formulations has 2 current directors:
- Amit Singh - Director
- Hiren Rameshchandra Patel - Director
The latest financial statements of Saffron Formulations on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Saffron Formulations is 24AAVCS9193E2ZO, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 09AAVCS9193E1ZH (Uttar Pradesh).
The CIN (Corporate Identification Number) of Saffron Formulations is U74120GJ2015PTC083277. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saffron Formulations has 15 court cases on record: 11 filed by the company and 4 filed against it. 9 are pending. Most are in the district courts.
Saffron Formulations was incorporated on 21 May 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Saffron Formulations has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2019.
Amit Singh was appointed as Director on 21 May 2015. Hiren Rameshchandra Patel was appointed as Director on 21 May 2015.
Yes, Saffron Formulations is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0049909).