About Sitec Labs Limited
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Sitec Labs Limited is a public limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Meditab Specialities Limited. It operates in the pharma contract r and d segment of the pharmaceuticals sector. It was incorporated on 17 October 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2000PLC129210. Its GSTIN is 27AABCD2739B1Z2 (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.29 Lakh. It was formerly known as Sitec Labs Private Limited. It is led by directors including Jaideep Ashok Gogtay and Shrinivas Madhukar Purandare.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gen 40 Ttc Industrial Area MIDC Behind Millennium Businesspark, Navi Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹139.78 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹15.26 Cr (net margin 10.9%) and EBITDA of ₹29.39 Cr (EBITDA margin 21%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 9% over five years.
The company has about 412 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sitec Labs. As per MCA filings, the company has open charges of ₹5 Lakh and satisfied charges of ₹7.3 Lakh on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 1 case is pending. The company has 3 deals on record (1 funding round, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹41 Cr; the latest was in July 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website siteclabs.com.
Company details
CIN history
Sitec Labs has one previous CIN (Corporate Identification Number): U74999MH2000PTC129210. The current CIN is U74999MH2000PLC129210, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2000PLC129210 | Current |
| U74999MH2000PTC129210 | Previous |
Contact details
Sitec Labs Limited's registered office is in Navi Mumbai, Maharashtra. Its website is siteclabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.: Gen 40 Ttc Industrial Area MIDC Behind Millennium Businesspark Near Nelco Bus S, Top Mahape, Navi Mumbai, Maharashtra, India – 400710
- IndustryPharma, Pharma Contract R&D
To see the full contact details of Sitec Labs 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
Brands
Sitec Labs operates one associated brand: Sitec Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers clinical research, bioanalytical services, and data management in India. | siteclabs.com |
Business activity
The main business activity of Sitec Labs is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities and scientific research and development. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | |
| M | Professional, Scientific and Technical | M5 | Scientific research and development |
To see the full business activity and turnover split of Sitec Labs Limited, buy the company report.
Financials of Sitec Labs Limited
FY 2025 filings availableSitec Labs Limited reported revenue of ₹139.78 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 4% growth in the latest year. EBITDA rose 7% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹139.78 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹29.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.26 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
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| Inventories | |||||
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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 | 21% | ||||
| Net Profit Margin | 10.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Sitec Labs Limited, buy the company report.
Board of directors of Sitec Labs Limited
Sitec Labs has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaideep Ashok Gogtay Also directs: Stempeutics Research Private Limited | Director | 08 Jul 2016 | 10 Years 4 Months | Current |
| Shrinivas Madhukar Purandare | Director | 01 Jan 2017 | 9 Years 10 Months | Current |
| Girish Zamwar Also directs: Clean Max Auriga Power LLP, Meditab Specialities Limited | Director | 13 Sep 2022 | 4 Years 1 Months | Current |
| Sailendrakumar Jagabandhu Goswami | Director | 29 May 2025 | 1 Years 5 Months | Current |
Auditor
Sitec Labs Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Sitec Labs Limited 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 Sitec Labs Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2025 | 101075133 | Others | ₹5 Lakh | Open | |
| 01 Jul 2024 | 100947540 | Others | ₹1.5 Lakh | Satisfied | |
| 23 Feb 2023 | 100687331 | Others | ₹30,000 | Satisfied | |
| 03 Jun 2022 | 100582171 | Others | ₹1.5 Lakh | Satisfied | |
| 11 Aug 2020 | 100363551 | Others | ₹2.5 Lakh | Satisfied |
To see the full charge records of Sitec Labs Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Sitec Labs Limited has 3 deals on record (1 funding round, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹41 Cr; the latest was in July 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2019 | Funding round | ₹41 Cr | Investors: Meditab Specialities Limited |
| Sep 2010 | Acquisition | ₹2.41 Cr | Buyer: Meditab Specialities Limited Seller: Hamsons Laboratories Private Limited , Saga Chemicals Private Limited , Alps Remedies Private Limited |
| Sep 2007 | Secondary share transfer | Undisclosed | Buyer: Respair Techonologies India Llp Seller: Premratan Exports Pvt Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sitec Labs Limited has 6 court cases on record: 4 filed by Sitec Labs, 2 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Union of India and Ors and 4 others | Pending |
| Bombay High Court | Court case (RPW) | Filed against the company by Deputy Commissioner, CGST and Central Excise, Belapur Commissionerate, Division- IV | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The Union of India Through the Secretary and 3 Ors. and 3 others | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The Union of India Thru the Secretary, Ministry of Finance , Dept. of Revenue and Anr | Disposed |
| Bombay High Court | Tax appeal | Filed by the company against The Commissioner of Service Tax, Mumbai -II | Disposed |
To see the full case history of Sitec Labs 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 Sitec Labs Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sitec Labs Limited has a workforce of 412 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 412 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Sitec Labs Limited, buy the company report.
GST
Sitec Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCD2739B1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sitec Labs Limited, buy the company report.
Recent activity
Sitec Labs Limited has 15 board changes on record since 2011: 4 appointments and 11 cessations. The latest: Sailendrakumar Jagabandhu Goswami was appointed as Director on 29 May 2025.
17 earlier events are in the company report.
Frequently asked questions
Sitec Labs is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in pharma contract r and d, within the pharma industry. It was incorporated on 17 October 2000 (26+ years old) and is registered under CIN U74999MH2000PLC129210.
Sitec Labs has 4 current directors:
- Jaideep Ashok Gogtay - Director
- Shrinivas Madhukar Purandare - Director
- Girish Zamwar - Director
- Sailendrakumar Jagabandhu Goswami - Director
The latest financial statements of Sitec Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sitec Labs is 27AABCD2739B1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sitec Labs is U74999MH2000PLC129210. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sitec Labs has 6 court cases on record: 4 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Sitec Labs was incorporated on 17 October 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Sitec Labs has 3 deals on record (1 funding round, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹41 Cr; the latest was in July 2019.
Sailendrakumar Jagabandhu Goswami was appointed as Director on 29 May 2025. Sailendrakumar Jagabandhu Goswami ceased to be Additional Director on 19 Mar 2025. Girish Zamwar ceased to be Additional Director on 26 Sep 2022. Sitec Labs has 15 board changes on record in total.
Sitec Labs can be reached through the website siteclabs.com. Its registered office is in Navi Mumbai, Maharashtra, India.
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