MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-DL-03-0006185
SPV Laboratories Private Limited - pharma in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4.43 Cr
▼ 23% YoY
Net loss · FY 2025
₹1.07 Cr
Net margin -24.2%
EBITDA · FY 2025
-₹1.01 Cr
EBITDA margin -22.8%
Authorised capital
₹3.84 Cr
Registered with MCA
Paid-up capital
₹3.81 Cr
Issued & subscribed
Open charges
₹15 Lakh
Secured borrowings
Company age
11 yrs
Est. 2015
Directors on board
4
As per MCA filings
About SPV Laboratories Private Limited
Data last updated:
SPV Laboratories Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 19 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140DL2015PTC374221. Its GSTIN is 07AAWCS5619J1ZM (Delhi). The company holds 9 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹3.84 Cr and a paid-up capital of ₹3.81 Cr. It was formerly known as Spv Laboratories Opc Private Limited. It is led by directors including Vanshaj Garg and Cyrus Jal 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 Khasra No.369 – 370 1st Floor, Centrum Mall Mg Road Sultanpur Near Metro Station, New Delhi, Delhi, India – 110030.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.43 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹1.07 Cr (net margin -24.2%) and EBITDA of -₹1.01 Cr (EBITDA margin -22.8%). Revenue has grown at a compounded annual rate (CAGR) of 26% over five years.
The company is associated with 2 brands: Spv Laboratories and Green Cure. As per MCA filings, the company has open charges of ₹15 Lakh on record. Court records list 8 cases involving the company, including 3 filed by the company and 5 filed against it; 2 cases are pending. The company has 9 deals on record (5 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹17.27 Cr; the latest was in April 2022.
SPV Laboratories Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-03-0006185). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website greencure.co.in.
Company details
CIN U74140DL2015PTC374221
Registration Number 374221
Incorporation Date 19 October 2015
ROC Delhi
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-DL-03-0006185
CIN history
SPV Laboratories has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74140DL2015PTC374221, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140DL2015PTC374221 | Current |
| U74140HR2015PTC057015 | Previous |
| U74140HR2015OPC057015 | Previous |
Recognitions & Rankings of SPV Laboratories
Contact details
SPV Laboratories Private Limited's registered office is in New Delhi, Delhi. Its website is greencure.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKhasra No.369 – 370 1st Floor, Centrum Mall Mg Road Sultanpur Near Metro Station, New Delhi, Delhi, India – 110030
- IndustryPharma, Drug Formulation & Development
To see the full contact details of SPV Laboratories Private Limited, buy the company report.
Comprehensive company report
SPV Laboratories 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
SPV Laboratories operates two associated brands: Spv Laboratories and Green Cure. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides business consulting services tailored for the financial and legal industries. | spvlab.com | |
| Manufacturer of ayurvedic wellness products | greencure.co.in |
Business activity
The main business activity of SPV Laboratories is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of SPV Laboratories Private Limited, buy the company report.
Financials of SPV Laboratories Private Limited
FY 2025 filings availableSPV Laboratories Private Limited reported revenue of ₹4.43 Cr (down 23% YoY) for FY 2025.
Revenue · FY 2025
₹4.43 Cr ▼ 23%
Net loss · FY 2025
₹1.07 Cr margin -24.2%
EBITDA · FY 2025
-₹1.01 Cr margin -22.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 23%
5 years · compounded
▲ 26%
Revenue fell 23% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 26%. 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 | ₹4.43 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.07 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | -22.8% | ||||
| Net Profit Margin | -24.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of SPV Laboratories Private Limited, buy the company report.
Board of directors of SPV Laboratories Private Limited
SPV Laboratories has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priyanka Garg | Nominee | 19 Oct 2015 | 11 Years 0 Months | Current |
| Vanshaj Garg Also directs: VSG Ventures Private Limited | Director | 25 Feb 2019 | 7 Years 8 Months | Current |
| Cyrus Jal Patel | Director | 13 Sep 2022 | 4 Years 1 Months | Current |
| Sanchit Garg Also directs: VSG Ventures Private Limited | Director | 21 Mar 2016 | 10 Years 7 Months | Current |
Auditor
SPV Laboratories Private Limited is audited by AJEET JALAN & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AJEET JALAN & CO. | FY 2024 | 012794N |
Shareholding
The shareholding of SPV Laboratories Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of SPV Laboratories Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2024 | 101040264 | Others | ₹15 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
SPV Laboratories Private Limited has 9 deals on record (5 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹17.27 Cr; the latest was in April 2022.
Total deals
9
Funding rounds
5
Secondary share transfers
2
Acquisitions
2
Disclosed funding
₹17.27 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Funding round · Series A | ₹8.75 Cr | Investors: Jubilant Pharmova Limited |
| Feb 2022 | Funding round | ₹2.77 Cr | Investors: VSG Ventures Private Limited |
| Jun 2021 | Funding round · Pre-Series A | ₹1.2 Cr | Investors: Ban Labs Private Limited , Aeroflex Enterprises Limited , 2 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2019 | Acquisition | ₹15.1 Lakh | Buyer: an individual Seller: an individual |
To see the full deal history of SPV Laboratories Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SPV Laboratories Private Limited has 8 court cases on record: 3 filed by SPV Laboratories, 5 filed against it. 2 cases are pending and 6 are disposed.
Total cases
8
Filed by the company
3
Filed against the company
5
Pending
2
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 3 | 1 |
| District courts | 3 | 2 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Civil suit | Filed against the company by M/S Sr4ipr Partners | Pending |
| High Court, MAHARASHTRA | Court case (COMIP) | Filed against the company by an individual | Pending |
| High Court of Delhi | Court case (FAO (COMM)) | Filed against the company by an individual | Disposed |
| District court, South, Delhi | Commercial suit | Filed against the company by Loreal Sa | Disposed |
| High Court of Delhi | Court case (C.A.(COMM.IPD-PAT)) | Filed by the company against an individual | Disposed |
To see the full case history of SPV Laboratories 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 SPV Laboratories Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
SPV Laboratories has 9 GST registrations: 8 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
8
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAWCS5619J1ZM | Delhi | Active | 01 Jul 2017 |
| 29AAWCS5619J1ZG | Karnataka | Active | 04 Dec 2018 |
| 19AAWCS5619J1ZH | West Bengal | Active | 25 Sep 2020 |
| 27AAWCS5619J1ZK | Maharashtra | Active | 12 Oct 2020 |
To see the full GST registrations and return filing status of SPV Laboratories Private Limited, buy the company report.
Recent activity
SPV Laboratories Private Limited has 5 board changes on record since 2015: 4 appointments and 1 cessation. The latest: Cyrus Jal Patel was appointed as Director on 13 Sep 2022.
AGM
Spv Laboratories Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Spv Laboratories Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi I.
Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 101040264 was registered on 23 Dec 2024.
Appointed
Cyrus Jal Patel was appointed as Director.
Appointed
Vanshaj Garg was appointed as Director.
Appointed
Sanchit Garg was appointed as Director.
Ceased
Suresh Garg ceased to be Director.
Appointed
Priyanka Garg was appointed as Nominee.
Incorporation
19 Oct 2015
Spv Laboratories Private Limited was registered on 19 Oct 2015 with Roc Delhi I & aged 11 years 8 days as per MCA records.
Frequently asked questions
SPV Laboratories is an active private limited company based in New Delhi, Delhi, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 19 October 2015 (11+ years old) and is registered under CIN U74140DL2015PTC374221.
SPV Laboratories has 4 current directors:
- Vanshaj Garg - Director
- Cyrus Jal Patel - Director
- Sanchit Garg - Director
- Priyanka Garg - Nominee
The latest financial statements of SPV Laboratories 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 SPV Laboratories is 07AAWCS5619J1ZM, registered in Delhi. The company has 9 GST registrations in all, of which 8 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAWCS5619J1ZG (Karnataka), 19AAWCS5619J1ZH (West Bengal), 27AAWCS5619J1ZK (Maharashtra).
The CIN (Corporate Identification Number) of SPV Laboratories is U74140DL2015PTC374221. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SPV Laboratories has 8 court cases on record: 3 filed by the company and 5 filed against it. 2 are pending. Most are in the high courts.
SPV Laboratories was incorporated on 19 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Delhi.
SPV Laboratories has 9 deals on record (5 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹17.27 Cr; the latest was in April 2022.
Cyrus Jal Patel was appointed as Director on 13 Sep 2022. Vanshaj Garg was appointed as Director on 25 Feb 2019. Sanchit Garg was appointed as Director on 21 Mar 2016. SPV Laboratories has 5 board changes on record in total.
Yes, SPV Laboratories is registered as a small enterprise under Udyam registration (number: UDYAM-DL-03-0006185).