About Strides Chemicals Private Limited
Data last updated:
Strides Chemicals Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Solara Active Pharma Sciences Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 29 January 2003.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U24290MH2003PTC138910. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹80 Cr and a paid-up capital of ₹79.7 Cr. It was formerly known as Strides Pharma Chemi Private Limited and Vedants Drugs and Fine Chemicals Private Limited. It was led by directors Dileep Rajaram Mahajan and Sathish Kumar Mohan Rao.
Its last annual general meeting (AGM) was held on 14 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Plot No. N – 39/ N – 39 – 1 Anand Nagar MIDC Additional Ambernath (East), Mumbai, Maharashtra, India – 421506.
As per the financials filed for FY 2019, the company reported a revenue of ₹27.39 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹5.87 Cr (net margin -21.4%) and EBITDA of ₹43.3 Lakh (EBITDA margin 1.6%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years.
As per MCA filings, the company had satisfied charges of ₹43.89 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 10 deals on record (5 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹420.46 Cr; the latest was in August 2018. Its 9 peer companies in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 4 smaller; the largest is Aresko Life Sciences Private Limited with revenue of ₹27.87 Cr.
The last known website on record is solara.co.in.
Company details
Name history
Strides Chemicals has undergone 3 name changes throughout its history. The company was previously known as Strides Pharma Chemi Private Limited, Vedants Drugs And Fine Chemicals Private Limited, and Perrigo Api India Private Limited. The current legal name is Strides Chemicals Private Limited.
| Company Name | Status |
|---|---|
| Strides Chemicals Private Limited | Current |
| Strides Pharma Chemi Private Limited | Previous |
| Vedants Drugs And Fine Chemicals Private Limited | Previous |
| Perrigo Api India Private Limited | Previous |
Contact details
Strides Chemicals Private Limited's registered office is in Mumbai, Maharashtra. Its website is solara.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. N – 39/ N – 39 – 1 Anand Nagar MIDC Additional Ambernath (East), Mumbai, Maharashtra, India – 421506
- IndustryPharma, API Manufacturers
To see the full contact details of Strides Chemicals Private 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
Business activity
The main business activities of Strides Chemicals are manufacturing and support service to organizations. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and other support services to organizations. 2 activity segments are registered with the MCA.
| 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 | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Strides Chemicals Private Limited, buy the company report.
Financials of Strides Chemicals Private Limited
FY 2019 filings availableStrides Chemicals Private Limited reported revenue of ₹27.39 Cr (down 24% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over three years, including a 24% fall in the latest year. EBITDA fell 99% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹27.39 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹43.3 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.87 Cr | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | -21.4% | ||||
| 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 Strides Chemicals Private Limited, buy the company report.
Board of directors of Strides Chemicals Private Limited
Strides Chemicals has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dileep Rajaram Mahajan | Director | 31 Aug 2018 | 8 Years 2 Months | As last reported |
| Sathish Kumar Mohan Rao Also directs: Chemsynth Laboratories Private Limited | Director | 31 Aug 2018 | 8 Years 2 Months | As last reported |
Peer comparison
Strides Chemicals Private Limited is compared with the 9 companies closest to it by revenue in the Pharma industry (API Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Aresko Life Sciences Private Limited | ₹27.87 Cr (FY 2025) | 35.0% | New Delhi, Delhi, India | |||
| Progress Life Sciences Private Limited | ₹27.83 Cr (FY 2025) | 1.0% | Navi Mumbai, Maharashtra, India | |||
| Nandu Chemicals Private Limited | ₹27.74 Cr (FY 2025) | 16.0% | Hubli, Karnataka, India | |||
| Enzal Chemicals (India) Limited | ₹27.7 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| Altra Pharma-Chem Private Limited | ₹27.64 Cr (FY 2024) | -36.0% | Thane, Maharashtra, India | |||
| Strides Chemicals Private Limitedthis company | ₹27.39 Cr (FY 2019) | -₹5.87 Cr | -21.4% | -24.0% | Mumbai, Maharashtra, India | |
| BNM Organics Private Limited | ₹27.38 Cr (FY 2025) | 155.0% | Kolkata, West Bengal, India | |||
| S Kant Chemicals Private Limited | ₹27.27 Cr (FY 2025) | 31.0% | Mumbai, Maharashtra, India | |||
| Flowchem Pharma Private Limited | ₹26.7 Cr (FY 2024) | 47.0% | Bangalore, Karnataka, India | |||
| Enam Organics India Limited | ₹26.08 Cr (FY 2025) | 19.0% | Thane, Maharashtra, India |
To see the full peer comparison of Strides Chemicals Private Limited, buy the company report.
Auditor
Strides Chemicals Private Limited is audited by GNANOBA & BHAT for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GNANOBA & BHAT | FY 2019 | 000939S |
Shareholding
The shareholding of Strides Chemicals Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Strides Chemicals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Mar 2017 | 100086924 | The Hongkong and Shanghai Banking Corporation Limited | ₹1.54 Cr | Satisfied | |
| 01 Mar 2007 | 10042595 | Bank of India | ₹21.35 Cr | Satisfied | |
| 25 Jul 2006 | 10012599 | Bank of India | ₹21 Cr | Satisfied |
To see the full charge records of Strides Chemicals Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Strides Chemicals Private Limited has 10 deals on record (5 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹420.46 Cr; the latest was in August 2018.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: Solara Active Pharma Sciences Limited , an individual Seller: Strides Pharma Science Limited , an individual |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: Strides Pharma Science Limited , an individual Seller: Perrigo Netherlands BV, Perrigo Isreal Holdings II BV |
| Dec 2013 | Secondary share transfer | Undisclosed | Buyer: Perrigo Isreal Holdings II BV Seller: Vedants Weath Management Private Limited, 3 individuals |
| Sep 2011 | Funding round | ₹40.88 Cr | Investors: Perrigo Netherlands BV, 3 individuals |
| Aug 2009 | Secondary share transfer | Undisclosed | Buyer: Perrigo Netherlands BV Seller: Vedant Dyestuffs Intermediates Private Limited |
To see the full deal history of Strides Chemicals 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
Strides Chemicals Private Limited has 3 court cases on record: 2 filed by Strides Chemicals, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra Through the Government Pleader and Anr. | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Strides Chemicals 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 Strides Chemicals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Strides Chemicals has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Strides Chemicals Private Limited, buy the company report.
Recent activity
Strides Chemicals Private Limited has 16 board changes on record since 2009: 2 appointments and 14 cessations. The latest: Dileep Rajaram Mahajan ceased to be Additional Director on 28 Sep 2018.
15 earlier events are in the company report.
News
Frequently asked questions
Strides Chemicals has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Strides Chemicals was a private limited company based in Mumbai, Maharashtra, India. The company worked in api manufacturers, within the pharma industry. It was incorporated on 29 January 2003 and is registered under CIN U24290MH2003PTC138910. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Strides Chemicals was incorporated on 29 January 2003. It is registered with the Registrar of Companies, Mumbai.
Strides Chemicals had 2 directors:
- Dileep Rajaram Mahajan - Director
- Sathish Kumar Mohan Rao - Director
The CIN (Corporate Identification Number) of Strides Chemicals is U24290MH2003PTC138910. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Strides Chemicals is at Plot No. N – 39 N – 39 – 1 Anand Nagar MIDC Additional Ambernath East, Mumbai, Maharashtra, India – 421506.
Strides Chemicals can be reached through the website solara.co.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Strides Chemicals on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 14 August 2019. Year-wise statements from 2015 are in the company report.
No. Strides Chemicals has 1 GST registration on record and it is cancelled or inactive.
Strides Chemicals operated in the pharma industry, in the api manufacturers segment.
Strides Chemicals has 10 deals on record (5 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹420.46 Cr; the latest was in August 2018.
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