MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0024609
Sunways (India) Private Limited - pharma in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹142.63 Cr
▲ 10% YoY
Net profit · FY 2024
₹31.1 Cr
Net margin 21.8%
EBITDA · FY 2024
₹46.2 Cr
EBITDA margin 32.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹6.93 Lakh
Issued & subscribed
Open charges
₹16 Cr
Secured borrowings
Company age
36 yrs
Est. 1990
Directors on board
6
As per MCA filings
About Sunways (India) Private Limited
Data last updated:
Sunways (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 27 July 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85195MH1990PTC057447. Its GSTIN is 27AAACS6228D1ZK (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6.93 Lakh. It was formerly known as Sunways Laboratories Private Limited. It is led by directors including Aatish Anupam Shroff and Ratheen Bhadresh Shroff.
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 Jay Prakash Rd No 2 Goregaon, Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2024, the company reported a revenue of ₹142.63 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹31.1 Cr (net margin 21.8%) and EBITDA of ₹46.2 Cr (EBITDA margin 32.4%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 34% over five years.
The company is associated with 1 brand: Sunways. As per MCA filings, the company has open charges of ₹16 Cr on record. Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it.
Sunways (India) Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0024609). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sunways.com.
Company Details of Sunways (India) Private Limited
CIN U85195MH1990PTC057447
Registration Number 057447
Incorporation Date 27 July 1990
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0024609
Key People
Aatish Anupam Shroff Director Ratheen Bhadresh Shroff Director Anil Kumar Jagirdar Nominee Director Recognitions & Rankings of Sunways (India)
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressJay Prakash Rd No 2 Goregaon, Mumbai, Maharashtra, India – 400063
- IndustryPharma, Drug Formulation & Development
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Associated Brands with Sunways (India) Private Limited
Sunways (India) operates one associated brand: Sunways. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ophthalmic and ENT products are manufactured, along with medical devices. | sunways.com |
Business Activity of Sunways (India) Private Limited
The main business activities of Sunways (India) are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and wholesale trading. 2 activity segments are registered with the MCA.
| 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 |
| G | Trade | G1 | Wholesale Trading | Locked |
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Turnover share and past changes in activity are in the company report.
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Financials of Sunways (India) Private Limited FY 2024 filings available
Sunways (India) Private Limited reported revenue of ₹142.63 Cr (up 10% YoY) for FY 2024.
Revenue · FY 2024
₹142.63 Cr ▲ 10%
Net profit · FY 2024
₹31.1 Cr margin 21.8%
EBITDA · FY 2024
₹46.2 Cr margin 32.4%
Compounded Annual Growth Rate (CAGR) of Sunways (India) Private Limited
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 22%
5 years · compounded
▲ 34%
EBITDA CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 38%
5 years · compounded
▲ 120%
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 10% growth in the latest year. EBITDA rose 25% 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 Sunways (India) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹46.2 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹31.1 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 of Sunways (India) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 21.8% | •••• | •••• | •••• | •••• |
| 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 Sunways (India) are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Sunways (India) Private Limited
Sunways (India) has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aatish Anupam Shroff | Director | 21 Oct 2022 | 4 Years 0 Months | Current |
| Ratheen Bhadresh Shroff | Director | 21 Oct 2022 | 4 Years 0 Months | Current |
| Anil Kumar Jagirdar Also directs: Sunways Rohto Pharmaceutical Private Limited, Indilyfe Sponsor LLP, Ilsf Lifesciences Manager LLP and 2 more | Nominee Director | 05 Sep 2024 | 2 Years 1 Months | Current |
| Anupam Kantilal Shroff | Director | 27 Jul 1990 | 36 Years 2 Months | Current |
| Bhadresh Kantilal Shroff | Director | 27 Jul 1990 | 36 Years 2 Months | Current |
| Firaq Pankaj Shroff Also directs: Kalikund Syntex Ltd, Raf Holdings Private Limited, Sunways Inor Medical Devices Private Limited and 1 more | Director | 21 Oct 2022 | 4 Years 0 Months | Current |
Peer Comparison of Sunways (India) Private Limited
Sunways (India) Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Medical Consumables). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| G. Surgiwear Limited | ₹169.12 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Shahjahanpur, Uttar Pradesh, India |
| Datt Mediproducts Private Limited | ₹161.48 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Kolkata, West Bengal, India |
| Bio-Med Health Care Products Private Limited | ₹149.69 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Palwal, Haryana, India |
| Medi Plus (India) Limited | ₹146.68 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Delhi, India |
| Global Medikit Limited | ₹143.67 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Delhi, India |
| Sunways (India) Private Limited this company | ₹142.63 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Kob Medical Textiles Private Limited | ₹142.16 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Tiruppur Dist, Tamil Nadu, India |
| Needle Industries (India) Private Limited | ₹133.39 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | The Nilgiris, Tamil Nadu, India |
| Dhanvanthri Super Speciality Private Limited | ₹126.02 Cr (FY 2025) | •••• | •••• | 318.0% | •••• | Bangalore, Karnataka, India |
| Sysmed Exim Private Limited | ₹125.82 Cr (FY 2024) | •••• | •••• | -57.0% | •••• | Mohali, Punjab, India |
| Paramount Surgimed Limited | ₹123.26 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Sunways (India) by revenue in the Healthcare industry (Medical Consumables), 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 Sunways (India) Private Limited
Sunways (India) Private Limited is audited by T.I. Shroff & Co. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| T.I. Shroff & Co. | Locked | Locked | Locked |
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Complete auditor history
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Ownership and Shareholding of Sunways (India) Private Limited
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Charges & Borrowings of Sunways (India) Private Limited
Open charges
₹16 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Mar 2022 | Others | ₹16 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Sunways (India) Private Limited
Sunways (India) Private Limited has 7 court cases on record: 2 filed by Sunways (India), 5 filed against it. All cases are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Total cases
7
Filed by the company
2
Filed against the company
5
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 0 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (MFA) | Filed against the company by Semit Pharmaceuticals and Chemicals Ltd. | Disposed |
| High Court of Karnataka | Revision petition | Filed against the company by Semit Pharmaceuticals and Chemicals Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed against the company by Semit Pharmaceuticals and Chemicals Ltd. | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Semit Pharmaceuticals and Chem | Disposed |
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Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 Sunways (India) Private Limited
Employment history and EPFO contributions of people linked to Sunways (India).
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Group Structure of Sunways (India) Private Limited
Sunways (India) has 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
1
Associated companies
Recent Activity on Sunways (India) Private Limited
Sunways (India) Private Limited has 13 board changes on record since 1990: 6 appointments and 7 cessations. The latest: Anil Kumar Jagirdar was appointed as Nominee Director on 05 Sep 2024.
Charges
A charge with Others of Rs. 1,600.00 Lakh registered on 04 Mar 2022 with Charge ID 100574663 was modified on 29 Aug 2025.
AGM
Sunways (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Appointed
Anil Kumar Jagirdar was appointed as Nominee Director.
Ceased
Sumit Gupta ceased to be Nominee Director.
Filing
Sunways (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Appointed
Aatish Anupam Shroff was appointed as Director.
Ceased
Aatish Anupam Shroff ceased to be Additional Director.
Ceased
Chhaya Bhadresh Shroff ceased to be Director.
Appointed
Firaq Pankaj Shroff was appointed as Director.
Ceased
Firaq Pankaj Shroff ceased to be Additional Director.
Appointed
Ratheen Bhadresh Shroff was appointed as Director.
Ceased
Ratheen Bhadresh Shroff ceased to be Additional Director.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sunways (India) Private Limited
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MSME Payment Delays by Sunways (India) Private Limited
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Subsidiaries & Group Companies of Sunways (India) Private Limited
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Corporate group structure
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GST Compliance of Sunways (India) Private Limited
Sunways (India) has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS6228D1ZK | Maharashtra | Active | 01 Jul 2017 |
| 24AAACS6228D1ZQ | Gujarat | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Sunways (India) Private Limited
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MCA filings and documents
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Related news about Sunways (India) Private Limited
Frequently Asked Questions about Sunways (India) Private Limited
Sunways (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 27 July 1990 (36+ years old) and is registered under CIN U85195MH1990PTC057447.
Sunways (India) reported revenue of ₹142.63 Cr for FY 2024 (up 10% YoY).
Sunways (India) has 6 current directors:
- Aatish Anupam Shroff - Director
- Ratheen Bhadresh Shroff - Director
- Anil Kumar Jagirdar - Nominee Director
- Anupam Kantilal Shroff - Director
- Bhadresh Kantilal Shroff - Director
- Firaq Pankaj Shroff - Director
Sunways (India) reported a net profit of ₹31.1 Cr (net margin 21.8%) and EBITDA of ₹46.2 Cr (EBITDA margin 32.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sunways (India) is 22% over three years and 34% over five years. In the latest year (FY 2024) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sunways (India) is 27AAACS6228D1ZK, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACS6228D1ZQ (Gujarat).
The CIN (Corporate Identification Number) of Sunways (India) is U85195MH1990PTC057447. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sunways (India) has 7 court cases on record: 2 filed by the company and 5 filed against it. Most are in the district courts.
Sunways (India) was incorporated on 27 July 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sunways (India) by revenue are G. Surgiwear Limited, Datt Mediproducts Private Limited, Bio-Med Health Care Products Private Limited, Medi Plus (India) Limited, Global Medikit Limited and 5 more, all in the Healthcare industry (Medical Consumables).
Anil Kumar Jagirdar was appointed as Nominee Director on 05 Sep 2024. Sumit Gupta ceased to be Nominee Director on 04 Sep 2024. Aatish Anupam Shroff was appointed as Director on 21 Oct 2022. Sunways (India) has 13 board changes on record in total.