MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-06-0003838
Suyog Life Sciences Private Limited - pharma in Ankleshwar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹20.09 Cr
▼ 1% YoY
Net profit · FY 2025
₹7.21 Lakh
Net margin 0.4%
EBITDA · FY 2025
₹4.34 Cr
EBITDA margin 21.6%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.9 Cr
Issued & subscribed
Open charges
₹57.32 Cr
Satisfied ₹7.66 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
52
Provident fund records
About Suyog Life Sciences Private Limited
Data last updated:
Suyog Life Sciences Private Limited is a private limited company based in Ankleshwar, Gujarat, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 25 April 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ2003PTC042287. Its GSTIN is 24AAICS4936Q1ZO (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.9 Cr. It is led by directors including Himatbhai Anandbhai Devani (Whole-Time Director) and Snehal Chandreshbhai Devani (Whole-Time Director).
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 Plot No. 145/B G.I.D.C Estate, Ankleshwar, Gujarat, India – 393002.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.09 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹7.21 Lakh (net margin 0.4%) and EBITDA of ₹4.34 Cr (EBITDA margin 21.6%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 14% over five years.
The company has about 52 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Suyog Life Sciences. As per MCA filings, the company has open charges of ₹57.32 Cr and satisfied charges of ₹7.66 Cr on record.
Suyog Life Sciences Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-06-0003838). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website suyoginc.com.
Company details
CIN U24231GJ2003PTC042287
Registration Number 042287
Incorporation Date 25 April 2003
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 Medium
Udyam Registration UDYAM-GJ-06-0003838
Key People
Himatbhai Anandbhai Devani Whole-Time Director Snehal Chandreshbhai Devani Whole-Time Director Chandreshbhai Anandbhai Devani Director Recognitions & Rankings of Suyog Life Sciences
Contact details
Suyog Life Sciences Private Limited's registered office is in Ankleshwar, Gujarat. Its website is suyoginc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 145/B G.I.D.C Estate, Ankleshwar, Gujarat, India – 393002
- IndustryPharma, API Manufacturers
To see the full contact details of Suyog Life Sciences Private Limited, buy the company report.
Comprehensive company report
Suyog Life Sciences 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
Suyog Life Sciences operates one associated brand: Suyog Life Sciences. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops and manufactures pharmaceutical intermediates and speciality chemicals for export worldwide. | suyoginc.com |
Business activity
The main business activity of Suyog Life Sciences is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| 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 |
To see the full business activity and turnover split of Suyog Life Sciences Private Limited, buy the company report.
Financials of Suyog Life Sciences Private Limited
FY 2025 filings availableSuyog Life Sciences Private Limited reported revenue of ₹20.09 Cr (down 1% YoY) for FY 2025.
Revenue · FY 2025
₹20.09 Cr ▼ 1%
Net profit · FY 2025
₹7.21 Lakh margin 0.4%
EBITDA · FY 2025
₹4.34 Cr margin 21.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 26%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▼ 39%
3 years · compounded
▲ 68%
5 years · compounded
▲ 3%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 39% 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 | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹4.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.21 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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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 | 21.6% | ||||
| Net Profit Margin | 0.4% | ||||
| 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 Suyog Life Sciences Private Limited, buy the company report.
Board of directors of Suyog Life Sciences Private Limited
Suyog Life Sciences has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandreshbhai Anandbhai Devani | Director | 23 Jan 2006 | 20 Years 9 Months | Current |
| Himatbhai Anandbhai Devani Also directs: Suyog Dye Chemie Pvt Ltd | Whole-Time Director | 25 Apr 2003 | 23 Years 6 Months | Current |
| Snehal Chandreshbhai Devani | Whole-Time Director | 25 Apr 2003 | 23 Years 6 Months | Current |
Peer comparison
Suyog Life Sciences Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Reflux Pharmaceuticals Private Limited | ₹20.56 Cr (FY 2025) | 15.0% | Thane, Maharashtra, India | |||
| Altis Finechem Private Limited | ₹20.53 Cr (FY 2025) | 62.0% | Prantij, Gujarat, India | |||
| Tosco Pharma Private Limited | ₹20.42 Cr (FY 2024) | 337.0% | Hyderabad, Telangana, India | |||
| Tesla Chemicals Private Limited | ₹20.24 Cr (FY 2025) | -18.0% | Panoli, Gujarat, India | |||
| Pharchem Private Limited | ₹20.2 Cr (FY 2024) | 0.0% | Boisar, Maharashtra, India | |||
| Suyog Life Sciences Private Limitedthis company | ₹20.09 Cr (FY 2025) | ₹7.21 Lakh | 0.4% | -1.0% | 52 | Ankleshwar, Gujarat, India |
| Frinze Laboratories Private Limited | ₹20.07 Cr (FY 2025) | 12.0% | Hyderabad, Telangana, India | |||
| Auro Laboratories Limited | ₹20.05 Cr (FY 2025) | -64.0% | Thane, Maharashtra, India | |||
| Asai Vishwa Speciality Chemicals Private Limited | ₹19.73 Cr (FY 2024) | -13.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Suyog Life Sciences Private Limited, buy the company report.
Auditor
Suyog Life Sciences Private Limited is audited by R A N K & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R A N K & Associates | FY 2022 | 105589W |
Shareholding
The shareholding of Suyog Life Sciences Private 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 Suyog Life Sciences Private Limited, buy the company report.
Charges & borrowings
Open charges
₹57.32 Cr
Satisfied charges
₹7.66 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2024 | 101002548 | Others | ₹10.92 Cr | Open | |
| 01 Sep 2023 | 100775556 | State Bank of India | ₹25.48 Lakh | Open | |
| 27 Mar 2021 | 100430180 | State Bank of India | ₹24 Cr | Open | |
| 18 Dec 2020 | 100399700 | State Bank of India | ₹22.15 Cr | Open | |
| 19 Jun 2020 | 100372436 | Others | ₹33 Lakh | Satisfied |
To see the full charge records of Suyog Life Sciences Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
No court or tribunal cases involving Suyog Life Sciences Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Suyog Life Sciences Private Limited was last rated by Brickwork on 13 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 13 Jan 2020 |
To see the full credit ratings and regulatory alerts of Suyog Life Sciences Private Limited, buy the company report.
MSME payment delays
Suyog Life Sciences Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 102 overdue payments to 44 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 44)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Shreeji Chemical Industries | |||
| Deep Polymers | |||
| Arihant Packing Industries | |||
| Rutain Plastic Industries |
To see the full MSME payment records of Suyog Life Sciences Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Suyog Life Sciences Private Limited has a workforce of 52 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
Employee count
52
Active EPFO establishments
1
Employee growth
13.04%
GST
Suyog Life Sciences has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICS4936Q1ZO | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Suyog Life Sciences Private Limited, buy the company report.
Recent activity
Suyog Life Sciences Private Limited has 8 board changes on record since 2003: 3 appointments and 5 cessations. The latest: Himatbhai Anandbhai Devani ceased to be Director on 01 Aug 2020.
AGM
Suyog Life Sciences Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 10.92 Cr registered on 30 Oct 2024 with Charge ID 101002548 was modified on 30 Jun 2025.
Filing
Suyog Life Sciences 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. 10.92 Cr with Charge ID 101002548 was registered on 30 Oct 2024.
Charges
A charge with State Bank Of India of Rs. 24.00 Cr registered on 27 Mar 2021 with Charge ID 100430180 was modified on 17 May 2024.
Charges
A charge with State Bank Of India of Rs. 22.15 Cr registered on 18 Dec 2020 with Charge ID 100399700 was modified on 16 Apr 2024.
Charges
A charge with State Bank Of India amounted to Rs. 0.25 Cr with Charge ID 100775556 was registered on 01 Sep 2023.
Charges
A charge with State Bank Of India amounted to Rs. 24.00 Cr with Charge ID 100430180 was registered on 27 Mar 2021.
Charges
A charge registered on 19 Jun 2020 via Charge ID 100372436 with Others was fully satisfied on 08 Mar 2021.
Charges
A charge registered on 07 Dec 2013 via Charge ID 10464709 with Bank Of Baroda was fully satisfied on 08 Mar 2021.
Charges
A charge registered on 15 Jun 2007 via Charge ID 10057235 with Others was fully satisfied on 05 Mar 2021.
Charges
A charge with State Bank Of India amounted to Rs. 22.15 Cr with Charge ID 100399700 was registered on 18 Dec 2020.
20 earlier events are in the company report.
Frequently asked questions
Suyog Life Sciences is an active private limited company based in Ankleshwar, Gujarat, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 25 April 2003 (23+ years old) and is registered under CIN U24231GJ2003PTC042287.
Suyog Life Sciences has 3 current directors:
- Himatbhai Anandbhai Devani - Whole-Time Director
- Snehal Chandreshbhai Devani - Whole-Time Director
- Chandreshbhai Anandbhai Devani - Director
The latest financial statements of Suyog Life Sciences 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 2015 are in the company report.
The GSTIN of Suyog Life Sciences is 24AAICS4936Q1ZO, registered in Gujarat.
The CIN (Corporate Identification Number) of Suyog Life Sciences is U24231GJ2003PTC042287. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Suyog Life Sciences was incorporated on 25 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Suyog Life Sciences by revenue are Reflux Pharmaceuticals Private Limited, Altis Finechem Private Limited, Tosco Pharma Private Limited, Tesla Chemicals Private Limited, Pharchem Private Limited and 3 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Himatbhai Anandbhai Devani ceased to be Director on 01 Aug 2020. Snehal Chandreshbhai Devani ceased to be Director on 01 Aug 2020. Jayasukhbhai Nanubhai Dudhat ceased to be Director on 12 Mar 2020. Suyog Life Sciences has 8 board changes on record in total.
Yes, Suyog Life Sciences is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-06-0003838).
Suyog Life Sciences has 11 MSME Form 1 returns on record between 2019 and 2023, listing 102 overdue payments to 44 micro and small suppliers. The latest return was filed on 22 Nov 2023.
Suyog Life Sciences can be reached through the website suyoginc.com. Its registered office is in Ankleshwar, Gujarat, India.
The registered office of Suyog Life Sciences is at Plot No. 145B G.I.D.C Estate, Ankleshwar, Gujarat, India – 393002.
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