MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0005634
Suyog Pharmaceuticals Private Limited - pharma in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹5.69 Cr
▲ 25% YoY
Net loss · FY 2025
₹1.91 Cr
Net margin -33.6%
EBITDA · FY 2025
-₹1.06 Cr
EBITDA margin -18.5%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.68 Cr
Issued & subscribed
Open charges
₹50 Lakh
Satisfied ₹18.86 Cr
Company age
36 yrs
Est. 1990
Employees · EPFO
43
Provident fund records
About Suyog Pharmaceuticals Private Limited
Data last updated:
Suyog Pharmaceuticals Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 12 January 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24239MH1990PTC055025. Its GSTIN is 27AADCS8869F1ZU (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.68 Cr. It was formerly known as Suyog Pharmaceuticals Limited. It is led by directors including Bharatkumar Hemantlal Vasavada (Whole-Time Director) and Hema Rakesh Shah.
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 Flot No T/46 MIDC Boisartarapur Taluka Palghar, Thane, Maharashtra, India – 401506.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.69 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net loss of ₹1.91 Cr (net margin -33.6%) and EBITDA of -₹1.06 Cr (EBITDA margin -18.5%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 1% over five years.
The company has about 43 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Suyog Pharma. As per MCA filings, the company has open charges of ₹50 Lakh and satisfied charges of ₹18.86 Cr on record.
Suyog Pharmaceuticals Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0005634). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website suyogpharma.com.
Company details
CIN U24239MH1990PTC055025
Registration Number 055025
Incorporation Date 12 January 1990
ROC Mumbai
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-MH-19-0005634
Key People
Bharatkumar Hemantlal Vasavada Whole-Time Director Hema Rakesh Shah Director Jayesh Narendra Shah Director Recognitions & Rankings of Suyog Pharmaceuticals
Contact details
Suyog Pharmaceuticals Private Limited's registered office is in Thane, Maharashtra. Its website is suyogpharma.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlot No T/46 MIDC Boisartarapur Taluka Palghar, Thane, Maharashtra, India – 401506
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Suyog Pharmaceuticals Private Limited, buy the company report.
Comprehensive company report
Suyog Pharmaceuticals 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 Pharmaceuticals operates one associated brand: Suyog Pharma. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers contract manufacturing for pharmaceutical products, including liquid injectables and sterile ointments. | suyogpharma.com |
Business activity
The main business activities of Suyog Pharmaceuticals 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 Suyog Pharmaceuticals Private Limited, buy the company report.
Financials of Suyog Pharmaceuticals Private Limited
FY 2025 filings availableSuyog Pharmaceuticals Private Limited reported revenue of ₹5.69 Cr (up 25% YoY) for FY 2025.
Revenue · FY 2025
₹5.69 Cr ▲ 25%
Net loss · FY 2025
₹1.91 Cr margin -33.6%
EBITDA · FY 2025
-₹1.06 Cr margin -18.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 8%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 32%
3 years · compounded
▲ 1%
5 years · compounded
▼ 8%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 25% growth in the latest year. EBITDA rose 32% 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 | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.91 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 | -18.5% | ||||
| Net Profit Margin | -33.6% | ||||
| 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 Suyog Pharmaceuticals Private Limited, buy the company report.
Board of directors of Suyog Pharmaceuticals Private Limited
Suyog Pharmaceuticals has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharatkumar Hemantlal Vasavada | Whole-Time Director | 01 Oct 2006 | 20 Years 1 Months | Current |
| Hema Rakesh Shah Also directs: G. Loucatos and Company Private Limited | Director | 01 Apr 2022 | 4 Years 7 Months | Current |
| Jayesh Narendra Shah | Director | 12 Jul 1990 | 36 Years 3 Months | Current |
| Rakesh Narendra Shah | Director | 12 Jul 1990 | 36 Years 3 Months | Current |
Peer comparison
Suyog Pharmaceuticals Private Limited is compared with the 4 companies closest to it by revenue in the Pharma industry (Formulations, Pharmaceuticals), 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 |
|---|---|---|---|---|---|---|
| Actiza Pharmaceutical Private Limited | ₹5.71 Cr (FY 2025) | 23.0% | Surat, Gujarat, India | |||
| Sowilo India Pharmaceuticals Private Limited | ₹5.69 Cr (FY 2025) | 35.0% | Delhi, India | |||
| Suyog Pharmaceuticals Private Limitedthis company | ₹5.69 Cr (FY 2025) | -₹1.91 Cr | -33.6% | 25.0% | 43 | Thane, Maharashtra, India |
| Genova Biotechniques Private Limited | ₹5.69 Cr (FY 2025) | -6.0% | Hyderabad, Telangana, India | |||
| Mico Petrochem Private Limited | ₹5.67 Cr (FY 2024) | 1.0% | Delhi, India |
To see the full peer comparison of Suyog Pharmaceuticals Private Limited, buy the company report.
Auditor
Suyog Pharmaceuticals Private Limited is audited by JITENDRA M KAPADIA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JITENDRA M KAPADIA | FY 2023 | 036307 |
Shareholding
The shareholding of Suyog Pharmaceuticals 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Suyog Pharmaceuticals Private Limited, buy the company report.
Charges & borrowings
Open charges
₹50 Lakh
Satisfied charges
₹18.86 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Sep 2016 | 100051907 | Others | ₹50 Lakh | Open | |
| 15 Sep 2016 | 100051909 | Others | ₹6.23 Cr | Satisfied | |
| 12 Apr 2012 | 10350055 | The Saraswat Co-Operative Bank Ltd | ₹37.5 Lakh | Satisfied | |
| 13 Dec 2007 | 10081715 | The Saraswat Co-Op Bank Ltd | ₹48 Lakh | Satisfied | |
| 13 Dec 2007 | 10082161 | The Saraswat Co-Op Bank Ltd | ₹25 Lakh | Satisfied |
To see the full charge records of Suyog Pharmaceuticals Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
No court or tribunal cases involving Suyog Pharmaceuticals Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Suyog Pharmaceuticals Private Limited has 3 MSME Form 1 returns on record between 2017 and 2019, listing 4 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Contec Airflow Projects Private Limited | |||
| N.K.P. Pharma Private Limited | |||
| Aseptic Technocraft Private Limited | |||
| Panasia Engineers Private Limited |
To see the full MSME payment records of Suyog Pharmaceuticals Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Suyog Pharmaceuticals Private Limited has a workforce of 43 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
43
Active EPFO establishments
1
Employee growth
-2.27%
GST
Suyog Pharmaceuticals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCS8869F1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Suyog Pharmaceuticals Private Limited, buy the company report.
Recent activity
Suyog Pharmaceuticals Private Limited has 6 board changes on record since 1990: 4 appointments and 2 cessations. The latest: Hema Rakesh Shah ceased to be Additional Director on 30 Sep 2022.
AGM
Suyog Pharmaceuticals Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Suyog Pharmaceuticals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Hema Rakesh Shah ceased to be Additional Director.
Appointed
Hema Rakesh Shah was appointed as Director.
Charges
A charge registered on 15 Sep 2016 via Charge ID 100051909 with Others was fully satisfied on 20 Dec 2018.
Charges
A charge with Others of Rs. 0.50 Cr registered on 03 Sep 2016 with Charge ID 100051907 was modified on 20 Dec 2018.
Charges
A charge with Others of Rs. 6.23 Cr registered on 15 Sep 2016 with Charge ID 100051909 was modified on 10 Nov 2017.
Charges
A charge registered on 31 Dec 1999 via Charge ID 90158971 with State Bank Of India was fully satisfied on 27 Sep 2017.
Charges
A charge with Others amounted to Rs. 6.23 Cr with Charge ID 100051909 was registered on 15 Sep 2016.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100051907 was registered on 03 Sep 2016.
Charges
A charge registered on 12 Apr 2012 via Charge ID 10350055 with The Saraswat Co-Operative Bank Ltd was fully satisfied on 26 Nov 2013.
Charges
A charge registered on 13 Dec 2007 via Charge ID 10081715 with The Saraswat Co-Op Bank Ltd was fully satisfied on 26 Nov 2013.
15 earlier events are in the company report.
Frequently asked questions
Suyog Pharmaceuticals is an active private limited company based in Thane, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 12 January 1990 (36+ years old) and is registered under CIN U24239MH1990PTC055025.
Suyog Pharmaceuticals has 4 current directors:
- Bharatkumar Hemantlal Vasavada - Whole-Time Director
- Hema Rakesh Shah - Director
- Jayesh Narendra Shah - Director
- Rakesh Narendra Shah - Director
The latest financial statements of Suyog Pharmaceuticals 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 Pharmaceuticals is 27AADCS8869F1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Suyog Pharmaceuticals is U24239MH1990PTC055025. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Suyog Pharmaceuticals was incorporated on 12 January 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Suyog Pharmaceuticals by revenue are Actiza Pharmaceutical Private Limited, Sowilo India Pharmaceuticals Private Limited, Genova Biotechniques Private Limited, Mico Petrochem Private Limited, all in the Pharma industry (Formulations, Pharmaceuticals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Hema Rakesh Shah ceased to be Additional Director on 30 Sep 2022. Hema Rakesh Shah was appointed as Director on 01 Apr 2022. Bharatkumar Hemantlal Vasavada ceased to be Director on 01 Apr 2009. Suyog Pharmaceuticals has 6 board changes on record in total.
Yes, Suyog Pharmaceuticals is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0005634).
Suyog Pharmaceuticals has 3 MSME Form 1 returns on record between 2017 and 2019, listing 4 overdue payments to 4 micro and small suppliers. The latest return was filed on 29 May 2019.
Suyog Pharmaceuticals can be reached through the website suyogpharma.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Suyog Pharmaceuticals is at Flot No T46 MIDC Boisartarapur Taluka Palghar, Thane, Maharashtra, India – 401506.
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