About The Ethical Pharmaceutical Co. Private Limited
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The Ethical Pharmaceutical Co. Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Galentic Pharma India Pvt Ltd. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 12 October 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24200MH1981PTC025411. Its GSTIN is 27AAACT2756M1ZZ (Maharashtra).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹8.13 Lakh. It is led by directors Bhupendra Harkisandas Sangani (Managing Director) and Kamlesh Satyendra Vohra.
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 4th Floor Samruddhi Venture Park MIDC Central Road Marol Andheri(East), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.46 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹3.2 Lakh (net margin 20.7%) and EBITDA of ₹7.22 Lakh (EBITDA margin 46.7%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 1% over five years.
As per MCA filings, the company has satisfied charges of ₹1.74 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website galentic.com.
Company details
Contact details
The Ethical Pharmaceutical Co. Private Limited's registered office is in Mumbai, Maharashtra. Its website is galentic.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address4th Floor Samruddhi Venture Park MIDC Central Road Marol Andheri(East), Mumbai, Maharashtra, India – 400093
- IndustryPharma, Drug Formulation & Development
To see the full contact details of The Ethical Pharmaceutical Co. 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
Financials of The Ethical Pharmaceutical Co. Private Limited
FY 2025 filings availableThe Ethical Pharmaceutical Co. Private Limited reported revenue of ₹15.46 Lakh (down 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 30% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 43% 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 |
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| EBITDA | ₹7.22 Lakh | ||||
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| Net Profit (PAT) | ₹3.2 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 46.7% | ||||
| Net Profit Margin | 20.7% | ||||
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To see the full financial statements and ratios of The Ethical Pharmaceutical Co. Private Limited, buy the company report.
Board of directors of The Ethical Pharmaceutical Co. Private Limited
The Ethical Pharmaceutical Co has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhupendra Harkisandas Sangani Also directs: Galentic Pharma India Pvt Ltd | Managing Director | 12 Oct 1981 | 45 Years 0 Months | Current |
| Kamlesh Satyendra Vohra | Director | 12 Oct 1981 | 45 Years 0 Months | Current |
Auditor
The Ethical Pharmaceutical Co. Private Limited is audited by MEHTA CHOKSHI & SHAH for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHTA CHOKSHI & SHAH | FY 2023 | 106201W |
Shareholding
The shareholding of The Ethical Pharmaceutical Co. Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of The Ethical Pharmaceutical Co. Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Feb 2009 | 10144032 | Bank of Maharashtra | ₹11.38 Lakh | Satisfied | |
| 10 Mar 1999 | 90222995 | Bank of Maharashtra | ₹8 Lakh | Satisfied | |
| 05 Mar 1999 | 90222990 | Bank of Maharashtra | ₹49.5 Lakh | Satisfied | |
| 24 Aug 1998 | 90220315 | Maharashtra State Financial Corporation | ₹33.75 Lakh | Satisfied | |
| 04 Apr 1995 | 90222473 | Bank of Maharashtra | ₹50,000 | Satisfied |
To see the full charge records of The Ethical Pharmaceutical Co. Private Limited, buy the company report.
Total charge records: 17 View all charges
Legal cases
No court or tribunal cases involving The Ethical Pharmaceutical Co. 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
No delayed payments to MSME suppliers are on our record for The Ethical Pharmaceutical Co. Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
The Ethical Pharmaceutical Co has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT2756M1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of The Ethical Pharmaceutical Co. Private Limited, buy the company report.
Recent activity
The Ethical Pharmaceutical Co. Private Limited has 4 board changes on record since 1981: 3 appointments and 1 cessation. The latest: Cyrus Rustom Patel ceased to be Director on 08 Nov 2011.
34 earlier events are in the company report.
Frequently asked questions
The Ethical Pharmaceutical Co 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 12 October 1981 (45+ years old) and is registered under CIN U24200MH1981PTC025411.
The Ethical Pharmaceutical Co has 2 current directors:
- Bhupendra Harkisandas Sangani - Managing Director
- Kamlesh Satyendra Vohra - Director
The latest financial statements of The Ethical Pharmaceutical Co 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 The Ethical Pharmaceutical Co is 27AAACT2756M1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of The Ethical Pharmaceutical Co is U24200MH1981PTC025411. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The Ethical Pharmaceutical Co was incorporated on 12 October 1981, making it 45+ years old. It is registered with the Registrar of Companies, Mumbai.
Cyrus Rustom Patel ceased to be Director on 08 Nov 2011. Cyrus Rustom Patel was appointed as Director on 01 Apr 1994. Bhupendra Harkisandas Sangani was appointed as Managing Director on 12 Oct 1981. The Ethical Pharmaceutical Co has 4 board changes on record in total.
The Ethical Pharmaceutical Co can be reached through the website galentic.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of The Ethical Pharmaceutical Co is at 4th Floor Samruddhi Venture Park MIDC Central Road Marol AndheriEast, Mumbai, Maharashtra, India – 400093.
The Ethical Pharmaceutical Co operates in the pharma industry, in the drug formulation and development segment.
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