Theo Pharma Pvt Ltd
About Theo Pharma Pvt Ltd
Data last updated:
Theo Pharma Pvt Ltd is a private limited company based in Ahmedabad, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 15 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1995PTC024652. Its GSTIN is 24AAACT7013P1Z7 (Gujarat).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹35 Lakh. It is led by directors including Ashokkumar Damodardas Shah and Mihir Ashokbhai 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 401 Sachet – III Nr. Shankar Society Mirambika Road Naranpura., Ahmedabad, Gujarat, India – 380013.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.91 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹10.48 Lakh (net margin 0.7%) and EBITDA of ₹88.64 Lakh (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 7% over five years.
The company has about 48 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6.17 Cr and satisfied charges of ₹13.23 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address401 Sachet – III Nr. Shankar Society Mirambika Road Naranpura., Ahmedabad, Gujarat, India – 380013
- IndustryPharma, Drug Formulation & Development
- 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
- One PDF report, delivered after checkout
Business Activity of Theo Pharma Pvt Ltd
The main business activity of Theo Pharma is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Theo Pharma Pvt Ltd FY 2025 filings available
Theo Pharma Pvt Ltd reported revenue of ₹14.91 Cr (up 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Theo Pharma Pvt Ltd
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 26% growth in the latest year. EBITDA rose 33% 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 Theo Pharma Pvt Ltd
| 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 | ₹88.64 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.48 Lakh | •••• | •••• | •••• | •••• |
| 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 Theo Pharma Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.7% | •••• | •••• | •••• | •••• |
| 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 Theo Pharma are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Theo Pharma Pvt Ltd
Theo Pharma Pvt Ltd is compared with the companies closest to it by revenue in the Pharma industry (Formulations). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kras Pharmaceuticals Private Limited | ₹15.05 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Fatuha, Bihar, India |
| Kansas Laboratories Pvt Ltd | ₹15.04 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Kolkata, West Bengal, India |
| Grindlays Pharmaceuticals Pvt Ltd | ₹14.96 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | Mumbai, Maharashtra, India |
| Santexo Pharma Private Limited | ₹14.95 Cr (FY 2025) | •••• | •••• | 86.0% | •••• | New Delhi, Delhi, India |
| Revive Formulations India Private Limited | ₹14.93 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Vanur, Tamil Nadu, India |
| Theo Pharma Pvt Ltd this company | ₹14.91 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Ahmedabad, Gujarat, India |
| Raymed Pharmaceuticals Limited | ₹14.9 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Chandigarh, India |
| G S S Pharma Private Limited | ₹14.87 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Whitefield, Karnataka, India |
| Tuttsan Pharma Private Limited | ₹14.87 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Kalol, Gujarat, India |
| Kureasia Pharma Private Limited | ₹14.86 Cr (FY 2024) | •••• | •••• | 56.0% | •••• | New Delhi, Delhi, India |
| B D Pharmaceutical Works Private Limited | ₹14.82 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Theo Pharma by revenue in the Pharma industry (Formulations), 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 Theo Pharma Pvt Ltd
Theo Pharma Pvt Ltd is audited by RAJESH J. SHAH & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJESH J. SHAH & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Theo Pharma Pvt Ltd
Theo Pharma has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashokkumar Damodardas Shah | Director | 15 Feb 1995 | 31 Years 7 Months | Current |
| Mihir Ashokbhai Shah | Director | 01 Apr 2004 | 22 Years 6 Months | Current |
| Prajesh Ashokkumar Shah | Director | 05 Sep 2005 | 21 Years 1 Months | Current |
Ownership and Shareholding of Theo Pharma Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Theo Pharma Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Sep 2025 | Others | ₹6.17 Cr | Open |
| 06 Apr 2024 | The Kalupur Commercial Co-Operative Bank Limited | ₹1.27 Cr | Satisfied |
| 11 Jul 2022 | The Kalupur Commercial Co-Operative Bank Limited | ₹1 Cr | Satisfied |
| 14 Aug 2020 | The Kalupur Commercial Co-Operative Bank Limited | ₹30 Lakh | Satisfied |
| 25 Jul 2017 | The Kalupur Commercial Co-Operative Bank Limited | ₹16.3 Lakh | Satisfied |
Total charge records: 9 View all charges
Legal Cases of Theo Pharma Pvt Ltd
Theo Pharma Pvt Ltd has 4 court cases on record: 3 filed by Theo Pharma, 1 filed against it. 3 cases are pending and 1 is disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 2 |
| District courts | 2 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Criminal miscellaneous application | Filed by the company against State THR Drug Inspector LDH | Pending |
| High Court of Punjab and Haryana | Criminal miscellaneous application | Filed by the company against State of Punjab | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Civil suit | Filed against the company by an individual | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Theo Pharma Pvt Ltd
Theo Pharma Pvt Ltd has 6 MSME Form 1 returns on record between 2019 and 2022, listing 123 overdue payments to 24 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 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Apex Distributors | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Ishita Active Pharma Ingredients Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 6 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Theo Pharma Pvt Ltd
Theo Pharma Pvt Ltd has a workforce of 48 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Theo Pharma Pvt Ltd
Theo Pharma Pvt Ltd has 4 board changes on record since 1995: 3 appointments and 1 cessation. The latest: Varshaben Ashokkumar Shah ceased to be Director on 31 Jan 2019.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Theo Pharma Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Theo Pharma Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Theo Pharma Pvt Ltd
Theo Pharma has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACT7013P1Z7 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Theo Pharma Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Theo Pharma Pvt Ltd
Theo Pharma is an active private limited company based in Ahmedabad, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 15 February 1995 (31+ years old) and is registered under CIN U24231GJ1995PTC024652.
Theo Pharma reported revenue of ₹14.91 Cr for FY 2025 (up 26% YoY).
Theo Pharma has 3 current directors:
- Ashokkumar Damodardas Shah - Director
- Mihir Ashokbhai Shah - Director
- Prajesh Ashokkumar Shah - Director
Theo Pharma reported a net profit of ₹10.48 Lakh (net margin 0.7%) and EBITDA of ₹88.64 Lakh (EBITDA margin 5.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Theo Pharma is 10% over three years and 7% over five years. In the latest year (FY 2025) revenue rose 26%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Theo Pharma is 24AAACT7013P1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Theo Pharma is U24231GJ1995PTC024652. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Theo Pharma has 4 court cases on record: 3 filed by the company and 1 filed against it. 3 are pending. Most are in the high courts.
Theo Pharma was incorporated on 15 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Theo Pharma by revenue are Kras Pharmaceuticals Private Limited, Kansas Laboratories Pvt Ltd, Grindlays Pharmaceuticals Pvt Ltd, Santexo Pharma Private Limited, Revive Formulations India Private Limited and 5 more, all in the Pharma industry (Formulations).
Varshaben Ashokkumar Shah ceased to be Director on 31 Jan 2019. Prajesh Ashokkumar Shah was appointed as Director on 05 Sep 2005. Mihir Ashokbhai Shah was appointed as Director on 01 Apr 2004. Theo Pharma has 4 board changes on record in total.
Theo Pharma has 6 MSME Form 1 returns on record between 2019 and 2022, listing 123 overdue payments to 24 micro and small suppliers. The latest return was filed on 26 Apr 2022.