MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-UK-06-0002715
Thrift Pharmaceuticals Private Limited - pharma in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹24.95 Cr
▲ 11% YoY
Net profit · FY 2024
₹29.8 Lakh
Net margin 1.2%
EBITDA · FY 2024
₹88.11 Lakh
EBITDA margin 3.5%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹30 Lakh
Issued & subscribed
Open charges
₹40 Lakh
Satisfied ₹50 Lakh
Company age
30 yrs
Est. 1996
Employees · EPFO
42
Provident fund records
About Thrift Pharmaceuticals Private Limited
Data last updated:
Thrift Pharmaceuticals Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 18 July 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1996PTC030237. Its GSTIN is 05AACCT0592P1ZZ (Uttarakhand). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors including Manav Singh and Meenu Singh.
Its last annual general meeting (AGM) was held on 29 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 606 Basidhar Complexopp Polo Ground, Vadodara, Gujarat, India – 394220.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.95 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹29.8 Lakh (net margin 1.2%) and EBITDA of ₹88.11 Lakh (EBITDA margin 3.5%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 9% over five years.
The company has about 42 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Thrift Pharmaceuticals and Thrift Pharmaceuticals. As per MCA filings, the company has open charges of ₹40 Lakh and satisfied charges of ₹50 Lakh on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
Thrift Pharmaceuticals Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-UK-06-0002715). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thriftpharmaceuticals.com.
Company details
CIN U24231GJ1996PTC030237
Registration Number 030237
Incorporation Date 18 July 1996
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-UK-06-0002715
Recognitions & Rankings of Thrift Pharmaceuticals
Contact details
Thrift Pharmaceuticals Private Limited's registered office is in Vadodara, Gujarat. Its website is thriftpharmaceuticals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address606 Basidhar Complexopp Polo Ground, Vadodara, Gujarat, India – 394220
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Thrift Pharmaceuticals Private Limited, buy the company report.
Comprehensive company report
Thrift 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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Secure checkout · GST invoice included
Brands
Thrift Pharmaceuticals operates two associated brands: THRIFT PHARMACEUTICALS and Thrift Pharmaceuticals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides web hosting, website migration, and WordPress installation for users. | thriftpharma.com | |
| Pharmaceutical manufacturing, marketing, and medical supplies distribution services. | thriftpharmaceuticals.com |
Business activity
The main business activity of Thrift Pharmaceuticals 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 Thrift Pharmaceuticals Private Limited, buy the company report.
Financials of Thrift Pharmaceuticals Private Limited
FY 2024 filings availableThrift Pharmaceuticals Private Limited reported revenue of ₹24.95 Cr (up 11% YoY) for FY 2024.
Revenue · FY 2024
₹24.95 Cr ▲ 11%
Net profit · FY 2024
₹29.8 Lakh margin 1.2%
EBITDA · FY 2024
₹88.11 Lakh margin 3.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 18%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 12%
5 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 11% growth in the latest year. EBITDA fell 1% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹24.95 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹88.11 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹29.8 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.5% | ||||
| Net Profit Margin | 1.2% | ||||
| 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 Thrift Pharmaceuticals Private Limited, buy the company report.
Board of directors of Thrift Pharmaceuticals Private Limited
Thrift Pharmaceuticals has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manav Singh Also directs: Cavendish Bio Pharma Private Limited | Director | 15 May 2013 | 13 Years 5 Months | Current |
| Meenu Singh | Director | 15 Feb 2022 | 4 Years 8 Months | Current |
| Jagminder Singh Also directs: Cavendish Bio Pharma Private Limited | Director | 01 Aug 1996 | 30 Years 2 Months | Current |
Peer comparison
Thrift Pharmaceuticals Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Chemosyn Limited | ₹24.95 Cr (FY 2025) | -22.0% | Mumbai, Maharashtra, India | |||
| Thrift Pharmaceuticals Private Limitedthis company | ₹24.95 Cr (FY 2024) | ₹29.8 Lakh | 1.2% | 11.0% | 42 | Vadodara, Gujarat, India |
| Eucare Pharmaceuticals P Ltd | ₹24.93 Cr (FY 2024) | 31.0% | Tamil Nadu, India | |||
| Pyxus Pharmaceuticals Private Limited | ₹24.91 Cr (FY 2025) | -4.0% | Ahmedabad, Gujarat, India | |||
| Artura Pharmaceuticals Private Limited | ₹24.89 Cr (FY 2024) | 37.0% | Chennai, Tamil Nadu, India | |||
| Sumit Pharmaceuticals Private Limited | ₹24.86 Cr (FY 2025) | 34.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Thrift Pharmaceuticals Private Limited, buy the company report.
Auditor
Thrift Pharmaceuticals Private Limited is audited by PRAVEEN BANSAL & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRAVEEN BANSAL & ASSOCIATES | FY 2024 | 03864C |
Shareholding
The shareholding of Thrift Pharmaceuticals Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thrift Pharmaceuticals Private Limited, buy the company report.
Charges & borrowings
Open charges
₹40 Lakh
Satisfied charges
₹50 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2015 | 10575508 | Yes Bank Limited | ₹40 Lakh | Open | |
| 12 Jun 2013 | 10435349 | Punjab National Bank | ₹50 Lakh | Satisfied |
To see the full charge records of Thrift Pharmaceuticals Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Thrift Pharmaceuticals Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kurnool, Andhra Pradesh | Criminal complaint | Filed against the company by The State of Ap Rep by the Drug Inspector, Nandyal. | Pending |
To see the full case history of Thrift Pharmaceuticals Private Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Thrift Pharmaceuticals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Thrift Pharmaceuticals Private Limited has a workforce of 42 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
Employee count
42
Active EPFO establishments
2
Employee growth
-12.5%
GST
Thrift Pharmaceuticals has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AACCT0592P1ZZ | Uttarakhand | Active | 01 Jul 2017 |
| 09AACCT0592P1ZR | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thrift Pharmaceuticals Private Limited, buy the company report.
Recent activity
Thrift Pharmaceuticals Private Limited has 6 board changes on record since 1996: 3 appointments and 3 cessations. The latest: Naveen Kumar Utreja ceased to be Director on 27 Mar 2023.
AGM
Thrift Pharmaceuticals Private Limited last Annual general meeting of members was held on 29 Sep 2024 as per latest MCA records.
Filing
Thrift Pharmaceuticals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Naveen Kumar Utreja ceased to be Director.
Ceased
Meenu Singh ceased to be Additional Director.
Appointed
Meenu Singh was appointed as Director.
Ceased
Darshan Singh ceased to be Director.
Charges
A charge registered on 12 Jun 2013 via Charge ID 10435349 with Punjab National Bank was fully satisfied on 30 Apr 2015.
Charges
A charge with Yes Bank Limited amounted to Rs. 40.00 Lakh with Charge ID 10575508 was registered on 13 Mar 2015.
Charges
A charge with Punjab National Bank amounted to Rs. 50.00 Lakh with Charge ID 10435349 was registered on 12 Jun 2013.
Appointed
Manav Singh was appointed as Director.
Appointed
Jagminder Singh was appointed as Director.
Incorporation
18 Jul 1996
Thrift Pharmaceuticals Private Limited was registered on 18 Jul 1996 with Roc Ahmedabad & aged 30 years 3 months as per MCA records.
Frequently asked questions
Thrift Pharmaceuticals is an active private limited company based in Vadodara, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 18 July 1996 (30+ years old) and is registered under CIN U24231GJ1996PTC030237.
Thrift Pharmaceuticals has 3 current directors:
- Manav Singh - Director
- Meenu Singh - Director
- Jagminder Singh - Director
The latest financial statements of Thrift Pharmaceuticals on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Thrift Pharmaceuticals is 05AACCT0592P1ZZ, registered in Uttarakhand. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 09AACCT0592P1ZR (Uttar Pradesh).
The CIN (Corporate Identification Number) of Thrift Pharmaceuticals is U24231GJ1996PTC030237. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thrift Pharmaceuticals has 1 court case on record: 1 filed against it. 1 is pending.
Thrift Pharmaceuticals was incorporated on 18 July 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Thrift Pharmaceuticals by revenue are Chemosyn Limited, Eucare Pharmaceuticals P Ltd, Pyxus Pharmaceuticals Private Limited, Artura Pharmaceuticals Private Limited, Sumit Pharmaceuticals 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).
Naveen Kumar Utreja ceased to be Director on 27 Mar 2023. Meenu Singh ceased to be Additional Director on 30 Sep 2022. Meenu Singh was appointed as Director on 15 Feb 2022. Thrift Pharmaceuticals has 6 board changes on record in total.
Yes, Thrift Pharmaceuticals is registered as a small enterprise under Udyam registration (number: UDYAM-UK-06-0002715).
Thrift Pharmaceuticals can be reached through the website thriftpharmaceuticals.com. Its registered office is in Vadodara, Gujarat, India.