MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-20-0012646
Trulay Pharmaceuticals Private Limited
Trulay Pharmaceuticals Private Limited - pharma in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.46 Cr
▼ 23% YoY
Net loss · FY 2024
₹75.47 Lakh
Net margin -51.7%
EBITDA · FY 2024
-₹61.96 Lakh
EBITDA margin -42.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
11 yrs
Est. 2015
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Trulay Pharmaceuticals Private Limited
Data last updated:
Trulay Pharmaceuticals Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 01 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ2015PTC084372. Its GSTIN is 24AAFCT4601A1Z1 (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Nisha Nirav Vithlani and Dharmeshbhai Kantibhai Vara.
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 Rajkot, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.46 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹75.47 Lakh (net margin -51.7%) and EBITDA of -₹61.96 Lakh (EBITDA margin -42.5%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 38% over five years.
Trulay Pharmaceuticals Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0012646). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24100GJ2015PTC084372
Registration Number 084372
Incorporation Date 01 September 2015
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 Micro
Udyam Registration UDYAM-GJ-20-0012646
Key People
Nisha Nirav Vithlani Director Dharmeshbhai Kantibhai Vara Director Rachana Gunjan Joshi Director Recognitions & Rankings of Trulay Pharmaceuticals
Contact details
Trulay Pharmaceuticals Private Limited's registered office is in Rajkot, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1st Floor Swastik Society Street No. 01 Next To Surbhi Dance Academy Near Amrapali Rail, Way Cross, Rajkot, Gujarat, India – 360007
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Trulay Pharmaceuticals Private Limited, buy the company report.
Comprehensive company report
Trulay 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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Business activity
The main business activity of Trulay Pharmaceuticals is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Trulay Pharmaceuticals Private Limited, buy the company report.
Financials of Trulay Pharmaceuticals Private Limited
FY 2025 filings availableTrulay Pharmaceuticals Private Limited reported revenue of ₹1.46 Cr (down 23% YoY) for FY 2024.
Revenue · FY 2024
₹1.46 Cr ▼ 23%
Net loss · FY 2024
₹75.47 Lakh margin -51.7%
EBITDA · FY 2024
-₹61.96 Lakh margin -42.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 23%
3 years · compounded
▲ 6%
5 years · compounded
▲ 38%
EBITDA CAGR growth
1 year
▼ 223%
3 years · compounded
▼ 71%
5 years · compounded
▼ 26%
Revenue fell 23% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 38%. EBITDA fell 223% 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 | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹61.96 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹75.47 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -42.5% | ||||
| Net Profit Margin | -51.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Trulay Pharmaceuticals Private Limited, buy the company report.
Board of directors of Trulay Pharmaceuticals Private Limited
Trulay Pharmaceuticals has 3 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 |
|---|---|---|---|---|
| Nisha Nirav Vithlani Also directs: Kavish Meditech LLP, Glam Zee LLP | Director | 01 Sep 2020 | 6 Years 2 Months | Current |
| Dharmeshbhai Kantibhai Vara Also directs: Nolen Lifesciences Private Limited | Director | 01 Sep 2015 | 11 Years 2 Months | Current |
| Rachana Gunjan Joshi | Director | 28 Dec 2018 | 7 Years 10 Months | Current |
Peer comparison
Trulay Pharmaceuticals Private Limited is compared with the 4 companies closest to it by revenue in the Pharma industry (Pharma Retail and Distribution, Pharmaceuticals), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sanctus Global Lifesciences Private Limited | ₹1.46 Cr (FY 2025) | 87.0% | Chandigarh, India | |||
| Triveni Surgimed Private Limited | ₹1.46 Cr (FY 2025) | 50.0% | New Delhi, Delhi, India | |||
| Trulay Pharmaceuticals Private Limitedthis company | ₹1.46 Cr (FY 2024) | -₹75.47 Lakh | -51.7% | -23.0% | Rajkot, Gujarat, India | |
| Musclemonk Nutrisports Private Limited | ₹1.46 Cr (FY 2024) | Manesar, Haryana, India | ||||
| Zoetic Pharmaceuticals Private Limited | ₹1.46 Cr (FY 2024) | 3.0% | Uttar Pradesh, India |
To see the full peer comparison of Trulay Pharmaceuticals Private Limited, buy the company report.
Auditor
Trulay Pharmaceuticals Private Limited is audited by PRANAV R SHAH & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRANAV R SHAH & CO | FY 2021 | 139686W |
Shareholding
The shareholding of Trulay Pharmaceuticals Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Trulay Pharmaceuticals Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Trulay 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
No delayed payments to MSME suppliers are on our record for Trulay Pharmaceuticals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Trulay Pharmaceuticals Private Limited has 1 active EPFO establishment as of Mar 29, 2024.
Active EPFO establishments
1
GST
Trulay Pharmaceuticals has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCT4601A1Z1 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Trulay Pharmaceuticals Private Limited, buy the company report.
Recent activity
Trulay Pharmaceuticals Private Limited has 5 board changes on record since 2015: 3 appointments and 2 cessations. The latest: Nirav Indubhai Vithlani ceased to be Director on 01 Sep 2020.
AGM
Trulay Pharmaceuticals Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Trulay Pharmaceuticals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Nirav Indubhai Vithlani ceased to be Director.
Appointed
Nisha Nirav Vithlani was appointed as Director.
Ceased
Rachana Gunjan Joshi ceased to be Additional Director.
Appointed
Rachana Gunjan Joshi was appointed as Director.
Appointed
Dharmeshbhai Kantibhai Vara was appointed as Director.
Incorporation
01 Sep 2015
Trulay Pharmaceuticals Private Limited was registered on 01 Sep 2015 with Roc Ahmedabad & aged 11 years 2 months as per MCA records.
Frequently asked questions
Trulay Pharmaceuticals is an active private limited company based in Rajkot, Gujarat, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 01 September 2015 (11+ years old) and is registered under CIN U24100GJ2015PTC084372.
Trulay Pharmaceuticals has 3 current directors:
- Nisha Nirav Vithlani - Director
- Dharmeshbhai Kantibhai Vara - Director
- Rachana Gunjan Joshi - Director
The latest financial statements of Trulay 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 FY 2016 are in the company report.
The GSTIN of Trulay Pharmaceuticals is 24AAFCT4601A1Z1, registered in Gujarat.
The CIN (Corporate Identification Number) of Trulay Pharmaceuticals is U24100GJ2015PTC084372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Trulay Pharmaceuticals was incorporated on 01 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Trulay Pharmaceuticals by revenue are Sanctus Global Lifesciences Private Limited, Triveni Surgimed Private Limited, Musclemonk Nutrisports Private Limited, Zoetic Pharmaceuticals Private Limited, all in the Pharma industry (Pharma Retail and Distribution, Pharmaceuticals), with the same principal business activity (wholesale trading).
Nirav Indubhai Vithlani ceased to be Director on 01 Sep 2020. Nisha Nirav Vithlani was appointed as Director on 01 Sep 2020. Rachana Gunjan Joshi ceased to be Additional Director on 30 Sep 2019. Trulay Pharmaceuticals has 5 board changes on record in total.
Yes, Trulay Pharmaceuticals is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-20-0012646).
The registered office of Trulay Pharmaceuticals is at 1st Floor Swastik Society Street No. 01 Next To Surbhi Dance Academy Near Amrapali Rail, Way Cross, Rajkot, Gujarat, India – 360007.
Trulay Pharmaceuticals operates in the pharma industry, in the pharmaceutical retailers and distributors segment.
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