Ultratech India Limited

Ultratech India Limited - pharma in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U24110MH1992PLC067786 Incorporated 20 July 1992 ROC Mumbai HQ Navi Mumbai, Maharashtra, India
Active Public Limited Company pharma MSME · Small
Data last updated
Revenue · FY 2025
₹50.24 Cr
▲ 84% YoY
Net profit · FY 2025
₹5.11 Cr
Net margin 10.2%
EBITDA · FY 2025
₹10.6 Cr
EBITDA margin 21.1%
Authorised capital
₹12.2 Cr
Registered with MCA
Paid-up capital
₹11.98 Cr
Issued & subscribed
Open charges
₹27.35 Cr
Satisfied ₹53.35 Cr
Company age
34 yrs
Est. 1992
Employees · EPFO
50
Provident fund records

About Ultratech India Limited

Data last updated:

Ultratech India Limited is a public limited company based in Navi Mumbai, Maharashtra, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 20 July 1992 and has been in existence for over 34 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1992PLC067786. Its GSTIN is 27AAACU3593K1ZX (Maharashtra). The company holds 3 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹12.2 Cr and a paid-up capital of ₹11.98 Cr. It was formerly known as Ultratech Speciality Chemicals Private Limited and Ultra Tech Speciality Chemicals Private Limited. It is led by directors including Rishi Vedprakash Bhatia (Managing Director) and Shashank Dilip Meshram.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 113 J K Chambers Sector – 17 Vashi, Navi Mumbai, Maharashtra, India – 400703.

As per the financials filed for FY 2025, the company reported a revenue of ₹50.24 Cr, a growth of 84% compared to the previous year. For the same year it recorded a net profit of ₹5.11 Cr (net margin 10.2%) and EBITDA of ₹10.6 Cr (EBITDA margin 21.1%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 5% over five years.

The company has about 50 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Ultratech India. As per MCA filings, the company has open charges of ₹27.35 Cr and satisfied charges of ₹53.35 Cr on record. Court records list 20 cases involving the company, including 6 filed by the company and 14 filed against it; 6 cases are pending. The company has 22 deals on record (10 funding rounds, 8 secondary share transfers, 4 rights issues), with disclosed funding of ₹7.19 Cr; the latest was in September 2020. Its 6 peer companies in the Pharma industry (API Manufacturers, Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 3 smaller; the largest is Kreative Organics Private Limited with revenue of ₹50.74 Cr. The company has 25 MSME Form 1 returns on record between 2016 and 2024, listing 487 overdue payments to 130 micro and small suppliers.

Ultratech India Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-27-0044404). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ultratechindia.com.

Company details

CIN U24110MH1992PLC067786
Registration Number 067786
Incorporation Date 20 July 1992
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-27-0044404

Name history

Ultratech India has undergone 3 name changes throughout its history. The company was previously known as Ultratech Speciality Chemicals Private Limited, Ultra Tech Speciality Chemicals Private Limited, and Ultra-Tech Speciality Chemicals Private Limited. The current legal name is Ultratech India Limited.

Company NameStatus
Ultratech India LimitedCurrent
Ultratech Speciality Chemicals Private LimitedPrevious
Ultra Tech Speciality Chemicals Private LimitedPrevious
Ultra-Tech Speciality Chemicals Private LimitedPrevious
Key People
Rishi Vedprakash Bhatia Managing Director Shashank Dilip Meshram Director Manoj Yadneshwar Thakur Director

Recognitions & Rankings of Ultratech India

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-MH-27-0044404

Contact details

Ultratech India Limited's registered office is in Navi Mumbai, Maharashtra. Its website is ultratechindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ultratechindia.com
  • Registered Address
    113 J K Chambers Sector – 17 Vashi, Navi Mumbai, Maharashtra, India – 400703
  • Industry
    Pharma, API Manufacturers, Drug Formulation & Development

To see the full contact details of Ultratech India Limited, buy the company report.

Comprehensive company report
Ultratech India 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

Ultratech India operates one associated brand: Ultratech India. Each brand links to its own profile.

BrandDescriptionWebsite
Ultratech India
Manufactures pharmaceutical finished dosage forms, APIs, drug intermediates, and offers custom research services.ultratechindia.com

Business activity

The main business activity of Ultratech India is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Ultratech India Limited, buy the company report.

Financials of Ultratech India Limited

FY 2024 filings available

Ultratech India Limited reported revenue of ₹50.24 Cr (up 84% YoY) for FY 2025.

Revenue · FY 2025
₹50.24 Cr ▲ 84%
Net profit · FY 2025
₹5.11 Cr margin 10.2%
EBITDA · FY 2025
₹10.6 Cr margin 21.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 84%
3 years · compounded
▲ 31%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 187%
3 years · compounded
▲ 93%
5 years · compounded
▼ 10%

Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 84% growth in the latest year. EBITDA rose 187% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹10.6 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹5.11 Cr
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin21.1%
Net Profit Margin10.2%
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 Ultratech India Limited, buy the company report.

Board of directors of Ultratech India Limited

Ultratech India has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Shashank Dilip MeshramDirector29 Jun 20242 Years 4 MonthsCurrent
Manoj Yadneshwar ThakurDirector27 Aug 20206 Years 2 MonthsCurrent
Ramnaresh Rajkumar AgrawalDirector01 Aug 20179 Years 3 MonthsCurrent
Rishi Vedprakash BhatiaManaging Director22 Jul 199234 Years 3 MonthsCurrent
Meena BhatiaDirector01 Mar 201115 Years 8 MonthsCurrent
View all directors

Peer comparison

Ultratech India Limited is compared with the 6 companies closest to it by revenue in the Pharma industry (API Manufacturers, Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Kreative Organics Private Limited₹50.74 Cr (FY 2023)6.0%Hyderabad, Telangana, India
Gujarat Terce Laboratories Limited₹50.5 Cr (FY 2025)5.0%Gandhinagar, Gujarat, India
Vannsh Life Sciences Private Limited₹50.34 Cr (FY 2024)13.0%Hyderabad, Telangana, India
Ultratech India Limitedthis company₹50.24 Cr (FY 2025)₹5.11 Cr10.2%84.0%50Navi Mumbai, Maharashtra, India
Spica Laboratories Private Limited₹50.21 Cr (FY 2025)-4.0%Hyderabad, Telangana, India
GGC Chemicals & Pharmaceuticals Private Limited₹50.18 Cr (FY 2025)202.0%Savli, Gujarat, India
Aparna Organics Limited₹50.16 Cr (FY 2023)-57.0%Hyderabad, Telangana, India

To see the full peer comparison of Ultratech India Limited, buy the company report.

Auditor

Ultratech India Limited is audited by M/s. Dhaval Mehta & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
M/s. Dhaval Mehta & AssociatesFY 2023134287W

Shareholding

The shareholding of Ultratech India 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Ultratech India Limited, buy the company report.

Charges & borrowings

Open charges
₹27.35 Cr
Satisfied charges
₹53.35 Cr
Breakdown by lending institutions
State Bank of India₹27.35 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
01 Nov 2022100643155State Bank of India₹27.35 CrOpen
12 Jul 2018100191575Karnataka Bank Ltd.₹14.25 CrSatisfied
30 Jan 201510547431Idbi Bank Limited₹17 CrSatisfied
30 Jan 201510547438Idbi Bank Limited₹9 CrSatisfied
21 Jul 201210368177Oriental Bank of Commerce₹6.55 CrSatisfied

To see the full charge records of Ultratech India Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

Ultratech India Limited has 22 deals on record (10 funding rounds, 8 secondary share transfers, 4 rights issues), with disclosed funding of ₹7.19 Cr; the latest was in September 2020.

Total deals
22
Funding rounds
10
Secondary share transfers
8
Rights issues
4
Disclosed funding
₹7.19 Cr

Deals on record (5 of 22)

WhenDealAmountParties
Sep 2020Rights issue₹2.27 CrInvestors: 2 individuals
Seller: an individual
Aug 2020Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Sep 2018Secondary share transferUndisclosedBuyer: an individual
Seller: 3 individuals
Mar 2018Rights issue₹1.4 LakhInvestors: 2 individuals
Mar 2017Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals

To see the full deal history of Ultratech India Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Ultratech India Limited has 25 MSME Form 1 returns on record between 2016 and 2024, listing 487 overdue payments to 130 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 130)

SupplierAmount dueDue sinceReported on
an individual supplier
Simson Pharma Limited
National Chemical Co
an individual supplier
an individual supplier

To see the full MSME payment records of Ultratech India Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Ultratech India Limited has a workforce of 50 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
50
Active EPFO establishments
1
Employee growth
28.21%

GST

Ultratech India has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AAACU3593K1ZXMaharashtraActive01 Jul 2017
07AAACU3593K1ZZDelhiActive15 Jan 2025

To see the full GST registrations and return filing status of Ultratech India Limited, buy the company report.

Recent activity

Ultratech India Limited has 12 board changes on record since 1992: 5 appointments and 7 cessations. The latest: Alok Bhatia ceased to be Director on 17 Jan 2025.

Charges
A charge with State Bank Of India of Rs. 27.35 Cr registered on 01 Nov 2022 with Charge ID 100643155 was modified on 27 May 2025.
Ceased
Alok Bhatia ceased to be Director.
AGM
Ultratech India Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Shashank Dilip Meshram ceased to be Additional Director.
Appointed
Shashank Dilip Meshram was appointed as Director.
Filing
Ultratech India Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Shahzad Ali ceased to be Additional Director.
Charges
A charge with State Bank Of India amounted to Rs. 27.35 Cr with Charge ID 100643155 was registered on 01 Nov 2022.
Ceased
Kashyap Kumar Agrawal ceased to be Director.
Ceased
Vedprakash Mangaldas Bhatia ceased to be Director.
Appointed
Manoj Yadneshwar Thakur was appointed as Director.
Charges
A charge registered on 30 Jan 2015 via Charge ID 10547438 with Idbi Bank Limited was fully satisfied on 30 Apr 2019.

18 earlier events are in the company report.

Frequently asked questions

Ultratech India is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 20 July 1992 (34+ years old) and is registered under CIN U24110MH1992PLC067786.

Ultratech India has 5 current directors:

The latest financial statements of Ultratech India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Ultratech India is 27AAACU3593K1ZX, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAACU3593K1ZZ (Delhi).

The CIN (Corporate Identification Number) of Ultratech India is U24110MH1992PLC067786. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Ultratech India has 20 court cases on record: 6 filed by the company and 14 filed against it. 6 are pending. Most are in the district courts.

Ultratech India was incorporated on 20 July 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.

Ultratech India has 22 deals on record (10 funding rounds, 8 secondary share transfers, 4 rights issues), with disclosed funding of ₹7.19 Cr; the latest was in September 2020.

The peers of Ultratech India by revenue are Kreative Organics Private Limited, Gujarat Terce Laboratories Limited, Vannsh Life Sciences Private Limited, Spica Laboratories Private Limited, GGC Chemicals & Pharmaceuticals Private Limited and 1 more, all in the Pharma industry (API Manufacturers, Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Alok Bhatia ceased to be Director on 17 Jan 2025. Shashank Dilip Meshram ceased to be Additional Director on 29 Sep 2024. Shashank Dilip Meshram was appointed as Director on 29 Jun 2024. Ultratech India has 12 board changes on record in total.

Yes, Ultratech India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-27-0044404).

Ultratech India has 25 MSME Form 1 returns on record between 2016 and 2024, listing 487 overdue payments to 130 micro and small suppliers. The latest return was filed on 01 May 2024.