About Vapi Care Pharma Private Limited
Data last updated:
Vapi Care Pharma Private Limited is a private limited company based in Valsad, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 22 March 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24231GJ1996PTC029124. Its GSTIN is 24AAACV8291M1ZT (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹80.81 Lakh. It is led by directors Kamal Jayantilal Shah (Managing Director) and Hitesh Harakhchand Shah.
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 225/3 G I D C Near Morarji Circle, Valsad, Gujarat, India – 396195.
As per the financials filed for FY 2025, the company reported a revenue of ₹76.81 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹1.63 Cr (net margin 2.1%) and EBITDA of ₹4.62 Cr (EBITDA margin 6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
The company has about 100 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹28.92 Cr and satisfied charges of ₹118.85 Cr on record. Court records list 54 cases involving the company, including 17 filed by the company and 24 filed against it; 8 cases are pending. The company has 14 deals on record (14 secondary share transfers); the latest was in December 2023. Its 10 peer companies in the Pharma industry (Formulations) are compared by revenue, 5 larger and 5 smaller; the largest is Lark Laboratories (India) Ltd with revenue of ₹77.99 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 299 overdue payments to 45 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vapicare.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address225/3 G I D C Near Morarji Circle, Valsad, Gujarat, India – 396195
- 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 Vapi Care Pharma Private Limited
The main business activity of Vapi Care 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 Vapi Care Pharma Private Limited FY 2024 filings available
Vapi Care Pharma Private Limited reported revenue of ₹76.81 Cr (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Vapi Care Pharma Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 11% fall in the latest year. EBITDA fell 17% 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 Vapi Care Pharma Private Limited
| 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 | ₹4.62 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.63 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 of Vapi Care Pharma Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.1% | •••• | •••• | •••• | •••• |
| 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 Vapi Care 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 Vapi Care Pharma Private Limited
Vapi Care Pharma Private Limited 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 |
|---|---|---|---|---|---|---|
| Lark Laboratories (India) Ltd | ₹77.99 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | New Delhi, Delhi, India |
| Astra Lifecare (India) Private Limited | ₹77.75 Cr (FY 2019) | •••• | •••• | -26.0% | •••• | Ahmedabad, Gujarat, India |
| Universal Medicare Private Limited | ₹77.59 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Mumbai, Maharashtra, India |
| Asence Pharma Private Limited | ₹77.56 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Vadodara, Gujarat, India |
| Vasa Pharma Chem Pvt Ltd | ₹77.38 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Ahmedabad, Gujarat, India |
| Vapi Care Pharma Private Limited this company | ₹76.81 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Valsad, Gujarat, India |
| Aritex Industries Private Limited | ₹76.79 Cr (FY 2024) | •••• | •••• | 57.0% | •••• | Ludhiana, Punjab, India |
| Eskag Pharma Pvt Ltd | ₹76.72 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Kolkata, West Bengal, India |
| Mercury Laboratories Limited Listed | ₹76.17 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Vovantis Laboratories Private Limited | ₹76.05 Cr (FY 2025) | •••• | •••• | 67.0% | •••• | Vadodara, Gujarat, India |
| Higlance Laboratories Private Limited | ₹75.98 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Vapi Care 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 Vapi Care Pharma Private Limited
Vapi Care Pharma Private Limited is audited by KAKARIA AND ASSOCIATES LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KAKARIA AND ASSOCIATES LLP | 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 Vapi Care Pharma Private Limited
Vapi Care Pharma has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hitesh Harakhchand Shah | Director | 04 Oct 2018 | 8 Years 0 Months | Current |
| Kamal Jayantilal Shah | Managing Director | 22 Mar 1996 | 30 Years 6 Months | Current |
Ownership and Shareholding of Vapi Care Pharma Private Limited
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 Vapi Care Pharma Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Sep 2023 | Others | ₹20 Lakh | Open |
| 07 Mar 2023 | Others | ₹29.75 Lakh | Open |
| 30 Jan 2023 | Others | ₹15.85 Lakh | Open |
| 03 Dec 2022 | Others | ₹35 Lakh | Open |
| 22 Nov 2016 | Others | ₹18.11 Cr | Open |
Total charge records: 17 View all charges
Deals & Funding of Vapi Care Pharma Private Limited
Vapi Care Pharma Private Limited has 14 deals on record (14 secondary share transfers); the latest was in December 2023.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| May 2021 | Secondary share transfer | Undisclosed | Seller: Jayantibhai P Shah HUF, 3 individuals |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: Kamal Jayantilal Shah HUF, 2 individuals Seller: Micron Pharmaceutical, an individual |
Full deal history
All 14 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Vapi Care Pharma Private Limited
Vapi Care Pharma Private Limited has 54 court cases on record: 17 filed by Vapi Care Pharma, 24 filed against it, 13 where it is another party. 8 cases are pending and 46 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 34 | 11 | 4 |
| District courts | 19 | 13 | 4 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Dakshin Gujarat Vij Company Limited | Disposed |
| Bombay High Court | Court case (CHS) | Filed against the company by Wander Private Limited | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Wander Private Limited | Disposed |
| Bombay High Court | Court case (S) | Filed against the company by Wanbury Limited | Disposed |
| Bombay High Court | Court case (APP) | Filed by the company against Wander Private Limited | Disposed |
Full case history
All 54 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 Vapi Care Pharma Private Limited
Vapi Care Pharma Private Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 299 overdue payments to 45 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 45)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Optomech Engineers Pvt Ltd | •••• | •••• | •••• |
| Atco Engineer Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Disha Apis Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 10 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 Vapi Care Pharma Private Limited
Vapi Care Pharma Private Limited has a workforce of 100 employees as of Apr 05, 2025.
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 Vapi Care Pharma Private Limited
Vapi Care Pharma Private Limited has 5 board changes on record since 1996: 2 appointments and 3 cessations. The latest: Kamlesh Vithaldas Mehta ceased to be Director on 05 Oct 2018.
29 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vapi Care Pharma Private Limited
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 Vapi Care Pharma Private Limited
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 Vapi Care Pharma Private Limited
Vapi Care Pharma has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACV8291M1ZT | Gujarat | Active | 01 Jul 2017 |
| 02AAACV8291M1ZZ | Himachal Pradesh | 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 Vapi Care Pharma Private Limited
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 Vapi Care Pharma Private Limited
Vapi Care Pharma is an active private limited company based in Valsad, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 22 March 1996 (30+ years old) and is registered under CIN U24231GJ1996PTC029124.
Vapi Care Pharma reported revenue of ₹76.81 Cr for FY 2025 (down 11% YoY).
Vapi Care Pharma has 2 current directors:
- Kamal Jayantilal Shah - Managing Director
- Hitesh Harakhchand Shah - Director
Vapi Care Pharma reported a net profit of ₹1.63 Cr (net margin 2.1%) and EBITDA of ₹4.62 Cr (EBITDA margin 6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vapi Care Pharma is 1% over three years and -2% over five years. In the latest year (FY 2025) revenue fell 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vapi Care Pharma is 24AAACV8291M1ZT, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 02AAACV8291M1ZZ (Himachal Pradesh).
The CIN (Corporate Identification Number) of Vapi Care Pharma is U24231GJ1996PTC029124. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vapi Care Pharma has 54 court cases on record: 17 filed by the company and 24 filed against it. 8 are pending. Most are in the high courts.
Vapi Care Pharma was incorporated on 22 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vapi Care Pharma has 14 deals on record (14 secondary share transfers); the latest was in December 2023.
The peers of Vapi Care Pharma by revenue are Lark Laboratories (India) Ltd, Astra Lifecare (India) Private Limited, Universal Medicare Private Limited, Asence Pharma Private Limited, Vasa Pharma Chem Pvt Ltd and 5 more, all in the Pharma industry (Formulations).
Kamlesh Vithaldas Mehta ceased to be Director on 05 Oct 2018. Hitesh Harakhchand Shah was appointed as Director on 04 Oct 2018. Ajaybhai Sureshchandra Acharya ceased to be Whole-Time Director on 25 Mar 2011. Vapi Care Pharma has 5 board changes on record in total.