Vapi Care Pharma Private Limited

Vapi Care Pharma Private Limited - pharma in Valsad, Gujarat, India. FY 2026 financials & compliance.
CIN U24231GJ1996PTC029124 Incorporated 22 March 1996 ROC Ahmedabad HQ Valsad, Gujarat, India
Active Private Limited Company pharma MSME · Medium
Data last updated
Revenue · FY 2025
₹76.81 Cr
▼ 11% YoY
Net profit · FY 2025
₹1.63 Cr
Net margin 2.1%
EBITDA · FY 2025
₹4.62 Cr
EBITDA margin 6%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹80.81 Lakh
Issued & subscribed
Open charges
₹28.92 Cr
Satisfied ₹118.85 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
100
Provident fund records

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 59 cases involving the company, including 20 filed by the company and 39 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 9 peer companies in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 4 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.

Vapi Care Pharma Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0001580). 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.

Company details

CIN U24231GJ1996PTC029124
Registration Number 029124
Incorporation Date 22 March 1996
ROC Ahmedabad
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 Medium
Udyam Registration UDYAM-GJ-25-0001580
Key People
Kamal Jayantilal Shah Managing Director Hitesh Harakhchand Shah Director

Recognitions & Rankings of Vapi Care Pharma

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-25-0001580

Contact details

Vapi Care Pharma Private Limited's registered office is in Valsad, Gujarat. Its website is vapicare.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    vapicare.com
  • Registered Address
    225/3 G I D C Near Morarji Circle, Valsad, Gujarat, India – 396195
  • Industry
    Pharma, Drug Formulation & Development

To see the full contact details of Vapi Care Pharma Private Limited, buy the company report.

Comprehensive company report
Vapi Care Pharma 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 Vapi Care Pharma 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 Vapi Care Pharma Private Limited, buy the company report.

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.

Revenue · FY 2025
₹76.81 Cr ▼ 11%
Net profit · FY 2025
₹1.63 Cr margin 2.1%
EBITDA · FY 2025
₹4.62 Cr margin 6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 1%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▼ 17%
3 years · compounded
▼ 38%
5 years · compounded
▲ 11%

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

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₹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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin6%
Net Profit Margin2.1%
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

To see the full financial statements and ratios of Vapi Care Pharma Private Limited, buy the company report.

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.

Current Directors
NameDesignationAppointment DateTenureStatus
Hitesh Harakhchand ShahDirector04 Oct 20188 Years 1 MonthsCurrent
Kamal Jayantilal ShahManaging Director22 Mar 199630 Years 7 MonthsCurrent
View all directors

Peer comparison

Vapi Care Pharma Private Limited is compared with the 9 companies closest to it by revenue in the Pharma industry (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
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 Limitedthis company₹76.81 Cr (FY 2025)₹1.63 Cr2.1%-11.0%100Valsad, Gujarat, India
Eskag Pharma Pvt Ltd₹76.72 Cr (FY 2024)0.0%Kolkata, West Bengal, India
Mercury Laboratories Limited₹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

To see the full peer comparison of Vapi Care Pharma Private Limited, buy the company report.

Auditor

Vapi Care Pharma Private Limited is audited by KAKARIA AND ASSOCIATES LLP for the financial year 2024.

Auditor firmFinancial yearFirm registration number
KAKARIA AND ASSOCIATES LLPFY 2024104558W/W100601

Shareholding

The shareholding of Vapi Care Pharma 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 categoryFY 2024FY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Vapi Care Pharma Private Limited, buy the company report.

Charges & borrowings

Open charges
₹28.92 Cr
Satisfied charges
₹118.85 Cr
Breakdown by lending institutions
Others₹28.62 Cr
Hp Industrial Development Corporation Ltd₹0.30 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
14 Sep 2023100786590Others₹20 LakhOpen
07 Mar 2023100693209Others₹29.75 LakhOpen
30 Jan 2023100685885Others₹15.85 LakhOpen
03 Dec 2022100646920Others₹35 LakhOpen
22 Nov 2016100078810Others₹18.11 CrOpen

To see the full charge records of Vapi Care Pharma Private Limited, buy the company report.

Total charge records: 17 View all charges

Deals & funding

Vapi Care Pharma Private Limited has 14 deals on record (14 secondary share transfers); the latest was in December 2023.

Total deals
14
Secondary share transfers
14

Deals on record (5 of 14)

WhenDealAmountParties
Dec 2023Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2023Secondary share transferUndisclosedSeller: 4 individuals
May 2021Secondary share transferUndisclosedSeller: Jayantibhai P Shah HUF, 3 individuals
Dec 2020Secondary share transferUndisclosedBuyer: 3 individuals
Seller: an individual
Jul 2018Secondary share transferUndisclosedBuyer: Kamal Jayantilal Shah HUF, 2 individuals
Seller: Micron Pharmaceutical, an individual

To see the full deal history of Vapi Care Pharma Private Limited, buy the company report.

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

Credit ratings & regulatory alerts

Vapi Care Pharma Private Limited was last rated by Care on 27 Sep 2022.

Rating agencyRated onRating
Care27 Sep 2022

To see the full credit ratings and regulatory alerts of Vapi Care Pharma Private Limited, buy the company report.

MSME payment delays

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)

SupplierAmount dueDue sinceReported on
Optomech Engineers Pvt Ltd
Atco Engineer Private Limited
an individual supplier
an individual supplier
Disha Apis Private Limited

To see the full MSME payment records of Vapi Care Pharma Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Vapi Care Pharma Private Limited has a workforce of 100 employees on its EPFO records as of Apr 05, 2025, across 2 active EPFO establishments.

Employee count
100
Active EPFO establishments
2
Employee growth
19.05%

GST

Vapi Care Pharma has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AAACV8291M1ZTGujaratActive01 Jul 2017
02AAACV8291M1ZZHimachal PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Vapi Care Pharma Private Limited, buy the company report.

Recent activity

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.

AGM
Vapi Care Pharma Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others of Rs. 9.50 Cr registered on 31 May 2016 with Charge ID 100120266 was modified on 18 Jun 2024.
Filing
Vapi Care Pharma Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 0.20 Cr with Charge ID 100786590 was registered on 14 Sep 2023.
Charges
A charge with Others amounted to Rs. 0.30 Cr with Charge ID 100693209 was registered on 07 Mar 2023.
Charges
A charge with Others amounted to Rs. 0.16 Cr with Charge ID 100685885 was registered on 30 Jan 2023.
Charges
A charge with Others amounted to Rs. 0.35 Cr with Charge ID 100646920 was registered on 03 Dec 2022.
Charges
A charge with Others of Rs. 18.11 Cr registered on 22 Nov 2016 with Charge ID 100078810 was modified on 07 Jan 2020.
Ceased
Kamlesh Vithaldas Mehta ceased to be Director.
Appointed
Hitesh Harakhchand Shah was appointed as Director.
Charges
A charge with Others amounted to Rs. 18.11 Cr with Charge ID 100078810 was registered on 22 Nov 2016.
Charges
A charge registered on 08 Feb 2013 via Charge ID 10410874 with State Bank Of India was fully satisfied on 10 Aug 2016.

29 earlier events are in the company report.

Frequently asked questions

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 has 2 current directors:

The latest financial statements of Vapi Care Pharma 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 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 59 court cases on record: 20 filed by the company and 39 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 4 more, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

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.

Yes, Vapi Care Pharma is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-25-0001580).

Vapi Care Pharma has 10 MSME Form 1 returns on record between 2019 and 2024, listing 299 overdue payments to 45 micro and small suppliers. The latest return was filed on 17 May 2024.