MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0055761
Vardhman Chemtech Limited - pharma in Chandigarh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹208.69 Cr
▼ 13% YoY
Net profit · FY 2025
₹3.61 Cr
Net margin 1.7%
EBITDA · FY 2025
₹21.78 Cr
EBITDA margin 10.4%
Authorised capital
₹100 Cr
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹25 Cr
Satisfied ₹869.07 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
181
Provident fund records
About Vardhman Chemtech Limited
Data last updated:
Vardhman Chemtech Limited is a public limited company based in Chandigarh, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 21 August 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U24117CH1996PLC018656. Its GSTIN is 03AABCV3290P1Z1 (Punjab). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹10 Lakh. It was formerly known as Vardhman Chemtech Private Limited. It is led by directors including Sharvan Bhatt (Whole-Time Director) and Devang Manharlal Ajmera.
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 SCO 85 Sector 35 C, Chandigarh, India – 160036.
As per the financials filed for FY 2025, the company reported a revenue of ₹208.69 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹3.61 Cr (net margin 1.7%) and EBITDA of ₹21.78 Cr (EBITDA margin 10.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 93% over five years.
The company has about 181 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: DPB Group and Vardhman Chemtech. As per MCA filings, the company has open charges of ₹25 Cr and satisfied charges of ₹869.07 Cr on record. Court records list 60 cases involving the company, including 6 filed by the company and 54 filed against it; 3 cases are pending. The company has 15 deals on record (8 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹299.18 Cr; the latest was in April 2021. Its 9 peer companies in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 4 larger and 5 smaller; the largest is A. R. Life Sciences Private Limited with revenue of ₹229.48 Cr.
Vardhman Chemtech Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0055761). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vardhmanchemtech.com.
Company details
CIN U24117CH1996PLC018656
Registration Number 018656
Incorporation Date 21 August 1996
ROC Chandigarh
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-MH-18-0055761
CIN history
Vardhman Chemtech has one previous CIN (Corporate Identification Number): L24117CH1996PLC018656. The current CIN is U24117CH1996PLC018656, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24117CH1996PLC018656 | Current |
| L24117CH1996PLC018656 | Previous |
Key People
Sharvan Bhatt Whole-Time Director Devang Manharlal Ajmera Director Piyush Manharlal Ajmera Director Recognitions & Rankings of Vardhman Chemtech
Contact details
Vardhman Chemtech Limited's registered office is in Chandigarh, Chandigarh. Its website is vardhmanchemtech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSCO 85 Sector 35 C, Chandigarh, India – 160036
- IndustryPharma, API Manufacturers
To see the full contact details of Vardhman Chemtech Limited, buy the company report.
Comprehensive company report
Vardhman Chemtech 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
Vardhman Chemtech operates two associated brands: DPB Group and Vardhman Chemtech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| DPB Group is engaged in manufacturing pharmaceutical APIs in India. | dpbpharma.com | |
| Manufacturer of bulk drugs, intermediates and fine chemicals | vardhmanchemtech.com |
Business activity
The main business activity of Vardhman Chemtech 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 Vardhman Chemtech Limited, buy the company report.
Financials of Vardhman Chemtech Limited
FY 2024 filings availableVardhman Chemtech Limited reported revenue of ₹208.69 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹208.69 Cr ▼ 13%
Net profit · FY 2025
₹3.61 Cr margin 1.7%
EBITDA · FY 2025
₹21.78 Cr margin 10.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 4%
5 years · compounded
▲ 93%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▼ 15%
5 years · compounded
▲ 113%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 93%. EBITDA rose 7% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹21.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.61 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.4% | ||||
| Net Profit Margin | 1.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Vardhman Chemtech Limited, buy the company report.
Board of directors of Vardhman Chemtech Limited
Vardhman Chemtech has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devang Manharlal Ajmera | Director | 02 Feb 2021 | 5 Years 8 Months | Current |
| Piyush Manharlal Ajmera Also directs: DPB Pharmaceuticals Limited, DPB Antibiotics Private Limited | Director | 02 Feb 2021 | 5 Years 8 Months | Current |
| Bhavin Manharlal Ajmera Also directs: DPB Pharmaceuticals Limited, DPB Antibiotics Private Limited | Director | 02 Feb 2021 | 5 Years 8 Months | Current |
| Sharvan Bhatt | Whole-Time Director | 21 Jul 2021 | 5 Years 3 Months | Current |
Peer comparison
Vardhman Chemtech Limited is compared with the 9 companies closest to it by revenue in the Pharma industry (API Manufacturers), 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 |
|---|---|---|---|---|---|---|
| A. R. Life Sciences Private Limited | ₹229.48 Cr (FY 2025) | 9.0% | Hyderabad, Telangana, India | |||
| Loxim Industries Limited | ₹227.28 Cr (FY 2025) | 26.0% | Ahmedabad, Gujarat, India | |||
| Akums Lifesciences Limited | ₹222.57 Cr (FY 2023) | 60.0% | Chandigarh, India | |||
| Chemcon Speciality Chemicals Limited | ₹221.69 Cr (FY 2025) | -21.0% | Vadodara, Gujarat, India | |||
| Vardhman Chemtech Limitedthis company | ₹208.69 Cr (FY 2025) | ₹3.61 Cr | 1.7% | -13.0% | 181 | Chandigarh, India |
| Aktinos Pharma Private Limited | ₹207.85 Cr (FY 2024) | 18.0% | Hyderabad, Telangana, India | |||
| Nifty Labs Private Limited | ₹206.98 Cr (FY 2025) | 30.0% | Aran Road, Ameerpet, Hyd-016, Telangana, India | |||
| Inogent Laboratories Private Limited | ₹206.9 Cr (FY 2017) | 18.0% | Hyderabad, Telangana, India | |||
| Smilax Laboratories Limited | ₹206.57 Cr (FY 2025) | -25.0% | Hyderabad, Telangana, India | |||
| Swati Spentose Private Limited | ₹205.55 Cr (FY 2024) | 11.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Vardhman Chemtech Limited, buy the company report.
Auditor
Vardhman Chemtech Limited is audited by Simrit & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Simrit & Associates | FY 2023 | 012363N |
Shareholding
The shareholding of Vardhman Chemtech 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vardhman Chemtech Limited, buy the company report.
Charges & borrowings
Open charges
₹25 Cr
Satisfied charges
₹869.07 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jul 2022 | 100603372 | Hdfc Bank Limited | ₹25 Cr | Open | |
| 04 Aug 2022 | 100613393 | Hdfc Bank Limited | ₹62 Cr | Satisfied | |
| 20 Aug 2014 | 10516610 | Punjab Reliable Investments Private Limited | ₹73 Lakh | Satisfied | |
| 24 May 2014 | 10507211 | State Bank of Patiala | ₹268.38 Cr | Satisfied | |
| 29 Mar 2013 | 10414336 | Punjab Kashmir Finance Limited | ₹1.5 Cr | Satisfied |
To see the full charge records of Vardhman Chemtech Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Vardhman Chemtech Limited has 15 deals on record (8 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹299.18 Cr; the latest was in April 2021.
Total deals
15
Funding rounds
8
Secondary share transfers
5
Rights issue
1
Convertible or debt financing
1
Disclosed funding
₹299.18 Cr
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: DPB Antibiotics Private Limited & Yatish Khurana, DPB Antibiotics Private Limited & Bhavin Manharlal Ajmera, DPB Antibiotics Private Limited & Devang Manharlal Ajmera Seller: IL&FS Investment Managers, DPB Antibiotics Private Limited |
| Mar 2021 | Rights issue | ₹10 Lakh | Investors: DPB Antibiotics Private Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Vardhman Bio Sciences Private Limited Seller: Supersonic Dealcom Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Supersonic Dealcom Private Limited Seller: Vardhman Bio Sciences Private Limited |
| Mar 2014 | Funding round | ₹76.48 Cr | Investors: IL&FS Investment Managers, Shivraj Traders Private Limited |
To see the full deal history of Vardhman Chemtech Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vardhman Chemtech Limited has 60 court cases on record: 6 filed by Vardhman Chemtech, 54 filed against it. 3 cases are pending and 57 are disposed.
Total cases
60
Filed by the company
6
Filed against the company
54
Pending
3
Disposed
57
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 38 | 38 | 1 |
| High courts | 17 | 13 | 1 |
| Supreme Court | 4 | 3 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Execution petition | Filed against the company by M/S Premier Intermediates Pvt Ltd | Disposed |
| District court, Chandigarh | Court case (CS CJ) | Filed against the company by Bombay Gujrat Roadlines Pvt Ltd | Disposed |
| District court, West, Delhi | Execution petition | Filed against the company by Om Logistics Ltd | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Sbi Capital Markets Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Ms. Chemtrade Overseas Private Limited | Disposed |
To see the full case history of Vardhman Chemtech 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 Vardhman Chemtech Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vardhman Chemtech Limited has a workforce of 181 employees on its EPFO records as of Sep 11, 2024, across 2 active EPFO establishments.
Employee count
181
Active EPFO establishments
2
Employee growth
4.02%
GST
Vardhman Chemtech has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCV3290P1Z1 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vardhman Chemtech Limited, buy the company report.
Recent activity
Vardhman Chemtech Limited has 18 board changes on record since 2009: 4 appointments and 14 cessations. The latest: Bhavin Manharlal Ajmera ceased to be Additional Director on 30 Nov 2021.
Charges
A charge registered on 04 Aug 2022 via Charge ID 100613393 with Hdfc Bank Limited was fully satisfied on 30 Sep 2025.
AGM
Vardhman Chemtech Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Vardhman Chemtech Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 62.00 Cr with Charge ID 100613393 was registered on 04 Aug 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 25.00 Cr registered on 20 Jul 2022 with Charge ID 100603372 was modified on 04 Aug 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 25.00 Cr with Charge ID 100603372 was registered on 20 Jul 2022.
Ceased
Bhavin Manharlal Ajmera ceased to be Additional Director.
Ceased
Devang Manharlal Ajmera ceased to be Additional Director.
Ceased
Piyush Manharlal Ajmera ceased to be Additional Director.
Appointed
Sharvan Bhatt was appointed as Whole-Time Director.
Charges
A charge registered on 13 Mar 2010 via Charge ID 10208476 with Allahabad Bank was fully satisfied on 22 Jun 2021.
Charges
A charge registered on 24 May 2014 via Charge ID 10507211 with State Bank Of Patiala was fully satisfied on 31 May 2021.
61 earlier events are in the company report.
Frequently asked questions
Vardhman Chemtech is an active public limited company based in Chandigarh, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 21 August 1996 (30+ years old) and is registered under CIN U24117CH1996PLC018656.
Vardhman Chemtech has 4 current directors:
- Sharvan Bhatt - Whole-Time Director
- Devang Manharlal Ajmera - Director
- Piyush Manharlal Ajmera - Director
- Bhavin Manharlal Ajmera - Director
The latest financial statements of Vardhman Chemtech 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 Vardhman Chemtech is 03AABCV3290P1Z1, registered in Punjab. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Vardhman Chemtech is U24117CH1996PLC018656. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vardhman Chemtech has 60 court cases on record: 6 filed by the company and 54 filed against it. 3 are pending. Most are in the district courts.
Vardhman Chemtech was incorporated on 21 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Chandigarh.
Vardhman Chemtech has 15 deals on record (8 funding rounds, 5 secondary share transfers, 1 rights issue), with disclosed funding of ₹299.18 Cr; the latest was in April 2021.
The peers of Vardhman Chemtech by revenue are A. R. Life Sciences Private Limited, Loxim Industries Limited, Akums Lifesciences Limited, Chemcon Speciality Chemicals Limited, Aktinos Pharma Private Limited and 4 more, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Bhavin Manharlal Ajmera ceased to be Additional Director on 30 Nov 2021. Devang Manharlal Ajmera ceased to be Additional Director on 30 Nov 2021. Piyush Manharlal Ajmera ceased to be Additional Director on 30 Nov 2021. Vardhman Chemtech has 18 board changes on record in total.
Yes, Vardhman Chemtech is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0055761).