About Variety Formulations Pvt Ltd
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Variety Formulations Pvt Ltd is a private limited company based in Palghat, Kerala, India, a subsidiary of Fling Pharmaceuticals Private Limited. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 16 November 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U24231KL1988PTC005228. Its GSTIN is 32AAACV7848L1ZX (Kerala).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹17.6 Lakh. It is led by directors David Joseph Palayoor (Managing Director) and Thekka Prakotuthodi Balakrishnan.
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 B – 3 Industrial Estatekulappully Shornur, Palghat, Kerala, India – 679122.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.86 Lakh. For the same year it recorded a net profit of ₹5.89 Lakh (net margin 37.1%) and EBITDA of ₹6.43 Lakh (EBITDA margin 40.5%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 17% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Variety Pharmaceuticals. As per MCA filings, the company has open charges of ₹5.22 Cr and satisfied charges of ₹25.65 Lakh on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varietypharma.com.
Company details
Contact details
Variety Formulations Pvt Ltd's registered office is in Palghat, Kerala. Its website is varietypharma.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB – 3 Industrial Estatekulappully Shornur, Palghat, Kerala, India – 679122
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Variety Formulations Pvt Ltd, buy the company report.
- 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
Brands
Variety Formulations operates one associated brand: Variety Pharmaceuticals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as a contract manufacturer for tablets, capsules, syrups, and injectables. | varietypharma.com |
Business activity
The main business activity of Variety Formulations 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 |
Financials of Variety Formulations Pvt Ltd
FY 2025 filings availableVariety Formulations Pvt Ltd reported revenue of ₹15.86 Lakh for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years. EBITDA fell 9% 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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| EBITDA | ₹6.43 Lakh | ||||
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| Net Profit (PAT) | ₹5.89 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 40.5% | ||||
| Net Profit Margin | 37.1% | ||||
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To see the full financial statements and ratios of Variety Formulations Pvt Ltd, buy the company report.
Board of directors of Variety Formulations Pvt Ltd
Variety Formulations 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 |
|---|---|---|---|---|
| Thekka Prakotuthodi Balakrishnan Also directs: Variety Pharmaceuticals Pvt Ltd | Director | 28 Sep 1999 | 27 Years 0 Months | Current |
| David Joseph Palayoor | Managing Director | 30 Jun 2010 | 16 Years 3 Months | Current |
Auditor
Variety Formulations Pvt Ltd is audited by C K NAIR & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C K NAIR & CO | FY 2018 | 002299S |
Shareholding
The shareholding of Variety Formulations Pvt Ltd is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Variety Formulations Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2019 | 100254925 | Dhanlaxmi Bank Limited | ₹4.92 Cr | Open | |
| 06 Sep 2013 | 10451469 | Dhanlaxmi Bank Limited | ₹30.72 Lakh | Open | |
| 02 Jun 2008 | 10110298 | The Catholic Syrian Bank Ltd | ₹10 Lakh | Satisfied | |
| 20 Dec 2004 | 90020325 | The Catholic Syrian Bank Ltd | ₹13.17 Lakh | Satisfied | |
| 04 Feb 1997 | 90016776 | The Kerala Financial Corporation | ₹2.48 Lakh | Satisfied |
To see the full charge records of Variety Formulations Pvt Ltd, buy the company report.
Total charge records: 5 View all charges
Legal cases
Variety Formulations Pvt Ltd has 4 court cases on record: 3 filed by Variety Formulations, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against State of Kerala, and 5 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (TMSUIT) | Filed against the company by Cadila Healthcare Ltd | Disposed |
| High Court | Appeal | Filed by the company against individuals | Disposed |
| High Court | Petition | Filed by the company against an individual | Disposed |
To see the full case history of Variety Formulations Pvt Ltd, 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 Variety Formulations Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Variety Formulations Pvt Ltd has a workforce of 1 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Variety Formulations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACV7848L1ZX | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Variety Formulations Pvt Ltd, buy the company report.
Recent activity
Variety Formulations Pvt Ltd has 5 board changes on record since 1999: 2 appointments and 3 cessations. The latest: Ramankutty Warrier Rajan ceased to be Director on 06 Mar 2013.
7 earlier events are in the company report.
Frequently asked questions
Variety Formulations is an active private limited company based in Palghat, Kerala, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 16 November 1988 (38+ years old) and is registered under CIN U24231KL1988PTC005228.
Variety Formulations has 2 current directors:
- David Joseph Palayoor - Managing Director
- Thekka Prakotuthodi Balakrishnan - Director
The latest financial statements of Variety Formulations 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 2015 are in the company report.
The GSTIN of Variety Formulations is 32AAACV7848L1ZX, registered in Kerala.
The CIN (Corporate Identification Number) of Variety Formulations is U24231KL1988PTC005228. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Variety Formulations has 4 court cases on record: 3 filed by the company and 1 filed against it. Most are in the high courts.
Variety Formulations was incorporated on 16 November 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ernakulam.
Ramankutty Warrier Rajan ceased to be Director on 06 Mar 2013. David Joseph Palayoor was appointed as Managing Director on 30 Jun 2010. Rajappan Rajmohannair ceased to be Managing Director on 30 Jun 2010. Variety Formulations has 5 board changes on record in total.
Variety Formulations can be reached through the website varietypharma.com. Its registered office is in Palghat, Kerala, India.
The registered office of Variety Formulations is at B – 3 Industrial Estatekulappully Shornur, Palghat, Kerala, India – 679122.