About Vergo Pharma Research Private Limited
Data last updated:
Vergo Pharma Research Private Limited was a private limited company based in Tiswadi, Goa, India, operated as a subsidiary of Vergo Pharma Research Laboratories Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the pharma contract r and d segment of the pharmaceuticals sector. It was incorporated on 23 September 2010.
The company was registered with the Registrar of Companies (ROC), Goa, under CIN U73100GA2010PTC014001. Its GSTIN is 30AADCV5455E1ZM (Goa).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors including Prasad Vassudev Keni (Managing Director) and Kashyap Prasad Keni.
Its last annual general meeting (AGM) was held on 20 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 24/1 D – 1 Corlim Industrial Estate Corlim, Tiswadi, Goa, India – 403110.
As per the financials filed for FY 2024, the company reported a revenue of ₹34.4 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹3.64 Cr (net margin 10.6%) and EBITDA of ₹6.6 Cr (EBITDA margin 19.2%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 23% over five years.
The company had about 147 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: VerGo Clinicals. As per MCA filings, the company had open charges of ₹2.9 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The last known website on record is vergolabs.com.
Company details
CIN history
Vergo Pharma Research has one previous CIN (Corporate Identification Number): U73100MH2010PTC208075. The current CIN is U73100GA2010PTC014001, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U73100GA2010PTC014001 | Current |
| U73100MH2010PTC208075 | Previous |
Contact details
Vergo Pharma Research Private Limited's registered office is in Tiswadi, Goa. Its website is vergolabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address24/1 D – 1 Corlim Industrial Estate Corlim, Tiswadi, Goa, India – 403110
- IndustryPharma, Pharma Contract R&D
To see the full contact details of Vergo Pharma Research Private Limited, 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
Vergo Pharma Research operates one associated brand: VerGo Clinicals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers clinical research, bioanalytical, and data management services as a Contract Research Organization (CRO). | vergoclinicals.com |
Business activity
The main business activity of Vergo Pharma Research is professional, scientific and technical. In detail, this covers scientific research and development.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development |
To see the full business activity and turnover split of Vergo Pharma Research Private Limited, buy the company report.
Financials of Vergo Pharma Research Private Limited
FY 2024 filings availableVergo Pharma Research Private Limited reported revenue of ₹34.4 Cr (down 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 23%. EBITDA fell 37% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹34.4 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.64 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.2% | ||||
| Net Profit Margin | 10.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Vergo Pharma Research Private Limited, buy the company report.
Board of directors of Vergo Pharma Research Private Limited
Vergo Pharma Research has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kashyap Prasad Keni | Director | 19 Sep 2019 | 7 Years 1 Months | As last reported |
| Vini Prasad Keni | Director | 23 Sep 2010 | 16 Years 1 Months | As last reported |
| Prasad Vassudev Keni | Managing Director | 23 Sep 2010 | 16 Years 1 Months | As last reported |
| Praveen Khullar Also directs: Vergo Pharma Research Laboratories Private Limited | Director | 23 Jul 2024 | 2 Years 3 Months | As last reported |
Peer comparison
Vergo Pharma Research Private Limited is compared with the 3 companies closest to it by revenue in the Pharma industry (Contract Research), with the same principal business activity (scientific research and development), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Synergen Bio Private Limited | ₹36.01 Cr (FY 2024) | -25.0% | Pune, Maharashtra, India | |||
| Vergo Pharma Research Private Limitedthis company | ₹34.4 Cr (FY 2024) | ₹3.64 Cr | 10.6% | -1.0% | 147 | Tiswadi, Goa, India |
| Perrigo Laboratories India Private Limited | ₹33.99 Cr (FY 2022) | -14.0% | Thane, Maharashtra, India | |||
| Intonation Research Laboratories Private Limited | ₹33.31 Cr (FY 2025) | 14.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Vergo Pharma Research Private Limited, buy the company report.
Auditor
Vergo Pharma Research Private Limited is audited by Ashish V Prabhu Verlekar & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashish V Prabhu Verlekar & Co | FY 2024 | 117774W |
Shareholding
The shareholding of Vergo Pharma Research 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 category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vergo Pharma Research Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2022 | 100651117 | Tata Capital Financial Services Limited | ₹2.9 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Vergo Pharma Research Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Merck Sharp & Dohme Corp & Anr | Disposed |
To see the full case history of Vergo Pharma Research Private 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
Vergo Pharma Research Private Limited has 10 MSME Form 1 returns on record between 2020 and 2024, listing 616 overdue payments to 62 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 62)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Bharat Chemicals | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Vergo Pharma Research Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vergo Pharma Research Private Limited has a workforce of 147 employees on its EPFO records as of Apr 02, 2025, across 1 active EPFO establishment.
GST
Vergo Pharma Research has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AADCV5455E1ZM | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vergo Pharma Research Private Limited, buy the company report.
Recent activity
Vergo Pharma Research Private Limited has 10 board changes on record since 2010: 4 appointments and 6 cessations. The latest: Praveen Khullar ceased to be Additional Director on 19 Sep 2024.
2 earlier events are in the company report.
Frequently asked questions
Vergo Pharma Research has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Vergo Pharma Research was a private limited company based in Tiswadi, Goa, India. The company worked in pharma contract r and d, within the pharma industry. It was incorporated on 23 September 2010 and is registered under CIN U73100GA2010PTC014001. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Vergo Pharma Research was incorporated on 23 September 2010. It is registered with the Registrar of Companies, Goa.
Vergo Pharma Research had 4 directors:
- Prasad Vassudev Keni - Managing Director
- Kashyap Prasad Keni - Director
- Vini Prasad Keni - Director
- Praveen Khullar - Director
The CIN (Corporate Identification Number) of Vergo Pharma Research is U73100GA2010PTC014001. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Vergo Pharma Research is at 241 D – 1 Corlim Industrial Estate Corlim, Tiswadi, Goa, India – 403110.
Vergo Pharma Research can be reached through the website vergolabs.com. Its registered office is in Tiswadi, Goa, India.
The latest financial statements of Vergo Pharma Research on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 20 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vergo Pharma Research is 30AADCV5455E1ZM, registered in Goa.
Vergo Pharma Research operated in the pharma industry, in the pharma contract r and d segment.
The peers of Vergo Pharma Research by revenue are Synergen Bio Private Limited, Perrigo Laboratories India Private Limited, Intonation Research Laboratories Private Limited, all in the Pharma industry (Contract Research), with the same principal business activity (scientific research and development).
Vergo Pharma Research has 10 MSME Form 1 returns on record between 2020 and 2024, listing 616 overdue payments to 62 micro and small suppliers. The latest return was filed on 01 May 2024.
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