Vidhi Research & Development LLP
About Vidhi Research & Development LLP
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Vidhi Research & Development LLP is a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 15 September 2014 and has been in existence for over 12 years.
The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAC-7092.
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Mayank Jashwantlal Shah and Shreyans Jaswantlal Shah.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹13.36 Lakh, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹12.89 Lakh (net margin -96.5%) and EBITDA of -₹26.25 Lakh (EBITDA margin -196.5%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 30% over five years.
As per MCA filings, the LLP has satisfied charges of ₹70 Cr on record. Court records list 16 cases involving the LLP, including 5 filed by the LLP and 11 filed against it; 4 cases are pending.
Company details
Contact details
Vidhi Research & Development LLP's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressC/O Toyochem Laboratories A Block Aidun Building, 5th Floor Office No 1 & 2 Jss Road Marine Lines, Mumbai, Maharashtra, India – 400002
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Vidhi Research & Development LLP, 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
Financials of Vidhi Research & Development LLP
FY 2025 filings availableVidhi Research & Development LLP reported revenue of ₹13.36 Lakh (down 34% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 34% fall 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
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profit After Tax | -₹12.89 Lakh | ||||
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Financial Ratios
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Net Profit Margin | -96.5% | ||||
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To see the full financial statements and ratios of Vidhi Research & Development LLP, buy the company report.
Designated partners of Vidhi Research & Development LLP
Vidhi Research & Development has 2 current designated partners and 6 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayank Jashwantlal Shah | Designated Partner | 31 Aug 2015 | 11 Years 1 Months | Current |
| Shreyans Jaswantlal Shah | Designated Partner | 31 Aug 2015 | 11 Years 1 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jan 2016 | 100016064 | Hdfc Bank Limited | ₹70 Cr | Satisfied |
To see the full charge records of Vidhi Research & Development LLP, buy the company report.
Total charge records: 1 View all charges
Legal cases
Vidhi Research & Development LLP has 16 court cases on record: 5 filed by Vidhi Research & Development, 11 filed against it. 4 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 10 | 3 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company | Pending |
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra and Ors | Pending |
| Bombay High Court | Court case (S) | Filed against the company by Pyramid Developers | Pending |
| High Court, MAHARASHTRA | Court case (PIL) | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (CARBP) | Filed against the company by an individual | Disposed |
To see the full case history of Vidhi Research & Development LLP, 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 Vidhi Research & Development LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Vidhi Research & Development LLP; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vidhi Research & Development LLP has 8 designated partner changes on record since 2014: 4 appointments and 4 cessations. The latest: Amit Madanlal Gupta ceased to be Partner on 01 Sep 2015.
2 earlier events are in the company report.
Frequently asked questions
Vidhi Research & Development is an active limited liability partnership based in Mumbai, Maharashtra, India. The LLP works in drug formulation and development, within the pharma industry. It was incorporated on 15 September 2014 (12+ years old) and is registered under LLPIN AAC-7092.
Vidhi Research & Development has 2 current designated partners:
- Mayank Jashwantlal Shah - Designated Partner
- Shreyans Jaswantlal Shah - Designated Partner
The latest financial statements of Vidhi Research & Development on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from 2015 are in the company report.
The LLPIN (Limited Liability Partnership Identification Number) of Vidhi Research & Development is AAC-7092. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Vidhi Research & Development has 16 court cases on record: 5 filed by the LLP and 11 filed against it. 4 are pending. Most are in the high courts.
Vidhi Research & Development was incorporated on 15 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Amit Madanlal Gupta ceased to be Partner on 01 Sep 2015. Jateen Madanlal Gupta ceased to be Partner on 01 Sep 2015. Jayeshkumar Talakshibhai Kotak ceased to be Designated Partner on 01 Sep 2015. Vidhi Research & Development has 8 designated partner changes on record in total.
The registered office of Vidhi Research & Development is at CO Toyochem Laboratories A Block Aidun Building, 5th Floor Office No 1 & 2 Jss Road Marine Lines, Mumbai, Maharashtra, India – 400002.
Vidhi Research & Development operates in the pharma industry, in the drug formulation and development segment.
Vidhi Research & Development has no open charges and satisfied charges of ₹70 Cr as per latest MCA filings.