About Virdev Intermediates Private Limited
Data last updated:
Virdev Intermediates Private Limited is a private limited company based in Surat, Gujarat, India, a subsidiary of Bdr Pharmaceuticals International Private Limited. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 01 February 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24230GJ1994PTC021189. Its GSTIN is 24AAACV8038L1Z2 (Gujarat).
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹5.41 Cr. It is led by directors including Kaushik Bhagwandas Jariwala and Narendra Bhagwandas Jariwala.
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 S No 33/1 – A Plot No – 1 Khatodara B/H Sub Jail Surat, Gujarat, India – 395002.
As per the financials filed for FY 2025, the company reported a revenue of ₹107.72 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹8.71 Cr (net margin 8.1%) and EBITDA of ₹16.95 Cr (EBITDA margin 15.7%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 21% over five years.
The company has about 313 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: BDR Pharmaceuticals Internationals. As per MCA filings, the company has satisfied charges of ₹92.47 Cr on record. Court records list 15 cases involving the company, including 3 filed by the company and 12 filed against it. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹20.12 Cr; the latest was in July 2018. Its 10 peer companies in the Pharma industry (API Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Farmson Pharmaceutical Gujarat Private Limited with revenue of ₹111.99 Cr. The company has 20 MSME Form 1 returns on record between 2015 and 2023, listing 2,196 overdue payments to 156 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bdrpharma.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressS No 33/1 – A Plot No – 1 Khatodara B/H Sub Jail Surat, Gujarat, India – 395002
- IndustryPharma, API Manufacturers
- 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
- One PDF report, delivered after checkout
Business Activity of Virdev Intermediates Private Limited
The main business activity of Virdev Intermediates is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Virdev Intermediates Private Limited FY 2025 filings available
Virdev Intermediates Private Limited reported revenue of ₹107.72 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Virdev Intermediates Private Limited
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 36% 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 of Virdev Intermediates Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 | ₹16.95 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.71 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 of Virdev Intermediates Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Virdev Intermediates are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Virdev Intermediates Private Limited
Virdev Intermediates Private Limited is compared with the companies closest to it by revenue in the Pharma industry (API Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Farmson Pharmaceutical Gujarat Private Limited | ₹111.99 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Vadodara, Gujarat, India |
| Bakul Pharma Private Limited | ₹110.31 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Mumbai, Maharashtra, India |
| Danopharm Private Limited | ₹108.78 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Mumbai, Maharashtra, India |
| Srisaichandana Api Private Limited | ₹108.36 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Almelo Private Limited | ₹108.05 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Hyderabad, Telangana, India |
| Virdev Intermediates Private Limited this company | ₹107.72 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Surat, Gujarat, India |
| Panchsheel Organics Limited Listed | ₹107.68 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Indore, Madhya Pradesh, India |
| Patel Chem Specialities Limited | ₹105.55 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Ahmedabad, Gujarat, India |
| Lucent Drugs Private Limited | ₹104.13 Cr (FY 2025) | •••• | •••• | 101.0% | •••• | Sanathnagar, Telangana, India |
| Novo Excipients Private Limited | ₹103.54 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Par Active Technologies Private Limited | ₹103.46 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Virdev Intermediates by revenue in the Pharma industry (API Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Virdev Intermediates Private Limited
Virdev Intermediates Private Limited is audited by M. R. BOMBAYWALA & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M. R. BOMBAYWALA & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Virdev Intermediates Private Limited
Virdev Intermediates has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushik Bhagwandas Jariwala Also directs: Banco Organic LLP | Director | 12 Nov 2000 | 25 Years 11 Months | Current |
| Narendra Bhagwandas Jariwala Also directs: The Surat Art Silk Cloth Manufacturers Association | Director | 01 Feb 1994 | 32 Years 8 Months | Current |
| Sanjay Amritlal Solanki Also directs: Nimbasia Stabilizers LLP, Peekay Synthetics Private Limited, Sunshine Organics Pvt Ltd and 1 more | Director | 12 Nov 2000 | 25 Years 11 Months | Current |
| Viralkumar Narendrabhai Jariwala | Director | 12 Nov 2000 | 25 Years 11 Months | Current |
| Dheer Dharmesh Shah Also directs: BDR Lifesciences Private Limited, Spinos Life Science and Research Private Limited, BNJ Innovations LLP and 3 more | Director | 01 Mar 2024 | 2 Years 7 Months | Current |
| Raheel Dharmesh Shah Also directs: Sunshine Organics Pvt Ltd, BDR Lifesciences Private Limited, BDR Pharmaceuticals International Private Limited and 3 more | Director | 27 Jul 2018 | 8 Years 2 Months | Current |
Ownership and Shareholding of Virdev Intermediates Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Virdev Intermediates Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Mar 2015 | Kotak Mahindra Bank Limited | ₹4.9 Cr | Satisfied |
| 31 Jul 2014 | Kotak Mahindra Bank Limited | ₹18.19 Cr | Satisfied |
| 18 Jul 2014 | Ing Vysya Bank Limited | ₹16.06 Cr | Satisfied |
| 30 Jul 2013 | Central Bank of India | ₹1.9 Cr | Satisfied |
| 23 Mar 2007 | Central Bank of India | ₹12 Cr | Satisfied |
Total charge records: 10 View all charges
Deals & Funding of Virdev Intermediates Private Limited
Virdev Intermediates Private Limited has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹20.12 Cr; the latest was in July 2018.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2018 | Funding round | ₹17.62 Cr | Investors: BDR Pharmaceuticals International Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Aug 2014 | Funding round | ₹1.5 Cr | Investors: 4 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Rikhabji Corporation, 2 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Virdev Intermediates Private Limited
Virdev Intermediates Private Limited has 15 court cases on record: 3 filed by Virdev Intermediates, 12 filed against it. All cases are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 9 | 0 |
| District courts | 4 | 3 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (NMCD) | Filed against the company by Symed Labs Limited | Disposed |
| Bombay High Court | Criminal complaint | Filed against the company by Symed Labs Limited | Disposed |
| Bombay High Court | Court case (COMIP) | Filed against the company by Symed Labs Limited | Disposed |
| Bombay High Court | Court case (S) | Filed against the company by Navdeep Chemicals Private Limited | Disposed |
| District court, SURAT, Gujarat | Court case (DST-LC) | Filed against the company by an individual | Disposed |
Full case history
All 15 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Virdev Intermediates Private Limited
Virdev Intermediates Private Limited has 20 MSME Form 1 returns on record between 2015 and 2023, listing 2,196 overdue payments to 156 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 156)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Amar Dresses | •••• | •••• | •••• |
| Surat Ammonia and Chemical Company | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Uni-Tech Valves & Automation | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 20 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Virdev Intermediates Private Limited
Virdev Intermediates operates one associated brand: BDR Pharmaceuticals Internationals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| APIs and finished products are developed and manufactured. | bdrpharma.com |
Employees and EPFO Compliance at Virdev Intermediates Private Limited
Virdev Intermediates Private Limited has a workforce of 313 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Virdev Intermediates Private Limited
Recent Activity on Virdev Intermediates Private Limited
Virdev Intermediates Private Limited has 9 board changes on record since 1994: 6 appointments and 3 cessations. The latest: Dheer Dharmesh Shah ceased to be Additional Director on 26 Sep 2024.
24 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Virdev Intermediates Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Virdev Intermediates Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Virdev Intermediates Private Limited
Virdev Intermediates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACV8038L1Z2 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Virdev Intermediates Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Virdev Intermediates Private Limited
Virdev Intermediates is an active private limited company based in Surat, Gujarat, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 01 February 1994 (32+ years old) and is registered under CIN U24230GJ1994PTC021189.
Virdev Intermediates reported revenue of ₹107.72 Cr for FY 2025 (down 3% YoY).
Virdev Intermediates has 6 current directors:
- Kaushik Bhagwandas Jariwala - Director
- Narendra Bhagwandas Jariwala - Director
- Sanjay Amritlal Solanki - Director
- Viralkumar Narendrabhai Jariwala - Director
- Dheer Dharmesh Shah - Director
- Raheel Dharmesh Shah - Director
Virdev Intermediates reported a net profit of ₹8.71 Cr (net margin 8.1%) and EBITDA of ₹16.95 Cr (EBITDA margin 15.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Virdev Intermediates is -2% over three years and 21% over five years. In the latest year (FY 2025) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Virdev Intermediates is 24AAACV8038L1Z2, registered in Gujarat.
The CIN (Corporate Identification Number) of Virdev Intermediates is U24230GJ1994PTC021189. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virdev Intermediates has 15 court cases on record: 3 filed by the company and 12 filed against it. Most are in the high courts.
Virdev Intermediates was incorporated on 01 February 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Virdev Intermediates has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹20.12 Cr; the latest was in July 2018.
The peers of Virdev Intermediates by revenue are Farmson Pharmaceutical Gujarat Private Limited, Bakul Pharma Private Limited, Danopharm Private Limited, Srisaichandana Api Private Limited, Almelo Private Limited and 5 more, all in the Pharma industry (API Manufacturers).
Dheer Dharmesh Shah ceased to be Additional Director on 26 Sep 2024. Dheer Dharmesh Shah was appointed as Director on 01 Mar 2024. Raheel Dharmesh Shah ceased to be Additional Director on 29 Sep 2018. Virdev Intermediates has 9 board changes on record in total.