Vital Formulations Limited

Vital Formulations Limited - pharma in Kheda, Gujarat, India. FY 2026 financials & compliance.
CIN U24230GJ1989PLC012903 Incorporated 20 October 1989 ROC Ahmedabad HQ Kheda, Gujarat, India
Active Public Limited Company pharma MSME · Small
Revenue · FY 2025
₹7.57 Cr
▲ 20% YoY
Net profit · FY 2025
₹18.96 Lakh
Net margin 2.5%
EBITDA · FY 2025
₹52.02 Lakh
EBITDA margin 6.9%
Authorised capital
₹6.5 Cr
Registered with MCA
Paid-up capital
₹1.13 Cr
Issued & subscribed
Open charges
₹4.94 Cr
Satisfied ₹4.81 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
19
Provident fund records

About Vital Formulations Limited

Data last updated:

Vital Formulations Limited is a public limited company based in Kheda, Gujarat, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 20 October 1989 and has been in existence for over 37 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24230GJ1989PLC012903. Its GSTIN is 24AAACV6219R1ZV (Gujarat).

The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹1.13 Cr. It is led by directors including Harsh Pankaj Parikh and Maulin Dasharathbhai Patel.

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 I – 146 G I D C Estate Vithaludyognagar Kaira, Kheda, Gujarat, India – 388121.

As per the financials filed for FY 2025, the company reported a revenue of ₹7.57 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹18.96 Lakh (net margin 2.5%) and EBITDA of ₹52.02 Lakh (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 12% over five years.

The company has about 19 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹4.94 Cr and satisfied charges of ₹4.81 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.

Vital Formulations Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-03-0002450). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U24230GJ1989PLC012903
Registration Number 012903
Incorporation Date 20 October 1989
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-03-0002450

CIN history

Vital Formulations has one previous CIN (Corporate Identification Number): U24230GJ1989PTC012903. The current CIN is U24230GJ1989PLC012903, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U24230GJ1989PLC012903Current
U24230GJ1989PTC012903Previous
Key People
Harsh Pankaj Parikh Director Maulin Dasharathbhai Patel Director Janki Maulin Patel Director

Recognitions & Rankings of Vital Formulations

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-03-0002450

Contact details

Vital Formulations Limited's registered office is in Kheda, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    I – 146 G I D C Estate Vithaludyognagar Kaira, Kheda, Gujarat, India – 388121
  • Industry
    Pharma, Drug Formulation & Development

To see the full contact details of Vital Formulations Limited, buy the company report.

Comprehensive company report
Vital Formulations 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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Business activity

The main business activity of Vital Formulations is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Vital Formulations Limited, buy the company report.

Financials of Vital Formulations Limited

FY 2025 filings available

Vital Formulations Limited reported revenue of ₹7.57 Cr (up 20% YoY) for FY 2025.

Revenue · FY 2025
₹7.57 Cr ▲ 20%
Net profit · FY 2025
₹18.96 Lakh margin 2.5%
EBITDA · FY 2025
₹52.02 Lakh margin 6.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 18%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▼ 33%
3 years · compounded
▲ 116%
5 years · compounded
▲ 13%

Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 20% growth in the latest year. EBITDA fell 33% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹52.02 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹18.96 Lakh
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin6.9%
Net Profit Margin2.5%
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

To see the full financial statements and ratios of Vital Formulations Limited, buy the company report.

Board of directors of Vital Formulations Limited

Vital Formulations has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Harsh Pankaj ParikhDirector01 Nov 201214 Years 0 MonthsCurrent
Maulin Dasharathbhai PatelDirector01 Nov 201214 Years 0 MonthsCurrent
Janki Maulin PatelDirector22 Jul 201313 Years 3 MonthsCurrent
Khyati Harsh Parikh
Also directs: Vihar Hospital Private Limited
Director22 Jul 201313 Years 3 MonthsCurrent
View all directors

Peer comparison

Vital Formulations Limited is compared with the 5 companies closest to it by revenue in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Alax Bioresearch Private Limited₹7.61 Cr (FY 2025)-23.0%Sanand, Gujarat, India
Vigyan Pharma Chem Private Limited₹7.6 Cr (FY 2025)54.0%Mhow, Madhya Pradesh, India
Vital Formulations Limitedthis company₹7.57 Cr (FY 2025)₹18.96 Lakh2.5%20.0%19Kheda, Gujarat, India
Asphar Research Labs Private Limited₹7.57 Cr (FY 2025)19.0%Hyderabad, Telangana, India
Visvas Lifesciences Private Limited₹7.56 Cr (FY 2021)1489.0%Hyderabad, Telangana, India
Q P Pharmachem Limited₹7.55 Cr (FY 2025)-36.0%Chandigarh, India

To see the full peer comparison of Vital Formulations Limited, buy the company report.

Auditor

Vital Formulations Limited is audited by HITEN AND ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
HITEN AND ASSOCIATESFY 2023133080

Shareholding

The shareholding of Vital Formulations 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Vital Formulations Limited, buy the company report.

Charges & borrowings

Open charges
₹4.94 Cr
Satisfied charges
₹4.81 Cr
Breakdown by lending institutions
Others₹4.94 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
14 Nov 2024101006747Others₹2.22 CrOpen
31 Jul 2024101002299Others₹29.2 LakhOpen
09 Oct 2018100217711Others₹13.84 LakhOpen
12 Apr 2018100212272Others₹60 LakhOpen
20 Jan 2017100074184Others₹35 LakhOpen

To see the full charge records of Vital Formulations Limited, buy the company report.

Total charge records: 14 View all charges

MSME payment delays

Vital Formulations Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 93 overdue payments to 5 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 5)

SupplierAmount dueDue sinceReported on
Ramdoot Packaging
Parth Packaging
Krushna Printers
Shah Print-Pack
Paras Offset

To see the full MSME payment records of Vital Formulations Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Vital Formulations Limited has a workforce of 19 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.

Employee count
19
Active EPFO establishments
1

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2026-2719
FY 2025-26
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Vital Formulations Limited, buy the company report.

GST

Vital Formulations has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AAACV6219R1ZVGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Vital Formulations Limited, buy the company report.

Recent activity

Vital Formulations Limited has 10 board changes on record since 1989: 7 appointments and 3 cessations. The latest: Premilaben Vinodbhai Patel ceased to be Director on 15 Nov 2015.

AGM
Vital Formulations Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vital Formulations Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 2.22 Cr with Charge ID 101006747 was registered on 14 Nov 2024.
Charges
A charge registered on 28 Jan 2020 via Charge ID 100320234 with Hdfc Bank Limited was fully satisfied on 01 Oct 2024.
Charges
A charge registered on 10 Dec 2019 via Charge ID 100313475 with Hdfc Bank Limited was fully satisfied on 01 Oct 2024.
Charges
A charge with Others amounted to Rs. 0.29 Cr with Charge ID 101002299 was registered on 31 Jul 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 0.86 Cr registered on 10 Dec 2019 with Charge ID 100313475 was modified on 21 Nov 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 2.00 Cr registered on 28 Jan 2020 with Charge ID 100320234 was modified on 26 Jun 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.00 Cr with Charge ID 100320234 was registered on 28 Jan 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.86 Cr with Charge ID 100313475 was registered on 10 Dec 2019.
Charges
A charge with Others of Rs. 0.60 Cr registered on 12 Apr 2018 with Charge ID 100212272 was modified on 03 Aug 2019.
Charges
A charge with Others of Rs. 1.34 Cr registered on 19 Jan 2017 with Charge ID 100074178 was modified on 02 Jul 2019.

28 earlier events are in the company report.

Frequently asked questions

Vital Formulations is an active public limited company based in Kheda, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 20 October 1989 (37+ years old) and is registered under CIN U24230GJ1989PLC012903.

Vital Formulations has 4 current directors:

The latest financial statements of Vital 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 Vital Formulations is 24AAACV6219R1ZV, registered in Gujarat.

The CIN (Corporate Identification Number) of Vital Formulations is U24230GJ1989PLC012903. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Vital Formulations has 1 court case on record: 1 filed by the company. 1 is pending.

Vital Formulations was incorporated on 20 October 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.

The peers of Vital Formulations by revenue are Alax Bioresearch Private Limited, Vigyan Pharma Chem Private Limited, Asphar Research Labs Private Limited, Visvas Lifesciences Private Limited, Q P Pharmachem Limited, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).

Premilaben Vinodbhai Patel ceased to be Director on 15 Nov 2015. Suruchi Vinodbhai Patel ceased to be Director on 15 Nov 2015. Vinodbhai Bhikhabhai Patel ceased to be Director on 15 Nov 2015. Vital Formulations has 10 board changes on record in total.

Yes, Vital Formulations is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-03-0002450).

Vital Formulations has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 93 overdue payments to 5 micro and small suppliers. The latest return was filed on 08 Jun 2019.

The registered office of Vital Formulations is at I – 146 G I D C Estate Vithaludyognagar Kaira, Kheda, Gujarat, India – 388121.