MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0000235
Vardhaman Remedies Private Limited - pharma in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹53.36 Cr
▲ 14% YoY
Net profit · FY 2025
₹2.83 Cr
Net margin 5.3%
EBITDA · FY 2025
₹5.18 Cr
EBITDA margin 9.7%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹9.8 Cr
Satisfied ₹12.61 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
65
Provident fund records
About Vardhaman Remedies Private Limited
Data last updated:
Vardhaman Remedies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 24 January 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U26100MH1991PTC059992. Its GSTIN is 27AABCV2413L1ZC (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Yatish Attavar Narayan (Managing Director) and Sushant Attavar Yatish.
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 103 1st Floor Orchid Plaza Natakwala Lane Near Platform No.1 Borivali West., Mumbai, Maharashtra, India – 400092.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.36 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹2.83 Cr (net margin 5.3%) and EBITDA of ₹5.18 Cr (EBITDA margin 9.7%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 6% over five years.
The company has about 65 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vardhaman Remedies. As per MCA filings, the company has open charges of ₹9.8 Cr and satisfied charges of ₹12.61 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 2 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹20 Lakh; the latest was in November 2012. Its 4 peer companies in the FMCG industry (Formulations, Personal Care and Skin Care), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 2 smaller; the largest is Rasino Herbs Private Limited with revenue of ₹53.81 Cr.
Vardhaman Remedies Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0000235). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vardhamanindia.com.
Company details
CIN U26100MH1991PTC059992
Registration Number 059992
Incorporation Date 24 January 1991
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0000235
Recognitions & Rankings of Vardhaman Remedies
Contact details
Vardhaman Remedies Private Limited's registered office is in Mumbai, Maharashtra. Its website is vardhamanindia.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address103 1st Floor Orchid Plaza Natakwala Lane Near Platform No.1 Borivali West., Mumbai, Maharashtra, India – 400092
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Vardhaman Remedies Private Limited, buy the company report.
Comprehensive company report
Vardhaman Remedies Private 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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Brands
Vardhaman Remedies operates one associated brand: Vardhaman Remedies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies high-grade pharmaceutical drugs including allopathic and cosmetic products. | vardhamanremedies.com |
Business activity
The main business activity of Vardhaman Remedies 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 |
To see the full business activity and turnover split of Vardhaman Remedies Private Limited, buy the company report.
Financials of Vardhaman Remedies Private Limited
FY 2025 filings availableVardhaman Remedies Private Limited reported revenue of ₹53.36 Cr (up 14% YoY) for FY 2025.
Revenue · FY 2025
₹53.36 Cr ▲ 14%
Net profit · FY 2025
₹2.83 Cr margin 5.3%
EBITDA · FY 2025
₹5.18 Cr margin 9.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 2%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▲ 13%
3 years · compounded
▼ 3%
5 years · compounded
▲ 1%
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 14% growth in the latest year. EBITDA rose 13% 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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| Total Expenses | |||||
| EBITDA | ₹5.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.83 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.7% | ||||
| Net Profit Margin | 5.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Vardhaman Remedies Private Limited, buy the company report.
Board of directors of Vardhaman Remedies Private Limited
Vardhaman Remedies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yatish Attavar Narayan Also directs: Vardhaman Skincare Private Limited | Managing Director | 09 Nov 2001 | 24 Years 11 Months | Current |
| Sushant Attavar Yatish Also directs: Vardhaman Skincare Private Limited | Director | 01 Oct 2012 | 14 Years 1 Months | Current |
Peer comparison
Vardhaman Remedies Private Limited is compared with the 4 companies closest to it by revenue in the FMCG industry (Formulations, Personal Care and Skin Care), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rasino Herbs Private Limited | ₹53.81 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Synchem Pharmaceuticals Private Limited | ₹53.59 Cr (FY 2025) | 4.0% | Indore, Madhya Pradesh, India | |||
| Vardhaman Remedies Private Limitedthis company | ₹53.36 Cr (FY 2025) | ₹2.83 Cr | 5.3% | 14.0% | 65 | Mumbai, Maharashtra, India |
| Ras Beauty Private Limited | ₹53.22 Cr (FY 2025) | 58.0% | Raipur, Chhattisgarh, India | |||
| Pharma Synth Formulations Limited | ₹53.06 Cr (FY 2024) | 1.0% | Delhi, India |
To see the full peer comparison of Vardhaman Remedies Private Limited, buy the company report.
Auditor
Vardhaman Remedies Private Limited is audited by RAJRATAN KOTHARI ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJRATAN KOTHARI ASSOCIATES | FY 2022 | 113704W |
Shareholding
The shareholding of Vardhaman Remedies Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vardhaman Remedies Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.8 Cr
Satisfied charges
₹12.61 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Sep 2017 | 100123874 | Others | ₹9.8 Cr | Open | |
| 10 Sep 2012 | 10379277 | Bank of Baroda | ₹8 Lakh | Satisfied | |
| 05 Jun 2009 | 10168716 | Bank of Baroda | ₹6.36 Lakh | Satisfied | |
| 23 Jul 2005 | 80066039 | Bank of Baroda | ₹1.1 Cr | Satisfied | |
| 26 May 2003 | 80066040 | Bank of Baroda | ₹17.5 Lakh | Satisfied |
To see the full charge records of Vardhaman Remedies Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Vardhaman Remedies Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹20 Lakh; the latest was in November 2012.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹20 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Aug 2007 | Funding round | ₹20 Lakh | Investors: Yatish Attavar Huf, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vardhaman Remedies Private Limited has 6 court cases on record: 2 filed by Vardhaman Remedies, 4 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed by the company
2
Filed against the company
4
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| District courts | 2 | 0 | 1 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by PR Commissioner of Income Tax 13 | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-13, Mumbai | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Pr.Commissioner of Income Tax-13,Mumbai | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Vardhaman Remedies 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
No delayed payments to MSME suppliers are on our record for Vardhaman Remedies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vardhaman Remedies Private Limited has a workforce of 65 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
65
Active EPFO establishments
1
Employee growth
-1.52%
GST
Vardhaman Remedies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV2413L1ZC | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vardhaman Remedies Private Limited, buy the company report.
Recent activity
Vardhaman Remedies Private Limited has 4 board changes on record since 2001: 2 appointments and 2 cessations. The latest: Kavita Attavar Yatish ceased to be Director on 27 May 2024.
AGM
Vardhaman Remedies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vardhaman Remedies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Kavita Attavar Yatish ceased to be Director.
Charges
A charge with Others of Rs. 980.00 Lakh registered on 08 Sep 2017 with Charge ID 100123874 was modified on 08 Mar 2018.
Charges
A charge registered on 10 Sep 2012 via Charge ID 10379277 with Bank Of Baroda was fully satisfied on 12 Oct 2017.
Charges
A charge registered on 05 Jun 2009 via Charge ID 10168716 with Bank Of Baroda was fully satisfied on 12 Oct 2017.
Charges
A charge registered on 23 Jul 2005 via Charge ID 80066039 with Bank Of Baroda was fully satisfied on 12 Oct 2017.
Charges
A charge registered on 26 May 2003 via Charge ID 80066040 with Bank Of Baroda was fully satisfied on 12 Oct 2017.
Charges
A charge registered on 06 Feb 2002 via Charge ID 80020282 with Bank Of Baroda was fully satisfied on 12 Oct 2017.
Charges
A charge registered on 12 Dec 2001 via Charge ID 80020281 with Bank Of Baroda was fully satisfied on 12 Oct 2017.
Charges
A charge with Others amounted to Rs. 980.00 Lakh with Charge ID 100123874 was registered on 08 Sep 2017.
Charges
A charge with Bank Of Baroda of Rs. 559.69 Lakh registered on 06 Feb 2002 with Charge ID 80020282 was modified on 15 Sep 2014.
12 earlier events are in the company report.
Frequently asked questions
Vardhaman Remedies is an active private limited company based in Mumbai, Maharashtra, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 24 January 1991 (35+ years old) and is registered under CIN U26100MH1991PTC059992.
Vardhaman Remedies has 2 current directors:
- Yatish Attavar Narayan - Managing Director
- Sushant Attavar Yatish - Director
The latest financial statements of Vardhaman Remedies 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 Vardhaman Remedies is 27AABCV2413L1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vardhaman Remedies is U26100MH1991PTC059992. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vardhaman Remedies has 6 court cases on record: 2 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
Vardhaman Remedies was incorporated on 24 January 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Vardhaman Remedies has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹20 Lakh; the latest was in November 2012.
The peers of Vardhaman Remedies by revenue are Rasino Herbs Private Limited, Synchem Pharmaceuticals Private Limited, Ras Beauty Private Limited, Pharma Synth Formulations Limited, all in the FMCG industry (Formulations, Personal Care and Skin Care), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Kavita Attavar Yatish ceased to be Director on 27 May 2024. Sushant Attavar Yatish was appointed as Director on 01 Oct 2012. Chandrakant Harilal Jasani ceased to be Director on 31 Jan 2012. Vardhaman Remedies has 4 board changes on record in total.
Yes, Vardhaman Remedies is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0000235).
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