DPIIT recognised startup Government of India
Startup India
Sanolet Lifecare Private Limited
Sanolet Lifecare Private Limited - pharma in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹22.11 Cr
▲ 53% YoY
Net profit · FY 2024
₹31.94 Lakh
Net margin 1.4%
EBITDA · FY 2024
₹2.56 Cr
EBITDA margin 11.6%
Authorised capital
₹1.6 Cr
Registered with MCA
Paid-up capital
₹1.26 Cr
Issued & subscribed
Open charges
₹9.49 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
31
Provident fund records
About Sanolet Lifecare Private Limited
Data last updated:
Sanolet Lifecare Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 21 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24304GJ2020PTC116691. Its GSTIN is 24ABECS4951J1Z5 (Gujarat).
The company has an authorised share capital of ₹1.6 Cr and a paid-up capital of ₹1.26 Cr. It is led by directors including Tejaskumar Maganlal Padodara and Kiranbhai Kanubhai Bunde.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No 10 Ls No. 151 Ch. Vasna Ta. Sanand, Ahmedabad, Gujarat, India – 382213.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.11 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹31.94 Lakh (net margin 1.4%) and EBITDA of ₹2.56 Cr (EBITDA margin 11.6%).
The company has about 31 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.49 Cr on record.
Sanolet Lifecare Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0021014).
Company details
CIN U24304GJ2020PTC116691
Registration Number 116691
Incorporation Date 21 September 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0021014
Key People
Tejaskumar Maganlal Padodara Director Kiranbhai Kanubhai Bunde Director Hiren Vasantlal Shah Director Recognitions & Rankings of Sanolet Lifecare
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0021014
Contact details
Sanolet Lifecare Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No 10 Ls No. 151 Ch. Vasna Ta. Sanand, Ahmedabad, Gujarat, India – 382213
- IndustryPharma, Drug Formulation & Development
To see the full contact details of Sanolet Lifecare Private Limited, buy the company report.
Comprehensive company report
Sanolet Lifecare 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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Business activity
The main business activity of Sanolet Lifecare 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 Sanolet Lifecare Private Limited, buy the company report.
Financials of Sanolet Lifecare Private Limited
FY 2024 filings availableSanolet Lifecare Private Limited reported revenue of ₹22.11 Cr (up 53% YoY) for FY 2024.
Revenue · FY 2024
₹22.11 Cr ▲ 53%
Net profit · FY 2024
₹31.94 Lakh margin 1.4%
EBITDA · FY 2024
₹2.56 Cr margin 11.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 53%
EBITDA CAGR growth
1 year
▲ 20%
Revenue rose 53% in the latest year. EBITDA rose 20% in the latest 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 |
|---|---|---|---|---|
| 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 | ₹2.56 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹31.94 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 11.6% | |||
| Net Profit Margin | 1.4% | |||
| 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 Sanolet Lifecare Private Limited, buy the company report.
Board of directors of Sanolet Lifecare Private Limited
Sanolet Lifecare has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tejaskumar Maganlal Padodara Also directs: Adwait Hospitals Private Limited | Director | 21 Sep 2020 | 6 Years 1 Months | Current |
| Kiranbhai Kanubhai Bunde | Director | 21 Sep 2020 | 6 Years 1 Months | Current |
| Hiren Vasantlal Shah | Director | 21 Sep 2020 | 6 Years 1 Months | Current |
| Sachin Ishvarbhai Sardava | Director | 20 Feb 2021 | 5 Years 8 Months | Current |
Peer comparison
Sanolet Lifecare Private Limited is compared with the 3 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sapient Laboratories Private Limited | ₹22.2 Cr (FY 2024) | 5.0% | New Delhi, Delhi, India | |||
| Sanolet Lifecare Private Limitedthis company | ₹22.11 Cr (FY 2024) | ₹31.94 Lakh | 1.4% | 53.0% | 31 | Ahmedabad, Gujarat, India |
| Anhil Parenterals Private Limited | ₹22.04 Cr (FY 2025) | -10.0% | Patan, Gujarat, India | |||
| Orgamine Chemicals (India) Pvt Ltd | ₹21.91 Cr (FY 2025) | -6.0% | Dombivli East, Maharashtra, India |
To see the full peer comparison of Sanolet Lifecare Private Limited, buy the company report.
Auditor
Sanolet Lifecare Private Limited is audited by PARITOSH YAJNIK & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARITOSH YAJNIK & ASSOCIATES | FY 2023 | 132424 |
Shareholding
The shareholding of Sanolet Lifecare Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sanolet Lifecare Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.49 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Aug 2021 | 100474254 | The Kalupur Commercial Co-Operative Bank Limited | ₹9.49 Cr | Open |
To see the full charge records of Sanolet Lifecare Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Sanolet Lifecare Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sanolet Lifecare Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sanolet Lifecare Private Limited has a workforce of 31 employees on its EPFO records as of Mar 25, 2025, across 1 active EPFO establishment.
Employee count
31
Active EPFO establishments
1
Employee growth
55%
GST
Sanolet Lifecare has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABECS4951J1Z5 | Gujarat | Active | 09 Dec 2020 |
To see the full GST registrations and return filing status of Sanolet Lifecare Private Limited, buy the company report.
Recent activity
Sanolet Lifecare Private Limited has 4 board changes on record since 2020: 4 appointments. The latest: Sachin Ishvarbhai Sardava was appointed as Director on 20 Feb 2021.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited of Rs. 9.49 Cr registered on 03 Aug 2021 with Charge ID 100474254 was modified on 17 Jul 2025.
AGM
Sanolet Lifecare Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Sanolet Lifecare Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with The Kalupur Commercial Co-Operative Bank Limited amounted to Rs. 9.49 Cr with Charge ID 100474254 was registered on 03 Aug 2021.
Appointed
Sachin Ishvarbhai Sardava was appointed as Director.
Appointed
Hiren Vasantlal Shah was appointed as Director.
Appointed
Kiranbhai Kanubhai Bunde was appointed as Director.
Appointed
Tejaskumar Maganlal Padodara was appointed as Director.
Incorporation
21 Sep 2020
Sanolet Lifecare Private Limited was registered on 21 Sep 2020 with Roc Ahmedabad & aged 6 years 1 month as per MCA records.
Frequently asked questions
Sanolet Lifecare is an active private limited company based in Ahmedabad, Gujarat, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 21 September 2020 (6+ years old) and is registered under CIN U24304GJ2020PTC116691.
Sanolet Lifecare has 4 current directors:
- Tejaskumar Maganlal Padodara - Director
- Kiranbhai Kanubhai Bunde - Director
- Hiren Vasantlal Shah - Director
- Sachin Ishvarbhai Sardava - Director
The latest financial statements of Sanolet Lifecare on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Sanolet Lifecare is 24ABECS4951J1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Sanolet Lifecare is U24304GJ2020PTC116691. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sanolet Lifecare was incorporated on 21 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sanolet Lifecare by revenue are Sapient Laboratories Private Limited, Anhil Parenterals Private Limited, Orgamine Chemicals (India) Pvt Ltd, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Sachin Ishvarbhai Sardava was appointed as Director on 20 Feb 2021. Hiren Vasantlal Shah was appointed as Director on 21 Sep 2020. Kiranbhai Kanubhai Bunde was appointed as Director on 21 Sep 2020. Sanolet Lifecare has 4 board changes on record in total.
Yes, Sanolet Lifecare is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Sanolet Lifecare is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0021014).
The registered office of Sanolet Lifecare is at Plot No 10 Ls No. 151 Ch. Vasna Ta. Sanand, Ahmedabad, Gujarat, India – 382213.