Jay Formulations Ltd

Pharmaceutical company manufacturing a wide range of tablets since 1988 in Gujarat.

1988 | Ahmedabad, Gujarat (India) | Under Insolvency
Last Updated: January 15, 2025

Jay Formulations Profile

Key Indicators

  • Authorised Capital ₹ 3.05 Cr
  • Paid Up Capital ₹ 2.04 Cr
  • Company Age 36 Year, 8 Months
  • Last Filing with ROC 31 Mar 2021
  • Open Charges ₹ 73.81 Cr
  • Satisfied Charges ₹ 1.30 M
  • Revenue Growth 10.63%
  • Profit Growth -1694.28%
  • Ebitda -326.73%
  • Net Worth -115.25%
  • Total Assets -5.77%

About Jay Formulations

Jay Formulations Ltd (JFL) is Under Cirp company established on 15 Jun 1988 with its office registered at Ahmedabad, Gujarat, India and has been running since 36 Year, 8 Months with a paid up capital of 2.04 Cr. According to MCA records, 3 Directors are linked to this company as of 15 Jan 2025.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    jayformulations.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17119GJ1988PLC010855

  • Company No.

    010855

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    15 Jun 1988

  • Date of AGM

    30 Nov 2021

  • Date of Balance Sheet

    31 Mar 2021

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Pharma

Who are the key members and board of directors at Jay Formulations?

Executive Team (1)

NameDesignationAppointment DateStatus
Rakshit Patel Country flag representing In Managing Director19-Jan-2003Current

Board Members (2)

NameDesignationAppointment DateStatus
Komal Patel Country flag representing In Director 24-Jun-2014Current
Aarjav Patel Country flag representing In Director 24-Jun-2014Current

Financial Performance of Jay Formulations.

Jay Formulations Ltd, for the financial year ended 2021, experienced significant growth in revenue, with a 10.63% increase. The company also saw a substantial fall in profitability, with a 1694.28% decrease in profit. The company's net worth observed a substantial decline by a decrease of 115.25%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
10.63%
Revenue from Operations
10.16%
Total Assets
-5.77%
Profit or Loss
-1694.28%
Net Worth
-115.25%
EBITDA
-326.73%

What is the Ownership and Shareholding Structure of Jay Formulations?

In 2019, Jay Formulations had a promoter holding of 58.96% and a public holding of 41.04%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹73.81 Cr

Satisfied Charges

₹0.13 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 63.00 Cr
  • Sidbi : 7.80 Cr
  • Tata Capital Financial Services Limited : 1.24 Cr
  • The State Bank Of India : 0.89 Cr
  • Others : 0.88 Cr

Latest Charge Details

DateLenderAmountStatus
08 Jan 2021Sidbi₹2.80 CrOpen
02 Jan 2021Tata Capital Financial Services Limited₹1.24 CrOpen
08 Sep 2020Others₹1.25 MOpen
30 Jul 2020Others₹1.24 MOpen
24 Jul 2020Sidbi₹2.80 CrOpen

How Many Employees Work at Jay Formulations?

Unlock and access historical data on people associated with Jay Formulations, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Jay Formulations, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Jay Formulations's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Jay Formulations

Recent activity within the organization

  • Annual General Meeting

    Jay Formulations Ltd last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.

    30 Nov 2021

  • Balance Sheet

    Jay Formulations Ltd has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Ahmedabad.

    31 Mar 2021

  • Charges

    A charge with Sidbi amounted to Rs. 2.80 Cr with Charge ID 100406695 was registered on 08 Jan 2021.

    08 Jan 2021

  • Charges

    A charge with Tata Capital Financial Services Limited amounted to Rs. 1.24 Cr with Charge ID 100411118 was registered on 02 Jan 2021.

    02 Jan 2021

  • Charges

    A charge with Others amounted to Rs. 0.13 Cr with Charge ID 100408793 was registered on 08 Sep 2020.

    08 Sep 2020

  • Charges

    A charge with State Bank Of India of Rs. 60.85 Cr registered on 29 Mar 2001 with Charge ID 90111563 was modified on 14 Aug 2020.

    14 Aug 2020

Frequently asked questions

  • Jay Formulations Ltd was incorporated on 15 Jun 1988.

  • The authorized share capital of Jay Formulations Ltd is ₹ 3.05 Cr and paid-up capital is ₹ 2.04 Cr.

  • Currently 3 directors are associated with Jay Formulations Ltd.

    • Komal Rakshit Patel
    • Aarjav Maheshbhai Patel
    • Rakshit Ashwinbhai Patel
  • As per Ministry of Corporate Affairs (Mca), the registered address of Jay Formulations Ltd is 13 First Floor Harikrishnacomplex B/H Dipalee Cinema Ashram Road India, Ahmedabad, Gujarat, 380009.

  • The corporate identification number (CIN) of Jay Formulations Ltd is U17119GJ1988PLC010855 and the company number is 010855 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Jay Formulations Ltd is https://www.jayformulations.in

  • According to the financial reports for the fiscal year 2021, the revenue trend for Jay Formulations Ltd has risen by 10.63%.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Jay Formulations Ltd has experienced an downturn of -115.25%.

  • As per the financial statements for fiscal Year 2021, The total open charges for Jay Formulations Ltd amount to ₹ 73.81 Cr.

  • The most recent Balance Sheet for Jay Formulations Ltd was filed with the ROC on 31 Mar 2021.

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