Laurus Synthesis Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 1.08 M
- Company Age 4 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 434.22 Cr
- Revenue Growth 18.30%
- Profit Growth -28.97%
- Ebitda -9.13%
- Net Worth 120.06%
- Total Assets 110.97%
About Laurus Synthesis
Laurus Synthesis Private Limited (LSPL) is a Private Limited Indian Non-Government Company incorporated in India on 18 May 2020 (Four years and ten months 11 days old ). Its registered office is in Hyderabad, Telangana, India.
The Company is engaged in the Pharma Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 15.00 Cr and a paid-up capital of Rs 1.08 M.
The company currently has active open charges totaling ₹434.22 Cr.
Venkata Dammalapati, Krishna Chava, Soumya Chava, and Two other members serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U24110TG2020PTC140333
- Company No.
140333
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 May 2020
- Date of AGM
01 Jul 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Pharma
Who are the key members and board of directors at Laurus Synthesis?
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Soumya Chava  | Director | 22-Jul-2021 | Current |
| Venkata Dammalapati | Director | 23-Jul-2020 | Current |
| Krishna Chava | Director | 18-May-2020 | Current |
| Sita Chagarlamudi | Director | 18-May-2020 | Current |
| Narasimha Chava | Director | 17-Aug-2020 | Current |
Financial Performance of Laurus Synthesis.
Laurus Synthesis Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.3% increase. The company also saw a substantial fall in profitability, with a 28.97% decrease in profit. The company's net worth Soared by an impressive increase of 120.06%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Laurus Synthesis?
In 2023, Laurus Synthesis had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Theia Jewellery Private LimitedSoumya Chava is a mutual person
Sriam Labs Private LimitedKrishna Chava is a mutual person
Laurus Labs LimitedKrishna Chava and Soumya Chava are mutual person
Chemiasoft Private LimitedKrishna Chava is a mutual person
Laurus Specialty Chemicals Private LimitedKrishna Chava, Soumya Chava and 1 more are mutual person
Charges (Loans)
Open Charges
₹434.22 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- State Bank Of India : 226.22 Cr
- Hdfc Bank Limited : 155.00 Cr
- Others : 53.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Oct 2023 | Hdfc Bank Limited | ₹155.00 Cr | Open |
| 04 Aug 2022 | State Bank Of India | ₹226.22 Cr | Open |
| 24 Mar 2021 | Others | ₹53.00 Cr | Open |
How Many Employees Work at Laurus Synthesis?
Laurus Synthesis has a workforce of 211 employees as of Mar 25, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Laurus Synthesis, 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 Laurus Synthesis's trajectory.
Rating
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
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 Laurus Synthesis
Recent activity within the organization
- Annual General Meeting
Laurus Synthesis Private Limited last Annual general meeting of members was held on 01 Jul 2024 as per latest MCA records.
- Balance Sheet
Laurus Synthesis Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 155.00 Cr with Charge ID 100812500 was registered on 24 Oct 2023.
- Charges
A charge with State Bank Of India of Rs. 226.22 Cr registered on 04 Aug 2022 with Charge ID 100623956 was modified on 24 May 2023.
- Charges
A charge with Others of Rs. 53.00 Cr registered on 24 Mar 2021 with Charge ID 100437596 was modified on 24 May 2023.
- Charges
A charge with State Bank Of India amounted to Rs. 226.22 Cr with Charge ID 100623956 was registered on 04 Aug 2022.
Recent News, Updates & Announcement
Laurus Labs enters into JV agreement with KRKA, Slovenia.The joint venture will enable the production of finished products for the new markets Krka, an international generic pharmaceutical company in Novo Mesto, Slovenia and Laurus Labs have reached an agre.
- Laurus Labs Q2 Results: Net profit nosedives 84% YoY to Rs 37 crore.
Laurus Labs' revenue for the quarter ended September declined 22.3% YoY to Rs 1,224 crore in Q2FY24. The company's earnings before interest, taxes, depreciation and amortization dropped 58% YoY to Rs 188 crore, from Rs 448.9 crore in the year-ago period. The EBITDA margin was at 15.3% in Q2FY24 against 28.5% in the year-ago period..
- Laurus Labs invests Rs 80 crore in cell & gene therapy firm ImmunoACT.
The fresh infusion of capital will enable ImmunoACT to fast-track the scale-up of its lead candidate HCAR-19 by expansion of the multi-location cGMP facilities and R&D of new product pipeline. This investment will further help ImmunoACT to gear up for the manufacture of more treatments, said Satyanarayana Chava, founder and CEO of Laurus Labs..
- Laurus Labs further invests in gene therapy tech, increases its stake in lmmunoACT to 33.86%.
ImmunoACT has portfolio of Chimeric Antigen Receptor T cells (CAR-T cells) therapy assets under various development stages for the treatment of multiple auto immune diseases and oncology indications..
Frequently asked questions
What is the Incorporation or founding date of Laurus Synthesis Private Limited?
Laurus Synthesis Private Limited was incorporated on 18 May 2020.
What is authorized share capital and paid-up capital of Laurus Synthesis Private Limited?
The authorized share capital of Laurus Synthesis Private Limited is ₹ 15.00 Cr and paid-up capital is ₹ 1.08 M.
Who are the current board members & directors of Laurus Synthesis Private Limited?
Currently 5 directors are associated with Laurus Synthesis Private Limited.
- Venkata Lakshmi Narasimha Rao Dammalapati
- Krishna Chaitanya Chava
- Soumya Chava
- Sita Ramaiah Chagarlamudi
- Narasimha Rao Chava
What is the registered address of Laurus Synthesis Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Laurus Synthesis Private Limited is 2Nd Floor Sde Serene Chambers Road No. 7, Banjara Hills India, Hyderabad, Telangana, 500034.
What is the corporate identification number (CIN) and company number of Laurus Synthesis Private Limited?
The corporate identification number (CIN) of Laurus Synthesis Private Limited is U24110TG2020PTC140333 and the company number is 140333 as per Ministry of Corporate Affairs (MCA).
What is the official website of Laurus Synthesis Private Limited?
The Official website of Laurus Synthesis Private Limited is https://www.laurussynthesis.com
What has been the recent revenue trend for Laurus Synthesis Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Laurus Synthesis Private Limited has risen by 18.30%.
How many employees does Laurus Synthesis Private Limited currently have?
As Per 2023 financial reports, 211 employees are currently employed by Laurus Synthesis Private Limited.
What change has been observed in the net worth of Laurus Synthesis Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Laurus Synthesis Private Limited has experienced an upsurge of 120.06%.
What are the total open charges for Laurus Synthesis Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Laurus Synthesis Private Limited amount to ₹ 434.22 Cr.
When was the last Balance Sheet of Laurus Synthesis Private Limited filed with the ROC?
The most recent Balance Sheet for Laurus Synthesis Private Limited was filed with the ROC on 31 Mar 2024.