Piramal Pharma Limited - Due diligence report

A 360° intelligence report on Piramal Pharma: trust score, financial health, credit view, compliance, directors, growth and distress signals…

2020-03-04 Mumbai, Maharashtra Active Listed Active Compliant
PP Piramal Pharma Limited
Full Due-Diligence Report + Documents
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Piramal Pharma — 360° Intelligence Report

Generated from MCA filings & public records
84/100
Trust Score
Low Risk

Piramal Pharma is assessed as Low Risk with a Trust Score of 84/100. Piramal Pharma is an active public limited indian non-government company incorporated in 2020, operating in the Pharma sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.

Report generated on 19 Jul 2026 from the latest processed filings. Piramal Pharma Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
72/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 80/100 Low Risk
  • Moderate gearing (D/E 38%).
  • Profitable - internal accruals available.
  • Externally credit-rated (AA).

Charges position: 16 open (2,430.00 cr) · 4 satisfied (1,000.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Idbi Trusteeship Services Limited11 48.0 cr
Others4 48.0 cr
The Hongkong And Shanghai Banking Corporation Limited2 48.0 cr
Axis Bank Limited1 48.0 cr
Citi Bank N.A.1 48.0 cr
Standard Chartered Bank1 48.0 cr
Compliance Score: 72/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 4 court forum(s).
  • Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
  • 19 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
NANDINI AJAY PIRAMAL 01234567 Director 01/04/2018 6 yrs Approved
PETER D DEYOUNG 01234567 Director 01/04/2018 6 yrs Approved
NATHALIE ANN LEITCH 01234567 Director 01/04/2018 6 yrs Approved
VIVEK VALSARAJ 01234567 Director 01/04/2018 6 yrs Approved
SRIDHAR GORTHI 01234567 Director 01/04/2018 6 yrs Approved
JAIRAJ MANOHAR PURANDARE 01234567 Director 01/04/2018 6 yrs Approved
TANYA SMILEY DCOSTA 01234567 Director 01/04/2018 6 yrs Approved
PETER ANDREW STEVENSON 01234567 Director 01/04/2018 6 yrs Approved
VIBHA PAUL RISHI 01234567 Director 01/04/2018 6 yrs Approved
AMIT JAIN 01234567 Director 01/04/2018 6 yrs Approved
VIVEK VALSARAJ 01234567 Director 01/04/2018 6 yrs Approved
RAMADORAI SUBRAMANIAN 01234567 Director 01/04/2018 6 yrs Approved
  • 12 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
1
Group entities
3
Capital events
-

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Group entityRelationship% held
Ash Stevens Llc Subsidiary Company 74.00%
Pel Healthcare Llc Subsidiary Company 74.00%
Pel Pharma Inc. Subsidiary Company 74.00%
Piramal Critical Care B.v. Subsidiary Company 74.00%
Piramal Critical Care Deutschland Gmbh Subsidiary Company 74.00%
Piramal Critical Care Inc. Subsidiary Company 74.00%
Piramal Critical Care Italia S.p.a. Subsidiary Company 74.00%
Piramal Critical Care Limited Subsidiary Company 74.00%
Piramal Critical Care Pty. Ltd Subsidiary Company 74.00%
Piramal Critical Care Single Member P.c. Subsidiary Company 74.00%

Key managerial personnel: NANDINI AJAY PIRAMAL (Whole-time director) · PETER D DEYOUNG (Whole-time director) · VIVEK VALSARAJ (CFO) · VIVEK VALSARAJ (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
EPFO headcount growing - hiring signal.
Operating for 6 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
16 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 410.08 cr.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence81/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment82/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 16 open charge(s) of 2,430.00 cr already registered.
  • Compliance record supports lending.
Investor view86/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Jul 2025
Last AGM held
Annual general meeting
29 Jul 2025
Director ceased
AMIT JAIN
19 May 2025
Charge created
Idbi Trusteeship Services Limited - 300.00 cr
14 May 2025
Director appointed
AMIT JAIN (Director)
Director ceased
NEERAJ BHARADWAJ
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Jan 2025
Director appointed
NATHALIE ANN LEITCH (Director)
12 Dec 2024
Charge created
Idbi Trusteeship Services Limited - 100.00 cr
10 Dec 2024
Charge created
Idbi Trusteeship Services Limited - 200.00 cr
Charge created
Idbi Trusteeship Services Limited - 100.00 cr
10 Sep 2024
Charge created
Idbi Trusteeship Services Limited - 150.00 cr
06 May 2024
Charge satisfied
Idbi Trusteeship Services Limited
12 Feb 2024
Charge created
Idbi Trusteeship Services Limited - 200.00 cr
18 Dec 2023
Charge created
Idbi Trusteeship Services Limited - 130.00 cr
08 Dec 2023
Charge satisfied
Axis Bank Limited
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
12 active director(s) / partner(s); board looks stable and experienced.
19 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
31 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Himadri L27106WB1987PLC042756 Kolkata, West Bengal, India
Tatachemicals L24239MH1939PLC002893 Mumbai, Maharashtra, India
Atul L99999GJ1975PLC002859 Ahmedabad, Gujarat, India
Lauruslabs L24239AP2005PLC047518 Anakapalle, Andhra Pradesh, India
Bayer India L24210MH1958PLC011173 Thane West, Maharashtra, India
Pcblltd L23109WB1960PLC024602 Kolkata, West Bengal, India
Alembic Pharmaceuticals L24230GJ2010PLC061123 Vadodara, Gujarat, India
Alembic L26100GJ1907PLC000033 Baroda, Gujarat, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Piramal Pharma before audits and certifications: compliance score 72/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Piramal Pharma: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 80/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Piramal Pharma - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Piramal Pharma pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Piramal Pharma - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Piramal Pharma an active company?

Piramal Pharma has MCA status “Active” with a compliance score of 72/100 (Moderate).

Is Piramal Pharma financially healthy?

Piramal Pharma has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Piramal Pharma?

Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Piramal Pharma?

Promoters hold the largest single block of equity - exact percentages are in the full report. 12 active director(s) are on record.

Does Piramal Pharma have loans or charges against its assets?

16 open charge(s) are registered against its assets, and 4 earlier charge(s) stand satisfied.

Is Piramal Pharma up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 72/100 (Moderate).

Is it risky to lend to Piramal Pharma?

Its Credit Risk Score is 80/100 (Low Risk). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.