Veeda Unlisted Shares

Latest unlisted share price, company overview and trading process

Company Overview

Introduction to Veeda Unlisted Share

Veeda Clinical Research Limited is among India’s prominent independent full-service Clinical Research Organizations (CROs). Founded in 2004, the company has steadily expanded its global footprint, delivering comprehensive clinical research solutions. Focused on innovation and strict regulatory adherence, Veeda supports pharmaceutical companies throughout the drug development lifecycle—from early-stage research to advanced clinical trials. With its established presence in the CRO industry, Veeda Clinical unlisted shares present an interesting opportunity for investors.

Read More
Business Divisions

Veeda operates across multiple specialized verticals within clinical research:

Bioavailability & Bioequivalence (BA/BE) Studies – Evaluates drug absorption and performance to meet regulatory requirements.
Pre-Clinical & Clinical Trials – Conducts Phase I, II, and III trials to aid drug development.
Bioanalytical Services – Provides advanced testing to assess drug safety and effectiveness.
Pharmacovigilance – Ensures ongoing drug safety monitoring and compliance with global regulations.
Medical Writing – Prepares regulatory documentation and scientific publications.

The company runs advanced research facilities in Ahmedabad, Mehsana, and Bangalore, equipped with modern technology to support efficient drug testing and development.

Financial Highlights

Veeda’s financial performance reflects a mix of expansion and pressure:

Revenue Growth – Revenue grew from ₹196 crore in 2021 to ₹409 crore in 2023, followed by a slight dip to ₹388 crore in 2024.
Profitability Pressure – Profit After Tax declined significantly from ₹63 crore in 2021 to a marginal loss of ₹0.3 crore in 2024.
EBITDA Trend – Margins dropped from 34.18% in 2021 to 13.66% in 2024, indicating rising operational expenses.
Higher Debt – Borrowings increased sharply from ₹24 crore in 2021 to ₹260 crore in 2024.
Asset Expansion – Total assets surged from ₹285 crore in 2021 to ₹2,040.2 crore in 2024, reflecting aggressive growth and investments.

Pros
Global Client Base – Serves clients across 27 countries, including major pharmaceutical players like Dr. Reddy’s Laboratories, Mankind Pharma, and Novugen Pharma.
Strategic Acquisitions – Acquisitions such as Heads (oncology-focused European CRO) and Bioneeds have strengthened capabilities and global reach.
Regulatory Track Record – Successfully completed 85 global inspections, ensuring compliance with authorities like USFDA and EMA.

Cons
Falling Profitability – Net Profit Margin declined sharply from 32.14% in 2021 to -0.08% in 2024.
Rising Costs – Employee and operational expenses increased significantly, affecting margins.
Increasing Debt – Borrowings rose substantially, indicating higher financial risk.

Unlisted Share Details



Promoters or Management

NameDesignationExperience
Nitin DeshmukhChairman35+
Mahesh BhalgatMD & CEO25+
Binoy GardiDirector25+

Shareholding Pattern 2025

Holding PatternsValue
Basil private limited33.83%
Bondway Investment INC19.20%
Others46.97%
How to Buy or Sell Veeda Clinical UNLISTED Shares