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Health Wheels Private Limited - healthcare in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹9 Cr
▲ 133% YoY
Net loss · FY 2024
₹1.62 Cr
Net margin -18%
EBITDA · FY 2024
-₹1.59 Cr
EBITDA margin -17.6%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹19.58 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Health Wheels Private Limited
Data last updated:
Health Wheels Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the other hospital and medical care activities segment of the healthcare sector. It was incorporated on 16 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC288563. Its GSTIN is 27AAECH0388R1ZX (Maharashtra).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹19.58 Lakh. It is led by directors including Atin Verma and Nilesh Shripad Mahambre.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹9 Cr, a growth of 133% compared to the previous year. For the same year it recorded a net loss of ₹1.62 Cr (net margin -18%) and EBITDA of -₹1.59 Cr (EBITDA margin -17.6%). Revenue has grown at a compounded annual rate (CAGR) of 183% over three years and 176% over five years.
The company is associated with 1 brand: Dial4242. The company has 11 deals on record (8 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹14.42 Cr; the latest was in July 2025. Its 10 peer companies in the same principal business activity (other hospital and medical care activities) are compared by revenue, 5 larger and 5 smaller; the largest is Healthcare Process Solutions (India) Private Limited with revenue of ₹9.03 Cr.
Health Wheels Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0068987). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dial4242.com.
Company details
CIN U74999MH2016PTC288563
Registration Number 288563
Incorporation Date 16 December 2016
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0068987
Key People
Atin Verma Director Nilesh Shripad Mahambre Director Jeetendra Ghanshyam Lalwani Director Recognitions & Rankings of Health Wheels
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0068987
Contact details
Health Wheels Private Limited's registered office is in Mumbai, Maharashtra. Its website is dial4242.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressHd – 008 Building No. II 4th Floor Spectrum Towers Off Link Road Mind Space Malad, (W), Mumbai, Maharashtra, India – 400064
- IndustryHealthcare, Other Hospital And Medical Care Activities
To see the full contact details of Health Wheels Private Limited, buy the company report.
Comprehensive company report
Health Wheels 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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Brands
Health Wheels operates one associated brand: DIAL4242. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ambulances are booked online for emergencies with real-time tracking provided. | dial4242.com |
Business activity
The main business activity of Health Wheels is hospital and medical care. In detail, this covers other hospital and medical care activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities |
To see the full business activity and turnover split of Health Wheels Private Limited, buy the company report.
Financials of Health Wheels Private Limited
FY 2025 filings availableHealth Wheels Private Limited reported revenue of ₹9 Cr (up 133% YoY) for FY 2024.
Revenue · FY 2024
₹9 Cr ▲ 133%
Net loss · FY 2024
₹1.62 Cr margin -18%
EBITDA · FY 2024
-₹1.59 Cr margin -17.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 133%
3 years · compounded
▲ 183%
5 years · compounded
▲ 176%
EBITDA CAGR growth
1 year
▼ 488%
3 years · compounded
▼ 98%
5 years · compounded
▼ 35%
Revenue has grown at a compounded annual rate (CAGR) of 176% over five years, including 133% growth in the latest year. EBITDA fell 488% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last 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 | FY 2019-20 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹1.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.62 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -17.6% | ||||
| Net Profit Margin | -18% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Health Wheels Private Limited, buy the company report.
Board of directors of Health Wheels Private Limited
Health Wheels has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atin Verma | Director | 07 Aug 2024 | 2 Years 3 Months | Current |
| Nilesh Shripad Mahambre | Director | 16 Dec 2016 | 9 Years 10 Months | Current |
| Jeetendra Ghanshyam Lalwani | Director | 16 Dec 2016 | 9 Years 10 Months | Current |
Peer comparison
Health Wheels Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other hospital and medical care activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Healthcare Process Solutions (India) Private Limited | ₹9.03 Cr (FY 2024) | 28.0% | Bangalore, Karnataka, India | |||
| Shyambhavi Labs Private Limited | ₹9.03 Cr (FY 2025) | 12.0% | Lucknow, Uttar Pradesh, India | |||
| Prompt Solutions Private Limited | ₹9.01 Cr (FY 2024) | 45.0% | Bangalore, Karnataka, India | |||
| Adhavan Diabetes Foundation India Private Limited | ₹9.01 Cr (FY 2025) | 5.0% | Pudhucherry, Puducherry, India | |||
| Arohan Mediproducts Private Limited | ₹9 Cr (FY 2025) | 25.0% | Guwahati, Assam, India | |||
| Health Wheels Private Limitedthis company | ₹9 Cr (FY 2024) | -₹1.62 Cr | -18% | 133.0% | Mumbai, Maharashtra, India | |
| Triomics Healthcare Private Limited | ₹8.99 Cr (FY 2024) | -73.0% | Surajpur, Uttar Pradesh, India | |||
| Adarsha Shathavahana Medicare Private Limited | ₹8.98 Cr (FY 2024) | 126.0% | Karimnagar, Telangana, India | |||
| Clarity Imaging Centre Private Limited | ₹8.97 Cr (FY 2024) | 0.0% | Coimbatore, Tamil Nadu, India | |||
| Aerobiotix Global Private Limited | ₹8.97 Cr (FY 2024) | 212.0% | New Delhi, Delhi, India | |||
| Inmito Meditech Private Limited | ₹8.97 Cr (FY 2025) | 39.0% | Haryana, India |
To see the full peer comparison of Health Wheels Private Limited, buy the company report.
Auditor
Health Wheels Private Limited is audited by S T P Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S T P Associates | FY 2023 | 144629W |
Shareholding
The shareholding of Health Wheels Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Health Wheels Private Limited, buy the company report.
Deals & funding
Health Wheels Private Limited has 11 deals on record (8 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹14.42 Cr; the latest was in July 2025.
Total deals
11
Funding rounds
8
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹14.42 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Funding round · Pre-Series A | ₹9 Cr | Investors: Indian Angel Network, BioAngels, NSRCEL |
| Feb 2024 | Funding round · Seed | ₹1 Cr | Investors: an individual |
| Jan 2024 | Funding round | ₹1 Cr | Investors: an individual |
| Aug 2023 | Funding round | ₹95 Lakh | Investors: Bio-Pharma Laboratories Private Limited , Edha Growth Partners LLP , 2 individuals |
| Apr 2022 | Funding round | ₹10 Lakh | Investors: an individual |
To see the full deal history of Health Wheels Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Health Wheels 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 Health Wheels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Health Wheels has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECH0388R1ZX | Maharashtra | Active | 12 Jul 2017 |
To see the full GST registrations and return filing status of Health Wheels Private Limited, buy the company report.
Recent activity
Health Wheels Private Limited has 5 board changes on record since 2016: 3 appointments and 2 cessations. The latest: Atin Verma ceased to be Additional Director on 29 Sep 2024.
AGM
Health Wheels Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Health Wheels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Atin Verma ceased to be Additional Director.
Appointed
Atin Verma was appointed as Director.
Ceased
Gautam Suresh Amonkar ceased to be Director.
Appointed
Jeetendra Ghanshyam Lalwani was appointed as Director.
Appointed
Nilesh Shripad Mahambre was appointed as Director.
Incorporation
16 Dec 2016
Health Wheels Private Limited was registered on 16 Dec 2016 with Roc Mumbai & aged 9 years 10 months as per MCA records.
News
Frequently asked questions
Health Wheels is an active private limited company based in Mumbai, Maharashtra, India. The company works in other hospital and medical care activities, within the healthcare industry. It was incorporated on 16 December 2016 (10+ years old) and is registered under CIN U74999MH2016PTC288563.
Health Wheels has 3 current directors:
- Atin Verma - Director
- Nilesh Shripad Mahambre - Director
- Jeetendra Ghanshyam Lalwani - Director
The latest financial statements of Health Wheels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Health Wheels is 27AAECH0388R1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Health Wheels is U74999MH2016PTC288563. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Health Wheels was incorporated on 16 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Health Wheels has 11 deals on record (8 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹14.42 Cr; the latest was in July 2025.
The peers of Health Wheels by revenue are Healthcare Process Solutions (India) Private Limited, Shyambhavi Labs Private Limited, Prompt Solutions Private Limited, Adhavan Diabetes Foundation India Private Limited, Arohan Mediproducts Private Limited and 5 more, all in the same principal business activity (other hospital and medical care activities).
Atin Verma ceased to be Additional Director on 29 Sep 2024. Atin Verma was appointed as Director on 07 Aug 2024. Gautam Suresh Amonkar ceased to be Director on 06 Jul 2024. Health Wheels has 5 board changes on record in total.
Yes, Health Wheels is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Health Wheels is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0068987).
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