Virtuous Medicine Private Limited
About Virtuous Medicine Private Limited
Data last updated:
Virtuous Medicine Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the business process outsourcing sector. It was incorporated on 06 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85100KA2015PTC083153. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10,000 and a paid-up capital of ₹10,000. It is led by directors Ekta Baranwal and Akhil Kumar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Villa # 22 Lgcl Ashlar 55/1 Choodasandra Sarjapur Hobli Kasavanahalli Main Road, Bangalore, Karnataka, India – 560091.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.17 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹2,673 (net margin 0%) and EBITDA of ₹5,430 (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 30% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressVilla # 22 Lgcl Ashlar 55/1 Choodasandra Sarjapur Hobli Kasavanahalli Main Road, Bangalore, Karnataka, India – 560091
- IndustryBusiness Outsourcing, Business Process Outsourcing
- 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
- One PDF report, delivered after checkout
Business Activity of Virtuous Medicine Private Limited
The main business activity of Virtuous Medicine is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Virtuous Medicine Private Limited FY 2024 filings available
Virtuous Medicine Private Limited reported revenue of ₹1.17 Cr (down 38% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Virtuous Medicine Private Limited
Revenue fell 38% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 30%. EBITDA rose 182% 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 of Virtuous Medicine Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5,430 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2,673 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Virtuous Medicine Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Virtuous Medicine are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Virtuous Medicine Private Limited
Virtuous Medicine Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Diversified BPO). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Makeolix Consulting Private Limited | ₹1.18 Cr (FY 2025) | •••• | •••• | 93.0% | •••• | Gurugram, Haryana, India |
| Benchmark Business Solutions Private Limited | ₹1.18 Cr (FY 2019) | •••• | •••• | 34.0% | •••• | Bangalore, Karnataka, India |
| Accudoc Infotech Private Limited | ₹1.17 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Bangalore, Karnataka, India |
| Madras Tiger Creative Solutions Private Limited | ₹1.17 Cr (FY 2023) | •••• | •••• | 235.0% | •••• | Chennai, Tamil Nadu, India |
| BMRS Infotek Private Limited | ₹1.17 Cr (FY 2025) | •••• | •••• | -80.0% | •••• | Bangalore, Karnataka, India |
| Virtuous Medicine Private Limited this company | ₹1.17 Cr (FY 2024) | •••• | •••• | -38.0% | •••• | Bangalore, Karnataka, India |
| Southern Finserve Private Limited | ₹1.16 Cr (FY 2025) | •••• | •••• | -53.0% | •••• | Chennai, Tamil Nadu, India |
| Finacumen Prohub Private Limited | ₹1.16 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Ahmedabad, Gujarat, India |
| Jam's Accountancy Solutions Private Limited | ₹1.16 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Vadodara, Gujarat, India |
| Processmind Business Solutions Private Limited | ₹1.16 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Mumbai, Maharashtra, India |
| Pride Container Services India Private Limited | ₹1.16 Cr (FY 2025) | •••• | •••• | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Virtuous Medicine by revenue in the Outsourcing industry (Diversified BPO), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Virtuous Medicine Private Limited
Virtuous Medicine Private Limited is audited by HARSH R JAIN AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| HARSH R JAIN AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Virtuous Medicine Private Limited
Virtuous Medicine has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ekta Baranwal | Director | 06 Oct 2015 | 11 Years 0 Months | Current |
| Akhil Kumar | Director | 06 Oct 2015 | 11 Years 0 Months | Current |
Ownership and Shareholding of Virtuous Medicine Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Virtuous Medicine Private Limited
Virtuous Medicine Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Virtuous Medicine Private Limited
Employment history and EPFO contributions of people linked to Virtuous Medicine.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Virtuous Medicine Private Limited
Virtuous Medicine Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Akhil Kumar was appointed as Director on 06 Oct 2015.
Credit Ratings, Litigation & Regulatory Alerts for Virtuous Medicine Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Virtuous Medicine Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Virtuous Medicine Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Virtuous Medicine Private Limited
Virtuous Medicine has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Virtuous Medicine Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Virtuous Medicine Private Limited
Virtuous Medicine is an active private limited company based in Bangalore, Karnataka, India. The company works in business process outsourcing, within the business outsourcing industry. It was incorporated on 06 October 2015 (11+ years old) and is registered under CIN U85100KA2015PTC083153.
Virtuous Medicine reported revenue of ₹1.17 Cr for FY 2024 (down 38% YoY).
Virtuous Medicine has 2 current directors:
- Ekta Baranwal - Director
- Akhil Kumar - Director
Virtuous Medicine reported a net loss of ₹2,673 (net margin 0%) and EBITDA of ₹5,430 (EBITDA margin 0%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Virtuous Medicine is -1% over three years and 30% over five years. In the latest year (FY 2024) revenue fell 38%. CAGR is the steady yearly rate that links the first and the last year.
No. Virtuous Medicine has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Virtuous Medicine is U85100KA2015PTC083153. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virtuous Medicine was incorporated on 06 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Virtuous Medicine by revenue are Makeolix Consulting Private Limited, Benchmark Business Solutions Private Limited, Accudoc Infotech Private Limited, Madras Tiger Creative Solutions Private Limited, BMRS Infotek Private Limited and 5 more, all in the Outsourcing industry (Diversified BPO).
Akhil Kumar was appointed as Director on 06 Oct 2015. Ekta Baranwal was appointed as Director on 06 Oct 2015.
The registered office of Virtuous Medicine is at Villa # 22 Lgcl Ashlar 551 Choodasandra Sarjapur Hobli Kasavanahalli Main Road, Bangalore, Karnataka, India – 560091.