Advance Therapeutics Private Limited
About Advance Therapeutics Private Limited
Data last updated:
Advance Therapeutics Private Limited was a private limited company based in New Delhi, Delhi, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 24 January 2002.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U33112DL2002PTC113960. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Gurmit Singh Chugh (Managing Director) and Punita Sharma.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 2nd Floor Metro Tower Lsc M.O.R. Land New Rajendra Nagar, New Delhi, Delhi, India – 110060.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.05 Lakh, a growth of 86% compared to the previous year. For the same year it recorded a net loss of ₹1.88 Lakh (net margin -91.5%) and EBITDA of -₹2.73 Lakh (EBITDA margin -133%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 53% over five years.
As per MCA filings, the company has satisfied charges of ₹5.5 Cr on record. The company has 2 deals on record (2 secondary share transfers); the latest was in October 2016. Its 4 peer companies in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 3 smaller; the largest is Bio Digital Private Limited with revenue of ₹2.06 Lakh.
Company details
Contact details
Advance Therapeutics Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2nd Floor Metro Tower Lsc M.O.R. Land New Rajendra Nagar, New Delhi, Delhi, India – 110060
- IndustryHealthcare, Medical Equipment Retail & Distribution
To see the full contact details of Advance Therapeutics Private Limited, buy the company report.
- 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
Financials of Advance Therapeutics Private Limited
FY 2023 filings availableAdvance Therapeutics Private Limited reported revenue of ₹2.05 Lakh (up 86% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 86% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 53%. EBITDA rose 61% 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
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| EBITDA | -₹2.73 Lakh | ||||
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| Net Profit (PAT) | -₹1.88 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | -133% | ||||
| Net Profit Margin | -91.5% | ||||
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To see the full financial statements and ratios of Advance Therapeutics Private Limited, buy the company report.
Board of directors of Advance Therapeutics Private Limited
Advance Therapeutics has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gurmit Singh Chugh Also directs: Pathway Medical LLP, Advance Therapeutics LLP, Translumina Therapeutics Private Limited and 5 more | Managing Director | 01 Apr 2004 | 22 Years 6 Months | As last reported |
| Punita Sharma | Director | 01 Apr 2004 | 22 Years 6 Months | As last reported |
Peer comparison
Advance Therapeutics Private Limited is compared with the 4 companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bio Digital Private Limited | ₹2.06 Lakh (FY 2025) | -5.0% | New Delhi, Delhi, India | |||
| Advance Therapeutics Private Limitedthis company | ₹2.05 Lakh (FY 2023) | -₹1.88 Lakh | -91.5% | 86.0% | New Delhi, Delhi, India | |
| Montago Agro Industries Pvt Ltd | ₹2.02 Lakh (FY 2024) | -16.0% | Kolkata, West Bengal, India | |||
| O2g Healthcare Private Limited | ₹2.02 Lakh (FY 2025) | Thane, Maharashtra, India | ||||
| Blacklith Enterprises Private Limited | ₹1.99 Lakh (FY 2025) | 144.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Advance Therapeutics Private Limited, buy the company report.
Auditor
Advance Therapeutics Private Limited is audited by M MADAN & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M MADAN & CO | FY 2022 | 010669N |
Shareholding
The shareholding of Advance Therapeutics Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
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| Others |
To see the full shareholding pattern of Advance Therapeutics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Aug 2007 | 10064833 | Hdfc Bank Limited | ₹5.5 Cr | Satisfied |
To see the full charge records of Advance Therapeutics Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Advance Therapeutics Private Limited has 2 deals on record (2 secondary share transfers); the latest was in October 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Nov 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
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 Advance Therapeutics 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 Advance Therapeutics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Advance Therapeutics has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Advance Therapeutics Private Limited, buy the company report.
Recent activity
Advance Therapeutics Private Limited has 4 board changes on record since 2004: 2 appointments and 2 cessations. The latest: Suresh Kumar ceased to be Director on 23 Aug 2016.
Frequently asked questions
Advance Therapeutics has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Advance Therapeutics was a private limited company based in New Delhi, Delhi, India. The company worked in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 24 January 2002 and is registered under CIN U33112DL2002PTC113960. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Advance Therapeutics is U33112DL2002PTC113960. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Advance Therapeutics had 2 directors:
- Gurmit Singh Chugh - Managing Director
- Punita Sharma - Director
Advance Therapeutics was incorporated on 24 January 2002. It is registered with the Registrar of Companies, Delhi.
The registered office of Advance Therapeutics is at 2nd Floor Metro Tower Lsc M.O.R. Land New Rajendra Nagar, New Delhi, Delhi, India – 110060.
The latest financial statements of Advance Therapeutics on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Advance Therapeutics has 2 GST registrations on record and all of them are cancelled or inactive.
Advance Therapeutics operated in the healthcare industry, in the medical equipment retail and distribution segment.
Advance Therapeutics has 2 deals on record (2 secondary share transfers); the latest was in October 2016.
The peers of Advance Therapeutics by revenue are Bio Digital Private Limited, Montago Agro Industries Pvt Ltd, O2g Healthcare Private Limited, Blacklith Enterprises Private Limited, all in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading).