About Ascent Wellness and Pharma Solutions Private Limited
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Ascent Wellness and Pharma Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Ahwspl India Private Limited. It operates in the healthtech and medical tech solutions segment of the healthcare sector. It was incorporated on 27 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2019PTC325869. Its GSTIN is 27AASCA3306L1ZE (Maharashtra). The company holds 19 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹7.48 Lakh. It is led by directors including Yash Jayesh Parekh (Whole-Time Director) and Raj Kumar Chatterjee (Whole-Time Director).
Its last annual general meeting (AGM) was held on 20 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 2025, the company reported a revenue of ₹1,372.95 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹247.01 Cr (net margin -18%) and EBITDA of -₹65.21 Cr (EBITDA margin -4.7%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years.
The company has about 1,787 employees on its provident fund (EPFO) records. Its group structure includes 15 subsidiaries.
The company is associated with 2 brands: Mahaveer Medi Sales and Ascent Health & Wellness Solutions. As per MCA filings, the company has open charges of ₹85 Cr and satisfied charges of ₹2,064 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 4 cases are pending. The company has 4 deals on record (2 convertible or debt financings, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹222.47 Cr; the latest was in September 2025. The company has 4 MSME Form 1 returns on record between 2020 and 2023, listing 8 overdue payments to 5 micro and small suppliers.
For more details, the company can be reached via its website ahwspl.com.
Company details
Contact details
Ascent Wellness and Pharma Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is ahwspl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB – 3 (III) B – 7 (III) Krishna Mill Compoud, Sonapur Lane L.B.S Marg Bhandup (West), Mumbai, Maharashtra, India – 400078
- IndustryHealthcare, HealthTech & Medical Tech Solutions
To see the full contact details of Ascent Wellness and Pharma Solutions 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
Brands
Ascent Wellness and Pharma Solutions operates two associated brands: Mahaveer Medi Sales and Ascent Health & Wellness Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as a distributor of a wide range of pharmaceutical drugs. | mahaveermedi.com | |
| Pharmaceutical supply chain solutions are provided, including logistics and automation. | ahwspl.com |
Business activity
The main business activities of Ascent Wellness and Pharma Solutions are trade and information and communication. In detail, this covers wholesale trading and other information & communication service activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Ascent Wellness and Pharma Solutions Private Limited, buy the company report.
Financials of Ascent Wellness and Pharma Solutions Private Limited
FY 2025 filings availableAscent Wellness and Pharma Solutions Private Limited reported revenue of ₹1,372.95 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over three years, including 4% growth in the latest year. EBITDA rose 73% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹65.21 Cr | ||||
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| Net Profit (PAT) | -₹247.01 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -4.7% | ||||
| Net Profit Margin | -18% | ||||
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To see the full financial statements and ratios of Ascent Wellness and Pharma Solutions Private Limited, buy the company report.
Board of directors of Ascent Wellness and Pharma Solutions Private Limited
Ascent Wellness and Pharma Solutions has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Jayesh Parekh Also directs: Ahwspl India Private Limited | Whole-Time Director | 19 Aug 2019 | 7 Years 2 Months | Current |
| Ashish Arora | Director | 25 Jul 2024 | 2 Years 3 Months | Current |
| Kalpana Srinivasan Also directs: Akp Healthcare Private Limited, Mahaveer Medi-Sales Private Limited, Aryan Wellness Private Limited and 5 more | Director | 30 Sep 2024 | 2 Years 1 Months | Current |
| Raj Kumar Chatterjee Also directs: Aryan Wellness Private Limited | Whole-Time Director | 21 May 2025 | 1 Years 5 Months | Current |
Auditor
Ascent Wellness and Pharma Solutions Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Ascent Wellness and Pharma Solutions Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ascent Wellness and Pharma Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2020 | 100404573 | Hdfc Bank Limited | ₹85 Cr | Open | |
| 04 Mar 2025 | 101055431 | Axis Bank Limited | ₹35 Cr | Satisfied | |
| 24 Aug 2021 | 100480629 | Others | ₹1,929 Cr | Satisfied | |
| 22 Dec 2020 | 100404969 | Others | ₹85 Cr | Satisfied | |
| 22 Dec 2020 | 100413765 | Others | ₹15 Cr | Satisfied |
To see the full charge records of Ascent Wellness and Pharma Solutions Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Ascent Wellness and Pharma Solutions Private Limited has 4 deals on record (2 convertible or debt financings, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹222.47 Cr; the latest was in September 2025.
Deals on record (2 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Rights issue | ₹1,250.27 Cr | Investors: Api Holdings Limited |
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: Ahwspl India Private Limited , Ahwspl India Private Limited & Haresh Parekh Seller: Api Holdings Limited , Api Holdings Private Limited & Nimesh Rungta |
To see the full deal history of Ascent Wellness and Pharma Solutions 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
Ascent Wellness and Pharma Solutions Private Limited has 6 court cases on record: 6 filed by Ascent Wellness and Pharma Solutions. 4 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 4 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed by the company against Ms Rajendran Sathya Proprietor of Sathya Pharmaceuticals | Pending |
| District court, South East, Delhi | Cheque dishonour complaint | Filed by the company against Rajendran Sathya Proprietor of Sathya Pharmaceuticals | Pending |
| District court, South East, Delhi | Cheque dishonour complaint | Filed by the company against Ms Rajendran Sathya Proprietor of Sathya Pharmaceuticals | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against an individual | Pending |
| District court, Kamrup Metro, Assam | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Ascent Wellness and Pharma Solutions Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Ascent Wellness and Pharma Solutions Private Limited has 4 MSME Form 1 returns on record between 2020 and 2023, listing 8 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Inga Laboratories Private Limited | |||
| Network Techlab (India) Limited | |||
| Ab Cartridge Private Limited | |||
| Deepak Gulati & Associates | |||
| an individual supplier |
To see the full MSME payment records of Ascent Wellness and Pharma Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ascent Wellness and Pharma Solutions has 15 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Aushad Pharma Distributors Private Limited | U24290KA2018PTC119413 | |
| Venkatesh Medico Private Limited | U24304KA2017PTC106716 | |
| Akp Healthcare Private Limited | U24304KA2017PTC106747 | |
| Dial Health Drug Supplies Private Limited | U51101MH2015PTC270083 | |
| Mahaveer Medi-Sales Private Limited | U51103KA2016PTC086880 | |
| Rau and Co Pharma Private Limited | U51109TN2016PTC104216 |
To see the full group structure of Ascent Wellness and Pharma Solutions Private Limited, buy the company report.
Employees & EPFO
Ascent Wellness and Pharma Solutions Private Limited has a workforce of 1,787 employees on its EPFO records as of Apr 24, 2024, across 1 active EPFO establishment.
GST
Ascent Wellness and Pharma Solutions has 19 GST registrations: 19 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AASCA3306L1ZE | Maharashtra | Active | 26 Jul 2019 |
| 34AASCA3306L1ZJ | Puducherry | Active | 08 Mar 2021 |
| 09AASCA3306L1ZC | Uttar Pradesh | Active | 09 Mar 2021 |
| 10AASCA3306L1ZT | Bihar | Active | 03 May 2021 |
To see the full GST registrations and return filing status of Ascent Wellness and Pharma Solutions Private Limited, buy the company report.
Recent activity
Ascent Wellness and Pharma Solutions Private Limited has 16 board changes on record since 2019: 4 appointments and 12 cessations. The latest: Kalpana Srinivasan ceased to be Additional Director on 19 Sep 2025.
17 earlier events are in the company report.
News
Frequently asked questions
Ascent Wellness and Pharma Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in healthtech and medical tech solutions, within the healthcare industry. It was incorporated on 27 May 2019 (7+ years old) and is registered under CIN U74999MH2019PTC325869.
Ascent Wellness and Pharma Solutions has 4 current directors:
- Yash Jayesh Parekh - Whole-Time Director
- Raj Kumar Chatterjee - Whole-Time Director
- Ashish Arora - Director
- Kalpana Srinivasan - Director
The latest financial statements of Ascent Wellness and Pharma Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Ascent Wellness and Pharma Solutions is 27AASCA3306L1ZE, registered in Maharashtra. The company has 19 GST registrations in all, of which 19 are active. Other active GSTINs include 34AASCA3306L1ZJ (Puducherry), 09AASCA3306L1ZC (Uttar Pradesh), 10AASCA3306L1ZT (Bihar).
The CIN (Corporate Identification Number) of Ascent Wellness and Pharma Solutions is U74999MH2019PTC325869. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ascent Wellness and Pharma Solutions has 6 court cases on record: 6 filed by the company. 4 are pending. Most are in the district courts.
Ascent Wellness and Pharma Solutions was incorporated on 27 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Ascent Wellness and Pharma Solutions has 4 deals on record (2 convertible or debt financings, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹222.47 Cr; the latest was in September 2025.
Kalpana Srinivasan ceased to be Additional Director on 19 Sep 2025. Raj Kumar Chatterjee was appointed as Whole-Time Director on 21 May 2025. Raj Kumar Chatterjee ceased to be Additional Director on 21 May 2025. Ascent Wellness and Pharma Solutions has 16 board changes on record in total.
Ascent Wellness and Pharma Solutions has 4 MSME Form 1 returns on record between 2020 and 2023, listing 8 overdue payments to 5 micro and small suppliers. The latest return was filed on 27 Aug 2023.
Ascent Wellness and Pharma Solutions can be reached through the website ahwspl.com. Its registered office is in Mumbai, Maharashtra, India.
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