About Chirag Medicare Solutions Private Limited
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Chirag Medicare Solutions Private Limited is a private limited company based in Davanagere, Karnataka, India, a subsidiary of Entero Healthcare Solutions Limited. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 27 March 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51909KA2019PTC122808. Its GSTIN is 29AAICC0950C1ZX (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Praveen (Whole-Time Director) and Siddharth Upadhyay.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2650 Mcc B Block, Davanagere, Karnataka, India – 577004.
As per the financials filed for FY 2025, the company reported a revenue of ₹231.02 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹6.1 Cr (net margin 2.6%) and EBITDA of ₹11.24 Cr (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 12% over five years.
The company has about 148 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Chirag Pharma. As per MCA filings, the company has open charges of ₹18 Cr on record. Court records list 50 cases involving the company, including 50 filed by the company; 17 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in May 2019. Its 8 peer companies in the Pharma industry (Pharma Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 4 larger and 4 smaller; the largest is Generica India Limited with revenue of ₹235.66 Cr. The company has 2 MSME Form 1 returns on record between 2023 and 2024, listing 45 overdue payments to 5 micro and small suppliers.
For more details, the company can be reached via its website chiragpharma.in.
Company details
Contact details
Chirag Medicare Solutions Private Limited's registered office is in Davanagere, Karnataka. Its website is chiragpharma.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2650 Mcc B Block, Davanagere, Karnataka, India – 577004
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Chirag Medicare 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
Chirag Medicare Solutions operates one associated brand: Chirag Pharma. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Distributes pharmaceutical products to healthcare providers. | chiragpharma.in |
Business activity
The main business activity of Chirag Medicare Solutions is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Chirag Medicare Solutions Private Limited, buy the company report.
Financials of Chirag Medicare Solutions Private Limited
FY 2025 filings availableChirag Medicare Solutions Private Limited reported revenue of ₹231.02 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 9% growth in the latest year. EBITDA rose 9% 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 | ₹11.24 Cr | ||||
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| Net Profit (PAT) | ₹6.1 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 | 4.9% | ||||
| Net Profit Margin | 2.6% | ||||
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To see the full financial statements and ratios of Chirag Medicare Solutions Private Limited, buy the company report.
Board of directors of Chirag Medicare Solutions Private Limited
Chirag Medicare Solutions has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddharth Upadhyay | Director | 11 Aug 2023 | 3 Years 2 Months | Current |
| Praveen | Whole-Time Director | 16 Nov 2023 | 2 Years 11 Months | Current |
| Kulambi Eswarappa Prakash | Director | 27 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Chirag Medicare Solutions Private Limited is compared with the 8 companies closest to it by revenue in the Pharma industry (Pharma 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 |
|---|---|---|---|---|---|---|
| Generica India Limited | ₹235.66 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| Medihauxe International Private Limited | ₹235.12 Cr (FY 2023) | 9.0% | Hyderabad, Telangana, India | |||
| Supha Pharmachem Limited | ₹233.3 Cr (FY 2025) | -94.0% | Mumbai, Maharashtra, India | |||
| Chethana Pharma Private Limited | ₹232.09 Cr (FY 2025) | 10.0% | Davanagere, Karnataka, India | |||
| Chirag Medicare Solutions Private Limitedthis company | ₹231.02 Cr (FY 2025) | ₹6.1 Cr | 2.6% | 9.0% | 148 | Davanagere, Karnataka, India |
| Curatio Health Care (I) Private Limited | ₹230.93 Cr (FY 2022) | 26.0% | Ahmedabad, Gujarat, India | |||
| Tancom Electronics Private Limited | ₹230.72 Cr (FY 2025) | 84.0% | Mumbai, Maharashtra, India | |||
| Getwell Medicare Solution Private Limited | ₹225.29 Cr (FY 2025) | 23.0% | Ernakulam, Kerala, India | |||
| Pharmapoint (India) Private Limited | ₹222.83 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Chirag Medicare Solutions Private Limited, buy the company report.
Auditor
Chirag Medicare Solutions Private Limited is audited by M S K A & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2023 | 105047W |
Shareholding
The shareholding of Chirag Medicare 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 Chirag Medicare Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jan 2020 | 100320100 | Axis Bank Limited | ₹18 Cr | Open |
To see the full charge records of Chirag Medicare Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Chirag Medicare Solutions Private Limited has 1 deal on record (1 secondary share transfer); the latest was in May 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2019 | Secondary share transfer | Undisclosed | Buyer: Entero Healthcare Solutions Limited , Entero Healthcare Solutions Limited & Prabhat Agarwal Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Chirag Medicare Solutions Private Limited has 50 court cases on record: 50 filed by Chirag Medicare Solutions. 17 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 50 | 0 | 17 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAVANGERE, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DAVANGERE, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DAVANGERE, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DAVANGERE, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, DAVANGERE, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Chirag Medicare 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
Chirag Medicare Solutions Private Limited has 2 MSME Form 1 returns on record between 2023 and 2024, listing 45 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 |
|---|---|---|---|
| Remington Life Sciences LLP | |||
| R.V Enterprises (Sup) | |||
| Sapna Pharmaceuticals Private Limited | |||
| Win-Medicare Private Limited | |||
| Genuwin Life Sciences |
To see the full MSME payment records of Chirag Medicare Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Chirag Medicare Solutions Private Limited has a workforce of 148 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Chirag Medicare Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICC0950C1ZX | Karnataka | Active | 15 Apr 2019 |
To see the full GST registrations and return filing status of Chirag Medicare Solutions Private Limited, buy the company report.
Recent activity
Chirag Medicare Solutions Private Limited has 10 board changes on record since 2019: 3 appointments and 7 cessations. The latest: Siddharth Upadhyay ceased to be Additional Director on 29 Sep 2024.
3 earlier events are in the company report.
Frequently asked questions
Chirag Medicare Solutions is an active private limited company based in Davanagere, Karnataka, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 27 March 2019 (7+ years old) and is registered under CIN U51909KA2019PTC122808.
Chirag Medicare Solutions has 3 current directors:
- Praveen - Whole-Time Director
- Siddharth Upadhyay - Director
- Kulambi Eswarappa Prakash - Director
The latest financial statements of Chirag Medicare Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Chirag Medicare Solutions is 29AAICC0950C1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Chirag Medicare Solutions is U51909KA2019PTC122808. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chirag Medicare Solutions has 50 court cases on record: 50 filed by the company. 17 are pending.
Chirag Medicare Solutions was incorporated on 27 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Chirag Medicare Solutions has 1 deal on record (1 secondary share transfer); the latest was in May 2019.
The peers of Chirag Medicare Solutions by revenue are Generica India Limited, Medihauxe International Private Limited, Supha Pharmachem Limited, Chethana Pharma Private Limited, Curatio Health Care (I) Private Limited and 3 more, all in the Pharma industry (Pharma Retail and Distribution), with the same principal business activity (wholesale trading).
Siddharth Upadhyay ceased to be Additional Director on 29 Sep 2024. Praveen ceased to be Additional Director on 29 Mar 2024. Praveen was appointed as Whole-Time Director on 16 Nov 2023. Chirag Medicare Solutions has 10 board changes on record in total.
Chirag Medicare Solutions has 2 MSME Form 1 returns on record between 2023 and 2024, listing 45 overdue payments to 5 micro and small suppliers. The latest return was filed on 10 Jun 2024.
Chirag Medicare Solutions can be reached through the website chiragpharma.in. Its registered office is in Davanagere, Karnataka, India.
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