MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0062092
Goldwin Medicare Limited - healthcare in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹31.53 Cr
▼ 18% YoY
Net loss · FY 2025
₹4 Cr
Net margin -12.7%
EBITDA · FY 2025
-₹26.13 Lakh
EBITDA margin -0.8%
Authorised capital
₹1.2 Cr
Registered with MCA
Paid-up capital
₹11.8 Lakh
Issued & subscribed
Open charges
₹48.25 Cr
Satisfied ₹23.99 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
47
Provident fund records
About Goldwin Medicare Limited
Data last updated:
Goldwin Medicare Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the medical consumables and supplies segment of the healthcare sector. It was incorporated on 28 August 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24236MH1986PLC040758. Its GSTIN is 27AAACG1418R1ZD (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹11.8 Lakh. It was formerly known as Golden Surgimed Private Limited and Golden Surgimed Limited. It is led by directors including Blake Alves and Randolph Alves.
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 2 Doctor House 124 Perin Nariman Street Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.53 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹4 Cr (net margin -12.7%) and EBITDA of -₹26.13 Lakh (EBITDA margin -0.8%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 3% over five years.
The company has about 47 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Goldwin Medicare Ltd and Alves Group. As per MCA filings, the company has open charges of ₹48.25 Cr and satisfied charges of ₹23.99 Cr on record. Court records list 33 cases involving the company, including 30 filed by the company and 3 filed against it; 6 cases are pending. The company has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹80 Lakh; the latest was in January 2016.
Goldwin Medicare Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0062092). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goldwinmedicare.com.
Company details
CIN U24236MH1986PLC040758
Registration Number 040758
Incorporation Date 28 August 1986
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0062092
Name history
Goldwin Medicare has undergone 4 name changes throughout its history. The current legal name is Goldwin Medicare Limited.
| Company Name | Status |
|---|---|
| Goldwin Medicare Limited | Current |
| Golden Surgimed Private Limited | Previous |
| Golden Surgimed Limited | Previous |
| Golden Surgical Dressings & Fibres Limited | Previous |
| Golden Surgical Dressings & Fibres Private Limited | Previous |
CIN history
Goldwin Medicare has one previous CIN (Corporate Identification Number): U24236MH1986PTC040758. The current CIN is U24236MH1986PLC040758, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24236MH1986PLC040758 | Current |
| U24236MH1986PTC040758 | Previous |
Recognitions & Rankings of Goldwin Medicare
Contact details
Goldwin Medicare Limited's registered office is in Mumbai, Maharashtra. Its website is goldwinmedicare.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2 Doctor House 124 Perin Nariman Street Fort, Mumbai, Maharashtra, India – 400001
- IndustryHealthcare, Medical Consumables & Supplies
To see the full contact details of Goldwin Medicare Limited, buy the company report.
Comprehensive company report
Goldwin Medicare 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
Goldwin Medicare operates two associated brands: GOLDWIN MEDICARE LTD and Alves Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality pharmaceuticals and medical devices for healthcare applications. | alvesgroup.com | |
| Manufacturing and marketing of medical devices and pharmaceuticals, focusing on wound care, fracture management, and drug repacking in India. | goldwinmedicare.com |
Business activity
The main business activity of Goldwin Medicare is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Goldwin Medicare Limited, buy the company report.
Financials of Goldwin Medicare Limited
FY 2024 filings availableGoldwin Medicare Limited reported revenue of ₹31.53 Cr (down 18% YoY) for FY 2025.
Revenue · FY 2025
₹31.53 Cr ▼ 18%
Net loss · FY 2025
₹4 Cr margin -12.7%
EBITDA · FY 2025
-₹26.13 Lakh margin -0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▼ 14%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 50%
3 years · compounded
▼ 27%
5 years · compounded
▼ 16%
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 18% fall in the latest year. EBITDA rose 50% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Expenses | |||||
| EBITDA | -₹26.13 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.8% | ||||
| Net Profit Margin | -12.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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To see the full financial statements and ratios of Goldwin Medicare Limited, buy the company report.
Board of directors of Goldwin Medicare Limited
Goldwin Medicare has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Blake Alves | Director | 04 Dec 2020 | 5 Years 10 Months | Current |
| Randolph Alves Also directs: Alpha Omega Attorneys LLP, Mega Medicals Private Limited, Alves Healthcare Private Limited and 4 more | Director | 06 Jul 1995 | 31 Years 3 Months | Current |
| Savio Lewis Alves Also directs: Mega Medicals Private Limited, Alves Healthcare Private Limited, Randwin Exim Private Limited and 2 more | Director | 01 Aug 2011 | 15 Years 2 Months | Current |
Auditor
Goldwin Medicare Limited is audited by SHROFF GONSALVES & DALIA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHROFF GONSALVES & DALIA | FY 2023 | 112553W |
Shareholding
The shareholding of Goldwin Medicare 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 Goldwin Medicare Limited, buy the company report.
Charges & borrowings
Open charges
₹48.25 Cr
Satisfied charges
₹23.99 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Oct 2011 | 10315887 | Citizencredit Co-Operative Bank Ltd.- Dadar Branch | ₹15.23 Cr | Open | |
| 26 Jul 2011 | 10300709 | Others | ₹23.5 Cr | Open | |
| 30 Jun 2011 | 10300708 | Others | ₹9.05 Cr | Open | |
| 15 Sep 1989 | 90225696 | The Saraswat Co-Operative Bank Ltd | ₹2 Lakh | Open | |
| 15 Sep 1989 | 90228217 | The Saraswat Co-Op Bank Ltd. | ₹2 Lakh | Open |
To see the full charge records of Goldwin Medicare Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Goldwin Medicare Limited has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹80 Lakh; the latest was in January 2016.
Total deals
2
Funding round
1
Rights issue
1
Disclosed funding
₹80 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2016 | Rights issue | ₹18.9 Lakh | Investors: Transmutation Ventures Private Limited |
| Mar 2010 | Funding round | ₹80 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Goldwin Medicare Limited has 33 court cases on record: 30 filed by Goldwin Medicare, 3 filed against it. 6 cases are pending and 27 are disposed.
Total cases
33
Filed by the company
30
Filed against the company
3
Pending
6
Disposed
27
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 3 | 3 |
| High courts | 16 | 0 | 3 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (REQ. CASE) | Filed by the company against Bihar Medical Services and Infrastructure Corporation Limited (Bmsicl) | Pending |
| High Court | Writ petition | Filed by the company against Chhattisgarh Medical Service Corporation Limited and 1 other | Pending |
| District court, Patna, Bihar | Arbitration matter | Filed by the company against Bihar Medical Services and Infrastructure Corporation Limited (Bmsicl and 3 Others and 1 other | Disposed |
| High Court | Writ petition | Filed by the company against Chhattisgarh Medical Services Corporation Limited and 1 other | Disposed |
| High Court | Writ petition | Filed by the company against The Kerala Medical Services Corporation Ltd, and 1 other | Disposed |
To see the full case history of Goldwin Medicare 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
No delayed payments to MSME suppliers are on our record for Goldwin Medicare Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Goldwin Medicare has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Alves Healthcare Private Limited | U24239MH1995PTC090337 |
To see the full group structure of Goldwin Medicare Limited, buy the company report.
Employees & EPFO
Goldwin Medicare Limited has a workforce of 47 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
47
Active EPFO establishments
1
Employee growth
9.3%
GST
Goldwin Medicare has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG1418R1ZD | Maharashtra | Active | 01 Jul 2017 |
| 18AAACG1418R1ZC | Assam | Active | 13 Jun 2019 |
| 04AAACG1418R1ZL | Chandigarh | Active | 03 Jul 2019 |
| 29AAACG1418R1Z9 | Karnataka | Active | 11 Jul 2019 |
To see the full GST registrations and return filing status of Goldwin Medicare Limited, buy the company report.
Recent activity
Goldwin Medicare Limited has 10 board changes on record since 1995: 3 appointments and 7 cessations. The latest: Blake Alves ceased to be Additional Director on 31 Dec 2020.
AGM
Goldwin Medicare Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others of Rs. 23.50 Cr registered on 26 Jul 2011 with Charge ID 10300709 was modified on 30 Aug 2024.
Filing
Goldwin Medicare Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Blake Alves ceased to be Additional Director.
Ceased
Anand Dubey ceased to be Director.
Appointed
Blake Alves was appointed as Director.
Charges
A charge with Others of Rs. 9.05 Cr registered on 30 Jun 2011 with Charge ID 10300708 was modified on 08 May 2018.
Ceased
Shyamsunder Damodar Naik ceased to be Director.
Ceased
Pramod Madhukar Mali ceased to be Additional Director.
Charges
A charge with Citizencredit Co-Operative Bank Ltd.- Dadar Branch amounted to Rs. 15.23 Cr with Charge ID 10315887 was registered on 22 Oct 2011.
Ceased
Raju Maruti Khaire ceased to be Director.
Appointed
Savio Lewis Alves was appointed as Director.
42 earlier events are in the company report.
Frequently asked questions
Goldwin Medicare is an active public limited company based in Mumbai, Maharashtra, India. The company works in medical consumables and supplies, within the healthcare industry. It was incorporated on 28 August 1986 (40+ years old) and is registered under CIN U24236MH1986PLC040758.
Goldwin Medicare has 3 current directors:
- Blake Alves - Director
- Randolph Alves - Director
- Savio Lewis Alves - Director
The latest financial statements of Goldwin Medicare on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Goldwin Medicare is 27AAACG1418R1ZD, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 18AAACG1418R1ZC (Assam), 04AAACG1418R1ZL (Chandigarh), 29AAACG1418R1Z9 (Karnataka).
The CIN (Corporate Identification Number) of Goldwin Medicare is U24236MH1986PLC040758. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goldwin Medicare has 33 court cases on record: 30 filed by the company and 3 filed against it. 6 are pending. Most are in the district courts.
Goldwin Medicare was incorporated on 28 August 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Goldwin Medicare has 2 deals on record (1 funding round, 1 rights issue), with disclosed funding of ₹80 Lakh; the latest was in January 2016.
Blake Alves ceased to be Additional Director on 31 Dec 2020. Anand Dubey ceased to be Director on 28 Dec 2020. Blake Alves was appointed as Director on 04 Dec 2020. Goldwin Medicare has 10 board changes on record in total.
Yes, Goldwin Medicare is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0062092).
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