Hagel Capsule Industries Ltd
About Hagel Capsule Industries Ltd
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Hagel Capsule Industries Ltd is a public limited company based in Mumbai, Maharashtra, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 21 September 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29297MH1982PLC028260. Its GSTIN is 24AAACH2022C1ZJ (Gujarat). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹88.02 Lakh. It is led by directors including Kusum Murarilal Patwari (Managing Director) and Ashish Murarilal Patwari.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Military Road Off Marol Maroshi Road Marol, Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2024, the company reported a revenue of ₹23.33 Lakh, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹1.17 Cr and EBITDA of -₹1.24 Cr. Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 28% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹20.35 Cr on record. Court records list 8 cases involving the company, including 4 filed by the company and 4 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Hagel Capsule Industries Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMilitary Road Off Marol Maroshi Road Marol, Mumbai, Maharashtra, India – 400059
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Hagel Capsule Industries Ltd, 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 Hagel Capsule Industries Ltd
FY 2025 filings availableHagel Capsule Industries Ltd reported revenue of ₹23.33 Lakh (down 38% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 38% fall in the latest year. EBITDA fell 7% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1.24 Cr | ||||
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| Net Profit (PAT) | -₹1.17 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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To see the full financial statements and ratios of Hagel Capsule Industries Ltd, buy the company report.
Board of directors of Hagel Capsule Industries Ltd
Hagel Capsule Industries has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Murarilal Patwari Also directs: Hagel Mining and Mineral Works Private Limited, Premier Surya Shakti Udyog Private Limited, Mig Impex Private Limited and 3 more | Director | 08 Nov 2000 | 25 Years 11 Months | Current |
| Rashmi Rajkumar Modi Also directs: Hagel Mining and Mineral Works Private Limited, Premier Surya Shakti Udyog Private Limited, Mig Impex Private Limited and 5 more | Director | 28 Jun 2018 | 8 Years 3 Months | Current |
| Kusum Murarilal Patwari Also directs: Hagel Mining and Mineral Works Private Limited, Premier Surya Shakti Udyog Private Limited, Mig Impex Private Limited and 3 more | Managing Director | 21 Sep 1982 | 44 Years 1 Months | Current |
Peer comparison
Hagel Capsule Industries Ltd is compared with the 10 companies closest to it by revenue in the Healthcare industry (Medical and Laboratory Equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Medinnova Solutions Private Limited | ₹24.23 Lakh (FY 2024) | -42.0% | Surat, Gujarat, India | |||
| Apricus Lifesciences Private Limited | ₹24.01 Lakh (FY 2024) | 14.0% | Delhi, India | |||
| Genmed Pharma Pvt Ltd | ₹23.68 Lakh (FY 2025) | -5.0% | Kolkata, West Bengal, India | |||
| RRP Vision Private Limited | ₹23.67 Lakh (FY 2022) | 499.0% | Khagaria, Bihar, India | |||
| Newtop Sports Solutions Private Limited | ₹23.5 Lakh (FY 2021) | Meerut, Uttar Pradesh, India | ||||
| Hagel Capsule Industries Ltdthis company | ₹23.33 Lakh (FY 2024) | -₹1.17 Cr | -38.0% | 1 | Mumbai, Maharashtra, India | |
| Volvo Lifecare Private Limited | ₹23.11 Lakh (FY 2025) | Rajkot, Gujarat, India | ||||
| Inco Instruments and Medical Devices Private Limited | ₹23.1 Lakh (FY 2024) | -28.0% | Chandigarh, India | |||
| Inor Medical Products Limited | ₹22.87 Lakh (FY 2025) | 260.0% | Mumbai, Maharashtra, India | |||
| Avon Surgico Private Limited | ₹22.68 Lakh (FY 2019) | -11.0% | New Delhi, Delhi, India | |||
| Crystamed Lifecare Private Limited | ₹22.66 Lakh (FY 2025) | Bangalore, Karnataka, India |
To see the full peer comparison of Hagel Capsule Industries Ltd, buy the company report.
Auditor
Hagel Capsule Industries Ltd is audited by MUKUND M CHITALE & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MUKUND M CHITALE & CO | FY 2019 | 106655W |
Shareholding
The shareholding of Hagel Capsule Industries Ltd is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Hagel Capsule Industries Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Mar 2011 | 10283971 | State Bank of India | ₹12.5 Cr | Satisfied | |
| 07 Feb 2000 | 90187844 | State Bank of India | ₹60 Lakh | Satisfied | |
| 05 Jun 1986 | 90187357 | State Bank of India | ₹7.25 Cr | Satisfied |
To see the full charge records of Hagel Capsule Industries Ltd, buy the company report.
Total charge records: 3 View all charges
Legal cases
Hagel Capsule Industries Ltd has 8 court cases on record: 4 filed by Hagel Capsule Industries, 4 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 2 | 1 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed against the company by Balan Electricals Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Balan Electricals Ltd | Disposed |
| Bombay High Court | Court case (SS) | Filed against the company by Balan Electricals Ltd. | Disposed |
| Bombay High Court | Court case (SJ) | Filed against the company by Balan Electricals Ltd. | Disposed |
| Bombay High Court | Appeal | Filed by the company against Balan Electrial Limited | Pending |
To see the full case history of Hagel Capsule Industries Ltd, 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 Hagel Capsule Industries Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hagel Capsule Industries Ltd has a workforce of 1 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Hagel Capsule Industries has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH2022C1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hagel Capsule Industries Ltd, buy the company report.
Recent activity
Hagel Capsule Industries Ltd has 6 board changes on record since 1982: 3 appointments and 3 cessations. The latest: Irina Veselova ceased to be Director on 01 Jun 2019.
5 earlier events are in the company report.
Frequently asked questions
Hagel Capsule Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 21 September 1982 (44+ years old) and is registered under CIN U29297MH1982PLC028260.
Hagel Capsule Industries has 3 current directors:
- Kusum Murarilal Patwari - Managing Director
- Ashish Murarilal Patwari - Director
- Rashmi Rajkumar Modi - Director
The latest financial statements of Hagel Capsule Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hagel Capsule Industries is 24AAACH2022C1ZJ, registered in Gujarat. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Hagel Capsule Industries is U29297MH1982PLC028260. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hagel Capsule Industries has 8 court cases on record: 4 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
Hagel Capsule Industries was incorporated on 21 September 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Hagel Capsule Industries by revenue are Medinnova Solutions Private Limited, Apricus Lifesciences Private Limited, Genmed Pharma Pvt Ltd, RRP Vision Private Limited, Newtop Sports Solutions Private Limited and 5 more, all in the Healthcare industry (Medical and Laboratory Equipment).
Irina Veselova ceased to be Director on 01 Jun 2019. Rashmi Rajkumar Modi ceased to be Additional Director on 29 Sep 2018. Rashmi Rajkumar Modi was appointed as Director on 28 Jun 2018. Hagel Capsule Industries has 6 board changes on record in total.
The registered office of Hagel Capsule Industries is at Military Road Off Marol Maroshi Road Marol, Mumbai, Maharashtra, India – 400059.
Hagel Capsule Industries operates in the healthcare industry, in the medical and laboratory equipment segment.