About Harmony Medicare Private Limited
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Harmony Medicare Private Limited is a private limited company based in Bharuch, Gujarat, India, a subsidiary of Baroda Medicare Private Limited. It operates in the hospital and clinical services segment of the healthcare sector. It was incorporated on 16 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U85195GJ2009PTC057278. Its GSTIN is 24AACCH3415P1ZJ (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Ketankumar Somchandbhai Doshi and Wasim Ayyub Raj.
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 01st Floor Adarsh Market Station Road Panchbatti, Bharuch, Gujarat, India – 392001.
As per the financials filed for FY 2023, the company reported a revenue of ₹27.78 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹1.87 Cr (net margin 6.7%) and EBITDA of ₹3.92 Cr (EBITDA margin 14.1%). Revenue has grown at a compounded annual rate (CAGR) of 63% over three years and 28% over five years.
The company has about 152 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.43 Cr and satisfied charges of ₹1.89 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website apexmultispeciality.com.
Company details
Contact details
Harmony Medicare Private Limited's registered office is in Bharuch, Gujarat. Its website is apexmultispeciality.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address01st Floor Adarsh Market Station Road Panchbatti, Bharuch, Gujarat, India – 392001
- IndustryHealthcare, Hospitals
To see the full contact details of Harmony Medicare 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 Harmony Medicare Private Limited
FY 2024 filings availableHarmony Medicare Private Limited reported revenue of ₹27.78 Cr (up 3% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 3% growth in the latest year. EBITDA fell 26% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹27.78 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.87 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.1% | ||||
| Net Profit Margin | 6.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Harmony Medicare Private Limited, buy the company report.
Board of directors of Harmony Medicare Private Limited
Harmony Medicare has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ketankumar Somchandbhai Doshi | Director | 01 Oct 2020 | 6 Years 1 Months | Current |
| Wasim Ayyub Raj | Director | 01 Oct 2020 | 6 Years 1 Months | Current |
| Irfan Aiyub Patel Also directs: Octanefit City LLP | Director | 01 Oct 2020 | 6 Years 1 Months | Current |
| Dhirajkumar Sathe Also directs: Narmada Health Mission Private Limited, Dr. Sathe Heart Foundation | Director | 01 Jun 2021 | 5 Years 5 Months | Current |
| Kairavi Naimesh Shah | Additional Director | 12 Nov 2025 | 1 Years 0 Months | Current |
| Pragnesh Yashwantsinh Bharpoda Also directs: Gujarat Kidney and Super Speciality Limited | Additional Director | 10 Oct 2025 | 1 Years 1 Months | Current |
Auditor
Harmony Medicare Private Limited is audited by K K HARYANI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K HARYANI & CO. | FY 2023 | 121950W |
Shareholding
The shareholding of Harmony Medicare Private 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 Harmony Medicare Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Nov 2022 | 100643662 | Others | ₹30 Lakh | Open | |
| 12 Aug 2022 | 100642043 | Others | ₹7.5 Lakh | Open | |
| 06 Dec 2021 | 100545802 | Others | ₹50 Lakh | Open | |
| 09 Sep 2021 | 100489534 | Others | ₹1.54 Cr | Open | |
| 06 Sep 2021 | 100491496 | Others | ₹19.49 Lakh | Open |
To see the full charge records of Harmony Medicare Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Harmony Medicare Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Unipath Speciality Laborqatory Limited | Disposed |
To see the full case history of Harmony Medicare 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
Harmony Medicare Private Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 20 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 |
|---|---|---|---|
| an individual supplier | |||
| Sharp & Tannan Associates | |||
| Matrix Lab | |||
| Aussin Intensive Care Private Limited | |||
| Kutch Stationery & Gift Articals |
To see the full MSME payment records of Harmony Medicare Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Harmony Medicare Private Limited has a workforce of 152 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 152 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Harmony Medicare Private Limited, buy the company report.
GST
Harmony Medicare has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCH3415P1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Harmony Medicare Private Limited, buy the company report.
Recent activity
Harmony Medicare Private Limited has 16 board changes on record since 2009: 11 appointments and 5 cessations. The latest: Kairavi Naimesh Shah was appointed as Additional Director on 12 Nov 2025.
18 earlier events are in the company report.
Frequently asked questions
Harmony Medicare is an active private limited company based in Bharuch, Gujarat, India. The company works in hospitals, within the healthcare industry. It was incorporated on 16 June 2009 (17+ years old) and is registered under CIN U85195GJ2009PTC057278.
Harmony Medicare has 6 current directors:
- Ketankumar Somchandbhai Doshi - Director
- Wasim Ayyub Raj - Director
- Irfan Aiyub Patel - Director
- Dhirajkumar Sathe - Director
- Kairavi Naimesh Shah - Additional Director
- Pragnesh Yashwantsinh Bharpoda - Additional Director
The latest financial statements of Harmony 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 Harmony Medicare is 24AACCH3415P1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Harmony Medicare is U85195GJ2009PTC057278. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Harmony Medicare has 1 court case on record: 1 filed against it.
Harmony Medicare was incorporated on 16 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kairavi Naimesh Shah was appointed as Additional Director on 12 Nov 2025. Pragnesh Yashwantsinh Bharpoda was appointed as Additional Director on 10 Oct 2025. Dhirajkumar Sathe was appointed as Director on 01 Jun 2021. Harmony Medicare has 16 board changes on record in total.
Harmony Medicare has 3 MSME Form 1 returns on record between 2019 and 2020, listing 20 overdue payments to 5 micro and small suppliers. The latest return was filed on 23 Sep 2020.
Harmony Medicare can be reached through the website apexmultispeciality.com. Its registered office is in Bharuch, Gujarat, India.
The registered office of Harmony Medicare is at 01st Floor Adarsh Market Station Road Panchbatti, Bharuch, Gujarat, India – 392001.
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