Heartcare Technologies Private Limited
About Heartcare Technologies Private Limited
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Heartcare Technologies Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 24 March 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65991TN2000PTC044502. Its GSTIN is 33AABCH0698D1ZV (Tamil Nadu).
The company has an authorised share capital of ₹22 Lakh and a paid-up capital of ₹22 Lakh. It is led by directors Boovaragavan Balaji and Bhoovaraghavan Sowmiyanarayanan.
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 No.81 (Oldno.3) 10th Avenue Ashok Nagar Chennai – 600 083., Tamil Nadu, India – 600083.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.4 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹59,753 (net margin 0.4%) and EBITDA of ₹5.53 Lakh (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹56 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo.81 (Oldno.3) 10th Avenue Ashok Nagar Chennai – 600 083., Tamil Nadu, India – 600083
- IndustryHealthcare, Medical Equipment Retail & Distribution
- 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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Business Activity of Heartcare Technologies Private Limited
The main business activity of Heartcare Technologies is hospital and medical care. In detail, this covers other hospital and medical care activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Heartcare Technologies Private Limited FY 2025 filings available
Heartcare Technologies Private Limited reported revenue of ₹1.4 Cr (down 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Heartcare Technologies Private Limited
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 29% 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 of Heartcare Technologies Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.53 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹59,753 | •••• | •••• | •••• | •••• |
| 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 of Heartcare Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Heartcare Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Heartcare Technologies Private Limited
Heartcare Technologies Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Medarch Engineering (OPC) Private Limited | ₹1.42 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| Mohua Roy Distributors Private Limited | ₹1.41 Cr (FY 2024) | •••• | •••• | •••• | Howrah, West Bengal, India | |
| P T Electronics Private Limited | ₹1.4 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Mumbai, Maharashtra, India |
| Human Biolife Private Limited | ₹1.4 Cr (FY 2023) | •••• | •••• | -47.0% | •••• | New Delhi, Delhi, India |
| Future Dizicare Enterprises Private Limited | ₹1.4 Cr (FY 2023) | •••• | •••• | 35.0% | •••• | Hyderabad, Telangana, India |
| Heartcare Technologies Private Limited this company | ₹1.4 Cr (FY 2023) | •••• | •••• | -9.0% | •••• | Chennai, Tamil Nadu, India |
| Orbit Ace Medicare Private Limited | ₹1.4 Cr (FY 2024) | •••• | •••• | -35.0% | •••• | Chennai, Tamil Nadu, India |
| Microport Scientific India Private Limited | ₹1.4 Cr (FY 2025) | •••• | •••• | -35.0% | •••• | Delhi, India |
| Alixar Healthcare Private Limited | ₹1.39 Cr (FY 2024) | •••• | •••• | 37.0% | •••• | Bhopal, Madhya Pradesh, India |
| Eonbt Private Limited | ₹1.39 Cr (FY 2025) | •••• | •••• | 1076.0% | •••• | Noida, Uttar Pradesh, India |
| Priomed Life Sciences Private Limited | ₹1.39 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Heartcare Technologies by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Heartcare Technologies Private Limited
Heartcare Technologies Private Limited is audited by SUDHINDRAN & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SUDHINDRAN & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Heartcare Technologies Private Limited
Heartcare Technologies has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Boovaragavan Balaji | Director | 24 Mar 2000 | 26 Years 6 Months | Current |
| Bhoovaraghavan Sowmiyanarayanan | Director | 24 Mar 2000 | 26 Years 6 Months | Current |
Ownership and Shareholding of Heartcare Technologies Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Heartcare Technologies Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Mar 2010 | Andhra Bank | ₹25 Lakh | Open |
| 26 Jun 2004 | The Sangli Bank Ltd | ₹10 Lakh | Open |
| 16 Apr 2003 | The Sangli Bank Limited | ₹8 Lakh | Open |
| 10 Apr 2000 | The Sangli Bank Ltd. | ₹13 Lakh | Open |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Heartcare Technologies Private Limited
Employment history and EPFO contributions of people linked to Heartcare Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Heartcare Technologies Private Limited
Heartcare Technologies Private Limited has 2 board changes on record since 2000: 2 appointments. The latest: Bhoovaraghavan Sowmiyanarayanan was appointed as Director on 24 Mar 2000.
Credit Ratings, Litigation & Regulatory Alerts for Heartcare Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Heartcare Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Heartcare Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Heartcare Technologies Private Limited
Heartcare Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCH0698D1ZV | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Heartcare Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Heartcare Technologies Private Limited
Heartcare Technologies is an active private limited company based in Chennai, Tamil Nadu, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 24 March 2000 (26+ years old) and is registered under CIN U65991TN2000PTC044502.
Heartcare Technologies reported revenue of ₹1.4 Cr for FY 2023 (down 9% YoY).
Heartcare Technologies has 2 current directors:
- Boovaragavan Balaji - Director
- Bhoovaraghavan Sowmiyanarayanan - Director
Heartcare Technologies reported a net profit of ₹59,753 (net margin 0.4%) and EBITDA of ₹5.53 Lakh (EBITDA margin 4%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Heartcare Technologies is 5% over three years and 2% over five years. In the latest year (FY 2023) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Heartcare Technologies is 33AABCH0698D1ZV, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Heartcare Technologies is U65991TN2000PTC044502. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Heartcare Technologies was incorporated on 24 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Heartcare Technologies by revenue are Medarch Engineering (OPC) Private Limited, Mohua Roy Distributors Private Limited, P T Electronics Private Limited, Human Biolife Private Limited, Future Dizicare Enterprises Private Limited and 5 more, all in the Healthcare industry (Healthcare Equipment Retail and Distribution).
Bhoovaraghavan Sowmiyanarayanan was appointed as Director on 24 Mar 2000. Boovaragavan Balaji was appointed as Director on 24 Mar 2000.
The registered office of Heartcare Technologies is at No.81 Oldno.3 10th Avenue Ashok Nagar Chennai – 600 083., Tamil Nadu, India – 600083.