MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0143055
Indical Medsurg Private Limited
Indical Medsurg Private Limited - healthcare in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.07 Cr
▼ 32% YoY
Net profit · FY 2025
₹1.07 Cr
Net margin 15.1%
EBITDA · FY 2025
₹2.15 Cr
EBITDA margin 30.4%
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹9.18 Cr
Issued & subscribed
Open charges
₹29 Lakh
Satisfied ₹1.95 Cr
Company age
14 yrs
Est. 2012
Directors on board
3
As per MCA filings
About Indical Medsurg Private Limited
Data last updated:
Indical Medsurg Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Partisan Medical Inc, Usa. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 14 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U33110MH2012PTC226911. Its GSTIN is 27AACCI8435J1ZA (Maharashtra).
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹9.18 Cr. It is led by directors including Yatin Suresh Rane and Partha Laxmikant Khanolkar.
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 A – 4 The Parle Cly Chs Sahakar Road Vile Parle East Parla Colony, Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.07 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹1.07 Cr (net margin 15.1%) and EBITDA of ₹2.15 Cr (EBITDA margin 30.4%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹29 Lakh and satisfied charges of ₹1.95 Cr on record.
Indical Medsurg Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0143055). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U33110MH2012PTC226911
Registration Number 226911
Incorporation Date 14 February 2012
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Partisan Medical Inc, Usa
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0143055
Key People
Yatin Suresh Rane Director Partha Laxmikant Khanolkar Director Poorva Ruturaj Arolkar Director Recognitions & Rankings of Indical Medsurg
Contact details
Indical Medsurg Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA – 4 The Parle Cly Chs Sahakar Road Vile Parle East Parla Colony, Mumbai, Maharashtra, India – 400057
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Indical Medsurg Private Limited, buy the company report.
Comprehensive company report
Indical Medsurg Private 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activities of Indical Medsurg are trade and professional, scientific and technical. In detail, this covers wholesale trading and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Indical Medsurg Private Limited, buy the company report.
Financials of Indical Medsurg Private Limited
FY 2024 filings availableIndical Medsurg Private Limited reported revenue of ₹7.07 Cr (down 32% YoY) for FY 2025.
Revenue · FY 2025
₹7.07 Cr ▼ 32%
Net profit · FY 2025
₹1.07 Cr margin 15.1%
EBITDA · FY 2025
₹2.15 Cr margin 30.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 32%
3 years · compounded
▼ 16%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 22%
3 years · compounded
▲ 24%
Revenue fell 32% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 22% 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 | ₹2.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.07 Cr | ||||
| Balance Sheet | |||||
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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 | 30.4% | ||||
| Net Profit Margin | 15.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Indical Medsurg Private Limited, buy the company report.
Board of directors of Indical Medsurg Private Limited
Indical Medsurg has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yatin Suresh Rane | Director | 29 Mar 2014 | 12 Years 6 Months | Current |
| Partha Laxmikant Khanolkar | Director | 08 Aug 2017 | 9 Years 2 Months | Current |
| Poorva Ruturaj Arolkar | Director | 24 Sep 2021 | 5 Years 0 Months | Current |
Peer comparison
Indical Medsurg Private Limited is compared with the 4 companies closest to it by revenue in the Healthcare industry (Healthcare Equipment 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 |
|---|---|---|---|---|---|---|
| Indical Medsurg Private Limitedthis company | ₹7.07 Cr (FY 2025) | ₹1.07 Cr | 15.1% | -32.0% | Mumbai, Maharashtra, India | |
| Corp Mediteche Private Limited | ₹7.06 Cr (FY 2025) | -16.0% | New Delhi, Delhi, India | |||
| Sis Ortho Private Limited | ₹7.05 Cr (FY 2025) | 1.0% | Bangalore, Karnataka, India | |||
| PS Medical Systems Private Limited | ₹7.02 Cr (FY 2025) | 8.0% | Chennai, Tamil Nadu, India | |||
| Naveen Surgical Pvt Ltd | ₹7.01 Cr (FY 2024) | -2.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Indical Medsurg Private Limited, buy the company report.
Auditor
Indical Medsurg Private Limited is audited by Apte & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Apte & Co. | FY 2023 | 111925W |
Shareholding
The shareholding of Indical Medsurg 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 Indical Medsurg Private Limited, buy the company report.
Charges & borrowings
Open charges
₹29 Lakh
Satisfied charges
₹1.95 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Aug 2025 | 101146403 | Indian Overseas Bank | ₹29 Lakh | Open | |
| 28 Apr 2021 | 100450938 | Hdfc Bank Limited | ₹95 Lakh | Satisfied | |
| 31 Aug 2017 | 100120823 | Others | ₹1 Cr | Satisfied |
To see the full charge records of Indical Medsurg Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Indical Medsurg Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indical Medsurg Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indical Medsurg has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCI8435J1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indical Medsurg Private Limited, buy the company report.
Recent activity
Indical Medsurg Private Limited has 8 board changes on record since 2014: 3 appointments and 5 cessations. The latest: Poorva Ruturaj Arolkar ceased to be Additional Director on 06 Nov 2021.
Charges
A charge with Indian Overseas Bank amounted to Rs. 0.29 Cr with Charge ID 101146403 was registered on 20 Aug 2025.
AGM
Indical Medsurg Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Indical Medsurg Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 28 Apr 2021 via Charge ID 100450938 with Hdfc Bank Limited was fully satisfied on 02 Jun 2023.
Ceased
Poorva Ruturaj Arolkar ceased to be Additional Director.
Appointed
Poorva Ruturaj Arolkar was appointed as Director.
Ceased
Abhishek Subash Padmanabhan ceased to be Whole-Time Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.95 Cr with Charge ID 100450938 was registered on 28 Apr 2021.
Charges
A charge registered on 31 Aug 2017 via Charge ID 100120823 with Others was fully satisfied on 06 Apr 2021.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100120823 was registered on 31 Aug 2017.
Appointed
Partha Laxmikant Khanolkar was appointed as Director.
Ceased
Yatin Suresh Rane ceased to be Additional Director.
4 earlier events are in the company report.
Frequently asked questions
Indical Medsurg is an active private limited company based in Mumbai, Maharashtra, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 14 February 2012 (14+ years old) and is registered under CIN U33110MH2012PTC226911.
Indical Medsurg has 3 current directors:
- Yatin Suresh Rane - Director
- Partha Laxmikant Khanolkar - Director
- Poorva Ruturaj Arolkar - Director
The latest financial statements of Indical Medsurg 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 Indical Medsurg is 27AACCI8435J1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indical Medsurg is U33110MH2012PTC226911. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indical Medsurg was incorporated on 14 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Indical Medsurg by revenue are Corp Mediteche Private Limited, Sis Ortho Private Limited, PS Medical Systems Private Limited, Naveen Surgical Pvt Ltd, all in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Poorva Ruturaj Arolkar ceased to be Additional Director on 06 Nov 2021. Poorva Ruturaj Arolkar was appointed as Director on 24 Sep 2021. Abhishek Subash Padmanabhan ceased to be Whole-Time Director on 20 Sep 2021. Indical Medsurg has 8 board changes on record in total.
Yes, Indical Medsurg is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0143055).
The registered office of Indical Medsurg is at A – 4 The Parle Cly Chs Sahakar Road Vile Parle East Parla Colony, Mumbai, Maharashtra, India – 400057.
Indical Medsurg operates in the healthcare industry, in the medical and laboratory equipment segment.