Jindal Medicot Limited

Jindal Medicot Limited - healthcare in Ludhiana, Punjab, India. FY 2026 financials & compliance.
CIN U17100PB2008PLC031964 Incorporated 27 May 2008 ROC Chandigarh HQ Ludhiana, Punjab, India
Under Insolvency Public Limited Company healthcare
Data last updated
Revenue · FY 2024
₹6.81 Lakh
▼ 35% YoY
Net loss · FY 2024
₹5.66 Cr
Latest filing
EBITDA · FY 2024
-₹15.4 Lakh
EBITDA margin -226.1%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹7.4 Cr
Issued & subscribed
Open charges
₹99.77 Cr
Secured borrowings
Company age
18 yrs
Est. 2008
Employees · EPFO
74
Provident fund records

About Jindal Medicot Limited

Data last updated:

Jindal Medicot Limited is a public limited company based in Ludhiana, Punjab, India, a subsidiary of Jindal Technotex Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the medical consumables and supplies segment of the healthcare sector. It was incorporated on 27 May 2008.

The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17100PB2008PLC031964. The company has 3 GST registrations on record, none of which is active.

The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.4 Cr. It is led by directors including Sandeep Jindal and Alisha.

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 Ludhiana, Punjab.

As per the financials filed for FY 2024, the company reported a revenue of ₹6.81 Lakh, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹5.66 Cr and EBITDA of -₹15.4 Lakh (EBITDA margin -226.1%). Revenue has declined at a compounded annual rate (CAGR) of 87% over three years and 74% over five years.

The company has about 74 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹99.77 Cr on record. Court records list 24 cases involving the company, including 6 filed by the company and 18 filed against it; 3 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹39 Cr; the latest was in March 2019. Its 10 peer companies in the Healthcare industry (Medical Consumables) are compared by revenue, 5 larger and 5 smaller; the largest is Indo Caps Private Limited with revenue of ₹7.66 Lakh.

The last known website on record is sjgroup.in.

Company Details of Jindal Medicot Limited
CIN U17100PB2008PLC031964
Registration Number 031964
Incorporation Date 27 May 2008
ROC Chandigarh
Listing Status Unlisted
Company Status Under CIRP
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Jindal Technotex Limited
Compliance Status Active Compliant
Key People
Sandeep Jindal Director Alisha Director Kartar Chand Dhiman Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    sjgroup.in
  • Social Media
    Locked
  • Registered Address
    Mandiala Kalan, P.O. Bija Teh Khanna India, Ludhiana, Punjab, India – 141412
  • Industry
    Healthcare, Medical Consumables & Supplies
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Financials, compliance, directors, charges, ownership and filings for Jindal Medicot Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Jindal Medicot Limited

The main business activity of Jindal Medicot is manufacturing. In detail, this covers textile, leather and other apparel products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC2Textile, leather and other apparel productsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Jindal Medicot Limited FY 2024 filings available

Jindal Medicot Limited reported revenue of ₹6.81 Lakh (down 35% YoY) for FY 2024.

Revenue · FY 2024
₹6.81 Lakh ▼ 35%
Net loss · FY 2024
₹5.66 Cr
EBITDA · FY 2024
-₹15.4 Lakh margin -226.1%

Compounded Annual Growth Rate (CAGR) of Jindal Medicot Limited

Revenue CAGR growth
1 year
▼ 35%
3 years · compounded
▼ 87%
5 years · compounded
▼ 74%
EBITDA CAGR growth
1 year
▼ 30%
3 years · compounded
▲ 83%
5 years · compounded
▼ 15%

Revenue has declined at a compounded annual rate (CAGR) of 74% over five years, including a 35% fall in the latest year. EBITDA fell 30% 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 Jindal Medicot Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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-₹15.4 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹5.66 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 of Jindal Medicot Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-226.1%••••••••••••••••
Net Profit Margin••••••••••••••••••••
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 Jindal Medicot are in the company report.

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Financial statements from 2015

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Board of Directors of Jindal Medicot Limited

Jindal Medicot has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Sandeep Jindal
Also directs: Jindal Cotex Limited, Jindal Technotex Limited, Jindal Cycles Private Limited and 4 more
Director27 May 200818 Years 4 MonthsAs last reported
Alisha
Also directs: Jindal Cotex Limited, Jindal Specialty Textiles Limited
Director24 Jun 201610 Years 3 MonthsAs last reported
Kartar Chand Dhiman
Also directs: Jindal Cotex Limited, Jindal Cycles Private Limited, Jindal Info Media Private Limited and 3 more
Director19 Dec 201114 Years 10 MonthsAs last reported
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Peer Comparison of Jindal Medicot Limited

Jindal Medicot Limited is compared with the companies closest to it by revenue in the Healthcare industry (Medical Consumables). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Indo Caps Private Limited₹7.66 Lakh (FY 2025)••••••••-15.0%••••Rajasthan, India
Gleam Dental Labs Private Limited₹7.55 Lakh (FY 2025)••••••••-80.0%••••Ahmedabad, Gujarat, India
Urosurge Private Limited₹7.35 Lakh (FY 2024)••••••••••••Bangalore, Karnataka, India
Vajab Healthcare Private Limited₹7.09 Lakh (FY 2025)••••••••276.0%••••Palanpur, Gujarat, India
Mohini Active Life Private Limited₹7 Lakh (FY 2025)••••••••307.0%••••Pithampur, Madhya Pradesh, India
Jindal Medicot Limited this company₹6.81 Lakh (FY 2024)••••••••-35.0%••••Ludhiana, Punjab, India
Yashashvi Surgicals Private Limited₹6.62 Lakh (FY 2020)••••••••••••Anand, Gujarat, India
Keara Enterprises Private Limited₹6.51 Lakh (FY 2023)••••••••43258.0%••••New Delhi, Delhi, India
Merv-X Private Limited₹6.49 Lakh (FY 2024)••••••••29.0%••••Delhi, India
Highlife Encalve Consultants Private Limited₹6.39 Lakh (FY 2024)••••••••-76.0%••••Kolkata, West Bengal, India
Medirex Industries Private Limited₹6.07 Lakh (FY 2024)••••••••-78.0%••••Pune, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Jindal Medicot by revenue in the Healthcare industry (Medical Consumables), 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 Jindal Medicot Limited

Jindal Medicot Limited is audited by K R Aggarwal & Associates for the financial year 2023.

NameStatusAppointment DateCessation Date
K R Aggarwal & AssociatesLockedLockedLocked
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Ownership and Shareholding of Jindal Medicot Limited

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Charges & Borrowings of Jindal Medicot Limited

Open charges
₹99.77 Cr
Satisfied charges
None
Breakdown by lending institutions
State Bank of India₹66.55 Cr
Bank of Baroda₹18.52 Cr
Central Bank of India₹10.70 Cr
Punjab & Sind Bank₹4.00 Cr
Latest charge details
DateLenderAmountStatus
03 Jan 2014Central Bank of India₹2 CrOpen
24 Nov 2012Central Bank of India₹70 LakhOpen
13 Aug 2011Central Bank of India₹8 CrOpen
26 Jul 2011Punjab & Sind Bank₹4 CrOpen
06 Jan 2010Bank of Baroda₹18.52 CrOpen

Total charge records: 6 View all charges

Deals & Funding of Jindal Medicot Limited

Jindal Medicot Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹39 Cr; the latest was in March 2019.

Total deals
5
Secondary share transfers
3
Funding rounds
2
Disclosed funding
₹39 Cr

Deals on record (5 of 5)

WhenDealAmountParties
Mar 2019Secondary share transferUndisclosedBuyer: Jindal Technotex Limited
Seller: Jindal Cotex Limited
Jun 2018Secondary share transferUndisclosedBuyer: Jindal Cotex Limited & Anil Sharma, Jindal Cotex Limited & Rajesh Kumar Goyal
Seller: Jindal Cotex Limited & Manu Jindal, Jindal Cotex Limited & Santosh Jindal
Mar 2017Secondary share transferUndisclosedBuyer: Jindal Cotex Limited & Manu Jindal, Jindal Cotex Limited & Yash Paul Jindal & Sons Huf, Jindal Cotex Limited & Sandeep Jindal & Sons Huf
Seller: Jindal Cotex Limited & Rajinder Jindal, Jindal Cotex Limited & Geeta Jindal, Jindal Cotex Limited & Reen Prabha Jindal
Apr 2013Funding round₹9 CrInvestors: Jindal Holdings and Investment Limited
Mar 2010Funding round₹30 CrInvestors: Jindal Cotex Limited
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Employees and EPFO Compliance at Jindal Medicot Limited

Jindal Medicot Limited has a workforce of 74 employees as of Mar 31, 2024.

Employee count
74
Active EPFO establishments
1
Employee growth
-7.5%
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Recent Activity on Jindal Medicot Limited

Jindal Medicot Limited has 13 board changes on record since 2008: 3 appointments and 10 cessations. The latest: Aman Jindal ceased to be Director on 14 Nov 2016.

AGM
Jindal Medicot Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Jindal Medicot Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Ceased
Aman Jindal ceased to be Director.
Ceased
Rajinder Kumar Jindal ceased to be Director.
Ceased
Ramesh Kumar Jindal ceased to be Director.
Ceased
Sahil Jindal ceased to be Director.
Ceased
Yash Paul Jindal ceased to be Director.
Ceased
Alisha ceased to be Additional Director.
Appointed
Alisha was appointed as Director.
Ceased
Nisha Rani ceased to be Additional Director.
Ceased
Rajesh Khanna ceased to be Director.
Ceased
Nirmal Kumar Jain ceased to be Director.

13 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Jindal Medicot Limited

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MSME Payment Delays by Jindal Medicot Limited

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Subsidiaries & Group Companies of Jindal Medicot Limited

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GST Compliance of Jindal Medicot Limited

Jindal Medicot has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
3
Cancelled / inactive
3
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MCA Filings & Documents of Jindal Medicot Limited

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Frequently Asked Questions about Jindal Medicot Limited

Jindal Medicot is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.

Jindal Medicot is a company under insolvency, formerly operating as a public limited company based in Ludhiana, Punjab, India. The company works in medical consumables and supplies, within the healthcare industry. It was incorporated on 27 May 2008 and is registered under CIN U17100PB2008PLC031964. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Jindal Medicot reported revenue of ₹6.81 Lakh for FY 2024 (down 35% YoY).

Jindal Medicot has 3 current directors:

Jindal Medicot reported a net loss of ₹5.66 Cr and EBITDA of -₹15.4 Lakh (EBITDA margin -226.1%) for FY 2024, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Jindal Medicot is -87% over three years and -74% over five years. In the latest year (FY 2024) revenue fell 35%. CAGR is the steady yearly rate that links the first and the last year.

The CIN (Corporate Identification Number) of Jindal Medicot is U17100PB2008PLC031964. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Jindal Medicot has open charges of ₹99.77 Cr and no satisfied charges on record as per latest MCA filings.

Jindal Medicot has 24 court cases on record: 6 filed by the company and 18 filed against it. 3 are pending. Most are in the district courts.

Jindal Medicot was incorporated on 27 May 2008. It is registered with the Registrar of Companies, Chandigarh.

Jindal Medicot has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹39 Cr; the latest was in March 2019.

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