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Manipal Natural Private Limited - healthcare in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹21.83 Cr
▲ 62% YoY
Net loss · FY 2025
₹9.75 Cr
Net margin -44.7%
EBITDA · FY 2025
-₹7 Cr
EBITDA margin -32%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹1.51 Cr
Issued & subscribed
Open charges
₹40.25 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
72
Provident fund records
About Manipal Natural Private Limited
Data last updated:
Manipal Natural Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Kanara Consumer Products Limited and recognised as a startup by DPIIT. It operates in the ayurvedic products and services segment of the healthcare sector. It was incorporated on 26 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24290KA2019PTC130068. Its GSTIN is 29AAICM2157K1Z3 (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.51 Cr. It was formerly known as Manipal Natural Extracts Private Limited. It is led by directors including Jamsheed Minoo Panday and Ashish Vilas Pradhan.
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 N 301 3rd Floor North Block Manipal Centre Dickenson Road, Bangalore, Karnataka, India – 560042.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.83 Cr, a growth of 62% compared to the previous year. For the same year it recorded a net loss of ₹9.75 Cr (net margin -44.7%) and EBITDA of -₹7 Cr (EBITDA margin -32%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years.
The company has about 72 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Manipal Natural and Manipal Group. As per MCA filings, the company has open charges of ₹40.25 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 acquisition); the latest was in May 2023. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 6 overdue payments to 6 micro and small suppliers.
Manipal Natural Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0012943). For more details, the company can be reached via its website manipalnatural.com.
Company details
CIN U24290KA2019PTC130068
Registration Number 130068
Incorporation Date 26 November 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Kanara Consumer Products Limited
DPIIT Recognition Recognised Startup
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0012943
Key People
Jamsheed Minoo Panday Director Ashish Vilas Pradhan Director Madhusudan Kudlugi Raghavendrarao Director Recognitions & Rankings of Manipal Natural
MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0012943
Contact details
Manipal Natural Private Limited's registered office is in Bangalore, Karnataka. Its website is manipalnatural.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressN 301 3rd Floor North Block Manipal Centre Dickenson Road, Bangalore, Karnataka, India – 560042
- IndustryHealthcare, Ayurvedic Products & Services
To see the full contact details of Manipal Natural Private Limited, buy the company report.
Comprehensive company report
Manipal Natural 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
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Brands
Manipal Natural operates two associated brands: Manipal Natural and Manipal Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Horticulture services are provided across Bengaluru by Manipal Natural. | manipalnatural.com | |
| Diversified operations are conducted across multiple industries by Manipal Group. | manipal.com |
Business activity
The main business activity of Manipal Natural is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Manipal Natural Private Limited, buy the company report.
Financials of Manipal Natural Private Limited
FY 2025 filings availableManipal Natural Private Limited reported revenue of ₹21.83 Cr (up 62% YoY) for FY 2025.
Revenue · FY 2025
₹21.83 Cr ▲ 62%
Net loss · FY 2025
₹9.75 Cr margin -44.7%
EBITDA · FY 2025
-₹7 Cr margin -32%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 62%
3 years · compounded
▲ 51%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▼ 17%
5 years · compounded
▼ 575%
Revenue has grown at a compounded annual rate (CAGR) of 51% over three years, including 62% growth in the latest year. EBITDA rose 10% 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 | -₹7 Cr | ||||
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| Net Profit (PAT) | -₹9.75 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -32% | ||||
| Net Profit Margin | -44.7% | ||||
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To see the full financial statements and ratios of Manipal Natural Private Limited, buy the company report.
Board of directors of Manipal Natural Private Limited
Manipal Natural has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jamsheed Minoo Panday Also directs: Maha Rashtra Apex Corporation Limited, WGW Agreen Private Limited, Sterling and Wilson Sew Data Center Private Limited and 5 more | Director | 01 Sep 2020 | 6 Years 1 Months | Current |
| Ashish Vilas Pradhan | Director | 01 Sep 2020 | 6 Years 1 Months | Current |
| Madhusudan Kudlugi Raghavendrarao Also directs: Nutritotal India Private Limited, Canara Steel and Real Estates Limited, Nutritotal India Private Limited and 3 more | Director | 25 Jun 2024 | 2 Years 4 Months | Current |
Auditor
Manipal Natural Private Limited is audited by ASA and Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASA and Associates LLP | FY 2023 | 009571N/N500006 |
Shareholding
The shareholding of Manipal Natural Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Manipal Natural Private Limited, buy the company report.
Charges & borrowings
Open charges
₹40.25 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Feb 2021 | 100423587 | Canara Bank | ₹40.25 Cr | Open |
To see the full charge records of Manipal Natural Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Manipal Natural Private Limited has 5 deals on record (4 secondary share transfers, 1 acquisition); the latest was in May 2023.
Total deals
5
Secondary share transfers
4
Acquisition
1
Deals on record (3 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Kanara Consumer Products Limited Seller: Kanara Consumer Products Limited |
| Apr 2022 | Acquisition | ₹6 Cr | Buyer: Kanara Consumer Products Limited |
| Jun 2020 | Secondary share transfer | Undisclosed | Buyer: Kanara Consumer Products Limited , an individual Seller: Kanara Consumer Products Limited , 2 individuals |
To see the full deal history of Manipal Natural Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Manipal Natural Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Total cases
2
Filed against the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Filed against the company by M/S. Anthocyanin Naturals India Private Limited | Pending |
| District court, SHIVAMOGGA, Karnataka | Civil suit | Filed against the company by Mallya Trading Company | Pending |
To see the full case history of Manipal Natural 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.
Credit ratings & regulatory alerts
Manipal Natural Private Limited was last rated by Icra on 26 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 26 Sep 2022 |
To see the full credit ratings and regulatory alerts of Manipal Natural Private Limited, buy the company report.
MSME payment delays
Manipal Natural Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 6 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Govind Solvents Private Limited | |||
| Mahan Dye Chem | |||
| Quesst International | |||
| Globose Systems and Solution Private Limited | |||
| Lab Chem Solutions |
To see the full MSME payment records of Manipal Natural Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Manipal Natural Private Limited has a workforce of 72 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
Employee count
72
Active EPFO establishments
1
Employee growth
4.35%
GST
Manipal Natural has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICM2157K1Z3 | Karnataka | Active | 01 Jul 2017 |
| 29AANCM1092N1ZS | Karnataka | Active | 16 Sep 2020 |
To see the full GST registrations and return filing status of Manipal Natural Private Limited, buy the company report.
Recent activity
Manipal Natural Private Limited has 13 board changes on record since 2019: 8 appointments and 5 cessations. The latest: Tonse Sudhakar Pai ceased to be Director on 05 Sep 2025.
AGM
Manipal Natural Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Tonse Sudhakar Pai ceased to be Director.
Filing
Manipal Natural Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Madhusudan Kudlugi Raghavendrarao was appointed as Director.
Ceased
Rahul Bharat Manek ceased to be Director.
Ceased
Hebbani Nagarajappa Shivaprasad ceased to be Managing Director.
Charges
A charge with Canara Bank of Rs. 40.25 Cr registered on 19 Feb 2021 with Charge ID 100423587 was modified on 29 Jan 2022.
Appointed
Hebbani Nagarajappa Shivaprasad was appointed as Managing Director.
Appointed
Rahul Bharat Manek was appointed as Director.
Appointed
Tonse Sudhakar Pai was appointed as Director.
Ceased
Sundararaghavan Kothanda Raman ceased to be Director.
Charges
A charge with Canara Bank amounted to Rs. 40.25 Cr with Charge ID 100423587 was registered on 19 Feb 2021.
6 earlier events are in the company report.
Frequently asked questions
Manipal Natural is an active private limited company based in Bangalore, Karnataka, India. The company works in ayurvedic products and services, within the healthcare industry. It was incorporated on 26 November 2019 (7+ years old) and is registered under CIN U24290KA2019PTC130068.
Manipal Natural has 3 current directors:
- Jamsheed Minoo Panday - Director
- Ashish Vilas Pradhan - Director
- Madhusudan Kudlugi Raghavendrarao - Director
The latest financial statements of Manipal Natural 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 FY 2020 are in the company report.
The GSTIN of Manipal Natural is 29AAICM2157K1Z3, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AANCM1092N1ZS (Karnataka).
The CIN (Corporate Identification Number) of Manipal Natural is U24290KA2019PTC130068. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manipal Natural has 2 court cases on record: 2 filed against it. 2 are pending. Most are in the district courts.
Manipal Natural was incorporated on 26 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Manipal Natural has 5 deals on record (4 secondary share transfers, 1 acquisition); the latest was in May 2023.
Tonse Sudhakar Pai ceased to be Director on 05 Sep 2025. Madhusudan Kudlugi Raghavendrarao was appointed as Director on 25 Jun 2024. Rahul Bharat Manek ceased to be Director on 09 Jun 2023. Manipal Natural has 13 board changes on record in total.
Yes, Manipal Natural is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Manipal Natural is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0012943).