About Marwadi Charitable Foundation
Data last updated:
Marwadi Charitable Foundation is a private not for profit company based in Rajkot, Gujarat, India. It operates in the other hospital and medical care activities segment of the healthcare sector. It was incorporated on 24 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U85110GJ2011NPL066047. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.5 Lakh. It is led by directors including Deven Harkishan Marwadi and Ketan Harkishan Marwadi.
Its last annual general meeting (AGM) was held on 31 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at S. No. 451 Nr. Dastur Farm House Opp. Mahadev Wadi Rajkot Morbi Highway Nr.Gauridad, Village, Gujarat, India – 360003.
As per the financials filed for FY 2024, the company reported a revenue of ₹82.16 Lakh, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹1.99 Cr (net margin -242.4%) and EBITDA of ₹50.34 Lakh (EBITDA margin 61.3%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 146% over five years.
As per MCA filings, the company has open charges of ₹515 Cr and satisfied charges of ₹5 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marwadieducation.edu.in.
Company details
Contact details
Marwadi Charitable Foundation's registered office is in Rajkot, Gujarat. Its website is marwadieducation.edu.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressS. No. 451 Nr. Dastur Farm House Opp. Mahadev Wadi Rajkot Morbi Highway Nr.Gauridad, Village, Gujarat, India – 360003
- IndustryHealthcare, Other Hospital And Medical Care Activities
To see the full contact details of Marwadi Charitable Foundation, 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
Business activity
The main business activity of Marwadi Charitable Foundation is hospital and medical care. In detail, this covers other hospital and medical care activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities |
To see the full business activity and turnover split of Marwadi Charitable Foundation, buy the company report.
Financials of Marwadi Charitable Foundation
FY 2024 filings availableMarwadi Charitable Foundation reported revenue of ₹82.16 Lakh (down 28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 28% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 146%. EBITDA fell 37% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | ₹50.34 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.99 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 61.3% | ||||
| Net Profit Margin | -242.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Marwadi Charitable Foundation, buy the company report.
Board of directors of Marwadi Charitable Foundation
Marwadi Charitable Foundation has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deven Harkishan Marwadi Also directs: Marwadi Wealth Management LLP, Marwadi Chandarana Enterprise LLP, Pixon Energy Limited and 5 more | Director | 17 Apr 2013 | 13 Years 6 Months | Current |
| Ketan Harkishan Marwadi Also directs: Marwadi Chandarana Enterprise LLP, Pixon Energy Limited, Pixon Green Energy Private Limited and 5 more | Director | 24 Jun 2011 | 15 Years 4 Months | Current |
| Sandip Harkishan Marwadi Also directs: Marwadi Wealth Management LLP, Marwadi Chandarana Enterprise LLP, Pixon Energy Limited and 5 more | Director | 24 Jun 2011 | 15 Years 4 Months | Current |
Peer comparison
Marwadi Charitable Foundation is compared with the 10 companies closest to it by revenue in the same principal business activity (other hospital and medical care activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Primenest Healthcare Private Limited | ₹82.44 Lakh (FY 2025) | 101.0% | Hyderabad, Telangana, India | |||
| Cynosure Rehab Solutions Private Limited | ₹82.44 Lakh (FY 2024) | 7.0% | Kolkata, West Bengal, India | |||
| Namigo Pharma Private Limited | ₹82.42 Lakh (FY 2025) | 31.0% | Ahmedabad, Gujarat, India | |||
| Bodhisattva Aesthetics (OPC) Private Limited | ₹82.32 Lakh (FY 2025) | 63.0% | Ghaziabad, Uttar Pradesh, India | |||
| Helping Hands Nursing Home Private Limited | ₹82.29 Lakh (FY 2025) | -7.0% | Ranchi, Jharkhand, India | |||
| Marwadi Charitable Foundationthis company | ₹82.16 Lakh (FY 2024) | -₹1.99 Cr | -242.4% | -28.0% | Rajkot, Gujarat, India | |
| Relcare Pharmaceuticals Private Limited | ₹82 Lakh (FY 2024) | 286.0% | Hyderabad, Telangana, India | |||
| Rock View Healthcare and Holidays Private Limited | ₹81.96 Lakh (FY 2023) | Palakkad, Kerala, India | ||||
| Indore Spine Center Private Limited | ₹81.8 Lakh (FY 2025) | 90.0% | Indore, Madhya Pradesh, India | |||
| Abida Constructions Private Limited | ₹81.74 Lakh (FY 2024) | 12.0% | Patna, Bihar, India | |||
| Pharmnova Medical Research Private Limited | ₹81.66 Lakh (FY 2025) | 566.0% | Selaiyur, Chennai, Tamil Nadu, India |
To see the full peer comparison of Marwadi Charitable Foundation, buy the company report.
Auditor
Marwadi Charitable Foundation is audited by RANPURA DESAI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RANPURA DESAI & CO. | FY 2023 | 117476W |
Shareholding
The shareholding of Marwadi Charitable Foundation 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 Marwadi Charitable Foundation, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2022 | 100662424 | Axis Bank Limited | ₹200 Cr | Open | |
| 19 Mar 2019 | 100247493 | Hdfc Bank Limited | ₹315 Cr | Open | |
| 29 Mar 2016 | 100024189 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Marwadi Charitable Foundation, buy the company report.
Total charge records: 3 View all charges
Legal cases
Marwadi Charitable Foundation has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Aurangabad, Maharashtra | Civil suit | Filed against the company by Lokmat_Media Pvt. Ltd. | Pending |
To see the full case history of Marwadi Charitable Foundation, 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
No delayed payments to MSME suppliers are on our record for Marwadi Charitable Foundation; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Marwadi Charitable Foundation has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Marwadi Charitable Foundation, buy the company report.
Recent activity
Marwadi Charitable Foundation has 3 board changes on record since 2011: 3 appointments. The latest: Deven Harkishan Marwadi was appointed as Director on 17 Apr 2013.
Frequently asked questions
Marwadi Charitable Foundation is an active private not for profit company based in Rajkot, Gujarat, India. The company works in other hospital and medical care activities, within the healthcare industry. It was incorporated on 24 June 2011 (15+ years old) and is registered under CIN U85110GJ2011NPL066047.
Marwadi Charitable Foundation has 3 current directors:
- Deven Harkishan Marwadi - Director
- Ketan Harkishan Marwadi - Director
- Sandip Harkishan Marwadi - Director
The latest financial statements of Marwadi Charitable Foundation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 July 2024. Year-wise statements from 2015 are in the company report.
No. Marwadi Charitable Foundation has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Marwadi Charitable Foundation is U85110GJ2011NPL066047. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marwadi Charitable Foundation has 1 court case on record: 1 filed against it. 1 is pending.
Marwadi Charitable Foundation was incorporated on 24 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Marwadi Charitable Foundation by revenue are Primenest Healthcare Private Limited, Cynosure Rehab Solutions Private Limited, Namigo Pharma Private Limited, Bodhisattva Aesthetics (OPC) Private Limited, Helping Hands Nursing Home Private Limited and 5 more, all in the same principal business activity (other hospital and medical care activities).
Deven Harkishan Marwadi was appointed as Director on 17 Apr 2013. Ketan Harkishan Marwadi was appointed as Director on 24 Jun 2011. Sandip Harkishan Marwadi was appointed as Director on 24 Jun 2011.
Marwadi Charitable Foundation can be reached through the website marwadieducation.edu.in. Its registered office is in Rajkot, Gujarat, India.
The registered office of Marwadi Charitable Foundation is at S. No. 451 Nr. Dastur Farm House Opp. Mahadev Wadi Rajkot Morbi Highway Nr.Gauridad, Village, Gujarat, India – 360003.