About Medbay India Private Limited
Data last updated:
Medbay India Private Limited is a private limited company based in New Delhi, Delhi, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 02 December 2015.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2015PTC288081. Its GSTIN is 07AAKCM0453G1ZL (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹83 Lakh and a paid-up capital of ₹26.05 Lakh. It is led by directors including Kailash Gupta and Damodar Gupta Prasad (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 30 Malka Ganj 30 Ua Jawahar Nagar, New Delhi, Delhi, India – 110007.
As per the financials filed for FY 2022, the company reported a revenue of ₹18.49 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹17.56 Cr (net margin 95%) and EBITDA of ₹17.56 Cr (EBITDA margin 95%). Revenue has grown at a compounded annual rate (CAGR) of 247% over three years and 371% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: LetsMD and CareCover. Court records list 1 case involving the company, including 1 filed against it. The company has 13 deals on record (9 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹15.46 Cr; the latest was in May 2021.
The last known website on record is payivf.com.
Company details
Contact details
Medbay India Private Limited's registered office is in New Delhi, Delhi. Its website is payivf.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address30 Malka Ganj 30 Ua Jawahar Nagar, New Delhi, Delhi, India – 110007
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Medbay India Private Limited, 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
Brands
Medbay India operates two associated brands: LetsMD and CareCover. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Platform offering medical financing solutions | letsmd.com | |
| Healthcare expenses are financed via a specialized credit card. | carecover.in |
Financials of Medbay India Private Limited
FY 2022 filings availableMedbay India Private Limited reported revenue of ₹18.49 Cr (up 1003% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 371% over five years. EBITDA rose 388% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹18.49 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹17.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.56 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 95% | ||||
| Net Profit Margin | 95% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Medbay India Private Limited, buy the company report.
Board of directors of Medbay India Private Limited
Medbay India has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kailash Gupta | Director | 31 Dec 2020 | 5 Years 10 Months | As last reported |
| Damodar Gupta Prasad | Irp/Rp/Liquidator | 20 Mar 2023 | 3 Years 7 Months | As last reported |
| Nivesh Khandelwal | Director | 02 Dec 2015 | 10 Years 11 Months | As last reported |
Auditor
Medbay India Private Limited is audited by A L P & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A L P & ASSOCIATES | FY 2021 | 328740E |
Shareholding
The shareholding of Medbay India Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Medbay India Private Limited, buy the company report.
Deals & funding
Medbay India Private Limited has 13 deals on record (9 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹15.46 Cr; the latest was in May 2021.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Orios Venture Partners, an individual |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Orios Venture Partners |
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Vijaya Mercantile Private Limited |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Orios Venture Partners, WaterBridge Ventures, SRI Capital Seller: Martin and Harris Laboratories Limited, The Patni Family Office, 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Tiger Ventures Group LLP Seller: an individual |
To see the full deal history of Medbay India 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
Medbay India Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Criminal case | Filed against the company by an individual | Disposed |
To see the full case history of Medbay India 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Medbay India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Medbay India Private Limited has a workforce of 46 employees on its EPFO records as of Sep 2020, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 46 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Medbay India Private Limited, buy the company report.
GST
Medbay India has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAKCM0453G1ZL | Delhi | Active | 01 Jul 2017 |
| 09AAKCM0453G1ZH | Uttar Pradesh | Active | 10 Sep 2019 |
To see the full GST registrations and return filing status of Medbay India Private Limited, buy the company report.
Recent activity
Medbay India Private Limited has 12 board changes on record since 2015: 3 appointments and 9 cessations. The latest: Damodar Gupta Prasad was appointed as Irp/Rp/Liquidator on 20 Mar 2023.
3 earlier events are in the company report.
News
Frequently asked questions
Medbay India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Medbay India is a company under liquidation, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 02 December 2015 and is registered under CIN U74999DL2015PTC288081. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Medbay India has 3 current directors:
- Kailash Gupta - Director
- Nivesh Khandelwal - Director
- Damodar Gupta Prasad - Irp/Rp/Liquidator
The latest financial statements of Medbay India on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Medbay India is U74999DL2015PTC288081. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Medbay India has 1 court case on record: 1 filed against it.
Medbay India was incorporated on 02 December 2015. It is registered with the Registrar of Companies, Delhi.
Medbay India has 13 deals on record (9 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹15.46 Cr; the latest was in May 2021.
Damodar Gupta Prasad was appointed as Irp/Rp/Liquidator on 20 Mar 2023. Kailash Gupta ceased to be Additional Director on 30 Nov 2021. Deepak Sood ceased to be Director on 01 Jan 2021. Medbay India has 12 board changes on record in total.
Medbay India can be reached through the website payivf.com. Its registered office is in New Delhi, Delhi, India.
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