About Medequip Healthcare Solutions LLP
Data last updated:
Medequip Healthcare Solutions LLP was a limited liability partnership (LLP) based in Bengaluru, Karnataka, India. The LLP has been converted into a company and no longer exists as an LLP. For the latest details, refer to the successor company. It operated in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 06 October 2015.
The LLP was registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAE-8708. Its GSTIN is 29ABBFM5393A2ZA (Karnataka). The LLP held 21 GST registrations, of which 17 are active.
The LLP had a total obligation of contribution of ₹99.8 Lakh. It was led by designated partners including Alok Garg and Ankur Garg.
Its latest statement of accounts is for the year ended 31 March 2023. The registered office was at Plot No. A – 12 A – 13 Apparel Park Phase 1 Doddaballapur Industrial Area, Bengaluru, Karnataka, India – 561203.
As per the financials filed for FY 2022, the LLP reported a revenue of ₹151.17 Cr, a growth of 109% compared to the previous year. For the same year it recorded a net profit of ₹10.01 Cr (net margin 6.6%) and EBITDA of ₹16.22 Cr (EBITDA margin 10.7%). Revenue has grown at a compounded annual rate (CAGR) of 89% over three years and 97% over five years.
The LLP has about 103 employees on its provident fund (EPFO) records.
The LLP is associated with 1 brand: Medequip Healthcare. As per MCA filings, the LLP has open charges of ₹23.31 Cr on record. Court records list 7 cases involving the LLP, including 6 filed by the LLP and 1 filed against it.
The last known website on record is medequip.co.in.
Company details
Contact details
Medequip Healthcare Solutions LLP's registered office is in Bengaluru, Karnataka. Its website is medequip.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressPlot No. A – 12 A – 13 Apparel Park Phase 1 Doddaballapur Industrial Area, Bengaluru, Karnataka, India – 561203
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Medequip Healthcare Solutions LLP, 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
Medequip Healthcare Solutions operates one associated brand: Medequip Healthcare. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies home healthcare products, mobility aids, and respiratory devices. | medequip.co.in |
Financials of Medequip Healthcare Solutions LLP
FY 2023 filings availableMedequip Healthcare Solutions LLP reported revenue of ₹151.17 Cr (up 109% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 97% over five years, including 109% growth in the latest year. EBITDA rose 178% 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
| Statement of Account and Solvency | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profit After Tax | ₹10.01 Cr | ||||
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Financial Ratios
| Statement of Account and Solvency | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Net Profit Margin | 6.6% | ||||
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To see the full financial statements and ratios of Medequip Healthcare Solutions LLP, buy the company report.
Designated partners of Medequip Healthcare Solutions LLP
Medequip Healthcare Solutions has 6 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alok Garg | Designated Partner | 21 Dec 2015 | 10 Years 10 Months | As last reported |
| Ankur Garg | Designated Partner | 06 Oct 2015 | 11 Years 1 Months | As last reported |
| Suhas Shubhakaran | Designated Partner | 06 Oct 2015 | 11 Years 1 Months | As last reported |
| Latteri Gopalan Chandrasekhar Also directs: Medequip Healthcare Solutions Private Limited, Kh17 Realty LLP, Pratham Bounce EV LLP and 4 more | Partner | 16 Jul 2022 | 4 Years 3 Months | As last reported |
| Ashwinbhai Nanjibhai Lathiya Also directs: Medequip Healthcare Solutions Private Limited, Mede Healthcare Industries Private Limited, Forsky Lab Private Limited and 1 more | Designated Partner | 01 Jun 2019 | 7 Years 5 Months | As last reported |
| Kapilkumar Mansukhbhai Ghori | Designated Partner | 01 Jun 2019 | 7 Years 5 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Sep 2021 | L-100739811 | Axis Bank Limited | ₹20.26 Lakh | Open | |
| 05 Oct 2018 | L-100223021 | Axis Bank Limited | ₹23.11 Cr | Open |
To see the full charge records of Medequip Healthcare Solutions LLP, buy the company report.
Total charge records: 2 View all charges
Legal cases
Medequip Healthcare Solutions LLP has 7 court cases on record: 6 filed by Medequip Healthcare Solutions, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Commercial suit | Filed against the company by M/S Medimove India LLP | Disposed |
| District court, South, Delhi | Commercial suit | Filed by the company against Medimove India LLP | Disposed |
| District court, South, Delhi | Interim or miscellaneous application | Filed by the company against M/S Medimove India LLP | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Shantha Surgicals | Disposed |
To see the full case history of Medequip Healthcare Solutions LLP, 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 Medequip Healthcare Solutions LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Medequip Healthcare Solutions LLP has a workforce of 121 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Medequip Healthcare Solutions has 21 GST registrations: 17 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABBFM5393A2ZA | Karnataka | Active | 01 Jul 2017 |
| 07ABBFM5393A2ZG | Delhi | Active | 19 Jul 2017 |
| 21ABBFM5393A1ZR | Odisha | Active | 03 Aug 2018 |
| 24ABBFM5393A1ZL | Gujarat | Active | 12 Dec 2018 |
To see the full GST registrations and return filing status of Medequip Healthcare Solutions LLP, buy the company report.
Recent activity
Medequip Healthcare Solutions LLP has 6 designated partner changes on record since 2015: 6 appointments. The latest: Latteri Gopalan Chandrasekhar was appointed as Partner on 16 Jul 2022.
Frequently asked questions
Medequip Healthcare Solutions has been converted into a company - the business changed its legal structure from a Limited Liability Partnership to a company. The LLP no longer exists in its previous form. For the latest information, refer to the successor company registered with MCA.
Medequip Healthcare Solutions was a limited liability partnership based in Bengaluru, Karnataka, India. The LLP worked in medical and laboratory equipment, within the healthcare industry. It was incorporated on 06 October 2015 and is registered under LLPIN AAE-8708. For the latest details, refer to the successor company.
The LLPIN (Limited Liability Partnership Identification Number) of Medequip Healthcare Solutions is AAE-8708. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Medequip Healthcare Solutions had 6 designated partners:
- Alok Garg - Designated Partner
- Ankur Garg - Designated Partner
- Suhas Shubhakaran - Designated Partner
- Latteri Gopalan Chandrasekhar - Partner
- Ashwinbhai Nanjibhai Lathiya - Designated Partner
- Kapilkumar Mansukhbhai Ghori - Designated Partner
Medequip Healthcare Solutions was incorporated on 06 October 2015. It is registered with the Registrar of Companies, Bangalore.
Medequip Healthcare Solutions can be reached through the website medequip.co.in. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Medequip Healthcare Solutions is at Plot No. A – 12 A – 13 Apparel Park Phase 1 Doddaballapur Industrial Area, Bengaluru, Karnataka, India – 561203.
The latest financial statements of Medequip Healthcare Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 31 March 2023. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Medequip Healthcare Solutions is 29ABBFM5393A2ZA, registered in Karnataka. The LLP has 21 GST registrations in all, of which 17 are active and 4 are cancelled or inactive. Other active GSTINs include 07ABBFM5393A2ZG (Delhi), 21ABBFM5393A1ZR (Odisha), 24ABBFM5393A1ZL (Gujarat).
Medequip Healthcare Solutions operated in the healthcare industry, in the medical and laboratory equipment segment.
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