Medfast Health Solution Private Limited
About Medfast Health Solution Private Limited
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Medfast Health Solution Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 19 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH2018PTC308243. Its GSTIN is 27AALCM7830L1ZW (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Michael Jackson Nadar and Dhanalaxmi Raju.
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 Shop No. 1 & 2 Sannari 16 Kishor Kunj Tilak Road Ghatkopar (East), Mumbai, Maharashtra, India – 400077.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.44 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹11.94 Lakh (net margin -3.5%) and EBITDA of -₹10.17 Lakh (EBITDA margin -3%). Revenue has grown at a compounded annual rate (CAGR) of 101% over three years and 55% over five years.
Company details
Contact details
Medfast Health Solution Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No. 1 & 2 Sannari 16 Kishor Kunj Tilak Road Ghatkopar (East), Mumbai, Maharashtra, India – 400077
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Medfast Health Solution 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
Business activity
The main business activity of Medfast Health Solution is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Medfast Health Solution Private Limited, buy the company report.
Financials of Medfast Health Solution Private Limited
FY 2024 filings availableMedfast Health Solution Private Limited reported revenue of ₹3.44 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 55% over five years, including 16% growth in the latest year. EBITDA fell 38% 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 |
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| EBITDA | -₹10.17 Lakh | ||||
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| Net Profit (PAT) | -₹11.94 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -3% | ||||
| Net Profit Margin | -3.5% | ||||
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To see the full financial statements and ratios of Medfast Health Solution Private Limited, buy the company report.
Board of directors of Medfast Health Solution Private Limited
Medfast Health Solution has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Michael Jackson Nadar | Director | 19 Apr 2018 | 8 Years 6 Months | Current |
| Dhanalaxmi Raju | Director | 19 Apr 2018 | 8 Years 6 Months | Current |
Auditor
Medfast Health Solution Private Limited is audited by JAYESH RATHOD & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAYESH RATHOD & ASSOCIATES | FY 2022 | 150699W |
Shareholding
The shareholding of Medfast Health Solution Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Medfast Health Solution Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Medfast Health Solution Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Medfast Health Solution Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Medfast Health Solution has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCM7830L1ZW | Maharashtra | Active | 14 May 2018 |
To see the full GST registrations and return filing status of Medfast Health Solution Private Limited, buy the company report.
Recent activity
Medfast Health Solution Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Dhanalaxmi Raju was appointed as Director on 19 Apr 2018.
Frequently asked questions
Medfast Health Solution is an active private limited company based in Mumbai, Maharashtra, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 19 April 2018 (8+ years old) and is registered under CIN U51900MH2018PTC308243.
Medfast Health Solution has 2 current directors:
- Michael Jackson Nadar - Director
- Dhanalaxmi Raju - Director
The latest financial statements of Medfast Health Solution on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Medfast Health Solution is 27AALCM7830L1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Medfast Health Solution is U51900MH2018PTC308243. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Medfast Health Solution was incorporated on 19 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Dhanalaxmi Raju was appointed as Director on 19 Apr 2018. Michael Jackson Nadar was appointed as Director on 19 Apr 2018.
The registered office of Medfast Health Solution is at Shop No. 1 & 2 Sannari 16 Kishor Kunj Tilak Road Ghatkopar East, Mumbai, Maharashtra, India – 400077.
Medfast Health Solution operates in the pharma industry, in the pharmaceutical retailers and distributors segment.
Medfast Health Solution can be reached at its registered office: Shop No. 1 & 2 Sannari 16 Kishor Kunj Tilak Road Ghatkopar East, Mumbai, Maharashtra, India – 400077.