Medi Wave Health Systems Private Limited
About Medi Wave Health Systems Private Limited
Data last updated:
Medi Wave Health Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 24 April 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA2000PTC026982. Its GSTIN is 29AACCM4127H1ZI (Karnataka).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹21.5 Lakh. It is led by directors Joseph Varghese (Managing Director) and Belji Joseph Alappatt.
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 # 1090 Banaswadi Main Road Hrbr 10th Main, Bangalore, Karnataka, India – 560043.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.88 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net profit of ₹3.19 Lakh (net margin 0.2%) and EBITDA of ₹4.85 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 50% over five years.
As per MCA filings, the company has open charges of ₹13 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Medi Wave Health Systems Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address# 1090 Banaswadi Main Road Hrbr 10th Main, Bangalore, Karnataka, India – 560043
- IndustryHealthcare, Medical Equipment Retail & Distribution
To see the full contact details of Medi Wave Health Systems 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 Medi Wave Health Systems is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Medi Wave Health Systems Private Limited, buy the company report.
Financials of Medi Wave Health Systems Private Limited
FY 2024 filings availableMedi Wave Health Systems Private Limited reported revenue of ₹20.88 Cr (down 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 45% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 50%. EBITDA fell 54% 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 | ₹4.85 Lakh | ||||
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| Net Profit (PAT) | ₹3.19 Lakh | ||||
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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 | 0.2% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Medi Wave Health Systems Private Limited, buy the company report.
Board of directors of Medi Wave Health Systems Private Limited
Medi Wave Health Systems has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joseph Varghese | Managing Director | 24 Apr 2000 | 26 Years 6 Months | Current |
| Belji Joseph Alappatt | Director | 09 Jul 2015 | 11 Years 3 Months | Current |
Peer comparison
Medi Wave Health Systems Private Limited is compared with the 4 companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Goldenchest Ventures Private Limited | ₹21.06 Cr (FY 2025) | -26.0% | Chennai, Tamil Nadu, India | |||
| Khatri Healthcare Private Limited | ₹21.03 Cr (FY 2024) | -2.0% | Raipur, Chhattisgarh, India | |||
| Medi Wave Health Systems Private Limitedthis company | ₹20.88 Cr (FY 2025) | ₹3.19 Lakh | 0.2% | -45.0% | Bangalore, Karnataka, India | |
| Mahashakti Rasayan Pvt Ltd | ₹20.43 Cr (FY 2025) | 21.0% | Ahmedabad, Gujarat, India | |||
| Apr Medisolutions Private Limited | ₹20.38 Cr (FY 2025) | 10.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Medi Wave Health Systems Private Limited, buy the company report.
Auditor
Medi Wave Health Systems Private Limited is audited by Jain K Shaji & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jain K Shaji & Associates | FY 2023 | 217137 |
Shareholding
The shareholding of Medi Wave Health Systems Private Limited 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 Medi Wave Health Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 2002 | 80039014 | The South Indian Bank Limited | ₹13 Lakh | Open |
To see the full charge records of Medi Wave Health Systems Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Medi Wave Health Systems 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 Medi Wave Health Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Medi Wave Health Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCM4127H1ZI | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Medi Wave Health Systems Private Limited, buy the company report.
Recent activity
Medi Wave Health Systems Private Limited has 8 board changes on record since 2000: 5 appointments and 3 cessations. The latest: Belji Joseph Alappatt was appointed as Director on 09 Jul 2015.
1 earlier event is in the company report.
Frequently asked questions
Medi Wave Health Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 24 April 2000 (26+ years old) and is registered under CIN U85110KA2000PTC026982.
Medi Wave Health Systems has 2 current directors:
- Joseph Varghese - Managing Director
- Belji Joseph Alappatt - Director
The latest financial statements of Medi Wave Health Systems 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 2015 are in the company report.
The GSTIN of Medi Wave Health Systems is 29AACCM4127H1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Medi Wave Health Systems is U85110KA2000PTC026982. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Medi Wave Health Systems was incorporated on 24 April 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Medi Wave Health Systems by revenue are Goldenchest Ventures Private Limited, Khatri Healthcare Private Limited, Mahashakti Rasayan Pvt Ltd, Apr Medisolutions Private Limited, all in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Belji Joseph Alappatt was appointed as Director on 09 Jul 2015. Biju Augustine ceased to be Director on 09 Jul 2015. Samuel Ponnolil George ceased to be Director on 12 Feb 2014. Medi Wave Health Systems has 8 board changes on record in total.
The registered office of Medi Wave Health Systems is at # 1090 Banaswadi Main Road Hrbr 10th Main, Bangalore, Karnataka, India – 560043.
Medi Wave Health Systems operates in the healthcare industry, in the medical equipment retail and distribution segment.
Medi Wave Health Systems has open charges of ₹13 Lakh and no satisfied charges on record as per latest MCA filings.
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