Medico Remedies Limited - Company Profile

Q: Where is Medico Remedies Limited headquartered?

Medico Remedies Limited is headquartered at 11051106, 11Th Floor, Hubtown Solaris Opp. Telli Galli, N S Phadke Marg, Andhe, Ri East, Mumbai, Maharashtra, 400069.

Q: Who are the current directors of Medico Remedies Limited?

The current directors of Medico Remedies Limited are Deepesh Rajesh Shah, Harshit Haresh Mehta, Haresh Kapurlal Mehta, Rita Haresh Mehta, Rishit Hareshbhai Mehta, Anuj Kishore Mody, Kunal Tushar Vora, Deepak Maganlal Vekaria, Bharat Nathalal Rathod, Hasan Bohra, Maheshkumar Rameshchandra Darji.

It is a pharma public limited company based in Mumbai, Maharashtra, India, established in 1994.

1994 Mumbai, Maharashtra, India Active

Last Updated: January 09, 2026

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About Medico Remedies Limited

Medico Remedies Limited, a active public limited company, was established on 18 March 1994 in Mumbai, Maharashtra, India. Engaging in drug formulation & development within the manufacturing sector, it holds CIN: L24230MH1994PLC077187. Registered under ROC Roc Mumbai. it is listed on BSE: 540937. It has an authorized capital of ₹17.00 Cr and a paid-up capital of ₹16.60 Cr.

Formerly known as Medico Remedies P Ltd, Medico Remedies Private Limited. It upholds a compliant status. In 2024, it reported revenue of ₹147.05 Cr and a net worth of ₹52.37 Cr. Employing 70 professional, Its leadership includes Deepesh Rajesh Shah (Director), Harshit Haresh Mehta (Managing Director), Rita Haresh Mehta (Director). Past directors included Deepesh Rajesh Shah, Harshit Haresh Mehta, Hasan Bohra. It holds ₹54.16 Cr open charges and ₹39.66 Cr settled loans. Its latest AGM occurred on 08 September 2025, with the balance sheet filed on 31 March 2025. It is based at 1105/1106, 11Th Floor, Hubtown Solaris Opp. Telli Galli, N S Phadke Marg, Andhe, Ri East, Mumbai, Maharashtra, 400069.

Company Details

CIN/LLPIN
L24230MH1994PLC077187
Registration Number
077187
Incorporation Date
18 March 1994
Authorized Capital
₹17.00 Cr
Paid-Up Capital
₹16.60 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 540937)
Company Status
Active

Key Metrics

Authorised Capital ₹ 17.00 Cr as on 09-01-2026
Paid Up Capital ₹ 16.60 Cr as on 09-01-2026
Company Age 31 Year, 11 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 54.16 Cr as on 09-01-2026
Satisfied Charges ₹ 39.66 Cr as on 09-01-2026
Revenue Growth **** 1.85% (FY 2024)
Profit Growth **** 14.49% (FY 2024)
Ebitda **** 34.19% (FY 2024)
Net Worth 19.45% (FY 2024)
Total Assets **** 10.00% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Medico Remedies Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Medico Remedies Limited?

Current Directors

Name	Designation	Appointment Date	Status
Deepesh Rajesh Shah	Director	22 Apr 2022	Current
Harshit Haresh Mehta	Managing Director	14 Dec 2011	Current
Rita Haresh Mehta	Director	08 Dec 1999	Current
Rishit Hareshbhai Mehta	Whole-Time Director	12 Mar 2015	Current
Anuj Kishore Mody	Director	12 Nov 2024	Current
Kunal Tushar Vora	Director	13 Aug 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	22 Apr 2022	Past
Pramod Abcsdd	Director	15 Sep 2017	Past
Pramod Abcsdd	Company Secretary	08 Aug 2025	Past
Pramod Abcsdd	Whole-Time Director	23 Oct 2019	Past
Pramod Abcsdd	Director	15 Sep 2017	Past
Pramod Abcsdd	Company Secretary	-	Past

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Financial Performance of Medico Remedies.

Medico Remedies Limited, for the financial year ended 2024, experienced modest growth in revenue, with a 1.85% increase. The company also saw a substantial improvement in profitability, with a 14.49% increase in profit. The company's net worth Soared by an impressive increase of 19.45%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

1.85%

*******

Revenue from Operations

*******

3.19%

*******

Total Assets

*******

10.00%

*******

Profit or Loss

*******

14.49%

*******

Net Worth

*******

19.45%

*******

EBITDA

*******

34.19%

*******

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What is the Ownership and Shareholding Structure of Medico Remedies?

In 2024, Medico Remedies had a promoter holding of 73.34% and a public holding of 26.66%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹541,600,000.00

Satisfied Charges

₹396,637,000.00

Charges Breakdown by Lending Institutions

Others : 54.16 Cr

Latest Charge Details

Date	Lender	Amount	Status
20 Dec 2018	Others	₹24.08 Cr	Open
31 Jul 2018	Others	₹30.08 Cr	Open
31 Aug 2019	Others	₹2.75 Cr	Satisfied
31 Aug 2019	Others	₹2.75 Cr	Satisfied
19 Oct 2002	Bank Of Baroda	₹1.49 Cr	Satisfied

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How Many Employees Work at Medico Remedies?

Medico Remedies has a workforce of 70 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Medico Remedies, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Medico Remedies's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Medico Remedies

Recent Activity within the Organization

Annual General Meeting

Medico Remedies Limited last Annual general meeting of members was held on 08 Sep 2025 as per latest MCA records. was recorded as a recent event.
08 Sep 2025
Director Appointment

Progress on Maheshkumar Rameshchandra Darji was appointed as a Director was appointed as a Director on 30 Jul 2025 & has been associated with this company since 7 months 6 days . was documented.
30 Jul 2025
Balance Sheet

Medico Remedies Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was recorded as a recent event.
31 Mar 2025
Charges

A charge with Others of Rs. 30.08 Cr registered on 31 Jul 2018 with Charge ID 100207287 was modified on 20 Mar 2025. was recorded as a recent event.
20 Mar 2025
Director Appointment

The activity Hasan Bohra was appointed as a Company Secretary was appointed as a Company Secretary on 07 Dec 2024 & has been associated with this company since 1 year 2 months . was completed.
07 Dec 2024
Director Appointment

Progress on Anuj Kishore Mody was appointed as a Director was appointed as a Director on 12 Nov 2024 & has been associated with this company since 1 year 3 months . was documented.
12 Nov 2024

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