About Medicon Leather Private Limited
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Medicon Leather Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the leather goods manufacturing segment of the consumer goods sector. It was incorporated on 13 July 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U01911KA1987PTC008484. Its GSTIN is 29AABCM3807B1ZU (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹2.58 Cr. It is led by directors Sangieve Bulchandani Shyam and Neeta Bulchandani Sangieve.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.35/3 II Floor Bommanahalli Village Begur Hobli, Bangalore, Karnataka, India – 560068.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.87 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net loss of ₹4.28 Cr (net margin -110.7%) and EBITDA of -₹3.5 Cr (EBITDA margin -90.4%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 24% over five years.
The company has about 57 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bulchee. As per MCA filings, the company has open charges of ₹22.72 Cr and satisfied charges of ₹10.88 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bulchee.in.
Company details
Contact details
Medicon Leather Private Limited's registered office is in Bangalore, Karnataka. Its website is bulchee.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.35/3 II Floor Bommanahalli Village Begur Hobli, Bangalore, Karnataka, India – 560068
- IndustryConsumer Goods, Leather Goods Manufacturing
To see the full contact details of Medicon Leather 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
Medicon Leather operates one associated brand: Bulchee. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Leather accessories production and sales in India. | bulchee.in |
Business activity
The main business activity of Medicon Leather is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Medicon Leather Private Limited, buy the company report.
Financials of Medicon Leather Private Limited
FY 2025 filings availableMedicon Leather Private Limited reported revenue of ₹3.87 Cr (down 47% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 47% fall in the latest year. EBITDA fell 84% 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 | -₹3.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.28 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -90.4% | ||||
| Net Profit Margin | -110.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Medicon Leather Private Limited, buy the company report.
Board of directors of Medicon Leather Private Limited
Medicon Leather has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sangieve Bulchandani Shyam | Director | 13 Jul 1987 | 39 Years 3 Months | Current |
| Neeta Bulchandani Sangieve Also directs: Nibu X Brands Private Limited | Director | 01 Apr 2007 | 19 Years 6 Months | Current |
Peer comparison
Medicon Leather Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Leather, Leather Goods Manufacturers), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shalimar Tanneries Pvt Ltd | ₹3.97 Cr (FY 2025) | 41.0% | Kolkata, West Bengal, India | |||
| Fibretech Leathers Private Limited | ₹3.95 Cr (FY 2024) | -24.0% | Jalandhar, Punjab, India | |||
| Classic Tannery Pvt. Ltd. | ₹3.94 Cr (FY 2024) | -41.0% | Kolkata, West Bengal, India | |||
| Medicon Leather Private Limitedthis company | ₹3.87 Cr (FY 2025) | -₹4.28 Cr | -110.7% | -47.0% | 57 | Bangalore, Karnataka, India |
| Kapoor Craft & Leather Private Limited | ₹3.85 Cr (FY 2025) | 47.0% | Unnao, Uttar Pradesh, India | |||
| S.L Leathers Private Limited | ₹3.81 Cr (FY 2022) | 621.0% | Chennai, Tamil Nadu, India | |||
| Punjab Leather Processors Pvt Ltd | ₹3.77 Cr (FY 2025) | -20.0% | Punjab, India |
To see the full peer comparison of Medicon Leather Private Limited, buy the company report.
Auditor
Medicon Leather Private Limited is audited by MADAN AND BALAN for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MADAN AND BALAN | FY 2024 | 018997 |
Shareholding
The shareholding of Medicon Leather Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Medicon Leather Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Feb 2025 | 101045981 | Canara Bank | ₹8.85 Cr | Open | |
| 18 Mar 2011 | 10279239 | Canara Bank | ₹13.87 Cr | Open | |
| 15 Jun 2020 | 100344731 | Canara Bank | ₹1.26 Cr | Satisfied | |
| 04 May 2020 | 100337302 | Canara Bank | ₹55 Lakh | Satisfied | |
| 15 Oct 2015 | 10601340 | Canara Bank | ₹2 Lakh | Satisfied |
To see the full charge records of Medicon Leather Private Limited, buy the company report.
Total charge records: 24 View all charges
Legal cases
Medicon Leather Private Limited has 4 court cases on record: 1 filed by Medicon Leather, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed against the company by an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Bda the Commissioner | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Medicon Leather 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
Medicon Leather Private Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 62 overdue payments to 24 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Chirg Card Containers | |||
| Crysstal Blades Private Limited | |||
| Shree Venkateshwara Packaging Industries | |||
| Vailankanni Packaging Private Limited |
To see the full MSME payment records of Medicon Leather Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Medicon Leather Private Limited has a workforce of 57 employees on its EPFO records as of Mar 17, 2025, across 1 active EPFO establishment.
GST
Medicon Leather has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCM3807B1ZU | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Medicon Leather Private Limited, buy the company report.
Recent activity
Medicon Leather Private Limited has 4 board changes on record since 1987: 2 appointments and 2 cessations. The latest: Neeta Bulchandani Sangieve ceased to be Managing Director on 04 Apr 2022.
49 earlier events are in the company report.
Frequently asked questions
Medicon Leather is an active private limited company based in Bangalore, Karnataka, India. The company works in leather goods manufacturing, within the consumer goods industry. It was incorporated on 13 July 1987 (39+ years old) and is registered under CIN U01911KA1987PTC008484.
Medicon Leather has 2 current directors:
- Sangieve Bulchandani Shyam - Director
- Neeta Bulchandani Sangieve - Director
The latest financial statements of Medicon Leather on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Medicon Leather is 29AABCM3807B1ZU, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Medicon Leather is U01911KA1987PTC008484. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Medicon Leather has 4 court cases on record: 1 filed by the company and 3 filed against it. Most are in the district courts.
Medicon Leather was incorporated on 13 July 1987, making it 39+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Medicon Leather by revenue are Shalimar Tanneries Pvt Ltd, Fibretech Leathers Private Limited, Classic Tannery Pvt. Ltd, Kapoor Craft & Leather Private Limited, S.L Leathers Private Limited and 1 more, all in the Consumer Products industry (Leather, Leather Goods Manufacturers), with the same principal business activity (textile, leather and other apparel products).
Neeta Bulchandani Sangieve ceased to be Managing Director on 04 Apr 2022. Sangieve Bulchandani Shyam ceased to be Managing Director on 01 Apr 2015. Neeta Bulchandani Sangieve was appointed as Director on 01 Apr 2007. Medicon Leather has 4 board changes on record in total.
Medicon Leather has 7 MSME Form 1 returns on record between 2019 and 2024, listing 62 overdue payments to 24 micro and small suppliers. The latest return was filed on 30 May 2024.
Medicon Leather can be reached through the website bulchee.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Medicon Leather is at No.353 II Floor Bommanahalli Village Begur Hobli, Bangalore, Karnataka, India – 560068.