About Medicure Private Limited
Data last updated:
Medicure Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 09 December 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24231MH1998PTC117391. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Arundhati Sanjay Bandivdekar (Whole-Time Director) and Hrushikesh Raghav Kulkarni.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 1401 14th Floor Mahavir Mile Store Kolbad Runwal Nagar Thane (W), Maharashtra, India – 400601.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.21 Lakh, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹17.33 Lakh and EBITDA of -₹5.57 Lakh (EBITDA margin -461.5%). Revenue has declined at a compounded annual rate (CAGR) of 72% over three years.
As per MCA filings, the company has open charges of ₹3.78 Cr and satisfied charges of ₹2.69 Cr on record. Court records list 10 cases involving the company, including 3 filed by the company and 7 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website medicureindia.com.
Company details
Contact details
Medicure Private Limited's registered office is in Thane, Maharashtra. Its website is medicureindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1401 14th Floor Mahavir Mile Store Kolbad Runwal Nagar Thane (W), Maharashtra, India – 400601
- IndustryConsumer Goods, Accessories Retail & Distribution
To see the full contact details of Medicure 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 Medicure 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 Medicure Private Limited, buy the company report.
Financials of Medicure Private Limited
FY 2019 filings availableMedicure Private Limited reported revenue of ₹1.21 Lakh (down 92% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 72% over three years, including a 92% fall in the latest year. EBITDA fell 160% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.21 Lakh | ||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹5.57 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹17.33 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -461.5% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Medicure Private Limited, buy the company report.
Board of directors of Medicure Private Limited
Medicure 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 |
|---|---|---|---|---|
| Arundhati Sanjay Bandivdekar | Whole-Time Director | 09 Dec 1998 | 27 Years 10 Months | Current |
| Hrushikesh Raghav Kulkarni | Additional Director | 15 Jun 2020 | 6 Years 4 Months | Current |
Auditor
Medicure Private Limited is audited by SHAH & PUROHIT for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH & PUROHIT | FY 2019 | 123144W |
Shareholding
The shareholding of Medicure Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Medicure Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jun 2015 | 10573400 | Aditya Birla Finance Limited | ₹1.4 Cr | Open | |
| 05 Jul 2005 | 90241518 | The Shamrao Vithal Co-Op. Bank Ltd | ₹9 Lakh | Open | |
| 04 Jun 2005 | 90238540 | The Shamrao Vithal Co-Op. Bank Ltd | ₹73.15 Lakh | Open | |
| 26 Nov 2002 | 90240927 | The Shamrao Vithal Co-Op. Bank Ltd | ₹20 Lakh | Open | |
| 22 Jul 2002 | 90242373 | Fiat Sundaram Auto Finance Ltd | ₹5 Lakh | Open |
To see the full charge records of Medicure Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Medicure Private Limited has 10 court cases on record: 3 filed by Medicure, 7 filed against it. 1 case is pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 5 | 1 |
| High courts | 3 | 2 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Aditya Birla Finance Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Kotak Mahindra Bank Ltd Th.Mr.Sandeep B.K. | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Aditya Birla Finance Limited | Disposed |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by Mrs. V R Marketing Group | Pending |
| District court, Sirmaur, Himachal Pradesh | Court case (Cr. M. A.) | Filed by the company against an individual | Disposed |
To see the full case history of Medicure 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
No delayed payments to MSME suppliers are on our record for Medicure Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Medicure has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Medicure Private Limited, buy the company report.
Recent activity
Medicure Private Limited has 5 board changes on record since 1998: 2 appointments and 3 cessations. The latest: Hrushikesh Raghav Kulkarni was appointed as Additional Director on 15 Jun 2020.
11 earlier events are in the company report.
Frequently asked questions
Medicure is an active private limited company based in Thane, Maharashtra, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 09 December 1998 (28+ years old) and is registered under CIN U24231MH1998PTC117391.
Medicure has 2 current directors:
- Arundhati Sanjay Bandivdekar - Whole-Time Director
- Hrushikesh Raghav Kulkarni - Additional Director
The latest financial statements of Medicure on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Medicure has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Medicure is U24231MH1998PTC117391. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Medicure has 10 court cases on record: 3 filed by the company and 7 filed against it. 1 is pending. Most are in the district courts.
Medicure was incorporated on 09 December 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Hrushikesh Raghav Kulkarni was appointed as Additional Director on 15 Jun 2020. Raghav Shamrao Kulkarni ceased to be Whole-Time Director on 15 Jun 2020. Uday Dinkar Kulkarni ceased to be Whole-Time Director on 22 Aug 2018. Medicure has 5 board changes on record in total.
Medicure can be reached through the website medicureindia.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Medicure is at 1401 14th Floor Mahavir Mile Store Kolbad Runwal Nagar Thane W, Maharashtra, India – 400601.