MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0032724
Medispec India Limited - healthcare in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹41.35 Cr
▼ 19% YoY
Net profit · FY 2024
₹1.1 Cr
Net margin 2.7%
EBITDA · FY 2024
₹2.5 Cr
EBITDA margin 6.1%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹24 Lakh
Issued & subscribed
Open charges
₹10.65 Cr
Satisfied ₹13.17 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
22
Provident fund records
About Medispec India Limited
Data last updated:
Medispec India Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 31 July 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH1995PLC091242. Its GSTIN is 27AAACM5985D1ZC (Maharashtra).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹24 Lakh. It was formerly known as Medi Spec Instruments (India) Limited and Medi-Spec Instruments India Private Limited. It is led by directors including Vipul Kalyanji Chhatbar (Managing Director) and Vikkalp Vipul Chhatbar (Whole-Time Director).
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 601 Lotus Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹41.35 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.1 Cr (net margin 2.7%) and EBITDA of ₹2.5 Cr (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 29% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.65 Cr and satisfied charges of ₹13.17 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹14 Lakh; the latest was in June 2015. Its 5 peer companies in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (wholesale trading) are compared by revenue, 4 larger and 1 smaller; the largest is Silverline Medi-Tech Private Limited with revenue of ₹42.84 Cr.
Medispec India Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0032724). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website medispec.in.
Company details
CIN U24230MH1995PLC091242
Registration Number 091242
Incorporation Date 31 July 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0032724
Name history
Medispec India has undergone 2 name changes throughout its history. The company was previously known as Medi Spec Instruments (India) Limited, and Medi-Spec Instruments India Private Limited. The current legal name is Medispec India Limited.
| Company Name | Status |
|---|---|
| Medispec India Limited | Current |
| Medi Spec Instruments (India) Limited | Previous |
| Medi-Spec Instruments India Private Limited | Previous |
CIN history
Medispec India has one previous CIN (Corporate Identification Number): U24230MH1995PTC091242. The current CIN is U24230MH1995PLC091242, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24230MH1995PLC091242 | Current |
| U24230MH1995PTC091242 | Previous |
Key People
Vipul Kalyanji Chhatbar Managing Director Vikkalp Vipul Chhatbar Whole-Time Director Nikita Vipul Chhatbar Whole-Time Director Recognitions & Rankings of Medispec India
Contact details
Medispec India Limited's registered office is in Mumbai, Maharashtra. Its website is medispec.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA/601 Lotus Corporate Park 6th Floor Off. Western Express Highway Goregaon (, East), Mumbai, Maharashtra, India – 400063
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Medispec India Limited, buy the company report.
Comprehensive company report
Medispec India Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activities of Medispec India are trade and professional, scientific and technical. In detail, this covers wholesale trading and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Medispec India Limited, buy the company report.
Financials of Medispec India Limited
FY 2024 filings availableMedispec India Limited reported revenue of ₹41.35 Cr (down 19% YoY) for FY 2024.
Revenue · FY 2024
₹41.35 Cr ▼ 19%
Net profit · FY 2024
₹1.1 Cr margin 2.7%
EBITDA · FY 2024
₹2.5 Cr margin 6.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 36%
5 years · compounded
▲ 29%
EBITDA CAGR growth
1 year
▼ 50%
3 years · compounded
▼ 1%
5 years · compounded
▲ 2%
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 29%. EBITDA fell 50% 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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| Total Expenses | |||||
| EBITDA | ₹2.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.1 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Medispec India Limited, buy the company report.
Board of directors of Medispec India Limited
Medispec India has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikkalp Vipul Chhatbar Also directs: Gennovate Private Limited | Whole-Time Director | 24 Jul 2019 | 7 Years 2 Months | Current |
| Vipul Kalyanji Chhatbar Also directs: Genexplore Medisquare Diagnostics Center LLP, Medispec Genexplore Diagnostics Center LLP, Gennovate Private Limited and 1 more | Managing Director | 31 Jul 1995 | 31 Years 2 Months | Current |
| Nikita Vipul Chhatbar | Whole-Time Director | 15 Dec 1998 | 27 Years 10 Months | Current |
Peer comparison
Medispec India Limited is compared with the 5 companies closest to it by revenue in the Healthcare industry (Medical and Laboratory Equipment), 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 |
|---|---|---|---|---|---|---|
| Silverline Medi-Tech Private Limited | ₹42.84 Cr (FY 2025) | 39.0% | Ahmedabad, Gujarat, India | |||
| Ithiel Healthcare Private Limited | ₹42.57 Cr (FY 2025) | 33.0% | Ernakulam, Kerala, India | |||
| Techno Medical Services Private Limited | ₹42.4 Cr (FY 2025) | 42.0% | Chandigarh, India | |||
| Techno Surge Industries Private Limited | ₹42.02 Cr (FY 2025) | -62.0% | Amravati, Maharashtra, India | |||
| Medispec India Limitedthis company | ₹41.35 Cr (FY 2024) | ₹1.1 Cr | 2.7% | -19.0% | 22 | Mumbai, Maharashtra, India |
| Rkmediford Private Limited | ₹39.91 Cr (FY 2025) | 21.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Medispec India Limited, buy the company report.
Auditor
Medispec India Limited is audited by R M A & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R M A & CO. | FY 2023 | 118777W |
Shareholding
The shareholding of Medispec India 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 Medispec India Limited, buy the company report.
Charges & borrowings
Open charges
₹10.65 Cr
Satisfied charges
₹13.17 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2024 | 101015167 | Others | ₹1 Cr | Open | |
| 28 Dec 2012 | 10396387 | Others | ₹9.65 Cr | Open | |
| 31 Dec 2020 | 100438903 | Others | ₹20.01 Lakh | Satisfied | |
| 30 Dec 2020 | 100408291 | Others | ₹1 Cr | Satisfied | |
| 30 Jan 2013 | 10403281 | Indusind Bank Ltd. | ₹6.33 Cr | Satisfied |
To see the full charge records of Medispec India Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Medispec India Limited has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹14 Lakh; the latest was in June 2015.
Total deals
2
Secondary share transfer
1
Funding round
1
Disclosed funding
₹14 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2008 | Funding round | ₹14 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Medispec India Limited has 2 court cases on record: 2 filed by Medispec India. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Criminal complaint | Filed by the company against individuals | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The State of Andhra Pradesh and 7 others | Disposed |
To see the full case history of Medispec India 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 Medispec India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Medispec India Limited has a workforce of 22 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
22
Active EPFO establishments
1
Employee growth
22.22%
GST
Medispec India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM5985D1ZC | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Medispec India Limited, buy the company report.
Recent activity
Medispec India Limited has 8 board changes on record since 1995: 3 appointments and 5 cessations. The latest: Nikita Vipul Chhatbar ceased to be Director on 01 Oct 2019.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 101015167 was registered on 28 Oct 2024.
AGM
Medispec India Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Medispec India Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others of Rs. 965.00 Lakh registered on 28 Dec 2012 with Charge ID 10396387 was modified on 29 May 2023.
Charges
A charge registered on 31 Dec 2020 via Charge ID 100438903 with Others was fully satisfied on 16 Jul 2022.
Charges
A charge registered on 30 Dec 2020 via Charge ID 100408291 with Others was fully satisfied on 23 Mar 2022.
Charges
A charge with Others amounted to Rs. 20.01 Lakh with Charge ID 100438903 was registered on 31 Dec 2020.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100408291 was registered on 30 Dec 2020.
Ceased
Nikita Vipul Chhatbar ceased to be Director.
Ceased
Vipul Kalyanji Chhatbar ceased to be Director.
Ceased
Vikkalp Vipul Chhatbar ceased to be Additional Director.
Ceased
Milloni Vipul Chatbar ceased to be Director.
18 earlier events are in the company report.
Frequently asked questions
Medispec India is an active public limited company based in Mumbai, Maharashtra, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 31 July 1995 (31+ years old) and is registered under CIN U24230MH1995PLC091242.
Medispec India has 3 current directors:
- Vipul Kalyanji Chhatbar - Managing Director
- Vikkalp Vipul Chhatbar - Whole-Time Director
- Nikita Vipul Chhatbar - Whole-Time Director
The latest financial statements of Medispec India 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 Medispec India is 27AAACM5985D1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Medispec India is U24230MH1995PLC091242. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Medispec India has 2 court cases on record: 2 filed by the company.
Medispec India was incorporated on 31 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Medispec India has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹14 Lakh; the latest was in June 2015.
The peers of Medispec India by revenue are Silverline Medi-Tech Private Limited, Ithiel Healthcare Private Limited, Techno Medical Services Private Limited, Techno Surge Industries Private Limited, Rkmediford Private Limited, all in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (wholesale trading).
Nikita Vipul Chhatbar ceased to be Director on 01 Oct 2019. Vipul Kalyanji Chhatbar ceased to be Director on 01 Oct 2019. Vikkalp Vipul Chhatbar ceased to be Additional Director on 30 Sep 2019. Medispec India has 8 board changes on record in total.
Yes, Medispec India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0032724).