About Medusind Solutions India Private Limited
Data last updated:
Medusind Solutions India Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 28 August 2001.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2001PTC133168. Its GSTIN is 27AADCM1806E2ZU (Maharashtra). The company held 5 GST registrations, of which 3 are active.
The company had an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.11 Cr. It was formerly known as Eternity Management Services Pvt Ltd. It was led by directors including Anthony Thomas Chambers and Ninad Kishorbhai Chavda.
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 was at Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹187.1 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹20.11 Cr (net margin 10.8%) and EBITDA of ₹56.88 Cr (EBITDA margin 30.4%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years.
The company had about 2,587 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Medusind. As per MCA filings, the company had satisfied charges of ₹14.7 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 2 cases are pending.
The last known website on record is medusind.com.
Company details
Contact details
Medusind Solutions India Private Limited's registered office is in Mumbai, Maharashtra. Its website is medusind.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address6th Floor The Great Oasis D – 13 Street 21 MIDC Marol Andheri (Ea, St), Mumbai, Maharashtra, India – 400093
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Medusind Solutions India 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
Medusind Solutions India operates one associated brand: Medusind. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Revenue cycle management solutions are offered to healthcare practices. | medusind.com |
Business activity
The main business activity of Medusind Solutions India is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Medusind Solutions India Private Limited, buy the company report.
Financials of Medusind Solutions India Private Limited
FY 2019 filings availableMedusind Solutions India Private Limited reported revenue of ₹187.1 Cr (up 21% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over three years, including 21% growth in the latest year. EBITDA fell 16% 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 |
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| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹187.1 Cr | ||||
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| EBITDA | ₹56.88 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹20.11 Cr | ||||
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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 | 30.4% | ||||
| Net Profit Margin | 10.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Medusind Solutions India Private Limited, buy the company report.
Board of directors of Medusind Solutions India Private Limited
Medusind Solutions India has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ninad Kishorbhai Chavda | Additional Director | 03 Mar 2020 | 6 Years 7 Months | As last reported |
| Anthony Thomas Chambers | Director | 08 Apr 2019 | 7 Years 6 Months | As last reported |
| Da Chuan King | Additional Director | 07 Nov 2019 | 6 Years 11 Months | As last reported |
Auditor
Medusind Solutions India Private Limited is audited by C. N. K. & Associates LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C. N. K. & Associates LLP | FY 2019 | 101961W/W100036 |
Shareholding
The shareholding of Medusind Solutions India Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Medusind Solutions India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2007 | 10085521 | Citibank N. A. | ₹14.7 Cr | Satisfied |
To see the full charge records of Medusind Solutions India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Medusind Solutions India Private Limited has 6 court cases on record: 3 filed by Medusind Solutions India, 3 filed against it. 2 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.IDA) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed by the company against an individual | Disposed |
| Supreme Court | Court case (0318-Direct Taxes Matter : Deductions/exemptions) | Filed against the company by Commissoner of Income Tax 6 Aayakar Bhavan, M.K. Road , District: Mumbai ,Mumbai , Maharashtra | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss casess) | Filed against the company by Muncipal Corporation K/East Ward, Mumbai | Disposed |
To see the full case history of Medusind Solutions India 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 Medusind Solutions India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Medusind Solutions India Private Limited has a workforce of 2,587 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
GST
Medusind Solutions India has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM1806E2ZU | Maharashtra | Active | 01 Jul 2017 |
| 24AADCM1806E1Z1 | Gujarat | Active | 01 Jul 2017 |
| 33AADCM1806E1Z2 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Medusind Solutions India Private Limited, buy the company report.
Recent activity
Medusind Solutions India Private Limited has 14 board changes on record since 2008: 3 appointments and 11 cessations. The latest: Ninad Kishorbhai Chavda was appointed as Additional Director on 03 Mar 2020.
8 earlier events are in the company report.
News
Frequently asked questions
Medusind Solutions India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Medusind Solutions India was a private limited company based in Mumbai, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 28 August 2001 and is registered under CIN U74140MH2001PTC133168. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Medusind Solutions India was incorporated on 28 August 2001. It is registered with the Registrar of Companies, Mumbai.
Medusind Solutions India had 3 directors:
- Ninad Kishorbhai Chavda - Additional Director
- Anthony Thomas Chambers - Director
- Da Chuan King - Additional Director
The CIN (Corporate Identification Number) of Medusind Solutions India is U74140MH2001PTC133168. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Medusind Solutions India is at 6th Floor The Great Oasis D – 13 Street 21 MIDC Marol Andheri Ea, St, Mumbai, Maharashtra, India – 400093.
Medusind Solutions India can be reached through the website medusind.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Medusind Solutions India 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.
The GSTIN of Medusind Solutions India is 27AADCM1806E2ZU, registered in Maharashtra. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 24AADCM1806E1Z1 (Gujarat), 33AADCM1806E1Z2 (Tamil Nadu).
Medusind Solutions India operated in the information technology industry, in the IT consulting and support services segment.