MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0068257
Medvice Solutions India Private Limited - healthcare in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹1.6 Cr
▼ 4% YoY
Net profit · FY 2023
₹4.85 Lakh
Net margin 3%
EBITDA · FY 2023
₹11.13 Lakh
EBITDA margin 7%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
7
Provident fund records
Directors on board
3
As per MCA filings
About Medvice Solutions India Private Limited
Data last updated:
Medvice Solutions India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 06 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U33309KA2020PTC140741. Its GSTIN is 29AANCM9983G1ZJ (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Vishwanath Thotapalli and Benjamin Thomas Walsh.
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 Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.6 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹4.85 Lakh (net margin 3%) and EBITDA of ₹11.13 Lakh (EBITDA margin 7%).
The company has about 7 employees on its provident fund (EPFO) records.
Medvice Solutions India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0068257). For more details, the company can be reached via its website medviceglobal.com.
Company Details of Medvice Solutions India Private Limited
CIN U33309KA2020PTC140741
Registration Number 140741
Incorporation Date 06 November 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0068257
Key People
Vishwanath Thotapalli Director Benjamin Thomas Walsh Director Thamburaj Mohan Raj Director Recognitions & Rankings of Medvice Solutions India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1st Floor No.5 Pid No:306/5 Hosur Road Near Hemadri Ceramics Popular Colony Bom, Manahalli, Bangalore, Karnataka, India – 560068
- IndustryHealthcare, Medical Equipment Retail & Distribution
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Business Activity of Medvice Solutions India Private Limited
The main business activity of Medvice Solutions India is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Medvice Solutions India Private Limited FY 2025 filings available
Medvice Solutions India Private Limited reported revenue of ₹1.6 Cr (down 4% YoY) for FY 2023.
Revenue · FY 2023
₹1.6 Cr ▼ 4%
Net profit · FY 2023
₹4.85 Lakh margin 3%
EBITDA · FY 2023
₹11.13 Lakh margin 7%
Compounded Annual Growth Rate (CAGR) of Medvice Solutions India Private Limited
Revenue CAGR growth
1 year
▼ 4%
EBITDA CAGR growth
1 year
▼ 18%
Revenue fell 4% in the latest year. EBITDA fell 18% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Medvice Solutions India Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹11.13 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.85 Lakh | •••• | •••• |
| Balance Sheet | |||
| Share Capital | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• |
Financial Ratios of Medvice Solutions India Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 7% | •••• | •••• |
| Net Profit Margin | 3% | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• |
| Liquidity and Debt | |||
| Current Ratio | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• |
| Efficiency and Growth | |||
| Asset Turnover | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Medvice Solutions India are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
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Board of Directors of Medvice Solutions India Private Limited
Medvice Solutions India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishwanath Thotapalli | Director | 16 Aug 2021 | 5 Years 2 Months | Current |
| Benjamin Thomas Walsh | Director | 22 Nov 2020 | 5 Years 11 Months | Current |
| Thamburaj Mohan Raj | Director | 06 Nov 2020 | 5 Years 11 Months | Current |
Peer Comparison of Medvice Solutions India Private Limited
Medvice Solutions India Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jeekay Medical Private Limited | ₹1.61 Cr (FY 2025) | •••• | •••• | 248.0% | •••• | Delhi, India |
| Partenza Solutions Private Limited | ₹1.61 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Delhi, India |
| JG Cardiac Monitoring Solutions Private Limited | ₹1.61 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Pune, Maharashtra, India |
| Treksense Technologies Private Limited | ₹1.6 Cr (FY 2025) | •••• | •••• | 1737.0% | •••• | Bangalore, Karnataka, India |
| Sahai Mediquip Private Limited | ₹1.6 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Kolkata, West Bengal, India |
| Medvice Solutions India Private Limited this company | ₹1.6 Cr (FY 2023) | •••• | •••• | -4.0% | •••• | Bangalore, Karnataka, India |
| Karma Meditech Private Limited | ₹1.59 Cr (FY 2025) | •••• | •••• | •••• | Surat, Gujarat, India | |
| Medcorp Pharmacy Private Limited | ₹1.59 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Hyderabad, Telangana, India |
| Magram Healthcare Private Limited | ₹1.58 Cr (FY 2024) | •••• | •••• | 168.0% | •••• | Chennai, Tamil Nadu, India |
| Jina & Sons Private Limited | ₹1.58 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Gorakhpur, Uttar Pradesh, India |
| Glo Surge Private Limited | ₹1.58 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Medvice Solutions India by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Medvice Solutions India Private Limited
Medvice Solutions India Private Limited is audited by RAVI CHANDRA G & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAVI CHANDRA G & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Medvice Solutions India Private Limited
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Charges & Borrowings of Medvice Solutions India Private Limited
Medvice Solutions India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Medvice Solutions India Private Limited
Medvice Solutions India Private Limited has a workforce of 7 employees as of Apr 10, 2024.
Employee count
7
Active EPFO establishments
1
Employee growth
-12.5%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Medvice Solutions India Private Limited
Medvice Solutions India Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Ravindra Deshpande ceased to be Director on 16 Aug 2021.
AGM
Medvice Solutions India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Medvice Solutions India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Ravindra Deshpande ceased to be Director.
Appointed
Vishwanath Thotapalli was appointed as Director.
Appointed
Benjamin Thomas Walsh was appointed as Director.
Appointed
Thamburaj Mohan Raj was appointed as Director.
Incorporation
06 Nov 2020
Medvice Solutions India Private Limited was registered on 06 Nov 2020 with Roc Bangalore & aged 5 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Medvice Solutions India Private Limited
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MSME Payment Delays by Medvice Solutions India Private Limited
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Subsidiaries & Group Companies of Medvice Solutions India Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Medvice Solutions India Private Limited
Medvice Solutions India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AANCM9983G1ZJ | Karnataka | Active | 19 Nov 2020 |
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MCA Filings & Documents of Medvice Solutions India Private Limited
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Frequently Asked Questions about Medvice Solutions India Private Limited
Medvice Solutions India is an active private limited company based in Bangalore, Karnataka, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 06 November 2020 (6+ years old) and is registered under CIN U33309KA2020PTC140741.
Medvice Solutions India reported revenue of ₹1.6 Cr for FY 2023 (down 4% YoY).
Medvice Solutions India has 3 current directors:
- Vishwanath Thotapalli - Director
- Benjamin Thomas Walsh - Director
- Thamburaj Mohan Raj - Director
Medvice Solutions India reported a net profit of ₹4.85 Lakh (net margin 3%) and EBITDA of ₹11.13 Lakh (EBITDA margin 7%) for FY 2023, as per its filed financial statements.
The GSTIN of Medvice Solutions India is 29AANCM9983G1ZJ, registered in Karnataka.
The CIN (Corporate Identification Number) of Medvice Solutions India is U33309KA2020PTC140741. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Medvice Solutions India was incorporated on 06 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Medvice Solutions India by revenue are Jeekay Medical Private Limited, Partenza Solutions Private Limited, JG Cardiac Monitoring Solutions Private Limited, Treksense Technologies Private Limited, Sahai Mediquip Private Limited and 5 more, all in the Healthcare industry (Healthcare Equipment Retail and Distribution).
Ravindra Deshpande ceased to be Director on 16 Aug 2021. Vishwanath Thotapalli was appointed as Director on 16 Aug 2021. Benjamin Thomas Walsh was appointed as Director on 22 Nov 2020. Medvice Solutions India has 4 board changes on record in total.
Yes, Medvice Solutions India is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0068257).
Medvice Solutions India can be reached through the website medviceglobal.com. Its registered office is in Bangalore, Karnataka, India.