About Jindal Medicot Limited
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Jindal Medicot Limited is a public limited company based in Ludhiana, Punjab, India, a subsidiary of Jindal Technotex Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the medical consumables and supplies segment of the healthcare sector. It was incorporated on 27 May 2008.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17100PB2008PLC031964. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.4 Cr. It is led by directors including Sandeep Jindal and Alisha.
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 Ludhiana, Punjab.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.81 Lakh, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹5.66 Cr and EBITDA of -₹15.4 Lakh (EBITDA margin -226.1%). Revenue has declined at a compounded annual rate (CAGR) of 87% over three years and 74% over five years.
The company has about 74 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹99.77 Cr on record. Court records list 24 cases involving the company, including 6 filed by the company and 18 filed against it; 3 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹39 Cr; the latest was in March 2019.
The last known website on record is sjgroup.in.
Company details
Contact details
Jindal Medicot Limited's registered office is in Ludhiana, Punjab. Its website is sjgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMandiala Kalan, P.O. Bija Teh Khanna India, Ludhiana, Punjab, India – 141412
- IndustryHealthcare, Medical Consumables & Supplies
To see the full contact details of Jindal Medicot 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 Jindal Medicot 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 |
Financials of Jindal Medicot Limited
FY 2024 filings availableJindal Medicot Limited reported revenue of ₹6.81 Lakh (down 35% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 74% over five years, including a 35% fall in the latest year. EBITDA fell 30% 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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| EBITDA | -₹15.4 Lakh | ||||
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| Net Profit (PAT) | -₹5.66 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -226.1% | ||||
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To see the full financial statements and ratios of Jindal Medicot Limited, buy the company report.
Board of directors of Jindal Medicot Limited
Jindal Medicot has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Jindal Also directs: Jindal Cotex Limited, Jindal Technotex Limited, Jindal Cycles Private Limited and 4 more | Director | 27 May 2008 | 18 Years 4 Months | As last reported |
| Alisha Also directs: Jindal Cotex Limited, Jindal Specialty Textiles Limited | Director | 24 Jun 2016 | 10 Years 3 Months | As last reported |
| Kartar Chand Dhiman Also directs: Jindal Cotex Limited, Jindal Cycles Private Limited, Jindal Info Media Private Limited and 3 more | Director | 19 Dec 2011 | 14 Years 10 Months | As last reported |
Auditor
Jindal Medicot Limited is audited by K R Aggarwal & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K R Aggarwal & Associates | FY 2023 | 030088N |
Shareholding
The shareholding of Jindal Medicot 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jindal Medicot Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jan 2014 | 10474746 | Central Bank of India | ₹2 Cr | Open | |
| 24 Nov 2012 | 10397272 | Central Bank of India | ₹70 Lakh | Open | |
| 13 Aug 2011 | 10302980 | Central Bank of India | ₹8 Cr | Open | |
| 26 Jul 2011 | 10301664 | Punjab & Sind Bank | ₹4 Cr | Open | |
| 06 Jan 2010 | 10203389 | Bank of Baroda | ₹18.52 Cr | Open |
To see the full charge records of Jindal Medicot Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Jindal Medicot Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹39 Cr; the latest was in March 2019.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Jindal Technotex Limited Seller: Jindal Cotex Limited |
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: Jindal Cotex Limited & Anil Sharma, Jindal Cotex Limited & Rajesh Kumar Goyal Seller: Jindal Cotex Limited & Manu Jindal, Jindal Cotex Limited & Santosh Jindal |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Jindal Cotex Limited & Manu Jindal, Jindal Cotex Limited & Yash Paul Jindal & Sons Huf, Jindal Cotex Limited & Sandeep Jindal & Sons Huf Seller: Jindal Cotex Limited & Rajinder Jindal, Jindal Cotex Limited & Geeta Jindal, Jindal Cotex Limited & Reen Prabha Jindal |
| Apr 2013 | Funding round | ₹9 Cr | Investors: Jindal Holdings and Investment Limited |
| Mar 2010 | Funding round | ₹30 Cr | Investors: Jindal Cotex Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Jindal Medicot Limited has 24 court cases on record: 6 filed by Jindal Medicot, 18 filed against it. 3 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 15 | 2 |
| High courts | 4 | 3 | 1 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalandhar, Punjab | Civil suit | Filed against the company by Kusum Business Solutions Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by CHT India Pvt.Ltd. | Disposed |
| District court, West, Delhi | Civil suit | Filed against the company by Om Logistics Ltd | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed by the company against Ms Trimurti Polychem Private Limited Unit III | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Court case (Original Suit) | Filed against the company by Ms Maclean Engineering Projects P Ltd | Disposed |
To see the full case history of Jindal Medicot 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 Jindal Medicot Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Jindal Medicot Limited has a workforce of 74 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Jindal Medicot has 3 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 Jindal Medicot Limited, buy the company report.
Recent activity
Jindal Medicot Limited has 13 board changes on record since 2008: 3 appointments and 10 cessations. The latest: Aman Jindal ceased to be Director on 14 Nov 2016.
13 earlier events are in the company report.
Frequently asked questions
Jindal Medicot is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Jindal Medicot is a company under insolvency, formerly operating as a public limited company based in Ludhiana, Punjab, India. The company works in medical consumables and supplies, within the healthcare industry. It was incorporated on 27 May 2008 and is registered under CIN U17100PB2008PLC031964. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Jindal Medicot has 3 current directors:
- Sandeep Jindal - Director
- Alisha - Director
- Kartar Chand Dhiman - Director
The latest financial statements of Jindal Medicot 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 CIN (Corporate Identification Number) of Jindal Medicot is U17100PB2008PLC031964. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jindal Medicot has open charges of ₹99.77 Cr and no satisfied charges on record as per latest MCA filings.
Jindal Medicot has 24 court cases on record: 6 filed by the company and 18 filed against it. 3 are pending. Most are in the district courts.
Jindal Medicot was incorporated on 27 May 2008. It is registered with the Registrar of Companies, Chandigarh.
Jindal Medicot has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹39 Cr; the latest was in March 2019.
Aman Jindal ceased to be Director on 14 Nov 2016. Rajinder Kumar Jindal ceased to be Director on 14 Nov 2016. Ramesh Kumar Jindal ceased to be Director on 14 Nov 2016. Jindal Medicot has 13 board changes on record in total.