About Myind Medtech Innovations Private Limited
Data last updated:
Myind Medtech Innovations Private Limited is a private limited company based in Hyderabad, Telangana, India. 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 healthtech and medical tech solutions segment of the healthcare sector. It was incorporated on 22 July 2016.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74999TG2016PTC111073. Its GSTIN is 36AAKCM4684M1ZQ (Telangana).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.84 Cr. It is led by directors including Haribharadwaj (Managing Director) and Anjaneyulu Sadhu (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 29 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at H.No.1 – 2 – 28/100/5st No – 4 Fourth Floor Kakatiya Nagar Colony Habsiguda, Hyderabad, Telangana, India – 500007.
As per the financials filed for FY 2020, the company reported a revenue of ₹5.17 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net profit of ₹71,050 (net margin 13.7%) and EBITDA of ₹72,035 (EBITDA margin 13.9%). Revenue has grown at a compounded annual rate (CAGR) of 164% over three years.
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ESahai. Court records list 2 cases involving the company, including 2 filed by the company. The company has 11 deals on record (6 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹2.47 Cr; the latest was in April 2018.
The last known website on record is myindmedtech.com.
Company details
Contact details
Myind Medtech Innovations Private Limited's registered office is in Hyderabad, Telangana. Its website is myindmedtech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressH.No.1 – 2 – 28/100/5st No – 4 Fourth Floor Kakatiya Nagar Colony Habsiguda, Hyderabad, Telangana, India – 500007
- IndustryHealthcare, HealthTech & Medical Tech Solutions
To see the full contact details of Myind Medtech Innovations 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 Myind Medtech Innovations is hospital and medical care. In detail, this covers other hospital and medical care activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities |
To see the full business activity and turnover split of Myind Medtech Innovations Private Limited, buy the company report.
Financials of Myind Medtech Innovations Private Limited
FY 2020 filings availableMyind Medtech Innovations Private Limited reported revenue of ₹5.17 Lakh (down 89% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 89% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 164%. EBITDA rose 101% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹5.17 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹72,035 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹71,050 | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13.9% | |||
| Net Profit Margin | 13.7% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
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| Efficiency and Growth | ||||
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| Revenue Growth | ||||
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To see the full financial statements and ratios of Myind Medtech Innovations Private Limited, buy the company report.
Board of directors of Myind Medtech Innovations Private Limited
Myind Medtech Innovations has 9 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anjaneyulu Sadhu Also directs: Ezresolve LLP | Irp/Rp/Liquidator | 14 Sep 2023 | 3 Years 1 Months | As last reported |
| Raghu Babu Gunturu | Irp/Rp/Liquidator | 11 Sep 2023 | 3 Years 1 Months | As last reported |
| Satish Gooty Agraharam Also directs: Anand Eye Institute Private Limited | Director | 01 Aug 2016 | 10 Years 3 Months | As last reported |
| Sanjay Kumar Agraharam Gooty | Director | 22 Jul 2016 | 10 Years 3 Months | As last reported |
| Hari Hara Rao Rupanagudi | Director | 01 Aug 2016 | 10 Years 3 Months | As last reported |
| Satyanarayana Muthyala | Director | 24 Jul 2017 | 9 Years 3 Months | As last reported |
Auditor
Myind Medtech Innovations Private Limited is audited by N N V SATISH & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N N V SATISH & CO | FY 2020 | 011474S |
Shareholding
The shareholding of Myind Medtech Innovations Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Myind Medtech Innovations Private Limited, buy the company report.
Deals & funding
Myind Medtech Innovations Private Limited has 11 deals on record (6 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹2.47 Cr; the latest was in April 2018.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2018 | Rights issue | ₹92 Lakh | Investors: 4 individuals |
| Nov 2017 | Funding round | ₹32 Lakh | Investors: an individual |
| Oct 2017 | Funding round | ₹64.1 Lakh | Investors: 2 individuals |
| Aug 2017 | Funding round | ₹31.8 Lakh | Investors: an individual |
| Jul 2017 | Funding round | ₹20 Lakh | Investors: 2 individuals |
To see the full deal history of Myind Medtech Innovations Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Myind Medtech Innovations Private Limited has 2 court cases on record: 2 filed by Myind Medtech Innovations. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Hyderabad | Insolvency matter | Filed by the company against Employees State Insurance Corporation and 1 other | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Myind Medtech Innovations 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 Myind Medtech Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Myind Medtech Innovations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAKCM4684M1ZQ | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Myind Medtech Innovations Private Limited, buy the company report.
Recent activity
Myind Medtech Innovations Private Limited has 14 board changes on record since 2016: 9 appointments and 5 cessations. The latest: Anjaneyulu Sadhu was appointed as Irp/Rp/Liquidator on 14 Sep 2023.
5 earlier events are in the company report.
Frequently asked questions
Myind Medtech Innovations 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.
Myind Medtech Innovations is a company under insolvency, formerly operating as a private limited company based in Hyderabad, Telangana, India. The company works in healthtech and medical tech solutions, within the healthcare industry. It was incorporated on 22 July 2016 and is registered under CIN U74999TG2016PTC111073. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Myind Medtech Innovations has 9 current directors:
- Haribharadwaj - Managing Director
- Satish Gooty Agraharam - Director
- Sanjay Kumar Agraharam Gooty - Director
- Hari Hara Rao Rupanagudi - Director
- Satyanarayana Muthyala - Director
- Ved Prakash Goyal - Director
- Ramesh Ayyala Somayajula - Additional Director
- Anjaneyulu Sadhu - Irp/Rp/Liquidator
- Raghu Babu Gunturu - Irp/Rp/Liquidator
The latest financial statements of Myind Medtech Innovations on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 29 December 2020. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Myind Medtech Innovations is U74999TG2016PTC111073. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Myind Medtech Innovations has 2 court cases on record: 2 filed by the company.
Myind Medtech Innovations was incorporated on 22 July 2016. It is registered with the Registrar of Companies, Hyderabad.
Myind Medtech Innovations has 11 deals on record (6 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹2.47 Cr; the latest was in April 2018.
Anjaneyulu Sadhu was appointed as Irp/Rp/Liquidator on 14 Sep 2023. Raghu Babu Gunturu was appointed as Irp/Rp/Liquidator on 11 Sep 2023. Ramesh Ayyala Somayajula was appointed as Additional Director on 06 Feb 2018. Myind Medtech Innovations has 14 board changes on record in total.
Myind Medtech Innovations can be reached through the website myindmedtech.com. Its registered office is in Hyderabad, Telangana, India.
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