MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0244484
Otic Hearing Solutions Private Limited - healthcare in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹60.25 Cr
▲ 7% YoY
Net profit · FY 2024
₹1.32 Cr
Net margin 2.2%
EBITDA · FY 2024
₹2.95 Cr
EBITDA margin 4.9%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹20 Lakh
Issued & subscribed
Company age
17 yrs
Est. 2009
Employees · EPFO
121
Provident fund records
Directors on board
2
As per MCA filings
About Otic Hearing Solutions Private Limited
Data last updated:
Otic Hearing Solutions Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 09 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2009PTC197743. Its GSTIN is 27AABCO2244E1ZT (Maharashtra). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Rashmi Vikram Pal and Vinoo Bansilal Raina.
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 Sai Sangam 706/707 7th Floor Plot No. 85 Sector 15 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614.
As per the financials filed for FY 2024, the company reported a revenue of ₹60.25 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.32 Cr (net margin 2.2%) and EBITDA of ₹2.95 Cr (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 8% over five years.
The company has about 121 employees on its provident fund (EPFO) records.
Court records list 9 cases involving the company, including 9 filed by the company; 4 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in November 2015. Its 10 peer companies in the Machinery and Equipment industry (Healthcare Equipment Retail and Distribution, Industrial Products Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is RMC Medical Services Private Limited with revenue of ₹60.71 Cr.
Otic Hearing Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0244484). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website oticonindia.com.
Company Details of Otic Hearing Solutions Private Limited
CIN U74999MH2009PTC197743
Registration Number 197743
Incorporation Date 09 December 2009
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0244484
Recognitions & Rankings of Otic Hearing Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSai Sangam 706/707 7th Floor Plot No. 85 Sector 15 CBD Belapur, Navi Mumbai, Maharashtra, India – 400614
- IndustryHealthcare, Medical Equipment Retail & Distribution
Comprehensive company report
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Business Activity of Otic Hearing Solutions Private Limited
The main business activity of Otic Hearing Solutions is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Otic Hearing Solutions Private Limited FY 2025 filings available
Otic Hearing Solutions Private Limited reported revenue of ₹60.25 Cr (up 7% YoY) for FY 2024.
Revenue · FY 2024
₹60.25 Cr ▲ 7%
Net profit · FY 2024
₹1.32 Cr margin 2.2%
EBITDA · FY 2024
₹2.95 Cr margin 4.9%
Compounded Annual Growth Rate (CAGR) of Otic Hearing Solutions Private Limited
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 24%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 51%
5 years · compounded
▲ 2%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 7% growth in the latest year. EBITDA rose 6% 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 of Otic Hearing Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2.95 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.32 Cr | •••• | •••• | •••• | •••• |
| 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 Otic Hearing Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.2% | •••• | •••• | •••• | •••• |
| 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 Otic Hearing Solutions are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Otic Hearing Solutions Private Limited
Otic Hearing Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rashmi Vikram Pal Also directs: Elite Orgo-Chem Private Limited, Aas Hearing World Private Limited | Director | 09 Dec 2009 | 16 Years 10 Months | Current |
| Vinoo Bansilal Raina Also directs: Elite Orgo-Chem Private Limited, Hearing Aid Association of India | Director | 09 Dec 2009 | 16 Years 10 Months | Current |
Peer Comparison of Otic Hearing Solutions Private Limited
Otic Hearing Solutions Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Healthcare Equipment Retail and Distribution, Industrial Products 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 |
|---|---|---|---|---|---|---|
| RMC Medical Services Private Limited | ₹60.71 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Coimbatore, Tamil Nadu, India |
| Lpsis Private Limited | ₹60.6 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | New Delhi, Delhi, India |
| Axess Medicom Private Limited | ₹60.57 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Bhubaneswar, Odisha, India |
| Sino Care Surgicals Private Limited | ₹60.51 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Bions Medical Systems Private Limited | ₹60.47 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Vyttila P O, Kerala, India |
| Otic Hearing Solutions Private Limited this company | ₹60.25 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Navi Mumbai, Maharashtra, India |
| Evoqua Water Technologies India Private Limited | ₹60.13 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Chennai, Tamil Nadu, India |
| Zil Pharma Enterprises Private Limited | ₹60.12 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Mumbai, Maharashtra, India |
| Shri Vignesh Air Conditioning Engineers Private Limited | ₹60.04 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Chennai, Tamil Nadu, India |
| Hemodiaz Life Sciences Private Limited | ₹59.98 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | New Delhi, Delhi, India |
| Kuksons Telesys Private Limited | ₹59.81 Cr (FY 2025) | •••• | •••• | 95.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Otic Hearing Solutions by revenue in the Machinery and Equipment industry (Healthcare Equipment Retail and Distribution, Industrial Products 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 Otic Hearing Solutions Private Limited
Otic Hearing Solutions Private Limited is audited by KANHAIYALAL MADANLAL BOOB for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KANHAIYALAL MADANLAL BOOB | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Otic Hearing Solutions Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Otic Hearing Solutions Private Limited
Otic Hearing Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Otic Hearing Solutions Private Limited
Otic Hearing Solutions Private Limited has 2 deals on record (2 secondary share transfers); the latest was in November 2015.
Total deals
2
Secondary share transfers
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2015 | Secondary share transfer | Undisclosed | Buyer: William Demant Holding A/S Seller: 2 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: William Demant Holding A/S Seller: 2 individuals |
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Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Otic Hearing Solutions Private Limited
Otic Hearing Solutions Private Limited has 9 court cases on record: 9 filed by Otic Hearing Solutions. 4 cases are pending and 5 are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Total cases
9
Filed by the company
9
Pending
4
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 0 | 4 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Court case (R.C.C.) | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against an individual | Disposed |
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Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Otic Hearing Solutions Private Limited
Otic Hearing Solutions Private Limited has a workforce of 121 employees as of Apr 08, 2024.
Employee count
121
Active EPFO establishments
1
Employee growth
18.63%
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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 Otic Hearing Solutions Private Limited
Otic Hearing Solutions Private Limited has 2 board changes on record since 2009: 2 appointments. The latest: Rashmi Vikram Pal was appointed as Director on 09 Dec 2009.
AGM
Otic Hearing Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Otic Hearing Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Appointed
Rashmi Vikram Pal was appointed as Director.
Appointed
Vinoo Bansilal Raina was appointed as Director.
Incorporation
09 Dec 2009
Otic Hearing Solutions Private Limited was registered on 09 Dec 2009 with Roc Mumbai Ii & aged 16 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Otic Hearing Solutions Private Limited
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MSME Payment Delays by Otic Hearing Solutions Private Limited
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Subsidiaries & Group Companies of Otic Hearing Solutions Private Limited
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Corporate group structure
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GST Compliance of Otic Hearing Solutions Private Limited
Otic Hearing Solutions has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
5
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCO2244E1ZT | Maharashtra | Active | 01 Jul 2017 |
| 09AABCO2244E1ZR | Uttar Pradesh | Active | 27 Sep 2017 |
| 07AABCO2244E1ZV | Delhi | Active | 28 Sep 2017 |
| 33AABCO2244E1Z0 | Tamil Nadu | Active | 29 Sep 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Otic Hearing Solutions Private Limited
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Frequently Asked Questions about Otic Hearing Solutions Private Limited
Otic Hearing Solutions is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 09 December 2009 (17+ years old) and is registered under CIN U74999MH2009PTC197743.
Otic Hearing Solutions reported revenue of ₹60.25 Cr for FY 2024 (up 7% YoY).
Otic Hearing Solutions has 2 current directors:
- Rashmi Vikram Pal - Director
- Vinoo Bansilal Raina - Director
Otic Hearing Solutions reported a net profit of ₹1.32 Cr (net margin 2.2%) and EBITDA of ₹2.95 Cr (EBITDA margin 4.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Otic Hearing Solutions is 24% over three years and 8% over five years. In the latest year (FY 2024) revenue rose 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Otic Hearing Solutions is 27AABCO2244E1ZT, registered in Maharashtra. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 09AABCO2244E1ZR (Uttar Pradesh), 07AABCO2244E1ZV (Delhi), 33AABCO2244E1Z0 (Tamil Nadu).
The CIN (Corporate Identification Number) of Otic Hearing Solutions is U74999MH2009PTC197743. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Otic Hearing Solutions has 9 court cases on record: 9 filed by the company. 4 are pending.
Otic Hearing Solutions was incorporated on 09 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Otic Hearing Solutions has 2 deals on record (2 secondary share transfers); the latest was in November 2015.
The peers of Otic Hearing Solutions by revenue are RMC Medical Services Private Limited, Lpsis Private Limited, Axess Medicom Private Limited, Sino Care Surgicals Private Limited, Bions Medical Systems Private Limited and 5 more, all in the Machinery and Equipment industry (Healthcare Equipment Retail and Distribution, Industrial Products Retail and Distribution).