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 6 peer companies in the Machinery and Equipment industry (Healthcare Equipment Retail and Distribution, Industrial Products Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 3 larger and 3 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
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
Otic Hearing Solutions Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is oticonindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Otic Hearing Solutions Private Limited, buy the company report.
Comprehensive company report
Otic Hearing Solutions Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Otic Hearing Solutions is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Otic Hearing Solutions Private Limited, buy the company report.
Financials of Otic Hearing Solutions Private Limited
FY 2025 filings availableOtic 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)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.95 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.32 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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To see the full financial statements and ratios of Otic Hearing Solutions Private Limited, buy the company report.
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
Otic Hearing Solutions Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Healthcare Equipment Retail and Distribution, Industrial Products Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| 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 | |||
| Otic Hearing Solutions Private Limitedthis company | ₹60.25 Cr (FY 2024) | ₹1.32 Cr | 2.2% | 7.0% | 121 | Navi Mumbai, Maharashtra, 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 |
To see the full peer comparison of Otic Hearing Solutions Private Limited, buy the company report.
Auditor
Otic Hearing Solutions Private Limited is audited by KANHAIYALAL MADANLAL BOOB for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KANHAIYALAL MADANLAL BOOB | FY 2023 | 103206 |
Shareholding
The shareholding of Otic Hearing Solutions Private 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 2022 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Otic Hearing Solutions Private Limited, buy the company report.
Deals & funding
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
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.
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 |
To see the full case history of Otic Hearing Solutions 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 Otic Hearing Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Otic Hearing Solutions Private Limited has a workforce of 121 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
121
Active EPFO establishments
1
Employee growth
18.63%
GST
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 |
To see the full GST registrations and return filing status of Otic Hearing Solutions Private Limited, buy the company report.
Recent activity
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.
Frequently asked questions
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 has 2 current directors:
- Rashmi Vikram Pal - Director
- Vinoo Bansilal Raina - Director
The latest financial statements of Otic Hearing Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
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, Zil Pharma Enterprises Private Limited, Shri Vignesh Air Conditioning Engineers Private Limited and 1 more, all in the Machinery and Equipment industry (Healthcare Equipment Retail and Distribution, Industrial Products Retail and Distribution), with the same principal business activity (wholesale trading).
Rashmi Vikram Pal was appointed as Director on 09 Dec 2009. Vinoo Bansilal Raina was appointed as Director on 09 Dec 2009.
Yes, Otic Hearing Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0244484).