About Panacea Business Services Limited
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Panacea Business Services Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 05 January 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2011PLC211836. Its GSTIN is 27AAFCP8100J1ZE (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Panacea Business Services Private Limited. It is led by directors including Priti Ashish Nalwaya and Ramchandra Baburao Chorage (Manager).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2020, the company reported a revenue of ₹30.08 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.58 Lakh (net margin -5.2%) and EBITDA of -₹83,949 (EBITDA margin -2.8%). Revenue has declined at a compounded annual rate (CAGR) of 90% over three years and 20% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website panaceaservices.biz.
Company details
CIN history
Panacea Business Services has one previous CIN (Corporate Identification Number): U74900MH2011PTC211836. The current CIN is U74900MH2011PLC211836, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900MH2011PLC211836 | Current |
| U74900MH2011PTC211836 | Previous |
Contact details
Panacea Business Services Limited's registered office is in Mumbai, Maharashtra. Its website is panaceaservices.biz. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressD – 315 Crystal Plaza Opp. Infiniti Mall, New Link Road Andheri West, Mumbai, Maharashtra, India – 400053
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Panacea Business Services 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
Financials of Panacea Business Services Limited
FY 2023 filings availablePanacea Business Services Limited reported revenue of ₹30.08 Lakh (up 1906% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years. 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 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹30.08 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹83,949 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.58 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.8% | ||||
| Net Profit Margin | -5.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Panacea Business Services Limited, buy the company report.
Board of directors of Panacea Business Services Limited
Panacea Business Services has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priti Ashish Nalwaya | Director | 05 Jan 2011 | 15 Years 9 Months | Current |
| Ramchandra Baburao Chorage Also directs: Saffron Urbanspaces Private Limited, Saffron Worldspaces Private Limited, Saffron Lifespaces Private Limited and 3 more | Manager | 05 Jan 2011 | 15 Years 9 Months | Current |
| Mahesh Nemichand Ranka Also directs: Saffron Ambit Builders LLP, Saffron GDC Exquisite Homes LLP, Saffronn Indiano Properties LLP and 2 more | Additional Director | 09 Jan 2024 | 2 Years 9 Months | Current |
Auditor
Panacea Business Services Limited is audited by RAJAN BAYA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJAN BAYA & CO | FY 2018 | 011644C |
Shareholding
The shareholding of Panacea Business Services Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Panacea Business Services Limited, buy the company report.
Legal cases
Panacea Business Services Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by PNB Housing Finance Ltd Th Mr. Sanjay Vaishy | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Tata Capital Financial Services Ltd | Disposed |
To see the full case history of Panacea Business Services 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 Panacea Business Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Panacea Business Services has 6 associated companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
Employees & EPFO
Panacea Business Services Limited has a workforce of 1 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Panacea Business Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP8100J1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Panacea Business Services Limited, buy the company report.
Recent activity
Panacea Business Services Limited has 6 board changes on record since 2011: 4 appointments and 2 cessations. The latest: Mahesh Nemichand Ranka was appointed as Additional Director on 09 Jan 2024.
Frequently asked questions
Panacea Business Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 05 January 2011 (15+ years old) and is registered under CIN U74900MH2011PLC211836.
Panacea Business Services has 3 current directors:
- Priti Ashish Nalwaya - Director
- Mahesh Nemichand Ranka - Additional Director
- Ramchandra Baburao Chorage - Manager
The latest financial statements of Panacea Business Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Panacea Business Services is 27AAFCP8100J1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Panacea Business Services is U74900MH2011PLC211836. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panacea Business Services has 3 court cases on record: 3 filed against it. 1 is pending.
Panacea Business Services was incorporated on 05 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahesh Nemichand Ranka was appointed as Additional Director on 09 Jan 2024. Ramchandra Baburao Chorage ceased to be Additional Director on 29 Sep 2018. Vikrant Hemraj Jain ceased to be Additional Director on 26 May 2011. Panacea Business Services has 6 board changes on record in total.
Panacea Business Services can be reached through the website panaceaservices.biz. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Panacea Business Services is at D – 315 Crystal Plaza Opp. Infiniti Mall, New Link Road Andheri West, Mumbai, Maharashtra, India – 400053.
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