About Panacea Hospitals Private Limited
Data last updated:
Panacea Hospitals Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the hospital and clinical services segment of the healthcare sector. It was incorporated on 01 November 2000.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA2000PTC028064. Its GSTIN is 29AACCP3697B4Z7 (Karnataka). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.89 Cr. It is led by directors including Channaveeraiah Jayanna (Managing Director) and Chikkagangawadi Chennaveeriah Sshivamurthy.
Its last annual general meeting (AGM) was held on 27 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 334 3rd Stage 4th Block Basaveshwara Nagar, Bangalore, Karnataka, India – 560079.
As per the financials filed for FY 2017, the company reported a revenue of ₹30.11 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹56.68 Lakh (net margin 1.9%) and EBITDA of ₹5.41 Cr (EBITDA margin 18%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.
The company has about 142 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.7 Cr and satisfied charges of ₹1.01 Cr on record. Court records list 39 cases involving the company, including 7 filed by the company and 33 filed against it; 2 cases are pending.
The last known website on record is panaceahospital.com.
Company details
Contact details
Panacea Hospitals Private Limited's registered office is in Bangalore, Karnataka. Its website is panaceahospital.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address334 3rd Stage 4th Block Basaveshwara Nagar, Bangalore, Karnataka, India – 560079
- IndustryHealthcare, Hospitals
To see the full contact details of Panacea Hospitals 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 Panacea Hospitals is hospital and medical care. In detail, this covers hospital activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q1 | Hospital activities |
To see the full business activity and turnover split of Panacea Hospitals Private Limited, buy the company report.
Financials of Panacea Hospitals Private Limited
FY 2017 filings availablePanacea Hospitals Private Limited reported revenue of ₹30.11 Cr (down 4% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over three years, including a 4% fall in the latest year. EBITDA fell 9% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹30.11 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹5.41 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹56.68 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 18% | ||
| Net Profit Margin | 1.9% | ||
| 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 Hospitals Private Limited, buy the company report.
Board of directors of Panacea Hospitals Private Limited
Panacea Hospitals has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chikkagangawadi Chennaveeriah Sshivamurthy | Director | 05 Nov 2003 | 22 Years 11 Months | As last reported |
| Srinivas Karupakallu | Director | 23 May 2004 | 22 Years 5 Months | As last reported |
| Channaveeraiah Jayanna Also directs: Phaneesh Hospitals Private Limited | Managing Director | 13 Oct 2011 | 15 Years 0 Months | As last reported |
| Channabasappa Shivaprasad Mallenahalli | Director | 01 Nov 2006 | 19 Years 11 Months | As last reported |
| Surendra Kumar Nagella Also directs: Ceana Aesthetics and Body Products Private Limited | Additional Director | 07 Apr 2016 | 10 Years 6 Months | As last reported |
Peer comparison
Panacea Hospitals Private Limited is compared with the 9 companies closest to it by revenue in the Healthcare industry (Multi Specialty Hospitals), with the same principal business activity (hospital activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kasturi Medical Centre Private Limited | ₹30.43 Cr (FY 2024) | 12.0% | Kolkata, West Bengal, India | |||
| Andhra Hospitals (Eluru) Private Limited | ₹30.3 Cr (FY 2024) | 6.0% | Eluru, Andhra Pradesh, India | |||
| Little Flower Hospital Private Limited | ₹30.3 Cr (FY 2025) | 10.0% | Bangalore, Karnataka, India | |||
| Sharma East India Hospitals and Medical Research Ltd. | ₹30.19 Cr (FY 2025) | 27.0% | Jaipur, Rajasthan, India | |||
| Panacea Hospitals Private Limitedthis company | ₹30.11 Cr (FY 2017) | ₹56.68 Lakh | 1.9% | -4.0% | 142 | Bangalore, Karnataka, India |
| Sahrudaya Health Care (Karimnagar) Private Limited | ₹30.1 Cr (FY 2021) | 19.0% | Hyderabad, Telangana, India | |||
| Assured Best Care Hospital Private Limited | ₹29.96 Cr (FY 2025) | 12.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Cosmos Kidney Care and Research Private Limited | ₹29.96 Cr (FY 2024) | 160.0% | Rohtak, Haryana, India | |||
| Chennai Noble Hospitals Private Limited | ₹29.92 Cr (FY 2024) | 22.0% | Chennai, Tamil Nadu, India | |||
| Accrete Healthcare Private Limited | ₹29.64 Cr (FY 2025) | 6.0% | Jammu and Kashmir, India |
To see the full peer comparison of Panacea Hospitals Private Limited, buy the company report.
Auditor
Panacea Hospitals Private Limited is audited by P CHANDRASEKAR LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P CHANDRASEKAR LLP | FY 2017 | 000580S |
Shareholding
The shareholding of Panacea Hospitals Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Panacea Hospitals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Apr 2014 | 10489731 | Bank of India | ₹3.2 Cr | Open | |
| 24 Apr 2009 | 10157844 | State Bank of India | ₹6.5 Cr | Open | |
| 19 Oct 2007 | 10074001 | Bank of India | ₹25 Lakh | Satisfied | |
| 23 Jun 2007 | 10060858 | H D F C Bank Limited | ₹12.87 Lakh | Satisfied | |
| 23 Feb 2007 | 10045466 | H D F C Bank Limited | ₹19.27 Lakh | Satisfied |
To see the full charge records of Panacea Hospitals Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Panacea Hospitals Private Limited has 39 court cases on record: 7 filed by Panacea Hospitals, 33 filed against it. 2 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 31 | 31 | 0 |
| NCLT | 5 | 1 | 2 |
| High courts | 2 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Bengaluru | Insolvency matter | Filed against the company by M/S Panacea Hospitals Pvt Ltd. and 1 other | Disposed |
| NCLT, Bengaluru | Insolvency matter | Filed by the company against M/S Panacea Hospitals Pvt Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Ananya Hospital Pvt. Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Ananya Hospital Pvt. Ltd., | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed against the company by Jain Sons Finlease Limited, Auth. Rep. Praveen Kumar R. | Disposed |
To see the full case history of Panacea Hospitals 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 Panacea Hospitals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Panacea Hospitals has 1 associated company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
Employees & EPFO
Panacea Hospitals Private Limited has a workforce of 142 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Panacea Hospitals has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCP3697B4Z7 | Karnataka | Active | 19 Jun 2020 |
To see the full GST registrations and return filing status of Panacea Hospitals Private Limited, buy the company report.
Recent activity
Panacea Hospitals Private Limited has 14 board changes on record since 2003: 5 appointments and 9 cessations. The latest: Surendra Kumar Nagella ceased to be Additional Director on 25 Jun 2020.
21 earlier events are in the company report.
Frequently asked questions
Panacea Hospitals is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Panacea Hospitals is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in hospitals, within the healthcare industry. It was incorporated on 01 November 2000 and is registered under CIN U85110KA2000PTC028064. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Panacea Hospitals has 5 current directors:
- Channaveeraiah Jayanna - Managing Director
- Chikkagangawadi Chennaveeriah Sshivamurthy - Director
- Srinivas Karupakallu - Director
- Channabasappa Shivaprasad Mallenahalli - Director
- Surendra Kumar Nagella - Additional Director
The latest financial statements of Panacea Hospitals on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 27 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Panacea Hospitals is U85110KA2000PTC028064. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panacea Hospitals has open charges of ₹9.7 Cr and satisfied charges of ₹1.01 Cr as per latest MCA filings.
Panacea Hospitals has 39 court cases on record: 7 filed by the company and 33 filed against it. 2 are pending. Most are in the district courts.
Panacea Hospitals was incorporated on 01 November 2000. It is registered with the Registrar of Companies, Bangalore.
The peers of Panacea Hospitals by revenue are Kasturi Medical Centre Private Limited, Andhra Hospitals (Eluru) Private Limited, Little Flower Hospital Private Limited, Sharma East India Hospitals and Medical Research Ltd, Sahrudaya Health Care (Karimnagar) Private Limited and 4 more, all in the Healthcare industry (Multi Specialty Hospitals), with the same principal business activity (hospital activities).
Surendra Kumar Nagella ceased to be Additional Director on 25 Jun 2020. Chikkagangawadi Chennaveeriah Sshivamurthy ceased to be Director on 15 Oct 2019. Srinivas Karupakallu ceased to be Director on 15 Oct 2019. Panacea Hospitals has 14 board changes on record in total.
Panacea Hospitals can be reached through the website panaceahospital.com. Its registered office is in Bangalore, Karnataka, India.