Pearl Medicals Private Limited
About Pearl Medicals Private Limited
Data last updated:
Pearl Medicals Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Ascent Health And Wellness Solutions Private Limited. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 14 July 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85120MH1999PTC449218. Its GSTIN is 33AADCP7078D1ZH (Tamil Nadu).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Srinivasa Ramanathan Manickam and Manthan Bhavin Kothari.
Its last annual general meeting (AGM) was held on 03 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹46.69 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net loss of ₹78.1 Lakh (net margin -1.7%) and EBITDA of -₹73.1 Lakh (EBITDA margin -1.6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Pearl Medicals. As per MCA filings, the company has open charges of ₹35 Cr and satisfied charges of ₹53.1 Cr on record. The company has 5 deals on record (5 secondary share transfers); the latest was in June 2019.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Pearl Medicals has one previous CIN (Corporate Identification Number): U85120TN1999PTC042837. The current CIN is U85120MH1999PTC449218, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85120MH1999PTC449218 | Current |
| U85120TN1999PTC042837 | Previous |
Contact details
Pearl Medicals Private Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressB – 3 And B 7 1st Flr Krishna Mill Compound, Sonapur Lane Lbs Marg, Mumbai, Maharashtra, India – 400078
- IndustryPharma, Pharmaceutical Retailers & Distributors
- 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
Brands
Pearl Medicals operates one associated brand: Pearl Medicals. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Pharmaceutical distributor offering comprehensive supply chain services. | pearlmedicals.com |
Financials of Pearl Medicals Private Limited
FY 2025 filings availablePearl Medicals Private Limited reported revenue of ₹46.69 Cr (up 41% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 41% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹46.69 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹73.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹78.1 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.6% | ||||
| Net Profit Margin | -1.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Pearl Medicals Private Limited, buy the company report.
Board of directors of Pearl Medicals Private Limited
Pearl Medicals has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivasa Ramanathan Manickam | Director | 22 Jun 2024 | 2 Years 4 Months | Current |
| Darshan Anil Haria Also directs: Rau and Co Pharma Private Limited, Shell Pharmaceuticals Private Limited, Muthu Pharma Private Limited and 2 more | Additional Director | 01 Apr 2025 | 1 Years 7 Months | Current |
| Manthan Bhavin Kothari Also directs: Northmark Enterprises LLP, Veekans Enterprise LLP, Dial Health Drug Supplies Private Limited and 1 more | Director | 22 Apr 2024 | 2 Years 6 Months | Current |
| Harshal Ashok Chaudhari Also directs: Rau and Co Pharma Private Limited, Shell Pharmaceuticals Private Limited, Muthu Pharma Private Limited and 3 more | Director | 20 Aug 2025 | 1 Years 2 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2019 | 100298099 | Axis Bank Limited | ₹35 Cr | Satisfied | |
| 01 Nov 2017 | 100156368 | Others | ₹5.5 Cr | Satisfied | |
| 11 Jul 2017 | 100120573 | Hdfc Bank Limited | ₹3.5 Cr | Satisfied | |
| 18 Jun 2014 | 10513030 | The Hongkong and Shanghai Banking Corporation Limited | ₹4.5 Cr | Satisfied | |
| 04 Nov 2013 | 10466210 | Hdfc Bank Limited | ₹2.5 Cr | Satisfied |
To see the full charge records of Pearl Medicals Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Pearl Medicals Private Limited has 5 deals on record (5 secondary share transfers); the latest was in June 2019.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2019 | Secondary share transfer | Undisclosed | Buyer: Ascent Health and Wellness Solutions Private Limited , Ascent Health & Wellness Solutions Private Limited & Siddharth Shah Seller: 4 individuals |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: Ascent Health and Wellness Solutions Private Limited Seller: 4 individuals |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Pearl Medicals Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pearl Medicals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pearl Medicals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCP7078D1ZH | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pearl Medicals Private Limited, buy the company report.
Recent activity
Pearl Medicals Private Limited has 15 board changes on record since 2013: 4 appointments and 11 cessations. The latest: Darshan Anil Haria ceased to be Additional Director on 02 Sep 2025.
26 earlier events are in the company report.
Frequently asked questions
Pearl Medicals is an active private limited company based in Mumbai, Maharashtra, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 14 July 1999 (27+ years old) and is registered under CIN U85120MH1999PTC449218.
Pearl Medicals has 4 current directors:
- Srinivasa Ramanathan Manickam - Director
- Darshan Anil Haria - Additional Director
- Manthan Bhavin Kothari - Director
- Harshal Ashok Chaudhari - Director
The latest financial statements of Pearl Medicals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 03 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pearl Medicals is 33AADCP7078D1ZH, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Pearl Medicals is U85120MH1999PTC449218. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pearl Medicals was incorporated on 14 July 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Pearl Medicals has 5 deals on record (5 secondary share transfers); the latest was in June 2019.
Darshan Anil Haria ceased to be Additional Director on 02 Sep 2025. Harshal Ashok Chaudhari ceased to be Additional Director on 02 Sep 2025. Harshal Ashok Chaudhari was appointed as Director on 20 Aug 2025. Pearl Medicals has 15 board changes on record in total.
The registered office of Pearl Medicals is at B – 3 And B 7 1st Flr Krishna Mill Compound, Sonapur Lane Lbs Marg, Mumbai, Maharashtra, India – 400078.
Pearl Medicals operates in the pharma industry, in the pharmaceutical retailers and distributors segment.
Sample company reports
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