MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-08-0000518
Quality Needles Private Limited - healthcare in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹330.86 Cr
▲ 3% YoY
Net profit · FY 2025
₹109.95 Cr
Net margin 33.2%
EBITDA · FY 2025
₹165.26 Cr
EBITDA margin 49.9%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹52.11 Lakh
Issued & subscribed
Open charges
₹10 Cr
Satisfied ₹2.59 Cr
Company age
42 yrs
Est. 1984
Employees · EPFO
821
Provident fund records
About Quality Needles Private Limited
Data last updated:
Quality Needles Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Healthium Medtech Limited. It operates in the medical consumables and supplies segment of the healthcare sector. It was incorporated on 15 March 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74899KA1984PTC201717. Its GSTIN is 09AAACQ0051C2Z0 (Uttar Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹52.11 Lakh. It is led by directors including Rajnish Damani and Sudeep Dhariwal.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 472/D 13th Cross 4T Phase, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹330.86 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹109.95 Cr (net margin 33.2%) and EBITDA of ₹165.26 Cr (EBITDA margin 49.9%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 17% over five years.
The company has about 821 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Quality Needles. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹2.59 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending. The company has 7 deals on record (5 secondary share transfers, 1 rights issue, 1 acquisition); the latest was in March 2023. The company has 4 MSME Form 1 returns on record between 2022 and 2024, listing 34 overdue payments to 18 micro and small suppliers.
Quality Needles Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-08-0000518). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website qualityneedles.com.
Company details
CIN U74899KA1984PTC201717
Registration Number 201717
Incorporation Date 15 March 1984
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 12 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Healthium Medtech Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-08-0000518
CIN history
Quality Needles has one previous CIN (Corporate Identification Number): U74899DL1984PTC017706. The current CIN is U74899KA1984PTC201717, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899KA1984PTC201717 | Current |
| U74899DL1984PTC017706 | Previous |
Recognitions & Rankings of Quality Needles
Contact details
Quality Needles Private Limited's registered office is in Bangalore, Karnataka. Its website is qualityneedles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address472/D 13th Cross 4T Phase, Peenya Industrial Area Bengaluru Karnataka – 560 058 India, Bangalore, Karnataka, India – 560058
- IndustryHealthcare, Medical Consumables & Supplies
To see the full contact details of Quality Needles Private Limited, buy the company report.
Comprehensive company report
Quality Needles 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
Brands
Quality Needles operates one associated brand: Quality Needles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Surgical suture needles are manufactured for diverse medical procedures. | qualityneedles.com |
Business activity
The main business activity of Quality Needles is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Quality Needles Private Limited, buy the company report.
Financials of Quality Needles Private Limited
FY 2025 filings availableQuality Needles Private Limited reported revenue of ₹330.86 Cr (up 3% YoY) for FY 2025.
Revenue · FY 2025
₹330.86 Cr ▲ 3%
Net profit · FY 2025
₹109.95 Cr margin 33.2%
EBITDA · FY 2025
₹165.26 Cr margin 49.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 22%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 21%
5 years · compounded
▲ 15%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 3% growth in the latest year. EBITDA fell 3% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹165.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹109.95 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 49.9% | ||||
| Net Profit Margin | 33.2% | ||||
| 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 Quality Needles Private Limited, buy the company report.
Board of directors of Quality Needles Private Limited
Quality Needles has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajnish Damani Also directs: Healthium Medtech Limited | Director | 07 Aug 2025 | 1 Years 2 Months | Current |
| Sudeep Dhariwal Also directs: Carenow Lifesciences Private Limited, Carenow Medical Private Limited, Quality Needles Precision Medtech Private Limited and 1 more | Director | 06 Sep 2024 | 2 Years 1 Months | Current |
| Bhanu Shivakumar Javaregowda | Director | 16 Jun 2025 | 1 Years 4 Months | Current |
Auditor
Quality Needles Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Quality Needles 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 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Quality Needles Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Cr
Satisfied charges
₹2.59 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Mar 2020 | 100340697 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Cr | Open | |
| 21 Jun 2011 | 10297677 | Kotak Mahindra Prime Limited | ₹19.38 Lakh | Satisfied | |
| 27 Feb 2010 | 10210140 | Kotak Mahindra Prime Limited | ₹25.05 Lakh | Satisfied | |
| 21 Jul 1998 | 90330754 | Bank of India | ₹70 Lakh | Satisfied | |
| 24 May 1998 | 90329819 | Bank of India | ₹1.45 Cr | Satisfied |
To see the full charge records of Quality Needles Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Quality Needles Private Limited has 7 deals on record (5 secondary share transfers, 1 rights issue, 1 acquisition); the latest was in March 2023.
Total deals
7
Secondary share transfers
5
Rights issue
1
Acquisition
1
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Healthium Medtech Limited & Mahadevan Narayanamoni, Healthium Medtech Limited Seller: Healthium Oem Private Limited & Mahadevan Narayanamoni, Healthium Oem Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Healthium Oem Private Limited Seller: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Healthium Oem Private Limited Seller: Healthium Medtech Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Healthium Medtech Limited Seller: TPG Capital India |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: TPG Capital India Seller: an individual |
To see the full deal history of Quality Needles Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Quality Needles Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Total cases
2
Filed against the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Civil suit | Filed against the company by State | Pending |
| District court, Lucknow, Uttar Pradesh | Criminal case | Filed against the company by an individual | Pending |
To see the full case history of Quality Needles 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.
Credit ratings & regulatory alerts
Quality Needles Private Limited was last rated by Icra on 02 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 02 Aug 2021 |
To see the full credit ratings and regulatory alerts of Quality Needles Private Limited, buy the company report.
MSME payment delays
Quality Needles Private Limited has 4 MSME Form 1 returns on record between 2022 and 2024, listing 34 overdue payments to 18 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Environ Waste Connections LLP | |||
| United Control Engineers India Private Limited | |||
| Ecs Corporation | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Quality Needles Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Quality Needles Private Limited has a workforce of 821 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
821
Active EPFO establishments
1
Employee growth
6.76%
GST
Quality Needles has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACQ0051C2Z0 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Quality Needles Private Limited, buy the company report.
Recent activity
Quality Needles Private Limited has 21 board changes on record since 2008: 3 appointments and 18 cessations. The latest: Bhanu Shivakumar Javaregowda ceased to be Additional Director on 11 Sep 2025.
AGM
Quality Needles Private Limited last Annual general meeting of members was held on 12 Sep 2025 as per latest MCA records.
Ceased
Bhanu Shivakumar Javaregowda ceased to be Additional Director.
Ceased
Rajnish Damani ceased to be Additional Director.
Ceased
Sudeep Dhariwal ceased to be Additional Director.
Ceased
Mohammed Azeez ceased to be Additional Director.
Appointed
Rajnish Damani was appointed as Director.
Appointed
Bhanu Shivakumar Javaregowda was appointed as Director.
Filing
Quality Needles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Sudeep Dhariwal was appointed as Director.
Ceased
Kankana Barua ceased to be Additional Director.
Ceased
Phani Kumar Gujjari ceased to be Additional Director.
Ceased
Namrata Kaul ceased to be Additional Director.
22 earlier events are in the company report.
Frequently asked questions
Quality Needles is an active private limited company based in Bangalore, Karnataka, India. The company works in medical consumables and supplies, within the healthcare industry. It was incorporated on 15 March 1984 (42+ years old) and is registered under CIN U74899KA1984PTC201717.
Quality Needles has 3 current directors:
- Rajnish Damani - Director
- Sudeep Dhariwal - Director
- Bhanu Shivakumar Javaregowda - Director
The latest financial statements of Quality Needles on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Quality Needles is 09AAACQ0051C2Z0, registered in Uttar Pradesh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Quality Needles is U74899KA1984PTC201717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Quality Needles has 2 court cases on record: 2 filed against it. 2 are pending.
Quality Needles was incorporated on 15 March 1984, making it 42+ years old. It is registered with the Registrar of Companies, Bangalore.
Quality Needles has 7 deals on record (5 secondary share transfers, 1 rights issue, 1 acquisition); the latest was in March 2023.
Bhanu Shivakumar Javaregowda ceased to be Additional Director on 11 Sep 2025. Rajnish Damani ceased to be Additional Director on 11 Sep 2025. Sudeep Dhariwal ceased to be Additional Director on 11 Sep 2025. Quality Needles has 21 board changes on record in total.
Yes, Quality Needles is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-08-0000518).
Quality Needles has 4 MSME Form 1 returns on record between 2022 and 2024, listing 34 overdue payments to 18 micro and small suppliers. The latest return was filed on 22 Apr 2024.