About Raichem Medicare Private Limited
Data last updated: 14 December 2025
Raichem Medicare Private Limited is a private limited company based in Chicksugur Village, Karnataka, India, a subsidiary of Ice Spa Italy. It specialises in api manufacturers, a part of the broader pharmaceuticals sector. Incorporated on 01 June 2009, the company has been in operation for over 17 years.
Registered with ROC Bangalore under CIN U24232KA2009PTC049999.
Capital: an authorised share capital of ₹26.7 Cr and a paid-up capital of ₹1.74 Cr. It is led by directors Agostino Barazza and Enzo Bartoli.
Last AGM: 24 September 2024. Financial statements filed for year ended 31 March 2024. Office: Plot No 24 25 26 & 26P Raichur Industrial Growth Centre, Chicksugur Village, Karnataka, India – 584134.
As per the financials filed for FY 2025, the company reported a revenue of ₹515.04 Cr, a decline of 12% compared to the previous year.
The company has a workforce of approximately 210 employees as per the latest available data. It operates as a subsidiary of Ice Spa Italy.
The company is associated with 2 brands - Raichem, Ice Pharma. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹82 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icepharma.com.
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Registered AddressPlot No 24 25 26 & 26P Raichur Industrial Growth Centre, Chicksugur Village, Karnataka, India – 584134
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IndustryPharma, API Manufacturers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Raichem Medicare Private Limited
Raichem Medicare Private Limited operates two associated brands: Raichem and ICE Pharma. These brands represent Raichem Medicare Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| CDMO focused on manufacturing API | icepharma.com | |
| Pharmaceutical manufacturing of APIs, intermediates, and related chemicals in India. | raichemmedicare.com |
Competitors & Alternatives of Raichem Medicare Private Limited
Brands and companies operating in the same space as Raichem Medicare Private Limited include Laurus Labs, Symbiotec, Sterling Pharma Solutions and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Laurus Labs
|
Pharmaceutical and biotechnology company | Hyderabad, India, India | 2005 |
Symbiotec
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Non-sterile steroid hormone-based APIs and intermediates are manufactured. | Indore, India, India | 2002 |
Sterling Pharma Solutions
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Contract development, manufacturing, and analytical services for APIs are offered. | Dudley, United Kingdom, United Kingdom | 2016 |
Provepharm Life Solutions
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APIs and drug products are developed and valorized in pharmaceuticals. | Marseille, France, France | 1998 |
Apicore
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APIs are manufactured and custom synthesis services are provided. | Somerset, United States, United States | 2004 |
SeQuent
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APIs are developed and manufactured for therapeutic areas. | Bengaluru, India, India | 2002 |
Jubilant Pharma
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Pharmaceuticals, APIs, and radiopharmaceuticals are manufactured by the company. | Noida, India, India | 1978 |
Bellen Chemistry
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APIs and intermediates are researched and manufactured, specializing in heterocycles. | Beijing, China, China | 2007 |
Business Activity of Raichem Medicare Private Limited
Raichem Medicare Private Limited is engaged in the principal business activity of manufacturing, with detailed activities including chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details for Raichem Medicare Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Raichem Medicare Private Limited
Raichem Medicare Private Limited is audited by Deloitte Haskins & Sells for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells | Locked | Locked | Locked |
Complete auditor history for Raichem Medicare Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
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Board of Directors of Raichem Medicare Private Limited
Raichem Medicare Private Limited is currently managed by 2 directors, with 16 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Agostino Barazza | Director | 02 Sep 2020 | 6 Years 0 Months | Current |
| Enzo Bartoli | Director | 30 Jan 2012 | 14 Years 7 Months | Current |
Financials of Raichem Medicare Private Limited FY 2024 filings available
Raichem Medicare Private Limited reported revenue of ₹515.04 Cr (down 12.00% YoY) for FY 2025.
Ten-year financial statements for Raichem Medicare Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
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Ownership and Shareholding of Raichem Medicare Private Limited
Shareholding and ownership data for Raichem Medicare Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
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- FII and DII holdings
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Charges & Borrowings of Raichem Medicare Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Apr 2023 | Standard Chartered Bank | ₹10 Cr | Open |
| 15 Sep 2015 | Citi Bank N.A. | ₹2 Cr | Satisfied |
| 03 Jun 2015 | Citi Bank N.A. | ₹20 Cr | Satisfied |
| 22 Jul 2014 | Standard Chartered Bank | ₹60 Cr | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Raichem Medicare Private Limited
Raichem Medicare Private Limited has a workforce of 210 employees as of Apr 06, 2024.
Employee and EPFO history for Raichem Medicare Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Raichem Medicare Private Limited
GST registrations and filing compliance for Raichem Medicare Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
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Credit Ratings, Litigation & Regulatory Alerts for Raichem Medicare Private Limited
Credit ratings, litigation, and regulatory alerts for Raichem Medicare Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Raichem Medicare Private Limited
MSME payment history for Raichem Medicare Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
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Subsidiaries & Group Companies of Raichem Medicare Private Limited
Corporate group structure for Raichem Medicare Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Raichem Medicare Private Limited
MCA filings and documents for Raichem Medicare Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Raichem Medicare Private Limited
Frequently Asked Questions about Raichem Medicare Private Limited
Raichem Medicare Private Limited is an active private limited company in the pharma sector based in Chicksugur Village, Karnataka, India. It was incorporated on 01 June 2009 (17+ years old) and is registered under CIN U24232KA2009PTC049999. The company has 210 employees.
Raichem Medicare Private Limited reported revenue of ₹515.04 Cr for FY 2025 (down 12.00% YoY).
The current directors of Raichem Medicare Private Limited are:
- Agostino Barazza - Director
- Enzo Bartoli - Director
The primary industry of Raichem Medicare Private Limited is pharma. The company specifically operates in api manufacturers. The company is currently active in this sector.
Raichem Medicare Private Limited can be reached at the registered office: Plot No 24 25 26 & 26P Raichur Industrial Growth Centre, Chicksugur Village, Karnataka, India – 584134, or through the website icepharma.com.
The authorised capital is ₹26.7 Cr, and the paid-up capital is ₹1.74 Cr.