About Raichem Medicare Private Limited
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Raichem Medicare Private Limited is a private limited company based in Raichur, Karnataka, India, a subsidiary of Ice Spa Italy. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 01 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24232KA2009PTC049999. Its GSTIN is 29AAECR6735Q1ZI (Karnataka).
The company has 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.
Its last annual general meeting (AGM) was held on 24 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No 24 25 26 & 26P Raichur Industrial Growth Centre, 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. For the same year it recorded a net profit of ₹19.44 Cr (net margin 3.8%) and EBITDA of ₹52.22 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 12% over five years.
The company has about 210 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Raichem and ICE Pharma. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹82 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 1 case is pending. The company has 19 deals on record (10 secondary share transfers, 8 funding rounds, 1 acquisition), with disclosed funding of ₹69.17 Cr; the latest was in March 2024. Its 5 peer companies in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 3 larger and 2 smaller; the largest is Global Calcium Private Limited with revenue of ₹594.12 Cr. The company has 16 MSME Form 1 returns on record between 2018 and 2024, listing 126 overdue payments to 34 micro and small suppliers.
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.
Company details
Contact details
Raichem Medicare Private Limited's registered office is in Raichur, Karnataka. Its website is icepharma.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 24 25 26 & 26P Raichur Industrial Growth Centre, Karnataka, India – 584134
- IndustryPharma, API Manufacturers
To see the full contact details of Raichem Medicare 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
Brands
Raichem Medicare operates two associated brands: Raichem and ICE Pharma. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| CDMO focused on manufacturing API | icepharma.com | |
| Pharmaceutical manufacturing of APIs, intermediates, and related chemicals in India. | raichemmedicare.com |
Business activity
The main business activity of Raichem Medicare is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Raichem Medicare Private Limited, buy the company report.
Financials of Raichem Medicare Private Limited
FY 2024 filings availableRaichem Medicare Private Limited reported revenue of ₹515.04 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 14% 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 |
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| EBITDA | ₹52.22 Cr | ||||
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| Net Profit (PAT) | ₹19.44 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | 3.8% | ||||
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To see the full financial statements and ratios of Raichem Medicare Private Limited, buy the company report.
Board of directors of Raichem Medicare Private Limited
Raichem Medicare has 2 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Agostino Barazza | Director | 02 Sep 2020 | 6 Years 1 Months | Current |
| Enzo Bartoli | Director | 30 Jan 2012 | 14 Years 9 Months | Current |
Peer comparison
Raichem Medicare Private Limited is compared with the 5 companies closest to it by revenue in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Global Calcium Private Limited | ₹594.12 Cr (FY 2025) | 2.0% | Hosur, Tamil Nadu, India | |||
| Bajaj Healthcare Limited | ₹562.01 Cr (FY 2025) | 17.0% | Thane, Maharashtra, India | |||
| Maithri Laboratories Private Limited | ₹535.6 Cr (FY 2025) | 6.0% | Hyderabad, Telangana, India | |||
| Raichem Medicare Private Limitedthis company | ₹515.04 Cr (FY 2025) | ₹19.44 Cr | 3.8% | -12.0% | 210 | Raichur, Karnataka, India |
| Pharmazell (India) Private Limited | ₹510.27 Cr (FY 2024) | 3.0% | Chennai, Tamil Nadu, India | |||
| Arene Life Sciences Private Limited | ₹497.82 Cr (FY 2025) | 23.0% | Sangareddy, Telangana, India |
To see the full peer comparison of Raichem Medicare Private Limited, buy the company report.
Auditor
Raichem Medicare Private Limited is audited by Deloitte Haskins & Sells for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells | FY 2023 | 008072S |
Shareholding
The shareholding of Raichem Medicare 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 Raichem Medicare Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Apr 2023 | 100703635 | Standard Chartered Bank | ₹10 Cr | Open | |
| 15 Sep 2015 | 10600378 | Citi Bank N.A. | ₹2 Cr | Satisfied | |
| 03 Jun 2015 | 10574442 | Citi Bank N.A. | ₹20 Cr | Satisfied | |
| 22 Jul 2014 | 10512784 | Standard Chartered Bank | ₹60 Cr | Satisfied |
To see the full charge records of Raichem Medicare Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Raichem Medicare Private Limited has 19 deals on record (10 secondary share transfers, 8 funding rounds, 1 acquisition), with disclosed funding of ₹69.17 Cr; the latest was in March 2024.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Shilpa Medicare Limited |
| Jan 2019 | Secondary share transfer | Undisclosed | Seller: Shilpa Medicare Limited |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Shilpa Medicare Limited , an individual |
| Jan 2016 | Funding round | ₹6.67 Cr | Investors: Shilpa Medicare Limited , 2 individuals |
| Mar 2014 | Funding round | ₹3.11 Cr | Investors: Shilpa Medicare Limited |
To see the full deal history of Raichem Medicare 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
Raichem Medicare Private Limited has 4 court cases on record: 4 filed by Raichem Medicare. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed by the company against M/S Ultra Drytech Engineering Ltd. | Disposed |
| District court, RAICHUR, Karnataka | Civil suit | Filed by the company against M/S Ultra Drytech Engineering Ltd., | Disposed |
| District court, RAICHUR, Karnataka | Criminal complaint | Filed by the company against M/S Kothari Pharma Industries | Pending |
| District court, RAICHUR, Karnataka | Court case (P.C.) | Filed by the company against M/S Kothari Pharma Industries and 1 other | Disposed |
To see the full case history of Raichem Medicare 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
Raichem Medicare Private Limited has 16 MSME Form 1 returns on record between 2018 and 2024, listing 126 overdue payments to 34 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 34)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Siva Shipping & Transport, Chennai | |||
| Mother Earth Environ Tech Private Limited | |||
| Ramniklal S. Gosalia & Co., Gujarat | |||
| Pearl Polymers |
To see the full MSME payment records of Raichem Medicare Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Raichem Medicare Private Limited has a workforce of 210 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Raichem Medicare has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECR6735Q1ZI | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raichem Medicare Private Limited, buy the company report.
Recent activity
Raichem Medicare Private Limited has 15 board changes on record since 2012: 2 appointments and 13 cessations. The latest: Nallapeta Anandakumar Nagashanmukha ceased to be Company Secretary on 16 Feb 2024.
16 earlier events are in the company report.
Frequently asked questions
Raichem Medicare is an active private limited company based in Raichur, Karnataka, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 01 June 2009 (17+ years old) and is registered under CIN U24232KA2009PTC049999.
Raichem Medicare has 2 current directors:
- Agostino Barazza - Director
- Enzo Bartoli - Director
The latest financial statements of Raichem Medicare on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 24 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Raichem Medicare is 29AAECR6735Q1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Raichem Medicare is U24232KA2009PTC049999. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raichem Medicare has 4 court cases on record: 4 filed by the company. 1 is pending.
Raichem Medicare was incorporated on 01 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Raichem Medicare has 19 deals on record (10 secondary share transfers, 8 funding rounds, 1 acquisition), with disclosed funding of ₹69.17 Cr; the latest was in March 2024.
The peers of Raichem Medicare by revenue are Global Calcium Private Limited, Bajaj Healthcare Limited, Maithri Laboratories Private Limited, Pharmazell (India) Private Limited, Arene Life Sciences Private Limited, all in the Pharma industry (API Manufacturers), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Nallapeta Anandakumar Nagashanmukha ceased to be Company Secretary on 16 Feb 2024. Sunil Kumar ceased to be Company Secretary on 31 Jul 2023. Agostino Barazza ceased to be Additional Director on 29 Sep 2020. Raichem Medicare has 15 board changes on record in total.
Raichem Medicare has 16 MSME Form 1 returns on record between 2018 and 2024, listing 126 overdue payments to 34 micro and small suppliers. The latest return was filed on 12 Jun 2024.
Raichem Medicare can be reached through the website icepharma.com. Its registered office is in Raichur, Karnataka, India.
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