About Sapphire Hospitals Private Limited
Data last updated:
Sapphire Hospitals Private Limited is a private limited company based in Thane, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the hospital and clinical services segment of the healthcare sector. It was incorporated on 05 December 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85110MH2007PTC176497. Its GSTIN is 27AALCS8030Q1ZM (Maharashtra).
The company has an authorised share capital of ₹24.62 Cr and a paid-up capital of ₹20.84 Cr. It is led by directors including Sanjiv Waman Walanj (Managing Director) and Prasad Kamalakar Dharap (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 3rd Floor M.D. Office Kaveri Heights Opp. Mathre Talav Kharegaon Kalwa (W), Thane, Maharashtra, India – 400605.
As per the financials filed for FY 2018, the company reported a revenue of ₹15.65 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net loss of ₹18.89 Cr (net margin -120.6%) and EBITDA of ₹65,913 (EBITDA margin 0%).
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹206.84 Cr on record. Court records list 8 cases involving the company, including 8 filed against it; 2 cases are pending. The company has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹20.83 Cr; the latest was in March 2016. Its 9 peer companies in the Healthcare industry (Multi Specialty Hospitals), with the same principal business activity (hospital activities) are compared by revenue, 4 larger and 5 smaller; the largest is Basils India Private Limited with revenue of ₹15.74 Cr.
The last known website on record is sapphirehospitals.com.
Company details
Contact details
Sapphire Hospitals Private Limited's registered office is in Thane, Maharashtra. Its website is sapphirehospitals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor M.D. Office Kaveri Heights Opp. Mathre Talav Kharegaon Kalwa (W), Thane, Maharashtra, India – 400605
- IndustryHealthcare, Hospitals
To see the full contact details of Sapphire 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
Financials of Sapphire Hospitals Private Limited
FY 2018 filings availableSapphire Hospitals Private Limited reported revenue of ₹15.65 Cr (up 44% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 44% in the latest year. EBITDA rose 100% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹15.65 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹65,913 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹18.89 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0% | |||
| Net Profit Margin | -120.6% | |||
| 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 Sapphire Hospitals Private Limited, buy the company report.
Board of directors of Sapphire Hospitals Private Limited
Sapphire Hospitals has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prasad Kamalakar Dharap Also directs: Hadas HS Nagpur Alumni Association | Irp/Rp/Liquidator | 02 Mar 2023 | 3 Years 8 Months | As last reported |
| Jaysing Khandu Salve Also directs: Risk-Care Hospital & I.C.C.U Private Limited | Director | 10 May 2013 | 13 Years 5 Months | As last reported |
| Surekha Jaysing Salve | Director | 20 Aug 2013 | 13 Years 2 Months | As last reported |
| Aparna Sanjeev Walanj Also directs: Walanj & Sons Holdings Private Limited | Director | 07 Nov 2009 | 16 Years 11 Months | As last reported |
| Sanjiv Waman Walanj | Managing Director | 05 Dec 2007 | 18 Years 11 Months | As last reported |
| Atul Bhalchandra Deshpande Also directs: Risk-Care Hospital & I.C.C.U Private Limited | Director | 10 May 2013 | 13 Years 5 Months | As last reported |
Peer comparison
Sapphire 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 |
|---|---|---|---|---|---|---|
| Basils India Private Limited | ₹15.74 Cr (FY 2025) | 8.0% | Dibrugarh, Assam, India | |||
| Brahmchaitanya Superspeciality Hospital Private Limited | ₹15.73 Cr (FY 2025) | 34.0% | Pune, Maharashtra, India | |||
| Cataract and Iol Hospital Private Limited | ₹15.7 Cr (FY 2024) | 14.0% | Jorhat, Assam, India | |||
| Gopal Nursing Home Services Private Limited | ₹15.69 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| Sapphire Hospitals Private Limitedthis company | ₹15.65 Cr (FY 2018) | -₹18.89 Cr | -120.6% | 44.0% | 2 | Thane, Maharashtra, India |
| Puttur City Hospital Private Limited | ₹15.63 Cr (FY 2024) | 15.0% | Puttur, Karnataka, India | |||
| Mittal Medicare and Hospital Private Limited | ₹15.58 Cr (FY 2025) | 17.0% | Dhar, Madhya Pradesh, India | |||
| Fortuna Medicare Private Limited | ₹15.53 Cr (FY 2025) | 19.0% | Narsinghpur, Madhya Pradesh, India | |||
| Jeevan Jyoti Health Services Private Limited | ₹15.52 Cr (FY 2024) | 42.0% | Pune, Maharashtra, India | |||
| Indira Gopal Institute of Medical Services Private Limited | ₹15.51 Cr (FY 2025) | -18.0% | Patna, Bihar, India |
To see the full peer comparison of Sapphire Hospitals Private Limited, buy the company report.
Auditor
Sapphire Hospitals Private Limited is audited by Madkholkar Bhave Chitale & Associates LLP for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Madkholkar Bhave Chitale & Associates LLP | FY 2018 | 116455W |
Shareholding
The shareholding of Sapphire Hospitals Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Sapphire Hospitals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Aug 2017 | 100122784 | Others | ₹9.34 Cr | Open | |
| 23 Aug 2017 | 100122786 | Others | ₹1.99 Cr | Open | |
| 23 Aug 2017 | 100122783 | Others | ₹70.83 Lakh | Open | |
| 05 Apr 2016 | 100022526 | Others | ₹4.99 Cr | Open | |
| 28 Mar 2016 | 100058720 | Kokan Merchantile Co-Operative Bank Ltd. | ₹2.5 Cr | Open |
To see the full charge records of Sapphire Hospitals Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Sapphire Hospitals Private Limited has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹20.83 Cr; the latest was in March 2016.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2015 | Funding round | ₹2.95 Cr | Investors: Walanj & Sons Holdings Private Limited , 2 individuals |
| Mar 2015 | Funding round | ₹2.7 Cr | Investors: Walanj & Sons Holdings Private Limited , an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Walanj & Sons Holdings Private Limited Seller: an individual |
| Oct 2014 | Funding round | ₹7.28 Cr | Investors: Walanj & Sons Holdings Private Limited , 3 individuals |
| May 2013 | Secondary share transfer | Undisclosed | Buyer: Risk-Care Hospital & I.C.C.U Private Limited , 2 individuals Seller: 2 individuals |
To see the full deal history of Sapphire Hospitals 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
Sapphire Hospitals Private Limited has 8 court cases on record: 8 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 1 |
| NCLT | 1 | 1 | 1 |
Cases on record (4 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Ms Transasia Bio Medicals Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by M/S. Excel Laboratory THR. Swaroop Kulkarni | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by an individual | Disposed |
To see the full case history of Sapphire 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 Sapphire Hospitals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sapphire Hospitals Private Limited has a workforce of 2 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Sapphire Hospitals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCS8030Q1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sapphire Hospitals Private Limited, buy the company report.
Recent activity
Sapphire Hospitals Private Limited has 12 board changes on record since 2007: 6 appointments and 6 cessations. The latest: Prasad Kamalakar Dharap was appointed as Irp/Rp/Liquidator on 02 Mar 2023.
18 earlier events are in the company report.
Frequently asked questions
Sapphire Hospitals is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Sapphire Hospitals is a company under insolvency, formerly operating as a private limited company based in Thane, Maharashtra, India. The company works in hospitals, within the healthcare industry. It was incorporated on 05 December 2007 and is registered under CIN U85110MH2007PTC176497. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sapphire Hospitals has 6 current directors:
- Sanjiv Waman Walanj - Managing Director
- Jaysing Khandu Salve - Director
- Surekha Jaysing Salve - Director
- Aparna Sanjeev Walanj - Director
- Atul Bhalchandra Deshpande - Director
- Prasad Kamalakar Dharap - Irp/Rp/Liquidator
The latest financial statements of Sapphire Hospitals on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sapphire Hospitals is U85110MH2007PTC176497. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sapphire Hospitals has open charges of ₹206.84 Cr and no satisfied charges on record as per latest MCA filings.
Sapphire Hospitals has 8 court cases on record: 8 filed against it. 2 are pending. Most are in the district courts.
Sapphire Hospitals was incorporated on 05 December 2007. It is registered with the Registrar of Companies, Mumbai.
Sapphire Hospitals has 7 deals on record (4 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹20.83 Cr; the latest was in March 2016.
The peers of Sapphire Hospitals by revenue are Basils India Private Limited, Brahmchaitanya Superspeciality Hospital Private Limited, Cataract and Iol Hospital Private Limited, Gopal Nursing Home Services Private Limited, Puttur City Hospital Private Limited and 4 more, all in the Healthcare industry (Multi Specialty Hospitals), with the same principal business activity (hospital activities).
Prasad Kamalakar Dharap was appointed as Irp/Rp/Liquidator on 02 Mar 2023. Sanjiv Waman Walanj ceased to be Director on 01 Oct 2015. Atul Bhalchandra Deshpande ceased to be Additional Director on 28 Sep 2013. Sapphire Hospitals has 12 board changes on record in total.
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