About Spey Medical Private Limited
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Spey Medical Private Limited is a private limited company based in Bhorakalan, Haryana, India, a subsidiary of Abstragan Holding Limited. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 18 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909HR2011PTC127343. Its GSTIN is 07AAQCS3367K1ZP (Delhi). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹89.22 Cr. It is led by directors including Zafarkhon Mirzoev and Ilkhomzhon Mirzoev.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bhorakalan, Haryana.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.33 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹2.24 Cr (net margin 9.2%) and EBITDA of ₹3.11 Cr (EBITDA margin 12.8%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 3% over five years.
The company has about 102 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹8.5 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 spey.in.
Company details
CIN history
Spey Medical has one previous CIN (Corporate Identification Number): U51909DL2011PTC223885. The current CIN is U51909HR2011PTC127343, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909HR2011PTC127343 | Current |
| U51909DL2011PTC223885 | Previous |
Contact details
Spey Medical Private Limited's registered office is in Bhorakalan, Haryana.
- Registered AddressUnit No.1106 11th Floor Imperia Mindspace, Golf Course Ext. Roadsec.62 Maidawas, Bhorakalan, Haryana, India – 122413
- 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
Business activity
The main business activity of Spey Medical is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Spey Medical Private Limited, buy the company report.
Financials of Spey Medical Private Limited
FY 2024 filings availableSpey Medical Private Limited reported revenue of ₹24.33 Cr (down 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 30% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 71% 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 | ₹3.11 Cr | ||||
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| Net Profit (PAT) | ₹2.24 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 | 12.8% | ||||
| Net Profit Margin | 9.2% | ||||
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To see the full financial statements and ratios of Spey Medical Private Limited, buy the company report.
Board of directors of Spey Medical Private Limited
Spey Medical has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Zafarkhon Mirzoev Also directs: Evolet Healthcare Private Limited, Evolet Private Limited | Director | 19 Jan 2012 | 14 Years 9 Months | Current |
| Ilkhomzhon Mirzoev Also directs: Evolet Pharmaceuticals Private Limited | Director | 16 May 2016 | 10 Years 5 Months | Current |
| Sadullo Abdulloev Also directs: Evolet Healthcare Private Limited, Evolet Private Limited, Neo Universe Pharmaceuticals Private Limited and 2 more | Director | 18 Aug 2011 | 15 Years 2 Months | Current |
| Abdullo Bobonazarov | Director | 16 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Spey Medical Private Limited is compared with the 6 companies closest to it by revenue in the Pharma industry (Pharma Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Plasoron Biotech Private Limited | ₹24.46 Cr (FY 2024) | 38.0% | Delhi, India | |||
| Vega Health Care Pvt.Ltd. | ₹24.41 Cr (FY 2025) | -5.0% | Haryana, India | |||
| Shri Ganesh Associates Pharmaceuticals Private Limited | ₹24.38 Cr (FY 2025) | 22.0% | Chennai, Tamil Nadu, India | |||
| Spey Medical Private Limitedthis company | ₹24.33 Cr (FY 2025) | ₹2.24 Cr | 9.2% | -30.0% | Bhorakalan, Haryana, India | |
| Namanidhi Pharmaceutical Private Limited | ₹24.15 Cr (FY 2024) | 31.0% | Ahmedabad, Gujarat, India | |||
| Friends Medicos Private Limited | ₹24.04 Cr (FY 2025) | 22.0% | Delhi, India | |||
| Unitas Pharmaceuticals Private Limited | ₹24.02 Cr (FY 2025) | 78.0% | New Delhi, Delhi, India |
To see the full peer comparison of Spey Medical Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 May 2024 | 100925279 | Hdfc Bank Limited | ₹8.5 Cr | Satisfied |
To see the full charge records of Spey Medical Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Spey Medical 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
Spey Medical Private Limited has 4 MSME Form 1 returns on record between 2019 and 2020, listing 33 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Raj Pharmacetucals Company | |||
| Rkca Corporate Advisory Private Limited | |||
| Evolet Pharmaceuticals Private Limited | |||
| Sugam Parivahan Private Limited |
To see the full MSME payment records of Spey Medical Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Spey Medical has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAQCS3367K1ZP | Delhi | Active | 01 Jul 2017 |
| 09AAQCS3367K1ZL | Uttar Pradesh | Active | 01 Jul 2017 |
| 10AAQCS3367K1Z2 | Bihar | Active | 01 Jul 2017 |
| 23AAQCS3367K1ZV | Madhya Pradesh | Active | 10 May 2018 |
To see the full GST registrations and return filing status of Spey Medical Private Limited, buy the company report.
Recent activity
Spey Medical Private Limited has 12 board changes on record since 2011: 4 appointments and 8 cessations. The latest: Abdullo Bobonazarov ceased to be Additional Director on 29 Sep 2025.
5 earlier events are in the company report.
Frequently asked questions
Spey Medical is an active private limited company based in Bhorakalan, Haryana, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 18 August 2011 (15+ years old) and is registered under CIN U51909HR2011PTC127343.
Spey Medical has 4 current directors:
- Zafarkhon Mirzoev - Director
- Ilkhomzhon Mirzoev - Director
- Sadullo Abdulloev - Director
- Abdullo Bobonazarov - Director
The latest financial statements of Spey Medical on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Spey Medical is 07AAQCS3367K1ZP, registered in Delhi. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 09AAQCS3367K1ZL (Uttar Pradesh), 10AAQCS3367K1Z2 (Bihar), 23AAQCS3367K1ZV (Madhya Pradesh).
The CIN (Corporate Identification Number) of Spey Medical is U51909HR2011PTC127343. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spey Medical was incorporated on 18 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Spey Medical by revenue are Plasoron Biotech Private Limited, Vega Health Care Pvt.Ltd, Shri Ganesh Associates Pharmaceuticals Private Limited, Namanidhi Pharmaceutical Private Limited, Friends Medicos Private Limited and 1 more, all in the Pharma industry (Pharma Retail and Distribution), with the same principal business activity (wholesale trading).
Abdullo Bobonazarov ceased to be Additional Director on 29 Sep 2025. Abdullo Bobonazarov was appointed as Director on 16 Jul 2025. Manisha Mahana ceased to be Company Secretary on 05 Mar 2024. Spey Medical has 12 board changes on record in total.
Spey Medical has 4 MSME Form 1 returns on record between 2019 and 2020, listing 33 overdue payments to 8 micro and small suppliers. The latest return was filed on 07 Jul 2020.
Spey Medical can be reached through the website spey.in. Its registered office is in Bhorakalan, Haryana, India.
The registered office of Spey Medical is at Unit No.1106 11th Floor Imperia Mindspace, Golf Course Ext. Roadsec.62 Maidawas, Bhorakalan, Haryana, India – 122413.
Spey Medical operates in the pharma industry, in the pharmaceutical retailers and distributors segment.
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