About Threpsi Solutions Private Limited
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Threpsi Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Api Holdings Limited. It operates in the online healthcare product retail segment of the e-commerce sector. It was incorporated on 01 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2019PTC320524. Its GSTIN is 27AAHCT1527F1ZG (Maharashtra). The company holds 20 GST registrations, of which 18 are active.
The company has an authorised share capital of ₹72.82 Cr and a paid-up capital of ₹59.28 Cr. It is led by directors including Uday Patel Kadam (Whole-Time Director) and Shrey Mittal.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹650.92 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹551.95 Cr (net margin -84.8%) and EBITDA of -₹179.57 Cr (EBITDA margin -27.6%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years.
The company has about 655 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: PharmEasy. As per MCA filings, the company has open charges of ₹100 Cr and satisfied charges of ₹2,519 Cr on record. Court records list 13 cases involving the company, including 8 filed by the company and 4 filed against it; 5 cases are pending. The company has 3 deals on record (1 convertible or debt financing, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹350.59 Cr; the latest was in January 2022. Its 8 peer companies in the Ecommerce and Internet industry (Healthcare Products) are compared by revenue, 3 larger and 5 smaller; the largest is Boston Ivy Healthcare Solutions Private Limited with revenue of ₹1,406.95 Cr. The company has 15 MSME Form 1 returns on record between 2020 and 2024, listing 2,797 overdue payments to 241 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 pharmeasy.in.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered Address1st Floor E – Shape Building Ashok Silk Mills Compound 202 L.B.S Marg Ghatkopar (We, St), Mumbai, Maharashtra, India – 400086
- IndustryE-Commerce, Online Healthcare Product Retail
- 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
- One PDF report, delivered after checkout
Associated Brands with Threpsi Solutions Private Limited
Threpsi Solutions operates one associated brand: PharmEasy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of an online pharmacy and healthcare platforms | pharmeasy.in |
Business Activity of Threpsi Solutions Private Limited
The main business activity of Threpsi Solutions is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Threpsi Solutions Private Limited FY 2025 filings available
Threpsi Solutions Private Limited reported revenue of ₹650.92 Cr (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Threpsi Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 31% over three years, including a 17% fall in the latest year. EBITDA rose 31% 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 of Threpsi Solutions Private Limited
| 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 | -₹179.57 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹551.95 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 of Threpsi Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -27.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -84.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Threpsi Solutions are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Threpsi Solutions Private Limited
Threpsi Solutions has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajaganesan Rajbalaji | Additional Director | 01 Dec 2025 | 0 Years 10 Months | Current |
| Uday Patel Kadam Also directs: Mahaveer Medi-Sales Private Limited, Shreeji Distributors Pharma Private Limited, Akna Medical Private Limited and 5 more | Whole-Time Director | 01 Sep 2025 | 1 Years 1 Months | Current |
| Shrey Mittal | Director | 18 Dec 2024 | 1 Years 10 Months | Current |
| Kalpana Srinivasan Also directs: Akp Healthcare Private Limited, Mahaveer Medi-Sales Private Limited, Aryan Wellness Private Limited and 5 more | Director | 23 Apr 2024 | 2 Years 5 Months | Current |
Peer Comparison of Threpsi Solutions Private Limited
Threpsi Solutions Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Healthcare Products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Boston Ivy Healthcare Solutions Private Limited | ₹1,406.95 Cr (FY 2024) | •••• | •••• | 48.0% | •••• | Mumbai, Maharashtra, India |
| Health X Platform Limited Listed | ₹1,170.8 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Kolkata, West Bengal, India |
| Emami Frank Ross Limited | ₹670.84 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Kolkata, West Bengal, India |
| Threpsi Solutions Private Limited this company | ₹650.92 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Mumbai, Maharashtra, India |
| Ultrahuman Healthcare Private Limited | ₹580.79 Cr (FY 2025) | •••• | •••• | 436.0% | •••• | Bangalore, Karnataka, India |
| Tynor Orthotics Private Limited | ₹475.57 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Mohali, Punjab, India |
| D.R. Distributors Private Limited | ₹437.62 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | New Delhi, Delhi, India |
| Satiya Nutraceuticals Private Limited | ₹436.33 Cr (FY 2025) | •••• | •••• | 175.0% | •••• | Thane, Maharashtra, India |
| Medlife International Private Limited | ₹382.82 Cr (FY 2021) | •••• | •••• | -17.0% | •••• | Patna, Bihar, India |
Peers are the five companies nearest above and the five nearest below Threpsi Solutions by revenue in the Ecommerce and Internet industry (Healthcare Products), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Threpsi Solutions Private Limited
Threpsi Solutions Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Threpsi Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Threpsi Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jun 2022 | Standard Chartered Bank | ₹100 Cr | Satisfied |
| 24 Aug 2021 | Others | ₹1,929 Cr | Satisfied |
| 24 Aug 2021 | Others | ₹490 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Threpsi Solutions Private Limited
Threpsi Solutions Private Limited has 3 deals on record (1 convertible or debt financing, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹350.59 Cr; the latest was in January 2022.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Rights issue | ₹1.24 Cr | Investors: Api Holdings Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Api Holdings Limited , Api Holdings Limited & Dhaval Shah Seller: 2 individuals |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Threpsi Solutions Private Limited
Threpsi Solutions Private Limited has 13 court cases on record: 8 filed by Threpsi Solutions, 4 filed against it, 1 where it is another party. 5 cases are pending and 8 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 1 | 3 |
| District courts | 4 | 3 | 2 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Nureca Limited | Pending |
| District court, South East, Delhi | Commercial suit | Filed against the company by Ar Kay Medicos Private Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Assistant Commissioner of Income Tax Circle 14 1 2 Mumbai and 2 Ors | Pending |
| District court, Jaipur Metro I, Rajasthan | Court case (Rent Case) | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (COMIP) | Company is another party | Pending |
Full case history
All 13 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Threpsi Solutions Private Limited
Threpsi Solutions Private Limited has 15 MSME Form 1 returns on record between 2020 and 2024, listing 2,797 overdue payments to 241 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 241)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Soothe Healthcare Private Limited | •••• | •••• | •••• |
| Percos India Private Limited | •••• | •••• | •••• |
| Medi 365 LLP | •••• | •••• | •••• |
| Bala Plastic Industries | •••• | •••• | •••• |
| Beyondid Managed Services India Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 15 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Threpsi Solutions Private Limited
Threpsi Solutions Private Limited has a workforce of 655 employees as of Aug 27, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Threpsi Solutions Private Limited
Threpsi Solutions Private Limited has 14 board changes on record since 2019: 9 appointments and 5 cessations. The latest: Rajaganesan Rajbalaji was appointed as Additional Director on 01 Dec 2025.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Threpsi Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Threpsi Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Threpsi Solutions Private Limited
Threpsi Solutions has 20 GST registrations: 18 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCT1527F1ZG | Maharashtra | Active | 02 Jul 2020 |
| 19AAHCT1527F1ZD | West Bengal | Active | 29 Jun 2020 |
| 29AAHCT1527F1ZC | Karnataka | Active | 07 Jul 2020 |
| 07AAHCT1527F1ZI | Delhi | Active | 09 Jul 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Threpsi Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Threpsi Solutions Private Limited
Threpsi Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in online healthcare product retail, within the e-commerce industry. It was incorporated on 01 February 2019 (7+ years old) and is registered under CIN U74999MH2019PTC320524.
Threpsi Solutions reported revenue of ₹650.92 Cr for FY 2025 (down 17% YoY).
Threpsi Solutions has 4 current directors:
- Uday Patel Kadam - Whole-Time Director
- Rajaganesan Rajbalaji - Additional Director
- Shrey Mittal - Director
- Kalpana Srinivasan - Director
Threpsi Solutions reported a net loss of ₹551.95 Cr (net margin -84.8%) and EBITDA of -₹179.57 Cr (EBITDA margin -27.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Threpsi Solutions is -31% over three years. In the latest year (FY 2025) revenue fell 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Threpsi Solutions is 27AAHCT1527F1ZG, registered in Maharashtra. The company has 20 GST registrations in all, of which 18 are active and 2 are cancelled or inactive. Other active GSTINs include 19AAHCT1527F1ZD (West Bengal), 29AAHCT1527F1ZC (Karnataka), 07AAHCT1527F1ZI (Delhi).
The CIN (Corporate Identification Number) of Threpsi Solutions is U74999MH2019PTC320524. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Threpsi Solutions has 13 court cases on record: 8 filed by the company and 4 filed against it. 5 are pending. Most are in the high courts.
Threpsi Solutions was incorporated on 01 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Threpsi Solutions has 3 deals on record (1 convertible or debt financing, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹350.59 Cr; the latest was in January 2022.
The peers of Threpsi Solutions by revenue are Boston Ivy Healthcare Solutions Private Limited, Health X Platform Limited, Emami Frank Ross Limited, Ultrahuman Healthcare Private Limited, Tynor Orthotics Private Limited and 3 more, all in the Ecommerce and Internet industry (Healthcare Products).
Rajaganesan Rajbalaji was appointed as Additional Director on 01 Dec 2025. Dhiraj Jain ceased to be Managing Director on 07 Oct 2025. Uday Patel Kadam was appointed as Whole-Time Director on 01 Sep 2025. Threpsi Solutions has 14 board changes on record in total.