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 5 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 3 peer companies in the Ecommerce and Internet industry (Healthcare Products), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 2 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.
Company details
Contact details
Threpsi Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Threpsi Solutions 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
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
The main business activity of Threpsi Solutions 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 Threpsi Solutions Private Limited, buy the company report.
Financials of Threpsi Solutions Private Limited
FY 2025 filings availableThrepsi Solutions Private Limited reported revenue of ₹650.92 Cr (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹179.57 Cr | ||||
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| Net Profit (PAT) | -₹551.95 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -27.6% | ||||
| Net Profit Margin | -84.8% | ||||
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To see the full financial statements and ratios of Threpsi Solutions Private Limited, buy the company report.
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 6 Months | Current |
Peer comparison
Threpsi Solutions Private Limited is compared with the 3 companies closest to it by revenue in the Ecommerce and Internet industry (Healthcare Products), 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 |
|---|---|---|---|---|---|---|
| Boston Ivy Healthcare Solutions Private Limited | ₹1,406.95 Cr (FY 2024) | 48.0% | Mumbai, Maharashtra, India | |||
| Threpsi Solutions Private Limitedthis company | ₹650.92 Cr (FY 2025) | -₹551.95 Cr | -84.8% | -17.0% | 655 | Mumbai, Maharashtra, India |
| D.R. Distributors Private Limited | ₹437.62 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Medlife International Private Limited | ₹382.82 Cr (FY 2021) | -17.0% | Patna, Bihar, India |
To see the full peer comparison of Threpsi Solutions Private Limited, buy the company report.
Auditor
Threpsi Solutions Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Threpsi Solutions Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Threpsi Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2022 | 100590623 | Standard Chartered Bank | ₹100 Cr | Satisfied | |
| 24 Aug 2021 | 100480630 | Others | ₹1,929 Cr | Satisfied | |
| 24 Aug 2021 | 100480631 | Others | ₹490 Cr | Satisfied |
To see the full charge records of Threpsi Solutions Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
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 |
To see the full deal history of Threpsi Solutions 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
Threpsi Solutions Private Limited has 13 court cases on record: 8 filed by Threpsi Solutions, 5 filed against it. 5 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 2 | 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 Ltd | Pending |
| High Court, MAHARASHTRA | Court case (COMIP) | Filed against the company by Kanam Latex Industries Pvt Ltd | Pending |
| District court, South East, Delhi | Commercial suit | Filed against the company by Ar Kay Medicos Private Limited | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Medlife International Pvt Ltd., and 12 others | 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 |
To see the full case history of Threpsi Solutions 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
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 |
To see the full MSME payment records of Threpsi Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Threpsi Solutions Private Limited has a workforce of 655 employees on its EPFO records as of Aug 27, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Threpsi Solutions Private Limited, buy the company report.
Recent activity
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 in the company report.
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Frequently asked questions
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 has 4 current directors:
- Uday Patel Kadam - Whole-Time Director
- Rajaganesan Rajbalaji - Additional Director
- Shrey Mittal - Director
- Kalpana Srinivasan - Director
The latest financial statements of Threpsi Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from FY 2019 are in the company report.
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 5 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, D.R. Distributors Private Limited, Medlife International Private Limited, all in the Ecommerce and Internet industry (Healthcare Products), with the same principal business activity (wholesale trading).
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.
Threpsi Solutions has 15 MSME Form 1 returns on record between 2020 and 2024, listing 2,797 overdue payments to 241 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Threpsi Solutions can be reached through the website pharmeasy.in. Its registered office is in Mumbai, Maharashtra, India.