About Vascular Concepts Limited
Data last updated:
Vascular Concepts Limited was a public limited company based in Surat, Gujarat, India, operated as a subsidiary of Sahajanand Medical Technologies Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the musical instrument segment of the musical instruments sector. It was incorporated on 25 May 1992.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U33119GJ1992PLC141664. Its GSTIN is 24AAACM8353R1ZX (Gujarat). The company held 19 GST registrations, of which 17 are active.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.58 Cr. It was formerly known as Medical Concepts Bangalore Private Limited and Vascular Concepts Private Limited. It was led by directors including Ganesh Prasad Sabat and Bhargav Dhirajlal Kotadia.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Surat, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.93 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹2.31 Cr (net margin -7.7%) and EBITDA of ₹30 Lakh (EBITDA margin 1%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 22% over five years.
The company had about 8 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹24 Cr on record. Court records list 12 cases involving the company, including 12 filed by the company; 2 cases are pending.
The last known website on record is vascularconcepts.com.
Company details
Name history
Vascular Concepts has undergone 2 name changes throughout its history. The company was previously known as Medical Concepts Bangalore Private Limited, and Vascular Concepts Private Limited. The current legal name is Vascular Concepts Limited.
| Company Name | Status |
|---|---|
| Vascular Concepts Limited | Current |
| Medical Concepts Bangalore Private Limited | Previous |
| Vascular Concepts Private Limited | Previous |
CIN history
Vascular Concepts has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U33119GJ1992PLC141664, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U33119GJ1992PLC141664 | Current |
| U33119DL2005PTC141596 | Previous |
| U33119DL2005PLC141596 | Previous |
| U33119DL1992PLC141596 | Previous |
Contact details
Vascular Concepts Limited's registered office is in Surat, Gujarat. Its website is vascularconcepts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSahajanand Estate Wakharia Wadi, Nr. Dabholi Char Rasta Nani Ved Road, Surat, Gujarat, India – 395004
- IndustryMusical Instruments, Musical Instrument, Manufacturing, Sports Goods, Jewellery
To see the full contact details of Vascular Concepts 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 Vascular Concepts Limited
FY 2024 filings availableVascular Concepts Limited reported revenue of ₹29.93 Cr (down 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 16% fall in the latest year. EBITDA fell 69% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹29.93 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹30 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.31 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | -7.7% | ||||
| 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 Vascular Concepts Limited, buy the company report.
Board of directors of Vascular Concepts Limited
Vascular Concepts has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Prasad Sabat | Director | 22 May 2020 | 6 Years 5 Months | As last reported |
| Bhargav Dhirajlal Kotadia | Director | 22 May 2020 | 6 Years 5 Months | As last reported |
| Amod Vijay Bhave | Director | 22 May 2020 | 6 Years 5 Months | As last reported |
Auditor
Vascular Concepts Limited is audited by SVR & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SVR & Associates | FY 2024 | 003767S |
Shareholding
The shareholding of Vascular Concepts Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vascular Concepts Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Dec 1996 | 80022358 | State Bank of India | ₹24 Cr | Satisfied |
To see the full charge records of Vascular Concepts Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Vascular Concepts Limited has 12 court cases on record: 12 filed by Vascular Concepts. 2 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 5 | 0 | 0 |
| High courts | 4 | 0 | 2 |
| District courts | 3 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Indore | Insolvency matter | Filed by the company against Greater Kailash Hospitals Privatelimited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Greater Kailash Hospitals Pvt. Ltd., and Others and 2 others | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against Yogeshwar Healthcare Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Varad Technologies Pvt Ltd | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The Commissioner Food and Drug Administration Bandra-Kurla Complex | Pending |
To see the full case history of Vascular Concepts 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.
Credit ratings & regulatory alerts
Vascular Concepts Limited was last rated by Care on 16 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 16 Sep 2021 |
To see the full credit ratings and regulatory alerts of Vascular Concepts Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vascular Concepts Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vascular Concepts Limited has a workforce of 8 employees on its EPFO records as of Feb 14, 2025, across 1 active EPFO establishment.
GST
Vascular Concepts has 19 GST registrations: 17 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACM8353R1ZX | Gujarat | Active | 01 Jul 2017 |
| 03AAACM8353R1Z1 | Punjab | Active | 01 Jul 2017 |
| 04AAACM8353R1ZZ | Chandigarh | Active | 01 Jul 2017 |
| 07AAACM8353R1ZT | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vascular Concepts Limited, buy the company report.
Recent activity
Vascular Concepts Limited has 13 board changes on record since 2010: 3 appointments and 10 cessations. The latest: Amod Vijay Bhave ceased to be Additional Director on 31 Dec 2020.
7 earlier events are in the company report.
Frequently asked questions
Vascular Concepts has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Vascular Concepts was a public limited company based in Surat, Gujarat, India. The company worked in musical instrument, within the musical instruments industry. It was incorporated on 25 May 1992 and is registered under CIN U33119GJ1992PLC141664. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Vascular Concepts was incorporated on 25 May 1992. It is registered with the Registrar of Companies, Ahmedabad.
Vascular Concepts had 3 directors:
- Ganesh Prasad Sabat - Director
- Bhargav Dhirajlal Kotadia - Director
- Amod Vijay Bhave - Director
The CIN (Corporate Identification Number) of Vascular Concepts is U33119GJ1992PLC141664. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Vascular Concepts is at Sahajanand Estate Wakharia Wadi, Nr. Dabholi Char Rasta Nani Ved Road, Surat, Gujarat, India – 395004.
Vascular Concepts can be reached through the website vascularconcepts.com. Its registered office is in Surat, Gujarat, India.
The latest financial statements of Vascular Concepts on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vascular Concepts is 24AAACM8353R1ZX, registered in Gujarat. The company has 19 GST registrations in all, of which 17 are active and 2 are cancelled or inactive. Other active GSTINs include 03AAACM8353R1Z1 (Punjab), 04AAACM8353R1ZZ (Chandigarh), 07AAACM8353R1ZT (Delhi).
Vascular Concepts operated in the musical instruments industry, in the musical instrument segment.
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