About VB Medicare Private Limited
Data last updated:
VB Medicare Private Limited is a private limited company based in Hosur, Tamil Nadu, India, a subsidiary of Bioplus Life Sciences Private Limited. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 19 February 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U24239TZ2004PTC028402. Its GSTIN is 33AAEFV6454D1ZA (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.66 Cr. It is led by directors Shivajiganesan Varadharajan Angarai and Vasantha Kumar Chava.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot Nos.59 61 62 63 66A&67 Sipcot Industrial Area, Phase – II Krishnagiri Road Hosur, Tamil Nadu, India – 635109.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.58 Cr, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹11.73 Cr (net margin -256%) and EBITDA of -₹9.93 Cr (EBITDA margin -216.7%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years and 17% over five years.
The company has about 82 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹60 Lakh and satisfied charges of ₹39.6 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending. The company has 5 deals on record (3 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹8 Cr; the latest was in March 2011. Its 9 peer companies in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 5 larger and 4 smaller; the largest is Ishaanav Nutraceuticals Private Limited with revenue of ₹21.09 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bioplus.in.
Company details
CIN history
VB Medicare has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U24239TZ2004PTC028402, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24239TZ2004PTC028402 | Current |
| U24239TG2004PTC042696 | Previous |
| U24239AP2004PTC042696 | Previous |
Contact details
VB Medicare Private Limited's registered office is in Hosur, Tamil Nadu. Its website is bioplus.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot Nos.59 61 62 63 66A&67 Sipcot Industrial Area, Phase – II Krishnagiri Road Hosur, Tamil Nadu, India – 635109
- IndustryPharma, Drug Formulation & Development
To see the full contact details of VB Medicare 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 VB Medicare Private Limited
FY 2025 filings availableVB Medicare Private Limited reported revenue of ₹4.58 Cr (down 78% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 78% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.58 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹9.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.73 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -216.7% | ||||
| Net Profit Margin | -256% | ||||
| 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 VB Medicare Private Limited, buy the company report.
Board of directors of VB Medicare Private Limited
VB Medicare has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivajiganesan Varadharajan Angarai | Director | 26 Mar 2012 | 14 Years 6 Months | Current |
| Vasantha Kumar Chava Also directs: Bioplus Healthcare Private Limited | Director | 28 Feb 2009 | 17 Years 7 Months | Current |
Peer comparison
VB Medicare Private Limited is compared with the 9 companies closest to it by revenue in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ishaanav Nutraceuticals Private Limited | ₹21.09 Cr (FY 2024) | 28.0% | Dehradun, Uttarakhand, India | |||
| Suvik Hitek Pvt Ltd | ₹21.09 Cr (FY 2025) | 5.0% | Ahmedabad, Gujarat, India | |||
| Msa Gujarat Molecular Imaging (India) Private Limited | ₹21.07 Cr (FY 2025) | 22.0% | Mumbai, Maharashtra, India | |||
| Kontest Chemicals Ltd | ₹21.05 Cr (FY 2025) | -5.0% | Kolkata, West Bengal, India | |||
| Sanmed Healthcare Private Limited | ₹21.05 Cr (FY 2025) | 70.0% | Hyderabad, Telangana, India | |||
| Angia RX Life Science Private Limited | ₹20.96 Cr (FY 2024) | 17.0% | Roorkee, Uttarakhand, India | |||
| Alpha-Pharma Healthcare Private Limited | ₹20.96 Cr (FY 2025) | -36.0% | Ambarnath, Maharashtra, India | |||
| Jaywin Remedies Private Limited | ₹20.94 Cr (FY 2025) | -35.0% | Ahmedabad, Gujarat, India | |||
| Bestcare Formulations Private Limited | ₹20.93 Cr (FY 2025) | 8.0% | Coimbatore, Tamil Nadu, India | |||
| VB Medicare Private Limitedthis company | ₹4.58 Cr (FY 2023) | -₹11.73 Cr | -256% | -78.0% | 82 | Hosur, Tamil Nadu, India |
To see the full peer comparison of VB Medicare Private Limited, buy the company report.
Auditor
VB Medicare Private Limited is audited by Navin Nayak & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Navin Nayak & Associates | FY 2023 | 014367S |
Shareholding
The shareholding of VB Medicare Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of VB Medicare Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jun 2017 | 100107189 | Canara Bank | ₹60 Lakh | Open | |
| 16 Jul 2007 | 10061343 | Canara Bank | ₹39.6 Cr | Satisfied |
To see the full charge records of VB Medicare Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
VB Medicare Private Limited has 5 deals on record (3 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹8 Cr; the latest was in March 2011.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2011 | Acquisition | ₹65 Cr | Buyer: Bioplus Life Sciences Private Limited |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: Bioplus Life Sciences Private Limited , Bioplus Life Sciences Private Limited & Sundeep Aurora Seller: 3 individuals |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Neha Trust, Sushma Trust |
| Sep 2006 | Secondary share transfer | Undisclosed | Buyer: Sushma Trust, Neha Trust, 2 individuals Seller: 2 individuals |
To see the full deal history of VB Medicare 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
VB Medicare Private Limited has 4 court cases on record: 2 filed by VB Medicare, 2 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Krishnagiri, Tamil Nadu | Court case (COS) | Filed against the company by DSV Air and Sea Private Limited | Pending |
| District court, Rangareddy, Telangana | Execution petition | Filed by the company against Ms Liquors India Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Aic Enterprises | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against Official Liquidator | Disposed |
To see the full case history of VB Medicare 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 VB Medicare Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
VB Medicare Private Limited has a workforce of 82 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
VB Medicare has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAEFV6454D1ZA | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VB Medicare Private Limited, buy the company report.
Recent activity
VB Medicare Private Limited has 8 board changes on record since 2008: 2 appointments and 6 cessations. The latest: Sanghamitra Sarangi ceased to be Company Secretary on 01 Jul 2020.
3 earlier events are in the company report.
Frequently asked questions
VB Medicare is an active private limited company based in Hosur, Tamil Nadu, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 19 February 2004 (22+ years old) and is registered under CIN U24239TZ2004PTC028402.
VB Medicare has 2 current directors:
- Shivajiganesan Varadharajan Angarai - Director
- Vasantha Kumar Chava - Director
The latest financial statements of VB Medicare on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of VB Medicare is 33AAEFV6454D1ZA, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of VB Medicare is U24239TZ2004PTC028402. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VB Medicare has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
VB Medicare was incorporated on 19 February 2004, making it 22+ years old. It is registered with the Registrar of Companies, Coimbatore.
VB Medicare has 5 deals on record (3 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹8 Cr; the latest was in March 2011.
The peers of VB Medicare by revenue are Ishaanav Nutraceuticals Private Limited, Suvik Hitek Pvt Ltd, Msa Gujarat Molecular Imaging (India) Private Limited, Kontest Chemicals Ltd, Sanmed Healthcare Private Limited and 4 more, all in the Pharma industry (Formulations), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Sanghamitra Sarangi ceased to be Company Secretary on 01 Jul 2020. Yuk Mui Theresa Chung ceased to be Nominee Director on 05 Jan 2013. Shivajiganesan Varadharajan Angarai ceased to be Additional Director on 24 Sep 2012. VB Medicare has 8 board changes on record in total.
VB Medicare can be reached through the website bioplus.in. Its registered office is in Hosur, Tamil Nadu, India.