About Way 2 Health Diagnostics Private Limited
Data last updated:
Way 2 Health Diagnostics Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the diagnostic centers and pathology labs segment of the healthcare sector. It was incorporated on 10 February 2014.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85190MH2014PTC253002. Its GSTIN is 27AABCW5192K2ZU (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.12 Cr. It is led by directors Rachna Manish Tardeja and Manish Nandlal Tardeja.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Shop No 3 & 4 Ground Floor Om Neelkanth Chs Plot No 31 Sector 42A Seawoods Nerul, Navi Mumbai, Maharashtra, India – 400706.
As per the financials filed for FY 2017, the company reported a revenue of ₹8.44 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹11.66 Lakh (net margin 1.4%) and EBITDA of ₹1.41 Cr (EBITDA margin 16.7%).
The company has about 76 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Way2Health Diagnostics. As per MCA filings, the company has open charges of ₹4.67 Cr on record. Court records list 17 cases involving the company, including 1 filed by the company and 16 filed against it; 3 cases are pending.
The last known website on record is way2healthindia.com.
Company details
Contact details
Way 2 Health Diagnostics Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is way2healthindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressShop No 3 & 4 Ground Floor Om Neelkanth Chs Plot No 31 Sector 42A Seawoods Nerul, Navi Mumbai, Maharashtra, India – 400706
- IndustryHealthcare, Diagnostic Centers & Pathology Labs
To see the full contact details of Way 2 Health Diagnostics 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
Way 2 Health Diagnostics operates one associated brand: Way2Health Diagnostics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Chain of pathology and imaging diagnostic centers | way2healthindia.com |
Business activity
The main business activity of Way 2 Health Diagnostics is hospital and medical care. In detail, this covers other hospital and medical care activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities |
To see the full business activity and turnover split of Way 2 Health Diagnostics Private Limited, buy the company report.
Financials of Way 2 Health Diagnostics Private Limited
FY 2017 filings availableWay 2 Health Diagnostics Private Limited reported revenue of ₹8.44 Cr (up 32% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 32% in the latest year. EBITDA rose 65% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹8.44 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.41 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹11.66 Lakh | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 16.7% | ||
| Net Profit Margin | 1.4% | ||
| 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 Way 2 Health Diagnostics Private Limited, buy the company report.
Board of directors of Way 2 Health Diagnostics Private Limited
Way 2 Health Diagnostics has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rachna Manish Tardeja | Director | 20 Jul 2014 | 12 Years 3 Months | As last reported |
| Manish Nandlal Tardeja | Director | 10 Feb 2014 | 12 Years 9 Months | As last reported |
Peer comparison
Way 2 Health Diagnostics Private Limited is compared with the 4 companies closest to it by revenue in the Healthcare industry (Diagnostics and Pathology Labs), with the same principal business activity (other hospital and medical care activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ats Genetech Private Limited | ₹8.52 Cr (FY 2024) | 29.0% | Hyderabad, Telangana, India | |||
| Way 2 Health Diagnostics Private Limitedthis company | ₹8.44 Cr (FY 2017) | ₹11.66 Lakh | 1.4% | 32.0% | 76 | Navi Mumbai, Maharashtra, India |
| PMK Scans & Labs Private Limited | ₹8.34 Cr (FY 2025) | 36.0% | Hosur, Tamil Nadu, India | |||
| Total X-Ray and Lab Solutions Private Limited | ₹8.26 Cr (FY 2024) | 61.0% | Mysore, Karnataka, India | |||
| Suraksha Diagnostic & Eye Centre Private Limited | ₹8.19 Cr (FY 2024) | -5.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Way 2 Health Diagnostics Private Limited, buy the company report.
Shareholding
The shareholding of Way 2 Health Diagnostics Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Way 2 Health Diagnostics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2018 | 100286130 | Others | ₹65.92 Lakh | Open | |
| 28 Jul 2016 | 100059057 | Yes Bank Limited | ₹49.41 Lakh | Open | |
| 28 May 2016 | 100033068 | Others | ₹35 Lakh | Open | |
| 21 Jan 2016 | 10618421 | Yes Bank Limited | ₹1.32 Cr | Open | |
| 01 Oct 2014 | 10532153 | Bank of India | ₹1.85 Cr | Open |
Total charge records: 5 View all charges
Legal cases
Way 2 Health Diagnostics Private Limited has 17 court cases on record: 1 filed by Way 2 Health Diagnostics, 16 filed against it. 3 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 13 | 3 |
| High courts | 3 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Neogrowth Credit Pvt. Ltd. | Disposed |
| District court, Vadodara, Gujarat | Criminal complaint | Filed against the company by Epimoney Private Limited - Nayna Ashokbhai Parmar | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by PNB Housing Finance Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by an individual | Pending |
To see the full case history of Way 2 Health Diagnostics 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 Way 2 Health Diagnostics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Way 2 Health Diagnostics Private Limited has a workforce of 76 employees on its EPFO records as of Dec 2016, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2016-17 | 76 |
| FY 2015-16 | |
| FY 2014-15 |
To see the full employee and EPFO history of Way 2 Health Diagnostics Private Limited, buy the company report.
GST
Way 2 Health Diagnostics has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCW5192K2ZU | Maharashtra | Active | 21 Dec 2020 |
To see the full GST registrations and return filing status of Way 2 Health Diagnostics Private Limited, buy the company report.
Recent activity
Way 2 Health Diagnostics Private Limited has 11 board changes on record since 2014: 2 appointments and 9 cessations. The latest: Ajit Bhujangrao Shinde ceased to be Director on 05 Apr 2019.
7 earlier events are in the company report.
Frequently asked questions
Way 2 Health Diagnostics is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Way 2 Health Diagnostics is a company under liquidation, formerly operating as a private limited company based in Navi Mumbai, Maharashtra, India. The company works in diagnostic centers and pathology labs, within the healthcare industry. It was incorporated on 10 February 2014 and is registered under CIN U85190MH2014PTC253002. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Way 2 Health Diagnostics has 2 current directors:
- Rachna Manish Tardeja - Director
- Manish Nandlal Tardeja - Director
The latest financial statements of Way 2 Health Diagnostics on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Way 2 Health Diagnostics is U85190MH2014PTC253002. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Way 2 Health Diagnostics has open charges of ₹4.67 Cr and no satisfied charges on record as per latest MCA filings.
Way 2 Health Diagnostics has 17 court cases on record: 1 filed by the company and 16 filed against it. 3 are pending. Most are in the district courts.
Way 2 Health Diagnostics was incorporated on 10 February 2014. It is registered with the Registrar of Companies, Mumbai.
The peers of Way 2 Health Diagnostics by revenue are Ats Genetech Private Limited, PMK Scans & Labs Private Limited, Total X-Ray and Lab Solutions Private Limited, Suraksha Diagnostic & Eye Centre Private Limited, all in the Healthcare industry (Diagnostics and Pathology Labs), with the same principal business activity (other hospital and medical care activities).
Ajit Bhujangrao Shinde ceased to be Director on 05 Apr 2019. Hitesh Dattatray Pagare ceased to be Director on 25 Mar 2019. Siddharth Bhaskar Peshattiwar ceased to be Director on 22 Jan 2019. Way 2 Health Diagnostics has 11 board changes on record in total.
Way 2 Health Diagnostics can be reached through the website way2healthindia.com. Its registered office is in Navi Mumbai, Maharashtra, India.
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