Wellspring Healthcare Private Limited

Wellspring Healthcare Private Limited - healthcare in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U85100MH2010PTC201617 Incorporated 03 April 2010 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company healthcare MSME · Medium
Data last updated
Revenue · FY 2023
₹120.99 Cr
▼ 5% YoY
Net profit · FY 2023
₹5.52 Cr
Net margin 4.6%
EBITDA · FY 2023
₹12.17 Cr
EBITDA margin 10.1%
Authorised capital
₹7.93 Cr
Registered with MCA
Paid-up capital
₹5.75 Cr
Issued & subscribed
Open charges
₹50 Cr
Satisfied ₹71.88 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
3
Provident fund records

About Wellspring Healthcare Private Limited

Data last updated:

Wellspring Healthcare Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the preventive healthcare segment of the healthcare sector. It was incorporated on 03 April 2010 and has been in existence for over 16 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85100MH2010PTC201617. Its GSTIN is 27AAACW9495Q1Z6 (Maharashtra). The company holds 3 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹7.93 Cr and a paid-up capital of ₹5.75 Cr. It is led by directors including Kishori Singhal and Nathan Allen Mclemore.

Its last annual general meeting (AGM) was held on 13 February 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Forbes Building 5th Floor (East Wing) Charanjit Rai Marg Fort, Mumbai, Maharashtra, India – 400001.

As per the financials filed for FY 2023, the company reported a revenue of ₹120.99 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹5.52 Cr (net margin 4.6%) and EBITDA of ₹12.17 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 18% over five years.

The company has about 3 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Healthspring. As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹71.88 Cr on record. Court records list 44 cases involving the company, including 3 filed by the company and 41 filed against it; 29 cases are pending. The company has 24 deals on record (9 funding rounds, 9 secondary share transfers, 6 convertible or debt financings), with disclosed funding of ₹441.19 Cr; the latest was in December 2023. Its 3 peer companies in the Healthcare industry (Preventive Healthcare Services), with the same principal business activity (other hospital and medical care activities) are compared by revenue, 2 larger and 1 smaller; the largest is Coloplast (India) Private Limited with revenue of ₹134.33 Cr. The company has 15 MSME Form 1 returns on record between 2018 and 2022, listing 436 overdue payments to 39 micro and small suppliers.

Wellspring Healthcare Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0058910). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website healthspring.in.

Company details

CIN U85100MH2010PTC201617
Registration Number 201617
Incorporation Date 03 April 2010
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 13 February 2024
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0058910
Key People
Gautam Bakshi Nominee Director Kishori Singhal Director Nathan Allen Mclemore Director

Recognitions & Rankings of Wellspring Healthcare

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-MH-19-0058910

Contact details

Wellspring Healthcare Private Limited's registered office is in Mumbai, Maharashtra. Its website is healthspring.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    healthspring.in
  • Social Media
  • Registered Address
    Forbes Building 5th Floor (East Wing) Charanjit Rai Marg Fort, Mumbai, Maharashtra, India – 400001
  • Industry
    Healthcare, Preventive Health Services

To see the full contact details of Wellspring Healthcare Private Limited, buy the company report.

Comprehensive company report
Wellspring Healthcare Private Limited - one report that includes everything
  • 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
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Brands

Wellspring Healthcare operates one associated brand: Healthspring. Each brand links to its own profile.

BrandDescriptionWebsite
Healthspring
Comprehensive healthcare is delivered via a chain of general clinics.healthspring.in

Business activity

The main business activity of Wellspring Healthcare is hospital and medical care. In detail, this covers other hospital and medical care activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
QHospital and Medical CareQ6Other Hospital and Medical Care Activities

To see the full business activity and turnover split of Wellspring Healthcare Private Limited, buy the company report.

Financials of Wellspring Healthcare Private Limited

FY 2023 filings available

Wellspring Healthcare Private Limited reported revenue of ₹120.99 Cr (down 5% YoY) for FY 2023.

Revenue · FY 2023
₹120.99 Cr ▼ 5%
Net profit · FY 2023
₹5.52 Cr margin 4.6%
EBITDA · FY 2023
₹12.17 Cr margin 10.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 36%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 34%
5 years · compounded
▲ 17%

Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 16% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹120.99 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹12.17 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹5.52 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin10.1%
Net Profit Margin4.6%
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 Wellspring Healthcare Private Limited, buy the company report.

Board of directors of Wellspring Healthcare Private Limited

Wellspring Healthcare has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Gautam BakshiNominee Director02 Jun 20251 Years 5 MonthsCurrent
Kishori Singhal
Also directs: Cointribe Capital Private Limited, Cointribe Technologies Private Limited
Director05 Dec 20250 Years 11 MonthsCurrent
Nathan Allen Mclemore
Also directs: Lifebridge Senior Care Private Limited
Director19 Nov 20223 Years 11 MonthsCurrent
Gautam Anish Sen
Also directs: Integrated Health Care Consultants Pvt Ltd
Director03 Apr 201016 Years 7 MonthsCurrent
Kaushik Sen
Also directs: Societyfor Mumbai Incubation Lab to Entrepreneurship Council
Director03 Apr 201016 Years 7 MonthsCurrent
View all directors

Peer comparison

Wellspring Healthcare Private Limited is compared with the 3 companies closest to it by revenue in the Healthcare industry (Preventive Healthcare Services), with the same principal business activity (other hospital and medical care activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Coloplast (India) Private Limited₹134.33 Cr (FY 2025)-6.0%New Delhi, Delhi, India
Stanplus Technologies Private Limited₹124.64 Cr (FY 2025)14.0%Hyderabad, Telangana, India
Wellspring Healthcare Private Limitedthis company₹120.99 Cr (FY 2023)₹5.52 Cr4.6%-5.0%3Mumbai, Maharashtra, India
Chetan Meditech Private Limited₹119.32 Cr (FY 2025)24.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Wellspring Healthcare Private Limited, buy the company report.

Auditor

Wellspring Healthcare Private Limited is audited by Deloitte Haskins &Sells for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Deloitte Haskins &SellsFY 2023117365W

Shareholding

The shareholding of Wellspring Healthcare 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Wellspring Healthcare Private Limited, buy the company report.

Charges & borrowings

Open charges
₹50 Cr
Satisfied charges
₹71.88 Cr
Breakdown by lending institutions
Others₹22.00 Cr
Canara Bank₹20.00 Cr
Sidbi₹8.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Sep 2024100985926Canara Bank₹20 CrOpen
07 Nov 2023100821340Others₹5 CrOpen
13 Oct 2023100794744Sidbi₹8 CrOpen
04 Oct 2023100807988Others₹12 CrOpen
09 Sep 2021100495680Others₹5 CrOpen

To see the full charge records of Wellspring Healthcare Private Limited, buy the company report.

Total charge records: 15 View all charges

Deals & funding

Wellspring Healthcare Private Limited has 24 deals on record (9 funding rounds, 9 secondary share transfers, 6 convertible or debt financings), with disclosed funding of ₹441.19 Cr; the latest was in December 2023.

Total deals
24
Funding rounds
9
Secondary share transfers
9
Convertible or debt financings
6
Disclosed funding
₹441.19 Cr

Deals on record (5 of 24)

WhenDealAmountParties
Dec 2023Funding round · Series H₹1.4 CrInvestors: Unity Small Finance Bank Limited , Incred Financial Services Limited
Feb 2023Secondary share transferUndisclosedBuyer: Catamaran Advisors Limited Liability Partnership , Sabre Partners Private Equity
Seller: 4 individuals
Feb 2023Secondary share transferUndisclosedBuyer: Apar Corporation Private Limited , an individual
Seller: Apar Industries Family Office, 2 individuals
Jul 2014Secondary share transferUndisclosedBuyer: Columbia Pacific Advisors, Frog & Peach Investments, 2 individuals
Seller: Catamaran Ventures, Reliance Capital Ltd , Asian Healthcare Fund
Apr 2011Funding round · Series A₹15.09 CrInvestors: Catamaran Ventures, Reliance Capital Ltd , Bluecross Blueshield Venture Partners

To see the full deal history of Wellspring Healthcare Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Wellspring Healthcare Private Limited has 15 MSME Form 1 returns on record between 2018 and 2022, listing 436 overdue payments to 39 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 39)

SupplierAmount dueDue sinceReported on
an individual supplier
Altius Customer Services Private Limited
Kartavya Healtheon Private Limited
Clique Brand India LLP
Sure Safety Private Limited

To see the full MSME payment records of Wellspring Healthcare Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Wellspring Healthcare Private Limited has a workforce of 3 employees on its EPFO records as of Nov 2025, across 1 active EPFO establishment.

Employee count
3
Active EPFO establishments
1
Employee growth
-99.5%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2025-263
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of Wellspring Healthcare Private Limited, buy the company report.

GST

Wellspring Healthcare has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
27AAACW9495Q1Z6MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Wellspring Healthcare Private Limited, buy the company report.

Recent activity

Wellspring Healthcare Private Limited has 10 board changes on record since 2010: 5 appointments and 5 cessations. The latest: Kishori Singhal was appointed as Director on 05 Dec 2025.

Appointed
Kishori Singhal was appointed as Director.
Ceased
Abizer Shabbir Diwanji ceased to be Additional Director.
Appointed
Gautam Bakshi was appointed as Nominee Director.
Charges
A charge registered on 10 Nov 2022 via Charge ID 100681643 with Others was fully satisfied on 27 Mar 2025.
Charges
A charge registered on 23 May 2022 via Charge ID 100591385 with Others was fully satisfied on 27 Mar 2025.
Charges
A charge registered on 29 Jun 2018 via Charge ID 100191212 with Others was fully satisfied on 27 Mar 2025.
Ceased
Sharda Agarwal ceased to be Additional Director.
Ceased
Rajiv Maliwal ceased to be Director.
Charges
A charge with Canara Bank amounted to Rs. 20.00 Cr with Charge ID 100985926 was registered on 13 Sep 2024.
AGM
Wellspring Healthcare Private Limited last Annual general meeting of members was held on 13 Feb 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100821340 was registered on 07 Nov 2023.
Charges
A charge with Sidbi amounted to Rs. 8.00 Cr with Charge ID 100794744 was registered on 13 Oct 2023.

27 earlier events are in the company report.

News

Frequently asked questions

Wellspring Healthcare is an active private limited company based in Mumbai, Maharashtra, India. The company works in preventive health services, within the healthcare industry. It was incorporated on 03 April 2010 (16+ years old) and is registered under CIN U85100MH2010PTC201617.

Wellspring Healthcare has 5 current directors:

The latest financial statements of Wellspring Healthcare on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 13 February 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Wellspring Healthcare is 27AAACW9495Q1Z6, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of Wellspring Healthcare is U85100MH2010PTC201617. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Wellspring Healthcare has 44 court cases on record: 3 filed by the company and 41 filed against it. 29 are pending. Most are in the district courts.

Wellspring Healthcare was incorporated on 03 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.

Wellspring Healthcare has 24 deals on record (9 funding rounds, 9 secondary share transfers, 6 convertible or debt financings), with disclosed funding of ₹441.19 Cr; the latest was in December 2023.

The peers of Wellspring Healthcare by revenue are Coloplast (India) Private Limited, Stanplus Technologies Private Limited, Chetan Meditech Private Limited, all in the Healthcare industry (Preventive Healthcare Services), with the same principal business activity (other hospital and medical care activities).

Kishori Singhal was appointed as Director on 05 Dec 2025. Abizer Shabbir Diwanji ceased to be Additional Director on 30 Sep 2025. Gautam Bakshi was appointed as Nominee Director on 02 Jun 2025. Wellspring Healthcare has 10 board changes on record in total.

Yes, Wellspring Healthcare is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0058910).

Wellspring Healthcare has 15 MSME Form 1 returns on record between 2018 and 2022, listing 436 overdue payments to 39 micro and small suppliers. The latest return was filed on 15 Jun 2022.