About Workcell Solutions Private Limited
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Workcell Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 29 October 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2014PTC258955. Its GSTIN is 27AAFCT1549R1ZN (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹6.97 Lakh. It was formerly known as Triptainment Technologies Private Limited. It is led by directors including Siddharth Gadia (Whole-Time Director) and Girish Agarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹221.81 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net loss of ₹75.16 Cr (net margin -33.9%) and EBITDA of -₹70.67 Cr (EBITDA margin -31.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 22% over five years.
The company has about 230 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Lets Reap, Workcell Solutions and Zeno Health. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹49 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zeno.health.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address91 Springboard Godrej Industrial, Estate Lbs Marg Vikhroli (West), Mumbai, Maharashtra, India – 400079
- IndustryPharma, Pharmaceutical Retailers & Distributors
- 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
- One PDF report, delivered after checkout
CIN History of Workcell Solutions Private Limited
Workcell Solutions has one previous CIN (Corporate Identification Number): U74999MH2014PTC258955. The current CIN is U74110MH2014PTC258955, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2014PTC258955 | Current |
| U74999MH2014PTC258955 | Previous |
Associated Brands with Workcell Solutions Private Limited
Workcell Solutions operates multiple associated brands including Lets Reap, Workcell Solutions, and Zeno Health. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Communication and supply chain software for pharmacies is provided. | letsreap.com | |
| Generic medicines are sold through a nationwide chain of pharmacies. | zeno.health | |
| A chain of pharmacies is operated in Mumbai, India. | workcell.in |
Competitors & Alternatives of Workcell Solutions Private Limited
Brands and companies operating in the same space as Workcell Solutions Private Limited include API Holdings, giftHEALTH, Pharmacist Bang and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 API Holdings | Digital healthcare tools are offered for pharmacies and clinics management. | Mumbai, India | 2012 |
 giftHEALTH | Provider of supply chain management platform | Columbus, United States | 2009 |
 Pharmacist Bang | A mobile marketplace is provided for pharmacists and pharmaceutical companies. | Guangzhou, China | 2015 |
 Biddano | Cloud-based supply chain management is provided for pharmacies and hospitals. | Pune, India | 2016 |
 Remedial Health | Supply chain management software is provided for pharmacies and insurers. | Newark, United States | 2020 |
 RELATABLE | Healthcare product supply chains are managed via a dedicated platform. | Nashville, United States | 2016 |
 PharmacyMarts | Online supply chain management platform for medical suppliers | Egypt | 2020 |
 DrugStoc | Provider of procurement platform for pharmacies, clinics, and healthcare organizations | Ikeja, Nigeria | 2015 |
 Yaopin Zhongduanwang | Operates a B2B e-commerce platform for pharmaceuticals. | Chengdu, China | 2010 |
Business Activity of Workcell Solutions Private Limited
The main business activities of Workcell Solutions are trade and information and communication. In detail, this covers wholesale trading and other information & communication service activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Workcell Solutions Private Limited
Workcell Solutions Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Workcell Solutions Private Limited
Workcell Solutions has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddharth Gadia Also directs: Emew India Private Limited, Upgenics Lifesciences Private Limited | Whole-Time Director | 29 Oct 2014 | 11 Years 11 Months | Current |
| Girish Agarwal Also directs: Upgenics Lifesciences Private Limited | Whole-Time Director | 26 Oct 2015 | 10 Years 11 Months | Current |
| Kihyun Yun | Nominee Director | 27 Apr 2024 | 2 Years 5 Months | Current |
Financials of Workcell Solutions Private Limited FY 2024 filings available
Workcell Solutions Private Limited reported revenue of ₹221.81 Cr (up 46% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Workcell Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 46% growth in the latest year. EBITDA fell 29% 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 of Workcell Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹70.67 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹75.16 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 of Workcell Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -31.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -33.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Workcell Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Workcell Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Workcell Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Apr 2025 | Hdfc Bank Limited | ₹10 Cr | Open |
| 09 Mar 2022 | Others | ₹12 Cr | Satisfied |
| 19 Dec 2020 | Others | ₹10 Cr | Satisfied |
| 15 Nov 2019 | Others | ₹10 Cr | Satisfied |
| 19 Oct 2019 | Hdfc Bank Limited | ₹12 Cr | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Workcell Solutions Private Limited
Workcell Solutions Private Limited has a workforce of 230 employees as of Apr 02, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Workcell Solutions Private Limited
Workcell Solutions has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCT1549R1ZN | Maharashtra | Active | 26 Jul 2017 |
| 24AAFCT1549R1ZT | Gujarat | Active | 21 Nov 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Workcell Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Workcell Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Workcell Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Workcell Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Workcell Solutions Private Limited
Recent News on Workcell Solutions Private Limited
Frequently Asked Questions about Workcell Solutions Private Limited
Workcell Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 29 October 2014 (12+ years old) and is registered under CIN U74110MH2014PTC258955.
Workcell Solutions reported revenue of ₹221.81 Cr for FY 2025 (up 46% YoY).
Workcell Solutions has 3 current directors:
- Siddharth Gadia - Whole-Time Director
- Girish Agarwal - Whole-Time Director
- Kihyun Yun - Nominee Director
Workcell Solutions reported a net loss of ₹75.16 Cr (net margin -33.9%) and EBITDA of -₹70.67 Cr (EBITDA margin -31.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Workcell Solutions is 18% over three years and 22% over five years. In the latest year (FY 2025) revenue rose 46%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Workcell Solutions is 27AAFCT1549R1ZN, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAFCT1549R1ZT (Gujarat).
The CIN (Corporate Identification Number) of Workcell Solutions is U74110MH2014PTC258955. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Workcell Solutions was incorporated on 29 October 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Yes, Workcell Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).