Medico Remedies Profile
Key Indicators
- Authorised Capital ₹ 17.00 Cr
- Paid Up Capital ₹ 16.60 Cr
- Company Age 31 Year, 10 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 45.70 Cr
- Satisfied Charges ₹ 39.66 Cr
- Revenue Growth 1.85%
- Profit Growth 14.49%
- Ebitda 34.19%
- Net Worth 19.45%
- Total Assets 10.00%
About Medico Remedies
Medico Remedies Limited (MRL) is a leading Public Limited Indian Non-Government Company incorporated in India on 18 March 1994 and has a history of 31 years. Its registered office is in Mumbai, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 540937.
The Corporate was formerly known as Medico Remedies P Ltd. The Company is engaged in the Pharma Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 17.00 Cr and a paid-up capital of Rs 16.60 Cr.
The company currently has active open charges totaling ₹45.70 Cr. The company has closed loans amounting to ₹39.66 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Medico Remedies Limited India are Haresh Mehta as CFO and Hasan Bohra as Company Secretary. Haresh Mehta, Rita Mehta, Harshit Mehta, and Seven other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L24230MH1994PLC077187
- Company No.
077187
- Stock Symbol
BSE : 540937
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
18 Mar 1994
- Date of AGM
05 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
Pharma
What products or services does Medico Remedies Limited offer?
Medico Remedies Limited offers a wide range of products and services, including Cardiovascular Drugs & Medication, Antidiabetic Medicine, Nutraceuticals & Dietary Supplements, Fitness Supplements, Mineral Supplement, Common Disease Medicines, Antihistamines, Digestive System Drugs & Medicines, Antacid Drugs, Brain & Nervous System Drugs.
Who are the key members and board of directors at Medico Remedies?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Harshit Mehta  | Managing Director | 14-Dec-2011 | Current |
| Haresh Mehta | CFO | 15-Sep-2017 | Current |
| Hasan Bohra | Company Secretary | 07-Dec-2024 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rishit Mehta | Whole-Time Director | 12-Mar-2015 | Current |
| Deepesh Shah | Director | 22-Apr-2022 | Current |
| Anuj Mody | Director | 12-Nov-2024 | Current |
| Haresh Mehta | Whole-Time Director and Cfo | 18-Mar-1994 | Current |
| Rita Mehta | Director | 08-Dec-1999 | Current |
| Deepak Vekaria | Director | 25-Sep-2017 | Current |
Financial Performance of Medico Remedies.
Medico Remedies Limited, for the financial year ended 2024, experienced modest growth in revenue, with a 1.85% increase. The company also saw a substantial improvement in profitability, with a 14.49% increase in profit. The company's net worth Soared by an impressive increase of 19.45%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Medico Remedies?
In 2024, Medico Remedies had a promoter holding of 73.34% and a public holding of 26.66%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Yellow Integrated Content & Communicatio N LlpDeepesh Shah is a mutual person
- Aum Securities Private Limited
Deepak Vekaria is a mutual person
- Atulya Innovatives Llp
Bharat Rathod is a mutual person
- Rmx Intermediates Private Limited
Anuj Mody is a mutual person
Charges (Loans)
Open Charges
₹45.70 Cr
Satisfied Charges
₹39.66 Cr
Charges Breakdown by Lending Institutions
- Others : 45.70 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Dec 2018 | Others | ₹24.08 Cr | Open |
| 31 Jul 2018 | Others | ₹21.62 Cr | Open |
| 31 Aug 2019 | Others | ₹2.75 Cr | Satisfied |
| 31 Aug 2019 | Others | ₹2.75 Cr | Satisfied |
| 19 Oct 2002 | Bank Of Baroda | ₹1.49 Cr | Satisfied |
How Many Employees Work at Medico Remedies?
Medico Remedies has a workforce of 70 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Medico Remedies, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Medico Remedies's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Medico Remedies
Recent activity within the organization
- Director Appointment
Hasan Bohra was appointed as a Company Secretary was appointed as a Company Secretary on 07 Dec 2024 & has been associated with this company since 3 months 20 days .
- Director Appointment
Anuj Kishore Mody was appointed as a Director was appointed as a Director on 12 Nov 2024 & has been associated with this company since 4 months 15 days .
- Charges
A charge with Others of Rs. 21.62 Cr registered on 31 Jul 2018 with Charge ID 100207287 was modified on 04 Nov 2024.
- Annual General Meeting
Medico Remedies Limited last Annual general meeting of members was held on 05 Sep 2024 as per latest MCA records.
- Director Appointment
Kunal Tushar Vora was appointed as a Director was appointed as a Director on 13 Aug 2024 & has been associated with this company since 7 months 14 days .
- Director Appointment
Dayanad Shivshankar Mathapati was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 13 Aug 2024 & has been associated with this company since 7 months 14 days .
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Medico Remedies Limited?
Medico Remedies Limited was incorporated on 18 Mar 1994.
What is authorized share capital and paid-up capital of Medico Remedies Limited?
The authorized share capital of Medico Remedies Limited is ₹ 17.00 Cr and paid-up capital is ₹ 16.60 Cr.
Who are the current board members & directors of Medico Remedies Limited?
Currently 12 directors are associated with Medico Remedies Limited.
- Haresh Kapurlal Mehta
- Rita Haresh Mehta
- Harshit Haresh Mehta
- Rishit Hareshbhai Mehta
- Deepesh Rajesh Shah
- Deepak Maganlal Vekaria
- Bharat Nathalal Rathod
- Anuj Kishore Mody
- Kunal Tushar Vora
- Dayanad Shivshankar Mathapati
- Haresh Kapurlal Mehta
- Hasan Bohra
What is the registered address of Medico Remedies Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Medico Remedies Limited is 1105/1106 11Th Floor Hubtown Solaris Opp. Telli Galli N S Phadke Marg, Andhe Ri East India, Mumbai, Maharashtra, 400069.
What is the corporate identification number (CIN) and company number of Medico Remedies Limited?
The corporate identification number (CIN) of Medico Remedies Limited is L24230MH1994PLC077187 and the company number is 077187 as per Ministry of Corporate Affairs (MCA).
Is Medico Remedies Limited registered with any stock exchange in India?
Yes, Medico Remedies Limited is registered on Bombay Stock Exchange (BSE).
What is the official website of Medico Remedies Limited?
The Official website of Medico Remedies Limited is https://www.medicoremediesindia.com
What has been the recent revenue trend for Medico Remedies Limited?
According to the financial reports for the fiscal year 2024, the revenue trend for Medico Remedies Limited has risen by 1.85%.
How many employees does Medico Remedies Limited currently have?
As Per 2024 financial reports, 70 employees are currently employed by Medico Remedies Limited.
What change has been observed in the net worth of Medico Remedies Limited, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Medico Remedies Limited has experienced an upsurge of 19.45%.
What are the total open charges for Medico Remedies Limited?
As per the financial statements for fiscal Year 2024, The total open charges for Medico Remedies Limited amount to ₹ 45.70 Cr.
When was the last Balance Sheet of Medico Remedies Limited filed with the ROC?
The most recent Balance Sheet for Medico Remedies Limited was filed with the ROC on 31 Mar 2024.
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