Medrona Billing Services Profile
Key Indicators
- Authorised Capital ₹ 7.50 M
- Paid Up Capital ₹ 6.80 M
- Company Age 16 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1.50 Cr
- Satisfied Charges ₹ 3.07 Cr
- Revenue Growth -1.91%
- Profit Growth -254.69%
- Ebitda -48.64%
- Net Worth 21.76%
- Total Assets 27.14%
About Medrona Billing Services
Medrona Billing Services Private Limited (MBSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 29 August 2008 and has a history of 16 years and eight months. Its registered office is in Chennai, Tamil Nadu, India.
The Corporate was formerly known as Cascade Billing Services Private Limited. The Company is engaged in the Business Outsourcing 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 7.50 M and a paid-up capital of Rs 6.80 M.
The company currently has active open charges totaling ₹1.50 Cr. The company has closed loans amounting to ₹3.07 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ammapet Natarajan, Srinivasan Sathya, and Gordon Bell serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U93090TN2008PTC069084
- Company No.
069084
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
29 Aug 2008
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Business Outsourcing
Medrona Billing Services Private Limited
Explore comprehensive data for Medrona Billing Services Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Medrona Billing Services?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ammapet Natarajan  | Director | 29-Aug-2008 | Current |
| Srinivasan Sathya | Director | 26-Nov-2021 | Current |
Gordon Bell  | Director | 18-Nov-2022 | Current |
Financial Performance of Medrona Billing Services.
Medrona Billing Services Private Limited, for the financial year ended 2024, experienced Minor drop in revenue, with a 1.91% decrease. The company also saw a substantial fall in profitability, with a 254.69% decrease in profit. The company's net worth Soared by an impressive increase of 21.76%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Medrona Billing Services?
In 2024, Medrona Billing Services had a promoter holding of 59.34% and a public holding of 40.67%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹15.00 M
Satisfied Charges
₹30.74 M
Charges Breakdown by Lending Institutions
- Standard Chartered Bank : 1.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Mar 2020 | Standard Chartered Bank | ₹1.50 Cr | Open |
| 28 Sep 2018 | Others | ₹1.00 Cr | Satisfied |
| 18 Aug 2017 | Dena Bank | ₹0.93 M | Satisfied |
| 29 Jul 2011 | Dena Bank | ₹7.50 M | Satisfied |
| 04 Nov 2009 | Dena Bank | ₹1.23 Cr | Satisfied |
How Many Employees Work at Medrona Billing Services?
Medrona Billing Services has a workforce of 191 employees as of Nov 14, 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 Medrona Billing Services, 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 Medrona Billing Services'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 Medrona Billing Services
Recent activity within the organization
- Annual General Meeting
Medrona Billing Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Medrona Billing Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
- Director Appointment
Gordon Elvan Bell was appointed as a Director was appointed as a Director on 18 Nov 2022 & has been associated with this company since 2 years 5 months .
- Charges
A charge registered on 18 Aug 2017 via Charge ID 100129488 with Dena Bank was fully satisfied on 21 Jun 2022.
- Director Appointment
Srinivasan Sathya was appointed as a Director was appointed as a Director on 26 Nov 2021 & has been associated with this company since 3 years 5 months .
- Charges
A charge registered on 28 Sep 2018 via Charge ID 100212578 with Others was fully satisfied on 28 Sep 2021.
Frequently asked questions
What is the Incorporation or founding date of Medrona Billing Services Private Limited?
Medrona Billing Services Private Limited was incorporated on 29 Aug 2008.
What is authorized share capital and paid-up capital of Medrona Billing Services Private Limited?
The authorized share capital of Medrona Billing Services Private Limited is ₹ 7.50 M and paid-up capital is ₹ 6.80 M.
Who are the current board members & directors of Medrona Billing Services Private Limited?
Currently 3 directors are associated with Medrona Billing Services Private Limited.
- Ammapet Subramaniam Natarajan
- Srinivasan Sathya
- Gordon Elvan Bell
What is the registered address of Medrona Billing Services Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Medrona Billing Services Private Limited is 2Nd Floor Asma Building 189 Ttk Road, Alwarpet India, Chennai, Tamil Nadu, 600018.
What is the corporate identification number (CIN) and company number of Medrona Billing Services Private Limited?
The corporate identification number (CIN) of Medrona Billing Services Private Limited is U93090TN2008PTC069084 and the company number is 069084 as per Ministry of Corporate Affairs (MCA).
What is the official website of Medrona Billing Services Private Limited?
The Official website of Medrona Billing Services Private Limited is https://www.medrona.com
What has been the recent revenue trend for Medrona Billing Services Private Limited?
According to the financial reports for the fiscal year 2024, the revenue trend for Medrona Billing Services Private Limited has fallen by -1.91%.
How many employees does Medrona Billing Services Private Limited currently have?
As Per 2024 financial reports, 191 employees are currently employed by Medrona Billing Services Private Limited.
What change has been observed in the net worth of Medrona Billing Services Private Limited, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Medrona Billing Services Private Limited has experienced an upsurge of 21.76%.
What are the total open charges for Medrona Billing Services Private Limited?
As per the financial statements for fiscal Year 2024, The total open charges for Medrona Billing Services Private Limited amount to ₹ 1.50 Cr.
When was the last Balance Sheet of Medrona Billing Services Private Limited filed with the ROC?
The most recent Balance Sheet for Medrona Billing Services Private Limited was filed with the ROC on 31 Mar 2024.
Unlock Business Insights – Explore Instantly!
Search company & director profiles for free and gain access to critical business data.
- 3.1M+ Companies
- 15M+ Legal Cases
- 525K+ Credit Ratings
- 5.8M+ Directors & KMP
- 750K+ Regulatory Alerts
- 1.1M+ Companies' Financial Records
People also Viewed
Srinivasan SethuramanDirectorNV
Natarajan VarshaDirector
Similar Companies Based on Business Process Outsourcing
Mphasis Limited Bangaluru, Karnataka, India
Standard Chartered Global Business Services Private Limited Chennai, Tamil Nadu, India
Deutsche India Private Limited Mumbai, Maharashtra, India
Capgemini Technology Services India Limited Pune, Maharashtra, India
Genpact India Private Limited New Delhi, India
Wns Global Services Private Limited Mumbai, Maharashtra, India
Wipro Limited Bangaluru, Karnataka, India