Medvance Health Private Limited

Provides hospital services such as medical transcription and coding with 250+ transcriptionists.

2013 | Chennai, Tamil Nadu (India) | Active
Last Updated: November 16, 2024

Medvance Health Profile

Key Indicators

  • Authorised Capital ₹ 0.20 M
  • Paid Up Capital ₹ 0.11 M
  • Company Age 12 Year, 9 Days
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 105.81%
  • Profit Growth -494.42%
  • Ebitda -545.59%
  • Net Worth -155.10%
  • Total Assets 216.51%

About Medvance Health

Medvance Health Private Limited (MHPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 14 February 2013 and has a history of 12 years. Its registered office is in Chennai, Tamil Nadu, India.

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 2023. It's a company limited by shares with an authorized capital of Rs 0.20 M and a paid-up capital of Rs 0.11 M, as per Ministry of Corporate Affairs (MCA) records.

Dinesh Butani, Kan Butani, and Damodaran Jayavelu serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    medsource.lk

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U72900TN2013PTC089606

  • Company No.

    089606

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    14 Feb 2013

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Business Outsourcing

Who are the key members and board of directors at Medvance Health?

Board Members (3)

NameDesignationAppointment DateStatus
Dinesh Butani Country flag representing Lk Director 14-Feb-2013Current
Kan Butani Country flag representing Lk Director 14-Feb-2013Current
Damodaran Jayavelu Country flag representing In Director 15-Mar-2018Current

Financial Performance of Medvance Health.

Medvance Health Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 105.81% increase. The company also saw a substantial fall in profitability, with a 494.42% decrease in profit. The company's net worth observed a substantial decline by a decrease of 155.1%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
105.81%
Revenue from Operations
105.80%
Total Assets
216.51%
Profit or Loss
-494.42%
Net Worth
-155.10%
EBITDA
-545.59%

What is the Ownership and Shareholding Structure of Medvance Health?

In 2023, Medvance Health had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Medvance Health?

Medvance Health has a workforce of 309 employees as of Mar 29, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Medvance Health, 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 Medvance Health's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Medvance Health

Recent activity within the organization

  • Annual General Meeting

    Medvance Health Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Medvance Health Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

    31 Mar 2023

  • Director Appointment

    Damodaran Jayavelu was appointed as a Director was appointed as a Director on 15 Mar 2018 & has been associated with this company since 6 years 11 months .

    15 Mar 2018

  • Director Appointment

    Dinesh Kan Butani was appointed as a Director was appointed as a Director on 14 Feb 2013 & has been associated with this company since 12 years 9 days .

    14 Feb 2013

  • Director Appointment

    Kan Parsram Butani was appointed as a Director was appointed as a Director on 14 Feb 2013 & has been associated with this company since 12 years 9 days .

    14 Feb 2013

  • Company Incorporation

    Medvance Health Private Limited was registered on 14 Feb 2013 with Roc Chennai & aged 12 years 9 days as per MCA records.

    14 Feb 2013

Frequently asked questions

  • Medvance Health Private Limited was incorporated on 14 Feb 2013.

  • The authorized share capital of Medvance Health Private Limited is ₹ 0.20 M and paid-up capital is ₹ 0.11 M.

  • Currently 3 directors are associated with Medvance Health Private Limited.

    • Dinesh Kan Butani
    • Kan Parsram Butani
    • Damodaran Jayavelu
  • As per Ministry of Corporate Affairs (Mca), the registered address of Medvance Health Private Limited is No.51 5Th Floor Gandhi Nagar 1St Main Road, Adyar India, Chennai, Tamil Nadu, 600020.

  • The corporate identification number (CIN) of Medvance Health Private Limited is U72900TN2013PTC089606 and the company number is 089606 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Medvance Health Private Limited is https://www.medsource.lk

  • According to the financial reports for the fiscal year 2023, the revenue trend for Medvance Health Private Limited has risen by 105.81%.

  • As Per 2023 financial reports, 309 employees are currently employed by Medvance Health Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Medvance Health Private Limited has experienced an downturn of -155.10%.

  • The most recent Balance Sheet for Medvance Health Private Limited was filed with the ROC on 31 Mar 2023.