Wellness Forever Medicare Limited

Founded in 2008 and headquartered in Maharashtra, India.

2008 | Mumbai, Maharashtra (India) | Active
Last Updated:

Wellness Forever Medicare Profile

Key Indicators

  • Authorised Capital ₹ 20.00 Cr
  • Paid Up Capital ₹ 11.16 Cr
  • Company Age 17 Year, 21 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 249.41 Cr
  • Satisfied Charges ₹ 140.65 Cr
  • Revenue Growth 7.43%
  • Profit Growth -64.27%
  • Ebitda -22.74%
  • Net Worth -13.52%
  • Total Assets -10.04%

About Wellness Forever Medicare

Wellness Forever Medicare Limited (WFML) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 February 2008 and has a history of 17 years. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Wellness Forever Medicare Private Limited. 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 20.00 Cr and a paid-up capital of Rs 11.16 Cr.

The company currently has active open charges totaling ₹249.41 Cr. The company has closed loans amounting to ₹140.65 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Wellness Forever Medicare Limited India are Ajay Pandey as Cfo, Justin John as Company Secretary, and Yogesh Yadav as Ceo. Kewal Handa, Gulshan Bakhtiani, Mohan Chavan, and Three other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    wellnessforever.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U24239MH2008PLC178658

  • Company No.

    178658

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    08 Feb 2008

  • Date of AGM

    10 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Pharma

What products or services does Wellness Forever Medicare Limited offer?

Wellness Forever Medicare Limited offers a wide range of products and services, including Pain Relief Drugs & Pharmaceuticals, Osteoporosis Medications, TB, Tumor & Cancer Drugs, Anti Cancer Medicines, Pharma Ingredients & Raw Materials, Pharmaceutical Excipients, Anti Infective Drugs & Medicines, HIV Drugs, Antipyretic Medication, Common Disease Medicines.

Who are the key members and board of directors at Wellness Forever Medicare?

Executive Team (3)

NameDesignationAppointment DateStatus
Ajay Pandey CFO19-Apr-2024Current
Justin John Company Secretary10-Dec-2024Current
Yogesh Yadav CEO27-Aug-2024Current

Financial Performance of Wellness Forever Medicare.

Wellness Forever Medicare Limited, for the financial year ended 2024, experienced modest growth in revenue, with a 7.43% increase. The company also saw a substantial fall in profitability, with a 64.27% decrease in profit. The company's net worth observed a substantial decline by a decrease of 13.52%.

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
7.43%
Revenue from Operations
7.22%
Total Assets
-10.04%
Profit or Loss
-64.27%
Net Worth
-13.52%
EBITDA
-22.74%

What is the Ownership and Shareholding Structure of Wellness Forever Medicare?

In 2024, Wellness Forever Medicare had a promoter holding of 43.01% and a public holding of 56.99%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹249.41 Cr

Satisfied Charges

₹140.65 Cr

Charges Breakdown by Lending Institutions

  • Others : 149.96 Cr
  • Hdfc Bank Limited : 49.90 Cr
  • Yes Bank Limited : 49.55 Cr

Latest Charge Details

DateLenderAmountStatus
17 Jun 2022Others₹26.00 CrOpen
13 May 2022Hdfc Bank Limited₹20.00 CrOpen
02 Nov 2021Others₹10.00 CrOpen
29 May 2021Hdfc Bank Limited₹4.90 CrOpen
15 Apr 2021Yes Bank Limited₹6.55 CrOpen

How Many Employees Work at Wellness Forever Medicare?

Wellness Forever Medicare has a workforce of 5147 employees as of Jan 30, 2025. 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 Wellness Forever Medicare, 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 Wellness Forever Medicare'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 Wellness Forever Medicare

Recent activity within the organization

  • Director Appointment

    Justin Joseph John was appointed as a Company Secretary was appointed as a Company Secretary on 10 Dec 2024 & has been associated with this company since 2 months 21 days .

    10 Dec 2024

  • Annual General Meeting

    Wellness Forever Medicare Limited last Annual general meeting of members was held on 10 Sep 2024 as per latest MCA records.

    10 Sep 2024

  • Director Appointment

    Yogesh Yadav was appointed as a Ceo was appointed as a Ceo on 27 Aug 2024 & has been associated with this company since 6 months 4 days .

    27 Aug 2024

  • Director Appointment

    Jaishankar Krishnan was appointed as a Director was appointed as a Director on 19 Jul 2024 & has been associated with this company since 7 months 12 days .

    19 Jul 2024

  • Director Appointment

    Rachna Bahadur was appointed as a Director was appointed as a Director on 11 Jul 2024 & has been associated with this company since 7 months 20 days .

    11 Jul 2024

  • Director Appointment

    Ajay Kumar Pandey was appointed as a Cfo was appointed as a Cfo on 19 Apr 2024 & has been associated with this company since 10 months 11 days .

    19 Apr 2024

Frequently asked questions

  • What is the Incorporation or founding date of Wellness Forever Medicare Limited?

    Wellness Forever Medicare Limited was incorporated on 08 Feb 2008.

  • What is authorized share capital and paid-up capital of Wellness Forever Medicare Limited?

    The authorized share capital of Wellness Forever Medicare Limited is ₹ 20.00 Cr and paid-up capital is ₹ 11.16 Cr.

  • Who are the current board members & directors of Wellness Forever Medicare Limited?

    Currently 9 directors are associated with Wellness Forever Medicare Limited.

    • Kewal Kundanlal Handa
    • Gulshan Haresh Bakhtiani
    • Mohan Ganpat Chavan
    • Jaishankar Krishnan
    • Ashraf Mohammed Biran
    • Rachna Bahadur
    • Ajay Kumar Pandey
    • Justin Joseph John
    • Yogesh Yadav

  • What is the registered address of Wellness Forever Medicare Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Wellness Forever Medicare Limited is 7Th Floor Wing A Empire Plaza It Park Lbs Marg Vikhroli (West), India, Mumbai, Maharashtra, 400083.

  • What is the corporate identification number (CIN) and company number of Wellness Forever Medicare Limited?

    The corporate identification number (CIN) of Wellness Forever Medicare Limited is U24239MH2008PLC178658 and the company number is 178658 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Wellness Forever Medicare Limited?

    The Official website of Wellness Forever Medicare Limited is https://www.wellnessforever.in

  • What has been the recent revenue trend for Wellness Forever Medicare Limited?

    According to the financial reports for the fiscal year 2024, the revenue trend for Wellness Forever Medicare Limited has risen by 7.43%.

  • How many employees does Wellness Forever Medicare Limited currently have?

    As Per 2024 financial reports, 5147 employees are currently employed by Wellness Forever Medicare Limited.

  • What change has been observed in the net worth of Wellness Forever Medicare Limited, and by what percentage?

    The financial reports for the fiscal year 2024 indicates that The net worth of Wellness Forever Medicare Limited has experienced an downturn of -13.52%.

  • What are the total open charges for Wellness Forever Medicare Limited?

    As per the financial statements for fiscal Year 2024, The total open charges for Wellness Forever Medicare Limited amount to ₹ 249.41 Cr.

  • When was the last Balance Sheet of Wellness Forever Medicare Limited filed with the ROC?

    The most recent Balance Sheet for Wellness Forever Medicare Limited was filed with the ROC on 31 Mar 2024.

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