Company Intelligence Profile
Boston Ivy Healthcare Solutions Private Limited
Boston Ivy Healthcare Solutions Private Limited is the legal/corporate entity operating Medikabazaar (medikabazaar.com), a B2B e-commerce marketplace for medical supplies, equipment and consumables, also associated with the "Medical Essentials" (medicalessentials.in) procurement platform.
CIN: U51397MH2013PTC245092ActiveRoC-Mumbai / MaharashtraConfidence: medium-high
Last updated 20 August 2026
AI OverviewGenerated from public records
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Boston Ivy Healthcare Solutions Private Limited |
|---|---|
| CIN | U51397MH2013PTC245092 |
| PAN | Not available in the public sources reviewed. |
| Status | Active |
| Listing | Unlisted |
| Incorporated | 02 July 2013 |
| ROC | RoC-Mumbai / Maharashtra |
| Sector (NIC) | E-commerce / Online healthcare product retail; Activity code G1 - Wholesale trading |
| Registered address | Second Avenue, 3rd Floor, Unit no. 1,4,5,6,7,8,9 & 10, Village Vyaravli, Near Seepz between MIDC Central Road, Mahakali Caves Road, Andheri East, Mumbai 400093 |
| Authorized capital | ₹5.35 Cr |
| Paid-up capital | ₹27.77 Lakh vs ₹28.39 Lakh — minor discrepancy, likely different snapshot dates; treat as partial (~₹28 Lakh) |
Business Overview
Confirmed- Boston Ivy Healthcare Solutions Private Limited is the legal/corporate entity operating Medikabazaar (medikabazaar.com), a B2B e-commerce marketplace for medical supplies, equipment and consumables, also associated with the "Medical Essentials" (medicalessentials.in) procurement platform
- Incorporated in 2013, it is a DPIIT-recognised startup based in Mumbai, operating in the online healthcare product retail / wholesale trading (B2B medtech marketplace) space
Directors & KMP
Partial / conflictingConfirmed via 2 sources (Tofler + Falconebiz), DINs from Tofler only (not cross-verified against a third source, so DINs are "partial" confidence):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Vivek Tiwari | 06529757 | Director | - |
| Jens Van Nieuwenborgh | 07638244 | Nominee Director since 16 Dec 2019 | - |
| Pinak Ashok Shrikhande | 07592261 | Nominee Director since 22 Oct 2018 | - |
| Bandi Nitish Prasad | 02327966 | Nominee Director since 29 Oct 2021 | - |
| Ravishankar Gopalakrishnan | 00388734 | Whole-Time Director since 02 May 2024 | - |
Financials
Partial / conflicting| Tofler | FY2023 revenue "over ₹500 Cr" (range indicator, updated Aug 2026 snapshot); net worth change -279.61% YoY; borrowings change -53.74%; assets change -12.21% |
|---|---|
| Falconebiz | FY2024 revenue ₹1,406.95 Cr (up 48% YoY, implying FY2023 revenue ~₹950 Cr) — EBITDA and Net Profit locked (premium), net worth "not disclosed." |
| Charges | Open charges ₹75 Cr (latest charge ₹75 Cr dated 15 Dec 2025, lender "Others" — lender name not specified); Satisfied charges ₹235.01 Cr (historical, now released) |
| Last balance sheet filed | 31 March 2024; Last AGM: 05 May 2025 |
| Workforce (EPFO) | 603 employees as of 31 Mar 2025 (down 18.29% YoY) |
These are standalone company filings (no indication of consolidated group financials). The FY2023 revenue figures from the two sources roughly triangulate (>₹500 Cr vs implied ~₹950 Cr) but do not agree closely enough to be "confirmed" — reported as partial with the conflict flagged. EBITDA, PAT, and precise net worth are not obtained (paywalled).
Charges & Borrowings
Partial / conflicting- Open charges totaling ₹75 Cr, with the latest charge of ₹75 Cr registered 15 Dec 2025 (chargeholder listed only as "Others" — not specified)
- Satisfied/released charges totaling ₹235.01 Cr historically
- Chargeholder names and instrument details not obtained
Legal Proceedings
Confirmed- At least 29 total matches on Indian Kanoon for "Boston Ivy Healthcare Solutions." Notable cases include: (1) Boston Ivy Healthcare Solutions Pvt Ltd vs M/S Accord Medical Products Pvt Ltd — Delhi High Court, CS(COMM) 24/2019 / I.A
- 733/2019, multiple orders from 19 Jul 2022 through 13 Dec 2024 (commercial/likely IP or contract dispute
- company as plaintiff)
- (2) Mr. Ketan Malkan vs Boston Ivy Healthcare Solutions Pvt Ltd — Delhi High Court, orders dated 2 Sep 2024 and 1 May 2025 (company as respondent)
- Full nature/outcome of these cases not obtained beyond order dates and courts listed
Competitors
Partial / conflictingB2B medical/healthcare
GoApptiv Health / Practo Rx-supply adjacent
2) Truemeds
3) 1mg/Tata 1mg
4) PharmEasy
large-scale consumer+B2B pharma platform, ₹1000s+ Cr, historically much larger
5) Zeal Global / Medibuy
smaller B2B medical equipment marketplaces
6) Healthcare at Home / HealthAssure
. Best direct comparables by business model (B2B medical equipment/consumables marketplace) are PharmEasy's …
scale
sits mid-to-large among pure-play medical B2B marketplaces but smaller than PharmEasy/1mg's combined…
Frequently Asked Questions
What does Boston Ivy Healthcare Solutions Private Limited do?
Boston Ivy Healthcare Solutions Private Limited is the legal/corporate entity operating Medikabazaar (medikabazaar.com), a B2B e-commerce marketplace for medical supplies, equipment and consumables, also associated with the "Medical Essentials" (medicalessentials.in) procurement platform.
What is the CIN of Boston Ivy Healthcare Solutions Private Limited?
The Corporate Identification Number (CIN) of Boston Ivy Healthcare Solutions Private Limited is U51397MH2013PTC245092.
Where is Boston Ivy Healthcare Solutions Private Limited registered?
Boston Ivy Healthcare Solutions Private Limited is registered with RoC-Mumbai / Maharashtra (Tofler lists "Maharashtra"; Falconebiz lists "Mumbai" — same RoC, minor label difference). Registered address: Second Avenue, 3rd Floor, Unit no. 1,4,5,6,7,8,9 & 10, Village Vyaravli, Near Seepz between MIDC Central Road, Mahakali Caves Road, Andheri East, Mumbai 400093 (Source: Tofler, corroborated by Falconebiz)
When was Boston Ivy Healthcare Solutions Private Limited incorporated?
Boston Ivy Healthcare Solutions Private Limited was incorporated on 02 July 2013 (Source: Tofler, Falconebiz).
Looking for business funding?
Recur Club is India's largest AI-native debt platform - working capital, term loans and structured debt from 150+ lending partners, without diluting equity.