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.
Last updated 21 August 2026
Boston Ivy Healthcare Solutions Private Limited, incorporated on 2 July 2013 and based in Mumbai, is the corporate entity operating Medikabazaar, a B2B e-commerce marketplace for medical supplies, equipment and consumables. A DPIIT-recognised startup, it is also associated with the Medical Essentials procurement platform. The company is active and operates in the online healthcare product retail and wholesale trading space.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| 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) |
|
| 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
- 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
Confirmed 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 | 16 Dec 2019 |
| Pinak Ashok Shrikhande | 07592261 | Nominee Director | 22 Oct 2018 |
| Bandi Nitish Prasad | 02327966 | Nominee Director | 29 Oct 2021 |
| Ravishankar Gopalakrishnan | 00388734 | Whole-time Director | 02 May 2024 |
Financials
| 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% (period unclear, likely FY24 vs FY23) |
|---|---|
| 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
- 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
- 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
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