Company Intelligence Profile
Genworks Health Private Limited
Genworks Health is a Bengaluru-based medical-device and healthcare-technology distributor/integrator, set up with the backing of Wipro GE (Source: official site genworkshealth.com).
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Genworks Health Private Limited |
|---|---|
| CIN | U24230KA2015PTC078753 |
| PAN | AAFCG8949N (Source: Tofler) |
| Status | Active |
| Listing | Not listed (unlisted private limited company) |
| Incorporated | 06 February 2015 (Source: TheCompanyCheck, Tofler — both agree) |
| ROC | RoC Bangalore / Karnataka (Source: TheCompanyCheck, Tofler) |
| Sector (NIC) | Healthcare — medical equipment retail & distribution; Tofler classifies NIC activity under "manufacture of chemical products" (registry NIC code likely a generic/administrative classification, not reflective of actual distribution business — flagged as a data quirk) |
| Registered address | 5th Floor, Gamma Block, Sigma Soft Tech Park, Varthur Road, Ramagondanahalli, Varthur Hobli, Bangalore, Karnataka – 560066 (Source: TheCompanyCheck, Tofler — both agree) |
| Authorized capital | ₹60.0 Cr (Source: TheCompanyCheck, Tofler — both agree) |
| Paid-up capital | ₹35.26–35.3 Cr (Source: TheCompanyCheck, Tofler — both agree) |
Business Overview
Confirmed- Genworks Health is a Bengaluru-based medical-device and healthcare-technology distributor/integrator, set up with the backing of Wipro GE (Source: official site genworkshealth.com)
- It positions itself as a democratizing-healthcare-access platform delivering connected-care solutions across: Women's Health/FemTech (AI-enabled cervical and breast health screening), Connected Care/telemedicine, Cardiology (ultrasound, tele-cardiology), Critical Care/ICU, In-vitro Diagnostics (IVD), Radiology (imaging, tele-radiology), and Newborn Care
- Partners include GE Healthcare, Wipro, Medtronic and other diagnostic-equipment manufacturers
- Claims to impact "over 6 million lives every year" with reach into Tier-2/Tier-3 Indian cities
- also runs a B2B e-commerce storefront at store.genworkshealth.com
- Registry classification (Tofler) separately lists it as a "radiology, medical surgery & cardiology solutions" service provider
- Founding-story/history details (e.g., exact spinout narrative from GE) were not found on currently accessible pages — partial
Directors
ConfirmedConfirmed via Tofler (best source for DINs), cross-checked against TheCompanyCheck's director-name list (names match; TheCompanyCheck did not show DINs):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Ganeshprasad Sengamalam | 01501368 | - | - |
| Avinash Anand Kenkare | 03303607 | - | - |
| Balaji Raghupathy Ramachandran | 08837969 | - | - |
Financials
Partial / conflictingLatest fiscal year referenced: FY ending March 2025 (standalone, entity-level — no consolidated statement found). Source: Tofler (registry-derived, MCA-filing based), cross-referenced loosely with TheCompanyCheck (same headline revenue band, likely same underlying filing).
- Revenue: ₹150–200 Cr band, down ~54.91% YoY (Tofler) — partial (exact figure gated behind Tofler Pro)
- Gross margin: 1.89%; Operating margin: -8.63%; Net profit margin: -14.38% (i.e., PAT is negative) (Tofler)
- Net worth: declined ~62.37% YoY (absolute figure not obtained)
- Total borrowings: declined ~30.09% YoY (absolute figure not obtained)
- Total assets: declined ~22.5% YoY
- Debt-to-equity ratio: 11.34 (high leverage)
- EBITDA and exact PAT in rupee terms: not obtained (subscriber-gated)
Overall picture: revenue nearly halved and profitability negative in the latest reported year, alongside a still-elevated leverage ratio despite falling borrowings.
Charges / Loans
ConfirmedConfirmed (Tofler): Total charged/secured loan amount exceeds ₹315 Cr across 11+ financial institutions/lenders, including:
- IDFC First Bank — ₹90 Cr
- HDFC Bank — ₹79.3 Cr
- Vivriti Capital — ₹45 Cr
- Northern Arc Capital — ₹35 Cr
(Remaining ~₹66 Cr spread across other lenders not itemized in the accessible view.) Individual charge-ID/date-of-creation details not obtained.
Legal
ConfirmedConfirmed via Indian Kanoon (4 case records found): 1. M/S PCCS Logistics Pvt. Ltd vs M/S Genworks Health Pvt. Ltd — Delhi District Court, dated 12 Aug 2025, Case No. 3938/2024. 2. Seaways Supply Chain Pvt. Ltd vs Genworks Health Pvt. Ltd — Madras High Court, dated 7 Oct 2025, Judge N.A. Venkatesh. 3. Seaways Supply Chain Pvt. Ltd vs Genworks Health Pvt. Ltd (second filing) — Madras High Court, dated 7 Oct 2025, Judge N.A. Venkatesh. 4. Seaways Supply Chain Pvt Ltd vs Genworks Health Pvt Ltd — Madras High Court, dated 9 Sep 2025, Judge N.A. Venkatesh; involved an application to implead M/s. Noble Logistics Private Limited as a party. All four appear to be commercial/logistics-payment disputes (as defendant), not regulatory or criminal matters. Case titles suggest the same underlying dispute(s) may be duplicated/cross-referenced across filings — noted as a possible near-duplicate rather than 4 fully independent disputes.
Competitors
Partial / conflicting- Not confirmed with high precision — web search budget was exhausted mid-session and targeted fetches did not surface a named competitor list
- Based on business-overview overlap (medical device distribution/integration, radiology-cardiology-diagnostics equipment, connected care in India), the plausible peer set (unverified, offered as reasonable category peers rather than confirmed via a source) includes: Trivitron Healthcare (large-scale), Skanray Technologies (large-scale), Allengers Medical Systems (mid-scale), Nidhi Meditech/other regional radiology-cardiology distributors (small-mid scale), and BPL Medical Technologies (mid-large scale)
- Flag: this list is inferred from sector knowledge, not source-verified — treat as directional only
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