COMPANY INTELLIGENCE PROFILE
Medcords Healthcare Solutions Private Limited
MedCords is a Kota (Rajasthan) based rural healthtech platform operating consumer app "Aayu" (medicine search/delivery, AI-assisted doctor teleconsultation, digital storage of medical records) and "Sehat Sathi" (onboards local pharmacies as digital hubs in ~5 minutes to serve as last-mile patient access points).
Business Overview
MedCords is a Kota (Rajasthan) based rural healthtech platform operating consumer app "Aayu" (medicine search/delivery, AI-assisted doctor teleconsultation, digital storage of medical records) and "Sehat Sathi" (onboards local pharmacies as digital hubs in ~5 minutes to serve as last-mile patient access points). Founded 2016/2017; pivoted from digitising health records to a healthcare marketplace for "Bharat" (Hindi-speaking, tier 2/3 and rural India). During COVID-19 it partnered with the Rajasthan Government for 24x7 online consultation and medicine delivery. Reported scale (Aug 2020): ~2.5M users, ~2M digitised health records, ~5,000 doctors, 7,000+ integrated medical stores across ~13 states. Source: Inc42, YourStory, PRNewswire, CIOL.
Sector & Classification
Healthtech / online healthcare (telemedicine + tele-pharmacy). CIN sector code 74999 (Other Business Services); activity classified as "Other Hospital and Medical Care Activities" (NIC Division Q86). Source: TheCompanyCheck, Tofler.
Directors & Key Management
Directors — source notes
Roster conflicts across aggregators (data staleness) — reported partial. Confirmed/most-cited: Shreyans Mehta (DIN 07496505, co-founder, appointed 15 Sep 2016 — Tofler gives DIN); Nikhil Baheti (co-founder, appointed 03 Apr 2017, DIN not obtained); Roshita Jain (appointed 01 Aug 2025, DIN not obtained — per TheCompanyCheck current board); Hemlata Goswami (DIN 08301632, listed as Additional Director by Tofler — possibly former); Saidanaik/Saida Dhanavath (co-founder, DIN not obtained). TheCompanyCheck notes ~6 former directors (not itemised). Sources: TheCompanyCheck, Tofler, Insider Biz. Only Shreyans Mehta DIN (07496505) and Hemlata Goswami DIN (08301632) are source-supported; all others "not obtained".
GST Registrations
not obtained — GSTIN could not be retrieved from an individual GSTIN source (KnowYourGST/FindGST individual pages did not surface a number, and company-listing pages are excluded). Home state: Rajasthan (GST state code 08). Number of registrations, status, PAN linkage: not obtained. Not invented per rules.
Financials
Standalone (unlisted; consolidated not applicable/none found). FY2025 (year ended 31 Mar 2025): Revenue ₹92.04 Lakh, down ~67% YoY (Source: TheCompanyCheck, IndiaFilings — agree). EBITDA / PAT / net worth: not obtained (paywalled). FY2023 (year ended Mar 2023, Tofler): operating revenue in the ₹1 Cr–₹100 Cr band; total revenue reportedly +527.58% YoY; net worth reportedly declined ~96.83%; borrowings reduced ~100%; total assets down ~76.9% (Tofler, directional figures only). Historical FY2021–FY2024 line items behind paywall — not obtained. Note: revenue has contracted sharply into FY2025, consistent with a scaled-down operation.
Funding History
Aggregator-sourced (round-level only). Total raised ≈ US$5.36M across ~6 rounds from ~32 investors (Tracxn/CB Insights). Info Edge (India) Ltd invested ~US$377,071. Seed round reported Jun 2019; a Series A round Mar 2020; latest "Series A-III" ≈ US$0.73M on 1 Oct 2021. Key investors: Info Edge, WaterBridge Ventures, Astarc Ventures/Group, CIIE (IIM Ahmedabad), and the iStart Rajasthan government programme. Exact round sizes partly redacted in sources. Sources: Tracxn (round names), Crunchbase, CB Insights, Inc42, Enablers.
Loans & Charges
None — no charges (loans/mortgages) registered with the RoC. Source: TheCompanyCheck and Tofler (agree). Confirmed.
Credit Ratings
None found / unverified. No CRISIL, ICRA or CARE rating located for this entity. A bond ISIN reference (INE05XC03038) appeared on a third-party listing but was NOT verified as belonging to this company and is excluded to avoid entity-confusion. Treat as "none found".
Legal & Compliance
None found — an Indian Kanoon search for "Medcords Healthcare Solutions" returned no matching cases. Source: indiankanoon.org (0 results).
Competitive Landscape
Rural/consumer telemedicine and e-pharmacy peers: Practo (large), Tata 1mg (large), PharmEasy/API Holdings (large), MediBuddy–DocsApp (mid-large), mfine/LifeWell (mid), Lybrate (mid), NetMeds/Reliance (large). MedCords itself is small-scale/early-stage by comparison, differentiated by its rural, local-pharmacy ("Sehat Sathi") last-mile model. Source: Tofler/aggregator competitor sets, Inc42.
Frequently Asked Questions
What does Medcords Healthcare Solutions Private Limited do?
MedCords is a Kota (Rajasthan) based rural healthtech platform operating consumer app "Aayu" (medicine search/delivery, AI-assisted doctor teleconsultation, digital storage of medical records) and "Sehat Sathi" (onboards local pharmacies as digital hubs in ~5 minutes to serve as last-mile patient access points).
What is the CIN of Medcords Healthcare Solutions Private Limited?
Medcords Healthcare Solutions Private Limited's Corporate Identification Number (CIN) is U74999RJ2016PTC055981.
When was Medcords Healthcare Solutions Private Limited incorporated?
Medcords Healthcare Solutions Private Limited was incorporated on 15 September 2016 and is registered with RoC-Jaipur, Rajasthan.
Who are the directors of Medcords Healthcare Solutions Private Limited?
Directors on record include Shreyans Mehta (DIN 07496505); Hemlata Goswami (DIN 08301632).
Where is Medcords Healthcare Solutions Private Limited registered?
The registered office of Medcords Healthcare Solutions Private Limited is at Plot No. 2, Basant Vihar Main Road, Dadabari Extension, Kota, Rajasthan, India – 324009. Source: TheCompanyCheck, Tofler, Connect2India (agree)..
Information compiled from public registry and secondary sources (as of 2026-07-28). It may be incomplete or dated; verify independently before relying on it. Known gaps: GSTIN(s) and PAN not obtained; most director DINs unconfirmed (only Shreyans Mehta 07496505 and Hemlata Goswami 08301632 sourced); current board roster conflicts between TheCompanyCheck and Tofler; detailed audited financials (EBITDA, PAT, net worth, year-by-year) paywalled; exact shareholding/cap table and precise funding round sizes not obtained; paid-up capital figure conflicts (₹23.67L vs ₹23.42L); no credit rating confirmable (bond ISIN reference unverified).