RICHESM HEALTHCARE LIMITED

Business Overview

• Richesm Healthcare Limited, brand "RichesM", is an omnichannel e-commerce retailer in the health, beauty, wellness and nutrition space, incorporated Feb 2021 and based in Noida, UP.
• Per its 2024 DRHP, via Chittorgarh.com: it sells organic foods, OTC medical supplies, nutraceuticals, ayurvedic supplements, FMCG and wellness/beauty products online via its own sites www.richesm.com and www.richesmagro.com plus third-party marketplaces, and offline via fulfilment centres, physical stores and a B2B network across India and select international markets.
• It also runs a "Sell with Us" program helping manufacturers/traders/producers of organic foods, sports nutrition, nutraceuticals and ayurveda/wellness products reach customers.
• As of 30 June 2024 it had 14 full-time and 7 contractual employees (DRHP).
• Recognised as a DPIIT startup, TheCompanyCheck.
• Note: as of this data pull, richesm.com resolves to a default/parked hosting page, suggesting the live site may currently be down or lapsed, even though it was the confirmed official domain per DRHP/Chittorgarh contact details and social profiles.

Sector & Classification

CIN-derived NIC code 24299 ("Manufacture of other chemical products n.e.c.") — a common MCA classification artifact. Actual reported RoC business activity (TheCompanyCheck): Group G "Trade" / Activity G2 "Retail Trading" — the company is in practice an e-commerce/omnichannel retailer of health, wellness, nutrition and ayurveda products (see Business Overview), not a chemicals manufacturer.

Directors & Key Management

GST Registrations

Primary/home-state GSTIN (verified, single independent source): 09AAKCR7678A1ZZ - Uttar Pradesh, status "Active Regular", registered 01 May 2021, constitution Public Limited Company (Source: gst.unifers.ai). PAN: AAKCR7678A. Additional registrations surfaced only in secondary search snippets (NOT independently verified on a dedicated GSTIN lookup page, so treat as partial): 06AAKCR7678A1Z5 (Haryana) and 33AAKCR7678A1Z8 (Tamil Nadu, one snippet flagged this one as "Suspended"). This implies at least 3 state-wise GST registrations consistent with the DRHP's description of a pan-India B2B/omnichannel sales network, but the exact live count/status of all registrations is "not obtained" with full confidence.

Financials

• Restated standalone financials from the 2024 DRHP, Source: Chittorgarh.com "Company Financials (Restated)" table; FY24 revenue figure corroborated independently by TheCompanyCheck, all Rs Crore: FY2022, year ended 31 Mar 2022, - Total Income 1.56, PAT ~0.00, Net Worth 0.72, Reserves & Surplus 0.31, Total Borrowings 0.31, Assets 1.46.
• FY2023 - Total Income 12.19, PAT 0.73, Net Worth 3.75, Reserves & Surplus 3.30, Total Borrowings 1.43, Assets 9.43.
• FY2024 - Total Income 86.06, TheCompanyCheck independently reports "Revenue FY2024 Rs 86.06 Cr, up 606.00% YoY", PAT 17.41, Net Worth 29.76, Reserves & Surplus 12.33, Total Borrowings 5.65, Assets 54.35.
• FY2024 KPIs (DRHP): ROE 58.49%, ROCE 49.17%, RoNW 58.49%, PAT Margin 20.24%, NAV/share Rs 17.07, Pre-IPO EPS Rs 9.98.
• EBITDA not separately obtained/locked behind paywall on TheCompanyCheck - "not obtained".
• Auditor: NKSC & Co. for FY2024, TheCompanyCheck; appointment/cessation dates locked.

Funding History

• No institutional/VC equity funding rounds were found in any source searched, no Tracxn round names surfaced despite checking.
• The company's only capital-raise event on record is the attempted BSE SME IPO: DRHP filed with SEBI/exchange 5 Aug 2024 for a fresh issue of up to 62,86,400 equity shares, face value Rs 10, intended to raise funds for working capital (~Rs 26.40 Cr), inorganic growth (~Rs 3.00 Cr), and general corporate/issue expenses
• Lead manager Khandwala Securities Ltd, registrar Skyline Financial Services Pvt Ltd. The offer documents were WITHDRAWN on 7 Feb 2025, Source: Chittorgarh.com, and no relaunch has been found as of this data pull.

Shareholding

• Pre-IPO shareholding structure from the 2024 DRHP, Source: Chittorgarh.com: Promoter & Promoter Group - 1,47,02,924 shares (84.32%)
• Others, public + non-promoter non-public, - 27,34,777 shares (15.68%)
• Total pre-issue 1,74,37,701 shares. Named promoters: Ashish Aggarwal and Dilmeet Kaur. Post-IPO structure is not applicable since the issue was withdrawn before allotment. No further shareholding changes since have been found.

Loans & Charges

• Per TheCompanyCheck, MCA charge-filing data: Open charges totalling Rs 23.78 Cr
• open, 08 Feb 2023, Satisfied. Total of 5 charge records on file

Related Parties

• Group/common-director entities identified via TheCompanyCheck's "companies with common directors" data, directors Ashish Aggarwal, Dilmeet Kaur, and Gurmeet Singh overlap across these: Rich Ocean Services Private Limited (Allahabad, UP; inc.
• 09 Apr 2018), Richesm Foundation (Ghaziabad, UP; inc.
• 06 Oct 2022), Richesm Fulfillment Solutions Private Limited (Ghaziabad, UP; inc.
• 02 Jun 2023), Richesm Ventures Private Limited (Thane, Maharashtra; inc.
• 13 Feb 2024), Richesm Wellness And Hospitality Private Limited (Ghaziabad, UP; inc.
• 04 Feb 2024), Euphoric Corporation LLP (Ghaziabad, UP; inc.
• 27 Apr 2023).
• All shown as Active.
• No related-party transaction values were obtained, behind paywall/not found, - relationship confirmed, financial terms "not obtained".

Credit Ratings

• Not obtained / none found.
• Targeted searches for CRISIL, ICRA and CARE ratings on "Richesm Healthcare" returned no results, and TheCompanyCheck's credit-rating section is empty/locked with no agency name shown even in its free preview - consistent absence across 2 independent checks suggests no public credit rating exists for this entity.

Competitive Landscape

• Peers in the D2C/omnichannel health, nutrition, ayurveda & wellness e-commerce space, analytical selection, not directly sourced, - HealthKart, large, VC-funded, national-scale sports/nutrition marketplace - much larger scale, OZiva, VC-funded D2C nutrition/wellness brand - larger scale, Wellbeing Nutrition, VC-funded D2C wellness supplements - comparable-to-larger scale, Kapiva Ayurveda, Marico-backed ayurveda/nutrition D2C - larger scale, Baidyanath/Nutriorg, established ayurveda FMCG players - larger, legacy scale, INLIFE Healthcare, smaller D2C supplements brand - comparable/smaller scale.
• Richesm Healthcare, ~Rs 86 Cr FY24 revenue, unlisted, no disclosed VC funding, sits at the smaller end of this peer set, most of which have raised institutional venture funding that Richesm has not.

Frequently Asked Questions