Welllness Forever Medicare Limited
Welllness Forever Medicare Limited
INE449T01060
Incorporation Date: 08-Feb-2028
Listing Status: DRHP Filed
About Welllness Forever Medicare Limited
Overview of Welllness Forever Medicare Limited
Wellness Forever Medicare Limited
1. About Company
Wellness Forever Medicare Limited is an Indian pharmacy and healthcare retail company headquartered in Mumbai, Maharashtra. Established in 2008 by Ashraf Biran, Gulshan Bakhtiani and Mohan Chavan, the company operates under the brand name Wellness Forever and provides medicines, healthcare products, personal care essentials and lifestyle products through its retail network.
The company follows an omnichannel business model, combining physical pharmacy stores with digital ordering and home-delivery services. It aims to make medicines and everyday healthcare essentials accessible through convenient retail formats, professional pharmacist support and a broad product assortment.
2. Introduction & Infrastructure
Wellness Forever operates a network of retail pharmacies across Maharashtra, Goa, Karnataka and Madhya Pradesh. Its stores cater to customers seeking prescription medicines, over-the-counter products, preventive healthcare items and general wellness essentials.
The company's infrastructure includes retail outlets, digital ordering channels, centralised distribution facilities and dedicated hospital pharmacies. Its Zero Error Distribution Centre (ZEDC) in Bhiwandi, Maharashtra, supports inventory management, storage, order processing and distribution to retail outlets.
The company also operates pharmacies within hospitals, enabling patients, healthcare professionals and hospital visitors to access medicines and healthcare products.
3. Business Model & Operational Verticals
Retail Pharmacy Operations: The company operates branded pharmacy stores that sell prescription medicines, over-the-counter medicines, healthcare products and other essential items. Its retail network serves both recurring prescription requirements and everyday consumer healthcare needs.
Omnichannel Retail: Wellness Forever integrates its physical stores with digital ordering through its website, mobile application, WhatsApp and telephone-based services. This allows customers to access products through different ordering channels.
Home Delivery Services: The company provides medicine and healthcare product delivery to customers, supported by its retail network and distribution infrastructure. Delivery availability and timelines depend on the location and service offered.
Hospital Pharmacy Operations: Wellness Forever operates pharmacies associated with hospitals and healthcare institutions, providing medicines and related products to patients and visitors.
Franchise Network: The company offers franchise opportunities that support the expansion of its retail footprint through partnerships with local entrepreneurs and property owners.
Supply Chain and Distribution: Its distribution infrastructure supports product procurement, inventory management, storage, stock replenishment and movement of goods to individual stores.
4. Key Product & Service Portfolio
Prescription Medicines: Medicines dispensed against valid prescriptions in accordance with applicable regulations.
Over-the-Counter Medicines: Non-prescription products used for common health concerns and everyday medical needs.
Nutraceuticals and Dietary Supplements: Products associated with nutritional support and general wellness.
Personal Care and Hygiene Products: Daily-use personal care, hygiene and grooming essentials.
Medical and Surgical Supplies: Selected healthcare equipment, first-aid products, medical consumables and related supplies.
Baby and Mother Care: Products catering to infant care, maternity and family healthcare requirements.
FMCG and Lifestyle Products: Everyday consumer goods and wellness-oriented lifestyle products.
Digital Ordering and Home Delivery: Services that enable customers to order medicines and healthcare essentials through supported digital and telephone channels.
5. Technology, Distribution & Supply Chain
Wellness Forever uses technology-enabled processes to support inventory accuracy, product availability and distribution efficiency across its retail network.
Its Zero Error Distribution Centre in Bhiwandi serves as a central supply chain facility, supporting stock control, storage, distribution and replenishment. The company has highlighted the use of integrated technology, automated sorting equipment and cold-chain management systems to support its distribution operations.
Digital ordering channels and centralised operational systems also help connect customers, retail outlets and backend teams. These capabilities are important for handling a broad product assortment and maintaining availability across multiple locations.
6. Management Details
Ashraf Biran – Co-founder: A pharmacist and pharmacy business owner who helped establish Wellness Forever and shape its pharmacy-led retail model.
Gulshan Bakhtiani – Co-founder: A co-founder whose background in sales and business development contributed to the company's establishment and expansion.
Mohan Chavan – Co-founder: A co-founder with experience in pharmaceutical distribution who contributed to building the company's pharmacy retail and supply chain capabilities.
The founders brought together experience in pharmacy operations, sales and pharmaceutical distribution to develop the Wellness Forever retail platform.
7. Industry & Business Ecosystem
Wellness Forever operates in India's organised pharmacy and healthcare retail sector. The industry serves demand for prescription medicines, preventive healthcare, personal wellness products and convenient access to essential medical supplies.
Its business ecosystem includes pharmaceutical manufacturers, medicine distributors, healthcare product suppliers, hospitals, doctors, pharmacists, retail customers, franchise partners and digital commerce platforms.
The sector is influenced by healthcare awareness, prescription demand, product availability, regulatory compliance, inventory management and customer trust. Omnichannel services, professional pharmacist support and efficient supply chains are important capabilities for pharmacy retailers operating across multiple locations.
8. Key Business Highlights
Established in 2008: Developed from a single pharmacy into a multi-location retail pharmacy and wellness chain.
Multi-State Presence: Operates across Maharashtra, Goa, Karnataka and Madhya Pradesh.
Omnichannel Business Model: Combines physical stores with website, mobile application, WhatsApp, telephone ordering and home delivery.
Broad Product Assortment: Offers medicines, nutraceuticals, personal care, medical supplies and lifestyle products.
Centralised Distribution Infrastructure: Uses its ZEDC facility in Bhiwandi to support stock management and store replenishment.
Hospital Pharmacy Presence: Operates pharmacy facilities associated with hospitals and healthcare institutions.
Franchise-Led Expansion: Provides opportunities for franchise partners to participate in the expansion of its retail network.
Healthcare-Focused Positioning: Combines medicine access, pharmacist assistance and everyday wellness products within a single retail platform.
Insights of Welllness Forever Medicare Limited
Wellness Forever Medicare Limited
Based on the consolidated profit and loss figures provided for FY26 and FY25. All monetary figures are in ₹ crore.
1. Financial Highlights
| Particulars | FY26 | FY25 | YoY Change |
|---|---|---|---|
| Net Revenue | 1,663.38 | 1,562.05 | +6.5% |
| Total Operating Cost | 1,542.09 | 1,470.95 | +4.8% |
| EBITDA | 121.29 | 91.10 | +33.1% |
| EBITDA Margin | 7.3% | 5.8% | +1.5 pp |
| Other Income | 9.71 | 9.18 | +5.8% |
| Depreciation & Amortisation | 115.88 | 119.56 | -3.1% |
| PBIT | 15.11 | -19.29 | Turned positive |
| Finance Costs | 38.34 | 37.54 | +2.1% |
| Profit Before Tax | -23.22 | -56.83 | Loss narrowed |
| Income Tax | -8.50 | -9.41 | Tax credit reduced |
| Total PAT | -14.73 | -47.42 | Loss narrowed 68.9% |
pp = percentage points. Figures and percentage changes are based on the supplied data.
2. What the Numbers Tell Us
- Revenue Growth: Revenue increased by 6.5%, from ₹1,562.05 crore in FY25 to ₹1,663.38 crore in FY26, indicating continued sales growth.
- Improved Operating Profitability: EBITDA increased by 33.1%, while operating costs grew by only 4.8%. The EBITDA margin improved from 5.8% to 7.3%, reflecting better operating cost efficiency.
- Return to Positive Operating Profit: PBIT improved from a loss of ₹19.29 crore in FY25 to a profit of ₹15.11 crore in FY26, supported by higher EBITDA and lower depreciation.
- Finance Cost Pressure: Finance costs rose slightly to ₹38.34 crore and exceeded PBIT of ₹15.11 crore, contributing to the loss before tax of ₹23.22 crore.
- Significant Reduction in Net Loss: Net loss narrowed by approximately 68.9%, from ₹47.42 crore in FY25 to ₹14.73 crore in FY26. The reported tax benefit also helped reduce the final loss
3. Key Financial Observations
Improving margins: The EBITDA margin increased by approximately 1.5 percentage points.
Better operating performance: Revenue growth combined with slower operating-cost growth supported higher EBITDA.
Interest burden: Finance costs remain a key hurdle to achieving positive profit before tax.
Progress toward profitability: The reduction in net losses is encouraging, but the company has not yet achieved positive net profit.
4. Key Takeaways
Revenue grew by 6.5% in FY26.
EBITDA increased by 33.1%, reaching ₹121.29 crore.
PBIT turned positive at ₹15.11 crore.
Net loss narrowed by 68.9%, from ₹47.42 crore to ₹14.73 crore.
Finance costs remain a major constraint on the company's ability to achieve net profitability.
Financial Charts of Welllness Forever Medicare Limited
Balance Sheet of Welllness Forever Medicare Limited
Profit and Loss of Welllness Forever Medicare Limited
Ancillary of Welllness Forever Medicare Limited
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Welllness Forever Medicare Limited
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How to buy Welllness Forever Medicare Limited?
Below are three ways through which you can purchase Welllness Forever Medicare Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Welllness Forever Medicare Limited, please click on the trade button at the top of this page
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Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Welllness Forever Medicare Limited?
Below are three ways through which you can sell Welllness Forever Medicare Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Welllness Forever Medicare Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Welllness Forever Medicare Limited?
We provide a two way quote on all the shares we deal in. Your buy price for Welllness Forever Medicare Limited is ₹N/A and your sell price for Welllness Forever Medicare Limited is ₹N/A. The price is based on our estimates and market conditions.
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What is the lock-in period of Welllness Forever Medicare Limited?
The lock-in period for Welllness Forever Medicare Limited varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Welllness Forever Medicare Limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Welllness Forever Medicare Limited
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Welllness Forever Medicare Limited price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Welllness Forever Medicare Limited. The price is also determined from the most recent funding round for Welllness Forever Medicare Limited. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Welllness Forever Medicare Limited?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Welllness Forever Medicare Limited with us kindly click here.
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What are the financials of Welllness Forever Medicare Limited?
The financials of Welllness Forever Medicare Limited which includes the P/L of Welllness Forever Medicare Limited and the Balance Sheet of Welllness Forever Medicare Limited is in the financials section (Click on link).
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Where can I find the annual report of Welllness Forever Medicare Limited?
The annual report of Welllness Forever Medicare Limited is available in the annual report section (Click on link).
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Is buying Welllness Forever Medicare Limited legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Welllness Forever Medicare Limited?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Welllness Forever Medicare Limited and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Welllness Forever Medicare Limited once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Welllness Forever Medicare Limited?
At Altius Investech, our approach to sourcing Welllness Forever Medicare Limited unlisted shares involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Welllness Forever Medicare Limited unlisted shares. This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Welllness Forever Medicare Limited from its platform?
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With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
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