What we do QMS Medical Allied Services Ltd markets, trades, and distributes a wide range of medical devices and equipment under its brand Qdevices and others, serving healthcare professionals. |
Founded in 2,017 |
Market share A notable player in India's medical devices distribution with expanding brand presence and key partnerships with reputed pharma brands. |
Problem solved Provides affordable, quality medical devices and continuous medical education, enhancing healthcare delivery and professional knowledge. |
Top clients or who we serve Serves healthcare providers including clinics, hospitals, and medical professionals. Key clients include 3M, Rossmax, Heine among others. Focus on B2B. |
Key management Mahesh Pahalraj Makhija (Chairman and Managing Director) with extensive industry and leadership expertise. |
Our journey and innovations Incorporated in 2017, went public in 2022, launched 'Qdevices' brand, and acquired Saarathi Healthcare in 2024 to expand service portfolio. |
Where we operate Primarily operates in India with national reach through distribution and online platforms. |
Top products or what we offer Medical devices like blood pressure monitors, glucometers, pulse oximeters, diagnostic machines, and online CME programs via Educamedics. |
Top brands Qdevices (#1 in affordable medical devices), distributes renowned brands such as 3M, Heine, Rossmax, BPL, Volk. |
Raw materials needed Medical-grade plastics, electronic components, and consumables for manufacturing device accessories and consumables. |
Raw materials supplier Suppliers vary; products sourced from established brands like 3M, Heine and local manufacturers. |
Recurring vs cyclical contribution Revenue is primarily recurring from medical equipment sales and recurring consumable supplies along with periodic educational program enrollments. |
Our industry position Growing reputation among medical device distributors in India with strategic partnerships; building a visible brand in medical devices. |
Financial highlights FY 2024-25 consolidated revenue Rs 157.73 crore; net profit Rs 13.70 crore; showing strong growth over previous year. |
Geographical revenue split Revenue predominantly from pan-India operations; no specific export markets reported yet. |
Order book - |
Whats driving growth Strong demand for healthcare products, expansion of product portfolio and medical education services, and recent acquisition driving growth. |
Our future plans Focus on expanding product range under Qdevices, increasing market share, leveraging subsidiary Saarathi Healthcare, and potential rights issue funding. |
Our green promise Limited disclosure, but energy conservation measures initiated and CSR activities focused on community welfare. |
Our people and values 144 employees with a culture emphasizing trust, mutual respect, and talent development; diversity initiatives ongoing. |
Key challenges ahead Competition in medical device market, regulatory compliance, and ensuring sustainable growth amid changing healthcare needs. |
Interesting facts Launched CME portal Educamedics; acquired majority stake in Saarathi Healthcare; raised Rs 56.87 crore via public issue in 2022. |
Risks and strategy Mitigation includes regulatory compliance, expanding product portfolio, and continuous innovation in medical education and device affordability. |
