myMD Healthcare Pvt Ltd. - Comprehensive Analysis Report
Summary
myMD Healthcare Pvt Ltd. is an unlisted private company incorporated in India, operating a chain of advanced medical polyclinics. Its core mission is to transform Indian healthcare by providing personalized, comprehensive, and compassionate care, aiming to contribute to a healthier India. The company differentiates itself by integrating multi-specialty outpatient facilities with essential ancillary services like pharmacies, diagnostic testing, and occupational therapy within a comprehensive healthcare network. This approach prioritizes patient well-being, minimizes redundant costs, and enhances accessibility to high-quality medical care.
1. Strategic Focus & Objectives
Core Objectives
myMD Healthcare's main business objectives include delivering personalized, comprehensive, and compassionate care, leveraging technology, and adopting a patient-centric approach to improve healthcare outcomes and accessibility. The company focuses on ensuring consistent clinical coverage across its network of facilities.
Specialization Areas
The company specializes in multi-specialty outpatient facilities, offering services across various medical disciplines. Its unique value proposition lies in integrating these specialties with ancillary services such as pharmacies, diagnostic testing, and occupational therapy at unified medical centers for comprehensive care. This integration aims to minimize inconveniences and redundant healthcare costs. myMD Healthcare also emphasizes preventive care and establishing strong patient-doctor relationships where doctors dedicate time to understand concerns and tailor treatments.
Target Markets
myMD Healthcare's primary market is India, with 25 operational myMD centers located across West Bengal. The company targets individuals and families seeking accessible, high-quality, and comprehensive medical care, aiming to make healthcare equitable.
2. Financial Overview
Funding History
myMD Healthcare Pvt Ltd. is currently an unfunded company.
As of March 31, 2024, the company recorded an operating revenue range of INR 1 crore to INR 100 crore (approximately USD 1.37 million to USD 16.5 million). Specifically, its revenue for the financial year ending March 31, 2024, was INR 16.5 crore, demonstrating a compounded annual growth rate (CAGR) of 79% in the last year. The authorized share capital is INR 30.00 lakh, and the total paid-up capital is INR 11.54 lakh.
myMD Healthcare is associated with two legal entities:
MYMD HEALTHCARE PRIVATE LIMITED: Incorporated on July 2, 2019, with a revenue of USD 2 million as of March 31, 2024.
HEALWISE THERAPEUTICS PRIVATE LIMITED: Incorporated on January 23, 2020, with a revenue of USD 1.37 million as of March 31, 2024.
The last Annual General Meeting (AGM) for MYMD HEALTHCARE PRIVATE LIMITED was held on September 28, 2024, and its balance sheet was last filed on March 31, 2025.
3. Product Pipeline
Key Products/Services
myMD Healthcare provides a range of integrated medical services through its polyclinics:
Doctor Consultations: Across various specialties including general physicians, gynecologists, and cardiologists.
Multi-specialty Outpatient Facilities: Offering consultations covering a broad spectrum of medical needs.
Diagnostic Testing: Essential ancillary services integrated within the centers.
Pharmacy Services: In-house pharmacies for convenient access to medicines.
Occupational Therapy: Ancillary services for rehabilitation and well-being.
Online Services: Digital functionalities for booking appointments, ordering medicines, booking tests and checkups, and access to a health blog.
4. Technology & Innovation
myMD Healthcare leverages technology to deliver accessible and patient-centric medical solutions. The company utilizes a technology-enabled platform to enhance healthcare outcomes and accessibility. This includes digital functionalities for booking appointments, ordering medicines, booking tests and checkups, and accessing a health blog, all aimed at improving patient convenience and streamlining healthcare processes.
5. Leadership & Management
Executive Team
Anshul Agarwal: Founder and Director. Anshul Agarwal has 9 years of experience in corporate governance, holding Director roles in various companies, including Bimla Devi Aarogya Foundation and Strathspey Labs Private Limited. His background spans general business and healthcare, contributing to corporate operations. His professional engagements demonstrate expertise in business development and strategic oversight.
LinkedIn: https://in.linkedin.com/in/anshulagarwalofficial
Mukul Nag: Director. Mukul Nag (DIN 03168627) is a director actively associated with various companies such as KULFI VENTURES PRIVATE LIMITED, SHERPA EDUTECH PRIVATE LIMITED, NARNOLIA VELOX ADVISORY LIMITED, BIMLA DEVI AAROGYA FOUNDATION, and CLIRNET SERVICES PRIVATE LIMITED. He was appointed as a Director of MYMD HEALTHCARE PRIVATE LIMITED on July 2, 2019.
Saurav Kasera: Director.
Max Kamhi: Director.
Vishal Kanodia: Director. Vishal Kanodia brings 8 years of experience in corporate governance, currently serving as a Director in 5 companies, including Mymd Healthcare Private Limited and Bimla Devi Aarogya Foundation. He has also been associated with entities like Healwise Therapeutics Private Limited, with expertise across Healthcare and General Business sectors.
LinkedIn: https://in.linkedin.com/in/vishal-kanodia-996b01138
Recent
Leadership ChangesNo specific information on recent significant leadership changes beyond the initial director appointments was provided. Directors of MYMD HEALTHCARE PRIVATE LIMITED include Mukul Nag, Saurav Kasera, Max Kamhi, and Vishal Kanodia.
6. Talent and Growth Indicators
Hiring Trends and Workforce
As of December 31, 2024, myMD Healthcare Private Limited has a workforce of 414 employees, indicating a 9.0% increase since October 2023, when the employee count was 355. The company actively recruits for roles that support its healthcare operations, particularly non-pharmacist positions. These roles involve assisting in pharmacy and healthcare operations, handling billing, documentation, inventory support, managing patient queries, and coordinating with various departments. Key skills sought include decision-making, attention to detail, strong communication, and teamwork. This consistent growth in employee numbers reflects the company's expansion trajectory.
7. Social Media Presence and Engagement
Digital Footprint
myMD Healthcare maintains an active digital footprint across several social media platforms to engage with its audience, disseminate health information, and promote its services.
Facebook: The company's Facebook page (https://www.facebook.com/mymdhealth/) has 5.6K followers. It is used for regular updates on health tips, medical awareness, and service offerings.
Instagram: On Instagram (handle: mymdcare, https://www.instagram.com/mymdcare/), the company has 1,328 followers, sharing similar health-related content and promoting its clinics.
YouTube: The "MyMD Healthcare" YouTube channel (https://www.youtube.com/@myMDHealthcare) features videos primarily in Bengali, covering a range of health topics, doctor interviews, and explanations of services, aiming to educate and inform the community.
LinkedIn: The corporate entity, "MYMD HEALTHCARE PVT LTD" (https://www.linkedin.com/company/mymd-healthcare-pvt-ltd/), maintains a presence on LinkedIn, sharing company updates and job postings. These platforms collectively contribute to brand positioning, thought leadership, and community engagement.
8. Recognition and Awards
No specific information about major industry awards, accolades, rankings, analyst mentions, or media coverage highlights was available.
9. Competitive Analysis
Major Competitors
myMD Healthcare Pvt Ltd. operates in a competitive Indian healthcare market, competing with 57 active healthcare providers. Key competitors include:
HCL Healthcare: A prominent player in the healthcare sector, offering a range of medical services.
Apollo Clinic: A well-established chain of clinics known for its widespread presence and multi-specialty services.
RxDx Healthcare: Another significant competitor providing integrated healthcare solutions.
* Healthspring: This competitor recently secured a funding round in December 2023, indicating active growth and investment attraction.
These competitors generally offer similar services such as multi-specialty consultations, diagnostic testing, and pharmacy services, creating a dynamic and competitive landscape for myMD Healthcare.
10. Market Analysis
Market Overview
myMD Healthcare operates in the rapidly evolving Indian healthcare market. This market is characterized by a strong emphasis on providing accessible and high-quality medical care through established networks of outpatient facilities. Key market trends include a focus on reducing healthcare costs and inconveniences, making healthcare more equitable, and delivering personalized, comprehensive, and compassionate care through the integration of technology and a patient-centric approach. The company's classification under "Social work activities" (NIC Code 853) indicates its involvement in community, personal, and social services within the broader Indian corporate ecosystem. The total addressable market is substantial, driven by the ongoing demand for improved healthcare infrastructure and services across India's diverse population.
11. Strategic Partnerships
No specific information regarding strategic partnerships was available.
12. Operational Insights
myMD Healthcare differentiates itself through an integrated healthcare delivery model. This approach combines multi-specialty group practices with essential ancillary services such as pharmacies, diagnostic testing, and occupational therapy within unified medical centers, ensuring comprehensive and consistent clinical coverage. The company's competitive advantages stem from its focus on minimizing redundant healthcare costs and inconveniences, aiming to make healthcare more equitable. Operationally, it emphasizes preventive care and establishing strong patient-doctor relationships, where doctors dedicate adequate time to understand patient concerns and tailor treatments. This patient-centric model forms a core operational strength.
13. Future Outlook
Strategic Roadmap
myMD Healthcare plans to expand its line of products and services to cater to a broader client base. The company's strategy involves continuous updates with the latest industry trends and best practices, striving to make them available to everyone. By focusing on integrated medical services encompassing consultations, diagnostics, and pharmacies, myMD Healthcare is strategically positioned to further enhance healthcare accessibility and quality across India. Planned initiatives include expanding its network of polyclinics and deepening its technological integration to improve service delivery and patient experience.
