Aprameya Engineering Ltd - Stock Valuation and Financial Performance

The company was originally formed as a partnership firm in the name and style of ‘Aprameya Engineering’ pursuant to a deed of partnership dated September 05, 2003, registered as on August 13, 2004 vide Registration certificate issued by Registrar of Firms, Ahmedabad City, Ahmedabad under the provisions of the Indian Partnership Act, 1932. Subsequently, the company was incorporated pursuant to a certificate of incorporation dated December 28, 2021 issued by the Registrar of Companies, Central Registration Centre following the conversion of the partnership firm ‘Aprameya Engineering’ to a Private Limited Company. Further, pursuant to special resolution passed by the shareholders of the company at the Extra Ordinary General Meeting, held on April 22, 2022, the company was converted into a Public Limited Company and consequently the name of the company was changed from ‘Aprameya Engineering Private Limited’ to ‘Aprameya Engineering Limited’ vide a fresh certificate of incorporation consequent upon conversion dated May 12, 2022, issued by the Registrar of Companies, Ahmedabad, Gujarat.

Aprameya Engineering started the business as a partnership firm on September 05, 2003 and has grown its business with the objective of delivering healthcare solutions focused on cost effectiveness and improved accessibility. It is engaged in selling of high value medical equipment as a dealer of medical equipment manufacturers and suppliers such as Johnson & Johnson, Stryker India and many other medical equipment manufacturers. Apart from these companies it also has established cordial relationship with medical device manufacturers like Alan Electronic Systems, Draeger Medical India, Siemens Healthcare, Schiller Healthcare India, Epsilon, Resmed and many other medical devices manufacturers and suppliers for easy and timely procurement. With the knowledge and experience of over one & half decade in delivering the medical devices for patient care at reasonable outlay, it has during the year 2020 expanded its business activity by providing turnkey healthcare infrastructure solution by setting-up of ICU, NICU, PICU, operation theater projects and prefabricated structure ward on turnkey basis. Further, during the year 2024, it has undertaken setting up, installing and commissioning of dialysis centres across the state of Rajasthan.

Business area of the company

The company is engaged in the business of installation, set up & maintenance of Intensive Care Units (ICU), Neonatal Intensive Care Units (NICU), Pediatric Intensive Care Units (PICU), Operation Theatre, dialysis centres and prefabricated structure ward in the hospitals and medical care centres on turnkey basis along with supply of high value healthcare equipment and diagnostic equipment to private hospitals, Government hospitals and medical practitioners. Over the years, on the basis of its knowledge and understanding of the requirements of medical practitioners, industry standards and utility of the medical equipment, it has evolved ourselves and developed its capabilities in offering solutions in the field of healthcare services relating to ICU set up, dialysis centres setup, operation theatre setup and providing medical equipment for easing operation related to patient treatment, monitoring and diagnosis by hospitals, medical practitioners and diagnostic service providers. The company is engaged in the business of setting up of medical, healthcare infrastructure, supply of consumables, trading of medical and healthcare equipment’s and maintenance of the equipment supplied and installed by the company. Further, the company has many times received commission from the equipment suppliers for supply of the medical equipment directly to the customers.

Key awards, accreditations or recognitions

• 2015: Received Certificate of Excellence (Silver Category, Year: 2015) in the Stryker Dealer Meet, 2016.
• 2015: Won Best Performer of the Year 2014-15 award from Alan Electronics Systems. 
• 2021: received Certificate of Appreciation of Top Annual Sales Performance 2021 from Draeger Medical India Private Limited.
• 2021: Received Certificate of Achievement: 2nd Runner up: Best Sales Performance for the year 2020 issued at April 9, 2021 from Alan Electronics Systems.
• 2022: Received Certificate of Achievement: 2nd Runner up: Sales Performance for the year 2021-22 Issued at April 23, 2022 from Alan Electronics Systems.
• 2022: Received Certificate and Achievement for outstanding and Exemplary Contribution during the year 2022 from Stryker India Private Limited.
• 2022: Received Certificate of Achievement – Quota Achiever from Stryker India Private Limited.

Major events and milestones

• 2003: Partnership Firm in the name and style of Aprameya Engineering founded by Chetan Mohan Joshi and Saurabh Kishorbhai Bhatt.
• 2004: The firm entered into a distributorship agreement with Johnson & Johnson Private Limited.
• 2004: The firm entered into an agreement with Alan Electronic System Private Limited for completing the Market of ELSY 360 series Diathermy Equipment being manufactured by them.
• 2009: Entered into agreement with Karl Storz Endoscopy India Private Limited for supplying of medical equipment to the Rajasthan Government.
• 2020: Commencement of business related to setting up of ICU/OT/PICU/NICU.
• 2020: Received the first tender for supply and installation of Operation Theatre on turnkey basis for S.M.S. Medical College, Jaipur.
• 2021: Incorporation of the company as ‘Aprameya Engineering Private Limited’ pursuant to the Conversion of Partnership firm into the Private Company as per the provisions of the Companies Act, 2013.
• 2022: Achieved a total income of Rs 20,000 lakh.
• 2022: Started with setting up of Minilabs for ICU/OT/PICU/NICU.
• 2023: Supply of Johnson & Johnson product Harmonic Scalpel (Gen 11) to AIIMS across India.
• 2024: Successfully Setting Up of 175 dialysis Centers across Government Hospitals in the state of Rajasthan.
• 2024: Secured Order from Gujarat Government for Renovation and Comprehensive Annual Maintenance Contract of Modular Operation Theatre in 5 Medical College Hospitals across Gujarat.