Amkay Products Ltd - Stock Valuation and Financial Performance

Amkay Products was originally incorporated as ‘Amkay Products Private Limited’ on October 25, 2007 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on August 02, 2023, the Company was converted into a Public Limited Company and consequently the name of the Company was changed from ‘Amkay Products Private Limited’ to ‘Amkay Products Limited’ vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated August 28, 2023 issued by the Registrar of Companies, Maharashtra, Mumbai.

It manufactures, assemble & market a comprehensive portfolio of medical devices, disposables and other Healthcare Products like Face Mask, Alcohol Swabs, Lancet Needles, Nebulizer, Pulse Oximeter, surgeon cap etc. used by healthcare centers, hospitals/clinics, nursing homes etc. widely spread across India. In addition, it is also engaged in branding and marketing of some of the products like Diapers, Plastic Gloves, Suction Machines etc. The company started its operations in year 2008 with manufacturing and supply of one product in a manufacturing unit taken on rent at Vasai in Mumbai. Gradually, more products were added to its portfolio & for further product expansion, over the period, it shifted to bigger manufacturing units from where it entered into branding & trading segment also along with manufacturing. The company’s product portfolio comprises of many product including Respiratory Disease Related Medical Devices, Surgical Disposables, Home Healthcare Products and Other Healthcare Products.

Its manufacturing facilities are equipped with requisite infrastructure including machineries, testing laboratory other handling equipment to facilitate smooth manufacturing process. Further, the company has accreditation with ISO 9001:2015 for quality management system from QRO Certification LLP. The company was founded in the year 2007 by one of its Promoters, Kashyap Pravin Mody, who has experience in the associated industry. Later, in 2011, Hemanshu Kantilal Batavia joined the company as Director who has an experience in the said industry. Its promoters are involved in the critical aspects of its business, including expansion, process and plant, finance, sales and marketing. Their understanding of the consumer difficulty, intuitive entrepreneurship and involvement in key aspects of its business has helped accelerate and drive its profitable growth.

Business area of the company 

It manufactures, assemble & market a comprehensive portfolio of medical devices, disposables and other Healthcare Products like Face Mask, Alcohol Swabs, Lancet Needles, Nebulizer, Pulse Oximeter, surgeon cap etc. used by healthcare centers, hospitals/clinics, nursing homes etc. widely spread across India. In addition, it is also engaged in branding and marketing of some of the products like Diapers, Plastic Gloves, Suction Machines etc.

Products of the company

• Surgical disposables 
• Home healthcare products 
• Respiratory disease related medical devices 
• Other healthcare products

History and milestones

• 2007: Incorporation of the Company. 
• 2012: Acquired Manufacturing Unit-I from Spect-Spares vide Deed of Conveyance. 
• 2016: Acquired Manufacturing Unit-II from Indo Rubber Industries vide Deed of Conveyance September. 
• 2021-22: Crossed Revenue of Rs 35 crore.
• 2023: Establishment of additional Warehouse Facility vide Leave and License Agreement.
• 2023: Conversion of the Company from Private Limited to Public Limited Company.