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About Medistep Healthcare Ltd Medistep Healthcare Limited, established on June 5, 2023, is a Gujarat-based pharmaceutical company specializing in manufacturing and trading healthcare products. The company was formed by acquiring the proprietorship business, M/s MG Pharma, run by promoter Ms. Prajapati Hetalben Girdharilal, through a business transfer agreement signed in July 2023. This strategic move transitioned the thriving proprietorship firm into a full-fledged public limited entity.
Prior to the acquisition, M/s MG Pharma focused on the trading and distribution of a wide range of healthcare products, including pharmaceutical items, intimate care and hygiene products, surgical equipment, and nutraceutical products. Building upon this foundation, Medistep Healthcare Limited has further expanded its operations to include manufacturing key products such as sanitary pads and energy powder, which is scheduled to commence in January 2024.
The company’s business model integrates manufacturing alongside distribution through an established network, enabling both product diversification and market penetration. By leveraging its expertise and existing operations in the healthcare industry, Medistep Healthcare Limited aims to strengthen its position in a competitive market. The firm is planning a public issuance of 37,44,000 equity shares of Rs 10/- each through a Fresh Issue and Offer for Sale, signaling its intent to raise capital and fuel future growth while potentially offering investment opportunities.
Medistep Healthcare Limited’s combination of proprietary manufacturing and diversified trading activities positions it as a growing player in the healthcare sector, with a focus on consumer health and wellness products. The planned capital raise reflects its ambition to scale operations and enhance market presence.