We are proud to be at the forefront of this movement, vision to reduce the mortality
and morbidity due to heart disease and lifestyle disorders, our approach to treatment
using non-invasive, multidisciplinary and innovative therapies has helped establish us as
a dependable option for treating the chronic ailments
Dear Valued Shareholders,
I am pleased to present to you the annual report of your Company for the fiscal year
ended March 31, 2024. It has been a good year for the industry to celebrate the incredible
potential of Ayurveda, an ancient system of medicine that has been used for thousands of
years to promote health and wellbeing.
Ayurveda has been gaining popularity around the world as a natural and holistic
approach to healthcare. At our Company, we work under the brand ‘Madhavbaug'.
Madhavbaug is a unique medical service institution which blends traditional medicine
system with modern diagnostic techniques. We have more than a decade of expertise in
treatment and cure of chronic ailments like cardiac disease, diabetes, hypertension and
obesity. We are proud to be at the forefront of this movement, vision to reduce the
mortality and morbidity due to heart disease and lifestyle disorders, our approach to
treatment using noninvasive, multidisciplinary and innovative therapies has helped
establish us as a dependable option for treating the chronic ailments. We provide
healthcare services through Madhavbaug clinics to our customers with modern diagnostics,
diet and physiotherapy and advanced Ayurveda to provide Heart disease, Diabetes,
Hypertension & Obesity reversal treatments to its patients. This helps in improving
the exercise tolerance of patients - improvement in grade of symptoms, improvement in
maximum oxygen uptake, reduction in Hba1c, and metabolic equivalents (METs).
Our commitment to Ayurveda is rooted in our belief that the body has an innate ability
to heal itself. Ayurveda offers a comprehensive system of medicine that addresses not only
the symptoms of illness but also the underlying causes. It emphasizes the importance of a
balanced lifestyle, including diet, exercise, and meditation, as well as the use of
natural remedies to promote healing.
I am happy to share that we had honoured to be a Prime Sponsor of 9th World
Ayurveda Congress & Arogya Expo with focal theme "Ayurveda for One Health"
at Panjim, Goa for Mecca event of Ayurveda Industry where Honorable Prime Minister Shri.
Narendra Modi visited Madhavbaug's exhibition stall and appreciated Madhavbaug model of
Preventive Cardiology. As part of Going Global Initiative, we have launched our entity in
Dubai with name "Madhavbaug Health Food Supplements Trading Co. LLC" to trade in
food supplements, which are under classification by Department of Economy & Tourism.
We have signed Memorandum of Understanding (MOU) with Central Council for Research in
Ayurvedic Sciences (CCRAS) which operates under Ministry of Ayush to undertake a research
project entitled as "Efficacy of Ayurvedic interventions (Hridyarnava Rasa and
Harityakadi Yoga) as an add-on to standard care in Stable Coronary Artery Disease (CAD)
assessed through Global Longitudinal Strain Imaging Technique (GLSIT)-A Randamised
Controlled Trial". We received a mandate for giving training through online and
offline to Ayurveda practitioners of state of Uttarakhand. Recently, In April 2023, We
executed share purchase agreement with shareholders of Dynamic Remedies Private Limited
and UV Ayurgen Pharma Private Limited to buy 100% equity share capital making them a
wholly owned subsidiary of Company. Dynamic and UV both have diverse medicine and product
portfolio and it is one of the top suppliers of the Company's Ayurvedic medicines. Both
these transactions would help the Company to achieve more effective economies of scale,
better quality maintenance and quality control of products.
The Madhavbaug Swasthya Parivaar Community Platform is a transformative initiative
designed to support individuals struggling with lifestyle diseases such as heart disease,
diabetes, hypertension, obesity, joint pain, and hormonal imbalances. Built around
Madhavbaug's core principles of Diagnose, Manage, and Cure, this platform provides a
holistic, patient-centric approach to preventive and chronic disease management through a
community-based model.
Madhavbaug's vision for the Swasthya Parivaar Community Platform is to establish a paid
membership-based community, initially targeting 1 lakh members in the first year, with a
long-term goal of reaching 10 lakh members over the next five years. By creating a robust
and engaged community, Madhavbaug aims to drive new patient footfall to its clinics and
hospitals while significantly reducing the costs associated with traditional, long-term
marketing funnels.
The platform is structured around three core pillars:
1. Diagnose: Early detection of disease risk factors through regular assessments,
personalized health diagnostics, and continuous health monitoring.
2. Manage: Ongoing management of chronic conditions with tailored treatment plans,
quarterly consultations with expert doctors, and holistic therapies.
3. Cure: Utilization of holistic treatment approaches such as Panchakarma to not only
manage but also reverse certain lifestyle-related diseases, improving long-term health
outcomes.
The Swasthya Parivaar Community Platform is positioned to revolutionize the healthcare
landscape by offering accessible, affordable, and effective healthcare solutions that
address the root causes of lifestyle diseases.
As a Company, we are committed to upholding the principles of Ayurveda in all that we
do. We use only the highest quality natural ingredients in our products, and we adhere to
the highest standards of manufacturing and quality control. We are also committed to
ongoing research and development to ensure that we are providing our customers with the
most effective and innovative products and services possible.
At the same time, we recognize that Ayurveda is more than just a system of medicine -
it is a way of life. We are dedicated to promoting Ayurvedic principles and practices, not
just through our products, but also through education and community outreach. We believe
that by sharing the benefits of Ayurveda with others, we can make a positive impact on the
health and wellbeing of people around the world.
We will continue to carry forward the core values of your Company, dedicating ourselves
to growing and developing the business and bringing value to our shareholders and society.
In conclusion, I want to express my gratitude to our team, shareholders, customers and
partners for their unwavering support of our Company. Together, we can continue to promote
the incredible potential of Ayurveda and help people around the world achieve optimal
health and wellbeing.
Thank you for being a part of our journey, and I look forward to the exciting future
that lies ahead.
| Sincerely, |
| Dr. Rohit Madhav Sane |
| Managing Director |