You are here » Home » Companies » Company Overview » Birla Pacific Medspa Ltd

Birla Pacific Medspa Ltd.

BSE: 533469 Sector: Consumer
NSE: N.A. ISIN Code: INE341L01017
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty

Birla Pacific Medspa Ltd. (BIRLAPACIFIC) - Company History

Birla Pacific Medspa Ltd operates med spa centres under the brand name 'EVOLVE'. The company med spa centres are located in Mumbai at Walkeshwar, Andheri, Bandra, Worli and Borivali. Also, they have their franchisee centres located at Chennai and Thane. Birla Pacific Medspa Ltd was incorporated on July 15, 2008 as a private limited company with the name Birla Pacific Medspa Pvt Ltd. The company was incorporated pursuant to a joint venture agreement between Birla Wellness & Healthcare Pvt. Ltd., Pacific Healthcare Holdings Limited and Dr. Abhijit Desai. The company was established to carry on in India and abroad the business of beauty and healthcare treatments, health and fitness resorts, dieticians, yoga ashrams, saloons, hair and skin treatments, Sanatorium centers, and to manufacture soaps consumables, oils, medicines, body sprays and scents, creams, powders, natural and artificial skin and hair conditioners. However, presently the company is not carrying on the business of manufacturing soaps, oils etc. During the year 2008-09, the company acquired the business undertaking of PacHealth Medical Services Pvt Ltd on slump sale basis through a business transfer agreement and supplemental agreement for a total consideration of Rs 410 lakh. The company commenced med spa operations at Prabhadevi in Mumbai under the brand name Evolve. In February 2, 2009, the company opened centre at Walkeshwar, Mumbai. Also, they opened franchisee centre at Thane in Maharashtra. In April 7, 2009, they opened centre at Bandra, Mumbai and in May 2009, they started franchisee centre at Chennai in Tamil Nadu. In January 13, 2010, the company opened centre at Andheri in Mumbai. In March 2010, the company's Prabhadevi centre was merged with Bandra centre thus expanded the scope of services at Bandra centre. In June 25, 2010, Pacific Healthcare Holdings Ltd reduced their shareholding below 25% in the JV and the JV agreement was automatically terminated. In July 14, 2010, the company was converted into a public limited company and the name was changed to Birla Pacific Medpsa Ltd. Also, Evolve MedSpa won the 'Best Med Spa' of The Year 2010 Award by Vogue, the up market fashion and lifestyle magazine in India. In August 2010, the company started i-lipo first time at Evolve. In October 2010, they opened centre at Atria Mall, Worli, Mumbai. In December 21, 2010, BPML had signed a Limited Liability Partnership Agreement with 7 Gynecologists from Mumbai to form a 'Birla IVF LLP'. The company decided to discontinue the practice of opening Franchisee Centres. Hence, the two Franchisee centres operating at Thane and Chennai will continue to operate till the date of conclusion of their agreement, (i.e.) January 31, 2014 and June 1, 2012 respectively. The company plans to establish 55 outlets of Evolve Medspa across various cities and places.

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard