MAHESHWARI & CO. had the privilege of assisting a leading rural healthcare distribution startup on a full-scope due diligence exercise. The company is building a modern, technology-enabled B2B distribution network connecting retailers, pharmacies, and hospitals across rural markets with quality-assured and affordably priced healthcare and OTC products. With strategic partnerships with leading FMCG and healthcare brands, and a proprietary digital platform supported by a field-sales application, the company is strengthening supply-chain infrastructure and improving access to healthcare products across small-town and rural India.
The Firm’s engagement involved conducting a full-scope due diligence exercise on Tarrina Health, covering Financial Due Diligence (FDD), Legal Due Diligence (LDD), and Regulatory Due Diligence, in line with the diligence checklist framework prepared for the engagement.
This included a review of the target company’s business model, revenue streams, and financial statements; corporate records, statutory registers, and RoC filings; shareholding pattern and capitalisation table; material agreements and related-party transactions; employee, payroll, and labour law compliance records (including PF, ESI, gratuity, and POSH); intellectual property ownership and registrations; borrowings, encumbrances, and security interests; pending or threatened litigation and regulatory exposure; and sector-specific regulatory compliances applicable to healthcare distribution and logistics businesses, including data protection considerations.
The Firm’s findings were collated into a structured due diligence report highlighting key risks, red flags, and recommendations to inform Founders Avenue’s decision-making process.
Team: Ms. Jyotsna Chaturvedi, Head of Corporate Practice, Mr. Ketan Joshi, Associate Partner