Credent Connect N Care Ltd.
Credent Connect N Care Ltd. is an integrated healthcare services and logistics company offering technology-driven workforce, operational, and supply chain solutions to healthcare institutions across India. The SME IPO is a fresh issue of approximately ₹93.90 crores, listing on NSE SME.
Overview
About the Company
Incorporated in June 2015 as Credent Cold Chain Logistics Private Limited, Credent Connect N Care Limited has grown into an integrated healthcare services and logistics provider. The company delivers technology-enabled operational, workforce management, and supply chain solutions to a wide range of healthcare institutions — including diagnostic laboratories, IVD companies, pharmaceutical firms, hospitals, and clinics — primarily through a B2B model. Its service offerings include home sample collection via trained phlebotomists, stationed phlebotomy, laboratory manpower services, diagnostic and paramedical services, healthcare logistics, operations and supply chain management, corporate wellness programs, and technology-driven courier aggregation via its C3 Post platform. The company maintains temperature-controlled and time-sensitive logistics for diagnostic samples, medical supplies, and reagents. Operating through a pan-India network of warehouses, branch offices, commercial vehicles, and field staff, it also runs the C3 Wellness corporate health brand for health camps, vaccination drives, and preventive health check-ups. As of March 31, 2026, its workforce stood at 6,338 employees. The company has grown through strategic acquisitions of Credent Healthcare Private Limited, Credent Team Private Limited, and Alltrak Technologies Private Limited, and holds ISO 9001:2015 and ISO 15189:2022 certifications.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Investing in wholly owned subsidiary Credent Healthcare Private Limited to meet its working capital requirements — estimated ₹26.80 crores.
- › Investing in wholly owned subsidiary Credent Healthcare Private Limited to fund capital expenditure for machinery — estimated ₹3.00 crores.
- › Meeting the company's own working capital requirements — estimated ₹37.00 crores.
- › Repayment or partial repayment of outstanding borrowings availed by the company — estimated ₹6.00 crores.
- › General corporate purposes — amount not separately specified.
✅ Strengths
- ✓ Operates an integrated platform spanning healthcare logistics, workforce supply, and diagnostic support services under a single umbrella.
- ✓ Pan-India operational presence with a broad network serving diverse healthcare institutions, including labs, hospitals, clinics, and pharma companies.
- ✓ End-to-end logistics capabilities with specialised cold-chain and time-critical transportation for diagnostic samples, reagents, and medical supplies.
- ✓ Technology-driven operations through proprietary platforms including C3 Post for courier aggregation and C3 HRMS for workforce management.
- ✓ Diversified revenue streams across logistics, diagnostics, healthcare manpower, and corporate wellness verticals.
- ✓ Growth through strategic acquisitions including Credent Healthcare Private Limited, Credent Team Private Limited, and Alltrak Technologies Private Limited.
- ✓ Experienced promoter-led management with deep domain expertise in healthcare logistics and operations.
- ✓ Holds quality certifications including ISO 9001:2015 and ISO 15189:2022, supporting operational credibility.
⚠️ Risks
- ! No explicit risk factors were listed in the available source content; investors should review the Red Herring Prospectus for detailed risk disclosures.
- ! Operations are concentrated in the healthcare sector, making the company vulnerable to regulatory changes and sector-specific disruptions.
- ! Reliance on a large contractual workforce (2,286 out of 6,338 employees) may introduce operational and compliance risks.
- ! The company's financials show relatively thin standalone profit margins, with PAT of ₹2.25 Cr on revenues of ₹78.23 Cr in FY2025.
- ! Expansion through acquisitions carries integration risks and potential impact on financial performance if synergies are not realised.