One Global + Plus Care: How a Textile Zombie Became a Healthcare Unicorn Without an IPO
🎭 Previously on “As the BSE Turns”…
Once upon a time (okay, 1992), a textile company called Overseas Synthetics was born. By 2019, it was basically a sleepy relic—until one Mr. Vijay N. Dhawangale stepped in and said, “Let’s not sell cloth anymore. Let’s save lives.” Enter: corporate makeover.
The company got a new name (One Global Service Provider), a new identity (healthcare!), and by 2025, a new obsession: merging with a private diagnostics player called Plus Care. Plot twist: it wasn’t just a merger—it was a reverse merger. Think of it as Plus Care jumping into a listed company’s body like it’s a Bollywood body-swap movie.
🎬 The Real Story – No Boardroom Buzzwords, Just Facts (and Fun)
💉 Who is Plus Care?
An unlisted diagnostics firm from Maharashtra with fancy NABL-accredited labs and government healthcare projects under its belt. Started in 2018, wanted to scale big, but IPOs are expensive and boring.
👔 Who is One Global?
Formerly a textile firm, now a healthcare cosplayer with a BSE listing. Perfect vehicle for a reverse merger.
💍 The Merger Proposal: A Reverse Wedding
In Feb 2023, One Global said, “We’ll marry you, Plus Care—but no cash, only shares.” They agreed to issue:
