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Kornerstone Devices Private Limited - healthcare in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹44,134
▼ 100% YoY
Net loss · FY 2024
₹14.48 Lakh
Latest filing
EBITDA · FY 2024
-₹13.02 Lakh
Latest filing
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Kornerstone Devices Private Limited
Data last updated:
Kornerstone Devices Private Limited is a private limited company based in Chennai, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 14 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U33309TN2017PTC114950. Its GSTIN is 33AAGCK4441C1Z0 (Tamil Nadu).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Joseph Deepak Roy Santosham and Shanthakumar Devakaran.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at First Floor Hig A1/913 First Main Road Mogappair Eri Scheme, Chennai, Tamil Nadu, India – 600037.
As per the financials filed for FY 2024, the company reported a revenue of ₹44,134, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹14.48 Lakh and EBITDA of -₹13.02 Lakh. Revenue has grown at a compounded annual rate (CAGR) of 19% over three years.
The company is associated with 1 brand: Kornerstone Devices.
Kornerstone Devices Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-24-0014014). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kornerstonedevices.com.
Company Details of Kornerstone Devices Private Limited
CIN U33309TN2017PTC114950
Registration Number 114950
Incorporation Date 14 February 2017
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-TN-24-0014014
Recognitions & Rankings of Kornerstone Devices
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-24-0014014
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFirst Floor Hig A1/913 First Main Road Mogappair Eri Scheme, Chennai, Tamil Nadu, India – 600037
- IndustryHealthcare, Medical Equipment Retail & Distribution
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Associated Brands with Kornerstone Devices Private Limited
Kornerstone Devices operates one associated brand: Kornerstone Devices. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Navigation systems for hospital procedures are developed. | kornerstonedevices.com |
Business Activity of Kornerstone Devices Private Limited
The main business activity of Kornerstone Devices is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Kornerstone Devices Private Limited FY 2024 filings available
Kornerstone Devices Private Limited reported revenue of ₹44,134 (down 100% YoY) for FY 2024.
Revenue · FY 2024
₹44,134 ▼ 100%
Net loss · FY 2024
₹14.48 Lakh
EBITDA · FY 2024
-₹13.02 Lakh
Compounded Annual Growth Rate (CAGR) of Kornerstone Devices Private Limited
Revenue CAGR growth
3 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▼ 140%
3 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 19% over three years. EBITDA fell 140% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Kornerstone Devices Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹13.02 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹14.48 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Kornerstone Devices Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Kornerstone Devices are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Kornerstone Devices Private Limited
Kornerstone Devices has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joseph Deepak Roy Santosham Also directs: Hifu Medical India Private Limited | Director | 14 Feb 2017 | 9 Years 8 Months | Current |
| Shanthakumar Devakaran Also directs: Vital Bio-Systems Private Limited, Kodaikanal International School | Director | 14 Feb 2017 | 9 Years 8 Months | Current |
Peer Comparison of Kornerstone Devices Private Limited
Kornerstone Devices Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Soshe Wellness Private Limited | ₹47,000 (FY 2025) | •••• | •••• | •••• | Kalyan, Maharashtra, India | |
| Shwill Medicom Private Limited | ₹46,690 (FY 2025) | •••• | •••• | -96.0% | •••• | New Delhi, Delhi, India |
| Alchemist Solutions Private Limited | ₹46,457 (FY 2024) | •••• | •••• | -71.0% | •••• | Delhi, India |
| Zoovit Health Care (OPC) Private Limited | ₹45,520 (FY 2025) | •••• | •••• | •••• | Lucknow, Uttar Pradesh, India | |
| Alphalinks Solutions Private Limited | ₹45,000 (FY 2024) | •••• | •••• | -89.0% | •••• | Coimbatore, Tamil Nadu, India |
| Kornerstone Devices Private Limited this company | ₹44,134 (FY 2024) | •••• | •••• | -100.0% | •••• | Chennai, Tamil Nadu, India |
| Sthiti Bioacoustics Private Limited | ₹43,910 (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Aufgehen Hearing India Private Limited | ₹43,000 (FY 2024) | •••• | •••• | -57.0% | •••• | Kadavanthara, Kerala, India |
| Abbott Pharma Limited | ₹42,999 (FY 2024) | •••• | •••• | -39.0% | •••• | Delhi, India |
| Unleash Gratitude Foundation | ₹40,850 (FY 2024) | •••• | •••• | 581.0% | •••• | Delhi, India |
| Eht Healthcare Private Limited | ₹40,800 (FY 2022) | •••• | •••• | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Kornerstone Devices by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Kornerstone Devices Private Limited
Kornerstone Devices Private Limited is audited by M M B & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M M B & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Kornerstone Devices Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Kornerstone Devices Private Limited
Kornerstone Devices Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Kornerstone Devices Private Limited
Employment history and EPFO contributions of people linked to Kornerstone Devices.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Kornerstone Devices Private Limited
Kornerstone Devices Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Joseph Deepak Roy Santosham was appointed as Director on 14 Feb 2017.
AGM
Kornerstone Devices Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Kornerstone Devices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Appointed
Joseph Deepak Roy Santosham was appointed as Director.
Appointed
Shanthakumar Devakaran was appointed as Director.
Incorporation
14 Feb 2017
Kornerstone Devices Private Limited was registered on 14 Feb 2017 with Roc Chennai & aged 9 years 8 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Kornerstone Devices Private Limited
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MSME Payment Delays by Kornerstone Devices Private Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Kornerstone Devices Private Limited
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Corporate group structure
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GST Compliance of Kornerstone Devices Private Limited
Kornerstone Devices has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCK4441C1Z0 | Tamil Nadu | Active | 29 Aug 2017 |
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MCA Filings & Documents of Kornerstone Devices Private Limited
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Frequently Asked Questions about Kornerstone Devices Private Limited
Kornerstone Devices is an active private limited company based in Chennai, Tamil Nadu, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 14 February 2017 (9+ years old) and is registered under CIN U33309TN2017PTC114950.
Kornerstone Devices reported revenue of ₹44,134 for FY 2024 (down 100% YoY).
Kornerstone Devices has 2 current directors:
- Joseph Deepak Roy Santosham - Director
- Shanthakumar Devakaran - Director
Kornerstone Devices reported a net loss of ₹14.48 Lakh and EBITDA of -₹13.02 Lakh for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Kornerstone Devices is 19% over three years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Kornerstone Devices is 33AAGCK4441C1Z0, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Kornerstone Devices is U33309TN2017PTC114950. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kornerstone Devices was incorporated on 14 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Kornerstone Devices by revenue are Soshe Wellness Private Limited, Shwill Medicom Private Limited, Alchemist Solutions Private Limited, Zoovit Health Care (OPC) Private Limited, Alphalinks Solutions Private Limited and 5 more, all in the Healthcare industry (Healthcare Equipment Retail and Distribution).
Joseph Deepak Roy Santosham was appointed as Director on 14 Feb 2017. Shanthakumar Devakaran was appointed as Director on 14 Feb 2017.
Yes, Kornerstone Devices is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).