Startup India Government of India
Kuzalin Services Private Limited - healthcare in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹42.51 Cr
▲ 43% YoY
Net profit · FY 2025
₹26.26 Cr
Net margin 61.8%
EBITDA · FY 2025
₹26.38 Cr
EBITDA margin 62.1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
3
Provident fund records
Directors on board
2
As per MCA filings
About Kuzalin Services Private Limited
Data last updated:
Kuzalin Services Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Healthassure Private Limited and recognised as a startup by DPIIT. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 13 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85320MH2019PTC372843. Its GSTIN is 27AAHCK6769J1ZU (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Varun Gera and Vedant.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹42.51 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹26.26 Cr (net margin 61.8%) and EBITDA of ₹26.38 Cr (EBITDA margin 62.1%). Revenue has grown at a compounded annual rate (CAGR) of 184% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 2 cases are pending. The company has 1 deal on record (1 rights issue); the latest was in February 2021. Its 10 peer companies in the Healthcare industry (Healthcare Equipment Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Linvatec India Private Limited with revenue of ₹44.33 Cr.
Kuzalin Services Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0017391). For more details, the company can be reached via its website healthassure.in.
Company Details of Kuzalin Services Private Limited
CIN U85320MH2019PTC372843
Registration Number 372843
Incorporation Date 13 June 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Healthassure Private Limited
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-HR-05-0017391
CIN History of Kuzalin Services Private Limited
Kuzalin Services has one previous CIN (Corporate Identification Number): U85320HR2019PTC080910. The current CIN is U85320MH2019PTC372843, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85320MH2019PTC372843 | Current |
| U85320HR2019PTC080910 | Previous |
Key People
Varun Gera Director Vedant Director Recognitions & Rankings of Kuzalin Services
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-HR-05-0017391
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressUnit No. 3 To 7 5th Floor Second Avenue, MIDC Subhash Nagar Road Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryHealthcare, Medical Equipment Retail & Distribution
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Business Activity of Kuzalin Services Private Limited
The main business activity of Kuzalin Services is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical 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 Kuzalin Services Private Limited FY 2025 filings available
Kuzalin Services Private Limited reported revenue of ₹42.51 Cr (up 43% YoY) for FY 2025.
Revenue · FY 2025
₹42.51 Cr ▲ 43%
Net profit · FY 2025
₹26.26 Cr margin 61.8%
EBITDA · FY 2025
₹26.38 Cr margin 62.1%
Compounded Annual Growth Rate (CAGR) of Kuzalin Services Private Limited
Revenue CAGR growth
1 year
▲ 43%
3 years · compounded
▲ 184%
EBITDA CAGR growth
1 year
▲ 319%
3 years · compounded
▲ 114%
5 years · compounded
▲ 365%
Revenue has grown at a compounded annual rate (CAGR) of 184% over three years, including 43% growth in the latest year. EBITDA rose 319% 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 Kuzalin Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹26.38 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹26.26 Cr | •••• | •••• | •••• | •••• |
| 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 Kuzalin Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 62.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 61.8% | •••• | •••• | •••• | •••• |
| 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 Kuzalin Services are in the company report.
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Financial statements from FY 2020
Earlier years and trend charts are in the company report.
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Board of Directors of Kuzalin Services Private Limited
Kuzalin Services has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Gera Also directs: Healthassure Private Limited | Director | 22 Feb 2025 | 1 Years 7 Months | Current |
| Vedant | Director | 20 Jun 2024 | 2 Years 4 Months | Current |
Peer Comparison of Kuzalin Services Private Limited
Kuzalin Services 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 |
|---|---|---|---|---|---|---|
| Linvatec India Private Limited | ₹44.33 Cr (FY 2024) | •••• | •••• | 38.0% | •••• | Mumbai, Maharashtra, India |
| Emeritus Pharma Private Limited | ₹43.71 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Ahmedabad, Gujarat, India |
| Isens Biosensors India Private Limited | ₹43.58 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Gurgaon, Haryana, India |
| Erica Enterprises Private Limited. | ₹43.38 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Delhi, India |
| J.K. Medico Private Limited | ₹42.97 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Rajkot, Gujarat, India |
| Kuzalin Services Private Limited this company | ₹42.51 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Mumbai, Maharashtra, India |
| Value Pharma Holistic Remedies Private Limited | ₹42.23 Cr (FY 2024) | •••• | •••• | 24.0% | •••• | Hyderabad, Telangana, India |
| Merit Medical Systems India Private Limited | ₹42.15 Cr (FY 2025) | •••• | •••• | 36.0% | •••• | Bengaluru, Karnataka, India |
| Confident Sales India Private Limited | ₹42.12 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Bangalore, Karnataka, India |
| Aswini Health Specialities (India) Private Limited | ₹41.68 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Ernakulam, Kerala, India |
| CL Micromed Private Ltd | ₹41.58 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Kuzalin Services 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 Kuzalin Services Private Limited
Kuzalin Services Private Limited is audited by S N DHAWAN & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S N DHAWAN & CO LLP | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Kuzalin Services Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Kuzalin Services Private Limited
Kuzalin Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Kuzalin Services Private Limited
Kuzalin Services Private Limited has 1 deal on record (1 rights issue); the latest was in February 2021.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Rights issue | ₹49 Lakh | Investors: Healthassure Private Limited |
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Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Kuzalin Services Private Limited
Kuzalin Services Private Limited has 4 court cases on record: 1 filed by Kuzalin Services, 3 filed against it. 2 cases are pending and 2 are disposed. Status as checked on 21 Sep 2026.
Total cases
4
Filed by the company
1
Filed against the company
3
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
| District courts | 2 | 1 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Arbitration matter | Filed against the company by Loyalty Bonus.Com Private Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by Pouring Pounds India Private Limited | Disposed |
| District court, Gurugram, Haryana | Execution petition | Filed against the company by Loyalty Bouns Company Pvt Ltd | Pending |
| District court, Gurugram, Haryana | Arbitration matter | Filed by the company against Loyalty Bonu.Com Private Limited | Pending |
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All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Kuzalin Services Private Limited
Kuzalin Services Private Limited has a workforce of 3 employees as of Apr 04, 2024.
Employee count
3
Active EPFO establishments
1
Employee growth
-25%
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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 Kuzalin Services Private Limited
Kuzalin Services Private Limited has 10 board changes on record since 2019: 6 appointments and 4 cessations. The latest: Delly Joaquim Dsouza ceased to be Director on 22 Feb 2025.
AGM
Kuzalin Services Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Kuzalin Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Delly Joaquim Dsouza ceased to be Director.
Appointed
Varun Gera was appointed as Director.
Ceased
Abhishek Kumar ceased to be Director.
Appointed
Vedant was appointed as Director.
Ceased
Manisha Gera Baswani ceased to be Director.
Appointed
Delly Joaquim Dsouza was appointed as Director.
Ceased
Ninad Ramesh Raje ceased to be Director.
Appointed
Abhishek Kumar was appointed as Director.
Appointed
Manisha Gera Baswani was appointed as Director.
Appointed
Ninad Ramesh Raje was appointed as Director.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Kuzalin Services Private Limited
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MSME Payment Delays by Kuzalin Services Private Limited
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Subsidiaries & Group Companies of Kuzalin Services Private Limited
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Corporate group structure
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GST Compliance of Kuzalin Services Private Limited
Kuzalin Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCK6769J1ZU | Maharashtra | Active | 23 Apr 2021 |
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MCA Filings & Documents of Kuzalin Services Private Limited
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Frequently Asked Questions about Kuzalin Services Private Limited
Kuzalin Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 13 June 2019 (7+ years old) and is registered under CIN U85320MH2019PTC372843.
Kuzalin Services reported revenue of ₹42.51 Cr for FY 2025 (up 43% YoY).
Kuzalin Services has 2 current directors:
- Varun Gera - Director
- Vedant - Director
Kuzalin Services reported a net profit of ₹26.26 Cr (net margin 61.8%) and EBITDA of ₹26.38 Cr (EBITDA margin 62.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Kuzalin Services is 184% over three years. In the latest year (FY 2025) revenue rose 43%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Kuzalin Services is 27AAHCK6769J1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Kuzalin Services is U85320MH2019PTC372843. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kuzalin Services has 4 court cases on record: 1 filed by the company and 3 filed against it. 2 are pending. Most are in the high courts.
Kuzalin Services was incorporated on 13 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Kuzalin Services has 1 deal on record (1 rights issue); the latest was in February 2021.
The peers of Kuzalin Services by revenue are Linvatec India Private Limited, Emeritus Pharma Private Limited, Isens Biosensors India Private Limited, Erica Enterprises Private Limited, J.K. Medico Private Limited and 5 more, all in the Healthcare industry (Healthcare Equipment Retail and Distribution).