India's Richest People 2026 edition · 1 director · Source: Hurun India
- #159 Ajay Balvantray Parekh & family ₹23,300 Cr
Modern Laboratories Pvt Ltd
Modern Laboratories Pvt Ltd - healthcare in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Private Limited Company healthcare
Revenue · FY 2025
₹1.5 Lakh
▲ 50% YoY
Net profit · FY 2025
₹85,848
Net margin 57.2%
EBITDA · FY 2025
₹1.15 Lakh
EBITDA margin 76.9%
Authorised capital
₹11 Lakh
Registered with MCA
Paid-up capital
₹11 Lakh
Issued & subscribed
Company age
39 yrs
Est. 1987
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Modern Laboratories Pvt Ltd
Data last updated:
Modern Laboratories Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of The Vacuum Forming Company Private Limited. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 04 June 1987 and has been in existence for over 39 years.
Its director Ajay Balvantray Parekh and family are #159 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85195MH1987PTC043627.
The company has an authorised share capital of ₹11 Lakh and a paid-up capital of ₹11 Lakh. It is led by directors Ami Ajay Parekh and Ajay Balvantray Parekh.
Its last annual general meeting (AGM) was held on 29 August 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 ₹1.5 Lakh, a growth of 50% compared to the previous year. For the same year it recorded a net profit of ₹85,848 (net margin 57.2%) and EBITDA of ₹1.15 Lakh (EBITDA margin 76.9%).
Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U85195MH1987PTC043627
Registration Number 043627
Incorporation Date 04 June 1987
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 August 2025
Date of Balance Sheet 31 March 2025
Parent Company The Vacuum Forming Company Private Limited
Compliance Status Active Compliant
Recognitions & Rankings of Modern Laboratories
Contact details
Modern Laboratories Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressE Floor – 2 Plot – 162 Mafatlal House, H.T.Parekh Marg Near Akashvani Bhavan, Mumbai, Maharashtra, India – 400020
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Modern Laboratories Pvt Ltd, buy the company report.
Comprehensive company report
Modern Laboratories Pvt Ltd - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Financials of Modern Laboratories Pvt Ltd
FY 2025 filings availableModern Laboratories Pvt Ltd reported revenue of ₹1.5 Lakh (up 50% YoY) for FY 2025.
Revenue · FY 2025
₹1.5 Lakh ▲ 50%
Net profit · FY 2025
₹85,848 margin 57.2%
EBITDA · FY 2025
₹1.15 Lakh margin 76.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 50%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 132%
5 years · compounded
▲ 75%
Revenue rose 50% in the latest year. EBITDA rose 19% 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
| 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 | ₹1.15 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹85,848 | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 76.9% | ||||
| Net Profit Margin | 57.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Modern Laboratories Pvt Ltd, buy the company report.
Board of directors of Modern Laboratories Pvt Ltd
Modern Laboratories 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 |
|---|---|---|---|---|
| Ami Ajay Parekh | Director | 19 Jan 2011 | 15 Years 9 Months | Current |
| Ajay Balvantray Parekh Also directs: Parbro Trading LLP, Pidilite Industries Limited, Vinyl Chemicals (India) Limited and 5 more | Director | 19 Jan 2011 | 15 Years 9 Months | Current |
Peer comparison
Modern Laboratories Pvt Ltd is compared with the 10 companies closest to it by revenue in the Healthcare industry (Medical and Laboratory Equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Carpastretch India Private Limited | ₹1.59 Lakh (FY 2021) | -91.0% | Pune, Maharashtra, India | |||
| Marc Orion Private Limited | ₹1.59 Lakh (FY 2025) | 1201.0% | Delhi, India | |||
| Ion Bio Med-Icare Private Limited | ₹1.58 Lakh (FY 2024) | 10.0% | Delhi, India | |||
| Ved Mediserve Private Limited | ₹1.54 Lakh (FY 2024) | -79.0% | Delhi, India | |||
| Cureall Medicare (OPC) Private Limited | ₹1.51 Lakh (FY 2024) | -26.0% | Chennai, Tamil Nadu, India | |||
| Modern Laboratories Pvt Ltdthis company | ₹1.5 Lakh (FY 2025) | ₹85,848 | 57.2% | 50.0% | Mumbai, Maharashtra, India | |
| Eos International Private Limited | ₹1.5 Lakh (FY 2025) | -88.0% | Bangalore, Karnataka, India | |||
| Prism Diagnostics Private Limited | ₹1.49 Lakh (FY 2023) | -98.0% | Thane, Maharashtra, India | |||
| Alkin Pharma Private Limited | ₹1.49 Lakh (FY 2022) | Central Mumbai, Maharashtra, India | ||||
| H3o Health Tech Private Limited | ₹1.48 Lakh (FY 2025) | Green Park Extn, Delhi, India | ||||
| Future Digital Dental Private Limited | ₹1.44 Lakh (FY 2019) | -45.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Modern Laboratories Pvt Ltd, buy the company report.
Auditor
Modern Laboratories Pvt Ltd is audited by Sunil Gaitonde for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sunil Gaitonde | FY 2022 | 34808 |
Shareholding
The shareholding of Modern Laboratories Pvt Ltd is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Modern Laboratories Pvt Ltd, buy the company report.
Legal cases
Modern Laboratories Pvt Ltd has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed against the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, East, Delhi | Commercial suit | Filed against the company by Ruan Life Sciences Pvt Ltd | Pending |
| District court, East, Delhi | Interim or miscellaneous application | Filed against the company by Ms Britannia Biological LLP | Disposed |
| District court, East, Delhi | Commercial suit | Filed against the company by Britannia Biological LLP | Disposed |
To see the full case history of Modern Laboratories Pvt Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Modern Laboratories Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Modern Laboratories Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Modern Laboratories Pvt Ltd has 6 board changes on record since 2011: 2 appointments and 4 cessations. The latest: Balvantray Kalyanji Parekh ceased to be Director on 25 Jan 2013.
AGM
Modern Laboratories Pvt Ltd last Annual general meeting of members was held on 29 Aug 2025 as per latest MCA records.
Filing
Modern Laboratories Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Balvantray Kalyanji Parekh ceased to be Director.
Ceased
Abhay Anant Khetani ceased to be Director.
Ceased
Meena Abhay Khetani ceased to be Director.
Ceased
Suresh Kirtilal Parikh ceased to be Director.
Appointed
Ajay Balvantray Parekh was appointed as Director.
Appointed
Ami Ajay Parekh was appointed as Director.
Incorporation
04 Jun 1987
Modern Laboratories Pvt Ltd was registered on 04 Jun 1987 with Roc Mumbai I & aged 39 years 4 months as per MCA records.
Frequently asked questions
Modern Laboratories is an active private limited company based in Mumbai, Maharashtra, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 04 June 1987 (39+ years old) and is registered under CIN U85195MH1987PTC043627.
Modern Laboratories has 2 current directors:
- Ami Ajay Parekh - Director
- Ajay Balvantray Parekh - Director
The latest financial statements of Modern Laboratories on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 August 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Modern Laboratories is U85195MH1987PTC043627. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern Laboratories has 3 court cases on record: 3 filed against it. 1 is pending.
Modern Laboratories was incorporated on 04 June 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Modern Laboratories by revenue are Carpastretch India Private Limited, Marc Orion Private Limited, Ion Bio Med-Icare Private Limited, Ved Mediserve Private Limited, Cureall Medicare (OPC) Private Limited and 5 more, all in the Healthcare industry (Medical and Laboratory Equipment).
Balvantray Kalyanji Parekh ceased to be Director on 25 Jan 2013. Abhay Anant Khetani ceased to be Director on 29 Mar 2012. Meena Abhay Khetani ceased to be Director on 14 Jun 2011. Modern Laboratories has 6 board changes on record in total.
The registered office of Modern Laboratories is at E Floor – 2 Plot – 162 Mafatlal House, H.T.Parekh Marg Near Akashvani Bhavan, Mumbai, Maharashtra, India – 400020.
Modern Laboratories operates in the healthcare industry, in the medical and laboratory equipment segment.
The compliance status of Modern Laboratories is compliant as of 28 August 2026. The company is actively filing with the Registrar of Companies.