Startup India Government of India
Aaray Health Solutions Private Limited
Aaray Health Solutions Private Limited - research & development in Manipal, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.3 Lakh
▼ 56% YoY
Net loss · FY 2024
₹22,892
Net margin -4.3%
EBITDA · FY 2024
₹35,495
EBITDA margin 6.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10,000
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Aaray Health Solutions Private Limited
Data last updated:
Aaray Health Solutions Private Limited is a private limited company based in Manipal, Karnataka, India, recognised as a startup by DPIIT. It operates in the scientific research segment of the research and development sector. It was incorporated on 08 April 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U73100KA2020PTC133695.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10,000. It is led by directors Singara Rajan Shiny Jasphin (Managing Director) and Arul Amuthan Lazer.
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 Manipal – Gok Bioincubator 3rd Floor Advanced Research Centre, Karnataka, India – 576104.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.3 Lakh, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹22,892 (net margin -4.3%) and EBITDA of ₹35,495 (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years.
Aaray Health Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-26-0010547).
Company details
CIN U73100KA2020PTC133695
Registration Number 133695
Incorporation Date 08 April 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-26-0010547
Recognitions & Rankings of Aaray Health Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-26-0010547
Contact details
Aaray Health Solutions Private Limited's registered office is in Manipal, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressManipal – Gok Bioincubator 3rd Floor Advanced Research Centre, Karnataka, India – 576104
- IndustryResearch & Development, Science Research
To see the full contact details of Aaray Health Solutions Private Limited, buy the company report.
Comprehensive company report
Aaray Health Solutions Private Limited - 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
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Business activity
The main business activity of Aaray Health Solutions is hospital and medical care. In detail, this covers other hospital and medical care activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities |
To see the full business activity and turnover split of Aaray Health Solutions Private Limited, buy the company report.
Financials of Aaray Health Solutions Private Limited
FY 2025 filings availableAaray Health Solutions Private Limited reported revenue of ₹5.3 Lakh (down 56% YoY) for FY 2024.
Revenue · FY 2024
₹5.3 Lakh ▼ 56%
Net loss · FY 2024
₹22,892 margin -4.3%
EBITDA · FY 2024
₹35,495 margin 6.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 56%
3 years · compounded
▲ 59%
EBITDA CAGR growth
1 year
▼ 87%
3 years · compounded
▲ 50%
Revenue fell 56% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 59%. EBITDA fell 87% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹35,495 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹22,892 | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6.7% | |||
| Net Profit Margin | -4.3% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Aaray Health Solutions Private Limited, buy the company report.
Board of directors of Aaray Health Solutions Private Limited
Aaray Health Solutions has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arul Amuthan Lazer | Director | 08 Apr 2020 | 6 Years 7 Months | Current |
| Singara Rajan Shiny Jasphin | Managing Director | 08 Apr 2020 | 6 Years 7 Months | Current |
Peer comparison
Aaray Health Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other hospital and medical care activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dr Patkar's Imaging Centres Private Limited | ₹5.34 Lakh (FY 2024) | 7.0% | Mumbai, Maharashtra, India | |||
| Prominent Laboratory & Diagnostics (OPC) Private Limited | ₹5.34 Lakh (FY 2024) | 28.0% | Cuttack, Odisha, India | |||
| Niramay Superspeciality Balrugnalaya Private Limited | ₹5.32 Lakh (FY 2021) | -96.0% | Aurangabad, Maharashtra, India | |||
| Amrutveda Health and Retail Private Limited | ₹5.32 Lakh (FY 2021) | Bhubaneswar, Odisha, India | ||||
| Prolife Clinic Private Limited | ₹5.31 Lakh (FY 2024) | 27.0% | Pune, Maharashtra, India | |||
| Aaray Health Solutions Private Limitedthis company | ₹5.3 Lakh (FY 2024) | -₹22,892 | -4.3% | -56.0% | Manipal, Karnataka, India | |
| Laege Mathrru Healthcare Private Limited | ₹5.3 Lakh (FY 2023) | Thammanam, Kerala, India | ||||
| Unisoul Health Private Limited | ₹5.29 Lakh (FY 2025) | 59.0% | Indore, Madhya Pradesh, India | |||
| Vaidya Sri Ayurveda Panchakarma Hospital Private Limited | ₹5.29 Lakh (FY 2021) | New Delhi, Delhi, India | ||||
| Physioforhome Healthcare (OPC) Private Limited | ₹5.29 Lakh (FY 2025) | -27.0% | Nawabganj, Uttar Pradesh, India | |||
| Kajangala Facilitations Private Limited | ₹5.28 Lakh (FY 2025) | -9.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Aaray Health Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Aaray Health Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aaray Health Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aaray Health Solutions Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
Active EPFO establishments
1
GST
No GST registration is on our record for Aaray Health Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Aaray Health Solutions Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Arul Amuthan Lazer was appointed as Director on 08 Apr 2020.
AGM
Aaray Health Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Aaray Health Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Arul Amuthan Lazer was appointed as Director.
Appointed
Singara Rajan Shiny Jasphin was appointed as Managing Director.
Incorporation
08 Apr 2020
Aaray Health Solutions Private Limited was registered on 08 Apr 2020 with Roc Bangalore & aged 6 years 7 months as per MCA records.
Frequently asked questions
Aaray Health Solutions is an active private limited company based in Manipal, Karnataka, India. The company works in science research, within the research and development industry. It was incorporated on 08 April 2020 (6+ years old) and is registered under CIN U73100KA2020PTC133695.
Aaray Health Solutions has 2 current directors:
- Singara Rajan Shiny Jasphin - Managing Director
- Arul Amuthan Lazer - Director
The latest financial statements of Aaray Health Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Aaray Health Solutions is U73100KA2020PTC133695. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aaray Health Solutions was incorporated on 08 April 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Aaray Health Solutions by revenue are Dr Patkar's Imaging Centres Private Limited, Prominent Laboratory & Diagnostics (OPC) Private Limited, Niramay Superspeciality Balrugnalaya Private Limited, Amrutveda Health and Retail Private Limited, Prolife Clinic Private Limited and 5 more, all in the same principal business activity (other hospital and medical care activities).
Arul Amuthan Lazer was appointed as Director on 08 Apr 2020. Singara Rajan Shiny Jasphin was appointed as Managing Director on 08 Apr 2020.
Yes, Aaray Health Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Aaray Health Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-26-0010547).
The registered office of Aaray Health Solutions is at Manipal – Gok Bioincubator 3rd Floor Advanced Research Centre, Karnataka, India – 576104.
Aaray Health Solutions operates in the research and development industry, in the science research segment.
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