MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-05-0018248
Adaptive Ocular Sciences Private Limited - healthcare in Bhavnagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹21.58 Cr
▲ 1% YoY
Net profit · FY 2025
₹9.16 Cr
Net margin 42.4%
EBITDA · FY 2025
₹16.36 Cr
EBITDA margin 75.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹10.5 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
17
Provident fund records
About Adaptive Ocular Sciences Private Limited
Data last updated:
Adaptive Ocular Sciences Private Limited is a private limited company based in Bhavnagar, Gujarat, India. It operates in the eye care and ophthalmology clinics segment of the healthcare sector. It was incorporated on 12 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U33201GJ2015PTC084745. Its GSTIN is 24AANCA9457D1ZI (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Chimanlal Devrajbhai Malavia and Bhanuben Chimanlal Malavia.
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 Bhavnagar, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.58 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹9.16 Cr (net margin 42.4%) and EBITDA of ₹16.36 Cr (EBITDA margin 75.8%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 55% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.5 Cr on record. The company has 3 deals on record (3 secondary share transfers); the latest was in March 2018. The company has 7 MSME Form 1 returns on record between 2018 and 2020, listing 27 overdue payments to 6 micro and small suppliers.
Adaptive Ocular Sciences Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-05-0018248). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aospl.in.
Company details
CIN U33201GJ2015PTC084745
Registration Number 084745
Incorporation Date 12 October 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-05-0018248
Key People
Chimanlal Devrajbhai Malavia Director Bhanuben Chimanlal Malavia Director Satish Nambiar Director Recognitions & Rankings of Adaptive Ocular Sciences
Contact details
Adaptive Ocular Sciences Private Limited's registered office is in Bhavnagar, Gujarat. Its website is aospl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 11 Chandradeep Industrial Estate Vishwa Karma Industrial Estate Chitra, G.I.D.C., Bhavnagar, Gujarat, India – 364004
- IndustryHealthcare, Eye Care & Ophthalmology Clinics
To see the full contact details of Adaptive Ocular Sciences Private Limited, buy the company report.
Comprehensive company report
Adaptive Ocular Sciences 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 Adaptive Ocular Sciences is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Adaptive Ocular Sciences Private Limited, buy the company report.
Financials of Adaptive Ocular Sciences Private Limited
FY 2025 filings availableAdaptive Ocular Sciences Private Limited reported revenue of ₹21.58 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹21.58 Cr ▲ 1%
Net profit · FY 2025
₹9.16 Cr margin 42.4%
EBITDA · FY 2025
₹16.36 Cr margin 75.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 38%
5 years · compounded
▲ 55%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 46%
5 years · compounded
▲ 49%
Revenue has grown at a compounded annual rate (CAGR) of 55% over five years, including 1% growth in the latest year. EBITDA rose 10% 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 | ₹21.58 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹16.36 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.16 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 75.8% | ||||
| Net Profit Margin | 42.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Adaptive Ocular Sciences Private Limited, buy the company report.
Board of directors of Adaptive Ocular Sciences Private Limited
Adaptive Ocular Sciences has 7 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chimanlal Devrajbhai Malavia Also directs: Radheshyam Hospital LLP | Director | 12 Oct 2015 | 11 Years 0 Months | Current |
| Bhanuben Chimanlal Malavia Also directs: Radheshyam Hospital LLP | Director | 07 Apr 2017 | 9 Years 6 Months | Current |
| Satish Nambiar | Director | 12 Oct 2015 | 11 Years 0 Months | Current |
| Utkarsh Devendraprasad Dave | Director | 13 Oct 2018 | 8 Years 0 Months | Current |
| Paresh Govindbhai Malavija | Director | 07 Apr 2017 | 9 Years 6 Months | Current |
| Niyaz Ahamed Sageer Ahamed Syed | Director | 28 Jan 2022 | 4 Years 8 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Adaptive Ocular Sciences Private Limited is audited by JAYESH MEHTA & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAYESH MEHTA & ASSOCIATES | FY 2024 | 138451W |
Shareholding
The shareholding of Adaptive Ocular Sciences Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adaptive Ocular Sciences Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Dec 2023 | 100842249 | Others | ₹10.5 Cr | Open |
To see the full charge records of Adaptive Ocular Sciences Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Adaptive Ocular Sciences Private Limited has 3 deals on record (3 secondary share transfers); the latest was in March 2018.
Total deals
3
Secondary share transfers
3
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Adaptive Ocular Sciences 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
Adaptive Ocular Sciences Private Limited has 7 MSME Form 1 returns on record between 2018 and 2020, listing 27 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Choksi Laboratories Limited | |||
| Mold Pro | |||
| Pharmalab India Private Limited. | |||
| Herald Biotech | |||
| Raj Barcode Systems Private Limited |
To see the full MSME payment records of Adaptive Ocular Sciences Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Adaptive Ocular Sciences has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCA9457D1ZI | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adaptive Ocular Sciences Private Limited, buy the company report.
Recent activity
Adaptive Ocular Sciences Private Limited has 7 board changes on record since 2015: 7 appointments. The latest: Niyaz Ahamed Sageer Ahamed Syed was appointed as Director on 28 Jan 2022.
Charges
A charge with Others of Rs. 1,050.00 Lakh registered on 15 Dec 2023 with Charge ID 100842249 was modified on 25 May 2026.
AGM
Adaptive Ocular Sciences Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Adaptive Ocular Sciences Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 1,050.00 Lakh with Charge ID 100842249 was registered on 15 Dec 2023.
Appointed
Niyaz Ahamed Sageer Ahamed Syed was appointed as Director.
Appointed
Utkarsh Devendraprasad Dave was appointed as Director.
Appointed
Ashokbhai Veljibhai Malaviya was appointed as Director.
Appointed
Bhanuben Chimanlal Malavia was appointed as Director.
Appointed
Paresh Govindbhai Malavija was appointed as Director.
Appointed
Chimanlal Devrajbhai Malavia was appointed as Director.
Appointed
Satish Nambiar was appointed as Director.
Incorporation
12 Oct 2015
Adaptive Ocular Sciences Private Limited was registered on 12 Oct 2015 with Roc Ahmedabad & aged 11 years 16 days as per MCA records.
Frequently asked questions
Adaptive Ocular Sciences is an active private limited company based in Bhavnagar, Gujarat, India. The company works in eye care and ophthalmology clinics, within the healthcare industry. It was incorporated on 12 October 2015 (11+ years old) and is registered under CIN U33201GJ2015PTC084745.
Adaptive Ocular Sciences has 7 current directors:
- Chimanlal Devrajbhai Malavia - Director
- Bhanuben Chimanlal Malavia - Director
- Satish Nambiar - Director
- Utkarsh Devendraprasad Dave - Director
- Paresh Govindbhai Malavija - Director
- Niyaz Ahamed Sageer Ahamed Syed - Director
- Ashokbhai Veljibhai Malaviya - Director
The latest financial statements of Adaptive Ocular Sciences 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 2016 are in the company report.
The GSTIN of Adaptive Ocular Sciences is 24AANCA9457D1ZI, registered in Gujarat.
The CIN (Corporate Identification Number) of Adaptive Ocular Sciences is U33201GJ2015PTC084745. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adaptive Ocular Sciences was incorporated on 12 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Adaptive Ocular Sciences has 3 deals on record (3 secondary share transfers); the latest was in March 2018.
Niyaz Ahamed Sageer Ahamed Syed was appointed as Director on 28 Jan 2022. Utkarsh Devendraprasad Dave was appointed as Director on 13 Oct 2018. Ashokbhai Veljibhai Malaviya was appointed as Director on 07 Apr 2017. Adaptive Ocular Sciences has 7 board changes on record in total.
Yes, Adaptive Ocular Sciences is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-05-0018248).
Adaptive Ocular Sciences has 7 MSME Form 1 returns on record between 2018 and 2020, listing 27 overdue payments to 6 micro and small suppliers. The latest return was filed on 02 Oct 2020.
Adaptive Ocular Sciences can be reached through the website aospl.in. Its registered office is in Bhavnagar, Gujarat, India.