MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0141045
Advansys (India) Private Limited - healthcare in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹20.42 Cr
▲ 38% YoY
Net loss · FY 2025
₹81.77 Lakh
Net margin -4%
EBITDA · FY 2025
₹5.66 Cr
EBITDA margin 27.7%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹107.15 Cr
Satisfied ₹44.75 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
30
Provident fund records
About Advansys (India) Private Limited
Data last updated:
Advansys (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 14 January 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31909MH2002PTC134559. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Shakuntala Balwani and Pankaj Inder Balwani.
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 705 – 706 Raheja Classique Comp – Lex Bldg 2 – A Oshiwara Link Road Andheri West, Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.42 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net loss of ₹81.77 Lakh (net margin -4%) and EBITDA of ₹5.66 Cr (EBITDA margin 27.7%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 15% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹107.15 Cr and satisfied charges of ₹44.75 Cr on record. Court records list 32 cases involving the company, including 17 filed by the company and 15 filed against it.
Advansys (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0141045). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website advansys.co.in.
Company details
CIN U31909MH2002PTC134559
Registration Number 134559
Incorporation Date 14 January 2002
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0141045
Recognitions & Rankings of Advansys (India)
Contact details
Advansys (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is advansys.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address705 – 706 Raheja Classique Comp – Lex Bldg 2 – A Oshiwara Link Road Andheri West, Mumbai, Maharashtra, India – 400053
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Advansys (India) Private Limited, buy the company report.
Comprehensive company report
Advansys (India) 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 activities of Advansys (India) are manufacturing and support service to organizations. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and other support services to organizations. 2 activity segments are registered with the MCA.
| 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 | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Advansys (India) Private Limited, buy the company report.
Financials of Advansys (India) Private Limited
FY 2024 filings availableAdvansys (India) Private Limited reported revenue of ₹20.42 Cr (up 38% YoY) for FY 2025.
Revenue · FY 2025
₹20.42 Cr ▲ 38%
Net loss · FY 2025
₹81.77 Lakh margin -4%
EBITDA · FY 2025
₹5.66 Cr margin 27.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 38%
3 years · compounded
▲ 12%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 234%
3 years · compounded
▼ 10%
5 years · compounded
▲ 1%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 38% growth in the latest year. EBITDA rose 234% 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 | ₹5.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹81.77 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 | |||||
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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 | 27.7% | ||||
| Net Profit Margin | -4% | ||||
| 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 Advansys (India) Private Limited, buy the company report.
Board of directors of Advansys (India) Private Limited
Advansys (India) has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shakuntala Balwani Also directs: Playdium Sports Edutainment Private Limited | Director | 14 Jan 2002 | 24 Years 9 Months | Current |
| Pankaj Inder Balwani | Director | 14 Jan 2002 | 24 Years 9 Months | Current |
| Jaanhvi Balwani | Director | 26 Sep 2005 | 21 Years 1 Months | Current |
Peer comparison
Advansys (India) Private Limited is compared with the 3 companies closest to it by revenue in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aj Fibertek India Private Limited | ₹20.63 Cr (FY 2024) | 35.0% | Pune, Maharashtra, India | |||
| Advansys (India) Private Limitedthis company | ₹20.42 Cr (FY 2025) | -₹81.77 Lakh | -4% | 38.0% | Mumbai, Maharashtra, India | |
| Infinity Mediquip India Private Limited | ₹20.4 Cr (FY 2024) | -1.0% | Delhi, India | |||
| Invent Bio-Med Private Limited | ₹20.39 Cr (FY 2025) | 37.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Advansys (India) Private Limited, buy the company report.
Auditor
Advansys (India) Private Limited is audited by DAPNS & CO. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DAPNS & CO. | FY 2021 | 101412W |
Shareholding
The shareholding of Advansys (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Advansys (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹107.15 Cr
Satisfied charges
₹44.75 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2024 | 100988784 | Axis Bank Limited | ₹71.56 Cr | Open | |
| 28 Oct 2021 | 100514106 | Others | ₹35 Cr | Open | |
| 29 Dec 2018 | 100230900 | Others | ₹58.62 Lakh | Open | |
| 10 Sep 2014 | 10521658 | Others | ₹31.75 Cr | Satisfied | |
| 09 Sep 2014 | 10521648 | Union Bank of India | ₹3 Cr | Satisfied |
To see the full charge records of Advansys (India) Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Advansys (India) Private Limited has 32 court cases on record: 17 filed by Advansys (India), 15 filed against it. All cases are disposed.
Total cases
32
Filed by the company
17
Filed against the company
15
Disposed
32
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 14 | 0 |
| High courts | 3 | 1 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (R.C.A.) | Filed by the company against Endurance Technologies Ltd | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M/S. Universal Fire and Safety Services Ltd. THR. Rahul Ashok Ionde | Disposed |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed against the company by Endurance Technologies Ltd., | Disposed |
| District court, Pune, Maharashtra | Court case (Reg Dkst) | Filed against the company by V.G.A.Digital Printers Pvt.Ltd. | Disposed |
| Bombay High Court | Court case (MCA) | Filed against the company by Endurance Technologies Ltd. | Disposed |
To see the full case history of Advansys (India) Private Limited, 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.
Credit ratings & regulatory alerts
Advansys (India) Private Limited was last rated by Care on 26 May 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 26 May 2026 |
To see the full credit ratings and regulatory alerts of Advansys (India) Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Advansys (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Advansys (India) has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Advansys (India) Private Limited, buy the company report.
Recent activity
Advansys (India) Private Limited has 3 board changes on record since 2002: 3 appointments. The latest: Jaanhvi Balwani was appointed as Director on 26 Sep 2005.
Charges
A charge with Axis Bank Limited of Rs. 71.56 Cr registered on 27 Sep 2024 with Charge ID 100988784 was modified on 11 Nov 2024.
AGM
Advansys (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Axis Bank Limited amounted to Rs. 71.56 Cr with Charge ID 100988784 was registered on 27 Sep 2024.
Filing
Advansys (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 35.00 Cr with Charge ID 100514106 was registered on 28 Oct 2021.
Charges
A charge registered on 10 Sep 2014 via Charge ID 10521658 with Others was fully satisfied on 22 Sep 2021.
Charges
A charge registered on 09 Sep 2014 via Charge ID 10521648 with Union Bank Of India was fully satisfied on 06 Sep 2021.
Charges
A charge with Others of Rs. 31.75 Cr registered on 10 Sep 2014 with Charge ID 10521658 was modified on 16 Apr 2019.
Charges
A charge with Others amounted to Rs. 0.59 Cr with Charge ID 100230900 was registered on 29 Dec 2018.
Charges
A charge registered on 09 Sep 2014 via Charge ID 10521654 with Union Bank Of India was fully satisfied on 17 Mar 2018.
Charges
A charge with Union Bank Of India of Rs. 7.00 Cr registered on 09 Sep 2014 with Charge ID 10521654 was modified on 16 Sep 2014.
Charges
A charge with Others amounted to Rs. 31.75 Cr with Charge ID 10521658 was registered on 10 Sep 2014.
8 earlier events are in the company report.
Frequently asked questions
Advansys (India) 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 14 January 2002 (24+ years old) and is registered under CIN U31909MH2002PTC134559.
Advansys (India) has 3 current directors:
- Shakuntala Balwani - Director
- Pankaj Inder Balwani - Director
- Jaanhvi Balwani - Director
The latest financial statements of Advansys (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Advansys (India) has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Advansys (India) is U31909MH2002PTC134559. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Advansys (India) has 32 court cases on record: 17 filed by the company and 15 filed against it. Most are in the district courts.
Advansys (India) was incorporated on 14 January 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Advansys (India) by revenue are Aj Fibertek India Private Limited, Infinity Mediquip India Private Limited, Invent Bio-Med Private Limited, all in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Jaanhvi Balwani was appointed as Director on 26 Sep 2005. Pankaj Inder Balwani was appointed as Director on 14 Jan 2002. Shakuntala Balwani was appointed as Director on 14 Jan 2002.
Yes, Advansys (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0141045).
Advansys (India) can be reached through the website advansys.co.in. Its registered office is in Mumbai, Maharashtra, India.
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