MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0030274
Aster Medispro Private Limited - healthcare in Jigani, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹16.04 Cr
▲ 44% YoY
Net profit · FY 2024
₹42.41 Lakh
Net margin 2.6%
EBITDA · FY 2024
₹2.42 Cr
EBITDA margin 15.1%
Authorised capital
₹35 Lakh
Registered with MCA
Paid-up capital
₹33 Lakh
Issued & subscribed
Open charges
₹6 Cr
Satisfied ₹5.99 Cr
Company age
25 yrs
Est. 2001
Employees · EPFO
76
Provident fund records
About Aster Medispro Private Limited
Data last updated:
Aster Medispro Private Limited is a private limited company based in Jigani, Karnataka, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 20 September 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24239KA2001PTC029556. Its GSTIN is 29AADCA3163A1Z5 (Karnataka).
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹33 Lakh. It is led by directors Manikandan Thachat (Managing Director) and Manikandan Shakeela.
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 Jigani, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.04 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹42.41 Lakh (net margin 2.6%) and EBITDA of ₹2.42 Cr (EBITDA margin 15.1%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 15% over five years.
The company has about 76 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Aster Medispro. As per MCA filings, the company has open charges of ₹6 Cr and satisfied charges of ₹5.99 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it.
Aster Medispro Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0030274). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website astermedispro.net.
Company Details of Aster Medispro Private Limited
CIN U24239KA2001PTC029556
Registration Number 029556
Incorporation Date 20 September 2001
ROC Bangalore
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 MSME
Udyam Registration UDYAM-KR-03-0030274
Recognitions & Rankings of Aster Medispro
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressS. P. 181 10th Main 1st Stage (Kssidc) Dr. B.R. Ambedkar Industrial Estate Ji, Gani Indus, Jigani, Karnataka, India – 562106
- IndustryHealthcare, Medical & Laboratory Equipment
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Associated Brands with Aster Medispro Private Limited
Aster Medispro operates one associated brand: ASTER MEDISPRO. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures life-saving medical devices for urology, radiology, and healthcare needs. | astermedispro.net |
Business Activity of Aster Medispro Private Limited
The main business activity of Aster Medispro is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Aster Medispro Private Limited FY 2024 filings available
Aster Medispro Private Limited reported revenue of ₹16.04 Cr (up 44% YoY) for FY 2024.
Revenue · FY 2024
₹16.04 Cr ▲ 44%
Net profit · FY 2024
₹42.41 Lakh margin 2.6%
EBITDA · FY 2024
₹2.42 Cr margin 15.1%
Compounded Annual Growth Rate (CAGR) of Aster Medispro Private Limited
Revenue CAGR growth
1 year
▲ 44%
3 years · compounded
▲ 41%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 50%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 44% growth in the latest year. EBITDA rose 22% 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 Aster Medispro Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹2.42 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹42.41 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 | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Aster Medispro Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| 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 Aster Medispro are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Aster Medispro Private Limited
Aster Medispro has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manikandan Shakeela Also directs: Mahima Charitable Foundation | Director | 19 Mar 2021 | 5 Years 7 Months | Current |
| Manikandan Thachat Also directs: Mahima Charitable Foundation | Managing Director | 20 Sep 2001 | 25 Years 1 Months | Current |
Peer Comparison of Aster Medispro Private Limited
Aster Medispro Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Medical and Laboratory Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Space Time and Research Private Limited | ₹16.37 Cr (FY 2016) | •••• | •••• | 134.0% | •••• | Meerut, Uttar Pradesh, India |
| Lucky Deep Cleanroom Private Limited | ₹16.23 Cr (FY 2024) | •••• | •••• | 75.0% | •••• | Nashik, Maharashtra, India |
| Mack Pharmatech Private Limited | ₹16.19 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Nashik, Maharashtra, India |
| Veritas Bioventions Private Limited | ₹16.14 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Vapi, Gujarat, India |
| Irays Medtech Solutions Private Limited | ₹16.09 Cr (FY 2024) | •••• | •••• | 292.0% | •••• | Gurugram, Haryana, India |
| Aster Medispro Private Limited this company | ₹16.04 Cr (FY 2024) | •••• | •••• | 44.0% | •••• | Jigani, Karnataka, India |
| Imperial Biotech Private Limited | ₹16.04 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Dadri, Uttar Pradesh, India |
| Vinvish Technologies Private Limited | ₹16.02 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | Thiruvananthapuram, Kerala, India |
| HR Traders Private Limited | ₹16.02 Cr (FY 2025) | •••• | •••• | 355.0% | •••• | Delhi, India |
| Tuoren Medical Device India Private Limited | ₹16 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Avishkar International Private Limited | ₹15.97 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Aster Medispro by revenue in the Healthcare industry (Medical and Laboratory Equipment), 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 Aster Medispro Private Limited
Aster Medispro Private Limited is audited by Jabagodu S P & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Jabagodu S P & Co | Locked | Locked | Locked |
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Ownership and Shareholding of Aster Medispro Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Aster Medispro Private Limited
Open charges
₹6 Cr
Satisfied charges
₹5.99 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jul 2024 | Others | ₹6 Cr | Open |
| 24 Jun 2020 | Others | ₹30.28 Lakh | Satisfied |
| 16 Nov 2018 | Others | ₹3.6 Cr | Satisfied |
| 28 Oct 2002 | Bank of India | ₹2.08 Cr | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Aster Medispro Private Limited
Aster Medispro Private Limited has 5 court cases on record: 2 filed by Aster Medispro, 3 filed against it. All cases are disposed. Status as checked between 21 Sep 2026 and 02 Oct 2026.
Total cases
5
Filed by the company
2
Filed against the company
3
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Aramex India Private Limited | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Court case (ESI) | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Court case (COP) | Filed against the company by an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
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Full case history
All 5 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 Aster Medispro Private Limited
Aster Medispro Private Limited has a workforce of 76 employees as of Oct 08, 2025.
Employee count
76
Active EPFO establishments
1
Employee growth
10.14%
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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 Aster Medispro Private Limited
Aster Medispro Private Limited has 8 board changes on record since 2001: 2 appointments and 6 cessations. The latest: Nataraj Madhugiri ceased to be Director on 22 Dec 2023.
AGM
Aster Medispro Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others of Rs. 600.00 Lakh registered on 31 Jul 2024 with Charge ID 100970770 was modified on 30 Aug 2024.
Charges
A charge registered on 24 Jun 2020 via Charge ID 100357191 with Others was fully satisfied on 14 Aug 2024.
Charges
A charge registered on 16 Nov 2018 via Charge ID 100220341 with Others was fully satisfied on 14 Aug 2024.
Charges
A charge with Others amounted to Rs. 600.00 Lakh with Charge ID 100970770 was registered on 31 Jul 2024.
Filing
Aster Medispro Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Nataraj Madhugiri ceased to be Director.
Ceased
Ravishankar Vishwanatha Gupta Madhugiri ceased to be Director.
Ceased
Manikandan Thachat ceased to be Director.
Charges
A charge with Others of Rs. 360.00 Lakh registered on 16 Nov 2018 with Charge ID 100220341 was modified on 11 Jan 2022.
Ceased
Manikandan Shakeela ceased to be Additional Director.
Appointed
Manikandan Shakeela was appointed as Director.
9 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Aster Medispro Private Limited
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MSME Payment Delays by Aster Medispro Private Limited
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Subsidiaries & Group Companies of Aster Medispro Private Limited
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GST Compliance of Aster Medispro Private Limited
Aster Medispro has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCA3163A1Z5 | Karnataka | Active | 01 Jul 2017 |
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MCA Filings & Documents of Aster Medispro Private Limited
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Frequently Asked Questions about Aster Medispro Private Limited
Aster Medispro is an active private limited company based in Jigani, Karnataka, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 20 September 2001 (25+ years old) and is registered under CIN U24239KA2001PTC029556.
Aster Medispro reported revenue of ₹16.04 Cr for FY 2024 (up 44% YoY).
Aster Medispro has 2 current directors:
- Manikandan Thachat - Managing Director
- Manikandan Shakeela - Director
Aster Medispro reported a net profit of ₹42.41 Lakh (net margin 2.6%) and EBITDA of ₹2.42 Cr (EBITDA margin 15.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aster Medispro is 41% over three years and 15% over five years. In the latest year (FY 2024) revenue rose 44%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aster Medispro is 29AADCA3163A1Z5, registered in Karnataka.
The CIN (Corporate Identification Number) of Aster Medispro is U24239KA2001PTC029556. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aster Medispro has 5 court cases on record: 2 filed by the company and 3 filed against it. Most are in the district courts.
Aster Medispro was incorporated on 20 September 2001, making it 25+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Aster Medispro by revenue are Space Time and Research Private Limited, Lucky Deep Cleanroom Private Limited, Mack Pharmatech Private Limited, Veritas Bioventions Private Limited, Irays Medtech Solutions Private Limited and 5 more, all in the Healthcare industry (Medical and Laboratory Equipment).
Nataraj Madhugiri ceased to be Director on 22 Dec 2023. Ravishankar Vishwanatha Gupta Madhugiri ceased to be Director on 22 Dec 2023. Manikandan Thachat ceased to be Director on 21 Dec 2023. Aster Medispro has 8 board changes on record in total.