About Ban Group
Ban Group is a Healthcare company based in Rajkot (India) founded in 2002, and was acquired by True North in October 2018. Ayurvedic healthcare products are sold online through Ban Labs. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. The company has 335 employees. Its website banlabs.com draws about 16 thousand monthly visits. Ban Group offers products and services including Ayurvedic Medicines, Active Pharmaceutical Ingredients, Industrial Equipment, Clean Energy Solutions, and Personal Care Products. Its focus areas include Pharmaceuticals, Ayurvedic Medicine, Consumer Goods and Personal Care. Its legal entity in India is Ban Labs Pvt. Ltd (U24231GJ1986PTC008681). Its competitors include Patanjali Ayurved, LifeChart Ayurveda and Upakarma; 3 of its 3 listed competitors have raised funding.
Company details
Ban Group is involved in the production of diverse products across multiple sectors including healthcare, personal care, clean energy, and industrial equipment. Ayurvedic medicines and active pharmaceutical ingredients are developed for the healthcare industry, while personal care items like shampoos and fragrances cater to consumer needs. Clean energy solutions are provided through innovative fuel technologies, and industrial equipment is manufactured to enhance efficiency. Operations are supported by state-of-the-art research and development facilities recognized by the Ministry of Science, Government of India, ensuring high-quality standards across all offerings.
- Headquarters Rajkot, India
- Employees 335
- Stage Acquired
- SectorsHealthcare
- Phone•••• ••••
- Website banlabs.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by True North (Oct 2018)
- Legal Name Ban Labs Pvt. Ltd.
- Date of Incorporation 14 May, 1986
- Jurisdiction Rajkot, Gujarat, India
- Annual Revenue-₹144 Cr
FY 2025 · -255% YoY
- Net Loss-₹237 Cr
FY 2025 · 164% margin
- EBITDA-₹237 Cr
FY 2025 · 164% margin
- Investors
- Employee Count335
- Acquired byTrue North
(Oct 2018)
Associated legal entities of Ban Group
Ban Group operates through Ban Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ban Labs Private Limited CIN U24231GJ1986PTC008681 | Active | 14 May 1986 | Rajkot, Gujarat | -₹144 Cr | 335 | 5 | View details |
Products & Services of Ban Group
Ban Group offers a comprehensive portfolio of products and services, including Ayurvedic Medicines, Active Pharmaceutical Ingredients, Industrial Equipment, Clean Energy Solutions, and Personal Care Products.
Natural solutions for health conditions are provided holistically.
High-quality APIs are developed for global pharmaceutical needs.
Innovative industrial solutions like bubble generators are offered.
Sustainable fuel technologies are developed for environmental benefits.
Beauty and grooming products are crafted for consumers.
Apps and channels of Ban Group
its YouTube channel BAN LABS has 1.3K subscribers and 13 videos.
Videos from Ban Group
The most watched videos on Ban Group's YouTube channel, BAN LABS (1.3K subscribers). Click a video to play it here.
More on BAN LABS.
Investors in Ban Group
Ban Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include True North.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity is invested by True North in mid-market companies. | truenorth.co.in | Mumbai, India |
Investor details for Ban Group
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Board of directors of Ban Labs Private Limited (Ban Group)
Ban Labs Private Limited is the primary company behind Ban Group. The board of Ban Labs Private Limited currently have 4 directors; the longest-serving is Natwarlal Dahyabhai Ukani, appointed in 2005. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Natwarlal Dahyabhai Ukani DIN 00008812 | Director | 02 Apr 2005 | 21 yrs 7 mo | Ban Labs Private Limited |
| Maulesh Dayabhai Ukani DIN 00008820 | Director | 05 Apr 2005 | 21 yrs 7 mo | Ban Labs Private Limited |
| Luv Natwarlal Ukani DIN 06776954 | Director | 01 Jan 2014 | 12 yrs 10 mo | Ban Labs Private Limited |
| Jay Mauleshkumar Ukani DIN 06941278 | Director | 05 Dec 2017 | 8 yrs 11 mo | Ban Labs Private Limited |
People of Ban Group
2 people are tracked at Ban Group (2 in leadership); the tracked headcount is 335.
| Name | Role | Group |
|---|---|---|
Pankaj Trivedi | Founder and CEO | Leadership |
Nischal Sharma | Head Of Brand Marketing And Ecommerce | Leadership |
Complete people profiles for Ban Group
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Financials of Ban Group
Figures of Ban Labs Private Limited, the primary company behind Ban Group, for FY 2025. Revenue was -₹144 Cr (-255% year on year). Net loss was -₹237 Cr (164% margin). EBITDA was -₹237 Cr (164% margin). Revenue has grown at a compounded annual rate of -63% over three years and -33% over five years.
- -₹144 CrRevenue · FY 2025 · -255% YoY
- -₹237 CrNet loss · 164% margin
- -₹237 CrEBITDA · 164% margin
- ₹8.18 CrPaid-up capital
- 335Employees (provident fund records)
- -63%Revenue CAGR, 3 years
- -33%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ban Labs Private Limited are on its company page.
Detailed financial statements for Ban Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Ban Group
2 dated milestones of Ban Group across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Ban Group is founded.
- Exit Acquired by True North.
Competitors of Ban Group
Ban Group has 3 listed competitors in our database, 3 of them funded. They include Patanjali Ayurved, LifeChart Ayurveda and Upakarma.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| patanjaliayurved.net | 2006 | Haridwar, India | $430,624 | 1,460 | Ayurvedic medicines and nutraceuticals are offered via an online platform. | |
| lifechartayurveda.in | 2022 | Gurugram, India | $1.06M | Gut health-tech company developing ayurvedic healthcare solutions | ||
| upakarma.com | 2017 | Delhi, India | $55,822 | 3 | Internet first D2C brand offering ayurvedic health, beauty, immunity & wellness products |
Detailed competitors of Ban Group
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Web traffic of Ban Group
The website of Ban Group (banlabs.com) receives about 16.3K visits a month.
- Monthly visits16.3K
▲ 35.3% vs previous month
Websites whose visitors overlap most with Ban Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| banlab.com | 100% | View details | |||
| ayurvedamegastore.com | 76% | 35.7K | #1,127,485 | View details | |
shop.matrikas.co.in | shop.matrikas.co.in | 39% | #7,476,672 | – |
Top companies in Digital Health & Telemedicine
3 companies that operate in the same segment as Ban Group (Digital Health & Telemedicine) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of an online pharmacy with doctor listing and teleconsultation services | 2015 | Delhi, Delhi, India | USD 199.65 M | USD 328.97 M | 5,212 | |
Online platform offering multiple healthcare services | 2013 | Bengaluru, Karnataka, India | USD 199.22 M | USD 89.83 M | 4,231 | |
An online marketplace for healthcare products is operated. | 2011 | Kolkata, West Bengal, India | USD 38.26 M | USD 132.33 M | 1,344 |
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Related news about Ban Group
Complete news archive for Ban Group
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Frequently Asked Questions about Ban Group
Ban Group was founded in 2002.
Ban Group is headquartered in Rajkot, India. It is registered at Rajkot, Gujarat, India.
Ban Group has 335 employees.
The primary company behind Ban Group, Ban Labs Private Limited, reported revenue of -₹144 Cr for FY 2025, down 255% year on year.
Ban Group is involved in the production of diverse products across multiple sectors including healthcare, personal care, clean energy, and industrial equipment. Ayurvedic medicines and active pharmaceutical ingredients are developed for the healthcare industry, while personal care items like shampoos and fragrances cater to consumer needs. Clean energy solutions are provided through innovative fuel technologies, and industrial equipment is manufactured to enhance efficiency. Operations are supported by state-of-the-art research and development facilities recognized by the Ministry of Science, Government of India, ensuring high-quality standards across all offerings.
Ban Group's top competitors include Patanjali Ayurved, LifeChart Ayurveda and Upakarma.
Ban Group offers Ayurvedic Medicines, Active Pharmaceutical Ingredients, Industrial Equipment, Clean Energy Solutions, and Personal Care Products.
Ban Group has 1 investor. Key investors include True North.
Ban Group operates through Ban Labs Private Limited.
Yes. Ban Group was acquired by True North in October 2018.
The legal entities of Ban Group currently have 5 directors, including Akshit Shukla, Maulesh Dayabhai Ukani, Natwarlal Dahyabhai Ukani and others.