About FirstSource
FirstSource is a Retail company based in Hyderabad (India) founded in 2010, and was acquired by LabCorp in September 2010. Scientific equipment and supplies are distributed online by FirstSource. The company has 104 employees. Its Indian entity First Source Laboratory Solutions Llp reported revenue of ₹70.47 Cr. FirstSource offers products and services including Analytical Instruments, Fluid Handling, Centrifuges, Microscopes, and Pipettes. Its focus areas include B2B E-Commerce, Scientific Equipment & Supplies and E-Distributor. Its competitors include Pigi, Chemkart and Chemical Shoppe.
Company details
FirstSource was established in 2010 in Hyderabad, India, as an e-distributor in the scientific sector. Analytical instruments, cooling and heating equipment, fluid handling tools, sterilizing accessories, and lab essentials are offered through its platform. Associated brands include LabNet, BrightMax, Contech, Finar, and Optika. Operations focus on providing these supplies to research and laboratory environments across the region.
- Headquarters Hyderabad, India
- Employees 104
- Stage Acquired
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website firstsourcels.com
- Social LinkedIn X Facebook YouTube
- Acquired by LabCorp (Sep 2010)
- Legal Name First Source Laboratory Solutions Llp
- Date of Incorporation 14 Jan, 2011
- Jurisdiction Hyderabad, Telangana, India
Associated legal entities of FirstSource
FirstSource operates through First Source Laboratory Solutions Llp (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| First Source Laboratory Solutions Llp CIN AAA-3396 | Active | 14 Jan 2011 | Hyderabad, Telangana | ₹70.5 Cr | 104 | 6 | View details |
Products & Services of FirstSource
FirstSource offers a comprehensive portfolio of products and services, including Analytical Instruments, Fluid Handling, Centrifuges, Microscopes, and Pipettes.
Devices for chemical analysis and measurement in laboratories.
Equipment for precise liquid handling and transfer.
Machines for separating substances via spinning.
Tools for magnifying and examining samples.
Instruments for accurate volume measurement.
Apps and channels of FirstSource
its YouTube channel FirstSourceLS Bangalore - Laboratory Equipments / Instruments Suppliers has 4.39K subscribers and 30 videos.
Videos from FirstSource
The most watched videos on FirstSource's YouTube channel, FirstSourceLS Bangalore - Laboratory Equipments / Instruments Suppliers (4.39K subscribers). Click a video to play it here.
More on FirstSourceLS Bangalore - Laboratory Equipments / Instruments Suppliers.
Investors in FirstSource
FirstSource has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include LabCorp.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of laboratory tests for physicians | 1969 | labcorp.com | Burlington, United States |
Investor details for FirstSource
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Board of directors of First Source Laboratory Solutions Llp (FirstSource)
First Source Laboratory Solutions Llp is the primary company behind FirstSource. The board of First Source Laboratory Solutions Llp currently have 6 directors; the longest-serving is Thyagarajan Srinivasan, appointed in 2011.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Thyagarajan Srinivasan DIN 00380127 | Designated Partner | 14 Jan 2011 | 15 yrs 9 mo | First Source Laboratory Solutions Llp |
| Manikandan Narasimhan DIN 01539278 | Designated Partner | 14 Jan 2011 | 15 yrs 9 mo | First Source Laboratory Solutions Llp |
| Lalitha Manikandan DIN 01539292 | Designated Partner | 14 Jan 2011 | 15 yrs 9 mo | First Source Laboratory Solutions Llp |
| Ravindranath Cherukuri DIN 00396680 | Designated Partner | 14 Jan 2011 | 15 yrs 9 mo | First Source Laboratory Solutions Llp |
| Mitesh Rameshchandra Desai DIN 01904317 | Designated Partner | 14 Jan 2011 | 15 yrs 9 mo | First Source Laboratory Solutions Llp |
| Arvind Thyagarajan DIN 01434766 | Designated Partner | 14 Jan 2011 | 15 yrs 9 mo | First Source Laboratory Solutions Llp |
Financials of FirstSource
Figures of First Source Laboratory Solutions Llp, the primary company behind FirstSource, for FY 2023. Revenue was ₹70.47 Cr (-9% year on year). Net profit was ₹8.30 Cr (12% margin). EBITDA was ₹9.47 Cr (13% margin). Revenue has grown at a compounded annual rate of +5% over three years and +2% over five years.
- ₹70.47 CrRevenue · FY 2023 · -9% YoY
- ₹8.30 CrNet profit · 12% margin
- ₹9.47 CrEBITDA · 13% margin
- 104Employees (provident fund records)
- +5%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of First Source Laboratory Solutions Llp are on its company page.
Detailed financial statements for FirstSource
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of FirstSource
2 dated milestones of FirstSource, from founding to its latest funding, stage changes and deals.
- Founded FirstSource is founded.
- Exit Acquired by LabCorp.
Competitors of FirstSource
FirstSource has 3 listed competitors in our database. They include Pigi, Chemkart and Chemical Shoppe.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pigi.in | 2016 | Gurugram, India | Provides a platform for bulk buying of supplements and sports nutrition. | |||
| chemkart.com | 2015 | Mumbai, India | 29 | Over 5,000 chemical products are sold via an online marketplace. | ||
| chemicalshoppe.com | 2015 | Ahmedabad, India | Chemicals and laboratory equipment are offered via an online marketplace. |
Detailed competitors of FirstSource
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Web traffic of FirstSource
Websites that share an audience with FirstSource (firstsourcels.com).
Websites whose visitors overlap most with FirstSource. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| glasscolabs.com | 100% | 29.7K | #958,527 | View details | |
coleparmer.in | coleparmer.in | 77% | #1,239,269 | – | |
| himedialabs.com | 56% | 284.7K | #167,428 | View details | |
fslsas.com | fslsas.com | 30% | #13,857,232 | – | |
vegabazaar.com | vegabazaar.com | 28% | – |
Top companies in B2B Marketplaces & Wholesale
2 companies that operate in the same segment as FirstSource (B2B Marketplaces & Wholesale) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | Noida, Uttar Pradesh, India | USD 37.24 M | USD 167.23 M | 6,100 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 783.57 M | USD 1.43 B | 2,645 |
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Related news about Firstsource
Complete news archive for FirstSource
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Frequently Asked Questions about FirstSource
FirstSource was founded in 2010.
FirstSource is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
FirstSource has 104 employees.
The primary company behind FirstSource, First Source Laboratory Solutions Llp, reported revenue of ₹70.47 Cr for FY 2023, down 9% year on year.
FirstSource was established in 2010 in Hyderabad, India, as an e-distributor in the scientific sector. Analytical instruments, cooling and heating equipment, fluid handling tools, sterilizing accessories, and lab essentials are offered through its platform. Associated brands include LabNet, BrightMax, Contech, Finar, and Optika. Operations focus on providing these supplies to research and laboratory environments across the region.
FirstSource's top competitors include Chemkart, Chemical Shoppe and Pigi.
FirstSource offers Analytical Instruments, Fluid Handling, Centrifuges, Microscopes, and Pipettes.
FirstSource has 1 investor. Key investors include LabCorp.
FirstSource operates through First Source Laboratory Solutions Llp.
Yes. FirstSource was acquired by LabCorp in September 2010.
The legal entities of FirstSource currently have 6 directors, including Thyagarajan Srinivasan, Manikandan Narasimhan, Lalitha Manikandan and others.