About MagHeals
MagHeals is a Healthcare company based in Bengaluru (India) founded in 2021 by Rajesh Katoch and Shilpee Jain. Magnetic hyperthermia devices for non-invasive cancer treatment are provided. The company has 1 employees. Its Indian entity Magheals Private Limited reported revenue of ₹17.7 Lakh. MagHeals offers products and services including MagnaTheron TM and ThermoHeals R. Its focus areas include Life Sciences, Oncology, Medical Devices and Therapies.
Company details
MagHeals was founded in 2021 in Bengaluru, India, within the medical device sector focused on oncology. A non-invasive therapy system is offered for cancer treatment, comprising mag-plasta bandage with magnetic nanofibersand an alternating current magnetic field generator. Localized heat is produced by the system to target and eliminate tumor cells, while surrounding healthy tissue remains unaffected. Operations center on device development and clinical application in hyperthermia-based therapies.
- Headquarters Bengaluru, India
- Employees 1
- Founders Rajesh Katoch, Shilpee Jain
- SectorsHealthcare
- Email••••••••
- Website magheals.com
- Social LinkedIn
- Legal Name Magheals Private Limited
- Date of Incorporation 10 Nov, 2021
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹17.7 Lakh
FY 2024 · -2% YoY
- Investors
- Employee Count1
Associated legal entities of MagHeals
MagHeals operates through Magheals Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Magheals Private Limited CIN U33119KA2021PTC154153 | Active | 10 Nov 2021 | Bangalore, Karnataka | ₹0.2 Cr | 3 | View details |
Products & Services of MagHeals
MagHeals offers a comprehensive portfolio of products and services, including MagnaTheron TM and ThermoHeals R.
Device that generates magnetic fields to heat tumors for cancer therapy.
Magnetic nanoparticles injected to target and destroy cancer cells via heat.
Funding Insights of MagHeals
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of MagHeals with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | Grant | – | – |
1 investors in total: 1 institutional.
Investors in MagHeals
MagHeals has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Honeywell Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| honeywell.com/en-us/company/ventures |
Investor details for MagHeals
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Magheals Private Limited (MagHeals)
Magheals Private Limited is the primary company behind MagHeals. The board of Magheals Private Limited currently have 3 directors; the longest-serving is Rajesh Katoch, appointed in 2021. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajesh Katoch DIN 09394061 | Director | 10 Nov 2021 | 4 yrs 11 mo | Magheals Private Limited |
| Shilpee Jain DIN 09394062 | Director | 10 Nov 2021 | 4 yrs 11 mo | Magheals Private Limited |
| Surendra Kumar Jain DIN 10802799 | Director | 15 Oct 2024 | 2 yrs | Magheals Private Limited |
People of MagHeals
2 people are tracked at MagHeals (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for MagHeals
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of MagHeals
Figures of Magheals Private Limited, the primary company behind MagHeals, for FY 2024. Revenue was ₹17.7 Lakh (-2% year on year).
- ₹17.7 LakhRevenue · FY 2024 · -2% YoY
- ₹1.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Magheals Private Limited are on its company page.
Detailed financial statements for MagHeals
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of MagHeals
2 dated milestones of MagHeals across 2 years, from founding to its latest funding, stage changes and deals.
- Founded MagHeals is founded.
- Funding First funding round.
Web traffic of MagHeals
The website of MagHeals (magheals.com) receives about 1.2K visits a month.
- Monthly visits1.2K
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Frequently Asked Questions about MagHeals
MagHeals was founded in 2021 and raised its 1st funding round 2 years after it was founded.
MagHeals is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
MagHeals has 1 employees.
The primary company behind MagHeals, Magheals Private Limited, reported revenue of ₹17.7 Lakh for FY 2024, down 2% year on year.
MagHeals was founded in 2021 in Bengaluru, India, within the medical device sector focused on oncology. A non-invasive therapy system is offered for cancer treatment, comprising mag-plasta bandage with magnetic nanofibersand an alternating current magnetic field generator. Localized heat is produced by the system to target and eliminate tumor cells, while surrounding healthy tissue remains unaffected. Operations center on device development and clinical application in hyperthermia-based therapies.
MagHeals offers MagnaTheron TM and ThermoHeals R.
MagHeals has 1 investor. Key investors include Honeywell Ventures.
MagHeals operates through Magheals Private Limited.
The legal entities of MagHeals currently have 3 directors, including Rajesh Katoch, Shilpee Jain, Surendra Kumar Jain.