About Medall
Medall is a Healthcare company based in Chennai (India) founded in 2008. Medical diagnostic services are provided through a chain of centres. Medall has raised $55.1 million across 10 funding rounds from investors including Peepul Capital, Captain N Raghavan and Ajay Sakamuri. Medall was last valued at $39.03 million in March 2024. Its chief executive, as recorded, is Preetha Raja. Its website medall.in draws about 32 thousand monthly visits. Its focus areas include Clinical Laboratory Chains and Diversified. Its competitors include Thyrocare, Vijaya Diagnostic Centre and Suraksha Diagnostics; 2 of its 3 listed competitors have raised funding.
Company details
Medall was founded in 2008 in Chennai, India, as a chain of medical diagnostic service centres. Operations focus on healthcare diagnostics, with lab tests and radiology services including CT and MRI scans, ultrasound, X-rays, ECG, ECHO, TMT, and mammograms offered across facilities. The company serves the diagnostic sector primarily in India, supporting clinical assessments for patients.
- Annual Revenue$19.78 M (USD)-20as on Mar 31, 2023
- Net Profit-$30.74 M (USD)-279as on Mar 31, 2023
- EBITDA-$18.64 M (USD)-2916as on Mar 31, 2023
- Total Equity Funding$55.1M (USD)
in 10 rounds
- InvestorsPeepul Capital
& 8 more
Associated legal entities of Medall
Medall is associated with 15 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Clumax Diagnostic And Research Centre Private Limited CIN U85110KA2004PTC035092 | Active | 24 Nov 2004 | Bangalore, Karnataka | ₹18.8 Cr | 65 | 2 | View details |
| Medall Visakhapatnam Private Limited CIN U85320TN2018PTC125701 | Active | 06 Nov 2018 | Chennai, Tamil Nadu | 2 | View details | ||
| Medall Scans And Labs Ranchi Private Limited CIN U85110TN2015PTC100831 | Active | 05 Jun 2015 | Chennai, Tamil Nadu | ₹18.1 Cr | 69 | 2 | View details |
| Medall Scans And Labs Aranthangi Private Limited CIN U74999TN2011PTC081056 | Amalgamated | 14 Jun 2011 | Chennai, Tamil Nadu | ₹0.0 Cr | 3 | View details | |
| Medall Scans And Labs Kottayam Private Limited CIN U74999TN2011PTC081047 | Amalgamated | 14 Jun 2011 | Chennai, Tamil Nadu | ₹0.5 Cr | 3 | View details | |
| Medall Scans And Labs Arupukottai Private Limited CIN U74990TN2011PTC081039 | Amalgamated | 14 Jun 2011 | Chennai, Tamil Nadu | ₹0.4 Cr | 3 | View details | |
| Medall Scans And Labs Tiruvannamalaiprivate Limited CIN U74990TN2011PTC079015 | Amalgamated | 02 Feb 2011 | Chennai, Tamil Nadu, India | View details | |||
| Medall Scans And Labs Kallakurichiprivate Limited CIN U74990TN2011PTC079021 | Amalgamated | 02 Feb 2011 | Chennai, Tamil Nadu, India | View details | |||
| Medall Scans And Labs Kumbakonam Private Limited CIN U74990TN2010PTC078156 | Amalgamated | 19 Nov 2010 | Chennai, Tamil Nadu, India | View details | |||
| Medall Scans And Labs Chengalpattuprivate Limited CIN U74900TN2011PTC081054 | Amalgamated | 14 Jun 2011 | Chennai, Tamil Nadu, India | View details | |||
| Medall Scans And Labs Marthahalliprivate Limited CIN U74900TN2011PTC080255 | Active | 21 Apr 2011 | Chennai, Tamil Nadu, India | View details | |||
| Medall Scans And Labs Mayiladuduraiprivate Limited CIN U74220TN2010PTC078159 | Amalgamated | 19 Nov 2010 | Chennai, Tamil Nadu, India | View details | |||
| Medall Spark Diagnostics Nashik Private Limited CIN U74120TN2013PTC091043 | Active | 09 May 2013 | Chennai, Tamil Nadu, India | View details | |||
| Medall Scans And Labs Private Limited CIN U74990TN2010PTC078126 | Amalgamated | 18 Nov 2010 | Chennai, Tamil Nadu, India | View details | |||
| Medall Healthcare Private Limited CIN U85110TN1994PTC029023 | Active | 24 Oct 1994 | Chennai, Tamil Nadu, India | View details |
Funding Insights of Medall
Medall has successfully raised a total of $55.1M across 10 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $55.1M
- Total Rounds 10
- First Round $9.27M
(Nov 2009)
- Investors Count 9
All 10 funding rounds of Medall 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 |
|---|---|---|---|---|---|
| Mar 2024 | Series B | $39.03M | – | ||
| Mar 2022 | $19.59M | Series B | – | ASH Investment Partners | – |
| Dec 2021 | $540,884 | Angel Round | – | Sandeep Nadigadda Reddy | – |
| Jul 2014 | $10.08M | Series B | $15.71M | Siguler Guff | – |
| Mar 2013 | $5.97M | Series B | $••••• | Peepul Capital | |
| Apr 2012 | $435,977 | Series B | $••••• | Palmyrah Capital | – |
| Dec 2010 | $1.76M | Series A | $••••• | Peepul Capital | |
| Jul 2010 | $3.15M | Series A | $••••• | Peepul Capital | |
| Feb 2010 | $4.29M | Series A | $••••• | Peepul Capital | |
| Nov 2009 | $9.27M | Series A | $••••• | Peepul Capital |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2024 | $39.03M | •••••••• |
| Jul 2014 | $15.71M | •••••••• |
| Mar 2013 | $••••• | •••••••• |
| Apr 2012 | $••••• | •••••••• |
| Dec 2010 | $••••• | •••••••• |
| Jul 2010 | $••••• | •••••••• |
| Feb 2010 | $••••• | •••••••• |
| Nov 2009 | $••••• | •••••••• |
Full valuation and stage history of Medall
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $39.03M (Mar 2024). 9 investors in total: 5 institutional and 4 angel.
Investors in Medall
Medall has secured backing from 9 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Peepul Capital, Captain N Raghavan and Ajay Sakamuri.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on buyouts | sigulerguff.com | New York, United States | ||
Private equity firm engaged in growth investments across India. | 2000 | peepulcapital.com | Port Louis, Mauritius | |
Venture capital firm investing in multiple sectors | ashvx.com | Atlanta, United States | ||
| palmyrahcapital.com | ||||
CN Captain N Raghavan | unknown_caceab0f87e344948 | |||
AS Ajay Sakamuri | unknown_e5bd2410169e42ce9 | |||
RV Raju Venkataraman | unknown_b32d018397cb447e8 | |||
SN Sandeep Nadigadda Reddy | unknown_429bb994e99c44929 |
Investor details for Medall
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 Medall
The boards of the 6 registered companies of Medall currently have 5 directors; the longest-serving is Suthamally Ramanan, appointed in 2011. 62 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Suthamally Ramanan DIN 03331626 | Director | 14 Jun 2011 | 15 yrs 5 mo | Medall Scans And Labs Arupukottai Private Limited, Medall Scans And Labs Kottayam Private Limited, Medall Scans And Labs Aranthangi Private Limited |
| Kollengode Ravi Shankar Ramachandran DIN 07932233 | Director | 07 Sep 2017 | 9 yrs 2 mo | Medall Scans And Labs Arupukottai Private Limited, Medall Scans And Labs Kottayam Private Limited, Medall Scans And Labs Aranthangi Private Limited |
| Mukund Rangarajan DIN 07352930 | Additional Director | 12 Jul 2021 | 5 yrs 4 mo | Medall Scans And Labs Arupukottai Private Limited, Medall Scans And Labs Kottayam Private Limited, Medall Scans And Labs Aranthangi Private Limited |
| Balakrishnan Janardhanan DIN 11138335 | Additional Director | 05 Jun 2025 | 1 yr 5 mo | Clumax Diagnostic And Research Centre Private Limited, Medall Visakhapatnam Private Limited, Medall Scans And Labs Ranchi Private Limited |
| Srinathan Rajagopalan DIN 11320212 | Additional Director | 27 Sep 2025 | 1 yr 1 mo | Clumax Diagnostic And Research Centre Private Limited, Medall Visakhapatnam Private Limited, Medall Scans And Labs Ranchi Private Limited |
People of Medall
7 people are tracked at Medall (5 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Preetha Raja | Co-CEO | Leadership |
| Co-CEO | Leadership | |
Sarala Sivakumar | Senior Vice President- Head Hr, T&d Customer Service & Projects | Leadership |
Rajesh Sampath | Senior Vice President- Franchise Business | Leadership |
Krishan Bhardwaj | Sr. Vice President- Head IT | Leadership |
Prabha Karan V | Corporate Operation Executive | Team |
Arun Shankar | Channel Development Manager | Team |
Complete people profiles for Medall
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 Medall
Figures of Clumax Diagnostic And Research Centre Private Limited, the primary company behind Medall, for FY 2024. Revenue was ₹18.78 Cr (-15% year on year). Net loss was -₹11.01 Cr (-59% margin). EBITDA was -₹1.40 Cr (-7% margin). Revenue has grown at a compounded annual rate of -10% over three years and -12% over five years.
- ₹18.78 CrRevenue · FY 2024 · -15% YoY
- -₹11.01 CrNet loss · -59% margin
- -₹1.40 CrEBITDA · -7% margin
- ₹1.67 CrPaid-up capital
- 65Employees (provident fund records)
- -10%Revenue CAGR, 3 years
- -12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Clumax Diagnostic And Research Centre Private Limited are on its company page.
Detailed financial statements for Medall
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 Medall
4 dated milestones of Medall across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Medall is founded.
- Funding First funding round of $9.3M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B,.
Competitors of Medall
Medall has 3 listed competitors in our database, 2 of them funded. They include Thyrocare, Vijaya Diagnostic Centre and Suraksha Diagnostics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| thyrocare.com | 1996 | Mumbai, India | $63.59M | 1,889 | Diagnostic testing centers for pathology and health screenings are operated. | |
| vijayadiagnostic.com | 1981 | Hyderabad, India | Diagnostic services are offered via a chain of centers. | |||
| surakshanet.com | 2005 | Kolkata, India | $49M | 1,180 | Pathology, molecular diagnostics, and imaging services are provided. |
Detailed competitors of Medall
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Medall
The website of Medall (medall.in) receives about 32.3K visits a month.
- Monthly visits32.3K
▲ 12.2% vs previous month
Websites whose visitors overlap most with Medall. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| lotusdiagnostic.com | 100% | #989,167 | View details | ||
| andersondiagnostics.com | 90% | 34.3K | #799,169 | View details | |
elbitdiagnostics.net | elbitdiagnostics.net | 87% | – | ||
| accuprobe.in | 87% | 23.6K | #928,532 | View details | |
srldiagnostics.in | srldiagnostics.in | 85% | #3,285,724 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Medall
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Diagnostics Laboratories
3 companies that operate in the same segment as Medall (Diagnostics Laboratories) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diagnostic testing centers for pathology and health screenings are operated. | 1996 | Mumbai, Maharashtra, India | USD 63.59 M | USD 90.17 M | 1,979 | |
Chain of pathology and radiology labs | 1949 | Gurugram, Haryana, India | USD 13.9 M | USD 294.49 M | 5,310 | |
Home-based diagnostic tests are booked via an online platform. | 2018 | Noida, Uttar Pradesh, India | USD 116.42 M | USD 52.45 M | 2,334 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Medall
Complete news archive for Medall
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Medall
Medall was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Medall is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Preetha Raja is the CEO of Medall, as recorded in our data.
Medall is a funded company, having raised a total of $55.1M across 10 funding rounds to date. The company's 1st funding round was a Series A of $9.27M, raised on Nov 2009.
Annual revenue of Medall is $19.78M as on Mar 31, 2023.
Medall was founded in 2008 in Chennai, India, as a chain of medical diagnostic service centres. Operations focus on healthcare diagnostics, with lab tests and radiology services including CT and MRI scans, ultrasound, X-rays, ECG, ECHO, TMT, and mammograms offered across facilities. The company serves the diagnostic sector primarily in India, supporting clinical assessments for patients.
Medall's top competitors include Thyrocare, Suraksha Diagnostics and Vijaya Diagnostic Centre.
Medall has 9 investors. Key investors include Peepul Capital, Captain N Raghavan, Ajay Sakamuri, Siguler Guff, and Palmyrah Capital.
The valuation of Medall is $39.03M as of Mar 2024.
Medall is associated with 6 legal entities: Clumax Diagnostic And Research Centre Private Limited, Medall Scans And Labs Arupukottai Private Limited, Medall Scans And Labs Kottayam Private Limited and others.
The legal entities of Medall currently have 5 directors, including Balakrishnan Janardhanan, Srinathan Rajagopalan, Suthamally Ramanan and others.