About MedBit
MedBit was a Technology company based in India founded in 2017. It manufactures night vision and thermal devices for defense and homeland security worldwide. It operates on a B2B model. Its Indian entity Medbit Technologies Private Limited reported revenue of ₹3.70 Cr. The company is recorded as dissolved. MedBit offers products and services including Night Vision Devices, Thermal Imagers, and Thermal Weapon Sight. Its focus areas include Defense, Optronics, Imaging Systems and Night Vision Devices. Its competitors include ideaForge, Marut Drones and Dhaksha; 3 of its 3 listed competitors have raised funding.
Company details
Medbit Technologies Private Limited produces advanced imaging systems, including night vision devices and thermal imagers, primarily for defense and homeland security forces. Based in Delhi, India, the company focuses on high-quality manufacturing and research to meet international standards like MIL-STD 810G. They serve armed forces globally through efficient production and RD in optical design and embedded systems, ensuring reliable solutions for safety and operations.
- Headquarters India
- SectorsTechnology
- Email••••••••
- Website medbit.in
- Legal Name Medbit Technologies Private Limited
- Date of Incorporation 24 Jun, 2017
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹3.70 Cr
FY 2024 · +799% YoY
- Net Profit₹25.8 Lakh
FY 2024 · 7% margin
- EBITDA₹37.1 Lakh
FY 2024 · 10% margin
Associated legal entities of MedBit
MedBit operates through Medbit Technologies 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 |
|---|---|---|---|---|---|---|---|
| Medbit Technologies Private Limited CIN U85193DL2017PTC319700 | Active | 24 Jun 2017 | New Delhi, Delhi | ₹3.7 Cr | 2 | View details |
Products & Services of MedBit
MedBit offers a comprehensive portfolio of products and services, including Night Vision Devices, Thermal Imagers, and Thermal Weapon Sight.
High-quality devices for enhanced night visibility in defense operations.
High-resolution imagers for thermal detection in military and security tasks.
Thermal sighting tool for accurate targeting in low-visibility conditions.
Board of directors of Medbit Technologies Private Limited (MedBit)
Medbit Technologies Private Limited is the primary company behind MedBit. The board of Medbit Technologies Private Limited currently have 2 directors; the longest-serving is Pitambara Shriprakash Somani, appointed in 2022. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pitambara Shriprakash Somani DIN 08469331 | Director | 27 Jun 2022 | 4 yrs 3 mo | Medbit Technologies Private Limited |
| Siddhant Shriprakash Somani DIN 06491349 | Director | 27 Jun 2022 | 4 yrs 3 mo | Medbit Technologies Private Limited |
Financials of MedBit
Figures of Medbit Technologies Private Limited, the primary company behind MedBit, for FY 2024. Revenue was ₹3.70 Cr (+799% year on year). Net profit was ₹25.8 Lakh (7% margin). EBITDA was ₹37.1 Lakh (10% margin). Revenue has grown at a compounded annual rate of +1001% over three years and +225% over five years.
- ₹3.70 CrRevenue · FY 2024 · +799% YoY
- ₹25.8 LakhNet profit · 7% margin
- ₹37.1 LakhEBITDA · 10% margin
- ₹6.4 LakhPaid-up capital
- +1001%Revenue CAGR, 3 years
- +225%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Medbit Technologies Private Limited are on its company page.
Detailed financial statements for MedBit
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.
Competitors of MedBit
MedBit has 3 listed competitors in our database, 3 of them funded. They include ideaForge, Marut Drones and Dhaksha.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ideaforgetech.com | 2007 | Navi Mumbai, India | $53.82M | 1,052 | Developer of unmanned aerial vehicles | |
| marutdrones.com | 2019 | Hyderabad, India | $6.35M | 132 | Precision drones are supplied for agricultural management tasks. | |
| dhakshadrones.com | 2019 | Chennai, India | $5.46M | 142 | Agricultural drones for crop management and spraying are provided. |
Detailed competitors of MedBit
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- Operating metrics
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Verified entity values are shown only after access is granted.
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Frequently Asked Questions about MedBit
MedBit was founded in 2017.
MedBit is headquartered in India.
The primary company behind MedBit, Medbit Technologies Private Limited, reported revenue of ₹3.70 Cr for FY 2024, up 799% year on year.
Medbit Technologies Private Limited produces advanced imaging systems, including night vision devices and thermal imagers, primarily for defense and homeland security forces. Based in Delhi, India, the company focuses on high-quality manufacturing and research to meet international standards like MIL-STD 810G. They serve armed forces globally through efficient production and RD in optical design and embedded systems, ensuring reliable solutions for safety and operations.
MedBit's top competitors include ideaForge, Marut Drones and Dhaksha.
MedBit offers Night Vision Devices, Thermal Imagers, and Thermal Weapon Sight.
MedBit operates through Medbit Technologies Private Limited.
The legal entities of MedBit currently have 2 directors, including Pitambara Shriprakash Somani, Siddhant Shriprakash Somani.