About Megsan Diagnostics
Megsan Diagnostics is a Healthcare company based in Hyderabad (India) founded in 2019 by Jayapal Reddy Madireddy and Jyothirmai Madireddy. It operates a chain of specialty diagnostic centers and pathology laboratories. It operates on a B2C model. The company has 87 employees. Its Indian entity Megsan Diagnostics Private Limited reported revenue of ₹67.13 Cr. Its focus areas include Diagnostics, Pathology Laboratories and Specialty Centers. Its competitors include Thyrocare, Vijaya Diagnostic Centre and Suraksha Diagnostics; 2 of its 3 listed competitors have raised funding.
Company details
Megsan Diagnostics, established in 2019, excels in providing healthcare solutions, offering diagnostic solutions, pathology laboratories, and specialty centers. Operates a chain of specialty diagnostic centers and pathology laboratories. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Hyderabad, India
- Employees 87
- Founders Jayapal Reddy Madireddy, Jyothirmai Madireddy
- SectorsHealthcare
- Website megsandiagnostics.com
- Social X Facebook
- Legal Name Megsan Diagnostics Private Limited
- Date of Incorporation 06 Nov, 2018
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹67.13 Cr
FY 2023 · -45% YoY
- Net Loss-₹53.43 Cr
FY 2023 · -80% margin
- EBITDA-₹34.53 Cr
FY 2023 · -51% margin
- Employee Count87
Associated legal entities of Megsan Diagnostics
Megsan Diagnostics is associated with 2 registered companies on The Company Check; the primary company is Megsan Diagnostics Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Megsan Diagnostics Private Limited CIN U85110TG2018PTC128173 | Active | 06 Nov 2018 | Hyderabad, Telangana | ₹67.1 Cr | 3 | View details | |
| Megsan Healthcare Private Limited CIN U24290TG2018PTC127895 | Active | 25 Oct 2018 | Hyderabad, Telangana | ₹0.0 Cr | 3 | View details |
Board of directors of Megsan Diagnostics Private Limited (Megsan Diagnostics)
Megsan Diagnostics Private Limited is the primary company behind Megsan Diagnostics. The boards of the 2 registered companies of Megsan Diagnostics currently have 4 directors; the longest-serving is Madireddy Jayapalreddy, appointed in 2018. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Madireddy Jayapalreddy DIN 06427696 | Managing Director | 06 Nov 2018 | 7 yrs 11 mo | Megsan Diagnostics Private Limited, Megsan Healthcare Private Limited |
| Madireddy Jyothirmai DIN 06427747 | Director | 06 Nov 2018 | 7 yrs 11 mo | Megsan Diagnostics Private Limited, Megsan Healthcare Private Limited |
| Abgar Barseyten DIN 08485123 | Director | 19 Dec 2022 | 3 yrs 10 mo | Megsan Healthcare Private Limited |
| Neeharika Makkuva DIN 08540817 | Company Secretary | 17 Jul 2025 | 1 yr 3 mo | Megsan Diagnostics Private Limited |
People of Megsan Diagnostics
2 people are tracked at Megsan Diagnostics (2 in leadership); the tracked headcount is 87.
| Name | Role | Group |
|---|---|---|
Jayapal Reddy Madireddy | Co-Founder, Managing Director | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Megsan Diagnostics
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Financials of Megsan Diagnostics
Figures of Megsan Diagnostics Private Limited, the primary company behind Megsan Diagnostics, for FY 2023. Revenue was ₹67.13 Cr (-45% year on year). Net loss was -₹53.43 Cr (-80% margin). EBITDA was -₹34.53 Cr (-51% margin). Revenue has grown at a compounded annual rate of +696% over three years.
- ₹67.13 CrRevenue · FY 2023 · -45% YoY
- -₹53.43 CrNet loss · -80% margin
- -₹34.53 CrEBITDA · -51% margin
- ₹149 CrPaid-up capital
- +696%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Megsan Diagnostics Private Limited are on its company page.
Detailed financial statements for Megsan Diagnostics
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- Downloads
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Competitors of Megsan Diagnostics
Megsan Diagnostics 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 Megsan Diagnostics
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- Full competitor set
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Top companies in Diagnostics Laboratories
3 companies that operate in the same segment as Megsan Diagnostics (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 88.36 M | 1,950 | |
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 41.86 M | 2,308 |
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Frequently Asked Questions about Megsan Diagnostics
Megsan Diagnostics was founded in 2019.
Megsan Diagnostics is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Megsan Diagnostics has 87 employees.
The primary company behind Megsan Diagnostics, Megsan Diagnostics Private Limited, reported revenue of ₹67.13 Cr for FY 2023, down 45% year on year.
Megsan Diagnostics, established in 2019, excels in providing healthcare solutions, offering diagnostic solutions, pathology laboratories, and specialty centers. Operates a chain of specialty diagnostic centers and pathology laboratories. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Megsan Diagnostics's top competitors include Thyrocare, Suraksha Diagnostics and Vijaya Diagnostic Centre.
Megsan Diagnostics is associated with 2 legal entities: Megsan Diagnostics Private Limited, Megsan Healthcare Private Limited.
The legal entities of Megsan Diagnostics currently have 4 directors, including Neeharika Makkuva, Madireddy Jayapalreddy, Madireddy Jyothirmai and others.