About Mylab
Mylab is a Healthcare company based in Pune (India) founded in 2016 by Hasmukh Rawal and Shailendra Balasaheb Kawade. Developer of diagnostic kits for pathogen detection and viral load monitoring. The company has 437 employees. Mylab has completed 2 acquisitions, including Swayam and sanskritech.com. Its chief executive, as recorded, is Rahul Patil. Its Indian entity Mylab Discovery Solutions Private Limited reported revenue of ₹153 Cr. Mylab offers products and services including PathoDetect, NATSpert, OncoScreen, and AgroDex. Its focus areas include Life Sciences, Genomics, Applied Genomics and Clinical Genomics.
Company details
Mylab was founded in 2016 in Pune, India, within the diagnostics sector. Diagnostic kits are developed for pathogen detection and viral load monitoring, targeting infections, cancer, genetic disorders, and blood screening. Automated systems are offered, including Compact x for integrated sample preparation, assay setup, and detection; Compact xL as a sample-to-PCR ready platform; and CompactQ for fluorescence quantitative PCR analysis. Operations focus on healthcare applications in the region.
- Headquarters Pune, India
- Employees 437
- Founders Hasmukh Rawal, Shailendra Balasaheb Kawade
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website mylabglobal.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Mylab Discovery Solutions Pvt. Ltd.
- Date of Incorporation 31 May, 2016
- Jurisdiction Lonawala, Maharashtra, India
- Annual Revenue₹153 Cr
FY 2024 · +23% YoY
- Net Profit₹1.84 Cr
FY 2024 · 1% margin
- EBITDA₹66.54 Cr
FY 2024 · 43% margin
- InvestorsZydus Life
& 4 more
- Employee Count437
- Investments & AcquisitionsSwayam
& 1 more
Associated legal entities of Mylab
Mylab is associated with 2 registered companies on The Company Check; the primary company is Mylab Discovery Solutions Private Limited. 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 |
|---|---|---|---|---|---|---|---|
| Mylab Discovery Solutions Private Limited CIN U74999PN2016PTC164780 | Active | 31 May 2016 | Lonawala, Maharashtra | ₹153 Cr | 437 | 7 | View details |
| Kisan Livestock And Crop Forensic Llp CIN ABZ-4362 | Active | 13 Dec 2022 | Pune, Maharashtra | 2 | View details |
Products & Services of Mylab
Mylab offers a comprehensive portfolio of products and services, including PathoDetect, NATSpert, OncoScreen, and AgroDex.
Kit for pathogen detection in food and clinical samples
System for viral nucleic acid extraction and amplification
Kits for mutation detection in tumor samples
Kit for identifying GMO in raw food materials
Apps and channels of Mylab
its YouTube channel Mylab Discovery Solutions has 363 subscribers and 30 videos.
Videos from Mylab
The most watched videos on Mylab's YouTube channel, Mylab Discovery Solutions (363 subscribers). Click a video to play it here.
More on Mylab Discovery Solutions.
Funding Insights of Mylab
- Total Rounds 3
- Investors Count 5
All 3 funding rounds of Mylab 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 |
|---|---|---|---|---|---|
| Jun 2023 | Seed | – | – | ||
| Apr 2020 | $131,507 | Grant | – | – | |
| Apr 2020 | Seed | – | Rising Sun Holdings |
5 investors in total: 3 institutional and 2 angel.
Investors in Mylab
Mylab has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Zydus Life, ACT Grants and Adar Poonawalla.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed capital grants are provided to incubate and accelerate innovations. | 2020 | actgrants.in | Bengaluru, India | |
Private equity firm focused on multiple sectors | risingsunholding.tcc.mode | Pune, India | ||
Manufacturer of pharmaceutical products, including formulations, APIs, vaccines, and biosimilars | 1952 | zyduslife.com | Ahmedabad, India | |
AP Adar Poonawalla | CEO of Serum Institute, billionaire investor in healthcare and tech startups | unknown_6f1e49b7f7a84d23b | ||
AP Abhijit Pawar | Indian angel investor, entrepreneur, and founder of DelVal Flow Controls. | unknown_e1b1c036174643668 |
Investor details for Mylab
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 Mylab Discovery Solutions Private Limited (Mylab)
Mylab Discovery Solutions Private Limited is the primary company behind Mylab. The boards of the 2 registered companies of Mylab currently have 6 directors; the longest-serving is Rahul Subhash Patil, appointed in 2019. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahul Subhash Patil DIN 07424402 | Director | 01 Jul 2019 | 7 yrs 3 mo | Mylab Discovery Solutions Private Limited |
| Sujit Sohanlal Jain DIN 01463586 | Director | 01 Apr 2020 | 6 yrs 6 mo | Mylab Discovery Solutions Private Limited |
| Gautam Ravishekhar Wankhede DIN 03286480 | Director | 01 Apr 2020 | 6 yrs 6 mo | Mylab Discovery Solutions Private Limited |
| Shrikant Gopichand Patole DIN 05195167 | Director | 01 Apr 2020 | 6 yrs 6 mo | Mylab Discovery Solutions Private Limited |
| Hasmukh Sohanraj Rawal DIN 03566044 | Designated Partner | 13 Dec 2022 | 3 yrs 10 mo | Kisan Livestock And Crop Forensic Llp, Mylab Discovery Solutions Private Limited |
| Shailendra Balasaheb Kawade DIN 07527160 | Designated Partner | 13 Dec 2022 | 3 yrs 10 mo | Kisan Livestock And Crop Forensic Llp, Mylab Discovery Solutions Private Limited |
People of Mylab
21 people are tracked at Mylab (9 in leadership, 12 in team); the tracked headcount is 437.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Managing Director | Leadership | |
| Co-Founder | Leadership | |
| CEO | Leadership | |
Nakul Sarde | Head Of Business Operations | Leadership |
| Director Sales | Leadership | |
Ram Ray | Chief Commercial Officer (cco) & President - Corporate Strategy | Leadership |
Debarshi Dey | Director Marketing And Projects | Leadership |
Mohit Agrawal | Business Head | Leadership |
Shounak Deshmukh | Director - Global Business Alliances | Leadership |
Akhtar Syed | Dgm- Production & Quality | Team |
Priya Ranjan | Business Operations Manager | Team |
Ranjit Desai | Senior Application Manager | Team |
Avinash Pandey | Area Sales Manager | Team |
Prabhat Das | Senior Sales Manager | Team |
Sunil Kamble | Sales Manager | Team |
Devendra R. Patil | Manager-warehouse & Logistics | Team |
Nilesh Sapkal | Assistant Manager | Team |
Sushil Ghongade | Quality Control Laboratory Technician | Team |
Krutika Wankhede | Quality Control Officer | Team |
Sanjeevani Kshirsagar | QA Executive | Team |
1 more people are available in the full profile.
Complete people profiles for Mylab
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 Mylab
Figures of Mylab Discovery Solutions Private Limited, the primary company behind Mylab, for FY 2024. Revenue was ₹153 Cr (+23% year on year). Net profit was ₹1.84 Cr (1% margin). EBITDA was ₹66.54 Cr (43% margin). Revenue has grown at a compounded annual rate of -43% over three years and +86% over five years.
- ₹153 CrRevenue · FY 2024 · +23% YoY
- ₹1.84 CrNet profit · 1% margin
- ₹66.54 CrEBITDA · 43% margin
- ₹10.01 CrPaid-up capital
- 437Employees (provident fund records)
- -43%Revenue CAGR, 3 years
- +86%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mylab Discovery Solutions Private Limited are on its company page.
Detailed financial statements for Mylab
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.
Investments & Acquisitions by Mylab
Mylab has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Swayam and sanskritech.com.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of health monitoring kiosk | swayamhealth.com | Mumbai, India | 2018 | Sep 2021 | •••• | |
Limited information is available on core activities of the company. | sanskritech.com | Mumbai, India | 2018 | Sep 2021 | •••• |
Complete acquisition details for Mylab
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Mylab
5 dated milestones of Mylab across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Mylab is founded.
- Funding First funding round.
- Acquisition Acquires Swayam.
- Acquisition Acquires sanskritech.com.
- Funding Latest funding round, Seed,.
Web traffic of Mylab
The website of Mylab (mylabglobal.com) receives about 7.3K visits a month.
- Monthly visits7.3K
▲ 160.2% vs previous month
Websites whose visitors overlap most with Mylab. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cervavac.com | cervavac.com | 100% | #5,217,304 | – |
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Related news about Mylab
Complete news archive for Mylab
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Frequently Asked Questions about Mylab
Mylab was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Mylab is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Rahul Patil is the CEO of Mylab, as recorded in our data.
Mylab has 437 employees.
The primary company behind Mylab, Mylab Discovery Solutions Private Limited, reported revenue of ₹153 Cr for FY 2024, up 23% year on year.
Mylab was founded in 2016 in Pune, India, within the diagnostics sector. Diagnostic kits are developed for pathogen detection and viral load monitoring, targeting infections, cancer, genetic disorders, and blood screening. Automated systems are offered, including Compact x for integrated sample preparation, assay setup, and detection; Compact xL as a sample-to-PCR ready platform; and CompactQ for fluorescence quantitative PCR analysis. Operations focus on healthcare applications in the region.
Mylab offers PathoDetect, NATSpert, OncoScreen, and AgroDex.
Mylab has made 2 acquisitions, including Swayam, and sanskritech.com.
Mylab has 5 investors. Key investors include Zydus Life, ACT Grants, Adar Poonawalla, Abhijit Pawar, and Rising Sun Holdings.
Mylab is associated with 2 legal entities: Mylab Discovery Solutions Private Limited, Kisan Livestock And Crop Forensic Llp.
The legal entities of Mylab currently have 7 directors, including Hasmukh Sohanraj Rawal, Shailendra Balasaheb Kawade, Sujit Sohanlal Jain and others.