About Prognosys Medical Systems
Prognosys Medical Systems is a Healthcare company based in Bengaluru (India) founded in 2003, and was acquired by Molbio Diagnostics in February 2023. High-end medical devices for radiology and imaging are manufactured. Prognosys Medical Systems has raised $2.86 million across 5 funding rounds from investors including Molbio Diagnostics, HHS and Somerset Indus Capital Partners. The company has 106 employees. Prognosys Medical Systems was last valued at $12.11 million in February 2017. Its Indian entity Prognosys Medical Systems Private Limited reported revenue of ₹151 Cr. Its focus areas include Life Sciences, Imaging Diagnostics and X-Ray Radiography.
Company details
Prognosys Medical Systems was established in 2003 in Bengaluru, India, within the medical devices sector. High-end technologies for radiology and imaging applications are designed and produced. Business operations include high-frequency X-ray systems, digital radiography, C-arms, tele-radiology, telemedicine, home health care, m-health solutions, and accessories such as automatic film processors. The companys domain is prognosysmedical.com.
- Headquarters Bengaluru, India
- Employees 106
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website prognosysmedical.com
- Social LinkedIn
- Acquired by Molbio Diagnostics (Feb 2023)
- Legal Name Prognosys Medical Systems Private Limited
- Date of Incorporation 07 Nov, 2003
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹151 Cr
FY 2026 · +114% YoY
- Net Profit₹11.99 Cr
FY 2026 · 8% margin
- EBITDA₹29.45 Cr
FY 2026 · 20% margin
- Total Equity Funding$2.86M (USD)
in 5 rounds
- Latest Funding Round$593.79K (USD), Seed
Feb 2017
- InvestorsMolbio Diagnostics
& 7 more
- Employee Count106
- Acquired byMolbio Diagnostics
(Feb 2023)
Associated legal entities of Prognosys Medical Systems
Prognosys Medical Systems operates through Prognosys Medical Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Prognosys Medical Systems Private Limited CIN U72900KA2003PTC032831 | Active | 07 Nov 2003 | Bangalore, Karnataka | ₹151 Cr | 160 | 4 | View details |
Funding Insights of Prognosys Medical Systems
Prognosys Medical Systems has successfully raised a total of $2.86M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $593.79 thousand completed in February 2017. 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 $2.86M
- Total Rounds 5
- Last Round Seed — $593,792
- First Round $1.57M
(Jun 2010)
- Investors Count 7
All 5 funding rounds of Prognosys Medical Systems 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 2017 | $593,792 | Seed | $12.11M | Somerset Indus Capital Partners, Chayagraphics | |
| Mar 2014 | $899,729 | Seed | – | Somerset Indus Capital Partners | |
| Aug 2010 | $2.05M | Grant | – | – | |
| Aug 2010 | $1.36M | Seed | $1.91M | Chayagraphics | |
| Jun 2010 | $1.57M | Grant | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2017 | $12.11M | •••••••• |
| Aug 2010 | $1.91M | •••••••• |
Last known valuation $12.11M (Feb 2017). 8 investors in total: 5 institutional and 3 angel.
Investors in Prognosys Medical Systems
Prognosys Medical Systems has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Molbio Diagnostics, HHS and Somerset Indus Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Healthcare investments focused on accessibility, affordability, and ESG integration in India. | 2011 | somersetinduscap.com | Mumbai, India | |
Graphic design and printing services are provided in Chennai. | 2000 | chayagraphics.com | Chennai, India | |
Public health and human services are overseen by HHS. | 1953 | hhs.gov | ||
MA Mayur Anand Sirdesai | Co-founder of Swiggy, active angel investor in Indian startups | unknown_413ae26dbd0e4cb68 | ||
KP Krishna Prasad Vajapeyam | Angel investor and advisor, focused on tech startups, based in India. | unknown_1c5664b0d68a4e5c9 | ||
SM Sunil Monga | Angel investor, ex-Amazon, focused on early-stage Indian startups | unknown_19a2eb6f43944fecb | ||
Point-of-care molecular platforms for infectious disease detection are developed. | 2000 | molbiodiagnostics.com | Salcete, India |
Investor details for Prognosys Medical Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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Board of directors of Prognosys Medical Systems Private Limited (Prognosys Medical Systems)
Prognosys Medical Systems Private Limited is the primary company behind Prognosys Medical Systems. The board of Prognosys Medical Systems Private Limited currently have 4 directors; the longest-serving is Prahalad Ashok, appointed in 2014. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prahalad Ashok DIN 00488407 | Director | 03 Mar 2014 | 12 yrs 8 mo | Prognosys Medical Systems Private Limited |
| Vajapeyam Krishna Prasad DIN 00502320 | Person Incharge | 03 Nov 2014 | 12 yrs | Prognosys Medical Systems Private Limited |
| Sriram Natarajan DIN 00013843 | Director | 09 Mar 2017 | 9 yrs 8 mo | Prognosys Medical Systems Private Limited |
| Chandrasekhar Bhaskaran Nair DIN 01787875 | Director | 01 Mar 2023 | 3 yrs 8 mo | Prognosys Medical Systems Private Limited |
People of Prognosys Medical Systems
5 people are tracked at Prognosys Medical Systems (2 in leadership, 1 in board & advisors, 2 in team); the tracked headcount is 106.
| Name | Role | Group |
|---|---|---|
| Founder & President | Leadership | |
Sunil Monga | Executive Director | Leadership |
Keshava Ms | Independent Director | Board & advisors |
Yuvaraj Bashyam | GM, Manufacturing | Team |
Prithesh Shet | GM, Business Development | Team |
Complete people profiles for Prognosys Medical Systems
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Financials of Prognosys Medical Systems
Figures of Prognosys Medical Systems Private Limited, the primary company behind Prognosys Medical Systems, for FY 2026. Revenue was ₹151 Cr (+114% year on year). Net profit was ₹11.99 Cr (8% margin). EBITDA was ₹29.45 Cr (20% margin). Revenue has grown at a compounded annual rate of +72% over three years and +47% over five years.
- ₹151 CrRevenue · FY 2026 · +114% YoY
- ₹11.99 CrNet profit · 8% margin
- ₹29.45 CrEBITDA · 20% margin
- ₹3.72 CrPaid-up capital
- 160Employees (provident fund records)
- +72%Revenue CAGR, 3 years
- +47%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Prognosys Medical Systems Private Limited are on its company page.
Detailed financial statements for Prognosys Medical Systems
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Prognosys Medical Systems
5 dated milestones of Prognosys Medical Systems across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Prognosys Medical Systems is founded.
- Funding First funding round of $1.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $594K.
- Exit Acquired by Molbio Diagnostics.
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Frequently Asked Questions about Prognosys Medical Systems
Prognosys Medical Systems was founded in 2003 and raised its 1st funding round 7 years after it was founded.
Prognosys Medical Systems is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Prognosys Medical Systems is a funded company, having raised a total of $2.86M across 5 funding rounds to date. The company's 1st funding round was a Grant of $1.57M, raised on Jun 2010.
Prognosys Medical Systems has 106 employees.
The primary company behind Prognosys Medical Systems, Prognosys Medical Systems Private Limited, reported revenue of ₹151 Cr for FY 2026, up 114% year on year.
Prognosys Medical Systems was established in 2003 in Bengaluru, India, within the medical devices sector. High-end technologies for radiology and imaging applications are designed and produced. Business operations include high-frequency X-ray systems, digital radiography, C-arms, tele-radiology, telemedicine, home health care, m-health solutions, and accessories such as automatic film processors. The companys domain is prognosysmedical.com.
Prognosys Medical Systems has 8 investors. Key investors include Molbio Diagnostics, HHS, Somerset Indus Capital Partners, Chayagraphics, and Mayur Anand Sirdesai.
The valuation of Prognosys Medical Systems is $12.11M as of Feb 2017.
Prognosys Medical Systems operates through Prognosys Medical Systems Private Limited.
Yes. Prognosys Medical Systems was acquired by Molbio Diagnostics in February 2023.
The legal entities of Prognosys Medical Systems currently have 4 directors, including Vajapeyam Krishna Prasad, Chandrasekhar Bhaskaran Nair, Sriram Natarajan and others.