About Thyrocare
Thyrocare is a company based in Mumbai (India) founded in 1996 by Geetanjali Pundhir and Arokiaswamy Velumani was acquired by API Holdings in June 2021.. Thyrocare has raised $63.59 million across 4 funding rounds from investors including API Holdings, The Times Of India and Norwest Venture Partners. The company has 1,950 employees as of March 31, 2024. Thyrocare has completed 2 acquisitions, including Think Health Care and Thinkhealthcare.info. Thyrocare operates in a competitive market with competitors including Vijaya Diagnostic Centre, Suraksha Diagnostics, Krsnaa Diagnostics, Igenetic and Medall, among others.
- Headquarter Mumbai, India
- Employees 1950 as on 31 Mar, 2024
- Founders Geetanjali Pundhir, Arokiaswamy Velumani
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Thyrocare Technologies Ltd
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Annual Revenue
$80.41 M (USD)20.19as on Mar 31, 2025
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Net Profit
$10.71 M (USD)29.32as on Mar 31, 2025
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EBITDA
$22.71 M (USD)35.52as on Mar 31, 2025
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Total Equity Funding
$63.59 M (USD)
in 4 rounds
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Latest Funding Round
$1.27 M (USD), Post-IPO
Jun 28, 2017
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Investors
API Holdings
& 4 more
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Employee Count
1950
as on Mar 31, 2024
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Investments & Acquisitions
Think Health Care
& 1 more
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Acquired by
API Holdings
(Jun 25, 2021)
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IPO & Listings of Thyrocare
Thyrocare is a publicly listed company on the NSE with ticker symbol THYROCARE in India, operating in the Health services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Thyrocare
Thyrocare has successfully raised a total of $63.59M across 4 strategic funding rounds. The most recent funding activity was a Post-IPO round of $1.27 million completed in June 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 Total Funding
- Total Rounds 4
- Last Round Post-IPO — $1.3M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Post-IPO - Thyrocare | Valuation |
investors |
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| Sep, 2012 | Amount | Series B - Thyrocare | Valuation | Norwest Venture Partners |
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| Dec, 2010 | Amount | Series B - Thyrocare | Valuation | CX Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Thyrocare
Thyrocare has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include API Holdings, The Times Of India and Norwest Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments in financial services, fintech, healthcare, and healthtech sectors in India.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Private equity investments in India are managed by CX Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Thyrocare
Thyrocare has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Think Health Care and Thinkhealthcare.info. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of healthcare services at home
|
2017 | ||||
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Provides at home ECG testing and primary care options focused on health and wellness for patients with chronic conditions
|
2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Thyrocare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Thyrocare Comparisons
Competitors of Thyrocare
Thyrocare operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vijaya Diagnostic Centre, Suraksha Diagnostics, Krsnaa Diagnostics, Igenetic and Medall, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Diagnostic services are offered via a chain of centers.
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| domain | founded_year | HQ Location |
Pathology, molecular diagnostics, and imaging services are provided.
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| domain | founded_year | HQ Location |
Chain of radiology & pathology laboratory centers
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| domain | founded_year | HQ Location |
Provider molecular diagnostic solutions and services
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| domain | founded_year | HQ Location |
Medical diagnostic services are provided through a chain of centres.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Thyrocare
Frequently Asked Questions about Thyrocare
When was Thyrocare founded?
Thyrocare was founded in 1996 and raised its 1st funding round 10 years after it was founded.
Where is Thyrocare located?
Thyrocare is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Thyrocare?
Geetanjali Pundhir is the current CEO of Thyrocare. They have also founded this company.
Is Thyrocare a funded company?
Thyrocare is a funded company, having raised a total of $63.59M across 4 funding rounds to date. The company's 1st funding round was a Series B of $41.01M, raised on Jun 01, 2006.
How many employees does Thyrocare have?
As of Mar 31, 2024, the latest employee count at Thyrocare is 1,950.
What is the annual revenue of Thyrocare?
Annual revenue of Thyrocare is $80.41M as on Mar 31, 2025.
What does Thyrocare do?
Thyrocare was founded in 1996 in Mumbai, India, within the healthcare diagnostics sector. A chain of centers is maintained, providing pathology services, COVID testing, nutritional deficiency screenings, and other diagnostic tests. Operations have expanded from initial thyroid testing to over 350 tests and packages, including 83 profiles for preventive care and wellness under the Aarogyam brand. Services are accessible through the domain thyrocare.com.
Who are the top competitors of Thyrocare?
Thyrocare's top competitors include Krsnaa Diagnostics, Suraksha Diagnostics and Vijaya Diagnostic Centre.
Is Thyrocare publicly traded?
Yes, Thyrocare is publicly traded on NSE under the ticker symbol THYROCARE.
How many acquisitions has Thyrocare made?
Thyrocare has made 2 acquisitions, including Think Health Care, and Thinkhealthcare.info.
Who are Thyrocare's investors?
Thyrocare has 5 investors. Key investors include API Holdings, The Times Of India, Norwest Venture Partners, Sabre Partners India, and CX Partners.
What is Thyrocare's ticker symbol?
The ticker symbol of Thyrocare is THYROCARE on NSE.