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. 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 1,950
- Founders Geetanjali Pundhir, Arokiaswamy Velumani
- Stage Public
- SectorsHealthcare
- Website category Health · Health Conditions and Concerns
- Email••••••••
- Phone•••• ••••
- Website thyrocare.com
- Social LinkedIn X Facebook
- Acquired by API Holdings (Jun 2021)
- Legal Name Thyrocare Technologies Ltd
- Annual Revenue$88.36 M (USD)20.61as on Mar 31, 2026
- Net Profit$17.37 M (USD)78.17as on Mar 31, 2026
- EBITDA$28.24 M (USD)37.13as on Mar 31, 2026
- Total Equity Funding$63.59M (USD)
in 4 rounds
- Latest Funding Round$1.27M (USD), Post-IPO
Jun 2017
- InvestorsAPI Holdings
& 4 more
- Employee Count1,950
- Investments & AcquisitionsThink Health Care
& 1 more
- Acquired byAPI Holdings
(Jun 2021)
Associated legal entities of Thyrocare
Thyrocare is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Iheart Properties Private Limited CIN U45201MH2002PTC135842 | Active | 10 May 2002 | Navi Mumbai, Maharashtra | ₹196 Cr | – | 4 | View details |
| Thyrocare Technologies Limited Listed CIN L85110MH2000PLC123882 | Active | 28 Jan 2000 | Navi Mumbai, Maharashtra | ₹702 Cr | 1,758 | 12 | View details |
Apps and channels of Thyrocare
Thyrocare publishes 1 mobile app with over 500K+ downloads.
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 $63.59M
- Total Rounds 4
- Last Round Post-IPO — $1.27M
- Investors Count 4
All 4 funding rounds of Thyrocare 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 2017 | $1.27M | Post-IPO | – | – | |
| Sep 2012 | $22.58M | Series B | – | Norwest Venture Partners | – |
| Dec 2010 | $41.01M | Series B | – | CX Partners | – |
| Jun 2006 | – | Series A | – | The Times Of India | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments in financial services, fintech, healthcare, and healthtech sectors in India. | 2002 | sabre-partners.com | Mumbai, India | |
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Private equity investments in India are managed by CX Partners. | – | cxpartners.in | Delhi, India | |
A leading news provider offering coverage on politics, sports, entertainment, and business in India. | 1838 | timesofindia.com | Delhi, India | |
Digital healthcare tools are offered for pharmacies and clinics management. | 2012 | apiholdings.in | Mumbai, India |
Investor details for Thyrocare
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Board of directors of Thyrocare
The boards of the 2 registered companies of Thyrocare currently have 13 directors; the longest-serving is Sundararaju Arokiaswamy, appointed in 2002. 30 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sundararaju Arokiaswamy DIN 00003260 | Director | 10 May 2002 | 24 yrs 5 mo | Iheart Properties Private Limited |
| Selvaraj Krishnaswamy Naidu DIN 00169593 | Director | 10 May 2002 | 24 yrs 5 mo | Iheart Properties Private Limited |
| Anand Velumani DIN 02013564 | Managing Director | 29 Mar 2011 | 15 yrs 6 mo | Iheart Properties Private Limited |
| Indumati Gopinathan DIN 06779331 | Director | 12 Aug 2017 | 9 yrs 1 mo | Thyrocare Technologies Limited |
| Rahul Franklin Guha DIN 09588432 | Managing Director | 03 Aug 2022 | 4 yrs 2 mo | Thyrocare Technologies Limited |
| Velumani Arokiaswamy DIN 00002804 | Director | 12 Aug 2022 | 4 yrs 1 mo | Iheart Properties Private Limited |
| Harshil Jiten Vora DIN 10232581 | Director | 14 Jul 2023 | 3 yrs 2 mo | Thyrocare Technologies Limited |
| Prapti Ishwar Gilada DIN 07125024 | Director | 14 Jul 2023 | 3 yrs 2 mo | Thyrocare Technologies Limited |
| Nishant Amilal Shah DIN 09025935 | Director | 15 Jun 2024 | 2 yrs 3 mo | Thyrocare Technologies Limited |
| Anandh Sundar DIN 10409065 | Director | 15 Jun 2024 | 2 yrs 3 mo | Thyrocare Technologies Limited |
| Alok Kumar Jagnani DIN 00644360 | Director | 24 Jul 2025 | 1 yr 2 mo | Thyrocare Technologies Limited |
| Uday Patel Kadam DIN 09277168 | Additional Director | 08 May 2026 | 5 mo | Thyrocare Technologies Limited |
| Gaurav Verma DIN 11692586 | Additional Director | 08 May 2026 | 5 mo | Thyrocare Technologies Limited |
People of Thyrocare
3 people are tracked at Thyrocare (3 in leadership); the tracked headcount is 1,950.
| Name | Role | Group |
|---|---|---|
Geetanjali Pundhir | Co-Founder & Co-CEO | Leadership |
| Co-Founder | Leadership | |
| Co-CEO & MD | Leadership |
Complete people profiles for Thyrocare
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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.
- IPO date09 May 2016
- Listed onNSE: THYROCARE · BSE: 539871
- Listed entityThyrocare Technologies Ltd
- Exchange sectorHealth services
- ISININE594H01019
- Share price₹499.70 (-0.26% on the day) · 2026-10-09
- Market capitalisation₹7,973 Cr
- Price to earnings45.4
- EPS (diluted, trailing year)₹11.01
- Dividend yield1.86%
- Volume (last session)346,020
Financials of Thyrocare
Figures of Thyrocare Technologies Limited, the primary company behind Thyrocare, for FY 2025. Revenue was ₹702 Cr (+21% year on year). Net profit was ₹90.75 Cr (13% margin). EBITDA was ₹205 Cr (29% margin). Revenue has grown at a compounded annual rate of +4% over three years and +10% over five years.
- ₹702 CrRevenue · FY 2025 · +21% YoY
- ₹90.75 CrNet profit · 13% margin
- ₹205 CrEBITDA · 29% margin
- ₹159 CrPaid-up capital
- 1,758Employees (provident fund records)
- +4%Revenue CAGR, 3 years
- +10%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | ₹829 Cr | ₹163 Cr | ₹265 Cr |
| 2024 | ₹687 Cr | ₹91.5 Cr | ₹194 Cr |
| 2023 | ₹572 Cr | ₹70.8 Cr | ₹143 Cr |
| 2022 | ₹527 Cr | ₹64.5 Cr | ₹125 Cr |
| 2021 | ₹589 Cr | ₹176 Cr | ₹238 Cr |
Balance sheet, profit and loss, cash flow and ratios of Thyrocare Technologies Limited are on its company page.
Detailed financial statements for Thyrocare
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of healthcare services at home | thinkhealthcare.in | Chennai, India | 2017 | Feb 2024 | •••• | |
Provides at home ECG testing and primary care options focused on health and wellness for patients with chronic conditions | thinkhealthcare.info | Madrid, Spain | 2009 | Feb 2024 | •••• |
Complete acquisition details for Thyrocare
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Timeline of Thyrocare
7 dated milestones of Thyrocare across 28 years, from founding to its latest funding, stage changes and deals.
- Founded Thyrocare is founded.
- Funding First funding round.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $1.3M.
- Exit Acquired by API Holdings.
- Acquisition Acquires Thinkhealthcare.info.
- Acquisition Acquires Think Health Care.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vijayadiagnostic.com | 1981 | Hyderabad, India | $7.65M | – | 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. | |
| krsnaadiagnostics.com | 2011 | Pune, India | $23.61M | 3,703 | Chain of radiology & pathology laboratory centers | |
| igenetic.com | 2013 | Mumbai, India | $24.04M | 7 | Provider molecular diagnostic solutions and services | |
| medall.in | 2008 | Chennai, India | $55.1M | – | Medical diagnostic services are provided through a chain of centres. | |
| aarthiscan.com | 2000 | Chennai, India | – | 1,931 | Chain of diagnostic centers | |
| gd-lab.com | 2007 | Mumbai, India | $11.5M | 291 | A chain of clinical laboratories is operated for diagnostic services. | |
| primexhealthcare.in | 2010 | Chennai, India | $3.46M | 27 | A chain of pathology and imaging labs is operated. | |
| phdiagnosticcentre.com | 2001 | Pune, India | – | 251 | Provider of medical diagnostic services including blood tests, urine tests, and specialized health check-ups |
Detailed competitors of Thyrocare
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Thyrocare
The website of Thyrocare (thyrocare.com) receives about 1.2M visits a month and ranks #45,428 among all websites worldwide, #1,148 in Health Conditions and Concerns.
- Monthly visits1.2M
▼ 9.9% vs previous month
- Unique visitors440.5K
per month
- Global rank#45,428
among all websites
- Category rank#1,148
Health · Health Conditions and Concerns
- Bounce rate32%
- Pages per visit3.6
- Average visit3 min 59 sec
- DevicesDesktop 22% · Mobile 78%
Websites whose visitors overlap most with Thyrocare. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| diagnosticcentres.in | 100% | 132.1K | #263,723 | View details | |
| gd-lab.com | 96% | 254.5K | #167,738 | View details | |
| healthcheckup.co.in | 87% | 680.7K | #1,510,141 | View details | |
| redcliffelabs.com | 85% | 2M | #28,535 | View details | |
| bookmytest.co.in | 84% | 128.8K | #261,812 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Thyrocare
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Latest news on Thyrocare
Complete news archive for Thyrocare
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Similar companies to Thyrocare
10 companies that operate in the same segment as Thyrocare (Diagnostics Laboratories), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 | |
Pathology, radiology, wellness and clinical research services | 1995 | Mumbai, Maharashtra, India | – | – | – | |
Diagnostic centers are operated as a nationwide chain. | 1981 | Mumbai, Maharashtra, India | USD 232.14 M | USD 175.43 M | 5,180 | |
Radiology centers are operated as a nationwide chain. | 1984 | Los Angeles, California, United States | – | USD 2.04 B | 8,550 | |
DNA sequencing, bioinformatics, and multiomics services are provided. | 2013 | Bengaluru, Karnataka, India | USD 264.5 M | USD 29.55 M | 883 | |
Chain of radiology centers | 2015 | Jacksonville, United States | – | USD 749.63 M | 5,486 | |
At-home diagnostic tests are booked and collected by phlebotomists. | 2020 | Bengaluru, Karnataka, India | USD 77.12 M | USD 3.34 M | 719 | |
Biomarker analysis and diagnostic tests are offered by the laboratory. | 2012 | Gurugram, Haryana, India | USD 17.26 M | USD 11.27 M | 496 | |
Chain of radiology & pathology laboratory centers | 2011 | Pune, Maharashtra, India | USD 23.61 M | USD 82.39 M | 5,910 |
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Frequently Asked Questions about Thyrocare
Thyrocare was founded in 1996 and raised its 1st funding round 10 years after it was founded.
Thyrocare is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Geetanjali Pundhir is the current CEO of Thyrocare. They have also founded this company.
Thyrocare is a funded company, having raised a total of $63.59M across 4 funding rounds to date.
Thyrocare has 1,950 employees.
Annual revenue of Thyrocare is $88.36M as on Mar 31, 2026.
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.
Thyrocare's top competitors include Krsnaa Diagnostics, Suraksha Diagnostics and Vijaya Diagnostic Centre.
Yes, Thyrocare is publicly traded on NSE under the ticker symbol THYROCARE.
Thyrocare has made 2 acquisitions, including Think Health Care, and Thinkhealthcare.info.
Thyrocare has 5 investors. Key investors include API Holdings, The Times Of India, Norwest Venture Partners, Sabre Partners India, and CX Partners.
Thyrocare is associated with 2 legal entities: Thyrocare Technologies Limited, Iheart Properties Private Limited.