About Xray Setu
Xray Setu is a Technology company based in Bengaluru (India) founded in 2021 by Subhashis Banerjee, Bharadwaj Amrutur, and Umakant Soni. An AI-powered tool for analyzing chest X-rays to support COVID interventions. It operates on a B2B model. The company has 24 employees. Its chief executive, as recorded, is Umakant Soni. Its Indian entity Foundation For Science Innovation And Development reported revenue of ₹65.31 Cr. Its focus areas include Healthcare, Medical Technology, Diagnostic Tools and AI Solutions. Its competitors include Qure.ai and Deeptek; 2 of its 2 listed competitors have raised funding.
Company details
Xray Setu, founded in 2021 in Bengaluru, India, focuses on providing healthcare solutions, medical technology, diagnostic tools, and ai solutions. An AI-powered tool for analyzing chest X-rays to support COVID interventions. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Bengaluru, India
- Employees 24
- Founders Subhashis Banerjee, Bharadwaj Amrutur, Umakant Soni
- SectorsTechnology
- Website xraysetu.com
- Social X Facebook
- Legal Name Foundation For Science Innovation Anddevelopment
- Date of Incorporation 08 Aug, 2020
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹65.31 Cr
FY 2025 · +36% YoY
- Net Profit₹7.43 Cr
FY 2025 · 11% margin
- EBITDA₹7.72 Cr
FY 2025 · 12% margin
- Employee Count24
Associated legal entities of Xray Setu
Xray Setu operates through Foundation For Science Innovation And Development (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Foundation For Science Innovation And Development CIN U73100KA2020NPL137018 | Active | 08 Aug 2020 | Bengaluru, Karnataka | ₹65.3 Cr | 24 | 4 | View details |
Board of directors of Foundation For Science Innovation And Development (Xray Setu)
Foundation For Science Innovation And Development is the primary company behind Xray Setu. The board of Foundation For Science Innovation And Development currently have 4 directors; the longest-serving is Balan Gurumoorthy, appointed in 2020. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Balan Gurumoorthy DIN 01631946 | Director | 08 Aug 2020 | 6 yrs 3 mo | Foundation For Science Innovation And Development |
| Govindan Rangarajan DIN 08881067 | Director | 11 Dec 2020 | 5 yrs 11 mo | Foundation For Science Innovation And Development |
| Anil Parameswaransarala Kumar DIN 09142312 | Director | 04 Aug 2021 | 5 yrs 3 mo | Foundation For Science Innovation And Development |
| Usha Vijayraghavan DIN 09399801 | Director | 28 Mar 2022 | 4 yrs 7 mo | Foundation For Science Innovation And Development |
People of Xray Setu
3 people are tracked at Xray Setu (3 in leadership); the tracked headcount is 24.
| Name | Role | Group |
|---|---|---|
Subhashis Banerjee | ex-Co-Founder | Leadership |
Bharadwaj Amrutur | Co-Founder | Leadership |
Umakant Soni | Co-Founder, CEO | Leadership |
Complete people profiles for Xray Setu
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- Full employee list
- Team structure
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Financials of Xray Setu
Figures of Foundation For Science Innovation And Development, the primary company behind Xray Setu, for FY 2025. Revenue was ₹65.31 Cr (+36% year on year). Net profit was ₹7.43 Cr (11% margin). EBITDA was ₹7.72 Cr (12% margin). Revenue has grown at a compounded annual rate of +783% over three years.
- ₹65.31 CrRevenue · FY 2025 · +36% YoY
- ₹7.43 CrNet profit · 11% margin
- ₹7.72 CrEBITDA · 12% margin
- 24Employees (provident fund records)
- +783%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Foundation For Science Innovation And Development are on its company page.
Detailed financial statements for Xray Setu
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Xray Setu
Xray Setu has 2 listed competitors in our database, 2 of them funded. They include Qure.ai and Deeptek.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| qure.ai | 2016 | Mumbai, India | $122.66M | 240 | AI-powered solutions for medical imaging diagnostics | |
| deeptek.ai | 2017 | Pune, India | $10M | 97 | AI-augmented diagnostic tools for radiology imaging are developed. |
Detailed competitors of Xray Setu
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
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Top companies in AI in Medical Diagnostics
3 companies that operate in the same segment as Xray Setu (AI in Medical Diagnostics) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Early-stage investments in digital, climate, and deep science technologies. | 2011 | Mumbai, Maharashtra, India | USD 1.11 M | |||
Deep tech innovation in IoT and AI for startups and enterprises in India. | 2015 | Bengaluru, Karnataka, India | ||||
Creates AI technologies for surgical planning, robotics, and cloud-based tools. | 2018 | Mumbai, Maharashtra, India | USD 120 K |
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Frequently Asked Questions about Xray Setu
Xray Setu was founded in 2021.
Xray Setu is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Umakant Soni is the CEO of Xray Setu, as recorded in our data. They have also founded this company.
Xray Setu has 24 employees.
The primary company behind Xray Setu, Foundation For Science Innovation And Development, reported revenue of ₹65.31 Cr for FY 2025, up 36% year on year.
Xray Setu, founded in 2021 in Bengaluru, India, focuses on providing healthcare solutions, medical technology, diagnostic tools, and ai solutions. An AI-powered tool for analyzing chest X-rays to support COVID interventions. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Xray Setu operates through Foundation For Science Innovation And Development.
The legal entities of Xray Setu currently have 4 directors, including Anil Parameswaransarala Kumar, Balan Gurumoorthy, Govindan Rangarajan and others.