About Biorad Medisys Private Limited
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Biorad Medisys Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 13 March 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U33111MH2000PTC265335. Its GSTIN is 27AABCB5041J1ZU (Maharashtra). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.22 Cr. It is led by directors including Jitendra Madhava Hegde (Managing Director) and Suchitra Hegde Jitendra.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹527.19 Cr. For the same year it recorded a net profit of ₹30.22 Cr (net margin 5.7%) and EBITDA of ₹191.28 Cr (EBITDA margin 36.3%).
The company has about 572 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries and 1 joint venture.
The company is associated with 2 brands: Indovasive and Biorad Medisys. As per MCA filings, the company has open charges of ₹800.8 Cr and satisfied charges of ₹25.24 Cr on record. Court records list 13 cases involving the company, including 5 filed by the company and 8 filed against it. The company has 23 deals on record (13 secondary share transfers, 3 funding rounds, 3 debt financings), with disclosed funding of ₹444.83 Cr; the latest was in April 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website biorad-medisys.com.
Company details
CIN history
Biorad Medisys has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U33111MH2000PTC265335, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U33111MH2000PTC265335 | Current |
| U33111KA2000PTC026592 | Previous |
| U24231KA2000PTC026592 | Previous |
Contact details
Biorad Medisys Private Limited's registered office is in Mumbai, Maharashtra. Its website is biorad-medisys.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.221 Damji Shamji Industrial Complex Near Golden Palace Hotel 9 Lbs Marg Kur, La(W), Mumbai, Maharashtra, India – 400070
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Biorad Medisys Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Biorad Medisys operates two associated brands: Indovasive and Biorad Medisys. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Medical devices and solutions for gastroenterology and urology are provided by the company. | indovasive.co.in | |
| Medical devices for orthopaedic, neurovascular, and endovascular procedures are manufactured. | bioradmedisys.com |
Business activity
The main business activities of Biorad Medisys are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Biorad Medisys Private Limited, buy the company report.
Financials of Biorad Medisys Private Limited
FY 2025 filings availableBiorad Medisys Private Limited reported revenue of ₹527.19 Cr for FY 2025.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹527.19 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹191.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.22 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 36.3% | ||||
| Net Profit Margin | 5.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Biorad Medisys Private Limited, buy the company report.
Board of directors of Biorad Medisys Private Limited
Biorad Medisys has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Jagannath Deshmukh Also directs: Advanced Enzyme Technologies Limited, Bioneeds India Private Limited, Samta Mines and Minerals Limited and 1 more | Nominee Director | 24 Dec 2024 | 1 Years 10 Months | Current |
| Suchitra Hegde Jitendra Also directs: Biomedicon Care Private Limited, Biomedicon Services (India) Private Limited, Indus Medical Instruments Private Limited and 4 more | Director | 12 Apr 2007 | 19 Years 6 Months | Current |
| Noureddine Frid | Director | 27 Sep 2024 | 2 Years 1 Months | Current |
| Jitendra Madhava Hegde Also directs: Biomedicon Care Private Limited, Biomedicon Services (India) Private Limited, Indus Medical Instruments Private Limited and 4 more | Managing Director | 24 Jan 2007 | 19 Years 9 Months | Current |
Auditor
Biorad Medisys Private Limited is audited by Kirtane & Pandit Llp for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kirtane & Pandit Llp | FY 2025 | 105215W/W100057 |
Shareholding
The shareholding of Biorad Medisys Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Biorad Medisys Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jun 2025 | 101124515 | Hdfc Bank Limited | ₹30 Cr | Open | |
| 28 Jan 2025 | 101054492 | Axis Bank Limited | ₹15 Cr | Open | |
| 13 Jan 2025 | 101039820 | Others | ₹227.35 Cr | Open | |
| 25 Oct 2024 | 101014176 | The Hongkong and Shanghai Banking Corporation Limited | ₹30 Cr | Open | |
| 25 Jul 2024 | 100974469 | Others | ₹4.5 Cr | Open |
To see the full charge records of Biorad Medisys Private Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Biorad Medisys Private Limited has 23 deals on record (13 secondary share transfers, 3 funding rounds, 3 debt financings), with disclosed funding of ₹444.83 Cr; the latest was in April 2024.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Shetty Orthopedic Private Limited Seller: InvAscent |
| Apr 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Biovision Systems (India) Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Biomedicon Services (India) Private Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Biovision Systems (India) Private Limited |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Biomedicon Services (India) Private Limited Seller: Biovision Systems (India) Private Limited |
To see the full deal history of Biorad Medisys Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Biorad Medisys Private Limited has 13 court cases on record: 5 filed by Biorad Medisys, 8 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 6 | 0 |
| High courts | 2 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bathinda, Punjab | Civil suit | Filed against the company by an individual | Disposed |
| District court, Bareilly, Uttar Pradesh | Civil suit | Filed against the company by M/S Friends Internation | Disposed |
| District court, Jalandhar, Punjab | Cheque dishonour complaint | Filed against the company by Capital Surgicals | Disposed |
| Supreme Court | Court case (1101-Arbitration Matters : Arbitration Petitions under Section 11 of Arbitration & Conciliation Act, 1996) | Filed against the company by Thermopeutix Inc Through Attorney Mr. Nitin Goel 124, Ncpa Apartment, Nariman Point, Mumbai 400021 San Diego Based Company Reg. Office at 9951-B, Business Park Avenue | Disposed |
| Bombay High Court | Court case (CARAP) | Filed against the company by Thermopeutix, Inc. | Disposed |
To see the full case history of Biorad Medisys Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Biorad Medisys Private Limited was last rated by Crisil on 19 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Nov 2020 |
To see the full credit ratings and regulatory alerts of Biorad Medisys Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Biorad Medisys Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Biorad Medisys has 3 subsidiary companies and 1 joint venture. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Indovasive Private Limited | U33125KA2022PTC166841 | |
| Neurovasive Private Limited | U33301KA2022PTC166781 | |
| Orthovasive Private Limited | U33309PN2022PTC215308 |
To see the full group structure of Biorad Medisys Private Limited, buy the company report.
Employees & EPFO
Biorad Medisys Private Limited has a workforce of 572 employees on its EPFO records as of Sep 23, 2025, across 2 active EPFO establishments.
GST
Biorad Medisys has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB5041J1ZU | Maharashtra | Active | 01 Jul 2017 |
| 29AABCB5041J1ZQ | Karnataka | Active | 01 Jul 2017 |
| 24AABCB5041J1Z0 | Gujarat | Active | 27 Nov 2018 |
To see the full GST registrations and return filing status of Biorad Medisys Private Limited, buy the company report.
Recent activity
Biorad Medisys Private Limited has 8 board changes on record since 2007: 4 appointments and 4 cessations. The latest: Nitin Jagannath Deshmukh was appointed as Nominee Director on 24 Dec 2024.
30 earlier events are in the company report.
News
Frequently asked questions
Biorad Medisys is an active private limited company based in Mumbai, Maharashtra, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 13 March 2000 (26+ years old) and is registered under CIN U33111MH2000PTC265335.
Biorad Medisys has 4 current directors:
- Jitendra Madhava Hegde - Managing Director
- Nitin Jagannath Deshmukh - Nominee Director
- Suchitra Hegde Jitendra - Director
- Noureddine Frid - Director
The latest financial statements of Biorad Medisys on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Biorad Medisys is 27AABCB5041J1ZU, registered in Maharashtra. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 29AABCB5041J1ZQ (Karnataka), 24AABCB5041J1Z0 (Gujarat).
The CIN (Corporate Identification Number) of Biorad Medisys is U33111MH2000PTC265335. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Biorad Medisys has 13 court cases on record: 5 filed by the company and 8 filed against it. Most are in the district courts.
Biorad Medisys was incorporated on 13 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Biorad Medisys has 23 deals on record (13 secondary share transfers, 3 funding rounds, 3 debt financings), with disclosed funding of ₹444.83 Cr; the latest was in April 2024.
Nitin Jagannath Deshmukh was appointed as Nominee Director on 24 Dec 2024. Noureddine Frid ceased to be Additional Director on 29 Sep 2024. Noureddine Frid was appointed as Director on 27 Sep 2024. Biorad Medisys has 8 board changes on record in total.
Biorad Medisys can be reached through the website biorad-medisys.com. Its registered office is in Mumbai, Maharashtra, India.