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About Biospec Private Limited
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Biospec Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 25 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2007PTC171963. Its GSTIN is 27AADCB2130Q2ZL (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Biotek Instruments (I) Private Limited and Medispec Technologies India Private Limited. It is led by directors Vipul Kalyanji Chhatbar and Nikita Vipul Chhatbar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 601 Lotus Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.44 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹24.85 Lakh (net margin 17.2%) and EBITDA of ₹33.97 Lakh (EBITDA margin 23.6%). Revenue has grown at a compounded annual rate (CAGR) of 93% over three years and 73% over five years.
The company is associated with 2 brands: Matriks Biotek and BioTek.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website biotek.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA/601 Lotus Corporate Park 6th Floor Off. Western Express Highway Goregaon (, East), Mumbai, Maharashtra, India – 400063
- IndustryHealthcare, Medical Equipment Retail & Distribution
- 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
- One PDF report, delivered after checkout
Name History of Biospec Private Limited
Biospec has undergone 2 name changes throughout its history. The company was previously known as Biotek Instruments (I) Private Limited, and Medispec Technologies India Private Limited. The current legal name is Biospec Private Limited.
| Company Name | Status |
|---|---|
| Biospec Private Limited | Current |
| Biotek Instruments (I) Private Limited | Previous |
| Medispec Technologies India Private Limited | Previous |
Associated Brands with Biospec Private Limited
Biospec operates two associated brands: Matriks Biotek and BioTek. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| ELISA kits for monitoring biological drugs are developed and offered. | matriksbiotek.com | |
| Instrumentation and software for microplate-based in-vitro assays are provided. | biotek.com |
Competitors & Alternatives of Biospec Private Limited
Brands and companies operating in the same space as Biospec Private Limited include CytoTronics, Kiyatec, Remedy Plan and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 CytoTronics | Cell-based assays for drug discovery are developed via CMOS platform. | Boston, United States | 2015 |
 Kiyatec | Kiyatec is focused on revolutionizing cancer care through predictive platforms. | Pendleton, United States | 2005 |
 Remedy Plan | Metastatic cancer properties are targeted by Remedy Plan's containment therapy. | 2011 | |
 Indigo Biosciences | Nuclear receptor and in vitro toxicology solutions are provided. | State College, United States | 2005 |
 Cellply | Developer of in-vitro diagnostic products for the detection of cancer | Bologna, Italy | 2013 |
 IBL International | Immunoassays and antibodies are supplied for diagnostic applications in labs. | Mannedorf, Switzerland | 1980 |
 Lucid Scientific | Real-time cell analyzers are developed for oxygen consumption monitoring. | Atlanta, United States | 2012 |
 SK Plasma | Plasma derivatives are produced via fractionation and purification processes. | Seongnam-si, South Korea | 1970 |
 DiscoverX | Develops cell-based assays and provides services for drug discovery and development. | Birmingham, United Kingdom | 2000 |
 Saguaro | 3D cell culture products are developed for drug discovery applications. | Quebec City, Canada | 2020 |
Business Activity of Biospec Private Limited
The main business activities of Biospec are other service activities and wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers activities of membership organizations and retail trade, except of motor vehicles and motorcycles. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| S | Other service activities | 94 | Activities of membership organizations | Locked |
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Biospec Private Limited
Biospec Private Limited is audited by VISHAL SUTHAR & CO. CHARTERED ACCOUNTANTS for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VISHAL SUTHAR & CO. CHARTERED ACCOUNTANTS | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Biospec Private Limited
Biospec has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipul Kalyanji Chhatbar Also directs: Genexplore Medisquare Diagnostics Center LLP, Medispec Genexplore Diagnostics Center LLP, Gennovate Private Limited and 1 more | Director | 25 Jun 2007 | 19 Years 3 Months | Current |
| Nikita Vipul Chhatbar Also directs: Medispec Genexplore Diagnostics Center LLP, Medispec India Limited | Director | 25 Jun 2007 | 19 Years 3 Months | Current |
Financials of Biospec Private Limited FY 2024 filings available
Biospec Private Limited reported revenue of ₹1.44 Cr (up 2360% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Biospec Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 73% over five years. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Biospec Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹33.97 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹24.85 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Biospec Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 17.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Biospec are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Biospec Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Biospec Private Limited
Biospec Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Biospec Private Limited
Employment history and EPFO contributions of people linked to Biospec.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Biospec Private Limited
Biospec has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCB2130Q2ZL | Maharashtra | Active | 15 Feb 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Biospec Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Biospec Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Biospec Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Biospec Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Biospec Private Limited
Frequently Asked Questions about Biospec Private Limited
Biospec is an active private limited company based in Mumbai, Maharashtra, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 25 June 2007 (19+ years old) and is registered under CIN U72900MH2007PTC171963.
Biospec reported revenue of ₹1.44 Cr for FY 2024 (up 2360% YoY).
Biospec has 2 current directors:
- Vipul Kalyanji Chhatbar - Director
- Nikita Vipul Chhatbar - Director
Biospec reported a net profit of ₹24.85 Lakh (net margin 17.2%) and EBITDA of ₹33.97 Lakh (EBITDA margin 23.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Biospec is 93% over three years and 73% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Biospec is 27AADCB2130Q2ZL, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Biospec is U72900MH2007PTC171963. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Biospec was incorporated on 25 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Biospec can be reached through the website biotek.com. Its registered office is in Mumbai, Maharashtra, India.