MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0166452
Cardiac Design Labs Private Limited - healthcare in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.75 Cr
▲ 6% YoY
Net loss · FY 2024
₹70.74 Lakh
Net margin -25.7%
EBITDA · FY 2024
₹15.32 Lakh
EBITDA margin 5.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹14.3 Lakh
Issued & subscribed
Company age
15 yrs
Est. 2011
Employees · EPFO
12
Provident fund records
Directors on board
4
As per MCA filings
About Cardiac Design Labs Private Limited
Data last updated:
Cardiac Design Labs Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the healthtech and medical tech solutions segment of the healthcare sector. It was incorporated on 19 October 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U33114KA2011PTC060867. Its GSTIN is 29AAECC6016D1ZY (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹14.3 Lakh. It is led by directors including Anand Madanagopal (Managing Director) and Sashikumar Sreedharan.
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 184 / 2 Whitefield Main Road Varathore Kodi White Field, Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.75 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹70.74 Lakh (net margin -25.7%) and EBITDA of ₹15.32 Lakh (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 39% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Cardiac Design Labs. The company has 9 deals on record (7 funding rounds, 2 secondary share transfers), with disclosed funding of ₹13.49 Cr; the latest was in March 2020.
Cardiac Design Labs Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0166452). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cardiacdesignlabs.com.
Company details
CIN U33114KA2011PTC060867
Registration Number 060867
Incorporation Date 19 October 2011
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0166452
Key People
Anand Madanagopal Managing Director Sashikumar Sreedharan Director Narendra Raj Singh Additional Director Recognitions & Rankings of Cardiac Design Labs
Contact details
Cardiac Design Labs Private Limited's registered office is in Bangalore, Karnataka. Its website is cardiacdesignlabs.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address184 / 2 Whitefield Main Road Varathore Kodi White Field, Bangalore, Karnataka, India – 560066
- IndustryHealthcare, HealthTech & Medical Tech Solutions
To see the full contact details of Cardiac Design Labs Private Limited, buy the company report.
Comprehensive company report
Cardiac Design Labs Private Limited - one report that includes everything
- 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
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Brands
Cardiac Design Labs operates one associated brand: Cardiac Design Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Wearable devices for remote cardiac patient monitoring are provided. | cardiacdesignlabs.com |
Business activity
The main business activities of Cardiac Design Labs are professional, scientific and technical and hospital and medical care. In detail, this covers scientific research and development and other hospital and medical care activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development | |
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities |
To see the full business activity and turnover split of Cardiac Design Labs Private Limited, buy the company report.
Financials of Cardiac Design Labs Private Limited
FY 2024 filings availableCardiac Design Labs Private Limited reported revenue of ₹2.75 Cr (up 6% YoY) for FY 2024.
Revenue · FY 2024
₹2.75 Cr ▲ 6%
Net loss · FY 2024
₹70.74 Lakh margin -25.7%
EBITDA · FY 2024
₹15.32 Lakh margin 5.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 32%
5 years · compounded
▲ 39%
EBITDA CAGR growth
1 year
▼ 87%
3 years · compounded
▲ 35%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 6% growth in the latest year. EBITDA fell 87% in the latest year. 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹15.32 Lakh | ||||
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| Net Profit (PAT) | -₹70.74 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 5.6% | ||||
| Net Profit Margin | -25.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Cardiac Design Labs Private Limited, buy the company report.
Board of directors of Cardiac Design Labs Private Limited
Cardiac Design Labs has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sashikumar Sreedharan Also directs: Connected Motions Private Limited | Director | 19 Oct 2011 | 15 Years 0 Months | Current |
| Narendra Raj Singh | Additional Director | 12 Oct 2020 | 6 Years 0 Months | Current |
| Anand Madanagopal | Managing Director | 19 Oct 2011 | 15 Years 0 Months | Current |
| Joseph Naduvathusseril Joseph | Nominee Director | 18 May 2018 | 8 Years 5 Months | Current |
Auditor
Cardiac Design Labs Private Limited is audited by SANTHAPPA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANTHAPPA & CO | FY 2023 | 003613S |
Shareholding
The shareholding of Cardiac Design Labs Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cardiac Design Labs Private Limited, buy the company report.
Deals & funding
Cardiac Design Labs Private Limited has 9 deals on record (7 funding rounds, 2 secondary share transfers), with disclosed funding of ₹13.49 Cr; the latest was in March 2020.
Total deals
9
Funding rounds
7
Secondary share transfers
2
Disclosed funding
₹13.49 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Funding round | ₹1 Cr | Investors: Kateel Software Private Limited |
| May 2018 | Funding round | ₹6 Cr | Investors: 4 individuals |
| Sep 2017 | Funding round | ₹1 Cr | Investors: Cyient Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Technical Infoway Private Limited, 3 individuals Seller: 3 individuals |
| Jun 2016 | Funding round | ₹3.8 Cr | Investors: Cyient Limited , 3 individuals |
To see the full deal history of Cardiac Design Labs 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
No court or tribunal cases involving Cardiac Design Labs Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cardiac Design Labs Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cardiac Design Labs Private Limited has a workforce of 12 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
12
Active EPFO establishments
1
Employee growth
-14.29%
GST
Cardiac Design Labs has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECC6016D1ZY | Karnataka | Active | 10 Nov 2017 |
To see the full GST registrations and return filing status of Cardiac Design Labs Private Limited, buy the company report.
Recent activity
Cardiac Design Labs Private Limited has 7 board changes on record since 2011: 4 appointments and 3 cessations. The latest: Viren Prasad Shetty ceased to be Nominee Director on 18 Sep 2021.
AGM
Cardiac Design Labs Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Cardiac Design Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Viren Prasad Shetty ceased to be Nominee Director.
Appointed
Narendra Raj Singh was appointed as Additional Director.
Ceased
Narendra Raj Singh ceased to be Director.
Ceased
Raghunandan Raghavan Thoniparambil ceased to be Director.
Appointed
Joseph Naduvathusseril Joseph was appointed as Nominee Director.
Appointed
Anand Madanagopal was appointed as Managing Director.
Appointed
Sashikumar Sreedharan was appointed as Director.
Incorporation
19 Oct 2011
Cardiac Design Labs Private Limited was registered on 19 Oct 2011 with Roc Bangalore & aged 15 years 15 days as per MCA records.
Frequently asked questions
Cardiac Design Labs is an active private limited company based in Bangalore, Karnataka, India. The company works in healthtech and medical tech solutions, within the healthcare industry. It was incorporated on 19 October 2011 (15+ years old) and is registered under CIN U33114KA2011PTC060867.
Cardiac Design Labs has 4 current directors:
- Anand Madanagopal - Managing Director
- Sashikumar Sreedharan - Director
- Narendra Raj Singh - Additional Director
- Joseph Naduvathusseril Joseph - Nominee Director
The latest financial statements of Cardiac Design Labs on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Cardiac Design Labs is 29AAECC6016D1ZY, registered in Karnataka.
The CIN (Corporate Identification Number) of Cardiac Design Labs is U33114KA2011PTC060867. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cardiac Design Labs was incorporated on 19 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Cardiac Design Labs has 9 deals on record (7 funding rounds, 2 secondary share transfers), with disclosed funding of ₹13.49 Cr; the latest was in March 2020.
Viren Prasad Shetty ceased to be Nominee Director on 18 Sep 2021. Narendra Raj Singh was appointed as Additional Director on 12 Oct 2020. Narendra Raj Singh ceased to be Director on 31 Jul 2018. Cardiac Design Labs has 7 board changes on record in total.
Yes, Cardiac Design Labs is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0166452).
Cardiac Design Labs can be reached through the website cardiacdesignlabs.com. Its registered office is in Bangalore, Karnataka, India.
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