DPIIT recognised startup Government of India
Startup India
Cygnet Meditech Private Limited - energy and power in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.99 Cr
▲ 7% YoY
Net profit · FY 2025
₹30.65 Lakh
Net margin 7.7%
EBITDA · FY 2025
₹56.4 Lakh
EBITDA margin 14.1%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹3.35 Cr
Satisfied ₹70 Lakh
Company age
10 yrs
Est. 2016
Directors on board
4
As per MCA filings
About Cygnet Meditech Private Limited
Data last updated:
Cygnet Meditech Private Limited is a private limited company based in Vadodara, Gujarat, India, recognised as a startup by DPIIT. It operates in the power epc segment of the energy and power sector. It was incorporated on 08 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U33301GJ2016PTC094627. Its GSTIN is 24AAGCG6349F1ZM (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Anjana Mayank Darji and Devang Mayankbhai Darji.
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 Blk No.50 Riddhi Siddhi Nagar Ajwa Road, Vadodara, Gujarat, India – 390019.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.99 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹30.65 Lakh (net margin 7.7%) and EBITDA of ₹56.4 Lakh (EBITDA margin 14.1%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 30% over five years.
As per MCA filings, the company has open charges of ₹3.35 Cr and satisfied charges of ₹70 Lakh on record. Court records list 1 case involving the company; 1 case is pending.
Cygnet Meditech Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0020361). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cygnetmeditech.com.
Company Details of Cygnet Meditech Private Limited
CIN U33301GJ2016PTC094627
Registration Number 094627
Incorporation Date 08 December 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-24-0020361
Key People
Dhruvang Mayankbhai Darji Additional Director Anjana Mayank Darji Director Devang Mayankbhai Darji Director Recognitions & Rankings of Cygnet Meditech
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-24-0020361
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBlk No.50 Riddhi Siddhi Nagar Ajwa Road, Vadodara, Gujarat, India – 390019
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
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Business Activity of Cygnet Meditech Private Limited
The main business activity of Cygnet Meditech is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Cygnet Meditech Private Limited FY 2025 filings available
Cygnet Meditech Private Limited reported revenue of ₹3.99 Cr (up 7% YoY) for FY 2025.
Revenue · FY 2025
₹3.99 Cr ▲ 7%
Net profit · FY 2025
₹30.65 Lakh margin 7.7%
EBITDA · FY 2025
₹56.4 Lakh margin 14.1%
Compounded Annual Growth Rate (CAGR) of Cygnet Meditech Private Limited
Revenue CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 35%
5 years · compounded
▲ 30%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 17%
5 years · compounded
▲ 27%
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 7% growth in the latest year. EBITDA rose 19% 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 of Cygnet Meditech Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹56.4 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹30.65 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Cygnet Meditech Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.7% | •••• | •••• | •••• | •••• |
| 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 Cygnet Meditech are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
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Board of Directors of Cygnet Meditech Private Limited
Cygnet Meditech has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruvang Mayankbhai Darji | Additional Director | 26 Jun 2023 | 3 Years 3 Months | Current |
| Anjana Mayank Darji | Director | 07 Mar 2017 | 9 Years 7 Months | Current |
| Devang Mayankbhai Darji | Director | 08 Dec 2016 | 9 Years 10 Months | Current |
| Mayankbhai Ramanlal Darji | Director | 08 Dec 2016 | 9 Years 10 Months | Current |
Peer Comparison of Cygnet Meditech Private Limited
Cygnet Meditech Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Medical Consumables). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Medi Shield Health Care Private Limited | ₹4.12 Cr (FY 2024) | •••• | •••• | 41.0% | •••• | Lucknow, Uttar Pradesh, India |
| Reevax Pharma Private Limited | ₹4.09 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Hyderabad, Telangana, India |
| Sysko Asia Healthcares Private Limited | ₹4.07 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Faridabad, Haryana, India |
| Papier Hygiene Private Limited | ₹4.06 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Bangalore, Karnataka, India |
| Pathkits Healthcare Private Limited | ₹3.99 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Gurgaon, Haryana, India |
| Cygnet Meditech Private Limited this company | ₹3.99 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Vadodara, Gujarat, India |
| MJS Latex Private Limited | ₹3.98 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Prantij, Gujarat, India |
| Dzire Surgical India Private Limited | ₹3.98 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Surat, Gujarat, India |
| Medilivescare Manufacturing Private Limited | ₹3.92 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Vishwas Nagar, Delhi, India |
| Wirksam Pharma Private Limited | ₹3.91 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Jaipur, Rajasthan, India |
| Vandana Graphics Private Limited | ₹3.81 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Cygnet Meditech by revenue in the Healthcare industry (Medical Consumables), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Cygnet Meditech Private Limited
Cygnet Meditech Private Limited is audited by PRAKASH CHANDRA JAIN & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRAKASH CHANDRA JAIN & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Cygnet Meditech Private Limited
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Charges & Borrowings of Cygnet Meditech Private Limited
Open charges
₹3.35 Cr
Satisfied charges
₹70 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Dec 2025 | Indian Bank | ₹35 Lakh | Open |
| 12 Dec 2025 | Indian Bank | ₹3 Cr | Open |
| 26 Sep 2017 | Indian Bank | ₹70 Lakh | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Cygnet Meditech Private Limited
Cygnet Meditech Private Limited has 1 court case on record: 1 where it is another party. All case is pending. Status as checked on 21 Sep 2026.
Total cases
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Company is another party | Pending |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Cygnet Meditech Private Limited
Employment history and EPFO contributions of people linked to Cygnet Meditech.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Cygnet Meditech Private Limited
Cygnet Meditech Private Limited has 4 board changes on record since 2016: 4 appointments. The latest: Dhruvang Mayankbhai Darji was appointed as Additional Director on 26 Jun 2023.
Charges
A charge with Indian Bank amounted to Rs. 35.00 Lakh with Charge ID 101210921 was registered on 12 Dec 2025.
Charges
A charge with Indian Bank amounted to Rs. 300.00 Lakh with Charge ID 101210925 was registered on 12 Dec 2025.
Charges
A charge registered on 26 Sep 2017 via Charge ID 100128838 with Indian Bank was fully satisfied on 12 Dec 2025.
AGM
Cygnet Meditech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Cygnet Meditech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Dhruvang Mayankbhai Darji was appointed as Additional Director.
Charges
A charge with Indian Bank amounted to Rs. 70.00 Lakh with Charge ID 100128838 was registered on 26 Sep 2017.
Appointed
Anjana Mayank Darji was appointed as Director.
Appointed
Devang Mayankbhai Darji was appointed as Director.
Appointed
Mayankbhai Ramanlal Darji was appointed as Director.
Incorporation
08 Dec 2016
Cygnet Meditech Private Limited was registered on 08 Dec 2016 with Roc Ahmedabad & aged 9 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Cygnet Meditech Private Limited
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MSME Payment Delays by Cygnet Meditech Private Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Cygnet Meditech Private Limited
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Corporate group structure
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GST Compliance of Cygnet Meditech Private Limited
Cygnet Meditech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCG6349F1ZM | Gujarat | Active | 01 Jul 2017 |
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MCA Filings & Documents of Cygnet Meditech Private Limited
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Frequently Asked Questions about Cygnet Meditech Private Limited
Cygnet Meditech is an active private limited company based in Vadodara, Gujarat, India. The company works in power epc, within the energy and power industry. It was incorporated on 08 December 2016 (10+ years old) and is registered under CIN U33301GJ2016PTC094627.
Cygnet Meditech reported revenue of ₹3.99 Cr for FY 2025 (up 7% YoY).
Cygnet Meditech has 4 current directors:
- Dhruvang Mayankbhai Darji - Additional Director
- Anjana Mayank Darji - Director
- Devang Mayankbhai Darji - Director
- Mayankbhai Ramanlal Darji - Director
Cygnet Meditech reported a net profit of ₹30.65 Lakh (net margin 7.7%) and EBITDA of ₹56.4 Lakh (EBITDA margin 14.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Cygnet Meditech is 35% over three years and 30% over five years. In the latest year (FY 2025) revenue rose 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Cygnet Meditech is 24AAGCG6349F1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Cygnet Meditech is U33301GJ2016PTC094627. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cygnet Meditech has 1 court case on record. 1 is pending.
Cygnet Meditech was incorporated on 08 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Cygnet Meditech by revenue are Medi Shield Health Care Private Limited, Reevax Pharma Private Limited, Sysko Asia Healthcares Private Limited, Papier Hygiene Private Limited, Pathkits Healthcare Private Limited and 5 more, all in the Healthcare industry (Medical Consumables).
Dhruvang Mayankbhai Darji was appointed as Additional Director on 26 Jun 2023. Anjana Mayank Darji was appointed as Director on 07 Mar 2017. Devang Mayankbhai Darji was appointed as Director on 08 Dec 2016. Cygnet Meditech has 4 board changes on record in total.