About Cygnus Medicare Private Limited
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Cygnus Medicare Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the hospital and clinical services segment of the healthcare sector. It was incorporated on 16 September 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U85190DL2011PTC391657. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹227.62 Cr and a paid-up capital of ₹64.94 Cr. It is led by directors including Nitin Sidlagatta Nag (Managing Director) and Shuchin Bajaj (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3rd Floor Ece House Annexe – II, 28A Kasturba Gandhi Marg, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2025, the company reported a revenue of ₹528.61 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net loss of ₹75.17 Cr (net margin -14.2%) and EBITDA of ₹14.86 Cr (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 42% over five years.
The company has about 2,080 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries and 1 joint venture.
The company is associated with 1 brand: Ujala Cygnus. As per MCA filings, the company has open charges of ₹473.17 Cr and satisfied charges of ₹224.57 Cr on record. Court records list 37 cases involving the company, including 15 filed by the company and 22 filed against it; 10 cases are pending. The company has 37 deals on record (19 funding rounds, 13 secondary share transfers, 2 rights issues), with disclosed funding of ₹1,133.98 Cr; the latest was in March 2026. Its 4 peer companies in the Healthcare industry (Multi Specialty Hospitals), with the same principal business activity (hospital activities) are compared by revenue, 2 larger and 2 smaller; the largest is Zydus Hospitals and Healthcare Research Private Limited with revenue of ₹876.25 Cr. The company has 9 MSME Form 1 returns on record between 2021 and 2024, listing 3,189 overdue payments to 80 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ujalacygnus.com.
Company details
CIN history
Cygnus Medicare has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U85190DL2011PTC391657, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85190DL2011PTC391657 | Current |
| U85190DL2011PTC225170 | Previous |
| U85190HR2011PTC064120 | Previous |
Contact details
Cygnus Medicare Private Limited's registered office is in New Delhi, Delhi. Its website is ujalacygnus.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor Ece House Annexe – II, 28A Kasturba Gandhi Marg, New Delhi, Delhi, India – 110001
- IndustryHealthcare, Hospitals
To see the full contact details of Cygnus Medicare 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
Cygnus Medicare operates one associated brand: Ujala Cygnus. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A chain of multi-specialty hospitals is operated in India. | ujalacygnus.com |
Business activity
The main business activity of Cygnus Medicare is hospital and medical care. In detail, this covers hospital activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q1 | Hospital activities |
To see the full business activity and turnover split of Cygnus Medicare Private Limited, buy the company report.
Financials of Cygnus Medicare Private Limited
FY 2025 filings availableCygnus Medicare Private Limited reported revenue of ₹528.61 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 21% growth in the latest year. EBITDA fell 84% 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 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 | ₹528.61 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹14.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹75.17 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | -14.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Cygnus Medicare Private Limited, buy the company report.
Board of directors of Cygnus Medicare Private Limited
Cygnus Medicare has 7 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tanmay Maheshwari | Nominee Director | 21 Apr 2023 | 3 Years 6 Months | Current |
| Nitin Sidlagatta Nag | Managing Director | 11 Jul 2025 | 1 Years 4 Months | Current |
| Varun Talukdar Also directs: Rubicon Research Limited, Asg Hospital Limited, Asg Hospital Private Limited and 2 more | Nominee Director | 02 Apr 2024 | 2 Years 7 Months | Current |
| Alok Chandra Misra | Director | 09 Oct 2024 | 2 Years 1 Months | Current |
| Shuchin Bajaj Also directs: Prinish Ventures LLP, Mediseren Private Limited, Pulsus Healthcare Private Limited and 5 more | Whole-Time Director | 01 Jun 2012 | 14 Years 5 Months | Current |
| Ruchi Seth Also directs: Amandeep Healthcare Private Limited | Nominee Director | 02 Apr 2024 | 2 Years 7 Months | Current |
Peer comparison
Cygnus Medicare Private Limited is compared with the 4 companies closest to it by revenue in the Healthcare industry (Multi Specialty Hospitals), with the same principal business activity (hospital activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zydus Hospitals and Healthcare Research Private Limited | ₹876.25 Cr (FY 2025) | 24.0% | Ahmedabad, Gujarat, India | |||
| Kailash Healthcare Limited | ₹764.37 Cr (FY 2025) | 12.0% | Delhi, India | |||
| Medanta Holdings Private Limited | ₹704.71 Cr (FY 2024) | 23.0% | New Delhi, Delhi, India | |||
| Baby Memorial Hospital Limited | ₹651.73 Cr (FY 2025) | 49.0% | Kozhikode, Kerala, India | |||
| Cygnus Medicare Private Limitedthis company | ₹528.61 Cr (FY 2025) | -₹75.17 Cr | -14.2% | 21.0% | 2,080 | New Delhi, Delhi, India |
To see the full peer comparison of Cygnus Medicare Private Limited, buy the company report.
Auditor
Cygnus Medicare Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2025 | 001076N/N500013 |
Shareholding
The shareholding of Cygnus Medicare 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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cygnus Medicare Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Feb 2026 | 101270480 | Others | ₹3 Cr | Open | |
| 20 Feb 2026 | 101251932 | Axis Bank Limited | ₹90.42 Cr | Open | |
| 22 Jan 2026 | 101232273 | Others | ₹50 Lakh | Open | |
| 13 Aug 2025 | 101143622 | Axis Bank Limited | ₹150 Cr | Open | |
| 04 Jul 2025 | 101127303 | Others | ₹15 Cr | Open |
To see the full charge records of Cygnus Medicare Private Limited, buy the company report.
Total charge records: 40 View all charges
Deals & funding
Cygnus Medicare Private Limited has 37 deals on record (19 funding rounds, 13 secondary share transfers, 2 rights issues), with disclosed funding of ₹1,133.98 Cr; the latest was in March 2026.
Deals on record (5 of 37)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Rights issue | ₹189.21 Cr | Investors: General Atlantic, Medicive Heathcare LLP, 2 individuals |
| Oct 2025 | Funding round · Series A | ₹7.23 Cr | Investors: an individual |
| Apr 2025 | Funding round | ₹201.69 Cr | Investors: General Atlantic, an individual |
| Dec 2024 | Debt financing | ₹43 Cr | Investors: Asian Development Bank |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: True Value Media Private Limited , an individual Seller: an individual |
To see the full deal history of Cygnus Medicare 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
Cygnus Medicare Private Limited has 37 court cases on record: 15 filed by Cygnus Medicare, 22 filed against it. 10 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 15 | 7 |
| High courts | 10 | 7 | 3 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed against the company by Imarti Media Private Limited | Disposed |
| District court, South East, Delhi | Commercial suit | Filed against the company by M/S MRL Pharma Pvt. Ltd. | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by M/S MRL Pharma Pvt Ltd | Disposed |
| District court, Central, Delhi | Court case (LCA) | Filed against the company by an individual | Pending |
| District court, South, Delhi | Civil suit | Filed against the company by State | Pending |
To see the full case history of Cygnus Medicare 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.
MSME payment delays
Cygnus Medicare Private Limited has 9 MSME Form 1 returns on record between 2021 and 2024, listing 3,189 overdue payments to 80 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 80)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Flovr Industries Private Limited | |||
| Pluskart Medical Solution | |||
| an individual supplier | |||
| an individual supplier | |||
| PP Life Sciences |
To see the full MSME payment records of Cygnus Medicare Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Cygnus Medicare has 8 subsidiary companies, 1 joint venture, and 3 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Pulsus Healthcare Private Limited | U85100DL2014PTC267638 | |
| Cygnus Pulsus Healthcare Private Limited | U85100DL2014PTC271280 | |
| Cygnus MLS Hospitals Private Limited | U85100DL2015PTC280849 | |
| Cygnus Corsants MLS Healthcare Private Limited | U85100DL2015PTC284404 | |
| Cygnus Corsants Medicare Private Limited | U85100DL2015PTC284504 | |
| Ujala Healthcare Services Limited | U85100DL2017PLC317134 |
To see the full group structure of Cygnus Medicare Private Limited, buy the company report.
Employees & EPFO
Cygnus Medicare Private Limited has a workforce of 2,080 employees on its EPFO records as of May 2026, across 10 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 2,080 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Cygnus Medicare Private Limited, buy the company report.
GST
Cygnus Medicare has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Cygnus Medicare Private Limited, buy the company report.
Recent activity
Cygnus Medicare Private Limited has 31 board changes on record since 2012: 8 appointments and 23 cessations. The latest: Nitin Sidlagatta Nag was appointed as Managing Director on 11 Jul 2025.
90 earlier events are in the company report.
News
Frequently asked questions
Cygnus Medicare is an active private limited company based in New Delhi, Delhi, India. The company works in hospitals, within the healthcare industry. It was incorporated on 16 September 2011 (15+ years old) and is registered under CIN U85190DL2011PTC391657.
Cygnus Medicare has 7 current directors:
- Nitin Sidlagatta Nag - Managing Director
- Shuchin Bajaj - Whole-Time Director
- Tanmay Maheshwari - Nominee Director
- Varun Talukdar - Nominee Director
- Alok Chandra Misra - Director
- Ruchi Seth - Nominee Director
- Shantanu Rastogi - Nominee Director
The latest financial statements of Cygnus Medicare on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
No. Cygnus Medicare has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Cygnus Medicare is U85190DL2011PTC391657. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cygnus Medicare has 37 court cases on record: 15 filed by the company and 22 filed against it. 10 are pending. Most are in the district courts.
Cygnus Medicare was incorporated on 16 September 2011, making it 15+ years old. It is registered with the Registrar of Companies, Delhi.
Cygnus Medicare has 37 deals on record (19 funding rounds, 13 secondary share transfers, 2 rights issues), with disclosed funding of ₹1,133.98 Cr; the latest was in March 2026.
The peers of Cygnus Medicare by revenue are Zydus Hospitals and Healthcare Research Private Limited, Kailash Healthcare Limited, Medanta Holdings Private Limited, Baby Memorial Hospital Limited, all in the Healthcare industry (Multi Specialty Hospitals), with the same principal business activity (hospital activities).
Nitin Sidlagatta Nag was appointed as Managing Director on 11 Jul 2025. Prahlad Rai Inani was appointed as CFO on 06 Dec 2024. Alok Chandra Misra was appointed as Director on 09 Oct 2024. Cygnus Medicare has 31 board changes on record in total.
Cygnus Medicare has 9 MSME Form 1 returns on record between 2021 and 2024, listing 3,189 overdue payments to 80 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Cygnus Medicare can be reached through the website ujalacygnus.com. Its registered office is in New Delhi, Delhi, India.
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