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Elevate Scientific Private Limited - healthcare in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.54 Cr
▲ 525% YoY
Net loss · FY 2024
₹22.75 Lakh
Net margin -14.8%
EBITDA · FY 2024
₹35.02 Lakh
EBITDA margin 22.7%
Authorised capital
₹46 Lakh
Registered with MCA
Paid-up capital
₹46 Lakh
Issued & subscribed
Open charges
₹3.46 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
About Elevate Scientific Private Limited
Data last updated:
Elevate Scientific Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 26 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U33110GJ2020PTC112969. Its GSTIN is 24AAFCE8533J1ZI (Gujarat).
The company has an authorised share capital of ₹46 Lakh and a paid-up capital of ₹46 Lakh. It is led by directors Mayurdhvajsinh Mahavirsinh Raol and Parth Manish Doshi.
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 Surat, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.54 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹22.75 Lakh (net margin -14.8%) and EBITDA of ₹35.02 Lakh (EBITDA margin 22.7%).
As per MCA filings, the company has open charges of ₹3.46 Cr on record.
Elevate Scientific Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0017981). For more details, the company can be reached via its website elevatescientific.co.in.
Company details
CIN U33110GJ2020PTC112969
Registration Number 112969
Incorporation Date 26 February 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0017981
Recognitions & Rankings of Elevate Scientific
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-22-0017981
Contact details
Elevate Scientific Private Limited's registered office is in Surat, Gujarat. Its website is elevatescientific.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressPlot No. 63 Ichchapore G.I.D.C. Industrial Estate Bhatpore Sachin – Hazi, Ra Road, Surat, Gujarat, India – 394510
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Elevate Scientific Private Limited, buy the company report.
Comprehensive company report
Elevate Scientific 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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Secure checkout · GST invoice included
Business activity
The main business activity of Elevate Scientific is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| 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 |
To see the full business activity and turnover split of Elevate Scientific Private Limited, buy the company report.
Financials of Elevate Scientific Private Limited
FY 2025 filings availableElevate Scientific Private Limited reported revenue of ₹1.54 Cr (up 525% YoY) for FY 2024.
Revenue · FY 2024
₹1.54 Cr ▲ 525%
Net loss · FY 2024
₹22.75 Lakh margin -14.8%
EBITDA · FY 2024
₹35.02 Lakh margin 22.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 525%
EBITDA CAGR growth
3 years · compounded
▲ 39%
Revenue rose 525% 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 | ₹35.02 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹22.75 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.7% | ||||
| Net Profit Margin | -14.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Elevate Scientific Private Limited, buy the company report.
Board of directors of Elevate Scientific Private Limited
Elevate Scientific has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayurdhvajsinh Mahavirsinh Raol Also directs: Elevate Life Science LLP | Director | 26 Feb 2020 | 6 Years 7 Months | Current |
| Parth Manish Doshi Also directs: Elevate Life Science LLP, Mytry Fashion & Wellness LLP, Magical Ventures LLP and 5 more | Director | 26 Feb 2020 | 6 Years 7 Months | Current |
Peer comparison
Elevate Scientific Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cuddly King Private Limited | ₹1.55 Cr (FY 2024) | 59.0% | Ahmedabad, Gujarat, India | |||
| Sansa Jewellery Private Limited | ₹1.55 Cr (FY 2024) | 9.0% | Hyderabad, Telangana, India | |||
| Gee Cee Wellness (OPC) Private Limited | ₹1.55 Cr (FY 2025) | -26.0% | New Delhi, Delhi, India | |||
| Amkur Creations Private Limited | ₹1.54 Cr (FY 2018) | -7.0% | New Delhi, Delhi, India | |||
| Planx 24 India Private Limited | ₹1.54 Cr (FY 2025) | 7.0% | Kochi, Kerala, India | |||
| Elevate Scientific Private Limitedthis company | ₹1.54 Cr (FY 2024) | -₹22.75 Lakh | -14.8% | 525.0% | Surat, Gujarat, India | |
| Tarangini Brick Private Limited | ₹1.54 Cr (FY 2022) | 776.0% | Chennai, Tamil Nadu, India | |||
| Surfcoatech Industries Private Limited | ₹1.54 Cr (FY 2025) | 44.0% | Pune, Maharashtra, India | |||
| Nugel Industries Private Limited | ₹1.54 Cr (FY 2021) | -19.0% | Vijayawada, Andhra Pradesh, India | |||
| Supermech Engineering India Private Limited | ₹1.54 Cr (FY 2025) | -6.0% | Ghaziabad, Uttar Pradesh, India | |||
| HD Jewellery Marvels Private Limited | ₹1.54 Cr (FY 2024) | -62.0% | Surat, Gujarat, India |
To see the full peer comparison of Elevate Scientific Private Limited, buy the company report.
Auditor
Elevate Scientific Private Limited is audited by N B UNADKAT & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N B UNADKAT & ASSOCIATES | FY 2021 | 138377W |
Shareholding
The shareholding of Elevate Scientific Private Limited is on record for FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Elevate Scientific Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.46 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2024 | 101000068 | Hdfc Bank Limited | ₹21.94 Lakh | Open | |
| 12 Nov 2020 | 100385342 | Others | ₹3.24 Cr | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Elevate Scientific 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 Elevate Scientific Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Elevate Scientific has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCE8533J1ZI | Gujarat | Active | 11 Jul 2020 |
To see the full GST registrations and return filing status of Elevate Scientific Private Limited, buy the company report.
Recent activity
Elevate Scientific Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Mayurdhvajsinh Mahavirsinh Raol was appointed as Director on 26 Feb 2020.
AGM
Elevate Scientific Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Elevate Scientific Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 21.94 Lakh with Charge ID 101000068 was registered on 30 Oct 2024.
Charges
A charge with Others amounted to Rs. 324.00 Lakh with Charge ID 100385342 was registered on 12 Nov 2020.
Appointed
Mayurdhvajsinh Mahavirsinh Raol was appointed as Director.
Appointed
Parth Manish Doshi was appointed as Director.
Incorporation
26 Feb 2020
Elevate Scientific Private Limited was registered on 26 Feb 2020 with Roc Ahmedabad & aged 6 years 7 months as per MCA records.
Frequently asked questions
Elevate Scientific is an active private limited company based in Surat, Gujarat, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 26 February 2020 (6+ years old) and is registered under CIN U33110GJ2020PTC112969.
Elevate Scientific has 2 current directors:
- Mayurdhvajsinh Mahavirsinh Raol - Director
- Parth Manish Doshi - Director
The latest financial statements of Elevate Scientific 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 FY 2020 are in the company report.
The GSTIN of Elevate Scientific is 24AAFCE8533J1ZI, registered in Gujarat.
The CIN (Corporate Identification Number) of Elevate Scientific is U33110GJ2020PTC112969. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elevate Scientific was incorporated on 26 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Elevate Scientific by revenue are Cuddly King Private Limited, Sansa Jewellery Private Limited, Gee Cee Wellness (OPC) Private Limited, Amkur Creations Private Limited, Planx 24 India Private Limited and 5 more, all in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Mayurdhvajsinh Mahavirsinh Raol was appointed as Director on 26 Feb 2020. Parth Manish Doshi was appointed as Director on 26 Feb 2020.
Yes, Elevate Scientific is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Elevate Scientific is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0017981).
Elevate Scientific can be reached through the website elevatescientific.co.in. Its registered office is in Surat, Gujarat, India.