MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0083587
Eyestem Research Private Limited - research & development in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.13 Cr
▼ 27% YoY
Net loss · FY 2025
₹19.18 Cr
Latest filing
EBITDA · FY 2025
-₹19.18 Cr
Latest filing
Authorised capital
₹97.97 Lakh
Registered with MCA
Paid-up capital
₹29.09 Lakh
Issued & subscribed
Company age
11 yrs
Est. 2015
Employees · EPFO
1
Provident fund records
Directors on board
11
As per MCA filings
About Eyestem Research Private Limited
Data last updated:
Eyestem Research Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the research and development sector. It was incorporated on 25 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2015PTC164505. Its GSTIN is 29AAECE0406B1ZA (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹97.97 Lakh and a paid-up capital of ₹29.09 Lakh. It is led by directors including Dhruv Sareen and Gerardus Adrianus Hoogland.
Its last annual general meeting (AGM) was held on 13 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Centre For Cellular And Molecular Platforms Gkvk Campus Bellary Road, Bangalore, Karnataka, India – 560065.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.13 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net loss of ₹19.18 Cr and EBITDA of -₹19.18 Cr. Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 49% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Eyestem. The company has 10 deals on record (6 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹168.95 Cr; the latest was in August 2025. Its 3 peer companies in the Pharma industry (Contract Research), with the same principal business activity (scientific research and development) are compared by revenue, 3 smaller; the largest is Thinkmolecular Technologies Private Limited with revenue of ₹2.13 Cr. The company has 5 MSME Form 1 returns on record between 2021 and 2023, listing 22 overdue payments to 9 micro and small suppliers.
Eyestem Research Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0083587). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eyestem.com.
Company details
CIN U74999KA2015PTC164505
Registration Number 164505
Incorporation Date 25 August 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 13 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0083587
CIN history
Eyestem Research has one previous CIN (Corporate Identification Number): U74999GJ2015PTC084306. The current CIN is U74999KA2015PTC164505, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999KA2015PTC164505 | Current |
| U74999GJ2015PTC084306 | Previous |
Key People
Dhruv Sareen Director Ramesh Babu Byrapaneni Nominee Director Gerardus Adrianus Hoogland Director Recognitions & Rankings of Eyestem Research
Contact details
Eyestem Research Private Limited's registered office is in Bangalore, Karnataka. Its website is eyestem.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressCentre For Cellular And Molecular Platforms Gkvk Campus Bellary Road, Bangalore, Karnataka, India – 560065
- IndustryResearch & Development, Research & Development
To see the full contact details of Eyestem Research Private Limited, buy the company report.
Comprehensive company report
Eyestem Research 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
Eyestem Research operates one associated brand: Eyestem. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cell replacement therapies for ophthalmological conditions are developed. | eyestem.com |
Business activity
The main business activity of Eyestem Research is professional, scientific and technical. In detail, this covers scientific research and development.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M5 | Scientific research and development |
Financials of Eyestem Research Private Limited
FY 2025 filings availableEyestem Research Private Limited reported revenue of ₹2.13 Cr (down 27% YoY) for FY 2025.
Revenue · FY 2025
₹2.13 Cr ▼ 27%
Net loss · FY 2025
₹19.18 Cr
EBITDA · FY 2025
-₹19.18 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 27%
3 years · compounded
▲ 55%
5 years · compounded
▲ 49%
EBITDA CAGR growth
1 year
▼ 57%
3 years · compounded
▼ 67%
5 years · compounded
▼ 41%
Revenue fell 27% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 49%. EBITDA fell 57% 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 |
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| EBITDA | -₹19.18 Cr | ||||
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| Net Profit (PAT) | -₹19.18 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Eyestem Research Private Limited, buy the company report.
Board of directors of Eyestem Research Private Limited
Eyestem Research has 11 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruv Sareen | Director | 01 Aug 2016 | 10 Years 3 Months | Current |
| Ramesh Babu Byrapaneni Also directs: Aion Advisory Services LLP, Endiya Iksana Advisory Services LLP, Endiya Alamban Advisory Services LLP and 5 more | Nominee Director | 14 Jun 2024 | 2 Years 4 Months | Current |
| Gerardus Adrianus Hoogland Also directs: Cytespace Research Private Limited | Director | 07 Sep 2020 | 6 Years 2 Months | Current |
| Ashok Nana Vohra Also directs: Impres Health Private Limited, Bio-Combinator LLP, Escape Velocity Accelerator India LLP and 3 more | Director | 07 Nov 2017 | 9 Years 0 Months | Current |
| Rajani Ravindra Battu Also directs: Centre for Eye Genetics and Research | Director | 25 Aug 2015 | 11 Years 2 Months | Current |
| Mahendra Surendra Rao Also directs: Nkure Therapeutics Private Limited | Director | 10 Jun 2022 | 4 Years 4 Months | Current |
Showing 6 of 11 current directors. View all directors
Peer comparison
Eyestem Research Private Limited is compared with the 3 companies closest to it by revenue in the Pharma industry (Contract Research), with the same principal business activity (scientific research and development), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Eyestem Research Private Limitedthis company | ₹2.13 Cr (FY 2025) | -₹19.18 Cr | -27.0% | 1 | Bangalore, Karnataka, India | |
| Thinkmolecular Technologies Private Limited | ₹2.13 Cr (FY 2024) | 104.0% | Bengaluru, Karnataka, India | |||
| Roorkee Research & Analytical Labs Private Limited | ₹2.1 Cr (FY 2024) | 44.0% | Hyderabad, Telangana, India | |||
| Redox Scientific Private Limited | ₹2.1 Cr (FY 2024) | Sanand, Gujarat, India |
To see the full peer comparison of Eyestem Research Private Limited, buy the company report.
Auditor
Eyestem Research Private Limited is audited by DHIRUBHAI SHAH AND DOSHI for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHIRUBHAI SHAH AND DOSHI | FY 2022 | 102511W |
Shareholding
The shareholding of Eyestem Research Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Eyestem Research Private Limited, buy the company report.
Deals & funding
Eyestem Research Private Limited has 10 deals on record (6 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹168.95 Cr; the latest was in August 2025.
Total deals
10
Funding rounds
6
Secondary share transfers
2
Acquisition
1
Rights issue
1
Disclosed funding
₹168.95 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Funding round · Series A | ₹50.93 Cr | Investors: Alkem Laboratories Limited , Biological E. Limited , Natco Pharma Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Featherlite Family Office, 2 individuals Seller: Evoma Facilities (India) Private Limited , an individual |
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: Endiya Partners, Featherlite Family Office, Evoma Facilities (India) Private Limited Seller: Cytespace Research Private Limited |
| Nov 2018 | Funding round · Seed | ₹9.11 Cr | Investors: ESOP Offshore Trust, Impres Health Private Limited , 2 individuals |
| Oct 2016 | Funding round | ₹2.55 Cr | Investors: Cytespace Research Private Limited , Escape Velocity Accelerator, 2 individuals |
To see the full deal history of Eyestem Research 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 Eyestem Research 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
Eyestem Research Private Limited has 5 MSME Form 1 returns on record between 2021 and 2023, listing 22 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Althea DRF Lifesciences Limited | |||
| an individual supplier | |||
| Anand Diagnostic Laboratory |
To see the full MSME payment records of Eyestem Research Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Eyestem Research Private Limited has a workforce of 1 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
GST
Eyestem Research has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECE0406B1ZA | Karnataka | Active | 01 Aug 2017 |
To see the full GST registrations and return filing status of Eyestem Research Private Limited, buy the company report.
Recent activity
Eyestem Research Private Limited has 17 board changes on record since 2015: 11 appointments and 6 cessations. The latest: Sandeep Singh was appointed as Nominee Director on 21 Aug 2025.
AGM
Eyestem Research Private Limited last Annual general meeting of members was held on 13 Sep 2025 as per latest MCA records.
Appointed
Sandeep Singh was appointed as Nominee Director.
Appointed
Shirish Rajendra Barwale was appointed as Nominee Director.
Filing
Eyestem Research Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Ramesh Babu Byrapaneni was appointed as Nominee Director.
Appointed
Mahendra Surendra Rao was appointed as Director.
Ceased
Gerardus Adrianus Hoogland ceased to be Additional Director.
Appointed
Gerardus Adrianus Hoogland was appointed as Director.
Ceased
Subramanian Ramaswamy ceased to be Additional Director.
Appointed
Subramanian Ramaswamy was appointed as Director.
Ceased
Mahendra Surendra Rao ceased to be Director.
Ceased
Ashok Nana Vohra ceased to be Additional Director.
8 earlier events are in the company report.
News
Frequently asked questions
Eyestem Research is an active private limited company based in Bangalore, Karnataka, India. The company works in the research and development industry. It was incorporated on 25 August 2015 (11+ years old) and is registered under CIN U74999KA2015PTC164505.
Eyestem Research has 11 current directors:
- Dhruv Sareen - Director
- Ramesh Babu Byrapaneni - Nominee Director
- Gerardus Adrianus Hoogland - Director
- Ashok Nana Vohra - Director
- Rajani Ravindra Battu - Director
- Mahendra Surendra Rao - Director
- Suresh Ramu - Director
- Jogin Bhairav Desai - Director
- Sandeep Singh - Nominee Director
- Subramanian Ramaswamy - Director
- Shirish Rajendra Barwale - Nominee Director
The latest financial statements of Eyestem Research on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 13 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Eyestem Research is 29AAECE0406B1ZA, registered in Karnataka. 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 Eyestem Research is U74999KA2015PTC164505. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Eyestem Research was incorporated on 25 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Eyestem Research has 10 deals on record (6 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹168.95 Cr; the latest was in August 2025.
The peers of Eyestem Research by revenue are Thinkmolecular Technologies Private Limited, Roorkee Research & Analytical Labs Private Limited, Redox Scientific Private Limited, all in the Pharma industry (Contract Research), with the same principal business activity (scientific research and development).
Sandeep Singh was appointed as Nominee Director on 21 Aug 2025. Shirish Rajendra Barwale was appointed as Nominee Director on 21 Aug 2025. Ramesh Babu Byrapaneni was appointed as Nominee Director on 14 Jun 2024. Eyestem Research has 17 board changes on record in total.
Yes, Eyestem Research is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0083587).
Eyestem Research has 5 MSME Form 1 returns on record between 2021 and 2023, listing 22 overdue payments to 9 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Eyestem Research can be reached through the website eyestem.com. Its registered office is in Bangalore, Karnataka, India.
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