About First Source Laboratory Solutions LLP
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First Source Laboratory Solutions LLP is a limited liability partnership (LLP) based in Hyderabad, Telangana, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 14 January 2011 and has been in existence for over 15 years.
The LLP is registered with the Registrar of Companies (ROC), Hyderabad, under LLPIN AAA-3396. Its GSTIN is 36AACFF5146L1ZA (Telangana). The LLP holds 2 GST registrations, of which 1 is active.
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners including Thyagarajan Srinivasan and Manikandan Narasimhan.
Its latest statement of accounts is for the year ended 31 March 2024. The registered office is at Plot No.2 Block D Street No.3 Kakathiyanagar Habsiguda, Hyderabad, Telangana, India – 500007.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹70.47 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹8.3 Cr (net margin 11.8%) and EBITDA of ₹9.47 Cr (EBITDA margin 13.4%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 2% over five years.
The LLP has about 104 employees on its provident fund (EPFO) records.
The LLP is associated with 1 brand: FirstSource. As per MCA filings, the LLP has open charges of ₹13.5 Cr and satisfied charges of ₹5.5 Cr on record.
For more details, the LLP can be reached via its website firstsourcels.com.
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- Registered AddressPlot No.2 Block D Street No.3 Kakathiyanagar Habsiguda, Hyderabad, Telangana, India – 500007
- IndustryHealthcare, Medical & Laboratory Equipment
- 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
- One PDF report, delivered after checkout
Associated Brands with First Source Laboratory Solutions LLP
First Source Laboratory Solutions operates one associated brand: FirstSource. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Scientific equipment and supplies are distributed online by FirstSource. | firstsourcels.com |
Competitors & Alternatives of First Source Laboratory Solutions LLP
Brands and companies operating in the same space as First Source Laboratory Solutions LLP include Chemkart, Chemical Shoppe, Pigi and 3 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Chemkart | Over 5,000 chemical products are sold via an online marketplace. | Mumbai, India | 2015 |
 Chemical Shoppe | Chemicals and laboratory equipment are offered via an online marketplace. | Ahmedabad, India | 2015 |
 Pigi | Provides a platform for bulk buying of supplements and sports nutrition. | Gurugram, India | 2016 |
 Wee Scientifics | Provides technical sales and support for scientific instruments and materials. | Chennai, India | 2019 |
 Sciencekatta | Operates an online platform offering a wide range of scientific instruments and lab products. | Pune, India | 2018 |
 Scientific Buying | Operates as a B2B e-distributor platform for scientific supplies. | Chennai, India | 2021 |
Designated Partners of First Source Laboratory Solutions LLP
First Source Laboratory Solutions has 6 designated partners on record. No former designated partners are listed.
Financials of First Source Laboratory Solutions LLP FY 2024 filings available
First Source Laboratory Solutions LLP reported revenue of ₹70.47 Cr (down 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of First Source Laboratory Solutions LLP
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 17% 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 First Source Laboratory Solutions LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• | •••• | •••• |
| Profit After Tax | ₹8.3 Cr | •••• | •••• | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• | •••• | •••• |
| Assets and Liabilities | |||||
| Partners' Contribution | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of First Source Laboratory Solutions LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 11.8% | •••• | •••• | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• | •••• | •••• |
| 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 8. The full year-wise statements and ratios of First Source Laboratory Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of First Source Laboratory Solutions LLP
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of First Source Laboratory Solutions LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Dec 2021 | Kotak Mahindra Bank Limited | ₹13.5 Cr | Open |
| 07 Dec 2017 | The Hongkong and Shanghai Banking Corporation Limited | ₹5.5 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at First Source Laboratory Solutions LLP
First Source Laboratory Solutions LLP has a workforce of 104 employees as of Mar 29, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of First Source Laboratory Solutions LLP
First Source Laboratory Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACFF5146L1ZA | Telangana | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for First Source Laboratory Solutions LLP
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by First Source Laboratory Solutions LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of First Source Laboratory Solutions LLP
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of First Source Laboratory Solutions LLP
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on First Source Laboratory Solutions LLP
Frequently Asked Questions about First Source Laboratory Solutions LLP
First Source Laboratory Solutions is an active limited liability partnership based in Hyderabad, Telangana, India. The LLP works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 14 January 2011 (15+ years old) and is registered under LLPIN AAA-3396.
First Source Laboratory Solutions reported revenue of ₹70.47 Cr for FY 2023 (down 9% YoY).
First Source Laboratory Solutions has 6 current designated partners:
- Thyagarajan Srinivasan - Designated Partner
- Manikandan Narasimhan - Designated Partner
- Lalitha Manikandan - Designated Partner
- Ravindranath Cherukuri - Designated Partner
- Mitesh Rameshchandra Desai - Designated Partner
- Arvind Thyagarajan - Designated Partner
First Source Laboratory Solutions reported a net profit of ₹8.3 Cr (net margin 11.8%) and EBITDA of ₹9.47 Cr (EBITDA margin 13.4%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of First Source Laboratory Solutions is 5% over three years and 2% over five years. In the latest year (FY 2023) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of First Source Laboratory Solutions is 36AACFF5146L1ZA, registered in Telangana. The LLP has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The LLPIN (Limited Liability Partnership Identification Number) of First Source Laboratory Solutions is AAA-3396. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
First Source Laboratory Solutions was incorporated on 14 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Hyderabad.
First Source Laboratory Solutions can be reached through the website firstsourcels.com. Its registered office is in Hyderabad, Telangana, India.