MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0054134
Happy Reliable Surgeries Private Limited - healthcare in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹21.5 Cr
▲ 66% YoY
Net profit · FY 2024
₹85.63 Lakh
Net margin 4%
EBITDA · FY 2024
₹1.68 Cr
EBITDA margin 7.8%
Authorised capital
₹80 Lakh
Registered with MCA
Paid-up capital
₹15.78 Lakh
Issued & subscribed
Open charges
₹2.4 Cr
Satisfied ₹80 Lakh
Company age
11 yrs
Est. 2015
Directors on board
5
As per MCA filings
About Happy Reliable Surgeries Private Limited
Data last updated:
Happy Reliable Surgeries Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the healthtech and medical tech solutions segment of the healthcare sector. It was incorporated on 01 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U33110KA2015PTC078056. Its GSTIN is 29AADCH5418B1ZU (Karnataka).
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹15.78 Lakh. It was formerly known as Happy Reliable Surgeries Private Limited (Opc). It is led by directors including Arpit Paliwal and Mihir Chhaya.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 14 8th Cross 1st N – Block Rajajinagar, Bangalore, Karnataka, India – 560010.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.5 Cr, a growth of 66% compared to the previous year. For the same year it recorded a net profit of ₹85.63 Lakh (net margin 4%) and EBITDA of ₹1.68 Cr (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 72% over three years and 71% over five years.
The company is associated with 1 brand: HRS Navigation. As per MCA filings, the company has open charges of ₹2.4 Cr and satisfied charges of ₹80 Lakh on record. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹64.89 Cr; the latest was in November 2025.
Happy Reliable Surgeries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0054134). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hrsnavigation.com.
Company details
CIN U33110KA2015PTC078056
Registration Number 078056
Incorporation Date 01 January 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0054134
CIN history
Happy Reliable Surgeries has one previous CIN (Corporate Identification Number): U33110KA2015OPC078056. The current CIN is U33110KA2015PTC078056, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U33110KA2015PTC078056 | Current |
| U33110KA2015OPC078056 | Previous |
Recognitions & Rankings of Happy Reliable Surgeries
Contact details
Happy Reliable Surgeries Private Limited's registered office is in Bangalore, Karnataka. Its website is hrsnavigation.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 14 8th Cross 1st N – Block Rajajinagar, Bangalore, Karnataka, India – 560010
- IndustryHealthcare, HealthTech & Medical Tech Solutions, Medical & Laboratory Equipment
To see the full contact details of Happy Reliable Surgeries Private Limited, buy the company report.
Comprehensive company report
Happy Reliable Surgeries 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
Happy Reliable Surgeries operates one associated brand: HRS Navigation. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Surgical navigation systems are provided for computer-assisted procedures. | hrsnavigation.com |
Business activity
The main business activity of Happy Reliable Surgeries 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 Happy Reliable Surgeries Private Limited, buy the company report.
Financials of Happy Reliable Surgeries Private Limited
FY 2024 filings availableHappy Reliable Surgeries Private Limited reported revenue of ₹21.5 Cr (up 66% YoY) for FY 2024.
Revenue · FY 2024
₹21.5 Cr ▲ 66%
Net profit · FY 2024
₹85.63 Lakh margin 4%
EBITDA · FY 2024
₹1.68 Cr margin 7.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 66%
3 years · compounded
▲ 72%
5 years · compounded
▲ 71%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 52%
5 years · compounded
▲ 63%
Revenue has grown at a compounded annual rate (CAGR) of 71% over five years, including 66% growth in the latest year. EBITDA rose 3% 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 | ₹1.68 Cr | ||||
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| Net Profit (PAT) | ₹85.63 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 7.8% | ||||
| Net Profit Margin | 4% | ||||
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To see the full financial statements and ratios of Happy Reliable Surgeries Private Limited, buy the company report.
Board of directors of Happy Reliable Surgeries Private Limited
Happy Reliable Surgeries has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mihir Chhaya | Nominee Director | 29 Mar 2025 | 1 Years 6 Months | Current |
| Shweta Paliwal | Nominee | 01 Jan 2015 | 11 Years 9 Months | Current |
| Arpit Paliwal | Director | 01 Jan 2015 | 11 Years 9 Months | Current |
| Saurabh Rajan Nair Also directs: Zoivane Naturale Cosmetics Private Limited, Genexis Biotech Private Limited, Biokraft Foods Private Limited and 5 more | Nominee Director | 14 Nov 2025 | 0 Years 11 Months | Current |
| Vijaya Kannan Raghavan | Nominee Director | 14 Nov 2025 | 0 Years 11 Months | Current |
Auditor
Happy Reliable Surgeries Private Limited is audited by DSKP & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DSKP & Co | FY 2023 | 221270 |
Shareholding
The shareholding of Happy Reliable Surgeries Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Happy Reliable Surgeries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.4 Cr
Satisfied charges
₹80 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jul 2025 | 101136905 | Others | ₹2.4 Cr | Open | |
| 28 Dec 2020 | 100408398 | Others | ₹55 Lakh | Satisfied | |
| 30 Oct 2018 | 100221477 | Yes Bank Limited | ₹25 Lakh | Satisfied |
To see the full charge records of Happy Reliable Surgeries Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Happy Reliable Surgeries Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹64.89 Cr; the latest was in November 2025.
Total deals
5
Funding rounds
3
Secondary share transfers
2
Disclosed funding
₹64.89 Cr
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2025 | Funding round · Pre-Series A | ₹44.33 Cr | Investors: GVFL, Physis Capital, India EXIM Bank, an individual |
| May 2022 | Funding round | ₹20 Cr | Investors: Pro India Capital Multipliers Private Limited |
| Nov 2018 | Secondary share transfer | Undisclosed | Buyer: IIM Calcutta Innovation Park Seller: an individual |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Happy Reliable Surgeries 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 Happy Reliable Surgeries 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 Happy Reliable Surgeries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Happy Reliable Surgeries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCH5418B1ZU | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Happy Reliable Surgeries Private Limited, buy the company report.
Recent activity
Happy Reliable Surgeries Private Limited has 7 board changes on record since 2015: 5 appointments and 2 cessations. The latest: Saurabh Rajan Nair was appointed as Nominee Director on 14 Nov 2025.
Appointed
Saurabh Rajan Nair was appointed as Nominee Director.
Appointed
Vijaya Kannan Raghavan was appointed as Nominee Director.
Charges
A charge with Others amounted to Rs. 240.00 Lakh with Charge ID 101136905 was registered on 18 Jul 2025.
Appointed
Mihir Chhaya was appointed as Nominee Director.
Charges
A charge registered on 28 Dec 2020 via Charge ID 100408398 with Others was fully satisfied on 16 Jan 2025.
AGM
Happy Reliable Surgeries Private Limited last Annual general meeting of members was held on 26 Sep 2024 as per latest MCA records.
Ceased
Mihir Chhaya ceased to be Additional Director.
Ceased
Ritesh Yarlagadda ceased to be Additional Director.
Filing
Happy Reliable Surgeries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 55.00 Lakh with Charge ID 100408398 was registered on 28 Dec 2020.
Charges
A charge registered on 30 Oct 2018 via Charge ID 100221477 with Yes Bank Limited was fully satisfied on 03 Oct 2020.
Charges
A charge with Yes Bank Limited amounted to Rs. 25.00 Lakh with Charge ID 100221477 was registered on 30 Oct 2018.
3 earlier events are in the company report.
Frequently asked questions
Happy Reliable Surgeries is an active private limited company based in Bangalore, Karnataka, India. The company works in healthtech and medical tech solutions, within the healthcare industry. It was incorporated on 01 January 2015 (11+ years old) and is registered under CIN U33110KA2015PTC078056.
Happy Reliable Surgeries has 5 current directors:
- Mihir Chhaya - Nominee Director
- Arpit Paliwal - Director
- Saurabh Rajan Nair - Nominee Director
- Vijaya Kannan Raghavan - Nominee Director
- Shweta Paliwal - Nominee
The latest financial statements of Happy Reliable Surgeries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Happy Reliable Surgeries is 29AADCH5418B1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Happy Reliable Surgeries is U33110KA2015PTC078056. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Happy Reliable Surgeries was incorporated on 01 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Happy Reliable Surgeries has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹64.89 Cr; the latest was in November 2025.
Saurabh Rajan Nair was appointed as Nominee Director on 14 Nov 2025. Vijaya Kannan Raghavan was appointed as Nominee Director on 14 Nov 2025. Mihir Chhaya was appointed as Nominee Director on 29 Mar 2025. Happy Reliable Surgeries has 7 board changes on record in total.
Yes, Happy Reliable Surgeries is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0054134).
Happy Reliable Surgeries can be reached through the website hrsnavigation.com. Its registered office is in Bangalore, Karnataka, India.