MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0043580
Hester Diagnostics Private Limited - healthcare in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹120.23 Cr
▲ 29% YoY
Net profit · FY 2025
₹4.15 Cr
Net margin 3.5%
EBITDA · FY 2025
₹6.6 Cr
EBITDA margin 5.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹11.51 Cr
Satisfied ₹3.84 Cr
Company age
28 yrs
Est. 1998
Directors on board
4
As per MCA filings
About Hester Diagnostics Private Limited
Data last updated:
Hester Diagnostics Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 09 June 1998 and has been in existence for over 28 years.
Its director Rajiv Gandhi and family are #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85195MH1998PTC115289. Its GSTIN is 27AAACH5528F1ZQ (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Sanjiv Dinesh Gandhi and Nina Rajiv Gandhi.
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 213 To 216 Jolly Bhavan No 1 10 New Marine Lines Vitthaldas Thackarsey Marg Churchgate, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2025, the company reported a revenue of ₹120.23 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹4.15 Cr (net margin 3.5%) and EBITDA of ₹6.6 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 14% over five years.
The company is associated with 1 brand: Hester Diagnostics. As per MCA filings, the company has open charges of ₹11.51 Cr and satisfied charges of ₹3.84 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2013. Its 10 peer companies in the Healthcare industry (Healthcare Equipment Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Sysmed Exim Private Limited with revenue of ₹125.82 Cr.
Hester Diagnostics Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0043580). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hesterdiagnostics.com.
Company Details of Hester Diagnostics Private Limited
CIN U85195MH1998PTC115289
Registration Number 115289
Incorporation Date 09 June 1998
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0043580
Recognitions & Rankings of Hester Diagnostics
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,608 Rajiv Gandhi & family ₹1,200 Cr
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address213 To 216 Jolly Bhavan No 1 10 New Marine Lines Vitthaldas Thackarsey Marg Churchgate, Mumbai, Maharashtra, India – 400020
- IndustryHealthcare, Medical Equipment Retail & Distribution
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Associated Brands with Hester Diagnostics Private Limited
Hester Diagnostics operates one associated brand: Hester Diagnostics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Medical devices distribution, diagnostics marketing, and healthcare products in the Indian market. | hesterdiagnostics.com |
Business Activity of Hester Diagnostics Private Limited
The main business activity of Hester Diagnostics is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
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Turnover share and past changes in activity are in the company report.
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Financials of Hester Diagnostics Private Limited FY 2025 filings available
Hester Diagnostics Private Limited reported revenue of ₹120.23 Cr (up 29% YoY) for FY 2025.
Revenue · FY 2025
₹120.23 Cr ▲ 29%
Net profit · FY 2025
₹4.15 Cr margin 3.5%
EBITDA · FY 2025
₹6.6 Cr margin 5.5%
Compounded Annual Growth Rate (CAGR) of Hester Diagnostics Private Limited
Revenue CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 14%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 4%
5 years · compounded
▲ 6%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 29% growth in the latest year. EBITDA fell 7% 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 Hester Diagnostics Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹6.6 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.15 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 of Hester Diagnostics Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Hester Diagnostics are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Hester Diagnostics Private Limited
Hester Diagnostics has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjiv Dinesh Gandhi | Director | 09 Jun 1998 | 28 Years 4 Months | Current |
| Nina Rajiv Gandhi Also directs: Biolink Healthcare Limited, Hester Coatings LLP, Texas Lifesciences Private Limited and 1 more | Director | 09 Jun 1998 | 28 Years 4 Months | Current |
| Hetal Sanjiv Gandhi Also directs: Biolink Healthcare Limited | Director | 09 Jun 1998 | 28 Years 4 Months | Current |
| Rajiv Dinesh Gandhi Also directs: Hester Biosciences Limited, Biolink Healthcare Limited, Hester Coatings LLP and 5 more | Director | 09 Jun 1998 | 28 Years 4 Months | Current |
Peer Comparison of Hester Diagnostics Private Limited
Hester Diagnostics Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sysmed Exim Private Limited | ₹125.82 Cr (FY 2024) | •••• | •••• | -57.0% | •••• | Mohali, Punjab, India |
| Bet Medical Private Limited | ₹125.6 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Chennai, Tamil Nadu, India |
| Vatech India Private Limited | ₹125.12 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Delhi, India |
| Instrumentation Laboratory India Private Limited | ₹124.11 Cr (FY 2022) | •••• | •••• | -4.0% | •••• | New Delhi, Delhi, India |
| Jaggi Enterprises Private Limited | ₹123.9 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Hester Diagnostics Private Limited this company | ₹120.23 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Mumbai, Maharashtra, India |
| Skinnovation Private Limited | ₹116.54 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Marlecha's Scientific & Chemicals Private Limited | ₹114.97 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Chennai, Tamil Nadu, India |
| Kopran Laboratories Limited | ₹112.82 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Devi Pharma Wellness Private Limited | ₹112.45 Cr (FY 2025) | •••• | •••• | •••• | Thiruvananthapuram, Kerala, India | |
| K L B Instruments Company Private Limited | ₹111.47 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Hester Diagnostics by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Hester Diagnostics Private Limited
Hester Diagnostics Private Limited is audited by I. O. DHARIA AND CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| I. O. DHARIA AND CO. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Hester Diagnostics Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Hester Diagnostics Private Limited
Open charges
₹11.51 Cr
Satisfied charges
₹3.84 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Aug 2022 | Others | ₹51.4 Lakh | Open |
| 03 Apr 2002 | Others | ₹11 Cr | Open |
| 28 Sep 2013 | Central Bank of India | ₹3.15 Cr | Satisfied |
| 07 Jan 2009 | Central Bank of India Limited | ₹9 Lakh | Satisfied |
| 10 May 1999 | Central Bank of India | ₹60 Lakh | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Hester Diagnostics Private Limited
Hester Diagnostics Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2013.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
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Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Hester Diagnostics Private Limited
Hester Diagnostics Private Limited has 2 court cases on record: 1 filed by Hester Diagnostics, 1 filed against it. All cases are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Boston Scientific Corp | Disposed |
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Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Hester Diagnostics Private Limited
Employment history and EPFO contributions of people linked to Hester Diagnostics.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Hester Diagnostics Private Limited
Hester Diagnostics Private Limited has 4 board changes on record since 1998: 4 appointments. The latest: Hetal Sanjiv Gandhi was appointed as Director on 09 Jun 1998.
AGM
Hester Diagnostics Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 1,100.00 Lakh registered on 03 Apr 2002 with Charge ID 90143864 was modified on 26 Sep 2025.
Filing
Hester Diagnostics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 51.40 Lakh with Charge ID 100609528 was registered on 01 Aug 2022.
Charges
A charge registered on 28 Sep 2013 via Charge ID 10461508 with Central Bank Of India was fully satisfied on 25 Feb 2020.
Charges
A charge registered on 07 Jan 2009 via Charge ID 10149970 with Central Bank Of India Limited was fully satisfied on 25 Feb 2020.
Charges
A charge registered on 10 May 1999 via Charge ID 90142414 with Central Bank Of India was fully satisfied on 25 Feb 2020.
Charges
A charge with Central Bank Of India amounted to Rs. 315.00 Lakh with Charge ID 10461508 was registered on 28 Sep 2013.
Charges
A charge with Central Bank Of India Limited amounted to Rs. 9.00 Lakh with Charge ID 10149970 was registered on 07 Jan 2009.
Charges
A charge with Others amounted to Rs. 1,100.00 Lakh with Charge ID 90143864 was registered on 03 Apr 2002.
Charges
A charge with Central Bank Of India amounted to Rs. 60.00 Lakh with Charge ID 90142414 was registered on 10 May 1999.
Appointed
Hetal Sanjiv Gandhi was appointed as Director.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hester Diagnostics Private Limited
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MSME Payment Delays by Hester Diagnostics Private Limited
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Subsidiaries & Group Companies of Hester Diagnostics Private Limited
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Corporate group structure
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GST Compliance of Hester Diagnostics Private Limited
Hester Diagnostics has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH5528F1ZQ | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Hester Diagnostics Private Limited
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Frequently Asked Questions about Hester Diagnostics Private Limited
Hester Diagnostics is an active private limited company based in Mumbai, Maharashtra, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 09 June 1998 (28+ years old) and is registered under CIN U85195MH1998PTC115289.
Hester Diagnostics reported revenue of ₹120.23 Cr for FY 2025 (up 29% YoY).
Hester Diagnostics has 4 current directors:
- Sanjiv Dinesh Gandhi - Director
- Nina Rajiv Gandhi - Director
- Hetal Sanjiv Gandhi - Director
- Rajiv Dinesh Gandhi - Director
Hester Diagnostics reported a net profit of ₹4.15 Cr (net margin 3.5%) and EBITDA of ₹6.6 Cr (EBITDA margin 5.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hester Diagnostics is 14% over three years and 14% over five years. In the latest year (FY 2025) revenue rose 29%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hester Diagnostics is 27AAACH5528F1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Hester Diagnostics is U85195MH1998PTC115289. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hester Diagnostics has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the high courts.
Hester Diagnostics was incorporated on 09 June 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Hester Diagnostics has 1 deal on record (1 secondary share transfer); the latest was in March 2013.
The peers of Hester Diagnostics by revenue are Sysmed Exim Private Limited, Bet Medical Private Limited, Vatech India Private Limited, Instrumentation Laboratory India Private Limited, Jaggi Enterprises Private Limited and 5 more, all in the Healthcare industry (Healthcare Equipment Retail and Distribution).