Invitro Research Solutions Private Limited

Invitro Research Solutions Private Limited - pharma in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U74999KA2016PTC095072 Incorporated 18 July 2016 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company pharma MSME · Small
Revenue · FY 2023
₹19.28 Cr
▲ 28% YoY
Net profit · FY 2023
₹1.05 Cr
Net margin 5.4%
EBITDA · FY 2023
₹4.99 Cr
EBITDA margin 25.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹2.22 Lakh
Issued & subscribed
Open charges
₹1.3 Cr
Satisfied ₹75 Lakh
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings

About Invitro Research Solutions Private Limited

Data last updated:

Invitro Research Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of The Sunseeker Trust. It operates in the pharma contract r and d segment of the pharmaceuticals sector. It was incorporated on 18 July 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC095072. Its GSTIN is 29AAGCB8222Q1Z2 (Karnataka).

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.22 Lakh. It was formerly known as Biostec Research Labs Private Limited. It is led by directors Subbaiah Muddanda Devaiah (Whole-Time Director) and Umesh Anantha Padmanabha Bisile (Whole-Time Director).

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 Bangalore, Karnataka.

As per the financials filed for FY 2023, the company reported a revenue of ₹19.28 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹1.05 Cr (net margin 5.4%) and EBITDA of ₹4.99 Cr (EBITDA margin 25.9%). Revenue has grown at a compounded annual rate (CAGR) of 93% over three years and 195% over five years.

The company is associated with 1 brand: iVRS. As per MCA filings, the company has open charges of ₹1.3 Cr and satisfied charges of ₹75 Lakh on record. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.2 Lakh; the latest was in February 2021. The company has 8 MSME Form 1 returns on record between 2017 and 2023, listing 362 overdue payments to 40 micro and small suppliers.

Invitro Research Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0084250). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ivrs.org.in.

Company details

CIN U74999KA2016PTC095072
Registration Number 095072
Incorporation Date 18 July 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Parent Company The Sunseeker Trust
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0084250
Key People
Subbaiah Muddanda Devaiah Whole-Time Director Umesh Anantha Padmanabha Bisile Whole-Time Director

Recognitions & Rankings of Invitro Research Solutions

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-03-0084250

Contact details

Invitro Research Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is ivrs.org.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    ivrs.org.in
  • Registered Address
    No 22 & 23, Kodigehalli Main Road, Bangalore, Karnataka, India – 560092
  • Industry
    Pharma, Pharma Contract R&D

To see the full contact details of Invitro Research Solutions Private Limited, buy the company report.

Comprehensive company report
Invitro Research Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Invitro Research Solutions operates one associated brand: iVRS. Each brand links to its own profile.

BrandDescriptionWebsite
iVRS
Offers clinical, analytical, and consulting research services for global pharmaceutical clients.ivrs.org.in

Financials of Invitro Research Solutions Private Limited

FY 2025 filings available

Invitro Research Solutions Private Limited reported revenue of ₹19.28 Cr (up 28% YoY) for FY 2023.

Revenue · FY 2023
₹19.28 Cr ▲ 28%
Net profit · FY 2023
₹1.05 Cr margin 5.4%
EBITDA · FY 2023
₹4.99 Cr margin 25.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 93%
5 years · compounded
▲ 195%
EBITDA CAGR growth
1 year
▲ 16%

Revenue has grown at a compounded annual rate (CAGR) of 195% over five years, including 28% growth in the latest year. EBITDA rose 16% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹19.28 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹4.99 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.05 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin25.9%
Net Profit Margin5.4%
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

To see the full financial statements and ratios of Invitro Research Solutions Private Limited, buy the company report.

Board of directors of Invitro Research Solutions Private Limited

Invitro Research Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Subbaiah Muddanda Devaiah
Also directs: Biostec Data Safety Services Private Limited
Whole-Time Director18 Jul 201610 Years 3 MonthsCurrent
Umesh Anantha Padmanabha Bisile
Also directs: Nextbio Research Private Limited, Biostec Data Safety Services Private Limited
Whole-Time Director26 Feb 20215 Years 8 MonthsCurrent
View all directors

Auditor

Invitro Research Solutions Private Limited is audited by M O J & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
M O J & ASSOCIATESFY 2023015425S

Shareholding

The shareholding of Invitro Research Solutions 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Invitro Research Solutions Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1.3 Cr
Satisfied charges
₹75 Lakh
Breakdown by lending institutions
Axis Bank Limited₹0.75 Cr
Others₹0.55 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
22 Mar 2025101096743Others₹26.88 LakhOpen
08 Dec 2023100838611Axis Bank Limited₹75 LakhOpen
25 Feb 2023100691855Others₹28.5 LakhOpen
13 Sep 2021100498498Others₹75 LakhSatisfied

To see the full charge records of Invitro Research Solutions Private Limited, buy the company report.

Total charge records: 4 View all charges

Deals & funding

Invitro Research Solutions Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.2 Lakh; the latest was in February 2021.

Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹1.2 Lakh

Deals on record (2 of 2)

WhenDealAmountParties
Feb 2021Secondary share transferUndisclosedBuyer: an individual
Seller: 2 individuals
Mar 2019Funding round₹1.2 LakhInvestors: Annette Peterfy Trustee Of The Sunseeker Trust

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Invitro Research Solutions Private Limited has 8 MSME Form 1 returns on record between 2017 and 2023, listing 362 overdue payments to 40 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 40)

SupplierAmount dueDue sinceReported on
Value Point Systems Private Limited
The Precision Scientific Co
an individual supplier
an individual supplier
Teena Bio Labs Private Limited

To see the full MSME payment records of Invitro Research Solutions Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Invitro Research Solutions has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAGCB8222Q1Z2KarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Invitro Research Solutions Private Limited, buy the company report.

Recent activity

Invitro Research Solutions Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Umesh Anantha Padmanabha Bisile ceased to be Additional Director on 30 Sep 2021.

AGM
Invitro Research Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Invitro Research Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 26.88 Lakh with Charge ID 101096743 was registered on 22 Mar 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 75.00 Lakh with Charge ID 100838611 was registered on 08 Dec 2023.
Charges
A charge with Others amounted to Rs. 28.50 Lakh with Charge ID 100691855 was registered on 25 Feb 2023.
Charges
A charge registered on 13 Sep 2021 via Charge ID 100498498 with Others was fully satisfied on 22 Dec 2021.
Ceased
Umesh Anantha Padmanabha Bisile ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 75.00 Lakh with Charge ID 100498498 was registered on 13 Sep 2021.
Appointed
Umesh Anantha Padmanabha Bisile was appointed as Whole-Time Director.
Ceased
Gayatri Ganapati Gurudatta ceased to be Additional Director.
Ceased
Subbaiah Muddanda Devaiah ceased to be Director.
Appointed
Subbaiah Muddanda Devaiah was appointed as Whole-Time Director.

1 earlier event is in the company report.

Frequently asked questions

Invitro Research Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in pharma contract r and d, within the pharma industry. It was incorporated on 18 July 2016 (10+ years old) and is registered under CIN U74999KA2016PTC095072.

Invitro Research Solutions has 2 current directors:

The latest financial statements of Invitro Research Solutions 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 2017 are in the company report.

The GSTIN of Invitro Research Solutions is 29AAGCB8222Q1Z2, registered in Karnataka.

The CIN (Corporate Identification Number) of Invitro Research Solutions is U74999KA2016PTC095072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Invitro Research Solutions was incorporated on 18 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.

Invitro Research Solutions has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹1.2 Lakh; the latest was in February 2021.

Umesh Anantha Padmanabha Bisile ceased to be Additional Director on 30 Sep 2021. Umesh Anantha Padmanabha Bisile was appointed as Whole-Time Director on 26 Feb 2021. Gayatri Ganapati Gurudatta ceased to be Additional Director on 30 Sep 2019. Invitro Research Solutions has 5 board changes on record in total.

Yes, Invitro Research Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0084250).

Invitro Research Solutions has 8 MSME Form 1 returns on record between 2017 and 2023, listing 362 overdue payments to 40 micro and small suppliers. The latest return was filed on 28 Aug 2023.

Invitro Research Solutions can be reached through the website ivrs.org.in. Its registered office is in Bangalore, Karnataka, India.