MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-24-0016798
Medinnova Systems Private Limited - healthcare in Manjusar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹50.73 Cr
▲ 30% YoY
Net profit · FY 2025
₹62.92 Lakh
Net margin 1.2%
EBITDA · FY 2025
₹2.16 Cr
EBITDA margin 4.3%
Authorised capital
₹75 Lakh
Registered with MCA
Paid-up capital
₹72.33 Lakh
Issued & subscribed
Open charges
₹13.5 Cr
Secured borrowings
Company age
20 yrs
Est. 2006
Employees · EPFO
61
Provident fund records
About Medinnova Systems Private Limited
Data last updated:
Medinnova Systems Private Limited is a private limited company based in Manjusar, Gujarat, India. It operates in the diagnostic centers and pathology labs segment of the healthcare sector. It was incorporated on 23 December 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U36109GJ2006PTC049637. Its GSTIN is 24AAKCS5265N1ZS (Gujarat).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹72.33 Lakh. It was formerly known as Soma Tech Private Limited. It is led by directors Biharilal Parikh and Kaushal Biharibhai Parikh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at E114 GIDC Savli At Manjusar, Gujarat, India – 391775.
As per the financials filed for FY 2025, the company reported a revenue of ₹50.73 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net profit of ₹62.92 Lakh (net margin 1.2%) and EBITDA of ₹2.16 Cr (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 47% over five years.
The company has about 61 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Medinnova Systems. As per MCA filings, the company has open charges of ₹13.5 Cr on record. Court records list 25 cases involving the company, including 12 filed by the company and 13 filed against it; 5 cases are pending.
Medinnova Systems Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0016798). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website medinnovasystems.com.
Company details
CIN U36109GJ2006PTC049637
Registration Number 049637
Incorporation Date 23 December 2006
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-24-0016798
Recognitions & Rankings of Medinnova Systems
Contact details
Medinnova Systems Private Limited's registered office is in Manjusar, Gujarat. Its website is medinnovasystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressE114 GIDC Savli At Manjusar, Gujarat, India – 391775
- IndustryHealthcare, Diagnostic Centers & Pathology Labs, Medical Equipment Retail & Distribution
To see the full contact details of Medinnova Systems Private Limited, buy the company report.
Comprehensive company report
Medinnova Systems 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
Medinnova Systems operates one associated brand: Medinnova Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supply of refurbished medical equipment and related services in India. | medinnovasystems.com |
Business activity
The main business activity of Medinnova Systems 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 Medinnova Systems Private Limited, buy the company report.
Financials of Medinnova Systems Private Limited
FY 2024 filings availableMedinnova Systems Private Limited reported revenue of ₹50.73 Cr (up 30% YoY) for FY 2025.
Revenue · FY 2025
₹50.73 Cr ▲ 30%
Net profit · FY 2025
₹62.92 Lakh margin 1.2%
EBITDA · FY 2025
₹2.16 Cr margin 4.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 30%
3 years · compounded
▲ 21%
5 years · compounded
▲ 47%
EBITDA CAGR growth
1 year
▲ 67%
3 years · compounded
▲ 54%
5 years · compounded
▲ 65%
Revenue has grown at a compounded annual rate (CAGR) of 47% over five years, including 30% growth in the latest year. EBITDA rose 67% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹62.92 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.3% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Medinnova Systems Private Limited, buy the company report.
Board of directors of Medinnova Systems Private Limited
Medinnova Systems has 2 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 |
|---|---|---|---|---|
| Biharilal Parikh | Director | 29 Sep 2012 | 14 Years 1 Months | Current |
| Kaushal Biharibhai Parikh | Director | 22 Sep 2014 | 12 Years 1 Months | Current |
Auditor
Medinnova Systems Private Limited is audited by Natvarlal Vepari & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Natvarlal Vepari & Company | FY 2023 | 123626W |
Shareholding
The shareholding of Medinnova Systems 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 Medinnova Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2023 | 100694015 | Others | ₹10 Cr | Open | |
| 24 Mar 2023 | 100694019 | Others | ₹1.5 Cr | Open | |
| 21 Jan 2022 | 100548685 | Axis Bank Limited | ₹2 Cr | Open |
To see the full charge records of Medinnova Systems Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Medinnova Systems Private Limited has 25 court cases on record: 12 filed by Medinnova Systems, 13 filed against it. 5 cases are pending and 20 are disposed.
Total cases
25
Filed by the company
12
Filed against the company
13
Pending
5
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 12 | 3 |
| High courts | 4 | 1 | 2 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Court case (TAXAP) | Filed by the company against Deputy Commissioner of Income Tax Circle 2(1)(2) | Pending |
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| High Court, GUJARAT | Court case (TAXAP) | Filed by the company against The Principal Commissioner of Income Tax 2 | Pending |
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed by the company against Dr. Varun Gunturu Proprietor, Dr. Varun Cardiac Sciences Pharmacy and Dr. Varun Cardiac Science | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by The Registrar of Companies | Disposed |
To see the full case history of Medinnova Systems Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Medinnova Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Medinnova Systems Private Limited has a workforce of 61 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
61
Active EPFO establishments
1
Employee growth
29.79%
GST
Medinnova Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCS5265N1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Medinnova Systems Private Limited, buy the company report.
Recent activity
Medinnova Systems Private Limited has 8 board changes on record since 2010: 2 appointments and 6 cessations. The latest: Jaishiv Jayant Desai ceased to be Director on 07 Nov 2014.
AGM
Medinnova Systems Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others of Rs. 1,000.00 Lakh registered on 24 Mar 2023 with Charge ID 100694015 was modified on 07 Aug 2024.
Filing
Medinnova Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 150.00 Lakh registered on 24 Mar 2023 with Charge ID 100694019 was modified on 29 Mar 2023.
Charges
A charge with Others amounted to Rs. 150.00 Lakh with Charge ID 100694019 was registered on 24 Mar 2023.
Charges
A charge with Others amounted to Rs. 1,000.00 Lakh with Charge ID 100694015 was registered on 24 Mar 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 200.00 Lakh with Charge ID 100548685 was registered on 21 Jan 2022.
Ceased
Jaishiv Jayant Desai ceased to be Director.
Ceased
Kaushal Biharibhai Parikh ceased to be Additional Director.
Appointed
Kaushal Biharibhai Parikh was appointed as Director.
Appointed
Biharilal Parikh was appointed as Director.
Ceased
Hiren Desai ceased to be Director.
4 earlier events are in the company report.
Frequently asked questions
Medinnova Systems is an active private limited company based in Manjusar, Gujarat, India. The company works in diagnostic centers and pathology labs, within the healthcare industry. It was incorporated on 23 December 2006 (20+ years old) and is registered under CIN U36109GJ2006PTC049637.
Medinnova Systems has 2 current directors:
- Biharilal Parikh - Director
- Kaushal Biharibhai Parikh - Director
The latest financial statements of Medinnova Systems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Medinnova Systems is 24AAKCS5265N1ZS, registered in Gujarat.
The CIN (Corporate Identification Number) of Medinnova Systems is U36109GJ2006PTC049637. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Medinnova Systems has 25 court cases on record: 12 filed by the company and 13 filed against it. 5 are pending. Most are in the district courts.
Medinnova Systems was incorporated on 23 December 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jaishiv Jayant Desai ceased to be Director on 07 Nov 2014. Kaushal Biharibhai Parikh ceased to be Additional Director on 30 Sep 2014. Kaushal Biharibhai Parikh was appointed as Director on 22 Sep 2014. Medinnova Systems has 8 board changes on record in total.
Yes, Medinnova Systems is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0016798).
Medinnova Systems can be reached through the website medinnovasystems.com. Its registered office is in Manjusar, Gujarat, India.
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