About Meditech Devices Private Limited
Data last updated:
Meditech Devices Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 13 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U33110GJ2012PTC072990. Its GSTIN is 24AAICM3681J1Z8 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹12.96 Lakh. It is led by directors including Pragnesh Keshavlal Modi (Managing Director) and Nilesh Keshavlal Modi (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 Plot No.: 24 Gujarat Pharma Techno Park Opp. Zydus Pharma SEZ Matoda Changodar, Ahmedabad, Gujarat, India – 382213.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.4 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹37.15 Lakh (net margin 1.3%) and EBITDA of ₹97.39 Lakh (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 14% over five years.
The company is associated with 1 brand: Meditech Devices. As per MCA filings, the company has open charges of ₹50 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website meditechdevices.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No.: 24 Gujarat Pharma Techno Park Opp. Zydus Pharma SEZ Matoda Changodar, Ahmedabad, Gujarat, India – 382213
- 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
Business Activity of Meditech Devices Private Limited
The main business activity of Meditech Devices is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Meditech Devices Private Limited FY 2025 filings available
Meditech Devices Private Limited reported revenue of ₹29.4 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Meditech Devices Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 18% growth in the latest year. EBITDA rose 147% 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 Meditech Devices 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 | ₹97.39 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹37.15 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Meditech Devices Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.3% | •••• | •••• | •••• | •••• |
| 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 Meditech Devices 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.
Peer Comparison of Meditech Devices Private Limited
Meditech Devices Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Medical Consumables, Medical and Laboratory Equipment). Its own revenue is ₹29.4 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Freedom Ophthalmic Private Limited | ₹29.97 Cr | ₹1.39 Cr | 5% | -6% | Aminjikarai, Chennai.29, Tamil Nadu, India | |
| Eon Meditech Private Limited | ₹29.91 Cr | ₹5.72 Cr | 19% | -77% | 203 | Surat, Gujarat, India |
| SDS Life Sciences Private Limited | ₹29.89 Cr | ₹1.91 Cr | 6% | -12% | New, Delhi, India | |
| Elico Ltd | ₹29.82 Cr | ₹20.95 Lakh | 1% | -50% | 1 | Hyderabad, Telangana, India |
| United Medi-Equip Private Limited | ₹29.79 Cr | ₹1.22 Cr | 4% | +6% | 44 | New, Delhi, India |
| Meditech Devices Private Limited this company | ₹29.4 Cr | ₹37.15 Lakh | 1.3% | Ahmedabad, Gujarat, India | ||
| Septodont Healthcare India Private Limited | ₹29.35 Cr | ₹1.42 Cr | -5% | -2% | 104 | Navi Mumbai, Maharashtra, India |
| Atomlife Healthcare and Research Private Limited | ₹29.2 Cr | ₹90.25 Lakh | 3% | +46% | 11 | Thiruvananthapuram, Kerala, India |
| K.S Pharma Solutions Private Limited | ₹29.05 Cr | ₹2.17 Cr | 7% | +84% | Mohali, Punjab, India | |
| Orion Sutures (India) Private Limited | ₹29.04 Cr | ₹1.46 Cr | 5% | +16% | 63 | Bangalore, Karnataka, India |
| Brisk Surgicals Cotton Limited | ₹28.91 Cr | ₹20 Lakh | 1% | +10% | Gandhinagar, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Meditech Devices by revenue in the Healthcare industry (Medical Consumables, Medical and Laboratory Equipment), from the latest filed financials of each company. Figures are as filed with the Ministry of Corporate Affairs or the stock exchanges.
Auditor Details of Meditech Devices Private Limited
Meditech Devices Private Limited is audited by S V RAVAL & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S V RAVAL & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Meditech Devices Private Limited
Meditech Devices has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilesh Keshavlal Modi | Whole-Time Director | 13 Dec 2012 | 13 Years 9 Months | Current |
| Het Nileshkumar Modi | Whole-Time Director | 17 Jun 2024 | 2 Years 3 Months | Current |
| Vidhi Pragnesh Modi | Whole-Time Director | 13 Dec 2012 | 13 Years 9 Months | Current |
| Pragnesh Keshavlal Modi | Managing Director | 13 Dec 2012 | 13 Years 9 Months | Current |
Ownership and Shareholding of Meditech Devices Private Limited
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 Meditech Devices Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Apr 2020 | Sidbi | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Meditech Devices Private Limited
Meditech Devices Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked on 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by State of Gujarat | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Meditech Devices Private Limited
Meditech Devices operates one associated brand: Meditech Devices. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of medical disposables for healthcare sectors including dialysis, ICU, oncology, and biopsy. | meditechdevices.com |
Employees and EPFO Compliance at Meditech Devices Private Limited
Employment history and EPFO contributions of people linked to Meditech Devices.
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.
Recent Activity on Meditech Devices Private Limited
Meditech Devices Private Limited has 9 board changes on record since 2012: 4 appointments and 5 cessations. The latest: Het Nileshkumar Modi ceased to be Additional Director on 24 Apr 2025.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Meditech Devices Private Limited
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 Meditech Devices Private Limited
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 Meditech Devices Private Limited
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.
GST Compliance of Meditech Devices Private Limited
Meditech Devices has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICM3681J1Z8 | Gujarat | Active | 01 Jul 2017 |
| 27AAICM3681J1Z2 | Maharashtra | 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.
MCA Filings & Documents of Meditech Devices Private Limited
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.
Frequently Asked Questions about Meditech Devices Private Limited
Meditech Devices is an active private limited company based in Ahmedabad, Gujarat, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 13 December 2012 (14+ years old) and is registered under CIN U33110GJ2012PTC072990.
Meditech Devices reported revenue of ₹29.4 Cr for FY 2025 (up 18% YoY).
Meditech Devices has 4 current directors:
- Pragnesh Keshavlal Modi - Managing Director
- Nilesh Keshavlal Modi - Whole-Time Director
- Het Nileshkumar Modi - Whole-Time Director
- Vidhi Pragnesh Modi - Whole-Time Director
Meditech Devices reported a net profit of ₹37.15 Lakh (net margin 1.3%) and EBITDA of ₹97.39 Lakh (EBITDA margin 3.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Meditech Devices is 29% over three years and 14% over five years. In the latest year (FY 2025) revenue rose 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Meditech Devices is 24AAICM3681J1Z8, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAICM3681J1Z2 (Maharashtra).
The CIN (Corporate Identification Number) of Meditech Devices is U33110GJ2012PTC072990. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Meditech Devices has 2 court cases on record: 2 filed against it.
Meditech Devices was incorporated on 13 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Meditech Devices by revenue are Freedom Ophthalmic Private Limited, Eon Meditech Private Limited, SDS Life Sciences Private Limited, Elico Ltd, United Medi-Equip Private Limited and 5 more, all in the Healthcare industry (Medical Consumables, Medical and Laboratory Equipment).
Het Nileshkumar Modi ceased to be Additional Director on 24 Apr 2025. Nilesh Keshavlal Modi ceased to be Director on 31 Mar 2025. Vidhi Pragnesh Modi ceased to be Director on 31 Mar 2025. Meditech Devices has 9 board changes on record in total.