MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-25-0000710
Meril Endo Surgery Private Limited - healthcare in Vapi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹367.52 Cr
▲ 11% YoY
Net profit · FY 2025
₹33.91 Cr
Net margin 9.2%
EBITDA · FY 2025
₹75.5 Cr
EBITDA margin 20.5%
Authorised capital
₹235 Cr
Registered with MCA
Paid-up capital
₹233.52 Cr
Issued & subscribed
Open charges
₹270.7 Cr
Satisfied ₹79.32 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
365
Provident fund records
About Meril Endo Surgery Private Limited
Data last updated:
Meril Endo Surgery Private Limited is a private limited company based in Vapi, Gujarat, India, a subsidiary of Micro Life Sciences Private Limited. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 10 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U33110GJ2011PTC065366. Its GSTIN is 24AAHCM1942P1Z5 (Gujarat). The company holds 11 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹235 Cr and a paid-up capital of ₹233.52 Cr. It is led by directors Rajnikant Gandalal Vyas (Whole-Time Director) and Hemchandra Yadunandan Panjikar.
Its last annual general meeting (AGM) was held on 26 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 135/139 Bilakhia House Muktanand Marg Chala, Vapi, Gujarat, India – 396191.
As per the financials filed for FY 2025, the company reported a revenue of ₹367.52 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹33.91 Cr (net margin 9.2%) and EBITDA of ₹75.5 Cr (EBITDA margin 20.5%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 25% over five years.
The company has about 365 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Meril. As per MCA filings, the company has open charges of ₹270.7 Cr and satisfied charges of ₹79.32 Cr on record. Court records list 17 cases involving the company, including 17 filed by the company; 3 cases are pending. The company has 8 deals on record (3 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹192 Cr; the latest was in May 2022. Its 6 peer companies in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 3 larger and 3 smaller; the largest is Wipro Ge Medical Device Manufacturing Private Limited with revenue of ₹460.95 Cr. The company has 10 MSME Form 1 returns on record between 2018 and 2024, listing 105 overdue payments to 17 micro and small suppliers.
Meril Endo Surgery Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0000710). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website merillife.com.
Company details
CIN U33110GJ2011PTC065366
Registration Number 065366
Incorporation Date 10 May 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Micro Life Sciences Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-25-0000710
Recognitions & Rankings of Meril Endo Surgery
Contact details
Meril Endo Surgery Private Limited's registered office is in Vapi, Gujarat. Its website is merillife.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 135/139 Bilakhia House Muktanand Marg Chala, Vapi, Gujarat, India – 396191
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Meril Endo Surgery Private Limited, buy the company report.
Comprehensive company report
Meril Endo Surgery 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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Secure checkout · GST invoice included
Brands
Meril Endo Surgery operates one associated brand: Meril. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of medical devices for surgeries and diagnosis | merillife.com |
Business activity
The main business activity of Meril Endo Surgery 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 Meril Endo Surgery Private Limited, buy the company report.
Financials of Meril Endo Surgery Private Limited
FY 2025 filings availableMeril Endo Surgery Private Limited reported revenue of ₹367.52 Cr (up 11% YoY) for FY 2025.
Revenue · FY 2025
₹367.52 Cr ▲ 11%
Net profit · FY 2025
₹33.91 Cr margin 9.2%
EBITDA · FY 2025
₹75.5 Cr margin 20.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 30%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 68%
3 years · compounded
▲ 226%
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 11% growth in the latest year. EBITDA rose 68% 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 | |||||
| Total Revenue | ₹367.52 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹75.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹33.91 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.5% | ||||
| Net Profit Margin | 9.2% | ||||
| 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 Meril Endo Surgery Private Limited, buy the company report.
Board of directors of Meril Endo Surgery Private Limited
Meril Endo Surgery has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajnikant Gandalal Vyas Also directs: Meril Life Sciences Private Limited, Meril Diagnostics Private Limited, Mapel Infrastructure Private Limited and 2 more | Whole-Time Director | 10 May 2011 | 15 Years 5 Months | Current |
| Hemchandra Yadunandan Panjikar | Director | 07 Jul 2015 | 11 Years 3 Months | Current |
Peer comparison
Meril Endo Surgery Private Limited is compared with the 6 companies closest to it by revenue in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wipro Ge Medical Device Manufacturing Private Limited | ₹460.95 Cr (FY 2025) | 39.0% | Bangalore, Karnataka, India | |||
| Meril Diagnostics Private Limited | ₹443.81 Cr (FY 2025) | 42.0% | Vapi, Gujarat, India | |||
| Dynamic Techno Medicals Private Limited | ₹375.5 Cr (FY 2025) | 10.0% | Ernakulam, Kerala, India | |||
| Meril Endo Surgery Private Limitedthis company | ₹367.52 Cr (FY 2025) | ₹33.91 Cr | 9.2% | 11.0% | 365 | Vapi, Gujarat, India |
| Teleflex Medical Private Limited | ₹325.62 Cr (FY 2025) | 18.0% | Bengaluru, Karnataka, India | |||
| Sensa Core Medical Instrumentation Private Limited | ₹320.78 Cr (FY 2025) | 0.0% | Pashamylaram, Telangana, India | |||
| B L Lifesciences Private Limited | ₹286.64 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India |
To see the full peer comparison of Meril Endo Surgery Private Limited, buy the company report.
Auditor
Meril Endo Surgery Private Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2025 | 117366W/W-100018 |
Shareholding
The shareholding of Meril Endo Surgery Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Meril Endo Surgery Private Limited, buy the company report.
Charges & borrowings
Open charges
₹270.7 Cr
Satisfied charges
₹79.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Aug 2026 | 101382398 | Axis Bank Limited | ₹37 Cr | Open | |
| 19 Oct 2023 | 100800452 | Others | ₹43.2 Cr | Open | |
| 25 Jun 2019 | 100273449 | Hdfc Bank Limited | ₹40 Cr | Open | |
| 12 Aug 2015 | 10589016 | Others | ₹34 Cr | Open | |
| 30 Jul 2014 | 10516123 | Others | ₹16.5 Cr | Open |
To see the full charge records of Meril Endo Surgery Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Meril Endo Surgery Private Limited has 8 deals on record (3 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹192 Cr; the latest was in May 2022.
Total deals
8
Funding rounds
3
Secondary share transfers
2
Acquisitions
2
Rights issue
1
Disclosed funding
₹192 Cr
Deals on record (4 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2022 | Secondary share transfer | Undisclosed | Buyer: Micro Life Sciences Private Limited Seller: Bilakhia Holdings Private Limited , M3 Investment Private Limited |
| May 2022 | Rights issue | ₹93.7 Cr | Investors: Micro Life Sciences Private Limited |
| Nov 2019 | Acquisition | ₹23 Cr | Buyer: Micro Life Sciences Private Limited |
| Mar 2012 | Acquisition | ₹9.99 Cr | Buyer: Micro Life Sciences Private Limited |
To see the full deal history of Meril Endo Surgery 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
Meril Endo Surgery Private Limited has 17 court cases on record: 17 filed by Meril Endo Surgery. 3 cases are pending and 14 are disposed.
Total cases
17
Filed by the company
17
Pending
3
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 0 | 3 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against individuals | Pending |
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Saral Enterprises and 1 other | Pending |
| District court, Valsad, Gujarat | Commercial matter | Filed by the company against M/S Vibgyor Enterprises Partnership Firm and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against individuals | Disposed |
To see the full case history of Meril Endo Surgery 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.
Credit ratings & regulatory alerts
Meril Endo Surgery Private Limited was last rated by Care on 27 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 27 Sep 2022 |
To see the full credit ratings and regulatory alerts of Meril Endo Surgery Private Limited, buy the company report.
MSME payment delays
Meril Endo Surgery Private Limited has 10 MSME Form 1 returns on record between 2018 and 2024, listing 105 overdue payments to 17 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 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mettler-Toledo India Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Prakash Teleservices Private Limited |
To see the full MSME payment records of Meril Endo Surgery Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Meril Endo Surgery Private Limited has a workforce of 365 employees on its EPFO records as of Oct 08, 2025, across 1 active EPFO establishment.
Employee count
365
Active EPFO establishments
1
Employee growth
-28.15%
GST
Meril Endo Surgery has 11 GST registrations: 4 active and 7 cancelled or inactive.
Total GSTINs
11
Active
4
Cancelled / inactive
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCM1942P1Z5 | Gujarat | Active | 01 Jul 2017 |
| 24AAHCM1942P2Z4 | Gujarat | Active | 01 Oct 2023 |
| 27AAHCM1942P1ZZ | Maharashtra | Active | 21 Aug 2017 |
| 26AAHCM1942P1Z1 | Daman & Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Meril Endo Surgery Private Limited, buy the company report.
Recent activity
Meril Endo Surgery Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Prashant Arunkumar Mehta ceased to be Company Secretary on 15 Nov 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 37.00 Cr with Charge ID 101382398 was registered on 20 Aug 2026.
Charges
A charge registered on 26 Feb 2021 via Charge ID 100426684 with Others was fully satisfied on 22 Apr 2026.
Charges
A charge registered on 31 Dec 2020 via Charge ID 100407681 with Others was fully satisfied on 22 Apr 2026.
Charges
A charge with Axis Bank Limited of Rs. 100.00 Cr registered on 29 Apr 2014 with Charge ID 10493790 was modified on 25 Mar 2026.
Charges
A charge registered on 12 Jul 2022 via Charge ID 100601176 with Standard Chartered Bank was fully satisfied on 06 Mar 2026.
AGM
Meril Endo Surgery Private Limited last Annual general meeting of members was held on 26 Aug 2025 as per latest MCA records.
Filing
Meril Endo Surgery Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 34.00 Cr registered on 12 Aug 2015 with Charge ID 10589016 was modified on 29 Jun 2024.
Ceased
Prashant Arunkumar Mehta ceased to be Company Secretary.
Charges
A charge with Others amounted to Rs. 43.20 Cr with Charge ID 100800452 was registered on 19 Oct 2023.
Charges
A charge with Standard Chartered Bank amounted to Rs. 40.00 Cr with Charge ID 100601176 was registered on 12 Jul 2022.
Charges
A charge registered on 22 May 2017 via Charge ID 100103077 with Others was fully satisfied on 12 Apr 2022.
15 earlier events are in the company report.
News
Frequently asked questions
Meril Endo Surgery is an active private limited company based in Vapi, Gujarat, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 10 May 2011 (15+ years old) and is registered under CIN U33110GJ2011PTC065366.
Meril Endo Surgery has 2 current directors:
- Rajnikant Gandalal Vyas - Whole-Time Director
- Hemchandra Yadunandan Panjikar - Director
The latest financial statements of Meril Endo Surgery on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Meril Endo Surgery is 24AAHCM1942P1Z5, registered in Gujarat. The company has 11 GST registrations in all, of which 4 are active and 7 are cancelled or inactive. Other active GSTINs include 24AAHCM1942P2Z4 (Gujarat), 27AAHCM1942P1ZZ (Maharashtra), 26AAHCM1942P1Z1 (Daman & Diu).
The CIN (Corporate Identification Number) of Meril Endo Surgery is U33110GJ2011PTC065366. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Meril Endo Surgery has 17 court cases on record: 17 filed by the company. 3 are pending.
Meril Endo Surgery was incorporated on 10 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Meril Endo Surgery has 8 deals on record (3 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹192 Cr; the latest was in May 2022.
The peers of Meril Endo Surgery by revenue are Wipro Ge Medical Device Manufacturing Private Limited, Meril Diagnostics Private Limited, Dynamic Techno Medicals Private Limited, Teleflex Medical Private Limited, Sensa Core Medical Instrumentation Private Limited and 1 more, all in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Prashant Arunkumar Mehta ceased to be Company Secretary on 15 Nov 2023. Hemchandra Yadunandan Panjikar was appointed as Director on 07 Jul 2015. Pramodkumar Minocha ceased to be Director on 07 Jul 2015. Meril Endo Surgery has 4 board changes on record in total.
Yes, Meril Endo Surgery is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-25-0000710).
Meril Endo Surgery has 10 MSME Form 1 returns on record between 2018 and 2024, listing 105 overdue payments to 17 micro and small suppliers. The latest return was filed on 29 Apr 2024.