About Meril Life Sciences Private Limited
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Meril Life Sciences 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 19 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24239GJ2007PTC051137. Its GSTIN is 24AAFCM1444G1ZT (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹99.36 Cr. It is led by directors including Nanubhai Premjibhai Bambharolia (Whole-Time Director) and Rajnikant Gandalal Vyas (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bilakhia House Survey No. 135/139 Muktanand Marg Chala, Vapi, Gujarat, India – 396191.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,729.52 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹425.45 Cr (net margin 24.6%) and EBITDA of ₹646.12 Cr (EBITDA margin 37.4%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years and 32% over five years.
The company has about 1,584 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 4 brands: Myval, Misso, Merilvet and Meril. As per MCA filings, the company has open charges of ₹788.45 Cr and satisfied charges of ₹228.76 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 2 cases are pending. The company has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹113.05 Cr; the latest was in March 2023. Its 3 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 smaller; the largest is Becton Dickinson India Private Limited. with revenue of ₹1,621.05 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2024, listing 132 overdue payments to 25 micro and small suppliers.
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
Contact details
Meril Life Sciences 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 AddressBilakhia House Survey No. 135/139 Muktanand Marg Chala, Vapi, Gujarat, India – 396191
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Meril Life Sciences Private Limited, buy the company report.
- 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
Brands
Meril Life Sciences operates multiple associated brands including Myval, Misso, and Merilvet. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers a transcatheter aortic heart valve replacement system. | myval.com | |
| MISSO provides robotic assistance for accurate joint replacements using 3D scans. | misso.ai | |
| Medical device innovation in orthopedics, endo-surgery, and diagnostics. | merilvet.com | |
| Developer of medical devices for surgeries and diagnosis | merillife.com |
Business activity
The main business activity of Meril Life Sciences 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 Life Sciences Private Limited, buy the company report.
Financials of Meril Life Sciences Private Limited
FY 2025 filings availableMeril Life Sciences Private Limited reported revenue of ₹1,729.52 Cr (up 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 44% growth in the latest year. EBITDA rose 107% 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 | ₹1,729.52 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹646.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹425.45 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 | 37.4% | ||||
| Net Profit Margin | 24.6% | ||||
| 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 Life Sciences Private Limited, buy the company report.
Board of directors of Meril Life Sciences Private Limited
Meril Life Sciences has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nanubhai Premjibhai Bambharolia Also directs: Maxwell Eco-Green Private Limited, Milestone Holdings & Infrastructure Private Limited, Mitsu Private Limited and 2 more | Whole-Time Director | 19 Jun 2007 | 19 Years 4 Months | Current |
| Rajnikant Gandalal Vyas Also directs: Meril Diagnostics Private Limited, Meril Endo Surgery Private Limited, Mapel Infrastructure Private Limited and 2 more | Whole-Time Director | 20 Oct 2010 | 16 Years 0 Months | Current |
| Hemchandra Yadunandan Panjikar | Director | 11 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
Meril Life Sciences Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Meril Life Sciences Private Limitedthis company | ₹1,729.52 Cr (FY 2025) | ₹425.45 Cr | 24.6% | 44.0% | 1,584 | Vapi, Gujarat, India |
| Becton Dickinson India Private Limited. | ₹1,621.05 Cr (FY 2025) | 19.0% | New Delhi, Delhi, India | |||
| Meril Healthcare Private Limited | ₹1,411.5 Cr (FY 2025) | 20.0% | Vapi, Gujarat, India | |||
| Borosil Limited | ₹1,134.78 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Meril Life Sciences Private Limited, buy the company report.
Auditor
Meril Life Sciences 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 Life Sciences Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Meril Life Sciences Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Nov 2024 | 101013269 | Others | ₹144 Cr | Open | |
| 13 Jun 2023 | 100738279 | Others | ₹146 Cr | Open | |
| 28 Sep 2021 | 100487012 | Others | ₹110 Cr | Open | |
| 25 Jun 2019 | 100273444 | Hdfc Bank Limited | ₹120 Cr | Open | |
| 07 Jun 2019 | 100270162 | Others | ₹20 Cr | Open |
To see the full charge records of Meril Life Sciences Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Meril Life Sciences Private Limited has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹113.05 Cr; the latest was in March 2023.
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Micro Life Sciences Private Limited Seller: M3 Investments |
| Mar 2011 | Funding round | ₹58.35 Cr | Investors: Micro Life Sciences Private Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Micro Life Sciences Private Limited Seller: an individual |
| Oct 2008 | Funding round | ₹1 Cr | Investors: an individual |
To see the full deal history of Meril Life Sciences 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 Life Sciences Private Limited has 8 court cases on record: 2 filed by Meril Life Sciences, 6 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 1 |
| District courts | 2 | 2 | 1 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Union of India | Pending |
| District court, Valsad, Gujarat | Commercial matter | Filed against the company by Natec Medical Ltd, Through Its Authorized Representative Ms. Shabnam Gungabissoon Lebellec | Pending |
| High Court, GUJARAT | Appeal | Filed against the company by M/S Natec Medical Ltd. | Disposed |
| District court, Valsad, Gujarat | Court case (CMA DC) | Filed against the company by M/S Natec Medical Ltd Through Its Authorized Representattive Ms. Shabnam Gungabissoon Lebellec | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Assistant Commissioner of Income Tax Vapi Circle Vapi | Disposed |
To see the full case history of Meril Life Sciences 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 Life Sciences 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 Life Sciences Private Limited, buy the company report.
MSME payment delays
Meril Life Sciences Private Limited has 5 MSME Form 1 returns on record between 2019 and 2024, listing 132 overdue payments to 25 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 25)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Databank Computer Services | |||
| Bombay Tools Supplying Agency | |||
| Prakash Teleservices Private Limited | |||
| an individual supplier | |||
| Life Line Surgichem (India) Private Limited |
To see the full MSME payment records of Meril Life Sciences Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Meril Life Sciences has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Meril Life Sciences India Private Limited | U33110GJ1999PTC060787 |
To see the full group structure of Meril Life Sciences Private Limited, buy the company report.
Employees & EPFO
Meril Life Sciences Private Limited has a workforce of 1,584 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.
GST
Meril Life Sciences has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCM1444G1ZT | Gujarat | Active | 01 Jul 2017 |
| 27AAFCM1444G1ZN | Maharashtra | Active | 22 Aug 2017 |
To see the full GST registrations and return filing status of Meril Life Sciences Private Limited, buy the company report.
Recent activity
Meril Life Sciences Private Limited has 10 board changes on record since 2007: 3 appointments and 7 cessations. The latest: Hemchandra Yadunandan Panjikar ceased to be Additional Director on 08 Sep 2023.
30 earlier events are in the company report.
News
Frequently asked questions
Meril Life Sciences 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 19 June 2007 (19+ years old) and is registered under CIN U24239GJ2007PTC051137.
Meril Life Sciences has 3 current directors:
- Nanubhai Premjibhai Bambharolia - Whole-Time Director
- Rajnikant Gandalal Vyas - Whole-Time Director
- Hemchandra Yadunandan Panjikar - Director
The latest financial statements of Meril Life Sciences on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Meril Life Sciences is 24AAFCM1444G1ZT, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAFCM1444G1ZN (Maharashtra).
The CIN (Corporate Identification Number) of Meril Life Sciences is U24239GJ2007PTC051137. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Meril Life Sciences has 8 court cases on record: 2 filed by the company and 6 filed against it. 2 are pending. Most are in the high courts.
Meril Life Sciences was incorporated on 19 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Meril Life Sciences has 6 deals on record (4 funding rounds, 2 secondary share transfers), with disclosed funding of ₹113.05 Cr; the latest was in March 2023.
The peers of Meril Life Sciences by revenue are Becton Dickinson India Private Limited, Meril Healthcare Private Limited, Borosil Limited, 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).
Hemchandra Yadunandan Panjikar ceased to be Additional Director on 08 Sep 2023. Hemchandra Yadunandan Panjikar was appointed as Director on 11 Mar 2023. Dinesh Jain ceased to be Company Secretary on 07 Mar 2020. Meril Life Sciences has 10 board changes on record in total.
Meril Life Sciences has 5 MSME Form 1 returns on record between 2019 and 2024, listing 132 overdue payments to 25 micro and small suppliers. The latest return was filed on 27 Apr 2024.
Meril Life Sciences can be reached through the website merillife.com. Its registered office is in Vapi, Gujarat, India.