About Merit Medical Systems India Private Limited
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Merit Medical Systems India Private Limited is a foreign private limited company based in Bengaluru, Karnataka, India, a subsidiary of Merit Holdings Inc.. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 29 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85100MH2012FTC227516. Its GSTIN is 29AAICM0505F1ZQ (Karnataka).
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹8.2 Lakh. It is led by directors including Kathirvelu Balasubramaniyan (Whole-Time Director) and Brian Glen Lloyd.
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 404 & 405 4th Floor H. M. Geneva House 14 Cunningham Road, Bengaluru, Karnataka, India – 560052.
As per the financials filed for FY 2025, the company reported a revenue of ₹42.15 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹8.31 Cr (net margin 19.7%) and EBITDA of ₹11.58 Cr (EBITDA margin 27.5%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 34% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Merit Medical. As per MCA filings, the company has open charges of ₹15 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website merit.com.
Company details
Contact details
Merit Medical Systems India Private Limited's registered office is in Bengaluru, Karnataka. Its website is merit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address404 & 405 4th Floor H. M. Geneva House 14 Cunningham Road, Bengaluru, Karnataka, India – 560052
- IndustryHealthcare, Medical Equipment Retail & Distribution
To see the full contact details of Merit Medical Systems India 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
Merit Medical Systems India operates one associated brand: Merit Medical. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Medical devices for cardiology and radiology procedures are manufactured. | merit.com |
Business activity
The main business activities of Merit Medical Systems India are trade and professional, scientific and technical. In detail, this covers wholesale trading and advertising and market research. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M6 | Advertising and market research |
To see the full business activity and turnover split of Merit Medical Systems India Private Limited, buy the company report.
Financials of Merit Medical Systems India Private Limited
FY 2025 filings availableMerit Medical Systems India Private Limited reported revenue of ₹42.15 Cr (up 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 36% growth in the latest year. EBITDA rose 82% 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 |
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| EBITDA | ₹11.58 Cr | ||||
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| Net Profit (PAT) | ₹8.31 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 27.5% | ||||
| Net Profit Margin | 19.7% | ||||
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To see the full financial statements and ratios of Merit Medical Systems India Private Limited, buy the company report.
Board of directors of Merit Medical Systems India Private Limited
Merit Medical Systems India has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Brian Glen Lloyd | Director | 21 Aug 2018 | 8 Years 2 Months | Current |
| Kathirvelu Balasubramaniyan | Whole-Time Director | 06 Dec 2017 | 8 Years 11 Months | Current |
| Christian Adam Smith | Director | 04 Feb 2025 | 1 Years 9 Months | Current |
Peer comparison
Merit Medical Systems India Private Limited is compared with the 7 companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Isens Biosensors India Private Limited | ₹43.58 Cr (FY 2025) | 21.0% | Gurgaon, Haryana, India | |||
| Erica Enterprises Private Limited. | ₹43.38 Cr (FY 2024) | 2.0% | Delhi, India | |||
| J.K. Medico Private Limited | ₹42.97 Cr (FY 2025) | 13.0% | Rajkot, Gujarat, India | |||
| Value Pharma Holistic Remedies Private Limited | ₹42.23 Cr (FY 2024) | 24.0% | Hyderabad, Telangana, India | |||
| Merit Medical Systems India Private Limitedthis company | ₹42.15 Cr (FY 2025) | ₹8.31 Cr | 19.7% | 36.0% | 18 | Bengaluru, Karnataka, India |
| Aswini Health Specialities (India) Private Limited | ₹41.68 Cr (FY 2025) | 21.0% | Ernakulam, Kerala, India | |||
| Kannu Impex (India) Private Limited | ₹41.2 Cr (FY 2024) | 6.0% | Delhi, India | |||
| Libral Traders Private Limited | ₹41.16 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India |
To see the full peer comparison of Merit Medical Systems India Private Limited, buy the company report.
Auditor
Merit Medical Systems India Private Limited is audited by SINGHI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGHI & CO | FY 2019 | 302049E |
Shareholding
The shareholding of Merit Medical Systems India Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Merit Medical Systems India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2023 | 100790204 | The Hongkong and Shanghai Banking Corporation Limited | ₹15 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Merit Medical Systems India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Merit Medical Systems India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Merit Medical Systems India Private Limited has a workforce of 18 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Merit Medical Systems India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICM0505F1ZQ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merit Medical Systems India Private Limited, buy the company report.
Recent activity
Merit Medical Systems India Private Limited has 14 board changes on record since 2015: 4 appointments and 10 cessations. The latest: Christian Adam Smith ceased to be Additional Director on 29 Sep 2025.
6 earlier events are in the company report.
News
Frequently asked questions
Merit Medical Systems India is an active foreign private limited company based in Bengaluru, Karnataka, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 29 February 2012 (14+ years old) and is registered under CIN U85100MH2012FTC227516.
Merit Medical Systems India has 3 current directors:
- Kathirvelu Balasubramaniyan - Whole-Time Director
- Brian Glen Lloyd - Director
- Christian Adam Smith - Director
The latest financial statements of Merit Medical Systems India 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 2015 are in the company report.
The GSTIN of Merit Medical Systems India is 29AAICM0505F1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Merit Medical Systems India is U85100MH2012FTC227516. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merit Medical Systems India was incorporated on 29 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Merit Medical Systems India by revenue are Isens Biosensors India Private Limited, Erica Enterprises Private Limited, J.K. Medico Private Limited, Value Pharma Holistic Remedies Private Limited, Aswini Health Specialities (India) Private Limited and 2 more, all in the Healthcare industry (Healthcare Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Christian Adam Smith ceased to be Additional Director on 29 Sep 2025. Christian Adam Smith was appointed as Director on 04 Feb 2025. Brian Glen Lloyd ceased to be Additional Director on 28 Sep 2018. Merit Medical Systems India has 14 board changes on record in total.
Merit Medical Systems India can be reached through the website merit.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Merit Medical Systems India is at 404 & 405 4th Floor H. M. Geneva House 14 Cunningham Road, Bengaluru, Karnataka, India – 560052.
Merit Medical Systems India operates in the healthcare industry, in the medical equipment retail and distribution segment.
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