About Mindray Medical India Pvt. Ltd.
Data last updated:
Mindray Medical India Pvt. Ltd. is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mr Global (Hk) Ltd. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 05 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51101MH2007PTC166751. Its GSTIN is 27AAFCM0089D1ZM (Maharashtra). The company holds 9 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.76 Cr. It is led by directors including Zhang Qiang and Palash Banerjee.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 10 6th Fl Solitaire Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,216.99 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹18.56 Cr (net margin 1.5%) and EBITDA of ₹27.95 Cr (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 44% over five years.
The company has about 182 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mindray. Court records list 12 cases involving the company, including 3 filed by the company and 5 filed against it; 4 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹34.76 Cr; the latest was in March 2017. Its 10 peer companies in the Healthcare industry (Medical and Laboratory Equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Poly Medicure Limited. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 178 overdue payments to 32 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 mindrayindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit No. 1061 In Solitaire Building No. 10 6th Fl Solitaire Corporate Park 167 Guruhargovi, Ndji Marg, Mumbai, Maharashtra, India – 400093
- 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 Mindray Medical India Pvt. Ltd.
The main business activity of Mindray Medical India is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Mindray Medical India Pvt. Ltd. FY 2025 filings available
Mindray Medical India Pvt. Ltd. reported revenue of ₹1,216.99 Cr (up 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mindray Medical India Pvt. Ltd.
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 16% growth in the latest year. EBITDA fell 33% 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 Mindray Medical India Pvt. Ltd.
| 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 | ₹27.95 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18.56 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 of Mindray Medical India Pvt. Ltd.
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.5% | •••• | •••• | •••• | •••• |
| 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 Mindray Medical India 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 Mindray Medical India Pvt. Ltd.
Mindray Medical India Pvt. Ltd. is compared with the companies closest to it by revenue in the Healthcare industry (Medical and Laboratory Equipment). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Poly Medicure Limited Listed | •••• | •••• | •••• | •••• | 1,574 | New Delhi, Delhi, India |
| Meril Life Sciences Private Limited | •••• | •••• | •••• | •••• | 1,742 | Vapi, Gujarat, India |
| Becton Dickinson India Private Limited. | •••• | •••• | •••• | •••• | 653 | New Delhi, Delhi, India |
| Transasia Bio-Medicals Limited | •••• | •••• | •••• | •••• | 1,355 | Mumbai, Maharashtra, India |
| Meril Healthcare Private Limited | •••• | •••• | •••• | •••• | 1,010 | Vapi, Gujarat, India |
| Mindray Medical India Pvt. Ltd. this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Borosil Limited Listed | •••• | •••• | •••• | •••• | 692 | Mumbai, Maharashtra, India |
| Himedia Laboratories Private Limited | •••• | •••• | •••• | •••• | 916 | Thane, Maharashtra, India |
| Sahajanand Medical Technologies Limited | •••• | •••• | •••• | •••• | 1,070 | Surat, Gujarat, India |
| Molbio Diagnostics Limited | •••• | •••• | •••• | •••• | 714 | Salcete, Goa, India |
| Fresenius Medical Care India Private Limited | •••• | •••• | •••• | •••• | 432 | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Mindray Medical India by revenue in the Healthcare industry (Medical and Laboratory Equipment), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Mindray Medical India Pvt. Ltd.
Mindray Medical India Pvt. Ltd. is audited by SN Dhawan & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SN Dhawan & Co. LLP | 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 Mindray Medical India Pvt. Ltd.
Mindray Medical India has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Zhang Qiang | Director | 07 May 2013 | 13 Years 5 Months | Current |
| Palash Banerjee | Director | 21 Jan 2022 | 4 Years 8 Months | Current |
| Kewen Xu | Director | 21 Jan 2022 | 4 Years 8 Months | Current |
Ownership and Shareholding of Mindray Medical India Pvt. Ltd.
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 Mindray Medical India Pvt. Ltd.
Mindray Medical India Pvt. Ltd. does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Mindray Medical India Pvt. Ltd.
Mindray Medical India Pvt. Ltd. has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹34.76 Cr; the latest was in March 2017.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: MR Global (HK) Limited Seller: MR Investment (HK) Limited, Mindray Research & Development Limited |
| Jan 2014 | Funding round | ₹33.6 Cr | Investors: MR Investment (HK) Limited |
| Jan 2011 | Funding round | ₹1.16 Cr | Investors: Mindray Global Limited, Mindray Research & Development Limited |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Mindray Medical India Pvt. Ltd.
Mindray Medical India Pvt. Ltd. has 12 court cases on record: 3 filed by Mindray Medical India, 5 filed against it, 4 where it is another party. 4 cases are pending and 8 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 5 | 4 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SAS Nagar, Punjab | Criminal miscellaneous application | Filed against the company by Acme Medical Services Private Limited | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against Vision Ray Health Care Private Limited | Disposed |
| District court, Chandigarh | Court case (CS CJ) | Filed against the company by Nectar Life Sciences Limited | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by Tata Teleservices Limited | Disposed |
| District court, SAS Nagar, Punjab | Appeal | Company is another party | Pending |
Full case history
All 12 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.
MSME Payment Delays by Mindray Medical India Pvt. Ltd.
Mindray Medical India Pvt. Ltd. has 11 MSME Form 1 returns on record between 2019 and 2023, listing 178 overdue payments to 32 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 32)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rakso Fashions | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| MDG Supply Chain Services Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Manish Freight and Logistics Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 11 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Mindray Medical India Pvt. Ltd.
Mindray Medical India operates one associated brand: Mindray. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of medical equipment & accessories for both human and veterinary | mindray.com |
Employees and EPFO Compliance at Mindray Medical India Pvt. Ltd.
Mindray Medical India Pvt. Ltd. has a workforce of 182 employees as of Jul 05, 2024.
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 Mindray Medical India Pvt. Ltd.
Mindray Medical India Pvt. Ltd. has 15 board changes on record since 2007: 9 appointments and 6 cessations. The latest: Kewen Xu was appointed as Director on 21 Jan 2022.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mindray Medical India Pvt. Ltd.
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.
Subsidiaries & Group Companies of Mindray Medical India Pvt. Ltd.
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 Mindray Medical India Pvt. Ltd.
Mindray Medical India has 9 GST registrations: 5 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM0089D1ZM | Maharashtra | Active | 01 Jul 2017 |
| 07AAFCM0089D1ZO | Delhi | Active | 01 Jul 2017 |
| 19AAFCM0089D1ZJ | West Bengal | Active | 01 Jul 2017 |
| 33AAFCM0089D1ZT | Tamil Nadu | 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 Mindray Medical India Pvt. Ltd.
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 Mindray Medical India Pvt. Ltd.
Mindray Medical India is an active private limited company based in Mumbai, Maharashtra, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 05 January 2007 (19+ years old) and is registered under CIN U51101MH2007PTC166751.
Mindray Medical India reported revenue of ₹1,216.99 Cr for FY 2025 (up 16% YoY).
Mindray Medical India has 3 current directors:
- Zhang Qiang - Director
- Palash Banerjee - Director
- Kewen Xu - Director
Mindray Medical India reported a net profit of ₹18.56 Cr (net margin 1.5%) and EBITDA of ₹27.95 Cr (EBITDA margin 2.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mindray Medical India is 16% over three years and 44% over five years. In the latest year (FY 2025) revenue rose 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mindray Medical India is 27AAFCM0089D1ZM, registered in Maharashtra. The company has 9 GST registrations in all, of which 5 are active and 4 are cancelled or inactive. Other active GSTINs include 07AAFCM0089D1ZO (Delhi), 19AAFCM0089D1ZJ (West Bengal), 33AAFCM0089D1ZT (Tamil Nadu).
The CIN (Corporate Identification Number) of Mindray Medical India is U51101MH2007PTC166751. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mindray Medical India has 12 court cases on record: 3 filed by the company and 5 filed against it. 4 are pending. Most are in the district courts.
Mindray Medical India was incorporated on 05 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Mindray Medical India has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹34.76 Cr; the latest was in March 2017.
The peers of Mindray Medical India by revenue are Poly Medicure Limited, Meril Life Sciences Private Limited, Becton Dickinson India Private Limited, Transasia Bio-Medicals Limited, Meril Healthcare Private Limited and 5 more, all in the Healthcare industry (Medical and Laboratory Equipment).
Kewen Xu was appointed as Director on 21 Jan 2022. Palash Banerjee was appointed as Director on 21 Jan 2022. Wenjing Chen ceased to be Director on 21 Jan 2022. Mindray Medical India has 15 board changes on record in total.