DPIIT recognised startup Government of India
Startup India
Mivonix Devices Private Limited - healthcare in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.13 Cr
▲ 200% YoY
Net profit · FY 2024
₹7.69 Lakh
Net margin 3.6%
EBITDA · FY 2024
₹11.92 Lakh
EBITDA margin 5.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Mivonix Devices Private Limited
Data last updated:
Mivonix Devices Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 23 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC105825. Its GSTIN is 29AALCM2828A1ZJ (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Shivanand Somashekhar Kerudi (Managing Director) and Yashaswini Benakanahalli Manjappa.
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 No. 1693/A/32 1st Floor Dr. Rajkumar Road Prakash Nagar, Bangalore, Karnataka, India – 560021.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.13 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹7.69 Lakh (net margin 3.6%) and EBITDA of ₹11.92 Lakh (EBITDA margin 5.6%). Revenue has grown at a compounded annual rate (CAGR) of 218% over three years and 31% over five years.
Mivonix Devices Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0006329). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mivonix.com.
Company details
CIN U74999KA2017PTC105825
Registration Number 105825
Incorporation Date 23 August 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0006329
Key People
Shivanand Somashekhar Kerudi Managing Director Yashaswini Benakanahalli Manjappa Director Recognitions & Rankings of Mivonix Devices
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0006329
Contact details
Mivonix Devices Private Limited's registered office is in Bangalore, Karnataka. Its website is mivonix.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo. 1693/A/32 1st Floor Dr. Rajkumar Road Prakash Nagar, Bangalore, Karnataka, India – 560021
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Mivonix Devices Private Limited, buy the company report.
Comprehensive company report
Mivonix Devices 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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Business activity
The main business activity of Mivonix Devices 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 Mivonix Devices Private Limited, buy the company report.
Financials of Mivonix Devices Private Limited
FY 2025 filings availableMivonix Devices Private Limited reported revenue of ₹2.13 Cr (up 200% YoY) for FY 2024.
Revenue · FY 2024
₹2.13 Cr ▲ 200%
Net profit · FY 2024
₹7.69 Lakh margin 3.6%
EBITDA · FY 2024
₹11.92 Lakh margin 5.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 200%
3 years · compounded
▲ 218%
5 years · compounded
▲ 31%
EBITDA CAGR growth
1 year
▲ 169%
3 years · compounded
▲ 113%
5 years · compounded
▲ 23%
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 200% growth in the latest year. EBITDA rose 169% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹11.92 Lakh | ||||
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| Net Profit (PAT) | ₹7.69 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 5.6% | ||||
| Net Profit Margin | 3.6% | ||||
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To see the full financial statements and ratios of Mivonix Devices Private Limited, buy the company report.
Board of directors of Mivonix Devices Private Limited
Mivonix Devices has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivanand Somashekhar Kerudi | Managing Director | 23 Aug 2017 | 9 Years 2 Months | Current |
| Yashaswini Benakanahalli Manjappa | Director | 23 Aug 2017 | 9 Years 2 Months | Current |
Peer comparison
Mivonix Devices 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 |
|---|---|---|---|---|---|---|
| Susruta Instruments Private Limited | ₹2.15 Cr (FY 2025) | -9.0% | Ahmedabad, Gujarat, India | |||
| Mivonix Devices Private Limitedthis company | ₹2.13 Cr (FY 2024) | ₹7.69 Lakh | 3.6% | 200.0% | Bangalore, Karnataka, India | |
| Electrogenics Innovations Private Limited | ₹2.13 Cr (FY 2025) | 91.0% | Ahmedabad, Gujarat, India | |||
| Modular Hospitech Private Limited | ₹2.12 Cr (FY 2024) | 47.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Mivonix Devices Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mivonix Devices 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 Mivonix Devices Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mivonix Devices has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCM2828A1ZJ | Karnataka | Active | 11 Dec 2017 |
To see the full GST registrations and return filing status of Mivonix Devices Private Limited, buy the company report.
Recent activity
Mivonix Devices Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Shivanand Somashekhar Kerudi was appointed as Managing Director on 23 Aug 2017.
AGM
Mivonix Devices Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mivonix Devices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Shivanand Somashekhar Kerudi was appointed as Managing Director.
Appointed
Yashaswini Benakanahalli Manjappa was appointed as Director.
Incorporation
23 Aug 2017
Mivonix Devices Private Limited was registered on 23 Aug 2017 with Roc Bangalore & aged 9 years 2 months as per MCA records.
Frequently asked questions
Mivonix Devices is an active private limited company based in Bangalore, Karnataka, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 23 August 2017 (9+ years old) and is registered under CIN U74999KA2017PTC105825.
Mivonix Devices has 2 current directors:
- Shivanand Somashekhar Kerudi - Managing Director
- Yashaswini Benakanahalli Manjappa - Director
The latest financial statements of Mivonix Devices 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 FY 2018 are in the company report.
The GSTIN of Mivonix Devices is 29AALCM2828A1ZJ, registered in Karnataka.
The CIN (Corporate Identification Number) of Mivonix Devices is U74999KA2017PTC105825. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mivonix Devices was incorporated on 23 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mivonix Devices by revenue are Susruta Instruments Private Limited, Electrogenics Innovations Private Limited, Modular Hospitech Private 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).
Shivanand Somashekhar Kerudi was appointed as Managing Director on 23 Aug 2017. Yashaswini Benakanahalli Manjappa was appointed as Director on 23 Aug 2017.
Yes, Mivonix Devices is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Mivonix Devices is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0006329).
Mivonix Devices can be reached through the website mivonix.com. Its registered office is in Bangalore, Karnataka, India.