MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-25-0000013
Meril Diagnostics Private Limited - healthcare in Vapi, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹443.81 Cr
▲ 42% YoY
Net profit · FY 2025
₹57.06 Cr
Net margin 12.9%
EBITDA · FY 2025
₹75.62 Cr
EBITDA margin 17%
Authorised capital
₹293 Cr
Registered with MCA
Paid-up capital
₹292.47 Cr
Issued & subscribed
Open charges
₹118.44 Cr
Satisfied ₹45 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
672
Provident fund records
About Meril Diagnostics Private Limited
Data last updated:
Meril Diagnostics 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 18 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U33110GJ2011PTC064994. Its GSTIN is 24AAHCM1404G1ZZ (Gujarat). The company holds 19 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹293 Cr and a paid-up capital of ₹292.47 Cr. It is led by directors Pramodkumar Minocha and Rajnikant Gandalal Vyas.
Its last annual general meeting (AGM) was held on 16 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 ₹443.81 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹57.06 Cr (net margin 12.9%) and EBITDA of ₹75.62 Cr (EBITDA margin 17%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 28% over five years.
The company has about 672 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 ₹118.44 Cr and satisfied charges of ₹45 Cr on record. Court records list 43 cases involving the company, including 42 filed by the company and 1 filed against it; 13 cases are pending. The company has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹291.99 Cr; the latest was in May 2022. Its 5 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, 2 larger and 3 smaller; the largest is BPL Medical Technologies Private Limited with revenue of ₹515.74 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 157 overdue payments to 22 micro and small suppliers.
Meril Diagnostics Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0000013). 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 U33110GJ2011PTC064994
Registration Number 064994
Incorporation Date 18 April 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 16 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-25-0000013
Recognitions & Rankings of Meril Diagnostics
Contact details
Meril Diagnostics 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 Diagnostics Private Limited, buy the company report.
Comprehensive company report
Meril Diagnostics 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Meril Diagnostics 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 Diagnostics 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 Diagnostics Private Limited, buy the company report.
Financials of Meril Diagnostics Private Limited
FY 2025 filings availableMeril Diagnostics Private Limited reported revenue of ₹443.81 Cr (up 42% YoY) for FY 2025.
Revenue · FY 2025
₹443.81 Cr ▲ 42%
Net profit · FY 2025
₹57.06 Cr margin 12.9%
EBITDA · FY 2025
₹75.62 Cr margin 17%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 42%
3 years · compounded
▲ 4%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▲ 197%
3 years · compounded
▼ 9%
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 42% growth in the latest year. EBITDA rose 197% 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 | ₹443.81 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹75.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹57.06 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 | 17% | ||||
| Net Profit Margin | 12.9% | ||||
| 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 Diagnostics Private Limited, buy the company report.
Board of directors of Meril Diagnostics Private Limited
Meril Diagnostics has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pramodkumar Minocha Also directs: Micro Life Sciences Private Limited, Meril Healthcare Private Limited, Meril Life Sciences India Private Limited and 2 more | Director | 18 Apr 2011 | 15 Years 6 Months | Current |
| Rajnikant Gandalal Vyas Also directs: Meril Life Sciences Private Limited, Meril Endo Surgery Private Limited, Mapel Infrastructure Private Limited and 2 more | Director | 18 Apr 2011 | 15 Years 6 Months | Current |
Peer comparison
Meril Diagnostics Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| BPL Medical Technologies Private Limited | ₹515.74 Cr (FY 2025) | 1.0% | Bangalore, Karnataka, India | |||
| Wipro Ge Medical Device Manufacturing Private Limited | ₹460.95 Cr (FY 2025) | 39.0% | Bangalore, Karnataka, India | |||
| Meril Diagnostics Private Limitedthis company | ₹443.81 Cr (FY 2025) | ₹57.06 Cr | 12.9% | 42.0% | 672 | Vapi, Gujarat, India |
| Dynamic Techno Medicals Private Limited | ₹375.5 Cr (FY 2025) | 10.0% | Ernakulam, Kerala, India | |||
| Meril Endo Surgery Private Limited | ₹367.52 Cr (FY 2025) | 11.0% | Vapi, Gujarat, India | |||
| Teleflex Medical Private Limited | ₹325.62 Cr (FY 2025) | 18.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of Meril Diagnostics Private Limited, buy the company report.
Auditor
Meril Diagnostics 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 Diagnostics 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 Diagnostics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹118.44 Cr
Satisfied charges
₹45 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2020 | 100407676 | Others | ₹1.24 Cr | Open | |
| 25 Jun 2019 | 100273448 | Hdfc Bank Limited | ₹20 Cr | Open | |
| 03 Dec 2014 | 10539550 | Axis Bank Limited | ₹29.7 Cr | Open | |
| 30 Jul 2014 | 10516119 | Kotak Mahindra Bank Limited | ₹12.5 Cr | Open | |
| 03 Sep 2013 | 10450874 | Others | ₹55 Cr | Open |
To see the full charge records of Meril Diagnostics Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Meril Diagnostics Private Limited has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹291.99 Cr; the latest was in May 2022.
Total deals
6
Funding rounds
4
Rights issue
1
Secondary share transfer
1
Disclosed funding
₹291.99 Cr
Deals on record (3 of 6)
| 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 | ₹21.5 Cr | Investors: Micro Life Sciences Private Limited |
| Mar 2012 | Funding round | ₹9.99 Cr | Investors: Micro Life Sciences Private Limited |
To see the full deal history of Meril Diagnostics 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 Diagnostics Private Limited has 43 court cases on record: 42 filed by Meril Diagnostics, 1 filed against it. 13 cases are pending and 30 are disposed.
Total cases
43
Filed by the company
42
Filed against the company
1
Pending
13
Disposed
30
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 42 | 1 | 13 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against Neulabs India Life Sciences Private Limited and 1 other | Pending |
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against Voxtur Bio Ltd. and 1 other | Disposed |
| District court, South East, Delhi | Civil suit | Filed against the company by M/S J. Mitra and Co. Pvt Ltd | Disposed |
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Valsad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Meril Diagnostics 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 Diagnostics 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 Diagnostics Private Limited, buy the company report.
MSME payment delays
Meril Diagnostics Private Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 157 overdue payments to 22 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 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Prakash Teleservices Private Limited | |||
| an individual supplier | |||
| Databank Computer Services | |||
| Teamlease Regtech Private Limited |
To see the full MSME payment records of Meril Diagnostics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Meril Diagnostics Private Limited has a workforce of 672 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.
Employee count
672
Active EPFO establishments
1
Employee growth
15.46%
GST
Meril Diagnostics has 19 GST registrations: 6 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
19
Active
6
Cancelled / inactive
13
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCM1404G1ZZ | Gujarat | Active | 01 Jul 2017 |
| 24AAHCM1404G3ZX | Gujarat | Active | 04 Jul 2024 |
| 27AAHCM1404G1ZT | Maharashtra | Active | 01 Jul 2017 |
| 19AAHCM1404G2ZP | West Bengal | Active | 11 Jul 2024 |
To see the full GST registrations and return filing status of Meril Diagnostics Private Limited, buy the company report.
Recent activity
Meril Diagnostics Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Mukeshkumar Ganeshbhai Kanazariya ceased to be Company Secretary on 31 Oct 2022.
AGM
Meril Diagnostics Private Limited last Annual general meeting of members was held on 16 Aug 2025 as per latest MCA records.
Filing
Meril Diagnostics 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. 55.00 Cr registered on 03 Sep 2013 with Charge ID 10450874 was modified on 29 Jun 2024.
Ceased
Mukeshkumar Ganeshbhai Kanazariya ceased to be Company Secretary.
Charges
A charge registered on 19 Jan 2019 via Charge ID 100233870 with Others was fully satisfied on 07 May 2021.
Charges
A charge registered on 30 Dec 2016 via Charge ID 100072659 with Others was fully satisfied on 07 May 2021.
Charges
A charge with Others amounted to Rs. 1.24 Cr with Charge ID 100407676 was registered on 31 Dec 2020.
Charges
A charge with Axis Bank Limited of Rs. 29.70 Cr registered on 03 Dec 2014 with Charge ID 10539550 was modified on 30 Dec 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.00 Cr with Charge ID 100273448 was registered on 25 Jun 2019.
Charges
A charge registered on 31 Dec 2014 via Charge ID 10539257 with Rbl Bank Limited was fully satisfied on 31 Mar 2019.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100233870 was registered on 19 Jan 2019.
Charges
A charge registered on 19 Feb 2014 via Charge ID 10478353 with The Ratnakar Bank Limited was fully satisfied on 07 May 2018.
9 earlier events are in the company report.
News
Frequently asked questions
Meril Diagnostics 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 18 April 2011 (15+ years old) and is registered under CIN U33110GJ2011PTC064994.
Meril Diagnostics has 2 current directors:
- Pramodkumar Minocha - Director
- Rajnikant Gandalal Vyas - Director
The latest financial statements of Meril Diagnostics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Meril Diagnostics is 24AAHCM1404G1ZZ, registered in Gujarat. The company has 19 GST registrations in all, of which 6 are active and 13 are cancelled or inactive. Other active GSTINs include 24AAHCM1404G3ZX (Gujarat), 27AAHCM1404G1ZT (Maharashtra), 19AAHCM1404G2ZP (West Bengal).
The CIN (Corporate Identification Number) of Meril Diagnostics is U33110GJ2011PTC064994. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Meril Diagnostics has 43 court cases on record: 42 filed by the company and 1 filed against it. 13 are pending. Most are in the district courts.
Meril Diagnostics was incorporated on 18 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Meril Diagnostics has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹291.99 Cr; the latest was in May 2022.
The peers of Meril Diagnostics by revenue are BPL Medical Technologies Private Limited, Wipro Ge Medical Device Manufacturing Private Limited, Dynamic Techno Medicals Private Limited, Meril Endo Surgery Private Limited, Teleflex Medical 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).
Mukeshkumar Ganeshbhai Kanazariya ceased to be Company Secretary on 31 Oct 2022. Pramodkumar Minocha was appointed as Director on 18 Apr 2011. Rajnikant Gandalal Vyas was appointed as Director on 18 Apr 2011.
Yes, Meril Diagnostics is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-25-0000013).
Meril Diagnostics has 15 MSME Form 1 returns on record between 2019 and 2024, listing 157 overdue payments to 22 micro and small suppliers. The latest return was filed on 27 Apr 2024.