About Mylab Discovery Solutions Private Limited
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Mylab Discovery Solutions Private Limited is a private limited company based in Lonawala, Maharashtra, India. It operates in the biotechnology segment of the life sciences sector. It was incorporated on 31 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2016PTC164780. Its GSTIN is 27AAKCM3531H1ZG (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹10.01 Cr. It is led by directors including Hasmukh Sohanraj Rawal (Managing Director) and Sujit Sohanlal Jain.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No 99 – B Lonavala Industrial Co – Operative Estate Ltd Nangargaon, Lonawala, Maharashtra, India – 410401.
As per the financials filed for FY 2024, the company reported a revenue of ₹153.08 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹1.84 Cr (net margin 1.2%) and EBITDA of ₹66.54 Cr (EBITDA margin 43.5%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 86% over five years.
The company has about 437 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 3 brands: NATSpert, Coviself and Mylab. As per MCA filings, the company has open charges of ₹213.53 Cr and satisfied charges of ₹57.5 Cr on record. Court records list 16 cases involving the company, including 16 filed against it; 9 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹51 Cr; the latest was in June 2023. The company has 5 MSME Form 1 returns on record between 2018 and 2022, listing 105 overdue payments to 16 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 mylabdiscoverysolutions.com.
Company details
Contact details
Mylab Discovery Solutions Private Limited's registered office is in Lonawala, Maharashtra. Its website is mylabdiscoverysolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 99 – B Lonavala Industrial Co – Operative Estate Ltd Nangargaon, Lonawala, Maharashtra, India – 410401
- IndustryLife Sciences, Biotechnology
To see the full contact details of Mylab Discovery Solutions 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
Mylab Discovery Solutions operates multiple associated brands including NATSpert, Coviself, and Mylab. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops diagnostic tests for clinical infections, cancer, agriculture, and DNA purification. | natspert.com | |
| Delivers comprehensive home-based diagnostic test kits for COVID-19. | coviself.com | |
| Developer of diagnostic kits for pathogen detection and viral load monitoring | mylabglobal.com |
Business activity
The main business activity of Mylab Discovery Solutions is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Mylab Discovery Solutions Private Limited, buy the company report.
Financials of Mylab Discovery Solutions Private Limited
FY 2024 filings availableMylab Discovery Solutions Private Limited reported revenue of ₹153.08 Cr (up 23% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 86% over five years, including 23% growth in the latest year. EBITDA rose 320% 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 | ₹66.54 Cr | ||||
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| Net Profit (PAT) | ₹1.84 Cr | ||||
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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 | 43.5% | ||||
| Net Profit Margin | 1.2% | ||||
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To see the full financial statements and ratios of Mylab Discovery Solutions Private Limited, buy the company report.
Board of directors of Mylab Discovery Solutions Private Limited
Mylab Discovery Solutions has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sujit Sohanlal Jain Also directs: Netsurf Entertainment LLP, Duo Hospitality LLP, Built to Live Realty Development No. 1 LLP and 5 more | Director | 01 Apr 2020 | 6 Years 6 Months | Current |
| Rahul Subhash Patil Also directs: Mylab Lifesolutions Private Limited | Director | 01 Jul 2019 | 7 Years 3 Months | Current |
| Gautam Ravishekhar Wankhede Also directs: Eternal Softech Opportunities LLP | Director | 01 Apr 2020 | 6 Years 6 Months | Current |
| Shrikant Gopichand Patole | Director | 01 Apr 2020 | 6 Years 6 Months | Current |
| Hasmukh Sohanraj Rawal Also directs: Bionotes LLP, Curesense Therapeutics Private Limited, Seva Infotech Private Limited and 2 more | Managing Director | 31 May 2016 | 10 Years 4 Months | Current |
| Shailendra Balasaheb Kawade Also directs: Curesense Therapeutics Private Limited, Eternal Softech Opportunities LLP, Kisan Livestock and Crop Forensic LLP and 5 more | Director | 31 May 2016 | 10 Years 4 Months | Current |
Auditor
Mylab Discovery Solutions Private Limited is audited by V.T. & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.T. & Associates | FY 2022 | 0110017S |
Shareholding
The shareholding of Mylab Discovery Solutions 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 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mylab Discovery Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Feb 2025 | 101039856 | Indian Bank | ₹5.8 Cr | Open | |
| 28 Aug 2023 | 100793537 | Idbi Bank Limited | ₹14 Cr | Open | |
| 29 May 2023 | 100748543 | Axis Bank Limited | ₹59 Cr | Open | |
| 20 Apr 2023 | 100752443 | Others | ₹53 Lakh | Open | |
| 28 Feb 2023 | 100687227 | Others | ₹15 Cr | Open |
To see the full charge records of Mylab Discovery Solutions Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Mylab Discovery Solutions Private Limited has 3 deals on record (2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹51 Cr; the latest was in June 2023.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2023 | Secondary share transfer | Undisclosed | Buyer: Zydus Animal Health and Investments Limited Seller: Poonawala Family Office |
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: Netsurf Communications Private Limited , an individual Seller: 2 individuals |
To see the full deal history of Mylab Discovery Solutions 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
Mylab Discovery Solutions Private Limited has 16 court cases on record: 16 filed against it. 9 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 13 | 9 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Commercial suit | Filed against the company by M/S Promega Biotech India Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by M/S. Fullinput Enterprises Private Limited Through Its Authorized Representative Rajiv S. Pandey | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Ms Criticalog India Private Limited Represented by Its Authorized Signatory Mr Akash Gopal Joshi | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by HDFC Bank Through Amarjit B Pandekar | Pending |
| District court, Raigad, Maharashtra | Civil suit | Filed against the company by Ms SFC Cold Chain Logistics Pvt Ltd Through Its Authorized Representative Mr Chetan Sharad Moghe | Pending |
To see the full case history of Mylab Discovery Solutions 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
Mylab Discovery Solutions Private Limited was last rated by Care on 18 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 18 Aug 2022 |
To see the full credit ratings and regulatory alerts of Mylab Discovery Solutions Private Limited, buy the company report.
MSME payment delays
Mylab Discovery Solutions Private Limited has 5 MSME Form 1 returns on record between 2018 and 2022, listing 105 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| M/S. Stratjuris Law Partners | |||
| M/S. GK Bioscience | |||
| M/S. Sci Fi Biologicals | |||
| Criticalog India Private Limited | |||
| Geneombio Technologies Private Limited |
To see the full MSME payment records of Mylab Discovery Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Mylab Discovery Solutions has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sanskritech Smart Solutions Private Limited | U74999MH2018PTC310653 | |
| Lipomic Medical Private Limited | U85100PN2013PTC148364 |
To see the full group structure of Mylab Discovery Solutions Private Limited, buy the company report.
Employees & EPFO
Mylab Discovery Solutions Private Limited has a workforce of 437 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Mylab Discovery Solutions has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCM3531H1ZG | Maharashtra | Active | 01 Jul 2017 |
| 29AAKCM3531H1ZC | Karnataka | Active | 28 Feb 2022 |
| 06AAKCM3531H1ZK | Haryana | Active | 08 Feb 2023 |
To see the full GST registrations and return filing status of Mylab Discovery Solutions Private Limited, buy the company report.
Recent activity
Mylab Discovery Solutions Private Limited has 14 board changes on record since 2016: 7 appointments and 7 cessations. The latest: Rajesh Mangilal Patel ceased to be Additional Director on 29 Dec 2023.
28 earlier events are in the company report.
News
Frequently asked questions
Mylab Discovery Solutions is an active private limited company based in Lonawala, Maharashtra, India. The company works in biotechnology, within the life sciences industry. It was incorporated on 31 May 2016 (10+ years old) and is registered under CIN U74999PN2016PTC164780.
Mylab Discovery Solutions has 6 current directors:
- Hasmukh Sohanraj Rawal - Managing Director
- Sujit Sohanlal Jain - Director
- Rahul Subhash Patil - Director
- Gautam Ravishekhar Wankhede - Director
- Shrikant Gopichand Patole - Director
- Shailendra Balasaheb Kawade - Director
The latest financial statements of Mylab Discovery Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Mylab Discovery Solutions is 27AAKCM3531H1ZG, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAKCM3531H1ZC (Karnataka), 06AAKCM3531H1ZK (Haryana).
The CIN (Corporate Identification Number) of Mylab Discovery Solutions is U74999PN2016PTC164780. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mylab Discovery Solutions has 16 court cases on record: 16 filed against it. 9 are pending. Most are in the district courts.
Mylab Discovery Solutions was incorporated on 31 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.
Mylab Discovery Solutions has 3 deals on record (2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹51 Cr; the latest was in June 2023.
Rajesh Mangilal Patel ceased to be Additional Director on 29 Dec 2023. Gunvant Vilas Gaikwad was appointed as Company Secretary on 01 Oct 2022. Gautam Ravishekhar Wankhede ceased to be Additional Director on 30 Dec 2020. Mylab Discovery Solutions has 14 board changes on record in total.
Mylab Discovery Solutions has 5 MSME Form 1 returns on record between 2018 and 2022, listing 105 overdue payments to 16 micro and small suppliers. The latest return was filed on 27 Apr 2022.
Mylab Discovery Solutions can be reached through the website mylabdiscoverysolutions.com. Its registered office is in Lonawala, Maharashtra, India.