About Xcelris Labs Limited
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Xcelris Labs Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Cygnus Laboratories Limited. It operates in the biotechnology segment of the life sciences sector. It was incorporated on 07 November 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U73100GJ2005PLC047024. Its GSTIN is 24AAACX0448C1ZT (Gujarat).
The company has an authorised share capital of ₹21.5 Cr and a paid-up capital of ₹20 Cr. It is led by directors including Nirav Pravinchandra Chokshi and Nikitkumar Dineshkumar Shah.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.26 Cr, a growth of 69% compared to the previous year. For the same year it recorded a net loss of ₹1.23 Cr (net margin -10.9%) and EBITDA of -₹96.6 Lakh (EBITDA margin -8.6%). Revenue has grown at a compounded annual rate (CAGR) of 927% over three years and 10% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Xcelris Labs. As per MCA filings, the company has open charges of ₹32.28 Cr and satisfied charges of ₹54.85 Cr on record. Court records list 49 cases involving the company, including 49 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website xcelrislabs.com.
Company details
Contact details
Xcelris Labs Limited's registered office is in Ahmedabad, Gujarat. Its website is xcelrislabs.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address407 Sangita Complex Opp. Doctor House, Parimal Crossing Ellisbridge, Ahmedabad, Gujarat, India – 380006
- IndustryLife Sciences, Biotechnology
To see the full contact details of Xcelris Labs 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
Xcelris Labs operates one associated brand: Xcelris Labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Genomic research and genetic testing services are provided. | xcelrislabs.com |
Business activity
The main business activity of Xcelris Labs is hospital and medical care. In detail, this covers other hospital and medical care activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities |
To see the full business activity and turnover split of Xcelris Labs Limited, buy the company report.
Financials of Xcelris Labs Limited
FY 2025 filings availableXcelris Labs Limited reported revenue of ₹11.26 Cr (up 69% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 69% growth in the latest year. EBITDA rose 65% 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 | -₹96.6 Lakh | ||||
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| Net Profit (PAT) | -₹1.23 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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| Profitability | |||||
| EBITDA Margin | -8.6% | ||||
| Net Profit Margin | -10.9% | ||||
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To see the full financial statements and ratios of Xcelris Labs Limited, buy the company report.
Board of directors of Xcelris Labs Limited
Xcelris Labs has 3 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirav Pravinchandra Chokshi Also directs: Cygnus Laboratories Limited, Xcellon Education Limited | Director | 23 Aug 2023 | 3 Years 2 Months | Current |
| Nikitkumar Dineshkumar Shah Also directs: Flourish Dairyfarms Private Limited, Indsol Enertech Limited, Cygnus Laboratories Limited and 3 more | Director | 21 Jun 2021 | 5 Years 4 Months | Current |
| Deepenbhai Damodarbhai Kalaria | Director | 05 Sep 2022 | 4 Years 2 Months | Current |
Auditor
Xcelris Labs Limited is audited by MEHUL KHATSURIYA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHUL KHATSURIYA & ASSOCIATES | FY 2020 | 130254W |
Shareholding
The shareholding of Xcelris Labs Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Xcelris Labs Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 2022 | 100561588 | Bank of India | ₹32.28 Cr | Open | |
| 01 Dec 2018 | 100225491 | State Bank of India | ₹21.45 Cr | Satisfied | |
| 11 Mar 2015 | 10558768 | Tamilnad Mercantile Bank Limited | ₹14 Cr | Satisfied | |
| 23 Mar 2013 | 10413931 | Reliance Capital Ltd | ₹50 Lakh | Satisfied | |
| 31 Jul 2012 | 10423050 | Reliance Capital Ltd | ₹50 Lakh | Satisfied |
To see the full charge records of Xcelris Labs Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Xcelris Labs Limited has 49 court cases on record: 49 filed against it. 1 case is pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 49 | 49 | 1 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Commercial suit | Filed against the company by M/S Symbio Scientific Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by Scientific Sales and Research Chemicals Pvt Ltd THR. Its Aut. Person Shri Maheshbhai J. Chavda | Pending |
| District court, Ahmedabad, Gujarat | Court case (RECO33C 2 LC) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C 2 LC) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C 2 LC) | Filed against the company by an individual | Disposed |
To see the full case history of Xcelris Labs 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Xcelris Labs Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Xcelris Labs Limited has a workforce of 2 employees on its EPFO records as of Apr 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 2 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Xcelris Labs Limited, buy the company report.
GST
Xcelris Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACX0448C1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Xcelris Labs Limited, buy the company report.
Recent activity
Xcelris Labs Limited has 28 board changes on record since 2006: 3 appointments and 25 cessations. The latest: Nirav Pravinchandra Chokshi ceased to be Additional Director on 29 Sep 2023.
36 earlier events are in the company report.
Frequently asked questions
Xcelris Labs is an active public limited company based in Ahmedabad, Gujarat, India. The company works in biotechnology, within the life sciences industry. It was incorporated on 07 November 2005 (21+ years old) and is registered under CIN U73100GJ2005PLC047024.
Xcelris Labs has 3 current directors:
- Nirav Pravinchandra Chokshi - Director
- Nikitkumar Dineshkumar Shah - Director
- Deepenbhai Damodarbhai Kalaria - Director
The latest financial statements of Xcelris Labs 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 Xcelris Labs is 24AAACX0448C1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Xcelris Labs is U73100GJ2005PLC047024. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xcelris Labs has 49 court cases on record: 49 filed against it. 1 is pending.
Xcelris Labs was incorporated on 07 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nirav Pravinchandra Chokshi ceased to be Additional Director on 29 Sep 2023. Nirav Pravinchandra Chokshi was appointed as Director on 23 Aug 2023. Deepenbhai Damodarbhai Kalaria ceased to be Additional Director on 28 Sep 2022. Xcelris Labs has 28 board changes on record in total.
Xcelris Labs can be reached through the website xcelrislabs.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Xcelris Labs is at 407 Sangita Complex Opp. Doctor House, Parimal Crossing Ellisbridge, Ahmedabad, Gujarat, India – 380006.
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