About Narayan Eye Foundations Private Limited
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Narayan Eye Foundations Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the preventive healthcare segment of the healthcare sector. It was incorporated on 10 January 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1992PTC012711. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹27.78 Lakh. It is led by directors including Rajkamal Shetty and Rohit Shetty.
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 No. 121/C Chord Road Rajajinagar R Block, Bangalore, Karnataka, India – 560010.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.44 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.5 Cr (net margin 61.3%) and EBITDA of ₹2.17 Cr (EBITDA margin 88.9%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 66% over five years.
The company is associated with 1 brand: Narayana Nethralaya. As per MCA filings, the company has open charges of ₹1.12 Cr and satisfied charges of ₹13.62 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website narayananethralaya.org.
Company details
Contact details
Narayan Eye Foundations Private Limited's registered office is in Bangalore, Karnataka. Its website is narayananethralaya.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 121/C Chord Road Rajajinagar R Block, Bangalore, Karnataka, India – 560010
- IndustryHealthcare, Preventive Health Services
To see the full contact details of Narayan Eye Foundations 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
Narayan Eye Foundations operates one associated brand: Narayana Nethralaya. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A network of ophthalmology hospitals is operated in India. | narayananethralaya.org |
Financials of Narayan Eye Foundations Private Limited
FY 2024 filings availableNarayan Eye Foundations Private Limited reported revenue of ₹2.44 Cr (up 955% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 66% over five years, including 955% growth 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 | ₹2.17 Cr | ||||
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| Net Profit (PAT) | ₹1.5 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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| EBITDA Margin | 88.9% | ||||
| Net Profit Margin | 61.3% | ||||
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To see the full financial statements and ratios of Narayan Eye Foundations Private Limited, buy the company report.
Board of directors of Narayan Eye Foundations Private Limited
Narayan Eye Foundations has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajkamal Shetty | Director | 10 Jan 1992 | 34 Years 9 Months | Current |
| Rohit Shetty | Director | 29 Oct 2004 | 22 Years 0 Months | Current |
| Naina Shetty Also directs: Narayana Ophthalmic Research and Development LLP | Director | 29 Oct 2004 | 22 Years 0 Months | Current |
| Naren Shetty | Director | 14 Feb 2014 | 12 Years 8 Months | Current |
Peer comparison
Narayan Eye Foundations Private Limited is compared with the 10 companies closest to it by revenue in the Healthcare industry (Eye Care), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wangkhei Eye Hospital Private Limited | ₹2.71 Cr (FY 2025) | 7.0% | Imphal, Manipur, India | |||
| Vedanta Centre for Ophthalmic Sciences Private Limited | ₹2.67 Cr (FY 2025) | Gurgaon, Haryana, India | ||||
| Malabar Maxivision Eye Care Private Limited | ₹2.51 Cr (FY 2025) | Kozhikode, Kerala, India | ||||
| Trinetra Super Speciality Eye Care Center Private Limited | ₹2.49 Cr (FY 2025) | 21.0% | Lucknow, Uttar Pradesh, India | |||
| Lall 20/20 Eye Care Private Limited | ₹2.48 Cr (FY 2025) | 103.0% | Haryana, India | |||
| Narayan Eye Foundations Private Limitedthis company | ₹2.44 Cr (FY 2024) | ₹1.5 Cr | 61.3% | 955.0% | Bangalore, Karnataka, India | |
| Navya Nethralaya Hospital Private Limited | ₹2.27 Cr (FY 2025) | 15.0% | Tirupati, Andhra Pradesh, India | |||
| Jyot Eye Hospital Private Limited | ₹2.24 Cr (FY 2025) | 20.0% | Ahmedabad, Gujarat, India | |||
| Rishab Eye Care Centres Private Limited | ₹2.2 Cr (FY 2025) | 84.0% | Medchal, Telangana, India | |||
| Eyelight Laser & Eye Care Private Limited | ₹2.18 Cr (FY 2025) | 1.0% | Pune, Maharashtra, India | |||
| Dropadi Netralaya Private Limited | ₹2.18 Cr (FY 2024) | 3.0% | Purnia, Bihar, India |
To see the full peer comparison of Narayan Eye Foundations Private Limited, buy the company report.
Auditor
Narayan Eye Foundations Private Limited is audited by H SHIVAKUMAR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H SHIVAKUMAR | FY 2023 | 212829 |
Shareholding
The shareholding of Narayan Eye Foundations Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Narayan Eye Foundations Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Sep 2008 | 10119709 | Ge Capital Services India | ₹1 Cr | Open | |
| 05 Jun 2008 | 10110177 | Abn Amro Bank Nv | ₹12 Lakh | Open | |
| 18 Mar 2009 | 10149481 | Syndicate Bank | ₹1.05 Cr | Satisfied | |
| 06 Oct 2006 | 10021802 | State Bank of India | ₹12 Cr | Satisfied | |
| 15 Jun 2004 | 80031933 | Corporation Bank | ₹12 Lakh | Satisfied |
To see the full charge records of Narayan Eye Foundations Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Narayan Eye Foundations Private Limited has 2 court cases on record: 1 filed by Narayan Eye Foundations, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against GKB Optolab Private Ltd and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by GKB Optolab Private Limited | Disposed |
To see the full case history of Narayan Eye Foundations 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Narayan Eye Foundations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Narayan Eye Foundations has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Narayan Eye Foundations Private Limited, buy the company report.
Recent activity
Narayan Eye Foundations Private Limited has 6 board changes on record since 1992: 4 appointments and 2 cessations. The latest: Bhujang Shetty ceased to be Director on 19 May 2023.
9 earlier events are in the company report.
From our blog
Frequently asked questions
Narayan Eye Foundations is an active private limited company based in Bangalore, Karnataka, India. The company works in preventive health services, within the healthcare industry. It was incorporated on 10 January 1992 (34+ years old) and is registered under CIN U85110KA1992PTC012711.
Narayan Eye Foundations has 4 current directors:
- Rajkamal Shetty - Director
- Rohit Shetty - Director
- Naina Shetty - Director
- Naren Shetty - Director
The latest financial statements of Narayan Eye Foundations 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 2015 are in the company report.
No. Narayan Eye Foundations has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Narayan Eye Foundations is U85110KA1992PTC012711. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narayan Eye Foundations has 2 court cases on record: 1 filed by the company and 1 filed against it.
Narayan Eye Foundations was incorporated on 10 January 1992, making it 34+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Narayan Eye Foundations by revenue are Wangkhei Eye Hospital Private Limited, Vedanta Centre for Ophthalmic Sciences Private Limited, Malabar Maxivision Eye Care Private Limited, Trinetra Super Speciality Eye Care Center Private Limited, Lall 20/20 Eye Care Private Limited and 5 more, all in the Healthcare industry (Eye Care).
Bhujang Shetty ceased to be Director on 19 May 2023. Naren Shetty ceased to be Additional Director on 30 Sep 2014. Naren Shetty was appointed as Director on 14 Feb 2014. Narayan Eye Foundations has 6 board changes on record in total.
Narayan Eye Foundations can be reached through the website narayananethralaya.org. Its registered office is in Bangalore, Karnataka, India.
The registered office of Narayan Eye Foundations is at No. 121C Chord Road Rajajinagar R Block, Bangalore, Karnataka, India – 560010.