DPIIT recognised startup Government of India
Startup India
Nectowave Medrecord Private Limited - business outsourcing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.79 Cr
▲ 13% YoY
Net profit · FY 2025
₹3.63 Lakh
Net margin 1.3%
EBITDA · FY 2025
₹6.74 Lakh
EBITDA margin 2.4%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Nectowave Medrecord Private Limited
Data last updated:
Nectowave Medrecord Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the medical transcription segment of the business process outsourcing sector. It was incorporated on 16 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2018PTC102377. Its GSTIN is 24AAGCN0687D1ZM (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Jignesh Chetanbhai Makwana and Sameer Nagjibhai Viradiya.
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 307 323 Corporate Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.79 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹3.63 Lakh (net margin 1.3%) and EBITDA of ₹6.74 Lakh (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 50% over five years.
The company is associated with 1 brand: Nectowave.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nectowave.com.
Company details
CIN U74999GJ2018PTC102377
Registration Number 102377
Incorporation Date 16 May 2018
ROC Ahmedabad
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
Recognitions & Rankings of Nectowave Medrecord
Contact details
Nectowave Medrecord Private Limited's registered office is in Ahmedabad, Gujarat. Its website is nectowave.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor – 307 323 Corporate Park, Nr Samudra Annex Nr Girish Cold Drink Cross Road Cg Road, Ahmedabad, Gujarat, India – 380009
- IndustryBusiness Outsourcing, Medical Transcription
To see the full contact details of Nectowave Medrecord Private Limited, buy the company report.
Comprehensive company report
Nectowave Medrecord 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
Nectowave Medrecord operates one associated brand: Nectowave. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides medical transcription, billing, coding, and radiology services for professionals. | nectowave.com |
Business activity
The main business activity of Nectowave Medrecord is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Nectowave Medrecord Private Limited, buy the company report.
Financials of Nectowave Medrecord Private Limited
FY 2025 filings availableNectowave Medrecord Private Limited reported revenue of ₹2.79 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹2.79 Cr ▲ 13%
Net profit · FY 2025
₹3.63 Lakh margin 1.3%
EBITDA · FY 2025
₹6.74 Lakh margin 2.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▼ 3%
5 years · compounded
▲ 50%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▼ 36%
5 years · compounded
▲ 24%
Revenue has grown at a compounded annual rate (CAGR) of 50% over five years, including 13% growth in the latest year. EBITDA fell 4% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.74 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.63 Lakh | ||||
| 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 | 2.4% | ||||
| Net Profit Margin | 1.3% | ||||
| 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 Nectowave Medrecord Private Limited, buy the company report.
Board of directors of Nectowave Medrecord Private Limited
Nectowave Medrecord has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jignesh Chetanbhai Makwana | Director | 16 May 2018 | 8 Years 5 Months | Current |
| Sameer Nagjibhai Viradiya | Director | 16 May 2018 | 8 Years 5 Months | Current |
Auditor
Nectowave Medrecord Private Limited is audited by NIRAV S SHAH & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIRAV S SHAH & CO | FY 2022 | 130244W |
Shareholding
The shareholding of Nectowave Medrecord Private Limited is on record for 4 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Nectowave Medrecord Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Nectowave Medrecord 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 Nectowave Medrecord Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nectowave Medrecord has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCN0687D1ZM | Gujarat | Active | 07 Jun 2018 |
To see the full GST registrations and return filing status of Nectowave Medrecord Private Limited, buy the company report.
Recent activity
Nectowave Medrecord Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Jignesh Chetanbhai Makwana was appointed as Director on 16 May 2018.
AGM
Nectowave Medrecord Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Nectowave Medrecord Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Jignesh Chetanbhai Makwana was appointed as Director.
Appointed
Sameer Nagjibhai Viradiya was appointed as Director.
Incorporation
16 May 2018
Nectowave Medrecord Private Limited was registered on 16 May 2018 with Roc Ahmedabad & aged 8 years 5 months as per MCA records.
Frequently asked questions
Nectowave Medrecord is an active private limited company based in Ahmedabad, Gujarat, India. The company works in medical transcription, within the business outsourcing industry. It was incorporated on 16 May 2018 (8+ years old) and is registered under CIN U74999GJ2018PTC102377.
Nectowave Medrecord has 2 current directors:
- Jignesh Chetanbhai Makwana - Director
- Sameer Nagjibhai Viradiya - Director
The latest financial statements of Nectowave Medrecord 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 2019 are in the company report.
The GSTIN of Nectowave Medrecord is 24AAGCN0687D1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Nectowave Medrecord is U74999GJ2018PTC102377. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nectowave Medrecord was incorporated on 16 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jignesh Chetanbhai Makwana was appointed as Director on 16 May 2018. Sameer Nagjibhai Viradiya was appointed as Director on 16 May 2018.
Yes, Nectowave Medrecord is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Nectowave Medrecord can be reached through the website nectowave.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Nectowave Medrecord is at 3rd Floor – 307 323 Corporate Park, Nr Samudra Annex Nr Girish Cold Drink Cross Road Cg Road, Ahmedabad, Gujarat, India – 380009.