Nyx Medical Solutions Private Limited

Nyx Medical Solutions Private Limited - business outsourcing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U72900KA2015PTC083380 Incorporated 13 October 2015 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company business outsourcing MSME · Small
Data last updated
Revenue · FY 2023
₹49.68 Cr
▲ 48% YoY
Net profit · FY 2023
₹68.88 Lakh
Net margin 1.4%
EBITDA · FY 2023
₹2 Cr
EBITDA margin 4%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹30.98 Lakh
Issued & subscribed
Open charges
₹1.1 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
1,040
Provident fund records

About Nyx Medical Solutions Private Limited

Data last updated:

Nyx Medical Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the medical transcription segment of the business process outsourcing sector. It was incorporated on 13 October 2015 and has been in existence for over 11 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2015PTC083380. Its GSTIN is 29AAFCN0524Q2Z1 (Karnataka). The company holds 3 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹30.98 Lakh. It is led by directors Payal Kodangada Karumbiah and Chaitanya Harimohan.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No. 46 Promenade Road Fraser Town, Bangalore, Karnataka, India – 560005.

As per the financials filed for FY 2023, the company reported a revenue of ₹49.68 Cr, a growth of 48% compared to the previous year. For the same year it recorded a net profit of ₹68.88 Lakh (net margin 1.4%) and EBITDA of ₹2 Cr (EBITDA margin 4%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years and 90% over five years.

The company has about 1,040 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: NYX-Med. As per MCA filings, the company has open charges of ₹1.1 Cr on record. The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹45 Lakh; the latest was in August 2017.

Nyx Medical Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0015765). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nyx-med.com.

Company details

CIN U72900KA2015PTC083380
Registration Number 083380
Incorporation Date 13 October 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0015765
Key People
Payal Kodangada Karumbiah Director Chaitanya Harimohan Director

Recognitions & Rankings of Nyx Medical Solutions

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-03-0015765

Contact details

Nyx Medical Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is nyx-med.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    nyx-med.com
  • Registered Address
    No. 46 Promenade Road Fraser Town, Bangalore, Karnataka, India – 560005
  • Industry
    Business Outsourcing, Medical Transcription

To see the full contact details of Nyx Medical Solutions Private Limited, buy the company report.

Comprehensive company report
Nyx Medical Solutions 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

Nyx Medical Solutions operates one associated brand: NYX-Med. Each brand links to its own profile.

BrandDescriptionWebsite
NYX-Med
Technology solutions for US healthcare denial management are provided.nyx-med.com

Business activity

The main business activity of Nyx Medical Solutions is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Nyx Medical Solutions Private Limited, buy the company report.

Financials of Nyx Medical Solutions Private Limited

FY 2023 filings available

Nyx Medical Solutions Private Limited reported revenue of ₹49.68 Cr (up 48% YoY) for FY 2023.

Revenue · FY 2023
₹49.68 Cr ▲ 48%
Net profit · FY 2023
₹68.88 Lakh margin 1.4%
EBITDA · FY 2023
₹2 Cr margin 4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 48%
3 years · compounded
▲ 51%
5 years · compounded
▲ 90%
EBITDA CAGR growth
1 year
▲ 31%
3 years · compounded
▲ 56%
5 years · compounded
▲ 125%

Revenue has grown at a compounded annual rate (CAGR) of 90% over five years, including 48% growth in the latest year. EBITDA rose 31% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹49.68 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹2 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹68.88 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin4%
Net Profit Margin1.4%
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 Nyx Medical Solutions Private Limited, buy the company report.

Board of directors of Nyx Medical Solutions Private Limited

Nyx Medical Solutions has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Payal Kodangada Karumbiah
Also directs: Carpenters Classics India Private Limited
Director13 Oct 201511 Years 0 MonthsCurrent
Chaitanya Harimohan
Also directs: Ajax.Com Private Limited
Director13 Oct 201511 Years 0 MonthsCurrent
View all directors

Auditor

Nyx Medical Solutions Private Limited is audited by BHANDARI PINCHA & SURANA for the financial year 2023.

Auditor firmFinancial yearFirm registration number
BHANDARI PINCHA & SURANAFY 2023010811S

Shareholding

The shareholding of Nyx Medical Solutions Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2021FY 2020FY 2019FY 2018FY 2017
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Nyx Medical Solutions Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1.1 Cr
Satisfied charges
None
Breakdown by lending institutions
Hdfc Bank Limited₹1.10 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
11 Sep 2023100853644Hdfc Bank Limited₹1.1 CrOpen

Total charge records: 1 View all charges

Deals & funding

Nyx Medical Solutions Private Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹45 Lakh; the latest was in August 2017.

Total deals
2
Rights issue
1
Funding round
1
Disclosed funding
₹45 Lakh

Deals on record (2 of 2)

WhenDealAmountParties
Aug 2017Funding round₹45 LakhInvestors: 3 individuals
Dec 2016Rights issue₹28 LakhInvestors: 2 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Nyx Medical Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Nyx Medical Solutions Private Limited has a workforce of 1,040 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
1,040
Active EPFO establishments
1
Employee growth
14.66%

GST

Nyx Medical Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
29AAFCN0524Q2Z1KarnatakaActive21 Jun 2018
33AAFCN0524Q1ZDTamil NaduActive29 Dec 2022

To see the full GST registrations and return filing status of Nyx Medical Solutions Private Limited, buy the company report.

Recent activity

Nyx Medical Solutions Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Chaitanya Harimohan was appointed as Director on 13 Oct 2015.

AGM
Nyx Medical Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 110.00 Lakh with Charge ID 100853644 was registered on 11 Sep 2023.
Filing
Nyx Medical Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
Appointed
Chaitanya Harimohan was appointed as Director.
Appointed
Payal Kodangada Karumbiah was appointed as Director.
Incorporation
13 Oct 2015
Nyx Medical Solutions Private Limited was registered on 13 Oct 2015 with Roc Bangalore & aged 11 years 29 days as per MCA records.

Frequently asked questions

Nyx Medical Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in medical transcription, within the business outsourcing industry. It was incorporated on 13 October 2015 (11+ years old) and is registered under CIN U72900KA2015PTC083380.

Nyx Medical Solutions has 2 current directors:

The latest financial statements of Nyx Medical Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2016 are in the company report.

The GSTIN of Nyx Medical Solutions is 29AAFCN0524Q2Z1, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAFCN0524Q1ZD (Tamil Nadu).

The CIN (Corporate Identification Number) of Nyx Medical Solutions is U72900KA2015PTC083380. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Nyx Medical Solutions was incorporated on 13 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.

Nyx Medical Solutions has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹45 Lakh; the latest was in August 2017.

Chaitanya Harimohan was appointed as Director on 13 Oct 2015. Payal Kodangada Karumbiah was appointed as Director on 13 Oct 2015.

Yes, Nyx Medical Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0015765).

Nyx Medical Solutions can be reached through the website nyx-med.com. Its registered office is in Bangalore, Karnataka, India.