DPIIT recognised startup Government of India
Startup India
Phystech Labs Private Limited
Phystech Labs Private Limited - business services in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.22 Lakh
▼ 77% YoY
Net profit · FY 2024
₹9,346
Net margin 2.9%
EBITDA · FY 2024
₹16,016
EBITDA margin 5%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
2
GST registered
About Phystech Labs Private Limited
Data last updated:
Phystech Labs Private Limited is a private limited company based in Rajkot, Gujarat, India, recognised as a startup by DPIIT. It operates in the service-based operations segment of the business services sector. It was incorporated on 14 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2020PTC118839. Its GSTIN is 27AALCP6556C1Z7 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Harshant Vasantrai Sanghvi and Shreyas Harshant Sanghvi.
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 Ff 11 Bhola Arked Lohanapara Main Road Village Rajkot (M Corp/Og) Tal Rajkot, Gujarat, India – 360001.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.22 Lakh, a decline of 77% compared to the previous year. For the same year it recorded a net profit of ₹9,346 (net margin 2.9%) and EBITDA of ₹16,016 (EBITDA margin 5%).
Company Details of Phystech Labs Private Limited
CIN U74999GJ2020PTC118839
Registration Number 118839
Incorporation Date 14 December 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Phystech Labs
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressFf 11 Bhola Arked Lohanapara Main Road Village Rajkot (M Corp/Og) Tal Rajkot, Gujarat, India – 360001
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
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Business Activity of Phystech Labs Private Limited
The main business activity of Phystech Labs is hospital and medical care. In detail, this covers other hospital and medical care activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Phystech Labs Private Limited FY 2025 filings available
Phystech Labs Private Limited reported revenue of ₹3.22 Lakh (down 77% YoY) for FY 2024.
Revenue · FY 2024
₹3.22 Lakh ▼ 77%
Net profit · FY 2024
₹9,346 margin 2.9%
EBITDA · FY 2024
₹16,016 margin 5%
Compounded Annual Growth Rate (CAGR) of Phystech Labs Private Limited
Revenue CAGR growth
1 year
▼ 77%
EBITDA CAGR growth
1 year
▲ 130%
3 years · compounded
▲ 33%
Revenue fell 77% in the latest year. EBITDA rose 130% 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 of Phystech Labs Private Limited
| Metrics | 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 | ₹16,016 | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9,346 | •••• | •••• | •••• |
| 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 of Phystech Labs Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 5% | •••• | •••• | •••• |
| Net Profit Margin | 2.9% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Phystech Labs are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Phystech Labs Private Limited
Phystech Labs has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshant Vasantrai Sanghvi | Director | 26 Apr 2022 | 4 Years 5 Months | Current |
| Shreyas Harshant Sanghvi | Director | 14 Dec 2020 | 5 Years 10 Months | Current |
Peer Comparison of Phystech Labs Private Limited
Phystech Labs Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other Hospital and Medical Care Activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cali Health Care Resources Private Limited | ₹3.24 Lakh (FY 2024) | •••• | •••• | 17.0% | •••• | Punjab, India |
| Readymedi Care Private Limited | ₹3.23 Lakh (FY 2023) | •••• | •••• | -9.0% | •••• | Gurgaon, Haryana, India |
| An-Vision ( India ) Private Limited | ₹3.23 Lakh (FY 2025) | •••• | •••• | -87.0% | •••• | Pune, Maharashtra, India |
| Pathtest Labs (OPC) Private Limited | ₹3.23 Lakh (FY 2025) | •••• | •••• | -83.0% | •••• | Delhi, India |
| BRG Medical Institute | ₹3.23 Lakh (FY 2024) | •••• | •••• | 36.0% | •••• | Vadodara, Gujarat, India |
| Phystech Labs Private Limited this company | ₹3.22 Lakh (FY 2024) | •••• | •••• | -77.0% | •••• | Rajkot, Gujarat, India |
| Maa Chiragu Hospitality and Health Private Limited | ₹3.2 Lakh (FY 2024) | •••• | •••• | •••• | Sujalpur, Madhya Pradesh, India | |
| Medquickk Health Services Private Limited | ₹3.2 Lakh (FY 2023) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Shetty Health Services Pvt Ltd | ₹3.2 Lakh (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Semitic Laboratories Private Limited | ₹3.2 Lakh (FY 2024) | •••• | •••• | -68.0% | •••• | Delhi, India |
| Earthners Fanddc Foundation | ₹3.2 Lakh (FY 2024) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Phystech Labs by revenue in the same principal business activity (Other Hospital and Medical Care Activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Phystech Labs Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Phystech Labs Private Limited
Phystech Labs Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Phystech Labs Private Limited
Phystech Labs Private Limited has a workforce of 0 employees as of Apr 10, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Phystech Labs Private Limited
Phystech Labs Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Harshant Vasantrai Sanghvi ceased to be Additional Director on 30 Sep 2022.
AGM
Phystech Labs Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Phystech Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Harshant Vasantrai Sanghvi ceased to be Additional Director.
Appointed
Harshant Vasantrai Sanghvi was appointed as Director.
Ceased
Parag Madhukar Kamble ceased to be Director.
Appointed
Shreyas Harshant Sanghvi was appointed as Director.
Incorporation
14 Dec 2020
Phystech Labs Private Limited was registered on 14 Dec 2020 with Roc Ahmedabad & aged 5 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Phystech Labs Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Phystech Labs Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Phystech Labs Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Phystech Labs Private Limited
Phystech Labs has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCP6556C1Z7 | Maharashtra | Active | 28 Dec 2020 |
| 29AALCP6556C1Z3 | Karnataka | Active | 19 Nov 2022 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Phystech Labs Private Limited
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Frequently Asked Questions about Phystech Labs Private Limited
Phystech Labs is an active private limited company based in Rajkot, Gujarat, India. The company works in other services, within the business services industry. It was incorporated on 14 December 2020 (6+ years old) and is registered under CIN U74999GJ2020PTC118839.
Phystech Labs reported revenue of ₹3.22 Lakh for FY 2024 (down 77% YoY).
Phystech Labs has 2 current directors:
- Harshant Vasantrai Sanghvi - Director
- Shreyas Harshant Sanghvi - Director
Phystech Labs reported a net profit of ₹9,346 (net margin 2.9%) and EBITDA of ₹16,016 (EBITDA margin 5%) for FY 2024, as per its filed financial statements.
The GSTIN of Phystech Labs is 27AALCP6556C1Z7, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AALCP6556C1Z3 (Karnataka).
The CIN (Corporate Identification Number) of Phystech Labs is U74999GJ2020PTC118839. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Phystech Labs was incorporated on 14 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Phystech Labs by revenue are Cali Health Care Resources Private Limited, Readymedi Care Private Limited, An-Vision ( India ) Private Limited, Pathtest Labs (OPC) Private Limited, BRG Medical Institute and 5 more, all in the same principal business activity (Other Hospital and Medical Care Activities).
Harshant Vasantrai Sanghvi ceased to be Additional Director on 30 Sep 2022. Harshant Vasantrai Sanghvi was appointed as Director on 26 Apr 2022. Parag Madhukar Kamble ceased to be Director on 26 Apr 2022. Phystech Labs has 4 board changes on record in total.
Yes, Phystech Labs is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Phystech Labs is at Ff 11 Bhola Arked Lohanapara Main Road Village Rajkot M CorpOg Tal Rajkot, Gujarat, India – 360001.