MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0041211
Remidio Innovative Solutions Private Limited - healthcare in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹55.31 Cr
▲ 14% YoY
Net loss · FY 2025
₹17 Cr
Net margin -30.7%
EBITDA · FY 2025
-₹10.79 Cr
EBITDA margin -19.5%
Authorised capital
₹5.61 Cr
Registered with MCA
Paid-up capital
₹1.79 Lakh
Issued & subscribed
Open charges
₹15.56 Cr
Satisfied ₹5 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
135
Provident fund records
About Remidio Innovative Solutions Private Limited
Data last updated:
Remidio Innovative Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 19 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U73100KA2009PTC051546. Its GSTIN is 29AAECR5638Q1ZI (Karnataka).
The company has an authorised share capital of ₹5.61 Cr and a paid-up capital of ₹1.79 Lakh. It is led by directors including Anand Sivaraman (Managing Director) and Ziyu Wang.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.1 – 51 – 2/12 Vacuum Techniques Compound Peenya I Stage Peenya, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹55.31 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹17 Cr (net margin -30.7%) and EBITDA of -₹10.79 Cr (EBITDA margin -19.5%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 23% over five years.
The company has about 135 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Remidio. As per MCA filings, the company has open charges of ₹15.56 Cr and satisfied charges of ₹5 Cr on record. The company has 12 deals on record (8 funding rounds, 4 secondary share transfers), with disclosed funding of ₹211.73 Cr; the latest was in February 2023. Its 10 peer companies in the Healthcare industry (Medical and Laboratory Equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Sterimed Medical Devices Private Limited with revenue of ₹56.68 Cr. The company has 10 MSME Form 1 returns on record between 2020 and 2023, listing 334 overdue payments to 31 micro and small suppliers.
Remidio Innovative Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0041211). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website remidio.com.
Company Details of Remidio Innovative Solutions Private Limited
CIN U73100KA2009PTC051546
Registration Number 051546
Incorporation Date 19 November 2009
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 24 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0041211
Key People
Anand Sivaraman Managing Director Ziyu Wang Nominee Director Pajir Vishwanath Rajesh Rai Nominee Director Recognitions & Rankings of Remidio Innovative Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo.1 – 51 – 2/12 Vacuum Techniques Compound Peenya I Stage Peenya, Bangalore, Karnataka, India – 560058
- IndustryHealthcare, Medical & Laboratory Equipment
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Associated Brands with Remidio Innovative Solutions Private Limited
Remidio Innovative Solutions operates one associated brand: Remidio. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-powered portable solutions for ophthalmic screening and diagnosis are developed. | remidio.com |
Business Activity of Remidio Innovative Solutions Private Limited
The main business activity of Remidio Innovative Solutions is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Remidio Innovative Solutions Private Limited FY 2025 filings available
Remidio Innovative Solutions Private Limited reported revenue of ₹55.31 Cr (up 14% YoY) for FY 2025.
Revenue · FY 2025
₹55.31 Cr ▲ 14%
Net loss · FY 2025
₹17 Cr margin -30.7%
EBITDA · FY 2025
-₹10.79 Cr margin -19.5%
Compounded Annual Growth Rate (CAGR) of Remidio Innovative Solutions Private Limited
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 25%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▼ 108%
3 years · compounded
▼ 122%
5 years · compounded
▼ 41%
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 14% growth in the latest year. EBITDA fell 108% 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 Remidio Innovative Solutions Private Limited
| 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 | -₹10.79 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹17 Cr | •••• | •••• | •••• | •••• |
| 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 Remidio Innovative Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -19.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -30.7% | •••• | •••• | •••• | •••• |
| 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 Remidio Innovative Solutions are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Verified entity values are shown only after access is granted.
Board of Directors of Remidio Innovative Solutions Private Limited
Remidio Innovative Solutions has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ziyu Wang Also directs: Janitri Innovations Private Limited | Nominee Director | 24 Jul 2023 | 3 Years 2 Months | Current |
| Pajir Vishwanath Rajesh Rai | Nominee Director | 30 May 2018 | 8 Years 4 Months | Current |
| Wilson Dsouza Also directs: Secoinn Ventures Private Limited | Nominee Director | 22 Mar 2023 | 3 Years 6 Months | Current |
| Anand Sivaraman | Managing Director | 04 Dec 2010 | 15 Years 10 Months | Current |
Peer Comparison of Remidio Innovative Solutions Private Limited
Remidio Innovative Solutions Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Medical and Laboratory Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sterimed Medical Devices Private Limited | ₹56.68 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Delhi, India |
| Recorders & Medicare Systems Private Limited | ₹56.14 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Panchkula, Haryana, India |
| Narang Medical Limited | ₹55.86 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Delhi, India |
| Plus Orthopedics India Private Limited | ₹55.5 Cr (FY 2025) | •••• | •••• | 74.0% | •••• | Chennai, Tamil Nadu, India |
| Labotech Microscopes India Private Limited | ₹55.44 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
| Remidio Innovative Solutions Private Limited this company | ₹55.31 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
| Bizdent Devices Private Limited | ₹53.3 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Mumbai, Maharashtra, India |
| Krishco Medical Products Private Limited | ₹53.07 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| Epsilon Healthcare Solutions Private Limited | ₹52.95 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Jaipur, Rajasthan, India |
| Sentier Consulting and Healthcare Private Limited | ₹52.41 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Secunderabad, Telangana, India |
| Lepucare (India) Vascular Solutions Private Limited | ₹51.31 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Remidio Innovative Solutions by revenue in the Healthcare industry (Medical and Laboratory Equipment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Remidio Innovative Solutions Private Limited
Remidio Innovative Solutions Private Limited is audited by MDA&Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MDA&Co | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Remidio Innovative Solutions Private Limited
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Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Remidio Innovative Solutions Private Limited
Open charges
₹15.56 Cr
Satisfied charges
₹5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Sep 2021 | Others | ₹2.65 Cr | Open |
| 28 Sep 2018 | Others | ₹12.91 Cr | Open |
| 27 Mar 2019 | Others | ₹3 Cr | Satisfied |
| 27 Sep 2018 | Others | ₹2 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Remidio Innovative Solutions Private Limited
Remidio Innovative Solutions Private Limited has 12 deals on record (8 funding rounds, 4 secondary share transfers), with disclosed funding of ₹211.73 Cr; the latest was in February 2023.
Total deals
12
Funding rounds
8
Secondary share transfers
4
Disclosed funding
₹211.73 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2023 | Funding round | ₹149.9 Cr | Investors: Sun Pharmaceutical Industries Limited |
| May 2018 | Secondary share transfer | Undisclosed | Buyer: Montane Ventures Seller: 2 individuals |
| Aug 2017 | Funding round · Pre-Series A | ₹5.5 Cr | Investors: KITVEN |
| Jan 2017 | Funding round | ₹1.03 Cr | Investors: 3 individuals |
| Nov 2015 | Secondary share transfer | Undisclosed | Buyer: Remidio Innovative Solutions Private Limited Employee Stock Option Scheme, Cipher Plexus Capital Advisors, 2 individuals Seller: an individual |
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Full deal history
All 12 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Remidio Innovative Solutions Private Limited
Remidio Innovative Solutions Private Limited has 10 MSME Form 1 returns on record between 2020 and 2023, listing 334 overdue payments to 31 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 31)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vigneshwara Electronics | •••• | •••• | •••• |
| Englabs India Private Limited | •••• | •••• | •••• |
| Teena Tools | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Lensel Optics Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 10 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Remidio Innovative Solutions Private Limited
Remidio Innovative Solutions Private Limited has a workforce of 135 employees as of Apr 06, 2024.
Employee count
135
Active EPFO establishments
1
Employee growth
18.42%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Remidio Innovative Solutions Private Limited
Remidio Innovative Solutions Private Limited has 14 board changes on record since 2010: 4 appointments and 10 cessations. The latest: Amogh Ashok Mayekar ceased to be Nominee Director on 31 Oct 2025.
Ceased
Amogh Ashok Mayekar ceased to be Nominee Director.
Charges
A charge with Others of Rs. 2.65 Cr registered on 15 Sep 2021 with Charge ID 100487268 was modified on 27 Sep 2025.
AGM
Remidio Innovative Solutions Private Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records.
Filing
Remidio Innovative Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Ziyu Wang was appointed as Nominee Director.
Charges
A charge with Others of Rs. 12.91 Cr registered on 28 Sep 2018 with Charge ID 100227786 was modified on 06 Jul 2023.
Appointed
Wilson Dsouza was appointed as Nominee Director.
Ceased
Manish Kumar Belmannu ceased to be Nominee Director.
Charges
A charge registered on 27 Mar 2019 via Charge ID 100252287 with Others was fully satisfied on 16 Nov 2021.
Charges
A charge with Others amounted to Rs. 2.65 Cr with Charge ID 100487268 was registered on 15 Sep 2021.
Ceased
Vinayaka Siddesh Ravandur Mahesh ceased to be CFO.
Charges
A charge registered on 27 Sep 2018 via Charge ID 100230776 with Others was fully satisfied on 03 Apr 2019.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Remidio Innovative Solutions Private Limited
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Credit ratings, litigation, and regulatory alerts
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Subsidiaries & Group Companies of Remidio Innovative Solutions 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 Remidio Innovative Solutions Private Limited
Remidio Innovative Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECR5638Q1ZI | Karnataka | Active | 01 Jul 2017 |
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MCA Filings & Documents of Remidio Innovative Solutions Private Limited
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Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Related news about Remidio Innovative Solutions Private Limited
Frequently Asked Questions about Remidio Innovative Solutions Private Limited
Remidio Innovative Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 19 November 2009 (17+ years old) and is registered under CIN U73100KA2009PTC051546.
Remidio Innovative Solutions reported revenue of ₹55.31 Cr for FY 2025 (up 14% YoY).
Remidio Innovative Solutions has 4 current directors:
- Anand Sivaraman - Managing Director
- Ziyu Wang - Nominee Director
- Pajir Vishwanath Rajesh Rai - Nominee Director
- Wilson Dsouza - Nominee Director
Remidio Innovative Solutions reported a net loss of ₹17 Cr (net margin -30.7%) and EBITDA of -₹10.79 Cr (EBITDA margin -19.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Remidio Innovative Solutions is 25% over three years and 23% over five years. In the latest year (FY 2025) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Remidio Innovative Solutions is 29AAECR5638Q1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Remidio Innovative Solutions is U73100KA2009PTC051546. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Remidio Innovative Solutions was incorporated on 19 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Remidio Innovative Solutions has 12 deals on record (8 funding rounds, 4 secondary share transfers), with disclosed funding of ₹211.73 Cr; the latest was in February 2023.
The peers of Remidio Innovative Solutions by revenue are Sterimed Medical Devices Private Limited, Recorders & Medicare Systems Private Limited, Narang Medical Limited, Plus Orthopedics India Private Limited, Labotech Microscopes India Private Limited and 5 more, all in the Healthcare industry (Medical and Laboratory Equipment).
Amogh Ashok Mayekar ceased to be Nominee Director on 31 Oct 2025. Ziyu Wang was appointed as Nominee Director on 24 Jul 2023. Wilson Dsouza was appointed as Nominee Director on 22 Mar 2023. Remidio Innovative Solutions has 14 board changes on record in total.
Yes, Remidio Innovative Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0041211).