Shalby Medtech Limited

Shalby Medtech Limited - healthcare in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U33100GJ2020PLC113358 Incorporated 03 April 2020 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Public Limited Company healthcare
Data last updated
Revenue · FY 2025
₹35.2 Cr
▲ 125% YoY
Net loss · FY 2025
₹15.61 Cr
Net margin -44.3%
EBITDA · FY 2025
-₹11.68 Cr
EBITDA margin -33.2%
Authorised capital
₹280 Cr
Registered with MCA
Paid-up capital
₹275 Cr
Issued & subscribed
Open charges
₹42 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
11
Provident fund records

About Shalby Medtech Limited

Data last updated:

Shalby Medtech Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Shalby Limited. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 03 April 2020 and has been in existence for over 6 years.

Its director Vikram Indrajit Shah and family are #1,140 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U33100GJ2020PLC113358. Its GSTIN is 24AANCM4048E1ZJ (Gujarat).

The company has an authorised share capital of ₹280 Cr and a paid-up capital of ₹275 Cr. It is led by directors including Vikram Indrajit Shah (Managing Director) and Shyamal Shivkumar Joshi.

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Shalby Hospitals Opp: Karnawati Club S. G. Highway Near Prahladnagar Garden, Ahmedabad, Gujarat, India – 380015.

As per the financials filed for FY 2025, the company reported a revenue of ₹35.2 Cr, a growth of 125% compared to the previous year. For the same year it recorded a net loss of ₹15.61 Cr (net margin -44.3%) and EBITDA of -₹11.68 Cr (EBITDA margin -33.2%).

The company has about 11 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Shalby Hospitals. As per MCA filings, the company has open charges of ₹42 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shalby.org.

Company details

CIN U33100GJ2020PLC113358
Registration Number 113358
Incorporation Date 03 April 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Shalby Limited
Compliance Status Active Compliant
Key People
Vikram Indrajit Shah Managing Director Shyamal Shivkumar Joshi Director Sujana Manan Shah Director

Recognitions & Rankings of Shalby Medtech

Contact details

Shalby Medtech Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Shalby Hospitals Opp: Karnawati Club S. G. Highway Near Prahladnagar Garden, Ahmedabad, Gujarat, India – 380015
  • Industry
    Healthcare, Medical & Laboratory Equipment, Preventive Health Services

To see the full contact details of Shalby Medtech Limited, buy the company report.

Comprehensive company report
Shalby Medtech 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
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Brands

Shalby Medtech operates one associated brand: Shalby Hospitals. Each brand links to its own profile.

BrandDescriptionWebsite
Shalby Hospitals
Multi-specialty hospital services are delivered through a chain in India.shalby.org

Business activity

The main business activity of Shalby Medtech 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 Shalby Medtech Limited, buy the company report.

Financials of Shalby Medtech Limited

FY 2025 filings available

Shalby Medtech Limited reported revenue of ₹35.2 Cr (up 125% YoY) for FY 2025.

Revenue · FY 2025
₹35.2 Cr ▲ 125%
Net loss · FY 2025
₹15.61 Cr margin -44.3%
EBITDA · FY 2025
-₹11.68 Cr margin -33.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 125%
EBITDA CAGR growth
1 year
▼ 577%
3 years · compounded
▼ 289%

Revenue rose 125% in the latest year. EBITDA fell 577% 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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-₹11.68 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹15.61 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-33.2%
Net Profit Margin-44.3%
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 Shalby Medtech Limited, buy the company report.

Board of directors and KMP of Shalby Medtech Limited

Shalby Medtech Limited currently reports 3 directors and 1 key managerial person. 1 former director has served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Shyamal Shivkumar Joshi
Also directs: Shalby Limited, GVK Airport Holdings Limited, GVK Airport Developers Limited and 3 more
Director03 Apr 20206 Years 6 MonthsCurrent
Sujana Manan Shah
Also directs: Shalby Limited, PK Healthcare Private Limited
Director03 Apr 20206 Years 6 MonthsCurrent
Vikram Indrajit Shah
Also directs: Shalby Limited, Shalby Advanced Technologies India Private Limited, Uranus Medical Devices Limited and 3 more
Managing Director03 Apr 20206 Years 6 MonthsCurrent
Tushar Dineshchandra Shah
Also directs: Hiya Consultancy Services Private Limited
Company Secretary07 Sep 20215 Years 1 MonthsCurrent
View all directors and KMP

Auditor

Shalby Medtech Limited is audited by T R Chadha & Co LLP for the financial year 2021.

Auditor firmFinancial yearFirm registration number
T R Chadha & Co LLPFY 2021006711N

Shareholding

The shareholding of Shalby Medtech Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Shalby Medtech Limited, buy the company report.

Charges & borrowings

Open charges
₹42 Cr
Satisfied charges
None
Breakdown by lending institutions
Citi Bank N.A.₹42.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
20 May 2024100932962Citi Bank N.A.₹42 CrOpen

Total charge records: 1 View all charges

MSME payment delays

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

Employees & EPFO

Shalby Medtech Limited has a workforce of 11 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.

Employee count
11
Active EPFO establishments
1
Employee growth
175%

GST

Shalby Medtech has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AANCM4048E1ZJGujaratActive25 Aug 2021

To see the full GST registrations and return filing status of Shalby Medtech Limited, buy the company report.

Recent activity

Shalby Medtech Limited has 4 board changes on record since 2020: 4 appointments. The latest: Tushar Dineshchandra Shah was appointed as Company Secretary on 07 Sep 2021.

AGM
Shalby Medtech Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Shalby Medtech Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Citi Bank N.A. amounted to Rs. 42.00 Cr with Charge ID 100932962 was registered on 20 May 2024.
Appointed
Tushar Dineshchandra Shah was appointed as Company Secretary.
Appointed
Shyamal Shivkumar Joshi was appointed as Director.
Appointed
Sujana Manan Shah was appointed as Director.
Appointed
Vikram Indrajit Shah was appointed as Managing Director.
Incorporation
03 Apr 2020
Shalby Medtech Limited was registered on 03 Apr 2020 with Roc Ahmedabad & aged 6 years 6 months as per MCA records.

News

Frequently asked questions

Shalby Medtech is an active public limited company based in Ahmedabad, Gujarat, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 03 April 2020 (6+ years old) and is registered under CIN U33100GJ2020PLC113358.

Shalby Medtech has 4 current directors and KMP:

The latest financial statements of Shalby Medtech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2021 are in the company report.

The GSTIN of Shalby Medtech is 24AANCM4048E1ZJ, registered in Gujarat.

The CIN (Corporate Identification Number) of Shalby Medtech is U33100GJ2020PLC113358. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Shalby Medtech was incorporated on 03 April 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Tushar Dineshchandra Shah was appointed as Company Secretary on 07 Sep 2021. Shyamal Shivkumar Joshi was appointed as Director on 03 Apr 2020. Sujana Manan Shah was appointed as Director on 03 Apr 2020. Shalby Medtech has 4 board changes on record in total.

Shalby Medtech can be reached through the website shalby.org. Its registered office is in Ahmedabad, Gujarat, India.

The registered office of Shalby Medtech is at Shalby Hospitals Opp: Karnawati Club S. G. Highway Near Prahladnagar Garden, Ahmedabad, Gujarat, India – 380015.

Shalby Medtech operates in the healthcare industry, in the medical and laboratory equipment segment.