About Skanray Technologies Limited
Data last updated:
Skanray Technologies Limited is a public limited company based in Mysore, Karnataka, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 14 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2007PLC041774. Its GSTIN is 29AALCS1086Q1ZG (Karnataka). The company holds 11 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹44.11 Cr. It was formerly known as Skanray Technologies Private Limited. It is led by directors including Vishwaprasad Alva (Managing Director) and Doddaballapur Prasanna Achutarao.
Its last annual general meeting (AGM) was held on 30 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No 15 – 17 Hebbal Industrial Area, Mysore, Karnataka, India – 570016.
As per the financials filed for FY 2025, the company reported a revenue of ₹155.12 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹78.92 Cr (net margin -50.9%) and EBITDA of -₹44.99 Cr (EBITDA margin -29%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 7% over five years.
The company has about 626 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 3 brands: Skanray Americas, Skanray Healthcare and Skanray. As per MCA filings, the company has open charges of ₹181.39 Cr and satisfied charges of ₹184.3 Cr on record. Court records list 65 cases involving the company, including 57 filed by the company and 8 filed against it; 17 cases are pending. The company has 37 deals on record (21 funding rounds, 14 secondary share transfers, 2 acquisitions), with disclosed funding of ₹212.9 Cr; the latest was in March 2021. Its 5 peer companies in the Healthcare industry (Healthcare Technology, Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 3 larger and 2 smaller; the largest is Forza Medi (India) Private Limited with revenue of ₹218.04 Cr. The company has 6 MSME Form 1 returns on record between 2021 and 2024, listing 138 overdue payments to 81 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website skanray.com.
Company details
CIN history
Skanray Technologies has one previous CIN (Corporate Identification Number): U72200KA2007PTC041774. The current CIN is U72200KA2007PLC041774, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200KA2007PLC041774 | Current |
| U72200KA2007PTC041774 | Previous |
Contact details
Skanray Technologies Limited's registered office is in Mysore, Karnataka. Its website is skanray.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 15 – 17 Hebbal Industrial Area, Mysore, Karnataka, India – 570016
- IndustryHealthcare, Medical & Laboratory Equipment, Diagnostic Centers & Pathology Labs
To see the full contact details of Skanray Technologies Limited, buy the company report.
- 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
Brands
Skanray Technologies operates multiple associated brands including Skanray Americas, Skanray Healthcare, and Skanray. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of a wide range of monitoring systems | skanrayhealthcare.com | |
| R&D company focused on manufacturing diagnostic devices for multiple therapeutic areas | skanray.com | |
| Manufactures X-ray systems and patient monitors for medical applications worldwide. | skanrayamericas.com |
Business activity
The main business activity of Skanray Technologies is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Skanray Technologies Limited, buy the company report.
Financials of Skanray Technologies Limited
FY 2025 filings availableSkanray Technologies Limited reported revenue of ₹155.12 Cr (down 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. 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 | ₹155.12 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹44.99 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹78.92 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -29% | ||||
| Net Profit Margin | -50.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Skanray Technologies Limited, buy the company report.
Board of directors of Skanray Technologies Limited
Skanray Technologies has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Doddaballapur Prasanna Achutarao Also directs: Acunova Life Sciences LLP, Mangalore Chemicals and Fertilisers Limited, Ajax Engineering Limited and 1 more | Director | 27 Mar 2021 | 5 Years 6 Months | Current |
| Vishwaprasad Alva Also directs: Skanray Healthcare Partners LLP, Skancare Wellness Private Limited | Managing Director | 14 Feb 2007 | 19 Years 8 Months | Current |
| Reena Pandey | Director | 25 Mar 2021 | 5 Years 6 Months | Current |
| Jayashree Satagopan Also directs: Ajax Engineering Limited, Sun Pharma Laboratories Limited | Director | 12 May 2021 | 5 Years 5 Months | Current |
Peer comparison
Skanray Technologies Limited is compared with the 5 companies closest to it by revenue in the Healthcare industry (Healthcare Technology, Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Forza Medi (India) Private Limited | ₹218.04 Cr (FY 2025) | 4.0% | New Delhi, Delhi, India | |||
| Relisys Medical Devices Limited | ₹214.11 Cr (FY 2025) | 26.0% | Ibrahimpatnam, Andhra Pradesh, India | |||
| Phoenix Innovative Healthcare Manufacturers Private Limited | ₹213.49 Cr (FY 2025) | 17.0% | Navi Mumbai, Maharashtra, India | |||
| Sudhir Srivastava Innovations Private Limited | ₹203.39 Cr (FY 2025) | 68.0% | Haryana, India | |||
| Ti Medical Private Limited | ₹195.88 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Skanray Technologies Limitedthis company | ₹155.12 Cr (FY 2025) | -₹78.92 Cr | -50.9% | -22.0% | 626 | Mysore, Karnataka, India |
To see the full peer comparison of Skanray Technologies Limited, buy the company report.
Auditor
Skanray Technologies Limited is audited by Walker Chandiok & Co LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2025 | 001076N /N500013 |
Shareholding
The shareholding of Skanray Technologies Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Skanray Technologies Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2026 | 101231571 | State Bank of India | ₹20 Lakh | Open | |
| 13 Nov 2024 | 101017709 | State Bank of India | ₹25 Lakh | Open | |
| 06 Nov 2024 | 101017710 | State Bank of India | ₹114 Cr | Open | |
| 18 Oct 2023 | 100853936 | Others | ₹16 Lakh | Open | |
| 23 Aug 2023 | 100791947 | Others | ₹14 Lakh | Open |
To see the full charge records of Skanray Technologies Limited, buy the company report.
Total charge records: 45 View all charges
Deals & funding
Skanray Technologies Limited has 37 deals on record (21 funding rounds, 14 secondary share transfers, 2 acquisitions), with disclosed funding of ₹212.9 Cr; the latest was in March 2021.
Deals on record (5 of 37)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Funding round | ₹57.73 Cr | Investors: Skanray Healthcare Partners LLP , Agnus Capital, Chayadeep Properties Private Limited |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Jan 2020 | Secondary share transfer | Undisclosed | Buyer: Axis Dot Ventures Pte Limited Seller: Agnus Capital |
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: Ascent Capital Advisors India Seller: 3 individuals |
| Sep 2014 | Funding round | ₹47.36 Cr | Investors: Chayadeep Properties Private Limited , Agnus Capital, Chayadeep Ventures LLP |
To see the full deal history of Skanray Technologies Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Skanray Technologies Limited has 65 court cases on record: 57 filed by Skanray Technologies, 8 filed against it. 17 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 46 | 6 | 11 |
| High courts | 19 | 2 | 6 |
Cases on record (5 of 65)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Raipur, Chhattisgarh | Arbitration matter | Filed by the company against Chhattisgarh Medical Services Corporation Ltd | Pending |
| District court, MYSURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Hindustan Cargo Ltd., R/By Its Authorized Representative Siddalingaya Hiremath | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Hindustan Cargo Ltd. | Pending |
| High Court, CHHATTISGARH | Arbitration matter | Filed by the company against Chhattisgarh Medical Services Corporation Limited and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Hindustan Cargo Limited | Disposed |
To see the full case history of Skanray Technologies Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Skanray Technologies Limited was last rated by Icra on 01 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 01 Oct 2020 |
To see the full credit ratings and regulatory alerts of Skanray Technologies Limited, buy the company report.
MSME payment delays
Skanray Technologies Limited has 6 MSME Form 1 returns on record between 2021 and 2024, listing 138 overdue payments to 81 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 81)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Image Synergy Ekxplor Private Limited | |||
| an individual supplier | |||
| Swift Electrocomp Solutions Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Skanray Technologies Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Skanray Technologies has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Skancare Wellness Private Limited | U74900KA2015PTC078434 | |
| Skanray Healthcare Global Private Limited | U85100KA2013PTC068496 |
To see the full group structure of Skanray Technologies Limited, buy the company report.
Employees & EPFO
Skanray Technologies Limited has a workforce of 626 employees on its EPFO records as of Jan 27, 2026, across 2 active EPFO establishments.
GST
Skanray Technologies has 11 GST registrations: 1 active and 10 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCS1086Q1ZG | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Skanray Technologies Limited, buy the company report.
Recent activity
Skanray Technologies Limited has 24 board changes on record since 2007: 4 appointments and 20 cessations. The latest: Deepak Komaregowda ceased to be Nominee Director on 17 Oct 2025.
94 earlier events are in the company report.
News
Frequently asked questions
Skanray Technologies is an active public limited company based in Mysore, Karnataka, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 14 February 2007 (19+ years old) and is registered under CIN U72200KA2007PLC041774.
Skanray Technologies has 4 current directors:
- Vishwaprasad Alva - Managing Director
- Doddaballapur Prasanna Achutarao - Director
- Reena Pandey - Director
- Jayashree Satagopan - Director
The latest financial statements of Skanray Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Skanray Technologies is 29AALCS1086Q1ZG, registered in Karnataka. The company has 11 GST registrations in all, of which 1 is active and 10 are cancelled or inactive.
The CIN (Corporate Identification Number) of Skanray Technologies is U72200KA2007PLC041774. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Skanray Technologies has 65 court cases on record: 57 filed by the company and 8 filed against it. 17 are pending. Most are in the district courts.
Skanray Technologies was incorporated on 14 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Skanray Technologies has 37 deals on record (21 funding rounds, 14 secondary share transfers, 2 acquisitions), with disclosed funding of ₹212.9 Cr; the latest was in March 2021.
The peers of Skanray Technologies by revenue are Forza Medi (India) Private Limited, Relisys Medical Devices Limited, Phoenix Innovative Healthcare Manufacturers Private Limited, Sudhir Srivastava Innovations Private Limited, Ti Medical Private Limited, all in the Healthcare industry (Healthcare Technology, Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Deepak Komaregowda ceased to be Nominee Director on 17 Oct 2025. Jayashree Satagopan ceased to be Additional Director on 23 Dec 2021. Jayashree Satagopan was appointed as Director on 12 May 2021. Skanray Technologies has 24 board changes on record in total.
Skanray Technologies has 6 MSME Form 1 returns on record between 2021 and 2024, listing 138 overdue payments to 81 micro and small suppliers. The latest return was filed on 23 Apr 2024.
Skanray Technologies can be reached through the website skanray.com. Its registered office is in Mysore, Karnataka, India.