About Spin Medlab Private Limited
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Spin Medlab Private Limited is a private limited company based in Chennai, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the medical equipment retail and distribution segment of the healthcare sector. It was incorporated on 18 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U33100TN2019PTC128784.
The company has an authorised share capital of ₹9 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors including Gajapathy Venkatesh and Sneha Venkatesh.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.82 Cr, a growth of 130% compared to the previous year. For the same year it recorded a net profit of ₹1.54 Lakh (net margin 0.8%) and EBITDA of ₹3.12 Lakh (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 115% over three years.
As per MCA filings, the company has open charges of ₹29 Lakh on record.
For more details, the company can be reached via its website spinmedlab.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.2 Masilamani Nagar 2nd Street, Kanniyamman Kovil Main Road, Chennai, Tamil Nadu, India – 600095
- IndustryHealthcare, Medical Equipment Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Spin Medlab Private Limited
The main business activity of Spin Medlab is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Spin Medlab Private Limited FY 2025 filings available
Spin Medlab Private Limited reported revenue of ₹1.82 Cr (up 130% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Spin Medlab Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 115% over three years, including 130% growth in the latest year. EBITDA rose 251% 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 Spin Medlab Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹3.12 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.54 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 of Spin Medlab Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 Spin Medlab are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Spin Medlab Private Limited
Spin Medlab Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ethics Hospital and Health Services Private Limited | ₹1.84 Cr (FY 2021) | •••• | •••• | -65.0% | •••• | Coimbatore, Tamil Nadu, India |
| Vighnahar Lab Solutions Private Limited | ₹1.84 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Kalyan, Maharashtra, India |
| Shrian Healthcare Private Limited | ₹1.83 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Chennai, Tamil Nadu, India |
| Indobest Health Science Private Limited | ₹1.83 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Mumbai, Maharashtra, India |
| Orthoforce Technologies (India) Private Limited | ₹1.83 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| Spin Medlab Private Limited this company | ₹1.82 Cr (FY 2024) | •••• | •••• | 130.0% | •••• | Chennai, Tamil Nadu, India |
| Iassist Health Private Limited | ₹1.82 Cr (FY 2023) | •••• | •••• | -30.0% | •••• | Mumbai, Maharashtra, India |
| SM Traders Private Limited | ₹1.82 Cr (FY 2025) | •••• | •••• | 68.0% | •••• | Ernakulam, Kerala, India |
| Evergreen Chemist Private Limited | ₹1.81 Cr (FY 2023) | •••• | •••• | -20.0% | •••• | Delhi, India |
| Cleardose Technologies (OPC) Private Limited | ₹1.8 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Gurgaon, Haryana, India |
| Usg Lab's Private Limited | ₹1.79 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Spin Medlab by revenue in the Healthcare industry (Healthcare Equipment Retail and Distribution), 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 Spin Medlab Private Limited
Spin Medlab Private Limited is audited by P T PONNAIAH & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P T PONNAIAH & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Spin Medlab Private Limited
Spin Medlab has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gajapathy Venkatesh | Director | 18 Apr 2019 | 7 Years 5 Months | Current |
| Sneha Venkatesh | Director | 02 Mar 2024 | 2 Years 7 Months | Current |
| Venkatesh Mahalakshmi | Director | 02 Mar 2024 | 2 Years 7 Months | Current |
Ownership and Shareholding of Spin Medlab Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Spin Medlab Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Nov 2022 | Others | ₹29 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Spin Medlab Private Limited
Employment history and EPFO contributions of people linked to Spin Medlab.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Spin Medlab Private Limited
Spin Medlab Private Limited has 5 board changes on record since 2019: 3 appointments and 2 cessations. The latest: Pavithra Venkatesh ceased to be Director on 02 Mar 2024.
Credit Ratings, Litigation & Regulatory Alerts for Spin Medlab Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Spin Medlab Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Spin Medlab Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Spin Medlab Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Spin Medlab Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Spin Medlab Private Limited
Spin Medlab is an active private limited company based in Chennai, Tamil Nadu, India. The company works in medical equipment retail and distribution, within the healthcare industry. It was incorporated on 18 April 2019 (7+ years old) and is registered under CIN U33100TN2019PTC128784.
Spin Medlab reported revenue of ₹1.82 Cr for FY 2024 (up 130% YoY).
Spin Medlab has 3 current directors:
- Gajapathy Venkatesh - Director
- Sneha Venkatesh - Director
- Venkatesh Mahalakshmi - Director
Spin Medlab reported a net profit of ₹1.54 Lakh (net margin 0.8%) and EBITDA of ₹3.12 Lakh (EBITDA margin 1.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Spin Medlab is 115% over three years. In the latest year (FY 2024) revenue rose 130%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Spin Medlab is U33100TN2019PTC128784. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spin Medlab was incorporated on 18 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Spin Medlab by revenue are Ethics Hospital and Health Services Private Limited, Vighnahar Lab Solutions Private Limited, Shrian Healthcare Private Limited, Indobest Health Science Private Limited, Orthoforce Technologies (India) Private Limited and 5 more, all in the Healthcare industry (Healthcare Equipment Retail and Distribution).
Pavithra Venkatesh ceased to be Director on 02 Mar 2024. Sneha Venkatesh was appointed as Director on 02 Mar 2024. Venkatesh Mahalakshmi was appointed as Director on 02 Mar 2024. Spin Medlab has 5 board changes on record in total.
Yes, Spin Medlab is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Spin Medlab can be reached through the website spinmedlab.com. Its registered office is in Chennai, Tamil Nadu, India.