MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-11-0000584
Synapse Neurocare Private Limited - healthcare in Mangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹50.66 Cr
▲ 27% YoY
Net profit · FY 2025
₹4.64 Cr
Net margin 9.2%
EBITDA · FY 2025
₹12.39 Cr
EBITDA margin 24.4%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹12.9 Cr
Issued & subscribed
Open charges
₹35.15 Cr
Satisfied ₹40.84 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
232
Provident fund records
About Synapse Neurocare Private Limited
Data last updated:
Synapse Neurocare Private Limited is a private limited company based in Mangalore, Karnataka, India. It operates in the hospital and clinical services segment of the healthcare sector. It was incorporated on 27 November 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85100KA2012PTC066928. Its GSTIN is 29AASCS3495C1ZT (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹12.9 Cr. It is led by directors including Roshni Shetty and Rajesh Shetty.
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 First Neuro Kannur Village Padil, Mangalore, Karnataka, India – 575007.
As per the financials filed for FY 2025, the company reported a revenue of ₹50.66 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹4.64 Cr (net margin 9.2%) and EBITDA of ₹12.39 Cr (EBITDA margin 24.4%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 15% over five years.
The company has about 232 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: First Neuro. As per MCA filings, the company has open charges of ₹35.15 Cr and satisfied charges of ₹40.84 Cr on record. The company has 5 deals on record (3 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹2.67 Cr; the latest was in May 2016. Its 6 peer companies in the Healthcare industry (Multi Specialty Hospitals), with the same principal business activity (hospital activities) are compared by revenue, 4 larger and 2 smaller; the largest is Mansarovar Medical Centre Private Limited with revenue of ₹51.3 Cr.
Synapse Neurocare Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-11-0000584). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website firstneuro.in.
Company details
CIN U85100KA2012PTC066928
Registration Number 066928
Incorporation Date 27 November 2012
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-11-0000584
Recognitions & Rankings of Synapse Neurocare
Contact details
Synapse Neurocare Private Limited's registered office is in Mangalore, Karnataka. Its website is firstneuro.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFirst Neuro Kannur Village Padil, Mangalore, Karnataka, India – 575007
- IndustryHealthcare, Hospitals
To see the full contact details of Synapse Neurocare Private Limited, buy the company report.
Comprehensive company report
Synapse Neurocare Private 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Synapse Neurocare operates one associated brand: First Neuro. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Neurology and neuroscience services focused on brain and spine care in Mangaluru. | firstneuro.in |
Business activity
The main business activity of Synapse Neurocare is hospital and medical care. In detail, this covers hospital activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q1 | Hospital activities |
To see the full business activity and turnover split of Synapse Neurocare Private Limited, buy the company report.
Financials of Synapse Neurocare Private Limited
FY 2025 filings availableSynapse Neurocare Private Limited reported revenue of ₹50.66 Cr (up 27% YoY) for FY 2025.
Revenue · FY 2025
₹50.66 Cr ▲ 27%
Net profit · FY 2025
₹4.64 Cr margin 9.2%
EBITDA · FY 2025
₹12.39 Cr margin 24.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 27%
3 years · compounded
▲ 18%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 53%
3 years · compounded
▲ 17%
5 years · compounded
▲ 13%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 27% growth in the latest year. EBITDA rose 53% 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
| 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 | ₹12.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.64 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 | 24.4% | ||||
| Net Profit Margin | 9.2% | ||||
| 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 Synapse Neurocare Private Limited, buy the company report.
Board of directors of Synapse Neurocare Private Limited
Synapse Neurocare has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Roshni Shetty | Director | 10 Jul 2015 | 11 Years 4 Months | Current |
| Rajesh Shetty | Director | 27 Nov 2012 | 13 Years 11 Months | Current |
| Barethyar Shanker Shetty Also directs: Ethikeia Healthcare Private Limited | Director | 27 Nov 2012 | 13 Years 11 Months | Current |
| Prathyush Shetty | Director | 06 Jun 2025 | 1 Years 5 Months | Current |
Peer comparison
Synapse Neurocare Private Limited is compared with the 6 companies closest to it by revenue in the Healthcare industry (Multi Specialty Hospitals), with the same principal business activity (hospital activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mansarovar Medical Centre Private Limited | ₹51.3 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Manorama Hospitex Private Limited | ₹51.14 Cr (FY 2025) | 22.0% | Ranaghat, West Bengal, India | |||
| Ajara Health Care and Research Centre Private Limited | ₹50.73 Cr (FY 2025) | 12.0% | Hanamkonda, Telangana, India | |||
| Gita Healthcare Private Limited | ₹50.71 Cr (FY 2025) | -5.0% | Kanpur, Uttar Pradesh, India | |||
| Synapse Neurocare Private Limitedthis company | ₹50.66 Cr (FY 2025) | ₹4.64 Cr | 9.2% | 27.0% | 232 | Mangalore, Karnataka, India |
| Premier Hospitals Pvt. Ltd. | ₹50.02 Cr (FY 2025) | -1.0% | Hyderabad, Telangana, India | |||
| Guwahati Metro Hospitals Private Limited | ₹49.99 Cr (FY 2025) | 21.0% | Guwahati, Assam, India |
To see the full peer comparison of Synapse Neurocare Private Limited, buy the company report.
Auditor
Synapse Neurocare Private Limited is audited by V M SHETTY & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V M SHETTY & CO | FY 2023 | 003825S |
Shareholding
The shareholding of Synapse Neurocare Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Synapse Neurocare Private Limited, buy the company report.
Charges & borrowings
Open charges
₹35.15 Cr
Satisfied charges
₹40.84 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2024 | 100960767 | Others | ₹1.17 Cr | Open | |
| 20 Apr 2023 | 100715997 | Yes Bank Limited | ₹5.49 Cr | Open | |
| 12 Sep 2022 | 100619344 | Yes Bank Limited | ₹1.6 Cr | Open | |
| 30 Mar 2022 | 100561317 | Axis Bank Limited | ₹18.68 Cr | Open | |
| 27 Nov 2018 | 100227740 | Others | ₹2.79 Cr | Open |
To see the full charge records of Synapse Neurocare Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Synapse Neurocare Private Limited has 5 deals on record (3 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹2.67 Cr; the latest was in May 2016.
Total deals
5
Rights issues
3
Funding round
1
Secondary share transfer
1
Disclosed funding
₹2.67 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2016 | Rights issue | ₹29.8 Lakh | Investors: an individual |
| May 2015 | Rights issue | ₹4.19 Cr | Investors: 3 individuals |
| Jan 2015 | Rights issue | ₹4.08 Cr | Investors: 2 individuals |
| May 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2013 | Funding round | ₹2.67 Cr | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Synapse Neurocare Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Synapse Neurocare Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Synapse Neurocare Private Limited has a workforce of 232 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
Employee count
232
Active EPFO establishments
1
Employee growth
8.92%
GST
Synapse Neurocare has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AASCS3495C1ZT | Karnataka | Active | 01 Jul 2017 |
| 32AASCS3495C1Z6 | Kerala | Active | 02 Jun 2023 |
To see the full GST registrations and return filing status of Synapse Neurocare Private Limited, buy the company report.
Recent activity
Synapse Neurocare Private Limited has 7 board changes on record since 2012: 4 appointments and 3 cessations. The latest: Prathyush Shetty ceased to be Additional Director on 28 Sep 2025.
AGM
Synapse Neurocare Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Prathyush Shetty ceased to be Additional Director.
Appointed
Prathyush Shetty was appointed as Director.
Filing
Synapse Neurocare Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 1.17 Cr with Charge ID 100960767 was registered on 02 Aug 2024.
Charges
A charge registered on 01 Jan 2024 via Charge ID 100848557 with Others was fully satisfied on 15 Jun 2024.
Charges
A charge with Others amounted to Rs. 0.85 Cr with Charge ID 100848557 was registered on 01 Jan 2024.
Charges
A charge with Yes Bank Limited amounted to Rs. 5.49 Cr with Charge ID 100715997 was registered on 20 Apr 2023.
Charges
A charge with Axis Bank Limited of Rs. 18.68 Cr registered on 30 Mar 2022 with Charge ID 100561317 was modified on 30 Sep 2022.
Charges
A charge registered on 31 Aug 2019 via Charge ID 100290493 with Others was fully satisfied on 14 Sep 2022.
Charges
A charge with Yes Bank Limited amounted to Rs. 1.60 Cr with Charge ID 100619344 was registered on 12 Sep 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 18.68 Cr with Charge ID 100561317 was registered on 30 Mar 2022.
15 earlier events are in the company report.
Frequently asked questions
Synapse Neurocare is an active private limited company based in Mangalore, Karnataka, India. The company works in hospitals, within the healthcare industry. It was incorporated on 27 November 2012 (14+ years old) and is registered under CIN U85100KA2012PTC066928.
Synapse Neurocare has 4 current directors:
- Roshni Shetty - Director
- Rajesh Shetty - Director
- Barethyar Shanker Shetty - Director
- Prathyush Shetty - Director
The latest financial statements of Synapse Neurocare 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 2015 are in the company report.
The GSTIN of Synapse Neurocare is 29AASCS3495C1ZT, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AASCS3495C1Z6 (Kerala).
The CIN (Corporate Identification Number) of Synapse Neurocare is U85100KA2012PTC066928. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Synapse Neurocare was incorporated on 27 November 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Synapse Neurocare has 5 deals on record (3 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹2.67 Cr; the latest was in May 2016.
The peers of Synapse Neurocare by revenue are Mansarovar Medical Centre Private Limited, Manorama Hospitex Private Limited, Ajara Health Care and Research Centre Private Limited, Gita Healthcare Private Limited, Premier Hospitals Pvt. Ltd. and 1 more, all in the Healthcare industry (Multi Specialty Hospitals), with the same principal business activity (hospital activities).
Prathyush Shetty ceased to be Additional Director on 28 Sep 2025. Prathyush Shetty was appointed as Director on 06 Jun 2025. Roshni Shetty ceased to be Director on 01 Apr 2018. Synapse Neurocare has 7 board changes on record in total.
Yes, Synapse Neurocare is registered as a small enterprise under Udyam registration (number: UDYAM-KR-11-0000584).
Synapse Neurocare can be reached through the website firstneuro.in. Its registered office is in Mangalore, Karnataka, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages