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Tishya's Medical Device Development Solutions Private Limited - healthcare in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹1.37 Cr
▲ 263% YoY
Net profit · FY 2023
₹10.84 Lakh
Net margin 7.9%
EBITDA · FY 2023
₹28.32 Lakh
EBITDA margin 20.7%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹30.67 Lakh
Issued & subscribed
Open charges
₹1.39 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
About Tishya's Medical Device Development Solutions Private Limited
Data last updated:
Tishya's Medical Device Development Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 11 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018PTC113839. Its GSTIN is 29AAGCT8069H1ZQ (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹30.67 Lakh. It is led by directors including Smita Patnaik and Sweta Patnaik.
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 #B – 1 First Floor S V Innovations B – Narayanapura Kr Puram, Bangalore, Karnataka, India – 560016.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.37 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹10.84 Lakh (net margin 7.9%) and EBITDA of ₹28.32 Lakh (EBITDA margin 20.7%). Revenue has grown at a compounded annual rate (CAGR) of 255% over three years.
The company is associated with 1 brand: Medevplus. As per MCA filings, the company has open charges of ₹1.39 Cr on record.
Tishya's Medical Device Development Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0129984). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website medevplus.com.
Company details
CIN U74999KA2018PTC113839
Registration Number 113839
Incorporation Date 11 June 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0129984
Recognitions & Rankings of Tishya's Medical Device Development Solutions
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0129984
Contact details
Tishya's Medical Device Development Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is medevplus.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#B – 1 First Floor S V Innovations B – Narayanapura Kr Puram, Bangalore, Karnataka, India – 560016
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Tishya's Medical Device Development Solutions Private Limited, buy the company report.
Comprehensive company report
Tishya's Medical Device Development Solutions 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
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Brands
Tishya's Medical Device Development Solutions operates one associated brand: Medevplus. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of portable, affordable deep-tech medical devices utilizing optics and photonics technology for healthcare applications | medevplus.com |
Business activity
The main business activity of Tishya's Medical Device Development Solutions is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Tishya's Medical Device Development Solutions Private Limited, buy the company report.
Financials of Tishya's Medical Device Development Solutions Private Limited
FY 2025 filings availableTishya's Medical Device Development Solutions Private Limited reported revenue of ₹1.37 Cr (up 263% YoY) for FY 2023.
Revenue · FY 2023
₹1.37 Cr ▲ 263%
Net profit · FY 2023
₹10.84 Lakh margin 7.9%
EBITDA · FY 2023
₹28.32 Lakh margin 20.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 263%
3 years · compounded
▲ 255%
EBITDA CAGR growth
1 year
▲ 337%
3 years · compounded
▲ 48%
Revenue has grown at a compounded annual rate (CAGR) of 255% over three years, including 263% growth in the latest year. EBITDA rose 337% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.37 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹28.32 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.84 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.7% | ||||
| Net Profit Margin | 7.9% | ||||
| 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 Tishya's Medical Device Development Solutions Private Limited, buy the company report.
Board of directors of Tishya's Medical Device Development Solutions Private Limited
Tishya's Medical Device Development Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Smita Patnaik | Director | 11 Jun 2018 | 8 Years 4 Months | Current |
| Sweta Patnaik | Director | 11 Jun 2018 | 8 Years 4 Months | Current |
| Ravi Kiran Manapuram | Director | 03 May 2019 | 7 Years 6 Months | Current |
Auditor
Tishya's Medical Device Development Solutions Private Limited is audited by JAWAHARANDASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAWAHARANDASSOCIATES | FY 2023 | 001281S |
Shareholding
The shareholding of Tishya's Medical Device Development Solutions Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Tishya's Medical Device Development Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.39 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jul 2022 | 100610317 | Indian Bank | ₹1.39 Cr | Open |
To see the full charge records of Tishya's Medical Device Development Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Tishya's Medical Device Development Solutions 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 Tishya's Medical Device Development Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tishya's Medical Device Development Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCT8069H1ZQ | Karnataka | Active | 15 Jan 2019 |
To see the full GST registrations and return filing status of Tishya's Medical Device Development Solutions Private Limited, buy the company report.
Recent activity
Tishya's Medical Device Development Solutions Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Ravi Kiran Manapuram ceased to be Additional Director on 31 Dec 2020.
AGM
Tishya'S Medical Device Development Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Tishya'S Medical Device Development Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Indian Bank of Rs. 139.00 Lakh registered on 08 Jul 2022 with Charge ID 100610317 was modified on 28 Nov 2023.
Charges
A charge with Indian Bank amounted to Rs. 139.00 Lakh with Charge ID 100610317 was registered on 08 Jul 2022.
Ceased
Ravi Kiran Manapuram ceased to be Additional Director.
Appointed
Ravi Kiran Manapuram was appointed as Director.
Appointed
Smita Patnaik was appointed as Director.
Appointed
Sweta Patnaik was appointed as Director.
Incorporation
11 Jun 2018
Tishya'S Medical Device Development Solutions Private Limited was registered on 11 Jun 2018 with Roc Bangalore & aged 8 years 4 months as per MCA records.
Frequently asked questions
Tishya's Medical Device Development 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 11 June 2018 (8+ years old) and is registered under CIN U74999KA2018PTC113839.
Tishya's Medical Device Development Solutions has 3 current directors:
- Smita Patnaik - Director
- Sweta Patnaik - Director
- Ravi Kiran Manapuram - Director
The latest financial statements of Tishya's Medical Device Development Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Tishya's Medical Device Development Solutions is 29AAGCT8069H1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Tishya's Medical Device Development Solutions is U74999KA2018PTC113839. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tishya's Medical Device Development Solutions was incorporated on 11 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Ravi Kiran Manapuram ceased to be Additional Director on 31 Dec 2020. Ravi Kiran Manapuram was appointed as Director on 03 May 2019. Smita Patnaik was appointed as Director on 11 Jun 2018. Tishya's Medical Device Development Solutions has 4 board changes on record in total.
Yes, Tishya's Medical Device Development Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Tishya's Medical Device Development Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0129984).
Tishya's Medical Device Development Solutions can be reached through the website medevplus.com. Its registered office is in Bangalore, Karnataka, India.
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