MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-TS-02-0009342
Trustlab Diagnostics Private Limited - healthcare in Secunderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹7.97 Cr
▲ 35% YoY
Net loss · FY 2024
₹4.59 Cr
Net margin -57.6%
EBITDA · FY 2024
-₹2.04 Cr
EBITDA margin -25.6%
Authorised capital
₹16 Cr
Registered with MCA
Paid-up capital
₹6.4 Cr
Issued & subscribed
Open charges
₹3.87 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
150
Provident fund records
About Trustlab Diagnostics Private Limited
Data last updated:
Trustlab Diagnostics Private Limited is a private limited company based in Secunderabad, Telangana, India. It operates in the diagnostic centers and pathology labs segment of the healthcare sector. It was incorporated on 22 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U85100TG2020PTC143059. Its GSTIN is 36AAICT0344D1ZN (Telangana). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹6.4 Cr. It is led by directors Cherukuri Venkata Suman (Managing Director) and Bapineedu Tummala.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Secunderabad, Telangana.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.97 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net loss of ₹4.59 Cr (net margin -57.6%) and EBITDA of -₹2.04 Cr (EBITDA margin -25.6%).
The company has about 150 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: TRUSTlab. As per MCA filings, the company has open charges of ₹3.87 Cr on record. Court records list 7 cases involving the company, including 1 filed by the company and 6 filed against it; 4 cases are pending. The company has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹29.5 Lakh; the latest was in February 2022. Its 3 peer companies in the Healthcare industry (Diagnostics and Pathology Labs), with the same principal business activity (other hospital and medical care activities) are compared by revenue, 1 larger and 2 smaller; the largest is B N Healthcare Private Limited with revenue of ₹7.98 Cr.
Trustlab Diagnostics Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0009342). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mytrustlab.com.
Company details
CIN U85100TG2020PTC143059
Registration Number 143059
Incorporation Date 22 August 2020
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TS-02-0009342
Recognitions & Rankings of Trustlab Diagnostics
Contact details
Trustlab Diagnostics Private Limited's registered office is in Secunderabad, Telangana. Its website is mytrustlab.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressH.No.31/2 2Rt (Old) H.No.1 – 8, 617/2(New) Street No.5 Prakash Nagar, Secunderabad, Telangana, India – 500016
- IndustryHealthcare, Diagnostic Centers & Pathology Labs
To see the full contact details of Trustlab Diagnostics Private Limited, buy the company report.
Comprehensive company report
Trustlab Diagnostics 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
Trustlab Diagnostics operates one associated brand: TRUSTlab. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates a chain of pathology laboratory centers for diagnostic services. | mytrustlab.com |
Business activity
The main business activity of Trustlab Diagnostics is hospital and medical care. In detail, this covers other hospital and medical care activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| Q | Hospital and Medical Care | Q6 | Other Hospital and Medical Care Activities |
To see the full business activity and turnover split of Trustlab Diagnostics Private Limited, buy the company report.
Financials of Trustlab Diagnostics Private Limited
FY 2024 filings availableTrustlab Diagnostics Private Limited reported revenue of ₹7.97 Cr (up 35% YoY) for FY 2024.
Revenue · FY 2024
₹7.97 Cr ▲ 35%
Net loss · FY 2024
₹4.59 Cr margin -57.6%
EBITDA · FY 2024
-₹2.04 Cr margin -25.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 35%
EBITDA CAGR growth
1 year
▼ 253%
Revenue rose 35% in the latest year. EBITDA fell 253% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | 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 | -₹2.04 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹4.59 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -25.6% | |||
| Net Profit Margin | -57.6% | |||
| 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 Trustlab Diagnostics Private Limited, buy the company report.
Board of directors of Trustlab Diagnostics Private Limited
Trustlab Diagnostics has 2 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 |
|---|---|---|---|---|
| Cherukuri Venkata Suman | Managing Director | 01 Jan 2021 | 5 Years 9 Months | Current |
| Bapineedu Tummala Also directs: Trustlife Health Technologies Private Limited | Director | 01 Aug 2022 | 4 Years 2 Months | Current |
Peer comparison
Trustlab Diagnostics Private Limited is compared with the 3 companies closest to it by revenue in the Healthcare industry (Diagnostics and Pathology Labs), with the same principal business activity (other hospital and medical care activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| B N Healthcare Private Limited | ₹7.98 Cr (FY 2024) | -16.0% | Tinsukia, Assam, India | |||
| Trustlab Diagnostics Private Limitedthis company | ₹7.97 Cr (FY 2024) | -₹4.59 Cr | -57.6% | 35.0% | 150 | Secunderabad, Telangana, India |
| Bharat Scans Private Limited | ₹7.9 Cr (FY 2024) | 5.0% | Chennai, Tamil Nadu, India | |||
| Primex Healthcare and Research Private Limited | ₹7.87 Cr (FY 2024) | 9.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Trustlab Diagnostics Private Limited, buy the company report.
Auditor
Trustlab Diagnostics Private Limited is audited by SWATI S RAO & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SWATI S RAO & ASSOCIATES | FY 2021 | 139468W |
Shareholding
The shareholding of Trustlab Diagnostics Private Limited is on record for FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Trustlab Diagnostics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.87 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2022 | 100691473 | Others | ₹3.68 Cr | Open | |
| 10 Feb 2021 | 100443692 | Hdfc Bank Limited | ₹19.24 Lakh | Open |
Total charge records: 2 View all charges
Deals & funding
Trustlab Diagnostics Private Limited has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹29.5 Lakh; the latest was in February 2022.
Total deals
2
Rights issue
1
Funding round
1
Disclosed funding
₹29.5 Lakh
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Funding round | ₹29.5 Lakh | Investors: 4 individuals |
| Jan 2021 | Rights issue | ₹6.09 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Trustlab Diagnostics Private Limited has 7 court cases on record: 1 filed by Trustlab Diagnostics, 6 filed against it. 4 cases are pending and 3 are disposed.
Total cases
7
Filed by the company
1
Filed against the company
6
Pending
4
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 4 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed by the company against M/S. Immunogenic Solutions Private Limited, Rep. by Its Director Vamsi Krishna Yadlapalli | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Transasia Bio Medicals Ltd Through Its Mr Dheeraj Kailash Vishwakarma | Disposed |
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed against the company by M/S. Maruthi Medical Sciences Rep by V. Srinivas | Pending |
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed against the company by M/S. Maruthi Medical Services Rep by V. Srinivas Goud | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by M/S NKV Pathlabs Private Limited | Pending |
To see the full case history of Trustlab Diagnostics Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Trustlab Diagnostics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Trustlab Diagnostics Private Limited has a workforce of 150 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
150
Active EPFO establishments
1
Employee growth
10.29%
GST
Trustlab Diagnostics has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAICT0344D1ZN | Telangana | Active | 27 Feb 2021 |
| 29AAICT0344D1ZI | Karnataka | Active | 25 Feb 2022 |
To see the full GST registrations and return filing status of Trustlab Diagnostics Private Limited, buy the company report.
Recent activity
Trustlab Diagnostics Private Limited has 6 board changes on record since 2021: 2 appointments and 4 cessations. The latest: Bapineedu Tummala ceased to be Additional Director on 30 Sep 2022.
AGM
Trustlab Diagnostics Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Trustlab Diagnostics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Charges
A charge with Others amounted to Rs. 3.68 Cr with Charge ID 100691473 was registered on 27 Dec 2022.
Ceased
Bapineedu Tummala ceased to be Additional Director.
Appointed
Bapineedu Tummala was appointed as Director.
Ceased
Nikhila Pinjala ceased to be Director.
Ceased
Rama Krishna Pinjala ceased to be Director.
Ceased
Cherukuri Venkata Suman ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.19 Cr with Charge ID 100443692 was registered on 10 Feb 2021.
Appointed
Cherukuri Venkata Suman was appointed as Managing Director.
Incorporation
22 Aug 2020
Trustlab Diagnostics Private Limited was registered on 22 Aug 2020 with Roc Hyderabad & aged 6 years 2 months as per MCA records.
Frequently asked questions
Trustlab Diagnostics is an active private limited company based in Secunderabad, Telangana, India. The company works in diagnostic centers and pathology labs, within the healthcare industry. It was incorporated on 22 August 2020 (6+ years old) and is registered under CIN U85100TG2020PTC143059.
Trustlab Diagnostics has 2 current directors:
- Cherukuri Venkata Suman - Managing Director
- Bapineedu Tummala - Director
The latest financial statements of Trustlab Diagnostics on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Trustlab Diagnostics is 36AAICT0344D1ZN, registered in Telangana. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAICT0344D1ZI (Karnataka).
The CIN (Corporate Identification Number) of Trustlab Diagnostics is U85100TG2020PTC143059. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Trustlab Diagnostics has 7 court cases on record: 1 filed by the company and 6 filed against it. 4 are pending.
Trustlab Diagnostics was incorporated on 22 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Hyderabad.
Trustlab Diagnostics has 2 deals on record (1 rights issue, 1 funding round), with disclosed funding of ₹29.5 Lakh; the latest was in February 2022.
The peers of Trustlab Diagnostics by revenue are B N Healthcare Private Limited, Bharat Scans Private Limited, Primex Healthcare and Research Private Limited, all in the Healthcare industry (Diagnostics and Pathology Labs), with the same principal business activity (other hospital and medical care activities).
Bapineedu Tummala ceased to be Additional Director on 30 Sep 2022. Bapineedu Tummala was appointed as Director on 01 Aug 2022. Nikhila Pinjala ceased to be Director on 01 Aug 2022. Trustlab Diagnostics has 6 board changes on record in total.
Yes, Trustlab Diagnostics is registered as a small enterprise under Udyam registration (number: UDYAM-TS-02-0009342).