About Veranex India Private Limited
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Veranex India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Veranex, Inc.. It operates in the healthtech and medical tech solutions segment of the healthcare sector. It was incorporated on 23 August 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018PTC115656. Its GSTIN is 29AAACQ5547K1ZZ (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Thiyagarajan Ramasamy and David Wilke Dockhorn.
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 Amr Tech Park – 1A 2nd Floor 664/23 & 24/3A Hongasandra Beside Oxford College, Bangalore, Karnataka, India – 560068.
As per the financials filed for FY 2024, the company reported a revenue of ₹49.22 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹5.02 Cr (net margin 10.2%) and EBITDA of ₹7.35 Cr (EBITDA margin 14.9%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 9% over five years.
The company has 2 deals on record (2 secondary share transfers); the latest was in March 2024.
For more details, the company can be reached via its website quartesian.com.
Company details
Contact details
Veranex India Private Limited's registered office is in Bangalore, Karnataka. Its website is quartesian.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAmr Tech Park – 1A 2nd Floor 664/23 & 24/3A Hongasandra Beside Oxford College, Bangalore, Karnataka, India – 560068
- IndustryHealthcare, HealthTech & Medical Tech Solutions
To see the full contact details of Veranex India Private 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
Business activity
The main business activity of Veranex India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Veranex India Private Limited, buy the company report.
Financials of Veranex India Private Limited
FY 2025 filings availableVeranex India Private Limited reported revenue of ₹49.22 Cr (down 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 23% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Revenue | ₹49.22 Cr | ||||
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| EBITDA | ₹7.35 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹5.02 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.9% | ||||
| Net Profit Margin | 10.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Veranex India Private Limited, buy the company report.
Board of directors of Veranex India Private Limited
Veranex India has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thiyagarajan Ramasamy | Director | 23 Aug 2018 | 8 Years 2 Months | Current |
| David Wilke Dockhorn | Additional Director | 06 Nov 2024 | 1 Years 11 Months | Current |
| Suman Raveesh | Additional Director | 07 Sep 2026 | 0 Years 1 Months | Current |
Auditor
Veranex India Private Limited is audited by K P Rao & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K P Rao & Co. | FY 2024 | 003135S |
Shareholding
The shareholding of Veranex India Private 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 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Veranex India Private Limited, buy the company report.
Deals & funding
Veranex India Private Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2024.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Veranex inc & Thyagarajan Ramaswamy, Veranex inc Seller: Quartesian LLC & Thiyagarajan Ramasamy, Quartesian LLC |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Quartesian LLC & Thiyagarajan Ramasamy, Quartesian LLC Seller: 4 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 Veranex India 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 Veranex India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Veranex India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACQ5547K1ZZ | Karnataka | Active | 08 Jan 2021 |
To see the full GST registrations and return filing status of Veranex India Private Limited, buy the company report.
Recent activity
Veranex India Private Limited has 7 board changes on record since 2018: 3 appointments and 4 cessations. The latest: Suman Raveesh was appointed as Additional Director on 07 Sep 2026.
Frequently asked questions
Veranex India is an active private limited company based in Bangalore, Karnataka, India. The company works in healthtech and medical tech solutions, within the healthcare industry. It was incorporated on 23 August 2018 (8+ years old) and is registered under CIN U72900KA2018PTC115656.
Veranex India has 3 current directors:
- Thiyagarajan Ramasamy - Director
- David Wilke Dockhorn - Additional Director
- Suman Raveesh - Additional Director
The latest financial statements of Veranex India 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 Veranex India is 29AAACQ5547K1ZZ, registered in Karnataka.
The CIN (Corporate Identification Number) of Veranex India is U72900KA2018PTC115656. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veranex India was incorporated on 23 August 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Veranex India has 2 deals on record (2 secondary share transfers); the latest was in March 2024.
Suman Raveesh was appointed as Additional Director on 07 Sep 2026. Vladimir Mats ceased to be Director on 10 Dec 2024. David Wilke Dockhorn was appointed as Additional Director on 06 Nov 2024. Veranex India has 7 board changes on record in total.
Veranex India can be reached through the website quartesian.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Veranex India is at Amr Tech Park – 1A 2nd Floor 66423 & 243A Hongasandra Beside Oxford College, Bangalore, Karnataka, India – 560068.