Fortune MNC 500 India 2026 edition
Rank#452- Total income
- ₹394 Cr
- Profit
- ₹10 Cr
Last year #458
Sivantos India Private Limited - healthcare in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹387.2 Cr
▲ 42% YoY
Net profit · FY 2024
₹9.92 Cr
Net margin 2.6%
EBITDA · FY 2024
₹15.26 Cr
EBITDA margin 3.9%
Authorised capital
₹16 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Company age
28 yrs
Est. 1998
Employees · EPFO
190
Provident fund records
Directors on board
5
As per MCA filings
About Sivantos India Private Limited
Data last updated:
Sivantos India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Sivantos Gmbh. It operates in the healthtech and medical tech solutions segment of the healthcare sector. It was incorporated on 13 February 1998 and has been in existence for over 28 years.
Sivantos India is ranked #452 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85190KA1998PTC023380. Its GSTIN is 29AACCS0638P1ZV (Karnataka). The company holds 6 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Siemens Hearing Instruements Private Limited. It is led by directors including Avinash Ashokrao Pawar (Managing Director) and Ajay Gupta.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹387.2 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹9.92 Cr (net margin 2.6%) and EBITDA of ₹15.26 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 19% over five years.
The company has about 190 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sivantos. Court records list 33 cases involving the company, including 33 filed by the company; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website signia.net.
Company Details of Sivantos India Private Limited
CIN U85190KA1998PTC023380
Registration Number 023380
Incorporation Date 13 February 1998
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Sivantos Gmbh
Compliance Status Active Compliant
CIN History of Sivantos India Private Limited
Sivantos India has one previous CIN (Corporate Identification Number): U85110KA1998PTC023380. The current CIN is U85190KA1998PTC023380, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85190KA1998PTC023380 | Current |
| U85110KA1998PTC023380 | Previous |
Key People
Avinash Ashokrao Pawar Managing Director Ajay Gupta Director Mohan Narasimha Swamy Director Recognitions & Rankings of Sivantos India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSattva Knowledge Court Ground Floor Wing A – Office 1 Plot No. 9, Doddenakkundi I Phase Industrial Area Doddenakkundi Village K. R. Puram, Bangalore, Karnataka, India – 560048
- IndustryHealthcare, HealthTech & Medical Tech Solutions
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Associated Brands with Sivantos India Private Limited
Sivantos India operates one associated brand: Sivantos. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hearing aid systems and accessories are developed for professionals. | sivantos.com |
Business Activity of Sivantos India Private Limited
The main business activity of Sivantos India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Sivantos India Private Limited FY 2024 filings available
Sivantos India Private Limited reported revenue of ₹387.2 Cr (up 42% YoY) for FY 2024.
Revenue · FY 2024
₹387.2 Cr ▲ 42%
Net profit · FY 2024
₹9.92 Cr margin 2.6%
EBITDA · FY 2024
₹15.26 Cr margin 3.9%
Compounded Annual Growth Rate (CAGR) of Sivantos India Private Limited
Revenue CAGR growth
1 year
▲ 42%
3 years · compounded
▲ 36%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▲ 264%
3 years · compounded
▲ 34%
5 years · compounded
▲ 40%
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 42% growth in the latest year. EBITDA rose 264% 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 Sivantos India 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 | ₹15.26 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.92 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 of Sivantos India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Sivantos India are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Sivantos India Private Limited
Sivantos India has 5 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Ashokrao Pawar Also directs: Soundrise Hearing Solutions Private Limited | Managing Director | 30 Jun 2017 | 9 Years 3 Months | Current |
| Ajay Gupta | Director | 18 Mar 2020 | 6 Years 7 Months | Current |
| Mohan Narasimha Swamy | Director | 14 Jan 2020 | 6 Years 9 Months | Current |
| Melarcode Viswanathan Gowrishankar | Director | 28 Nov 2019 | 6 Years 10 Months | Current |
| Saket Jain | Additional Director | 11 Feb 2025 | 1 Years 8 Months | Current |
Peer Comparison of Sivantos India Private Limited
Sivantos India Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Healthcare Technology). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Curefit Healthcare Private Limited | ₹1,272.03 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Chennai, Tamil Nadu, India |
| Stryker India Pvt Ltd | ₹1,050.22 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| Providence Global Center LLP | ₹872.17 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Hyderabad, Telangana, India |
| Primera Medical Technologies Private Limited | ₹483.41 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Hyderabad, Telangana, India |
| Emids Technologies Private Limited | ₹409.18 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Bangalore, Karnataka, India |
| Sivantos India Private Limited this company | ₹387.2 Cr (FY 2024) | •••• | •••• | 42.0% | •••• | Bangalore, Karnataka, India |
| M-Swasth Solutions Private Limited | ₹264.66 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Bengaluru, Karnataka, India |
| Nextgen Healthcare India Private Limited | ₹259.79 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| E-Governance Solutions Private Limited | ₹244.15 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Mumbai, Maharashtra, India |
| DH Healthcare Software Services India Private Limited | ₹224.7 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Chennai, Tamil Nadu, India |
| Skanray Technologies Limited | ₹213.3 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Mysore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Sivantos India by revenue in the Healthcare industry (Healthcare Technology), 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 Sivantos India Private Limited
Sivantos India Private Limited is audited by Deloitte Haskins & Sells for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells | Locked | Locked | Locked |
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Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Sivantos India Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Sivantos India Private Limited
Sivantos India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Sivantos India Private Limited
Sivantos India Private Limited has 33 court cases on record: 33 filed by Sivantos India. 6 cases are pending and 27 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Total cases
33
Filed by the company
33
Pending
6
Disposed
27
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 0 | 6 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Yash Pharma Surgico | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
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Full case history
All 33 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Sivantos India Private Limited
Sivantos India Private Limited has a workforce of 190 employees as of Mar 30, 2024.
Employee count
190
Active EPFO establishments
1
Employee growth
58.33%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Sivantos India Private Limited
Sivantos India Private Limited has 23 board changes on record since 2007: 5 appointments and 18 cessations. The latest: Saket Jain was appointed as Additional Director on 11 Feb 2025.
Appointed
Saket Jain was appointed as Additional Director.
AGM
Sivantos India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Sivantos India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Ajay Gupta ceased to be Additional Director.
Ceased
Melarcode Viswanathan Gowrishankar ceased to be Additional Director.
Ceased
Mohan Narasimha Swamy ceased to be Additional Director.
Appointed
Ajay Gupta was appointed as Director.
Ceased
Kiran Narayana Rao ceased to be Director.
Appointed
Mohan Narasimha Swamy was appointed as Director.
Appointed
Melarcode Viswanathan Gowrishankar was appointed as Director.
Ceased
Vijayan Warrior ceased to be Director.
Ceased
Avinash Ashokrao Pawar ceased to be Director.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sivantos India Private Limited
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MSME Payment Delays by Sivantos India Private Limited
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MSME payment history
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Subsidiaries & Group Companies of Sivantos India Private Limited
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Corporate group structure
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GST Compliance of Sivantos India Private Limited
Sivantos India has 6 GST registrations: 4 active and 2 cancelled or inactive.
Total GSTINs
6
Active
4
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCS0638P1ZV | Karnataka | Active | 01 Jul 2017 |
| 27AACCS0638P1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 19AACCS0638P1ZW | West Bengal | Active | 23 Jul 2017 |
| 07AACCS0638P1Z1 | Delhi | Active | 26 Jul 2017 |
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GST registrations and filing compliance
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MCA Filings & Documents of Sivantos India Private Limited
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Related news about Sivantos India Private Limited
Frequently Asked Questions about Sivantos India Private Limited
Sivantos 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 13 February 1998 (28+ years old) and is registered under CIN U85190KA1998PTC023380.
Sivantos India reported revenue of ₹387.2 Cr for FY 2024 (up 42% YoY).
Sivantos India has 5 current directors:
- Avinash Ashokrao Pawar - Managing Director
- Ajay Gupta - Director
- Mohan Narasimha Swamy - Director
- Melarcode Viswanathan Gowrishankar - Director
- Saket Jain - Additional Director
Sivantos India reported a net profit of ₹9.92 Cr (net margin 2.6%) and EBITDA of ₹15.26 Cr (EBITDA margin 3.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sivantos India is 36% over three years and 19% over five years. In the latest year (FY 2024) revenue rose 42%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sivantos India is 29AACCS0638P1ZV, registered in Karnataka. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 27AACCS0638P1ZZ (Maharashtra), 19AACCS0638P1ZW (West Bengal), 07AACCS0638P1Z1 (Delhi).
The CIN (Corporate Identification Number) of Sivantos India is U85190KA1998PTC023380. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sivantos India has 33 court cases on record: 33 filed by the company. 6 are pending. Most are in the district courts.
Sivantos India was incorporated on 13 February 1998, making it 28+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Sivantos India by revenue are Curefit Healthcare Private Limited, Stryker India Pvt Ltd, Providence Global Center LLP, Primera Medical Technologies Private Limited, Emids Technologies Private Limited and 5 more, all in the Healthcare industry (Healthcare Technology).
Saket Jain was appointed as Additional Director on 11 Feb 2025. Ajay Gupta ceased to be Additional Director on 30 Dec 2020. Melarcode Viswanathan Gowrishankar ceased to be Additional Director on 30 Dec 2020. Sivantos India has 23 board changes on record in total.