Mylab Discovery Solutions Profile
Key Indicators
- Authorised Capital ₹ 20.00 Cr
- Paid Up Capital ₹ 10.01 Cr
- Company Age 8 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 333.73 Cr
- Satisfied Charges ₹ 25.50 Cr
- Revenue Growth -68.04%
- Profit Growth -90.33%
- Ebitda -86.49%
- Net Worth 9.69%
- Total Assets 56.53%
About Mylab Discovery Solutions
Mylab Discovery Solutions Private Limited (MDSPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 31 May 2016 (Eight years and nine months 11 days old ). Its registered office is in Pune, Maharashtra, India.
The Company is engaged in the Life Sciences Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 20.00 Cr and a paid-up capital of Rs 10.01 Cr.
The company currently has active open charges totaling ₹333.73 Cr. The company has closed loans amounting to ₹25.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mylab Discovery Solutions Private Limited India is Gunvant Gaikwad as COMPANY SECRETARY. Sujit Jain, Hasmukh Rawal, Shrikant Patole, and Three other members serve as directors at the Company.
Company Details
- Location
Pune, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74999PN2016PTC164780
- Company No.
164780
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
31 May 2016
- Date of AGM
30 Dec 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Pune
Industry
Life Sciences
What products or services does Mylab Discovery Solutions Private Limited offer?
Mylab Discovery Solutions Private Limited offers a wide range of products and services, including Rapid Test Kit, Diagnostic Test Kit, Medical Laboratory Instruments, PCR Machine, Audio Mixer, Recorder & Transmitter, Media Receiver, Testing & Measuring Equipments, Water Testing Kits, Computer Software & Mobile Apps, Investment Software.
Who are the key members and board of directors at Mylab Discovery Solutions?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Hasmukh Rawal  | Managing Director | 31-May-2016 | Current |
| Gunvant Gaikwad | Company Secretary | 12-Oct-2023 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shailendra Kawade | Director | 31-May-2016 | Current |
| Sujit Jain | Director | 01-Apr-2020 | Current |
| Shrikant Patole | Director | 01-Apr-2020 | Current |
| Rahul Patil | Director | 01-Jul-2019 | Current |
| Gautam Wankhede | Director | 01-Apr-2020 | Current |
Financial Performance of Mylab Discovery Solutions.
Mylab Discovery Solutions Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 68.04% decrease. The company also saw a substantial fall in profitability, with a 90.33% decrease in profit. The company's net worth moved up by a moderate rise of 9.69%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mylab Discovery Solutions?
In 2022, Mylab Discovery Solutions had a promoter holding of 50.00% and a public holding of 50.00%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
4A Financial Technologies Private LimitedShailendra Kawade is a mutual person
Netsurf Communications Private LimitedSujit Jain is a mutual person
Mylab Lifesolutions Private LimitedHasmukh Rawal, Rahul Patil and 1 more are mutual person
Ajay Bio-Tech (India) LimitedSujit Jain is a mutual person
Netsurf Research Labs Private LimitedSujit Jain is a mutual person
- Seva Infotech Private Limited
Sujit Jain and Hasmukh Rawal are mutual person
Charges (Loans)
Open Charges
₹333.73 Cr
Satisfied Charges
₹25.50 Cr
Charges Breakdown by Lending Institutions
- Others : 184.53 Cr
- Axis Bank Limited : 59.00 Cr
- Canara Bank : 40.00 Cr
- Indian Bank : 32.00 Cr
- Idbi Bank Limited : 14.00 Cr
- Others : 4.20 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Aug 2023 | Idbi Bank Limited | ₹14.00 Cr | Open |
| 06 Jun 2023 | Indian Bank | ₹32.00 Cr | Open |
| 29 May 2023 | Axis Bank Limited | ₹59.00 Cr | Open |
| 20 Apr 2023 | Others | ₹5.30 M | Open |
| 28 Feb 2023 | Others | ₹60.00 Cr | Open |
How Many Employees Work at Mylab Discovery Solutions?
Mylab Discovery Solutions has a workforce of 437 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Mylab Discovery Solutions, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mylab Discovery Solutions's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Mylab Discovery Solutions
Recent activity within the organization
- Charges
A charge with Others of Rs. 40.00 Cr registered on 13 Apr 2020 with Charge ID 100334530 was modified on 28 Feb 2024.
- Annual General Meeting
Mylab Discovery Solutions Private Limited last Annual general meeting of members was held on 30 Dec 2023 as per latest MCA records.
- Director Appointment
Gunvant Vilas Gaikwad was appointed as a Company Secretary was appointed as a Company Secretary on 12 Oct 2023 & has been associated with this company since 1 year 5 months .
- Charges
A charge with Idbi Bank Limited amounted to Rs. 14.00 Cr with Charge ID 100793537 was registered on 28 Aug 2023.
- Charges
A charge with Indian Bank amounted to Rs. 32.00 Cr with Charge ID 100747643 was registered on 06 Jun 2023.
- Charges
A charge with Axis Bank Limited amounted to Rs. 59.00 Cr with Charge ID 100748543 was registered on 29 May 2023.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Mylab Discovery Solutions Private Limited?
Mylab Discovery Solutions Private Limited was incorporated on 31 May 2016.
What is authorized share capital and paid-up capital of Mylab Discovery Solutions Private Limited?
The authorized share capital of Mylab Discovery Solutions Private Limited is ₹ 20.00 Cr and paid-up capital is ₹ 10.01 Cr.
Who are the current board members & directors of Mylab Discovery Solutions Private Limited?
Currently 7 directors are associated with Mylab Discovery Solutions Private Limited.
- Sujit Sohanlal Jain
- Hasmukh Sohanraj Rawal
- Shrikant Gopichand Patole
- Rahul Subhash Patil
- Shailendra Balasaheb Kawade
- Gunvant Vilas Gaikwad
- Gautam Ravishekhar Wankhede
What is the registered address of Mylab Discovery Solutions Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mylab Discovery Solutions Private Limited is Plot No 99-B Lonavala Industrial Co-Operative Estate Ltd, Nangargaon India, Lonawala, Maharashtra, 410401.
What is the corporate identification number (CIN) and company number of Mylab Discovery Solutions Private Limited?
The corporate identification number (CIN) of Mylab Discovery Solutions Private Limited is U74999PN2016PTC164780 and the company number is 164780 as per Ministry of Corporate Affairs (MCA).
What is the official website of Mylab Discovery Solutions Private Limited?
The Official website of Mylab Discovery Solutions Private Limited is https://www.mylabdiscoverysolutions.com
What has been the recent revenue trend for Mylab Discovery Solutions Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Mylab Discovery Solutions Private Limited has fallen by -68.04%.
How many employees does Mylab Discovery Solutions Private Limited currently have?
As Per 2022 financial reports, 437 employees are currently employed by Mylab Discovery Solutions Private Limited.
What change has been observed in the net worth of Mylab Discovery Solutions Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Mylab Discovery Solutions Private Limited has experienced an upsurge of 9.69%.
What are the total open charges for Mylab Discovery Solutions Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Mylab Discovery Solutions Private Limited amount to ₹ 333.73 Cr.
When was the last Balance Sheet of Mylab Discovery Solutions Private Limited filed with the ROC?
The most recent Balance Sheet for Mylab Discovery Solutions Private Limited was filed with the ROC on 31 Mar 2023.
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