Pathology, radiology, home testing, genomics, listed and more: the companies building clinical laboratory chains in India, with their founders, funding, team size and business models.
Recent clinical laboratory chains business events in India
Funding, M&A, contract wins and launches involving 253 clinical laboratory chains companies in India, last 24 months: 25 M&A deals · 4 funding rounds · 1 Launch · 1 Contract. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Oct 2025.
M&AAcquisition · Completed
ICICI Prudential Mutual Fund, HSBC Mutual Fund Midcap Fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, Eastspring Investments acquires Thyrocare technologies
Several major institutional investors, including ICICI Prudential Mutual Fund, HSBC Mutual Fund Midcap Fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Eastspring…
ICICI Prudential Mutual Fund has significantly increased its stake in Thyrocare Technologies, crossing the 5% threshold through a series of secondary market purchases.
Shardul Amarchand Mangaldas advised Novo Holdings A/S in connection with its investment in Medgenome Inc., as a part of the company’s USD 47.5 million Series E funding round, co-led by…
Earlier this year, Metropolis made two acquisitions to increase its presence in North India: Dr Ahuja’s Pathology and Imaging Centre in Dehradun, and Scientific Pathology in Agra—both…
Authum Investment & Infrastructure Ltd. announced it has entered into a Share Subscription cum Purchase Agreement (SSPA) to acquire a 35.09% stake in Rivaara Labs Private Limited.
The facility has introduced the Siemens Healthineers Magnetom Flow Plus at its newly opened centre in Whitefield, Bengaluru, marking a breakthrough in patient-friendly and…
MRI system
M&AAcquisition · Announced
Sterling accuris acquires Gujarat and Maha Gujarat Pathology Laboratories
Sterling Accuris announces the acquisition of Gujarat and Maha Gujarat Pathology Laboratories, a pathology service provider in Ahmedabad.
Krsnaa Diagnostics Limited has entered into a Share Purchase and Share Subscription Agreement (SPSS) and a Shareholders Agreement (SHA) with Apulki Healthcare Private Limited (AHPL) to…
The company has acquired Delhi NCR-based specialty cancer testing chain Core Diagnostics for Rs 247 crore through a combination of cash and stock in December last year.
Molecular diagnostics company Lucence said this week that Agilus Diagnostics will distribute Lucence's LiquidHallmark circulating tumor DNA profiling test throughout India for…
Fortis Healthcare Limited has successfully completed the acquisition of a 31.52% equity stake in its material subsidiary, Agilus Diagnostics Limited, previously held by private equity…
Fortis Healthcare Ltd announced the acquisition of 5,970,149 equity shares from the International Finance Corporation (IFC), representing a 7.61 per cent stake in its material…
Suraksha Diagnostic Limited raised ₹253 crore from anchor investors ahead of its public issue, according to an exchange filing by the company on Thursday, November 28.
Manipal HealthMap, the diagnostics arm of Manipal Group, on Tuesday said it has fully acquired Mumbai-based iGenetic Diagnostics for an undisclosed amount.
Lakshmikumaran and Sridharan advised Krsnaa Diagnostics Limited, a listed entity on its acquisition of 23.35% stake in Apulki Healthcare Private Limited.
The board of Redcliffe Labs has passed a resolution of approval for the acquisition of shares of Celara Diagnostics Pvt Ltd for an amount not exceeding Rs 60 crore ($7 million).
Funding Amount: USD 42 Million Investors: Denmark's Investment Fund for Developing Countries (IFU), LeapFrog Investments, HealthQuad, Spark Growth Ventures Redcliffe Labs, a Noida-based…
Clinical laboratory chains companies in India, by revenue
Browse clinical laboratory chains companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 100 clinical laboratory chains companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.
Showing 25 of 50
Company & businessRevenueRevenue growthHeadcount & growthAgeJobs · last 3 months
Physics · Jai Hind College Basantsing Institute Of Science And J T Lalvani College Of Commerce 23 24 Backba Reclamation A Road Churchgate Mumbai 400 020
Every company, not just 50All 220 clinical laboratory chains companies in India, filterable by stage, funding, team size, revenue model and age.
Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
Save and exportBuild lists, compare companies side by side and export them from your Radar account.
Explore clinical laboratory chains companies in India by what you are looking for
Browse top clinical laboratory chains in India, including pathology and radiology diagnostic chains. You can also find clinical laboratory startups in India, listed clinical laboratory companies in India and clinical laboratory chains hiring in India.
7 ways to explore clinical laboratory chains in India
Pathology lab chainsRadiology & diagnostic imaging centresAt-home lab testing & sample collection companiesGenomics & molecular diagnostics companiesListed clinical laboratory chains in IndiaClinical laboratory startups in India
Pathology lab chains
Chains of pathology laboratories offering blood tests and health check-ups.
Healthcare organization that provides precision diagnostics and testing services, with a focus on pathology, molecular biology, and advanced cardiac risk assessments
The most-installed Android apps published by clinical laboratory chains companies headquartered in India — 21.7M installs between them. 30 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.
Revenue, profit and growth from the filed annual accounts of 89 clinical laboratory chains companies in India for FY24-25 — 106 of the 220 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 58% of the revenue, so medians describe the typical company better than totals.
combined revenue, FY24-25₹10,165.50 cr
89 companies filing accounts
combined net profit₹643.86 cr
6.3% aggregate margin
are profitable76%
68 of 89 companies
median revenue~₹16.3 cr
the typical company
median revenue growth+12%
into FY24-25
earned by the top five58%
revenue concentration
Six-year view
Combined revenue of filing companies
₹4,983.86 crFY19-2077 filers
₹6,490.66 crFY20-2180 filers
₹8,177.61 crFY21-2289 filers
₹7,978.51 crFY22-2396 filers
₹9,339.58 crFY23-2498 filers
₹10,165.50 crFY24-2589 filers
The number of companies filing changes each year; the three-year cohort below compares like with like.
Like-for-like
The same 83 companies over three years
+32%
FY22-23₹7,614.37 cr₹148.16 cr net
FY23-24₹8,871.40 cr−₹11.99 cr net
FY24-25₹10,043.82 cr₹650.98 cr net
Companies with accounts for all three years, so growth is not an artefact of who filed.
Scale and profit
Bigger companies are far more often profitable
Under ₹1 cr667% profitable
₹1–10 cr2688% profitable
₹10–100 cr4075% profitable
₹100–1,000 cr1560% profitable
Over ₹1,000 cr2100% profitable
Companies by FY24-25 revenue. Bars show how many companies sit in each band.
Momentum
How fast revenue moved into FY24-25
Shrinking13
0–20%47
20–50%16
50–100%4
Doubled+5
85 companies with accounts for both years; median growth +12%.
Profitability
Profit is concentrated at the top
68profitable
21loss-making
6.3%aggregate margin
3.0%median margin
The aggregate margin is pulled up by a few large filers; the median shows the typical company.
Growth leaders · ₹10 cr+ revenue
Fastest growing, FY24-25
Company
Growth
Revenue
NuraFujifilm Dkh Llp
Konnect DiagnosticsKONNECT IMAGING AND DIAGNOSTICS PRIVATE LIMITED
+131%
₹76.85 cr
Orange HealthOrchard Healthcare Private Limited
AspiraASPIRA PATHLAB & DIAGNOSTICS LIMITED
+64%
₹22.39 cr
GDGENERAL DIAGNOSTICS INTERNATIONAL PRIVATE LIMITED
Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.
Industry landscape report
Accounting and Tax Software Industry Landscape of India
The financials above are one chapter. The full clinical laboratory chains landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.
The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.
Capital & corporate activity
Clinical laboratory chains funding and M&A across India
55 recorded equity rounds have gone to 253 clinical laboratory chains companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.
equity rounds, last 12 months0
US$0k
equity rounds, last 24 months2
US$59.50m
raised over five yearsUS$347.46m
16 rounds in India
M&A deals, India25
last 24 months
Capital by year
Equity funding into clinical laboratory chains in India
amount rounds
$43m20182
$27m20194
$63m20205
$70m20214
$168m20225
$7.1m20234
$54m20242
$48m20251
Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$168.38m across 5 rounds.
13 clinical laboratory chains companies in India have recorded equity funding, US$793.74m in total. Totals and round dates describe the historical record; they are not current valuations.
Most funded
Largest recorded equity totals, with the latest recorded round.
Clinical laboratory chains
Provider of DNA sequencing, bioinformatics, and multiomics services
Recorded equity fundingUS$264.50mSeries E · Jul 2025
Physics · Jai Hind College Basantsing Institute Of Science And J T Lalvani College Of Commerce 23 24 Backba Reclamation A Road Churchgate Mumbai 400 020
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Founders and momentum in India
Meet the people behind clinical laboratory chains companies in India. 100 of 220 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.
Fastest revenue growth
Clinical laboratory chains companies in India with the highest one-year revenue growth among those reporting at least ₹5 crore in revenue. Growth is the reported one-year change for the period shown.
Clinical laboratory chains
Provider of diagnostic services, including pathology, imaging, and non-invasive cardiology
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Growing teams
Companies whose recorded headcount rose the most between the two most recent team-size snapshots. A larger team is a signal of momentum, not of profitability.
Clinical laboratory chains
Chain of pathology and radiology labs
Team size10,238Up from 32 in the previous snapshot
Leadership · 1
AM
Abhishek M MogiliManaging Director
Clinical laboratory chains
Chain of diagnostic centers
Team size2,004Up from 191 in the previous snapshot
Founder · 1
SR
Surender ReddyFounder & CEO
Clinical laboratory chains
Chain of pathology labs
Team size2,519Up from 449 in the previous snapshot
Founder · 1
PR
Prathap ReddyFounder
Clinical laboratory chains
Chains providing diagnostic testing services, health checkups, and doctor consultations
Team size2,284Up from 1,100 in the previous snapshot
Physics · Jai Hind College Basantsing Institute Of Science And J T Lalvani College Of Commerce 23 24 Backba Reclamation A Road Churchgate Mumbai 400 020
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Women-founded
Clinical laboratory chains companies in India with at least one woman on the founding team. Expand a profile to meet the founders; teams can include both women and men.
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Recently founded
Clinical laboratory chains companies in India founded in the last four years, newest first.
Clinical laboratory chains
Provider of diagnostic imaging services, including MRI, CT scan, and teleradiology to patients with access to advanced medical imaging solutions
Founded2024Unfunded
Founders
Details not available
Clinical laboratory chains
Pathology laboratory that provides comprehensive diagnostic solutions, leveraging state-of-the-art technology and commitment to quality care, catering to individual and corporate requirements
Founded2024Unfunded
Founders
Details not available
Clinical laboratory chains
Chain of diagnostic labs providing specialized genetic testing services
Healthcare organization that provides precision diagnostics and testing services, with a focus on pathology, molecular biology, and advanced cardiac risk assessments
Founded2023Unfunded
Founders
Details not available
Clinical laboratory chains
Chain of pathology centers
Founded2023Unfunded
Founders
Details not available
Clinical laboratory chains
Medical diagnostic laboratory that provides various health services, including treatment, consultation, and testing
Founded2023Unfunded
Founders
Details not available
Clinical laboratory chains
Healthcare service provider specializing in advanced radiology and pathology solutions with state-of-the-art facilities
Founded2023Unfunded
Founders
Details not available
Clinical laboratory chains
Chain of diagnostic centers
Founded2023Unfunded
Founders
Details not available
Clinical laboratory chains
Provider of listing and appointment booking platform with doctors
Founded2022Unfunded
Founder · 1
RU
Ravi UtsavCo-Founder & COO
Clinical laboratory chains
Healthcare company, offers a range of medical products, including pathology and radiology equipment, and provides laboratory testing services
We will reply with coverage, fields and pricing for your use case.
Radar members
Log in to see every figure
Filed revenue, profit and growth for every company on this page are available with a Radar account. Log in and you will come straight back here with all figures open.