What we do Modern Diagnostic & Research Centre Ltd provides comprehensive diagnostic healthcare services including pathology and radiology through a network of 21 centers across 8 Indian states and some African countries. |
Founded in 1,985 |
Market share Known for affordable, integrated diagnostic solutions with a nationwide presence in India. |
Problem solved Addresses need for accessible, timely, and affordable diagnostic testing in healthcare. |
Top clients or who we serve Serves healthcare providers and patients across India and select African markets; B2C-focused diagnostic services. |
Key management - |
Our journey and innovations Started in 1985 as a proprietorship, converted to public limited in 2024, launched IPO in 2026; implemented PACS for digital image management. |
Where we operate India (majority revenue), Kenya, Nepal, Uganda, Tanzania, Ethiopia. |
Top products or what we offer Ultrasound, CT scan, MRI, Digital X-ray, Mammography, Heart Lab, Neuro Lab, ECG, and other advanced diagnostic tests. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from recurring diagnostic test services. |
Our industry position Emerging diagnostic service provider with integrated offerings and expanding footprint in India. |
Financial highlights Revenue ₹77.95 crore, Net Profit ₹8.97 crore in FY 2024-25. |
Geographical revenue split India contributes 77% of revenue; balance from select African and Nepal markets. |
Order book - |
Whats driving growth Increasing demand for affordable diagnostics, expansion of centers, adoption of advanced technologies. |
Our future plans Expand diagnostic centers, invest in new technologies, and enhance digital healthcare solutions. |
Our green promise - |
Our people and values - |
Key challenges ahead Competition from large diagnostic chains and maintaining quality across regions. |
Interesting facts Pioneered integrated pathology and radiology services with advanced PACS system in its region. |
Risks and strategy Mitigating competitive risks by focusing on affordability, technology, and geographic expansion. |
