Nidan Laboratories & Healthcare Ltd (NIDAN) Share Price & Fundamentals

What we do

Nidan Laboratories & Healthcare Ltd provides comprehensive healthcare diagnostics including pathology, radiology, cardiology, and neurology services through an integrated network of centers in Mumbai and Pune.

Founded in

2,000

Market share

Operates over 35 diagnostic centers with a strong presence in northern Mumbai and Pune, serving over 1 million patients annually.

Problem solved

Offers reliable, affordable, and comprehensive diagnostic services under one roof, improving healthcare access and timely diagnosis.

Top clients or who we serve

Serves both private and government hospitals, catering to retail patients and healthcare providers (B2C and B2B).

Key management

Dr. Nitin Vithalrao Thorave (Founder and CEO)

Our journey and innovations

Started as a proprietary firm in 1994; expanded into multiple diagnostics centers; introduced branded pathology ('NIDANPATH') and radiology services ('NIDAN DIAGNOSTICS').

Where we operate

Geographically focused in Mumbai and Pune regions, India.

Top products or what we offer

Offers about 740 routine and 3000 specialized pathology tests, 220 basic and 320 advanced radiology tests including MRI and CT scans.

Top brands

Nidan Healthcare (diagnostics), NIDANPATH (pathology), NIDAN DIAGNOSTICS (radiology), Asian Nidan Imaging Centre

Raw materials needed

-

Raw materials supplier

-

Recurring vs cyclical contribution

Revenue mainly recurring from diagnostic tests and healthcare services.

Our industry position

Mid-sized player focused on integrated diagnostics with a strong regional footprint and trusted brand presence.

Financial highlights

FY 2024-25 revenue Rs. 24.53 crores; net profit Rs. 1.98 crores showing return to profitability after previous loss.

Geographical revenue split

Predominantly Mumbai and Pune region.

Order book

-

Whats driving growth

Expanding diagnostic centers, increasing healthcare awareness, and partnerships with hospitals.

Our future plans

Focus on network expansion, technological upgrades, and enhanced customer convenience services including home sample collection.

Our green promise

-

Our people and values

Employs 94 medical doctors and 256 technical staff, emphasizing quality, reliability, and customer satisfaction.

Key challenges ahead

Competitive market, maintaining quality standards, regulatory compliance, and scaling operational efficiency.

Interesting facts

Successfully operates 16 franchisee centers; integrated radiology and pathology services under one brand.

Risks and strategy

Mitigates risks via quality controls, technology adoption, and market expansion strategies.