by Suman Gupta
- The company is looking to raise capital through an IPO to finance the expansion of its network and services
- Invicta operates in a hub-and-spoke model, with one flagship centre located at Thane, three hubs located at Bhayandar, Byculla, and Marol, and four spokes in Lower Parel, Sewri, Mazgaon, and Kalwa
- The company plans to open 10 more diagnostic centres at strategic locations across Maharashtra in the next 12-18 months
- Recorded a total revenue of Rs. 15.83 crore and a profit (PAT) of Rs. 3.80 crore in FY24 Based on Restated Consolidated Financial compared with total revenue of Rs. 6.84 crore and a profit (PAT) of Rs. 0.23 crore in FY23 Based on Restated Standalone Financial; targets a revenue of Rs. 25 crores in FY25
- Appoints Socradamus Capital Private Limited as the book running lead manager
July , 2024: Invicta Diagnostics Limited (“The Company”), a prominent diagnostic services provider under the brand name ‘PC Diagnostics’, today announced its plans to achieve a revenue of Rs. 60 crores by the financial year 2027. The company is planning to raise capital via an initial public offering (IPO) to finance its strategic expansion plans. It has appointed Socradamus Capital Private Limited as the book running lead manager to the offer.
The Mumbai-headquartered company reported a total revenue of Rs. 15.83 crore and a profit (PAT) of Rs. 3.80 crore in FY24 based on Restated Consolidated Financial, compared with total revenue of Rs. 6.84 crore and a profit (PAT) of Rs. 0.23 crore in FY23 based on Restated Standalone Financial. The company is on track to achieve a total revenue of Rs. 25 crores in FY2025.
Operating a robust network of 8 diagnostic centres in Mumbai and its suburbs, in a hub-and-spoke model, Invicta Diagnostics established itself as a reliable diagnostic services provider. It has one flagship centre located at Thane equipped to conduct all pathology specimens collection, basic and advanced radiology tests, three hubs located at Bhayandar, Byculla, and Marol, offering specialised services and supporting four satellite centres (spokes) in Lower Parel, Sewri, Mazgaon, and Kalwa. The company is planning to open 10 more diagnostic centres at strategic locations across Maharashtra in the next 12-18 months.
Speaking about the company’s ambitious plans, Mr. Rohit Prakash Srivastava, Promoter and CFO, Invicta Diagnostics Limited, said, “Quality and affordability have been the cornerstones of our success since our inception in 2021. We have made significant investments in hiring experienced radiologists and technicians to offer uncompromising services to our customers. Continuing our pursuit of excellence, we are exploring funding opportunities through an IPO to invest in advanced machinery and expansion plans to improve service quality.”
The company’s larger diagnostic centres (hubs) are equipped with advanced testing machinery, such as CT scans and MRIs, while smaller centres (spokes) offer basic tests such as sonography and X-rays. These spokes also function as sample collection centres for the company.
Invicta Diagnostics Limited and its brand “PC Diagnostics” were conceptualised and founded by Dr. Ketan Jayantilal Jain and Dr. Sanket Vinod Jain, its Promoters and Non-Executive directors, who are first-generation entrepreneurs in healthcare and have more than ten years and seven years of experience, respectively, in integrated diagnostics business, and both are qualified radiologists along with company’s Promoter and CFO, Rohit Prakash Srivastava who has also been actively involved in the operations since 2021 as a management advisor.
Later on, Invicta added two more Investor promoters for better growth opportunities. The company’s current Promoters include Dr. Ketan Jayantilal Jain, Dr. Sanket Vinod Jain, Rohit Prakash Srivastava and Investor Promoters, Badal Kailash Naredi and Jayesh Prakash Jain, and the company has significantly benefited from their vision and leadership, and they have been instrumental in formulating and executing the core strategy of Invicta Diagnostics.
