When was Thyrocare founded?

Thyrocare was founded in 1996 and raised its 1st funding round 10 years after it was founded.

Where is Thyrocare located?

Thyrocare is headquartered in Mumbai, India. It is registered at 2ND FLOOR, PLOT No: D-123, TTC, MIDC VILLAGE SHIRVANE, NODE NERUL, Thane, NAVI MUMBAI, Maharashtra, India, 400706.

Which legal entities is Thyrocare associated with?

Thyrocare is associated with THYROCARE TECHNOLOGIES LIMITED and 4 others.

How many employees does Thyrocare have?

As of Jul 31, 2025, the latest employee count at Thyrocare is 1885.

Is Thyrocare a funded company?

Thyrocare is a funded company, having raised a total of $63.6M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jun 01, 2006.

How much is Thyrocare worth?

The last known valuation of Thyrocare was $***** as of Jun 25, 2021.

When was the latest funding round of Thyrocare?

Thyrocare's latest funding was a $***** Post IPO round on Jun 28, 2017, with participation from 1 investor.

What is the annual revenue of Thyrocare?

Annual revenue of Thyrocare is ₹702Cr as on Mar 31, 2025.

Where does Thyrocare rank among its competitors?

Thyrocare ranks 2nd amongst 307 active competitors, of which 10 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Cult.fit, which secured $47M in Mar, 2026.

Who are the top competitors of Thyrocare?

Thyrocare's top competitors include Cult.fit, Redcliffe Labs and Suraksha Diagnostics. Among them, Cult.fit secured the most recent funding round in March, 2026.

Thyrocare - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Thyrocare an acquired company?

Thyrocare got acquired by API Holdings on Jun 25, 2021.

Thyrocare is an acquired company based in Mumbai (India), founded in 1996 by Arokiaswamy Velumani. It operates as a Chain of diagnostic and preventive care laboratories centers. Thyrocare has raised $63.6M in funding from investors like The Times Of India, Norwest and CX Partners, with last known valuation of $*****. The company has 307 active competitors, including 10 funded and 19 that have exited. Its top competitors include companies like Cult.fit, Redcliffe Labs and Suraksha Diagnostics.

Company Details

Chain of diagnostic and preventive care laboratories centers. It provides fully automated leading pathology & radiology testing, diagnostics, and preventive healthcare services at affordable rates. It supplies services to labs, hospitals, and corporates.

Website: www.thyrocare.com/
Social
Email ID: *****@thyrocare.com
Phone Number: +91 **********, +91 **********
Registered Address: 2ND FLOOR, PLOT No: D-123, TTC, MIDC VILLAGE SHIRVANE, NODE NERUL, Thane, NAVI MUMBAI, Maharashtra, India, 400706

Key Metrics

Founded Year

1996

Location

Mumbai, India

Stage

Acquired

Total Funding

$63.6M in 4 rounds

Latest Funding Round

Post IPO, Jun 28, 2017, $*****

Last Known Valuation

$***** as on Jun 25, 2021

Investors

The Times Of India & 7 more

Ranked

2^nd among 307 active competitors

Annual Revenue

₹702Cr as on Mar 31, 2025

Employee Count

1,885 as on Jul 31, 2025

Investment & Acquisitions

Think Health Care & 2 more

Similar Companies

Redcliffe Labs & 885 more

Exit Details

Acquired by API Holdings (Jun 25, 2021)

View Thyrocare's full profile

Thyrocare is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
IHEART PROPERTIES PRIVATE LIMITED CIN: U45201MH2002PTC135842 , India, Active	May 10, 2002	$23.2M (As on Mar 31, 2025)	-
IHEART RESORTS PRIVATE LIMITED CIN: U85195MH1996PTC097154 , India, Active	Feb 12, 1996	$793K (As on Mar 31, 2025)	-
IBRAIN RESORTS LIMITED CIN: U85196MH2005PLC157815 , India, Converted to LLP	Dec 05, 2005	$0 (As on Mar 31, 2024)	-
THYROCARE TECHNOLOGIES LIMITED CIN: L85110MH2000PLC123882 , India, Active	Jan 28, 2000	$83.1M (As on Mar 31, 2025)	1885 (As on Jul 31, 2025)
IBRAIN ENTERPRISES PRIVATE LIMITED CIN: U85100MH1996PTC097153 , India, Converted to LLP	Feb 12, 1996	$1.71K (As on Mar 31, 2024)	-

Thyrocare got acquired by API Holdings on Jun 25, 2021 at an acquisition amount of $*****.

Click here to take a look at Thyrocare's acquisition in detail

Thyrocare has raised a total funding of $63.6M over 4 rounds. Its first funding round was on Jun 01, 2006. Its latest funding round was a Post IPO round on Jun 28, 2017 for $*****. 1 investor participated in its latest round. Thyrocare has 8 institutional investors.

Here is the list of recent funding rounds of Thyrocare:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 28, 2017	8530934	Post IPO	4025813	1563104	6919183	4244809
Sep 26, 2012	6073328	Series B	8247996	1512201	2520382	8990142
Dec 25, 2010	5917181	Series B	4140397	7225145	CX Partners	5791082

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View details of Thyrocare's funding rounds and investors

The founders of Thyrocare is Arokiaswamy Velumani.

Here are the details of Thyrocare's key team members:

Arokiaswamy Velumani: Former Founder of Thyrocare and founder of 1 other company. They are also an angel investor in 7 startups.
Contact Info: 1 email address

Thyrocare's Board of Directors

Thyrocare's board has 14 active members. Alok Kumar Jagnani and Alok Kumar Jagnani are part of team and Dhaval Shah, Dharmil Nirupam Sheth, Anandh Sundar, Harshil Jiten Vora, Harshil Jiten Vora, Nishant Amilal Shah, Nishant Amilal Shah, Rahul Franklin Guha, Prapti Ishwar Gilada, Indumati Gopinathan, Rahul Franklin Guha and Indumati Gopinathan are independent board members.

Here is the list of Thyrocare's board of directors:

Name	Type	Representing	Status	Duration
rswvppg	Team	-	Current	6y 4m
tsxgqnt	Team	-	Past	3y 7m
Dhaval Shah	Independent board member	-	Current	4y 7m
dcewdha	Independent board member	-	Current	6y 1m
wulrugu	Independent board member	-	Current	9y 5m
ctjeldr	Independent board member	-	Current	6y 8m
obidvla	Independent board member	-	Current	1y 4m
zuoepnl	Independent board member	-	Past	8y 9m
odb{eud	Independent board member	-	Past	3y 3m
niquujc	Independent board member	-	Past	1y 4m
hambjch	Independent board member	-	Past	3y 4m
garukrp	Independent board member	-	Past	7y 1m
joxnqyp	Independent board member	-	Past	6y 1m
lmrw{bt	Independent board member	-	Past	8y 9m

View details of Thyrocare's Founder profiles and Board Members

Thyrocare's employee count trend

Thyrocare has 1,885 employees as of Jul 25. The total employee count is 1.0% more than what it was in Jul 24. Here is Thyrocare's employee count trend over the years:

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Top competitors of Thyrocare include Cult.fit, Redcliffe Labs and Suraksha Diagnostics. Here is the list of Top 10 competitors of Thyrocare, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cult.fit 2016, Bengaluru (India), Series G	Provider of fitness memberships encompassing group classes, gyms, and at-home workouts	$714M	Accel, Kalaari Capital & 95 others	86/100
2nd	Thyrocare 1996, Mumbai (India), Acquired	Chain of diagnostic and preventive care laboratories centers	$63.6M	Nalanda Capital, Norwest & 6 others	79/100
3rd	Redcliffe Labs 2018, Noida (India), Series C	Chains providing diagnostic testing services, health checkups, and doctor consultations	$116M	Alkemi Growth Capital, HealthQuad & 18 others	75/100
4th	Suraksha Diagnostics 2005, Kolkata (India), Public	Provider of pathology, molecular diagnostics, and diagnostics imaging services	$49M	Orbimed, Lighthouse & 11 others	66/100
5th	Agilus Diagnostics 1995, Gurugram (India), Late Stage	Diagnostic chain providing quality blood test and full body checkup services	$349M	RHC Holding, Oscar Investments & 18 others	63/100
6th	Vijaya Diagnostic Centre 1981, Hyderabad (India), Public	Chain of diagnostic centers	$7.65M	Kedaara	59/100
7th	Neuberg Diagnostics 1938, Chennai (India), Seed	Provider of a wide range of diagnostic tests, including pathology, genetic, and preventive health packages	$112M	Kotak Alternate Asset Managers & 13 others	58/100
8th	Suburban Diagnostics 1994, Mumbai (India), Acquired	Chain of diagnostic labs	$16.3M	Peak XV Partners, Innoven Capital & 2 others	56/100
9th	Pulse Diagnostics 2001, Kolkata (India), Unfunded	Chain of radiology and pathology labs	-	-	55/100
10th	Igenetic 2013, Mumbai (India), Acquired	Provider molecular diagnostic solutions and services	$24M	British International Investment, Manipal Group ... & 41 others	53/100

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Thyrocare has made 1 investment in Equinox and acquired Think Health Care and Thinkhealthcare.info.

Here is the list of these investments and acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 05, 2024	Acquisition	Think Health Care	2017	Chennai (India)
Feb 01, 2024	Acquisition	Thinkhealthcare.info	2009	Madrid (Spain)
Mar 15, 2018	Investments	Equinox	2005	Mumbai (India)