INVICTA DIAGNOSTIC LTD

Invicta Diagnostic Limited was incorporated as Limited Liability Partnership under the name 'Invicta Diagnostic LLP' vide Certificate of Incorporation dated January 22, 2021 issued by Assistant Registrar of Companies, Central Registration Centre. Further, Invicta Diagnostic LLP converted into a Private Limited Company as 'Invicta Diagnostic Private Limited' dated December 01, 2023. Subsequently, Company converted from a Private Limited to a Public Limited Company, and the name was changed to 'Invicta Diagnostic Limited' and a fresh Certificate of Incorporation dated July 02, 2024 was issued by the Central Processing Centre. Invicta Diagnostic Limited is an innovative diagnostic chain in Mumbai Metropolitan Region (MMR) offering comprehensive radiology and pathology solutions. It offer a one-stop solution for pathology and radiology testing services such as imaging (including radiology) and pathology/clinical laboratory to customers through a network, consisting of 8 diagnostic centres and 1 centralised laboratory across Mumbai Metropolitan Region in Maharashtra. The business and brand 'PC Diagnostics' were conceptualised and founded by Dr. Ketan Jayantilal Jain and Dr. Sanket Vinod Jain, Promoters and Non-Executive directors, who are a first-generation entrepreneur in healthcare and have more than 10 years and 7 years of experience, respectively, in integrated diagnostics business and both are a radiologist. The Promoter and Chief Financial Officer, Rohit Prakash Srivastava, have been involved in our business and operations since 2021 as Management Advisor. The history dates back to 2021, when the Promoters established the first 'PC Diagnostics' Centre in Thane, Maharashtra having the entire gamut of services including PET CT Scans, CT Scans, MRI Scans, Sonography, X-Ray and Pathology. The test menu includes pathology tests ranging from basic biochemistry and clinical pathology which are performed at their own centres to cytogenetics and high-end molecular diagnostic tests which are outsourced to larger reference laboratories, and radiology tests from basic echocardiograms, X-rays and ultrasounds to advanced radiology tests including computerised tomography (CT) scans, magnetic resonance imaging (MRI) scans and advanced positron emission tomography CT (PET CT). The Company acquired majority shareholding in 'PCD Diagnostics LLP' for a full-fledged diagnostic centre in Marol, Andheri East, forming it as the subsidiary in 2023. Thereafter, it acquired majority shareholding in 'Primacare Healthcare LLP' for a full-fledged diagnostic centre in Byculla, forming it as subsidiary and further acquired majority shareholding in 'Pratham MRI and CT Scan Centre' for a full-fledged diagnostic centre in Bhayandar, forming it a subsidiary in 2023. In 2024, the Company acquired a diagnostic centre in Sewri from PCD Medical LLP, acquired a diagnostic centre in Parel from Primacare Diagnostic LLP and acquired a centralised laboratory in Parel from Porteus Path Lab LLP. The Company further formed 'Invicta Medical LLP' as a subsidiary for setting up of diagnostic centre in Kalwa, Thane in 2024. In FY 2025, Company acquired Porteus Medical LLP, 'Primacare Diagnostic LLP, for setting up of a diagnostic centre in Dadar, Mumbai, making it a subsidiary of the Company. The Company came up with its initial public offering by issuing 33,08,000 equity shares of Rs 10 each by raising Rs 28.12 crores in December 2025.