Best Hospital Equipment Companies in India
The 102 best Hospital Equipment companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: vTitan.
India's Hospital Equipment sector has 102 companies tracked in our directory, ranked by disclosed equity funding and recent momentum, and the gap between headline funding and actual earned revenue is the real story here.
Combined, 51 filers show a revenue pool of $89M, with a median company pulling in $355,770 and growing at 11% YoY. That's not glamorous, but it's real. Allied Medical leads on revenue at $19M (up 12%), while Xcellance Medical Technologies posted $12M at a striking 23% growth clip. The profit picture is even sharper: Xcellance, Ace Hygiene Products, and Noccarc each cleared roughly $3M in net income, running 249 to 255 times the sector median net income of $12,600. So when you see total disclosed funding of just $32M across 102 companies, the natural question is: how much of this industry is quietly self-financing? I'd argue most of it. Top funded names like vTitan ($10M) and InnAccel ($6M) sit alongside government-backed backers like BIRAC and C-CAMP, which signals a sector that leans on institutional grants over venture capital. Pro Healthcare Scientific's revenue growth of 975% YoY is the outlier that demands a closer look, and it won't be the last surprise in a market still finding its ceiling.
- businesswire.com
- prnewswire.com
Ranked: Best Hospital Equipment companies in India
| # | Company | Revenue | Disclosed funding | Employees | Founded | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Allied Medical Manufacturer of anesthesia and hospital equipment | $19M FY2025 | $2M | 144 144 → 345 (+140%) | 1982 | Anita Kohli Co-Founder | WordPressMySQLPHP+30 | 1 launch |
| 2 | Alfaa UV UV air & water purification systems | $13M FY2025 | — | 416 | 2004 | Rajul Parikh Co-Founder & Director | WordPressMySQLPHP+33 | — |
| 3 | Clarity Medical Physiological monitoring systems | $6M FY2025 | — | — | 2003 | Surendar Rangi CEO | Cart FunctionalityShopifyYouTube+25 | — |
| 4 | InnAccel Developer of medical devices for critical care, obstetrics, and neonatology | $4M FY2025 | $6M | 45 45 → 84 (+87%) | 2012 | Vibhav Joshi Co-Founder & Director | WordPressMySQLPHP+23 | 1 award |
| 5 | Carevel Medical Systems Medical equipment manufacturer | $3M FY2025 | — | — | 2000 | Mukesh Agarwal CEO | YouTubeNginxOpenResty+6 | — |
| 6 | Airox Technologies Manufacturer of PSA oxygen generators and related medical equipment | $3M FY2025 | — | 98 98 → 155 (+58%) | 2010 | — | WordPressMySQLPHP+16 | 1 job opening · 1 launch |
| 7 | Absstem Manufacturer and supplier of medical oxygen generator | $3M FY2021 | — | 32 32 → 48 (+50%) | 2017 | — | WordPressMySQLPHP+24 | — |
| 8 | Arklite speciality lamps Range of products for UV disinfection | $2M FY2025 | — | 54 54 → 54 (+0%) | 1996 | Ravi Kulkarni CEO & Managing Director | Cart FunctionalityWooCommerceWordPress+25 | 1 job opening · 1 partnership |
| 9 | Noccarc Developer of smart ventilators for respiratory care | $2M FY2025 | $5M | 61 61 → 79 (+30%) | 2017 | Harshit Rathore Co-Founder & CTO | Wix eCommerceWixSentry+13 | 1 job opening |
| 10 | Buy Sanitab Manufacturer of FDA approved disinfectant tablets | $1M FY2025 | — | — | 2020 | Namrata Parikh Co-Founder | — | — |
| 11 | Afford Medical Technologies Manufacturer of medical equipment, operation facilities, and hospital furniture | $781K FY2025 | — | 15 | 1998 | Dayanidhi Nadathur Founder & CEO | — | — |
| 12 | Akshay Embedded Systems Provider of designing and developing embedded-based solutions for the healthcare and manufacturing industries | $618K FY2025 | — | 22 | 2017 | — | — | — |
| 13 | vTitan Manufacturer of medical devices for infusion therapy, monitoring, and radiology | $458K FY2025 | $10M | 125 125 → 137 (+10%) | 2010 | Peri Kasthuri Co-Founder & CEO | RequireJScore-jsHSTS+2 | — |
| 14 | Strl Bio Provider of air disinfection systems for hospitals and healthcare institutions | $397K FY2022 | $12K | — | 2020 | Valli Akella Data Scientist/Data Analyst | — | — |
| 15 | Biofimed Developer of UV-based air sanitization devices for hospital infection control | $378K FY2022 | $2M | 18 | 2018 | Sriram Velliyur Co-Founder | — | — |
| 16 | Bonphul Air Products Manufacturer of oxygen generator | $298K FY2025 | $719K | 13 | 2017 | Prodyut Kumar Bora Co-Founder & CEO | PHPGoogle MapsYouTube+8 | — |
| 17 | D4 Surgicals Hospital furniture manufacturer | $127K FY2025 | — | — | 2003 | Sachet Mahajan Co-Founder | — | — |
| 18 | Evelabs Developer of a smart infusion monitor for hospitals and home-cares | $90K FY2025 | $319K | 17 | 2016 | Sruthy Gopal Co-Founder & COO | ERPNextCart FunctionalityMariaDB+16 | — |
| 19 | Cureous Developer of AI‑enabled patient engagement and care coordination platform | $88K FY2024 | $456K | — | 2020 | Asish Mohandas Founder & CEO | Wix eCommerceWixSentry+13 | — |
| 20 | ZedBlox Provider of temperature-controlled carrier designed to maintain the potency | $50K FY2025 | $402K | — | 2018 | Rao Korupolu Co-Founder & CEO | WordPressMySQLPHP+22 | — |
| 21 | Genrich Membranes Developer of oxygen enrichment unit | $24K FY2025 | $75K | 2 | 2014 | Ulhas Kharul Co-Founder | — | — |
| 22 | OneBreath Developer of portable mechanical ventilators for intensive care patients | $20K FY2021 | $3M | 2 | 2013 | Vijay Simha CEO | — | — |
| 23 | Aspire Developer of surgical instruments and hospital equipment | $16K FY2025 | — | — | 2022 | Sandeep Karla Co-Founder | — | — |
| 24 | Biomoneta Manufacturer of medical devices for the decontamination of indoor air | $6K FY2025 | $757K | 8 | 2014 | Janani Venkatraman Co-Founder | BootstrapNginxjQuery | — |
| 25 | Edith HealthCare Provider of isolation beds and related services for healthcare facilities | $3K FY2021 | — | — | 2021 | Shubham Shah Founder | — | — |
| 26 | Coeo Labs Provider of medical devices for emergency and critical care | $2K FY2019 | $657K | 2 | 2014 | Nitesh Kumar Jangir Co-Founder & Director | — | — |
| 27 | Lifetrons Developer of phototherapy and sterilization device | $1K FY2023 | $22K | — | 2017 | Kiran R Kanthi Founder & CEO | — | — |
Top 12 Hospital Equipment companies in India
#1
Seed · Bengaluru, Karnataka · founded 2020$456.4Kraised▾
Developer of AI‑enabled patient engagement and care coordination platform. The platform facilitates automated outreach, appointment scheduling, and follow‑up communications using conversational AI agents. It supports secure integration with healthcare systems, patient data repositories, and clinical workflows to deliver personalized engagement at scale. The system enables triage guidance, reminders, feedback collection, and resource navigation without manual intervention. Robust monitoring and logging capabilities offer visibility into patient interactions, engagement metrics, and operational performance. The platform supports configurable messaging channels across voice, SMS, and chat interfaces and enables segment‑based targeting and content customization. Collaboration tools allow administrators to design, adjust, and manage engagement flows. The solution is tailored for healthcare providers seeking efficient, automated care coordination and patient communication workflows.
- Aug 2025Seed$189.4K
- Apr 2025Seed$201.4K
- Nov 2024Seed$29.6K
- Apr 2024Seed$36K
#2
Series A · Pune, Maharashtra · founded 2017 · 61 employees$4.6Mraised▾
Developer of smart ventilators for respiratory care. It offers smart ventilators connected with HorizonView a cloud-based data-driven platform that monitor ventilation data and waveforms on central system and mobile device for respiratory care at ICU and critical care solutions.
- Jan 2024Seed$878.8K
- Sep 2023Seed$2M
- Nov 2022Angel—
- Oct 2020Seed$811.9K
#3
Seed · Bengaluru, Karnataka · founded 2012 · 45 employees$6.1Mraised▾
Developer of medical devices for critical care, obstetrics, and neonatology. It offers devices for secretion management, fetal heart rate monitoring, and neonatal breathing support. The company focuses on creating infrastructure-independent and portable solutions. The devices are designed for deployment in underserved communities.
- Apr 2022Angel$572.6K
- Apr 2021Seed$848.4K
- Oct 2020Seed$1.5M
- Aug 2020Grant (prize money)$605K
#4
Seed · Chengalpattu, Tamil Nadu · founded 2010 · 125 employees$10.1Mraised▾
Manufacturer of medical devices for infusion therapy, monitoring, and radiology. It offers a range of products including infusion pumps (syringe and IV), patient monitoring systems (cardiac monitors, electronic stethoscopes), and radiology equipment (CT guided intervention tools). The devices are designed for use in hospitals and clinics, supporting various medical procedures and patient care needs.
- Jan 2018Angel$10M
- Jan 2017Seed—
- Aug 2011Seed$2.9M
- Mar 2011Angel$92.1K
#5
Early Stage · Gurugram, Haryana · founded 1982 · 144 employees$2.3Mraised▾
Alliedmed manufactures and exports medical equipment. Categories include Anesthesia machines & workstations, vaporizers & ventilators, cardiac defibrillators, infusion pumps, and monitoring products among others. The company is ISO 9001 and ISO 13485 accredited.
- Mar 2022Unattributed$1.6M
- Jan 2021Unattributed$245.4K
- Mar 2020Unattributed$510.4K
#6
Deadpooled · Bengaluru, Karnataka · founded 2018 · 18 employees$2.4Mraised▾
Developer of UV-based air sanitization devices for hospital infection control. The company's proprietary technology has developed the UVEE airpro device that uses ROS mechanism to purifiers dust and suspends particulate matter for filtration of airborne microbes. It also provides air filters that have mini-pleat HEPA, gel-seal HEPA filters for surface and air sanitization. Other products include UVEE ACpro, UVEE powertron, and more.
- Aug 2021Seed$808.2K
- Jul 2020Seed$1.2M
- Apr 2020Seed$66.1K
- Jul 2019Seed$360.5K
#7
Seed · Bengaluru, Karnataka · founded 2013 · 2 employees$3.4Mraised▾
Developer of portable mechanical ventilators for intensive care patients. The company has developed a platform for mechanical ventilation and its first product is a portable ventilator for ICUs in hospital environments. Incubated at Stanford, OneBreath has been tied up in Indian hospitals that lack supply for these devices.
- Aug 2018Seed$197.4K
- Mar 2017Seed$348.1K
- Mar 2015Angel$47.8K
- Jan 2014Seed$2.9M
#8
Series A · Hyderabad, Telangana · founded 2018$401.9Kraised▾
Provider of temperature-controlled carrier designed to maintain the potency. It provides precise temperature control and offers live monitoring and alerts also helps reduce wastage.
- Nov 2022Series A$274.5K
- Jan 2022Seed$127.4K
#9
Seed · Thiruvananthapuram, Kerala · founded 2016 · 17 employees$319.3Kraised▾
Developer of a smart infusion monitor for hospitals and home-cares. The company develops Dripo a wireless electronic monitor to measure and display the flow rate in gravity infusions and share the data wirelessly enabling the healthcare professionals to set, manage and monitor infusion and the data.
- Jul 2022Seed$200K
- Apr 2021Seed$38.2K
- Jul 2018Seed—
- May 2017Seed$37.6K
#10
Seed · Delhi, Delhi · founded 2017 · 13 employees$718.6Kraised▾
Bonphul Air Products is a manufacturer of oxygen generator. The company provides oxygen optimizer for commercial and residential purposes. The company claims that its product OxyMax provides rich oxygen contents after processing the outdoor air.
- Jun 2021Angel$411K
- Apr 2019Angel—
- May 2018Angel$292.2K
- Nov 2017Seed$15.5K
#11
Seed · Bengaluru, Karnataka · founded 2014 · 8 employees$756.6Kraised▾
Manufacturer of medical devices for the decontamination of indoor air. These systems utilize technology designed to capture and neutralize airborne microorganisms. The equipment functions in the presence of people to reduce the concentration of pathogens in various environments. The devices are engineered for use in healthcare facilities, laboratories, and residential spaces to maintain air quality.
- Jun 2020Seed$567.5K
- May 2020Angel$79.1K
- May 2017Grant (prize money)$46.4K
- Feb 2017Seed$74.6K
#12
Seed · Bengaluru, Karnataka · founded 2014 · 2 employees$656.8Kraised▾
Provider of medical devices for emergency and critical care. Current projects include prevention of ventilator-associated pneumonia in intubated patients in the ICU, temporary management of complications of raised intracranial pressure in patients with traumatic brain injury, and mechanical CPAP for neonates with respiratory distress syndrome in resource-constrained settings.
- Aug 2017Grant (prize money)—
- Feb 2017Seed$462.4K
- Nov 2016Grant (prize money)—
- Feb 2016Seed$129.5K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Hospital Equipment coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.