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The Maharashtra edition · 2026

Traditional medical devicescompanies in Maharashtra

Surgical, dental & orthopedic, diagnostics & lab, therapeutic & equipment, distributors and more: the companies building traditional medical devices in Maharashtra, with their founders, funding, team size and business models.

Explore in Radar See the ranked list ↓
102 company profiles60 with reported revenue1 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent traditional medical devices business events in India

Funding, M&A, contract wins and launches involving 630 traditional medical devices companies in India, last 24 months: 10 M&A deals · 3 launches · 1 Contract · 1 funding round. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Completed

Singularity Equity Fund 1 acquires Hemant Surgical Industries

Ace investor Madhusudan Kela has acquired a 5% stake in Hemant Surgical Industries, with the company allotting 6,49,600 equity shares to Singularity Equity Fund 1 — the fund through…

Medical consumables and surgical products
Launch

Bpl medical technologies

During the conference, the company unveiled a suite of next-generation imaging and digital health solutions through expert‑led launch sessions conducted alongside BPL’s leadership.

Imaging, Digital Health
LaunchBPL Cortex

Bpl medical technologies

Further expanding its AI portfolio, BPL Medical Technologies unveiled BPL Cortex, an AI-powered radiology platform designed to enhance clinical decision-making, streamline workflows, and…

AI-powered radiology platform
M&AAcquisition · Announced

Healthium medtech acquires Paramount Surgimed

Healthium Medtech, a global medtech company with a growing portfolio across surgical, post-surgical, advanced wound care, arthroscopy and infection prevention, announced that it has…

Medtech
LaunchPhilips 5G smartphone

Osel devices

Osel has stepped beyond feature phones and unveiled a fresh lineup of two Philips 5G smartphone models, each offered in three variants. These new devices pack specifications like 6 and…

Smartphone
ContractService

Sathlokhar Synergys E&C Global Ltd · client: Helmier Private Limited

The company received a domestic civil works order worth Rs. 24.06 crore (including GST) from Helmier Private Limited, a medical disposables and equipment startup focused on anaesthesia,…

Infrastructure
M&AAcquisition · Completed

Sudarshan Pharma acquires Ishwari Healthcare

Sudarshan Pharma has informed exchanges that it has acquired 2,09,100 equity shares of Ishwari Healthcare of Rs 10 each (51 per cent of paid up equity share capital) at a revised…

Healthcare
M&AAcquisition · Announced

Hemant Surgical Industries acquires Solar Opto-Medic Private Limited

According to the latest regulatory filings with the BSE, Hemant Surgical Industries Limited has entered into a Share Purchase Agreement (SPA) for the acquisition of 100 percent equity…

Health Care, Treatment and Diagnosis
M&AAcquisition · Completed

Celltech acquires Cistron

Celltech Group plc has made its third acquisition in 10 months, buying Cistron Biotechnology Inc., of Pine Brook, N.J., for US$18 million in stock.

Biotechnology
M&AAcquisition · Completed

Elekta acquires IMPAC Medical Systems

Elekta (Stockholm, Sweden) reported completing its acquisition of Impac Medical Systems (Mountain View, California), following approval of the transaction by Impac stockholders early…

Oncology software
M&AAcquisition · Pending

Elekta acquires Cms

Elekta (Stockholm, Sweden), a provider of clinical solutions for radiation therapy and radiosurgery, said it has agreed to acquire CMS (St. Louis) for about $75 million in Cash.

M&AAcquisition · Announced

Na acquires Cistron

Plans put in place last May to sell Cistron Biotechnology Inc. may finally be realized as the Pine Brook, N.J.-based company said it signed a letter of intent with a major…

Biotechnology
M&AAcquisition

Tpg acquires Healthium medtech

Others include a $200-million investment in Fractal Analytics and the $350-million acquisition of Healthium Medtech from TPG and other shareholders.

FundingAcquisition

Healthium medtech

$840 million acquisition of the Bengaluru-based medical devices maker Healthium Medtech by KKR

Investors Kkr
Medical devices
M&AAcquisition · Announced

Sudarshan Pharma acquires Ishwari Healthcare

…approved to acquire 2,09,100 equity shares of Rs10 each of Ishwari Healthcare Private Limited equivalent to 51 per cent of the paid up equity share capital of the company and enter into…

Medical and surgical instruments

Traditional medical devices companies in Maharashtra, by revenue

Browse traditional medical devices companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 60 traditional medical devices companies in Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Provider of medical devices

Traditional medical devices
₹289.49 crFY 2024-25
+5%2024–2025
118LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Provider of infection control & prevention, hand instrument hygiene, and skin protection

Traditional medical devices
₹145.87 crFY 2024-25
+7%2024–2025
141LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Provider of medical devices and equipment for anesthesia, critical care, rehab

Traditional medical devices
₹141.89 crFY 2024-25
+19%2024–2025
—Not available
5 yr2021
0none in 3 months

Manufacturer of dialyzer, fistula needle, heparin solution, face masks, sanitizers, catheter & infudion sets

Traditional medical devices
₹111.64 crFY 2024-25
+2%2024–2025
91+6% 12 mo to Sep 2024LinkedIn · Oct 2026
41 yr1985
1postings · last posted Sep 2026

Manufacturer & supplier of electrosurgical generator, sealing clamps, and ball electrode

Traditional medical devices
₹105.19 crFY 2024-25
+24%2024–2025
205-30% 12 mo to Sep 2024LinkedIn · Oct 2026
24 yr2002
0none in 3 months

Manufacturer of sterile surgical wound dressing products and medical disposables

Traditional medical devices
₹82.66 crFY 2022-23
Not reported
21+62% 12 mo to Sep 2024recorded Sep 2024
75 yr1951
—No postings tracked

Manufacturer of electronic medical equipment

Traditional medical devices
₹81.46 crFY 2024-25
+33%2024–2025
60LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Automated clinical chemistry analyzers

Traditional medical devices
₹71.39 crFY 2024-25
+12%2024–2025
335-8% 12 mo to Sep 2024LinkedIn · Jul 2026
30 yr1996
0none in 3 months · last posted Jun 2026

Provider of ophthalmic lenses

Traditional medical devices
₹57.20 crFY 2021-22
+21%2021–2022
—Not available
31 yr1995
0none in 3 months

Manufacturer of medical devices for airway management, biopsies, and cardiology

Traditional medical devices
₹56.71 crFY 2024-25
-4%2024–2025
13LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Manufacturer of atraumatic surgical sutures and medical devices

Traditional medical devices
₹53.64 crFY 2024-25
+5%2024–2025
70+2% 12 mo to Sep 2024LinkedIn · Oct 2026
24 yr2002
0none in 3 months

Manufacturer of hearing aids and solutions

Traditional medical devices
₹44.26 crFY 2021-22
Not reported
120+16% 12 mo to Mar 2024recorded Mar 2024
122 yr1904
—No postings tracked

Manufacturer of minimally invasive gynecological medical devices

Medical device outsourcing
₹33.74 crFY 2024-25
+27%2024–2025
71+16% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months · last posted Jun 2026

Company specializing in optical healthcare, offering a range of lenses for optical healthcare industry

Traditional medical devices
₹26.43 crFY 2024-25
+23%2024–2025
25+52% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Medical laser manufacturer, supplier, and exporter of advanced surgical equipment

Traditional medical devices
₹24.27 crFY 2024-25
+5%2024–2025
—Not available
25 yr2001
0none in 3 months

Supplier of lab equipment and decontamination systems for pharmaceutical and life sciences. This company distributes state-of-the-art instruments for microbiological monitoring and decontamination. They offer solutions for contamination control, real-time monitoring, and total organic carbon analysis for purified water and water for injection applications. The company partners with global manufacturers to provide cost-effective solutions. Their services include training and support to help customers maximize the use of their equipment.

Waste & water management
₹23.68 crFY 2024-25
-1%2024–2025
43+58% 12 mo to Mar 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Manufacturer of orthopedic drill machines, power tools, and surgical instruments

Traditional medical devices
₹20.68 crFY 2021-22
Not reported
—Not available
48 yr1978
—No postings tracked

Manufacturer of laboratory balances, chemical instruments, and optical instruments

Traditional medical devices
₹23.13 crFY 2024-25
+11%2024–2025
—Not available
34 yr1992
0none in 3 months

Manufacturer of medical devices

Traditional medical devices
₹22.08 crFY 2024-25
+0%2024–2025
3+0% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Manufacturer of neonatal and respiratory medical equipment

Traditional medical devices
₹21.53 crFY 2024-25
+48%2024–2025
46-4% 12 mo to Sep 2024recorded Sep 2024
19 yr2007
0none in 3 months

Manufacturer and supplier of gas springs for various industries including automotive, industrial, and healthcare

Traditional medical devices
₹21.24 crFY 2024-25
+17%2024–2025
11+5% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Manufacturer of endodontic, prosthodontic, conservative, and miscellaneous dental products

Traditional medical devices
₹20.30 crFY 2024-25
+19%2024–2025
32LinkedIn · Jul 2026
39 yr1987
0none in 3 months

Manufacturer, supplier, and exporter of surgical microscopes and medical equipment

Traditional medical devices
₹18.21 crFY 2024-25
+13%2024–2025
—Not available
27 yr1999
0none in 3 months

Manufacturer of locking internal fixation technique, trauma implants, and interlocking implants miscellaneous nail products

Traditional medical devices
₹14.69 crFY 2024-25
+10%2024–2025
64+2% 12 mo to Jul 2024LinkedIn · Jul 2026
40 yr1986
0none in 3 months

Provider of hospital furniture and equipment solutions

Traditional medical devices
₹14.67 crFY 2024-25
-23%2024–2025
19-10% 12 mo to Sep 2024recorded Sep 2024
24 yr2002
0none in 3 months
50 of 102 companies shown here · the full list is on Radar
Fliar Radar

Explore all 102 traditional medical devices companies in Maharashtra on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

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  • Every company, not just 50All 102 traditional medical devices companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore traditional medical devices companies in Maharashtra by what you are looking for

Browse traditional medical devices companies in Maharashtra, from surgical instruments to dental and diagnostic equipment. Find medical device manufacturers, suppliers and startups across Maharashtra.

8 ways to explore traditional medical devices in Maharashtra

Surgical devices & instruments manufacturersDental, orthopedic & eye care device companiesDiagnostic, lab & life science equipment companiesTherapeutic devices & hospital equipmentMedical device distributors & suppliersListed medical device companies in Maharashtra

Surgical devices & instruments manufacturers

Makers of surgical instruments, dressings and operating-room equipment.

  1. Raman & Weil

    Provider of infection control & prevention, hand instrument hygiene, and skin protection

    Traditional medical devices
    See in list
  2. Helmier

    Provider of medical devices and equipment for anesthesia, critical care, rehab

    Traditional medical devices
    See in list
  3. Xcellance Medical Technologies

    Manufacturer & supplier of electrosurgical generator, sealing clamps, and ball electrode

    Traditional medical devices
    See in list
  4. Adeshwar Meditex

    Manufacturer of sterile surgical wound dressing products and medical disposables

    Traditional medical devices
    See in list
  5. Alan Electronic Systems

    Manufacturer of electronic medical equipment

    Traditional medical devices
    See in list
63 companies in MaharashtraAll 157 medical supplies and consumables companies in India →

Dental, orthopedic & eye care device companies

Manufacturers of dental, orthopedic implant and ophthalmology devices.

  1. Illusion Dental Laboratory

    Standalone dental care clinic

    Traditional medical devices
    Website
  2. Coloreyes

    Provider of contact lenses and vision products

    Traditional medical devices
    See in list
  3. Prime Dental

    Manufacturer of endodontic, prosthodontic, conservative, and miscellaneous dental products

    Traditional medical devices
    See in list
  4. Avi Products India

    Manufacturer of dental and ice cream equipments

    Traditional medical devices
    See in list
  5. Saket Ortho

    Manufacturer of orthopedic and rehabilitation products

    Traditional medical devices
    See in list
12 companies in MaharashtraAll 151 clinics companies in Maharashtra →

Diagnostic, lab & life science equipment companies

Makers of analyzers, diagnostic kits, imaging and laboratory equipment.

  1. AGD Biomedicals

    Automated clinical chemistry analyzers

    Traditional medical devices
    See in list
  2. Biolinx India

    Manufacturer of biosafety cabinets, freezers, and other medical devices

    Traditional medical devices
    See in list
  3. Analytical & Medical Technologies

    Manufacturer, supplier, wholesaler, importer & exporter of laser machines and medical equipment

    Traditional life sciences platforms & tools
    Website
  4. Hemant Surgical Industries

    Manufacturer of dialyzer, fistula needle, heparin solution, face masks, sanitizers, catheter & infudion sets

    Traditional medical devices
    See in list
  5. Helo Health

    Diagnostics-focused startup providing innovative solutions and services for instant diagnosis

    Traditional medical devices
    See in list
6 companies in Maharashtra

Therapeutic devices & hospital equipment

Respiratory, infusion, wheelchair and other therapeutic and hospital equipment.

  1. JSB Healthcare

    Developer of hospital consumables

    Medical device distributors
    Website
  2. SeedeeWheelchair

    Manufacturer of wheelchair

    Traditional medical devices
    Website
  3. Helmier

    Provider of medical devices and equipment for anesthesia, critical care, rehab

    Traditional medical devices
    See in list
  4. Simtek Medico Systems

    Manufacturer and supplier of medical equipment, including infusion pumps, fetal monitors, and syringe drivers

    Traditional medical devices
    Website
  5. Ideal Gas Springs

    Manufacturer and supplier of gas springs for various industries including automotive, industrial, and healthcare

    Traditional medical devices
    See in list
16 companies in Maharashtra

Medical device distributors & suppliers

Distributors and suppliers of medical devices and hospital consumables.

  1. Amtmedico

    Medical laser manufacturer, supplier, and exporter of advanced surgical equipment

    Traditional medical devices
    See in list
  2. Xcellance Medical Technologies

    Manufacturer & supplier of electrosurgical generator, sealing clamps, and ball electrode

    Traditional medical devices
    See in list
  3. Svan India

    Supplier of lab equipment and decontamination systems for pharmaceutical and life sciences. This company distributes state-of-the-art instruments for microbiological monitoring and decontamination. They offer solutions for contamination control, real-time monitoring, and total organic carbon analysis for purified water and water for injection applications. The company partners with global manufacturers to provide cost-effective solutions. Their services include training and support to help customers maximize the use of their equipment.

    Waste & water management
    See in list
  4. Ideal Gas Springs

    Manufacturer and supplier of gas springs for various industries including automotive, industrial, and healthcare

    Traditional medical devices
    See in list
  5. Prime Dental

    Manufacturer of endodontic, prosthodontic, conservative, and miscellaneous dental products

    Traditional medical devices
    See in list
62 companies in MaharashtraAll 277 medical device distributors companies in India →

Listed medical device companies in Maharashtra

Publicly listed medical device companies based in Maharashtra.

  1. Hemant Surgical Industries

    Manufacturer of dialyzer, fistula needle, heparin solution, face masks, sanitizers, catheter & infudion sets

    Traditional medical devices
    See in list
  2. Adeshwar Meditex

    Manufacturer of sterile surgical wound dressing products and medical disposables

    Traditional medical devices
    See in list
  3. Centenial Surgical Suture

    Manufacturer of atraumatic surgical sutures and medical devices

    Traditional medical devices
    See in list
  4. Avi Products India

    Manufacturer of dental and ice cream equipments

    Traditional medical devices
    See in list
4 companies in Maharashtra

Medical device startups in Maharashtra

Newer medical device companies founded in recent years.

  1. Helmier

    Provider of medical devices and equipment for anesthesia, critical care, rehab

    Traditional medical devices
    See in list
  2. Blue Phoenix Technologies

    Medical device company specializing in the design, manufacturing, and marketing of medical devices

    Traditional medical devices
    See in list
  3. Helo Health

    Diagnostics-focused startup providing innovative solutions and services for instant diagnosis

    Traditional medical devices
    See in list
  4. Acc-Red

    Manufacturer of wheelchair lifts

    Traditional medical devices
    See in list
  5. Samsara PaediaCare

    Manufacturer of cleft lip and palate infant feeder products

    Traditional medical devices
    Website
8 companies in Maharashtra

Medical device companies hiring in Maharashtra

Companies in this sector with open roles right now.

  1. Hemant Surgical Industries

    Manufacturer of dialyzer, fistula needle, heparin solution, face masks, sanitizers, catheter & infudion sets

    Traditional medical devices
    See in list
  2. AGD Biomedicals

    Automated clinical chemistry analyzers

    Traditional medical devices
    See in list
  3. Veol Medical Technologies

    Manufacturer of minimally invasive gynecological medical devices

    Medical device outsourcing
    See in list
  4. Action Medical

    Manufacturer of polyethylene water and septic tanks

    Traditional medical devices
    See in list
  5. Kraft Surgicals

    Manufactures a portfolio Surgical Instruments and Equipments

    Medical supplies and consumables
    See in list
7 companies in Maharashtra
Mobile reach

Top 3 traditional medical devices apps from Maharashtra

The most-installed Android apps published by traditional medical devices companies headquartered in Maharashtra — 3K installs between them. 3 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 3
The business behind the activity

Traditional medical devices financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 56 traditional medical devices companies in Maharashtra for FY24-25 — 61 of the 102 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 49% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,469.02 cr

56 companies filing accounts

combined net profit₹97.76 cr

6.7% aggregate margin

are profitable77%

43 of 56 companies

median revenue~₹8.0 cr

the typical company

median revenue growth+15%

into FY24-25

earned by the top five49%

revenue concentration

Six-year view

Combined revenue of filing companies

₹707.27 crFY19-2044 filers
₹1,356.97 crFY20-2148 filers
₹984.92 crFY21-2254 filers
₹1,073.72 crFY22-2357 filers
₹1,325.59 crFY23-2458 filers
₹1,469.02 crFY24-2556 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 52 companies over three years

+31%
FY22-23₹1,058.64 cr₹66.14 cr net
FY23-24₹1,242.83 cr₹76.34 cr net
FY24-25₹1,390.01 cr₹95.46 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr933% profitable
₹1–10 cr2075% profitable
₹10–100 cr2391% profitable
₹100–1,000 cr4100% profitable
Over ₹1,000 cr0—

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking14
0–20%19
20–50%14
50–100%3
Doubled+5

55 companies with accounts for both years; median growth +15%.

Profitability

Profit is concentrated at the top

43profitable
13loss-making
6.7%aggregate margin
3.1%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
AVI HealthcareAVI HEALTHCARE PRIVATE LIMITED+48%₹21.53 cr
Alan Electronic SystemsALAN ELECTRONIC SYSTEMS PRIVATE LIMITED+33%₹81.46 cr
Komal Health CareKOMAL HEALTH CARE PRIVATE LIMITED
Veol Medical TechnologiesVEOL MEDICAL TECHNOLOGIES PRIVATE LIMITED+27%₹33.74 cr
Xcellance Medical TechnologiesXCELLANCE MEDICAL TECHNOLOGIES PRIVATE LIMITED+24%₹105.19 cr
Shivani ScientificSHIVANI SCIENTIFIC INDUSTRIES PVT LTD₹132.62 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Xcellance Medical TechnologiesXCELLANCE MEDICAL TECHNOLOGIES PRIVATE LIMITED26.2%₹105.19 cr
Alan Electronic SystemsALAN ELECTRONIC SYSTEMS PRIVATE LIMITED22.2%₹81.46 cr
MedisystemsCR MEDISYSTEMS PRIVATE LIMITED
QualisurgeQUALISURGE SURGICALS PRIVATE LIMITED9.9%₹14.67 cr
Veol Medical TechnologiesVEOL MEDICAL TECHNOLOGIES PRIVATE LIMITED8.2%₹33.74 cr
Contech InstrumentsCONTECH INSTRUMENTS LIMITED7.8%₹23.13 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Traditional medical devices49₹1,387.67 cr~₹8.2 cr80%6.9%
Leaders

Largest traditional medical devices companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
My HealthSkapeMY HEALTHSKAPE MEDICALS PRIVATE LIMITED₹290.15 cr₹12.69 cr4.4%+6%
Shivani ScientificSHIVANI SCIENTIFIC INDUSTRIES PVT LTD₹132.62 cr
Hemant Surgical IndustriesHemant Surgical Industries Limited₹111.64 cr₹8.13 cr7.3%+2%
Xcellance Medical TechnologiesXCELLANCE MEDICAL TECHNOLOGIES PRIVATE LIMITED₹105.19 cr₹27.55 cr26.2%+24%
Adeshwar MeditexADESHWAR MEDITEX LIMITED₹83.97 cr₹2.07 cr2.5%+5%
Alan Electronic SystemsALAN ELECTRONIC SYSTEMS PRIVATE LIMITED₹81.46 cr₹18.12 cr22.2%+33%
AGD BiomedicalsAGD BIOMEDICALS PRIVATE LIMITED₹71.39 cr₹1.43 cr2.0%+12%
Oticon IndiaOTIC HEARING SOLUTIONS PRIVATE LIMITED₹59.48 cr₹1.65 cr2.8%-1%
SURUSURU INTERNATIONAL P LTD₹56.71 cr₹2.41 cr4.2%-4%
Centenial Surgical SutureCENTENIAL SURGICAL SUTURE LIMITED₹53.64 cr−₹1.46 cr-2.7%+5%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Traditional medical devices funding and M&A across India

19 recorded equity rounds have gone to 630 traditional medical devices companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months0

US$0k

equity rounds, last 24 months2

US$246k

raised over five yearsUS$1.32m

10 rounds in India

M&A deals, India10

last 24 months

Capital by year

Equity funding into traditional medical devices in India

amount rounds
$53k20181
$107k20193
$020201
$209k20212
$24k20221
$61k20231
$793k20245
$229k20251

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2024, with US$793k across 5 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$421k2 rounds · median US$421k
SeedUS$894k8 rounds · median US$81k
Where the money went · five years

Most-funded sub-sectors

Traditional medical devicesUS$1.32m10 rounds · 5 companies
Corporate activity · last 24 months

M&A in India

10Acquisition

Most active acquirers

  1. Sudarshan Pharma2
  2. Elekta2
  3. Singularity Equity Fund 11
  4. Healthium medtech1
  5. Hemant Surgical Industries1

Most acquired or merged

  1. Ishwari Healthcare2
  2. Cistron2
  3. Hemant Surgical Industries1
  4. Paramount Surgimed1
  5. Solar Opto-Medic Private Limited1

Each deal appears in the events strip at the top of the page.

Founders and momentum in Maharashtra

Meet the people behind traditional medical devices companies in Maharashtra. 50 of 102 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring traditional medical devices in India and nearby markets.

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