Company lists
The Mumbai edition · 2026

Traditional medical devicescompanies in Mumbai

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

57 company profiles35 with reported revenue0 with recorded fundingOctober 2026 edition
Mumbai · 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 · Announced

Sudarshan Pharma acquires Ishwari Healthcare

Specialty chemicals company 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…

Specialty chemicals
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…

Medical and Surgical Instruments

Traditional medical devices companies in Mumbai, by revenue

Browse traditional medical devices companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 35 companies below are the largest by their most recent reported revenue among 35 traditional medical devices companies in Mumbai, 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 35

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

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 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

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

A range of respiratory care products

Traditional medical devices
₹11.17 crFY 2021-22
Not reported
24+9% 12 mo to Sep 2024recorded Sep 2024
13 yr2013
0none in 3 months

Provider of contact lenses and vision products

Traditional medical devices
₹12.18 crFY 2024-25
-12%2024–2025
16LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of medical products combining bioengineering technologies with production facilities

Traditional medical devices
₹11.54 crFY 2024-25
+16%2024–2025
—Not available
29 yr1997
0none in 3 months

Portfolio of respiratory and suction products

Traditional medical devices
₹8.51 crFY 2021-22
Not reported
6LinkedIn · Jul 2026
75 yr1951
—No postings tracked

Manufacturer of disposable surgical drapes

Traditional medical devices
₹8.24 crFY 2024-25
+44%2024–2025
—Not available
42 yr1984
0none in 3 months

Manufacturer and exporter of agro products, spices, salts, and animal feed

Medical supplies and consumables
₹6.52 crFY 2024-25
-33%2024–2025
1LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Manufacturer of a range of medical supplies and consumables

Traditional medical devices
₹5.17 crFY 2024-25
+45%2024–2025
—Not available
28 yr1998
0none in 3 months

Manufactures a portfolio Surgical Instruments and Equipments

Medical supplies and consumables
₹3.82 crFY 2024-25
+88%2024–2025
—Not available
11 yr2015
1postings · last posted Sep 2026

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

Traditional medical devices
₹2.36 crFY 2024-25
+18%2024–2025
7LinkedIn · Jul 2026
5 yr2021
0none in 3 months
35 of 57 companies shown here · the full list is on Radar
Fliar Radar

Explore all 57 traditional medical devices companies in Mumbai on Radar

This page shows the top 35. Radar has the complete, filterable list with contacts and live company signals.

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  • Every company, not just 50All 57 traditional medical devices companies in Mumbai, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore traditional medical devices companies in Mumbai by what you are looking for

Find medical devices companies in Mumbai, from surgical instruments and therapeutic devices to diagnostics and eye care equipment. See medical device startups in Mumbai and companies that are hiring.

7 ways to explore traditional medical devices in Mumbai

Surgical instruments & devicesSpecialty medical devices (eye care, orthopedics, dental)Therapeutic, monitoring & home-care devicesDiagnostics & laboratory equipmentMedical device distributors & hospital consumablesMedical devices startups in Mumbai

Surgical instruments & devices

Manufacturers of surgical instruments, dressings and operating-room devices.

  1. Xcellance Medical Technologies

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

    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. Shivani Scientific

    Manufacturer of IVF devices

    Traditional medical devices
    Website
  4. SURU

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

    Traditional medical devices
    See in list
  5. Amtmedico

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

    Traditional medical devices
    See in list

Specialty medical devices (eye care, orthopedics, dental)

Devices for ophthalmology, orthopedics, dental, respiratory and other specialities.

  1. Oticon India

    Manufacturer of hearing aids and solutions

    Traditional medical devices
    See in list
  2. Coloreyes

    Provider of contact lenses and vision products

    Traditional medical devices
    See in list
  3. Soulsense Innovations

    Developer of a rapid and portable blood group typing device for healthcare providers

    Traditional medical devices
    See in list
  4. Pinnacle Technologies

    Manufacturer of eye drapes and orthopedic drapes

    Traditional medical devices
    Website
  5. Illusion Dental Laboratory

    Standalone dental care clinic

    Traditional medical devices
    Website
21 companies in Mumbai

Therapeutic, monitoring & home-care devices

Therapy, monitoring and mobility equipment such as wheelchairs and imaging systems.

  1. JSB Healthcare

    Developer of hospital consumables

    Medical device distributors
    See in list
  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. Veol Medical Technologies

    Manufacturer of minimally invasive gynecological medical devices

    Medical device outsourcing
    See in list
  5. Udazh

    Provider of portable hydrogen inhalers and water bottles for wellness. These devices generate molecular hydrogen gas for inhalation and hydrogen-infused water for consumption. The products are intended for preventive and therapeutic use, supporting overall health and well-being. The company focuses on research-based development and delivery of natural therapies and technologies.

    Home improvements
    See in list

Diagnostics & laboratory equipment

Analyzers, reagents and laboratory equipment for testing.

  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. Analytical & Medical Technologies

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

    Traditional life sciences platforms & tools
    Website
3 companies in Mumbai

Medical device distributors & hospital consumables

Suppliers and distributors of hospital consumables and equipment.

  1. Illusion Dental Laboratory

    Standalone dental care clinic

    Traditional medical devices
    Website
  2. JSB Healthcare

    Developer of hospital consumables

    Medical device distributors
    See in list
  3. Sona Star Healthcare

    Manufacturer of surgical range equipment for the medical industry

    Medical device distributors
    Website
  4. Nysh

    Developer of solutions designed to meet specific needs with reliable solutions

    Traditional medical devices
    Website
  5. Life Care Surgical

    Manufacturer of post-patent crop protection products

    Traditional medical devices
    Website

Medical devices startups in Mumbai

Recently founded medical device companies in Mumbai.

  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. Acc-Red

    Manufacturer of wheelchair lifts

    Traditional medical devices
    See in list
  4. Samsara PaediaCare

    Manufacturer of cleft lip and palate infant feeder products

    Traditional medical devices
    See in list
  5. Soulsense Innovations

    Developer of a rapid and portable blood group typing device for healthcare providers

    Traditional medical devices
    See in list
5 companies in Mumbai

Medical devices companies hiring in Mumbai

Companies in Mumbai 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. Kraft Surgicals

    Manufactures a portfolio Surgical Instruments and Equipments

    Medical supplies and consumables
    See in list
4 companies in Mumbai
Mobile reach

Top 3 traditional medical devices apps from Mumbai

The most-installed Android apps published by traditional medical devices companies headquartered in Mumbai — 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 Mumbai

Revenue, profit and growth from the filed annual accounts of 31 traditional medical devices companies in Mumbai, Maharashtra for FY24-25 — 33 of the 57 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 65% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,121.38 cr

31 companies filing accounts

combined net profit₹79.14 cr

7.1% aggregate margin

are profitable84%

26 of 31 companies

median revenue~₹11.5 cr

the typical company

median revenue growth+17%

into FY24-25

earned by the top five65%

revenue concentration

Six-year view

Combined revenue of filing companies

₹474.51 crFY19-2022 filers
₹1,151.08 crFY20-2124 filers
₹710.74 crFY21-2228 filers
₹801.76 crFY22-2330 filers
₹1,015.52 crFY23-2431 filers
₹1,121.38 crFY24-2531 filers

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

Like-for-like

The same 28 companies over three years

+34%
FY22-23₹791.04 cr₹48.90 cr net
FY23-24₹952.13 cr₹60.32 cr net
FY24-25₹1,056.60 cr₹76.68 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 cr650% profitable
₹1–10 cr978% profitable
₹10–100 cr12100% 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

Shrinking6
0–20%10
20–50%11
50–100%1
Doubled+2

30 companies with accounts for both years; median growth +17%.

Profitability

Profit is concentrated at the top

26profitable
5loss-making
7.1%aggregate margin
4.4%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
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
Rio Digital LensesRIO DIGITAL LENSES PRIVATE LIMITED+23%₹26.43 cr
MedisystemsCR MEDISYSTEMS PRIVATE LIMITED+16%₹11.54 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Xcellance Medical TechnologiesXCELLANCE MEDICAL TECHNOLOGIES PRIVATE LIMITED26.2%₹105.19 cr
MedisystemsCR MEDISYSTEMS PRIVATE LIMITED21.1%₹11.54 cr
Veol Medical TechnologiesVEOL MEDICAL TECHNOLOGIES PRIVATE LIMITED8.2%₹33.74 cr
Contech InstrumentsCONTECH INSTRUMENTS LIMITED7.8%₹23.13 cr
Shivani ScientificSHIVANI SCIENTIFIC INDUSTRIES PVT LTD₹132.62 cr
AVI HealthcareAVI HEALTHCARE PRIVATE LIMITED7.3%₹21.53 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Traditional medical devices26₹1,075.20 cr~₹16.9 cr92%7.3%
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%
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%
Veol Medical TechnologiesVEOL MEDICAL TECHNOLOGIES PRIVATE LIMITED₹33.74 cr₹2.78 cr8.2%+27%
Rio Digital LensesRIO DIGITAL LENSES PRIVATE LIMITED₹26.43 cr₹1.48 cr5.6%+23%
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.

Industry landscape report

AdTech Industry Landscape of Mumbai

The financials above are one chapter. The full traditional medical devices landscape of Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the traditional medical devices landscape of Mumbai
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 Mumbai 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 Mumbai

Meet the people behind traditional medical devices companies in Mumbai. 30 of 57 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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