MUMBAI BASED MEDICAL DEVICES MANUFACTURING COMPANY LOOKING FOR INVESTMENT
About Business
Mumbai-based healthcare manufacturing company manufactures a wide range of various medical devices such as stents and supported by manufacturing abilities of balloons, accessories, and peripherals. It's strengths: Technology, setup and regulatory approvals. They have State of art manufacturing facility at Special Economic Zone with Tax Exemption. It has a strong network of more than Hospitals, Distributors and Cardiologists. They have good global presence globally. They are An ISO 9001: 2008 certified. In 2014 Drug Eluted Stents used was 83% of total stents used. The average growth of stents around 20 percent yearly. Last year Net Sales Rs 4 Crore and Net Loss Rs. 6.25 Crore. Company is looking for investment of Rs. 15 Crore in lieu of equity. The funding would be utilized to pay off the current Bank liabilities and further capital to scale up.
Reason
Funding Requirement
₹10 to ₹200 Cr
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