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Everstone-backed medical devices maker Integris appoints new CEO

VCCircle

VCCircle · 9m ago

Everstone-backed medical devices maker Integris appoints new CEO

Cardiac devices manufacturer Integris Health Pvt Ltd has announced the appointment of Probir Das as its new CEO. Das, who previously served as the chief executive of Terumo Asia Pacific, brings over three decades of experience in the medtech industry to his new role. Integris, backed by private equity firm Everstone Capital, operates in various segments including cardiovascular devices and vascular access therapies. Das will lead the next phase of growth and innovation for the company, expanding its market presence and delivering cutting-edge medical technologies worldwide. The appointment will take effect in November.

Related News

Everstone-backed stent maker Translumina raises pre-IPO funding

VCCircle

VCCircle · 7m ago

Everstone-backed stent maker Translumina raises pre-IPO funding

Everstone-backed stent maker Translumina Therapeutics, which manufactures cardiac stents and cardiovascular medical devices, has raised pre-IPO funding from domestic and international family offices. The India-focused private equity firm, Everstone Capital, backs Integris Health Pvt. Ltd, the parent company of Translumina Therapeutics. With this funding, Translumina aims to strengthen its position as one of the largest cardiac stent manufacturers in India.

Everstone-backed Translumina hires former Medanta exec as CFO

VCCircle

VCCircle · 5m ago

Everstone-backed Translumina hires former Medanta exec as CFO

Integris Health Pvt Ltd, backed by Everstone Capital, has appointed Sanjeev Kumar as the group CFO. Kumar, previously with Medanta, brings over 30 years of finance experience, including leading India’s largest hospital sector IPO. He will report to CEO Probir Das and be based in New Delhi. Integris, which manufactures cardiac stents and medical devices under Translumina Therapeutics, operates across India and internationally, and recently raised Rs 375 crore for pre-IPO funding.

Integris Health raises primary capital ahead of planned IPO

Entrackr

Entrackr · 6m ago

Integris Health raises primary capital ahead of planned IPO

Integris Health raises primary capital ahead of planned IPO Medical devices company Integris Health has raised primary capital from a consortium of prominent investors, including Mukul Agarwal and India SME Fund. The company is backed by Everstone Capital. The proceeds will be used for expansion into multiple therapeutic areas, such as in-vitro diagnostics and laboratory solutions, through strategic acquisitions and in-house product development initiatives, Integris Health said in a press release. In 2024, the company appointed Probir Das as CEO to lead its growth strategy. The company intends to list publicly by the end of 2025 and has commenced IPO preparations. Founded in 2008 by Gurmit Singh Chugh, Integris Health is a medical devices company with a presence in interventional cardiology, cardiovascular, and vascular surgery therapy areas. It is a fully integrated company with an end-to-end presence in product development, manufacturing, and sales and distribution, with manufacturing facilities in Germany, the Netherlands, and India, and a sales presence in over 50 markets. Integris Health says that over the years, it has created strategic partnerships with leading hospitals, engineering institutes, global med-tech devices companies, and interventional cardiologists. It combines the best of German engineering, intellectual property, and high-quality standards with India's entrepreneurial culture and strong capabilities in manufacturing innovative products at affordable prices. Integris Health aims to empower the Indian med-tech devices industry by leveraging its cutting-edge R&D, strategic partnerships, robust distribution capabilities, and the cost-efficiency of Indian manufacturing.

Everstone to merge two portfolio firms; Carraro Group’s India unit mulls IPO

VCCircle

VCCircle · 1y ago

Everstone to merge two portfolio firms; Carraro Group’s India unit mulls IPO

Everstone Capital is planning to merge two healthcare companies in its portfolio, Translumina Therapeutics and Everlife Holdings, as a step towards an initial public offering (IPO). The merger will create a combined entity valued at $1 billion. Translumina is a leading cardiac stent maker in India, while Everlife is a Singapore-based distributor of medical devices and laboratory equipment. This move is in line with Everstone's strategy to consolidate its healthcare investments and unlock value through an IPO.

Tata Capital Healthcare Fund leads race to bet on medical devices maker

VCCircle

VCCircle · 7m ago

Tata Capital Healthcare Fund leads race to bet on medical devices maker

Tata Capital Healthcare Fund is reportedly leading the investment race in a medical devices maker that focuses on exports. The healthcare and life sciences-focused private equity arm of Tata Capital has raised over $200 million and is now planning to invest in the medical devices sector. This move reflects the growing interest in the healthcare industry, particularly in the medical devices market.

Medikabazaar appoints Dinesh Lodha as group CEO

Entrackr

Entrackr · 10m ago

Medikabazaar appoints Dinesh Lodha as group CEO

B2B medical supply chain platform Medikabazaar has appointed Dinesh Lodha as its new Group chief executive officer (CEO). With over two decades of experience in the medtech industry and a career marked by leadership roles across various sectors, Lodha brings a wealth of expertise to Medikabazaar. Before joining Medikabazaar, Lodha managed large B2B and B2C operations in FMCG and healthcare sectors. He has worked with multinational, private equity-led businesses and large publicly listed Indian companies. Founded by Vivek Tiwari and Ketan Malkan, nine-year-old Medikabazaar enables hospitals and medical establishments to discover supplies, compare specifications and prices in real-time. The product on the B2B platform includes hospital devices, materials, medical consumables, and dental tools among others. The platform offers over 4 lakh products and serves over 10,000 medical centres and over 30,000 independent doctors and clinics. It has a B2B marketplace, an AI-ML-powered SaaS solution, a medical financing solution, full stack procurement model for large hospitals, and an asset management platform for equipment business. In April 2022, Medikabazaar had scooped up $65 in a new funding round led by Lighthouse India Fund III and others at a valuation of $700 million. According to data intelligence platform, The Kredible, the operating gross revenue for the Mumbai-based company grew 2.74X to Rs 1,552.53 crore in FY22 from Rs 564.7 crore in FY21.

Carlyle-backed Indegene makes another overseas acquisition

VCCircle

VCCircle · 1y ago

Carlyle-backed Indegene makes another overseas acquisition

Indian healthcare solutions provider, Indegene, backed by Carlyle, has acquired medical writing consultancy firm Trilogy Writing & Consulting GmbH to expand its service offerings. Indegene aims to enhance its capabilities in supporting biopharmaceutical, biotech, and medical devices companies. Trilogy's acquisition will further bolster Indegene's expertise in medical writing and consulting.

Computer parts maker Logitech appoints Matteo Anversa as CFO

Economic Times

Economic Times · 11m ago

Computer parts maker Logitech appoints Matteo Anversa as CFO

Logitech International has appointed Matteo Anversa as its new chief financial officer, effective September 1st. Anversa will take over from Meeta Sunderwala, who was the interim finance chief. Anversa previously served as the CFO at auto parts maker Gentherm. Logitech recently raised its full-year sales and profit forecasts following a strong performance and increased contribution from AI-equipped devices.

PE-backed stent maker Sahajanand Medical reshuffles top deck

VCCircle

VCCircle · 5m ago

PE-backed stent maker Sahajanand Medical reshuffles top deck

Sahajanand Medical Technologies Ltd, a cardiac stent maker backed by private equity firms, is overhauling its leadership as it plans a public listing. Bhargav Kotadia, from the founding family, will become CEO, replacing Ganesh Sabat. Jose Calle Gordo is elevated to chairman, while founder Dhirajlal Kotadia becomes chairman emeritus. The company aims to use IPO proceeds to enhance R&D, manufacturing capacity, and international operations. Sahajanand previously received funding from Samara Capital and Morgan Stanley PE.

S3V Vascular gets Series B cheque from former L&T chairman Naik, Madhusudan Kela

VCCircle

VCCircle · 1y ago

S3V Vascular gets Series B cheque from former L&T chairman Naik, Madhusudan Kela

Former chairman of Larsen & Toubro, A.M. Naik, and investor Madhusudan Kela have invested in S3V Vascular Technologies, a medical device maker based in Mysore. The company, which manufactures neurovascular devices to treat strokes, plans to use the funds to construct a manufacturing facility and increase its production capacity to meet growing demand. S3V aims to address the high costs of stroke treatment in India and is also working on launching cardiology-related medical devices. The company plans to seek approvals from regulators in the US and Europe and expand its exports to Asian, Middle Eastern, and East European markets.

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