, an India-based private equity firm, has acquired a minority stake in , a Bangalore-based medical products, consumables and devices player, stated a press release. Established in 1994 by A.D.
Setty, Futura Surgicare is a leading of and and devices. The company has nearly 400 employees and a in Bangalore. It sells its products in 10,000 hospitals in India across 26 states and has regulatory authorizations to sell its products in 70 countries globally.
The Indian opportunity is large and growing – roughly $11.25 Bn of domestic demand and $3 Bn of global demand that can be serviced from India. Historically, this industry has grown at 10% and is likely to further accelerate as Indian focus on India-made and reorient themselves, it said.
AD Shetty, Founder & Promoter of Futura, said, "With Jashvik as partners, we are motivated about pursuing our vision to deliver best-in-class medical devices at affordable prices to customers across India and international markets.” He added, “as the healthcare systems around the world reorient their supply chains post Covid, India has a big opportunity to help meet the needs of the world. We are excited about this opportunity to play a role in this generational shift”.
“We are very impressed with Futura’s singular focus on product quality and innovation, stickiness of a discerning customer base, and high standards of corporate governance”, said Naresh Patwari, Founder & Managing Partner of Jashvik Capital..