Opportunity Overview

  • Medic is a venture of one of India's leading corporate house with a turnover of USD 75 Million with 1000+ employees
  • Manufacturers Syringes, Needles, I.V. Sets, Blood Collection Tubes & other medical disposable products.
  • Its has facilities in Vapi, Gujarat with installed capacity of around 23 lac syringes per day and a pan India distribution network.
  • It sells syringes under two brands - mass market and a mass premium brand
  • Looking to foray into high margins products
  • Opportunity to acquire significant minority stake

Key Investment Highlights

  • An emerging leader - Is the 3rd largest manufacturer of syringes in India,
  • Enjoys wide presence across India, leveraging its strong distribution network handpicked by the promoters
  • Young Promoters who are fully vested into the business with a vision to establish a global leader
  • Set to immensely benefit from the Ayushman Bharat Health insurance scheme for 100 million poor families across India
  • Exports to Latin America
  • Products are CE and ISO certified

Industry Size


Key Financials

Particulars (Rs  Mn)FY 17FY18
EBITDA, %12%15%
PAT, %6%8%