Medical devices companies are not only playing an important role in improving the quality of life but also helping healthcare providers to diagnose the illness & treating them in right direction.
The industry has a CAGR value ranging from around 5% for the global medical equipment industry. India is the 4th largest manufacturer of medical equipment. (Source: IBEF)
We have listed down the top medical equipment manufacturing companies in India with their key information:
Wipro GE Healthcare
A joint venture between General Electric Company, USA & Wipro Enterprises Limited, India. Wipro GE Healthcare is well-known company for providing high performing & quality equipment and medicines since years. It was established in year 1945, they are specially indulging in making equipment for imaging agents and radiopharmaceuticals. Wipro Ge Healthcare Private Limited has 11 directors – Suresh Chandra Senapaty, Azim Premji Hasham, and others.
| Operating Revenue | Over INR 500 cr |
| EBITDA | 27.02 % |
| Networth | -8.82 % |
| Debt/Equity Ratio | 0.00 |
| Return on Equity | 17.10 % |
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Johari Digital
Johari Digital; with 40+ years of experience in medical device manufacturing. Johari is a global medical technology company with manufacturing facility which is MDSAP, ISO 13485:2016, and FDA (21 CFR 820) standards certified. Johari has a versatile range of product development and manufacturing; that include innovative life science products, diagnostic devices, and therapeutic devices. Johari Digital Healthcare Limited has three directors – Pradeep Maheshwari, Satyendra Johari, and others.
| Operating Revenue | INR 1 cr – 100 cr |
| EBITDA | 21.38 % |
| Networth | 36.19 % |
| Debt/Equity Ratio | 0.21 |
| Return on Equity | 27.53 % |
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Johnson & Johnson
Johnson & Johnson is very popular medical powerhouse founded in year 1945. Johnson & Johnson is an American-based company that is the leading medical equipment manufacturers in India. They use the latest technology to make the medical equipment and products. The portfolio includes consumer products, medical devices, vision care products. Johnson & Johnson Private Limited has seven directors – Suresh Narsappa Talwar, Marco Philippus Ardeshir Wadia, and others.
| Operating Revenue | Over INR 500 cr |
| EBITDA | -64.37 % |
| Networth | 6.34 % |
| Debt/Equity Ratio | 0.00 |
| Return on Equity | 31.72 % |
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Novartis AG
Novartis International AG founded in year 1947, is a Swiss- American based pharmaceutical company. They are one of the leading medical equipment companies in the world. They are the second biggest medical equipment manufacturers in India. The product ranges are medicines, eyecare products, generic products, tablets, Injectables, Anti-Infectives. Novartis India Limited has six directors – Sanker Parameswaran, Jai Vishwanath Hiremath, and others.
| Operating Revenue | INR 100 cr – 500 cr |
| EBITDA | 122.69 % |
| Networth | -1.32 % |
| Debt/Equity Ratio | 0.00 |
| Return on Equity | 2.94 % |
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Medtronic India Pvt. Ltd.
Medtronic is completely owned subsidiary of Medtronic Plc, an American–Irish medical devices company. It is an unlisted private company incorporated in year 1993 and headquartered in Mumbai. The company providing healthcare solutions and involved in manufacturing & distribution of surgical and other medical instruments, apparatus, and equipment. India Medtronic Private Limited has three directors – Vineet Jain, Madan Rohinikrishnan, and others.
| Operating Revenue | Over INR 500 cr |
| EBITDA | -26.80 % |
| Networth | 5.19 % |
| Debt/Equity Ratio | 0.04 |
| Return on Equity | 5.34 % |
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