Micro LifeSciences Private Limited (Meril), an Indian medical technology company founded by the Bilakhia Group, has been valued at $6.6 billion following a second investment by a foreign investor. The transaction, subject to approval by the Competition Commission of India, brings in the Abu Dhabi Investment Authority (ADIA) with $200 million in new money. Warburg Pincus invested $210 million in 2022.Headquartered in Vapi, Gujarat,India, Meril operates a 100-acre MedTech campus powered entirely by green energy. With more than 13,000 employees, 35 subsidiaries, and a presence in over 150 countries, the company has established itself as an innovator in cardiovascular, orthopedics, endo-surgery, in-vitro diagnostics and surgical robotics. surgical robots by MerilMeril’s R&D ecosystem, supported by over 200 technology platforms, has produced innovations such as the Myval Transcatheter Heart Valve, the MyClip Transcatheter Edge-to-Edge Repair system, and the MISSO Surgical Robotic System.Through its global training academies, Meril empowers more than 10,000 healthcare professionals annually, reinforcing its commitment to advancing patient care worldwide.
The medical device industry in India is booming. Amritt can help you take advantage. Schedule a consultation below to see how we can help you.
Amritt Inc. is a management advisory service facilitating trade between the world and India. Amritt was founded in 2003 and since then it has provided guidance to western companies in entering new markets, global strategy execution, finding and managing supplier partners, and establishing overseas offices. Our primary focus is in helping American, Canadian and European executives to attain success in India.
