New York-based global private equity firm Warburg Pincus will invest $210 million for a minority stake in Micro Life Sciences Private Limited, the parent organization of Meril India’s largest medical device company.
Founded by the Bilakhia family in Vapi, in the western state of Gujarat, Meril offers a diverse product portfolio with over 100 technologies in 5 therapy areas – cardiovascular (including structural heart devices), orthopedic implants, endo-surgery, surgical robotics and in-vitro diagnostics. It employs over 4,000 employees and has a presence in over one hundred countries including subsidiaries in the U.S., Germany, Brazil, Russia, South Africa, Bangladesh, Turkey, China, and Japan.
Narendra Ostawal, managing director, Warburg Pincus India, said, “We are delighted to partner with Meril … and are excited by Meril’s compelling growth story. We believe the company stands to benefit from the secular tailwinds of healthcare in India, realizing the potential of a strong pipeline of market-defining products and expansion into global markets.”
Last updated: December 26th, 2025
