Poly Medicure Limited
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Poly Medicure Limited (d/b/a Polymed) is an Indian multinational medical devices company headquartered in Delhi, India, that manufactures and distributes disposable medical devices[1]. Polymed has a presence in more than 110 countries, with subsidiaries in Europe, the United States, and China. Currently, it is the largest exporter of disposable medical devices in India, holding over 300 patents and a portfolio of about 150 medical devices. The products cater to a range of therapeutic segments covering infusion therapy, dialysis, respiratory care, cardiology, oncology, urology, gastroenterology, blood collection and management, anaesthesia, wound drainage, and COVID care. Its common stock is a component of the Indian National Stock Exchange. [2] As of 2021, Polymed has more than 2000 employees working in its eight manufacturing facilities and offices in several countries.[3]
History[edit]
After being established in 1995, the company commenced its manufacturing operations from a small plant in Faridabad in 1997. In 2002, the company entered a joint venture in Assuit, Egypt, which marked their first foray into the international market. This merger was followed by another global manufacturing set-up in China in 2009 through Poly Medicure (Laiyang) Co. Ltd, a wholly-owned subsidiary of Poly Medicure Ltd. The company inaugurated a new plant in the Special Economic Zone of Jaipur. In 2011, Polymed was listed on the National Stock Exchange of India.[4]
Polymed acquired Plan 1 Health, an Italy-based manufacturing company[5]. In 2018, the company introduced and enhanced its oncology and vascular access segments through newly acquired technology. In 2021, the company got its wholly-owned subsidiary registered in the United States - PolyHealth Medical Inc.
Today Polymed owns five manufacturing facilities in India (three in Faridabad, one in Jaipur, and one in Haridwar); three overseas facilities (one wholly-owned Italian subsidiary and one in China with a third joint venture in Egypt) covering a total of more than 0.5 million square feet.[6]
Reference[edit]
- ↑ "Poly Medicure". Forbes. Retrieved 2021-10-05.
- ↑ "POLY MEDICURE LIMITED". National Stock Exchange of India. Unknown parameter
|url-status=ignored (help) - ↑ "Poly Medicure Ltd - Company Profile and News". Bloomberg.com. Retrieved 2021-10-05.
- ↑ "Poly Medicure Listing Information". The Economic Times. Retrieved 2021-10-05.
- ↑ Market, Capital (2019-03-15). "Poly Medicure acquires balance 18% stake in Plan1 Health s.r.l." Business Standard India. Retrieved 2021-10-05.
- ↑ "Rating Rationale". www.crisil.com. Retrieved 2021-10-05.
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