Integris Health Closes Primary Capital Round Before IPO

Integris Health, a major medical devices company, has secured primary capital from a group of well-known investors, including Mukul Agarwal and India SME Fund.

This funding will help the company expand into new areas like in-vitro diagnostics and laboratory solutions, through strategic acquisitions and developing products in-house.

In 2024, the company appointed Probir Das as CEO to guide its growth. The company plans to go public by the end of 2025 and has started preparing for its IPO.

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Gurmit Singh Chugh, Co-Founder and Chairman of Integris Health, said, "The Indian med-tech devices industry is experiencing an unprecedented growth phase akin to the transformative opportunities witnessed by the Indian pharmaceutical sector in the early 2000s. Integris Health is poised to spearhead this global evolution, leveraging its cutting-edge R&D, strategic partnerships, robust distribution capabilities and the cost-efficiency of Indian manufacturing."

Probir Das, CEO of Integris Health, said, “The interest and support from prominent investors reflects the confidence in our vision to create India’s leading med-tech devices business. As we plan for our IPO, we remain committed to building Integris into a diversified business in this space. This market, particularly in developing economies is poised for significant growth due to low penetration levels, and Integris is well-positioned to capitalize on this opportunity.”

Avnish Mehra, Vice Chairman of Everstone Capital, said, "This funding combined with the company’s proven product development capabilities, consistent organic growth and acquisition track record reinforces its position as a transformative  med-tech devices business serving hospitals and laboratories globally."

About Integris Health

Integris Health was founded in 2008 by Gurmit Singh Chugh, it is a medical devices company focused on areas like interventional cardiology, cardiovascular, and vascular surgery. 

The company handles product development, manufacturing, and sales, with factories in Germany, the Netherlands and India, and  presence in over 50 markets.

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