La-med Healthcare eyes revenues of over Rs 100 crore by 2021

Expanding footprints to South America, Peru, Australia and Mexico

La-med Healthcare
Mayank Lakhani, managing director at La-med Healthcare

La-med Healthcare, a leading manufacturer and marketer of premium, single-use medical devices, has recently announced that it is on track to achieve revenues of over Rs 100 crore in 2021 fiscal. The company is all set to enter new and untapped global markets, including South America, Australia, New Zealand, South America, Peru, Chile, Panama, and Mexico.

The Faridabad-based company currently has a strong domestic as well as global distribution network, manufacturing, and supplying affordable premium quality medical devices such as needle-free connectors, ventilator Circuits with combo kits, PTCA kits and anti UV extension lines across pan-India and 55 countries across the globe. The company has adopted ISO 9001:2015 quality management system and ISO 13485:2016 Quality management system, especially for medical devices. All La-Med products have a CE-marking from DNV GL PRESAFE Norway, a certification body, making it a trusted quality manufacturer of medical devices in major government hospitals and institutions pan India and the world. La-Med has a manufacturing plant in Faridabad, Haryana.

Commenting on this, Mayank Lakhani, managing director of La-med Healthcare, said, “We clocked revenue of Rs 20.5 crores in the last quarter and are on our way to achieve our target Rs 100 crore revenue for the FY 2021 on the back of organic as well as inorganic expansion. In the coming years, our products will be available in new global territories that are currently untapped but have huge potential for a company like ours. We are also reviving up our manufacturing potential and are in the process of constructing another plant parallel to the existing plant by December 2020. We are optimistic that 2020 will be a conducive year for growth at La-Med.”

In addition to expanding its geographical reach around the world, the company also plans to introduce new and innovative products with the underlying principle of safety to facilitate better patient care. Six Sigma process controls and top quality management (TQM) measures have been built into all La-Med processes.

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