Latest news with #ETMSMEAwards2024
Time of India
3 days ago
- Business
- Time of India
Romsons International: Pioneering Indian medical device manufacturing
The category winner of the ET MSME Awards 2024 has evolved from being a humble lab equipment maker in the 1950s to becoming an exporter par excellence. Here's a look at its journey. Tired of too many ads? Remove Ads Catheters, surgical gloves, and anaesthesia products Disposable syringes, IV cannulas, and infusion sets Mother and baby care products such as breast pumps and baby wipes Incontinence care products like adult diapers Diagnostic and monitoring devices, including glucometers and blood pressure monitors PPE kits and face masks Tired of too many ads? Remove Ads (This article is generated and published by ET Spotlight team. You can get in touch with them on etspotlight@ Manipal Hospitals, Fortis, Max Healthcare, Medanta, Apollo Hospitals. When your clients are some of India's most prestigious medical institutions, it's a given that you are at the forefront of healthcare International has pioneered medical device manufacturing in India since 1952. Established as 'Romsons Scientific and Surgical Industries' by Ram Lal Khanna in Amritsar, the company began with laboratory and scientific equipment before expanding into disposable medical equipment, producing its first non-sterile Nelaton catheter in 1967. This marked the beginning of Romsons' journey into the medical device 1994, the company founded Romsons International in Agra, a wholly export-oriented unit. The following years saw significant milestones, including ISO 9002:1994 certification in 1999 and CE mark accreditation, enabling exports to European countries. In 2003, Romsons achieved ISO 9001:2000 certification, and by 2007, it had also obtained ISO 13485:2003 certification, underscoring its commitment to quality and regulatory International has a portfolio exceeding 200 products across:Romsons' major international markets are the United States, United Kingdom, Vietnam, Maldives, Oman, and Bangladesh. It also participates in prestigious international trade fairs such as FIME in Miami, MEDICA in Germany, and Arab Health in Dubai. All in all, its distributor network is over 1,500-strong in more than 80 countries, which is no small feat: in FY24, export sales accounted for around 96% of company has earned numerous accolades for excellence, including awards from FICCI, CII, the Chamber of Commerce in India, and special recognition from the Ministry of MSME, Government of India. It won the Top Exporter of the Year (Manufacturing) category at the ET MSME Awards 2024, standing out from a pool of over 15,000 entries at India's largest, most credible MSME such as this exemplifies Romsons' leadership, and by extension, India's growing prowess in the global medical device industry. Through continuous innovation, adherence to stringent quality standards, and a robust global presence, Romsons has solidified its position as a trusted name in indigenous medical equipment more winner vignettes of the ET MSME Awards , keep an eye on this space.
Time of India
12-06-2025
- Business
- Time of India
Prevest DenPro Limited: India's rising star in global dental materials manufacturing
Live Events Small enterprise, big impact. That sums it up for Prevest DenPro Limited, one of India's shining stars in the MSME (micro, small, and medium enterprise) sector. Its growing prominence in the global healthcare sector is especially laudable considering its modest beginnings in Jammu in one of the world's leading dental materials manufacturers, Prevest DenPro serves dental professionals across over 85 countries worldwide. True to its slogan, 'The Future of Dentistry', the company's foundation rests on a commitment to R&D, operating from state-of-the-art manufacturing facilities spanning over 60,000 square feet. This extensive infrastructure supports the production of more than 100 dental products, encompassing both clinical and laboratory clinical product portfolio includes adhesives, bonding agents, composites, impression materials, orthodontic products, and teeth whitening solutions. Its laboratory products include acrylics, auxiliaries, and base plates, addressing nearly every dental indication from diagnosis to treatment. It has launched indigenous biomaterials such as CalUltra (calcium hydroxide cavity liners), CalApex (root canal sealer), and Fusion Crysta (orthodontic adhesive kit).PreVest DenPro's commitment to innovation has earned it multiple accolades. These include the MSME Women Entrepreneur (Small) category at the ET MSME Awards 2024 for Co-founder and Executive Director Namrata Modi. It is recognised by the Indian Dental Association as a top dental manufacturer (nominated for the 'National Oral Healthcare Sushruta Award'), and was conferred the Top Exporter Award by The Federation of Indian Exporters. India's Ministry of Commerce has also recognised the company as a 'Star Export House'.Prevest DenPro's export-oriented business model has established it as a significant contributor to India's robust medical device exports. The company maintains rigorous quality standards through ISO 13485, CE, and MDSAP certifications, ensuring compliance with international regulatory requirements. This commitment to quality has earned the trust of dental professionals globally, with products finding applications across endodontics, orthodontics, periodontics, restorative dentistry, and aesthetic dental device manufacturer has also established a strong presence in the United States through Prevest DenPro USA Inc., demonstrating its global expansion strategy. The company's dedication to continuous improvement and innovation, backed by a state-of-the-art research centre, positions it at the forefront of dental material technology. As the dental industry continues to evolve, Prevest DenPro Limited remains committed to developing innovative, high-quality products at affordable prices, solidifying its position as a trusted partner in advancing global dental healthcare more winner vignettes of the ET MSME Awards , keep an eye on this space.
Time of India
12-06-2025
- Business
- Time of India
This medium enterprise is building foundations for India's growth
Live Events The construction industry, largely dominated by men, is witnessing a gradual transformation as women entrepreneurs establish themselves as formidable business leaders and innovators. These pioneers aren't just participating in the sector; they are reshaping it with fresh perspectives and unwavering construction companies bring unique strengths to an industry often criticised for rigid practices. They frequently emphasise collaborative management styles, prioritise safety protocols more rigorously, and demonstrate exceptional attention to detail in project execution. Such leadership translates to improved workplace cultures, reduced turnover, and enhanced client facing challenges including access to capital, industry scepticism, and networking barriers in circles dominated by men, women entrepreneurs in this sector are proving their mettle through ventures such as commercial construction and services such as sustainable building, smart building technologies, and modular construction. SB Scaffolding (India) Pvt. Ltd., which operates under the Saarvi Group, is one such.A prominent MSME (micro, small, and medium enterprise) in India's infrastructure sector, SB Scaffolding is led by Director and Promoter Nalini Chaskar. It specialises in the design, supply, and setup of scaffolding systems, aluminium formworks, and suspended safety platforms. The company has been a trusted partner for government agencies, multinational corporations, and construction companies since 2012. Its client roster includes BASF India, High Parra Construction, KC Power Infra Ltd, Prime Interiors, and Agnice Fire Scaffolding places a strong emphasis on product quality. The company sources high-grade steel and other materials to manufacture durable, reliable scaffolding systems that can withstand the demands of various construction activities. All materials undergo rigorous testing to meet international quality standards. From its facility in Navi Mumbai, the company also makes and exports high-grade infrastructural equipment to Singapore, Zambia, Malta, Saudi Arabia, and Papua New the aegis of Nalini Chaskar and Managing Director Santosh Chaskar, SB Scaffolding has received several business accolades. These include the Best Women Director award in the category of family-owned business at the Bombay Stock Exchange in December 2023 and the MSME Women Entrepreneur (Medium) at the ET MSME Awards 2024. The ET MSME Awards are India's largest MSME awards platform, having received over 15,000 registrations in its last Scaffolding India Pvt. Ltd. aims to expand its nationwide reach and explore more international markets. With the construction sector experiencing robust growth, the company will continue playing a crucial role in supporting the infrastructure development that underpins India's economic more winner vignettes of the ET MSME Awards , keep an eye on this space.
Time of India
04-06-2025
- Business
- Time of India
This company changed India's medical disposables market. Here's how
Live Events The indispensability of medical disposables was in full focus during the Covid-19 pandemic, when constant supplies of gloves, masks, and gowns became critical in the fight against viral transmission and cross-contamination. Without these single-use products, the number of Covid-related casualties worldwide would be even higher than the World Health Organization's cumulative toll of seven million-plus Of course, the importance of medical disposables goes beyond pandemics and emergency scenarios. Single-use healthcare products improve patient outcomes and operational efficiency by saving on time that would've otherwise gone into sterilisation processes. They also help medical facilities adhere to regulatory compliances and enforce strict infection India, one of the world's largest healthcare markets, Plasti Surge Industries Pvt Ltd (PSI) has pioneered the healthcare consumables market with its range of disposable kits, sterile surgical accessories and devices, surgical gowns, and protective apparel. For 36 years and counting, it has observed stringent quality control at its manufacturing facility in Amravati, Maharashtra. The result is a client roster that includes humanitarian agencies, municipal corporations, state governments, and the who's who of pharma, biotech, and healthcare. Think UNICEF, the Municipal Corporation of Greater Mumbai, Telangana state government, All India Institute Of Medical Sciences (AIIMS), Apollo Hospitals, Abbott, and Haffkine, to name its many honours, PSI was named one of India's Top 100 SMEs by the India SME Forum and the Ministry of MSME. Under the leadership of Executive Director Aditya Daga, PSI has carved a niche in India's cut-throat medical disposables market. Its decades of experience providing medical supplies for the public sector, innovative mother and child delivery kits, a pan-India distribution network of more than 450 dealers, and a presence in 16 international markets helped it stand out from a pool of over 15,000 applications at the ET MSME Awards 2024 — India's largest and most credible MSME awards — where it was awarded 'Pharmaceutical and Healthcare MSME of the Year'.As much as PSI is a force to reckon with when it comes to single-use medical products, it's also turning the tide for healthcare sustainability. The environmental impact of traditional healthcare disposables is a concern — India produces over 550 metric tonnes of such waste daily, exacerbating the problem of medical waste management since single-use gloves, gowns, and kits take hundreds of years to break down. Through its vertical PSI Dispo, Plasti Surge Industries is not only aligning with global sustainability goals, but making compostable disposables accessible to institutions such as concept of single-use healthcare disposables was virtually unknown in India until PSI scaled their production. In adapting to the times and setting new benchmarks for eco-friendly medical products, the company is proving that it is up to the task of remaining committed to responsible more winner vignettes of the ET MSME Awards , keep an eye on this space.
Time of India
04-06-2025
- Business
- Time of India
This Bengaluru-based firm is quietly saving thousands of mothers and newborns—here's how
For Arun Agarwal, who was born in Alwar, the reports of stillborn babies and maternal deaths were familiar occurrences. For years, he has heard these heartbreaking stories. However, his perspective changed when he learnt more about the high maternal and infant mortality rates in developing countries during his time at Vellore Institute of Technology, prompting him to seek a solution. According to the Rural Health Statistics report for 2022-23, there is a severe shortage of gynaecologists in rural India. The report highlights that against a requirement of 5,491, there are only 1,442 gynaecologists available, resulting in a shortfall of 74.2%. After graduation, Agarwal pursued a biomedical engineering course and visited several hospitals and labour wards across the country for his research. In 2015, Agarwal joined the Biotechnology Industry Research Assistance Council (BIRAC), which was looking for entrepreneurs working in maternity and child healthcare. A year later, the idea for Janitri Innovations germinated. Janitri is focused on providing affordable and accessible maternal and neonatal healthcare. Today, it has a wide range of products for both hospitals and at-home services for mothers. Its flagship product, Keyar, which initially started as an affordable and portable foetal monitoring device, today has different variants, such as a beltless ECG/EMG-based foetal maternal labour monitoring patch, postpartum haemorrhage risk detection, a wireless & portable smart CTG machine, a smart newborn jaundice monitor, a handheld foetal monitor and a home NST (Non-Stress Test) for high-risk mothers. Janitri has been granted seven patents; it has also filed 19 patents. The company has monitored over 200,000 mothers, catered to more than 800 hospitals and saved 8,000 lives operating in more than 11 countries. Live Events Janitri Innovations was also the winner of India's Top MSME of the Year- Micro, at the ET MSME Awards 2024. Janitri Innovations was also the winner of India's Top MSME of the Year- Micro, at the ET MSME Awards 2024. Maternity miracle Like many innovative start-ups, Janitri had its own share of a long gestation period. It started pilots in 2016 and launched the product commercially in 2021 after getting regulatory approvals. 'It's been four years since the commercialisation of our products. We have added so many other products and use cases, including post-delivery and newborn monitoring, since then. We were a team of 15 people in 2019 when we had to go through the ISO regulatory approvals. Now, we have grown into a team of 70 people,' Agarwal says. Janitri's other flagship product, Keyar Echo, is a first-of-its-kind home pregnancy monitoring device that allows expectant mothers to monitor their baby's heartbeat and well-being from home, ensuring timely medical decisions. Keyar's other variants, Keyar DT Max and Keyar DT Max Plus, enable advanced and smart pregnancy monitoring and immediate postpartum monitoring for timely intervention. It allows remote monitoring with data access on mobile apps for the doctors so timely action can be taken. Janitri has also enhanced hospital efficiency through Navam software, which digitises labour monitoring with AI-driven alerts and partograph generation, ensuring better clinical outcomes. These innovations are backed by patented technologies, extensive clinical validation and a user-centric approach addressing gaps in both hospital-based and home-based care. Janitri's Daksh SI Max is a smart obstetric shock index monitor, which is a portable medical-grade wireless device that helps doctors predict postpartum haemorrhage risk. Bengaluru-based Latha Venkatram, a senior obstetrician- gynaecologist, who has been with Janitri since its inception, explained that back then they had been looking for a low-cost, effective foetal monitoring device using electrical impulses, and this is where Janitri's innovation came to the rescue. 'There was only one other such product, which was expensive, but Janitri was a made-in-India device, affordable and fantastic. The partographs produced are better with this; we have compared it with a traditional Huntley Partograph monitor, and the graph is satisfactory. The other important feature is the maternal heart rate is also recorded. So twin monitors are also available now, so the foetal surveillance is quite effective, easy and fairly cost-effective,' she says. The company was also a part of Shark Tank India Season 2 in 2023. Agarwal went with Namita Thapar, Executive Director of Emcure Pharmaceuticals, for an offer of Rs 1 crore for 2.5% equity. Talking about Janitri's success overseas, Agarwal explains that they see similar maternal healthcare issues in the Global South. 'The field of pregnancy and newborn care faces issues in other developing countries like Southeast Asia, Africa, and South America. So, we get a lot of queries from those countries from doctors, hospital distributors and other stakeholders. We have deployed the product in Kenya, South Africa, Malaysia, Brazil, among other countries,' he says, adding that now the company is not very aggressive for the international market and will become so after getting international approvals from the FDA and CE. Agarwal highlighted that different variants of their products make it affordable to all—starting from Rs 40,000 to over Rs 2 lakh for a premium version. In hospitals, the devices start at Rs 1 lakh each. What next? The company is now focusing on building products and features for the entire journey of pregnancy, labour and newborns up to 2 years old. 'Our whole focus is purely from the perspective of some kind of vital monitoring and AI-based early-decision-making algorithms which can give support or early alerts to the healthcare worker or mother at home,' he says.
