Lotus Surgicals Pvt. Ltd.

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Lotus Surgicals Pvt. Ltd. - overview

Established

2005

Location

Mumbai, -, India

Primary Industry

Medical Devices & Equipment

About

Based in Mumbai, India, and founded in 2005 by founder Mehernosh Daruwalla, Lotus Surgicals Pvt. Ltd. , aka Louts Surgical, Lotus designs, develops, and manufactures surgical equipment such as absorbable and non-absorbable sutures, surgical meshes, clips, and surgical kits. The company has a 15,000-square feet manufacturing area, which consists of 20 class 10,000 clean rooms of varying sizes.


The Lotus facility is an integrated manufacturing facility, producing finished products, as well as primary finished packaging. In addition, the company has developed a quality management system (QMS) to provide assurance that all systems are designed and implemented as per the standard norms. In March 2023, Tube Investments of India Limited will acquire a 67% majority stake and Premji Invest will acquire a 33% minority stake in Lotus Surgicals Pvt. Ltd.


Samara Capital will exit its stake in the company. Lotus Surgicals offers a wide range of absorbable and non-absorbable braided and monofilament sutures, catering to every specialty, including cardiovascular and plastic surgery. Absorbable surgical sutures are for general soft tissue approximation or ligation, including use in ophthalmic procedures. The non-absorbable suture materials are easier to tie, are unlikely to break prematurely, and have a negligible inflammatory response.


The company also offers other medical devices, including different varieties of surgical mesh, clips and appliers, surgical staplers, surgical kits, and more. Surgical mesh provides medical textiles for the manufacture of hernia mesh, surgical mesh, and other medical devices. Surgical skin staplers are designed and developed for special surgical requirements. This premium range of skin staplers is accurately designed, simple to use, gives uniform tension, and reduces tissue compression and trauma.


Current Investors

Samara Capital

Primary Industry

Medical Devices & Equipment

Sub Industries

Surgical Devices

Website

www.lotus-surgicals.com

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

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Lotus Surgicals Pvt. Ltd. - timeline of key events

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Lotus Surgicals Pvt. Ltd. - financials

Fiscal Year EndedMar 31, 2014Mar 31, 2015Mar 31, 2016Mar 31, 2017Mar 31, 2018Mar 31, 2019Mar 31, 2020Mar 31, 2021Mar 31, 2022Mar 31, 2023
Revenue (USD)427,593,277540,044,133631,526,943786,210,182785,704,207611,815,435840,719,244---
% Revenue Growth (YoY)-26.3%16.9%24.5%(0.1%)(22.1%)37.4%---
EBITDA (USD)(75,640,892)45,347,559104,323,428120,348,063127,937,913(57,963,965)63,297,965---
Operating Income (USD)(78,820,346)(36,445,812)23,697,78843,478,55453,951,878(128,204,358)44,919,335---
Operating Margin(18.4%)(6.7%)3.8%5.5%6.9%(21.0%)5.3%---
% EBITDA Margin(17.7%)8.4%16.5%15.3%16.3%(9.5%)7.5%---
NET Income (USD)(112,220,409)(86,394,824)(25,388,280)5,302,98622,187,171(158,555,441)9,647,966---
% Net Margin(26.2%)(16.0%)(4.0%)0.7%2.8%(25.9%)1.1%---

Lotus Surgicals Pvt. Ltd. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedLotus Surgicals Pvt. Ltd.-
BuyoutCompletedLotus Surgicals Pvt. Ltd.-

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Lotus Surgicals Pvt. Ltd. - employee data

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