About Biorad Medisys
Biorad Medisys is a Healthcare company based in Pune (India) founded in 2007. Medical devices for orthopaedic, neurovascular, and endovascular procedures are manufactured. Biorad Medisys has raised $5.46 million across 4 funding rounds from investors including Kotak Mahindra Bank, InvAscent and BioMediCon. The company has 1 employees. Biorad Medisys was last valued at $48.06 million in March 2017. Its chief executive, as recorded, is Babu P P. Its Indian entity Shetty Orthopedic Private Limited reported revenue of ₹6 Lakh. Biorad Medisys offers products and services including Orthovasive, Neurovasive, and Indovasive. Its focus areas include Diversified Medical Devices, Devices, Life Sciences and Orthopedics.
Company details
Biorad Medisys was founded in 2007 and is based in Pune, India. Medical devices are produced for the orthopaedics sector, including solutions for arthroplasty and sports medicine. Interventions in peripheral and neurovascular areas are supported through specialized devices. Endovascular applications in gastroenterology and urology are also addressed. Operations focus on scientific innovation within the healthcare industry to advance procedures in these fields.
- Headquarters Pune, India
- Employees 1
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website bioradmedisys.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Shetty Orthopedic Private Limited
- Date of Incorporation 14 Dec, 2022
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹6 Lakh
FY 2023
- Net Profit₹2.5 Lakh
FY 2023 · 42% margin
- EBITDA₹2.5 Lakh
FY 2023 · 42% margin
- Total Equity Funding$5.46M (USD)
in 4 rounds
- InvestorsKotak Mahindra Bank
& 2 more
- Employee Count1
Associated legal entities of Biorad Medisys
Biorad Medisys is associated with 2 registered companies on The Company Check; the primary company is Shetty Orthopedic Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shetty Orthopedic Private Limited CIN U33309PN2022PTC216973 | Active | 14 Dec 2022 | Pune, Maharashtra | ₹0.1 Cr | 3 | View details | |
| Biorad Medisys Private Limited CIN U33111MH2000PTC265335 | Active | 13 Mar 2000 | Mumbai, Maharashtra | ₹527 Cr | 572 | 4 | View details |
Products & Services of Biorad Medisys
Biorad Medisys offers a comprehensive portfolio of products and services, including Orthovasive, Neurovasive, and Indovasive.
Devices for arthroplasty and sports medicine treatments
Solutions for neurointervention and peripheral care
Tools for gastroenterology and urology procedures
Apps and channels of Biorad Medisys
its YouTube channel BioradMedisys Pvt. Ltd. has 884 subscribers and 25 videos.
Videos from Biorad Medisys
The most watched videos on Biorad Medisys's YouTube channel, BioradMedisys Pvt. Ltd. (884 subscribers). Click a video to play it here.
More on BioradMedisys Pvt. Ltd..
Funding Insights of Biorad Medisys
Biorad Medisys has successfully raised a total of $5.46M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.46M
- Total Rounds 4
- First Round $262,922
(Jan 2009)
- Investors Count 3
All 4 funding rounds of Biorad Medisys with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | Series A | – | – | ||
| Mar 2017 | $1.53M | Series A | $48.06M | InvAscent | – |
| Feb 2016 | $3.67M | Series A | $23.61M | InvAscent | – |
| Jan 2009 | $262,922 | Seed | $••••• | BioMediCon | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2017 | $48.06M | •••••••• |
| Feb 2016 | $23.61M | •••••••• |
Last known valuation $48.06M (Mar 2017). 3 investors in total: 3 institutional.
Investors in Biorad Medisys
Biorad Medisys has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Kotak Mahindra Bank, InvAscent and BioMediCon.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on life sciences investments in India. | 2005 | invascent.com | ||
Commercial banking services are offered to corporate and retail customers. | 1985 | kotak.com | Mumbai, India | |
Develops innovative medical devices for hospital operating rooms. | 1984 | biomedicon.com | Moorestown, United States |
Investor details for Biorad Medisys
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Shetty Orthopedic Private Limited (Biorad Medisys)
Shetty Orthopedic Private Limited is the primary company behind Biorad Medisys. The boards of the 2 registered companies of Biorad Medisys currently have 6 directors; the longest-serving is Jitendra Madhava Hegde, appointed in 2007. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jitendra Madhava Hegde DIN 00414006 | Managing Director | 24 Jan 2007 | 19 yrs 9 mo | Biorad Medisys Private Limited |
| Suchitra Hegde Jitendra DIN 00413983 | Director | 12 Apr 2007 | 19 yrs 7 mo | Biorad Medisys Private Limited |
| Vinoda Sundar Shetty DIN 09824699 | Director | 14 Dec 2022 | 3 yrs 10 mo | Shetty Orthopedic Private Limited |
| Sundara Shamaraya Shetty DIN 06658766 | Director | 14 Dec 2022 | 3 yrs 10 mo | Shetty Orthopedic Private Limited |
| Noureddine Frid DIN 10797094 | Director | 27 Sep 2024 | 2 yrs 1 mo | Biorad Medisys Private Limited |
| Nitin Jagannath Deshmukh DIN 00060743 | Nominee Director | 24 Dec 2024 | 1 yr 10 mo | Biorad Medisys Private Limited |
People of Biorad Medisys
19 people are tracked at Biorad Medisys (7 in leadership, 12 in team); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
J M Hegde | Owner & Managing Director | Leadership |
Babu P P | CEO | Leadership |
Nirav Vora | CFO | Leadership |
Debasish Pradhan | Director Of Innovation & IP | Leadership |
Sameer Gadkari | Business Unit Head | Leadership |
| Managing Director | Leadership | |
Rakhi Rajput | Assistant General Manager Marketing | Leadership |
Mukesh Sharma | Area Sales Manager | Team |
Purva Barve | Senior Marketing Specialist | Team |
Sujit Kalbhor | Sales Administrator - Assistant Manager | Team |
Priyanko Karmakar | Zonal Sales Manager | Team |
Vishal Birajdar | Assistant Manager - Additive Manufacturing Department Lead | Team |
Hara Prasad Dash | Senior Regional Sales Manager | Team |
Satish Kotian | Sales And Marketing Specialist | Team |
Bijoy S | Senior Executive Sales Administration | Team |
Sandip Patil | Dy. Manager HR & IR | Team |
Niraj Jain | Marketing Manager | Team |
Benny Thomas | Application Development Manager | Team |
Hirthik Gokul | Senior Technical Executive | Team |
Complete people profiles for Biorad Medisys
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Biorad Medisys
Figures of Shetty Orthopedic Private Limited, the primary company behind Biorad Medisys, for FY 2023. Revenue was ₹6 Lakh. Net profit was ₹2.5 Lakh (42% margin). EBITDA was ₹2.5 Lakh (42% margin).
- ₹6 LakhRevenue · FY 2023
- ₹2.5 LakhNet profit · 42% margin
- ₹2.5 LakhEBITDA · 42% margin
- ₹113 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Shetty Orthopedic Private Limited are on its company page.
Detailed financial statements for Biorad Medisys
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Biorad Medisys
4 dated milestones of Biorad Medisys across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Biorad Medisys is founded.
- Funding First funding round of $263K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A,.
Web traffic of Biorad Medisys
The website of Biorad Medisys (bioradmedisys.com) receives about 3.7K visits a month.
- Monthly visits3.7K
▲ 8.4% vs previous month
Websites whose visitors overlap most with Biorad Medisys. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
alconexports.com | alconexports.com | 100% | #7,838,285 | – |
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Related news about Biorad Medisys
Complete news archive for Biorad Medisys
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Frequently Asked Questions about Biorad Medisys
Biorad Medisys was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Biorad Medisys is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Babu P P is the CEO of Biorad Medisys, as recorded in our data.
Biorad Medisys is a funded company, having raised a total of $5.46M across 4 funding rounds to date. The company's 1st funding round was a Seed of $262.92K, raised on Jan 2009.
Biorad Medisys has 1 employees.
The primary company behind Biorad Medisys, Shetty Orthopedic Private Limited, reported revenue of ₹6 Lakh for FY 2023.
Biorad Medisys was founded in 2007 and is based in Pune, India. Medical devices are produced for the orthopaedics sector, including solutions for arthroplasty and sports medicine. Interventions in peripheral and neurovascular areas are supported through specialized devices. Endovascular applications in gastroenterology and urology are also addressed. Operations focus on scientific innovation within the healthcare industry to advance procedures in these fields.
Biorad Medisys offers Orthovasive, Neurovasive, and Indovasive.
Biorad Medisys has 3 investors. Key investors include Kotak Mahindra Bank, InvAscent, and BioMediCon.
The valuation of Biorad Medisys is $48.06M as of Mar 2017.
Biorad Medisys is associated with 2 legal entities: Shetty Orthopedic Private Limited, Biorad Medisys Private Limited.
The legal entities of Biorad Medisys currently have 7 directors, including Nitin Jagannath Deshmukh, Suchitra Hegde Jitendra, Noureddine Frid and others.