About Nayam Innovations
Nayam Innovations is a Healthcare company based in Pune (India) founded in 2012 by Julia Ann Kornfield, Surendra Ponrathnam, and Tanuj Gigras. Artificial intraocular lenses for cataract treatment are developed. Nayam Innovations has raised $3.26 million across 8 funding rounds from investors including Villgro, Bharat Fund and Indian Angel Network. Nayam Innovations was last valued at $15.67 million in December 2022. Its chief executive, as recorded, is Tanuj Gigras. Its Indian entity Nayam Innovations Private Limited reported revenue of ₹14.57 Cr. Nayam Innovations offers products and services including E-SITE™ and I-SITE™. Its focus areas include Life Sciences, Ophthalmology, Medical Devices and Therapy.
Company details
Developer of an artificial implantable intraocular lens to treat cataracts. It offers a customization technology platform that would allow patients and surgeons to personalize intraocular lenses to enable spectacle-free LASIK-quality vision at all distances eliminating the need for any post-surgical intervention. The companys products includes E-SITE and I-SITE customized IOLs to correct any combination of lower and higher order aberrations.
- Headquarters Pune, India
- Founders Julia Ann Kornfield, Surendra Ponrathnam, Tanuj Gigras
- Stage Minicorn
- SectorsHealthcare
- Email••••••••
- Website nayaminnovations.com
- Social LinkedIn
- Legal Name Nayam Innovations Private Limited
- Date of Incorporation 17 Dec, 2012
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹14.57 Cr
FY 2025 · +1226% YoY
- Net Profit₹4.71 Cr
FY 2025 · 32% margin
- EBITDA₹4.23 Cr
FY 2025 · 29% margin
- Total Equity Funding$3.26M (USD)
in 8 rounds
- Latest Funding Round$547.67K (USD), Seed
Dec 2022
- InvestorsVillgro
& 61 more
Associated legal entities of Nayam Innovations
Nayam Innovations operates through Nayam Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nayam Innovations Private Limited CIN U74900PN2012PTC242338 | Active | 17 Dec 2012 | Pune, Maharashtra | ₹14.6 Cr | 248 | 5 | View details |
Products & Services of Nayam Innovations
Nayam Innovations offers a comprehensive portfolio of products and services, including E-SITE™ and I-SITE™.
Customized intraocular lenses are provided for correcting vision aberrations in cataract patients
Additional customized intraocular lenses are offered to address specific optical needs and combinations of aberrations
Funding Insights of Nayam Innovations
Nayam Innovations has successfully raised a total of $3.26M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $547.67 thousand completed in December 2022. 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 $3.26M
- Total Rounds 8
- Last Round Seed — $547,670
- First Round $80,173
(Mar 2015)
- Investors Count 62
All 8 funding rounds of Nayam Innovations 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 |
|---|---|---|---|---|---|
| Dec 2022 | $547,670 | Seed | $15.67M | Indian Angel Network | |
| May 2022 | $1.59M | Seed | $10M | Bharat Innovation Fund, Indian Angel Network | |
| Sep 2021 | $841,269 | Seed | $••••• | Indian Angel Network, Indian Angel Network | |
| Jan 2021 | $47,191 | Angel Round | $••••• | Guruswamy Krishnamoorthy | |
| May 2019 | $35,709 | Angel Round | $••••• | Bala Ambati | |
| Feb 2019 | $113,887 | Seed | $••••• | Venture Center | |
| May 2015 | Grant | – | – | ||
| Mar 2015 | $80,173 | Seed | $••••• | Villgro |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2022 | $15.67M | •••••••• |
| May 2022 | $10M | •••••••• |
| Sep 2021 | $••••• | •••••••• |
| Jan 2021 | $••••• | •••••••• |
| May 2019 | $••••• | •••••••• |
| Feb 2019 | $••••• | •••••••• |
Full valuation and stage history of Nayam Innovations
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $15.67M (Dec 2022). 62 investors in total: 13 institutional and 49 angel.
Investors in Nayam Innovations
Nayam Innovations has secured backing from 62 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Villgro, Bharat Fund and Indian Angel Network.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Multiple-stage venture capital investments are managed by Haystack. | haystack.vc | Menlo Park, United States | ||
Funding for IP-driven deep-tech and digitization-led inclusive solutions. | 2017 | bharat.fund | Ahmedabad, India | |
Multiple sectors are invested in by the single family office. | ||||
Family assets are managed by the Viney Sahgal Family Trust. | ||||
Startups are incubated at Venture Center, backed by CSIR. | venturecenter.co.in | Pune, India | ||
Incubation of social enterprises in climate-smart agriculture, healthcare, and climate action sectors. | 2001 | villgro.org | Chennai, India | |
Real estate investments are managed for risk-adjusted returns by Pragnya. | pragnyafunds.com | Port Louis, Mauritius | ||
Consulting, brand design, and digital marketing services are provided. | bdgco.com | Taipei, Taiwan | ||
Personal and business insurance services are provided to clients. | dimensionalresourcesllc.com | Osage Beach, United States |
Investor details for Nayam Innovations
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Nayam Innovations Private Limited (Nayam Innovations)
Nayam Innovations Private Limited is the primary company behind Nayam Innovations. The board of Nayam Innovations Private Limited currently have 5 directors; the longest-serving is Tanuj Gigras, appointed in 2012. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tanuj Gigras DIN 05193529 | Director | 17 Dec 2012 | 13 yrs 10 mo | Nayam Innovations Private Limited |
| Julia Ann Kornfield DIN 07077675 | Director | 22 Jan 2015 | 11 yrs 9 mo | Nayam Innovations Private Limited |
| Manisha Premnath DIN 05280048 | Nominee Director | 05 Mar 2015 | 11 yrs 8 mo | Nayam Innovations Private Limited |
| Surendra Ponrathnam DIN 07111881 | Director | 05 Mar 2015 | 11 yrs 8 mo | Nayam Innovations Private Limited |
| Sudipta Gautam DIN 02896765 | Nominee Director | 22 Oct 2021 | 5 yrs | Nayam Innovations Private Limited |
People of Nayam Innovations
3 people are tracked at Nayam Innovations (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Nayam Innovations
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 Nayam Innovations
Figures of Nayam Innovations Private Limited, the primary company behind Nayam Innovations, for FY 2025. Revenue was ₹14.57 Cr (+1226% year on year). Net profit was ₹4.71 Cr (32% margin). EBITDA was ₹4.23 Cr (29% margin). Revenue has grown at a compounded annual rate of +146% over three years and +109% over five years.
- ₹14.57 CrRevenue · FY 2025 · +1226% YoY
- ₹4.71 CrNet profit · 32% margin
- ₹4.23 CrEBITDA · 29% margin
- ₹3.2 LakhPaid-up capital
- 248Employees (provident fund records)
- +146%Revenue CAGR, 3 years
- +109%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nayam Innovations Private Limited are on its company page.
Detailed financial statements for Nayam Innovations
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Nayam Innovations
4 dated milestones of Nayam Innovations across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Nayam Innovations is founded.
- Funding First funding round of $80K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $548K.
Top companies in Ophthalmology
2 companies that operate in the same segment as Nayam Innovations (Ophthalmology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered portable solutions for ophthalmic screening and diagnosis are developed. | 2009 | Bengaluru, Karnataka, India | USD 25.01 M | USD 4.85 M | 135 | |
Manufacturer of portable digital eye imaging devices and cloud-based healthcare platforms | 2010 | Bengaluru, Karnataka, India | USD 18.12 M | USD 4.78 M | 145 |
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Frequently Asked Questions about Nayam Innovations
Nayam Innovations was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Nayam Innovations is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Tanuj Gigras is the CEO of Nayam Innovations, as recorded in our data. They have also founded this company.
Nayam Innovations is a funded company, having raised a total of $3.26M across 8 funding rounds to date. The company's 1st funding round was a Seed of $80.17K, raised on Mar 2015.
The primary company behind Nayam Innovations, Nayam Innovations Private Limited, reported revenue of ₹14.57 Cr for FY 2025, up 1226% year on year.
Developer of an artificial implantable intraocular lens to treat cataracts. It offers a customization technology platform that would allow patients and surgeons to personalize intraocular lenses to enable spectacle-free LASIK-quality vision at all distances eliminating the need for any post-surgical intervention. The companys products includes E-SITE and I-SITE customized IOLs to correct any combination of lower and higher order aberrations.
Nayam Innovations offers E-SITEâ„¢ and I-SITEâ„¢.
Nayam Innovations has 62 investors. Key investors include Villgro, Bharat Fund, Indian Angel Network, Haystack, and Pragnya.
The valuation of Nayam Innovations is $15.67M as of Dec 2022.
Nayam Innovations operates through Nayam Innovations Private Limited.
The legal entities of Nayam Innovations currently have 5 directors, including Manisha Premnath, Tanuj Gigras, Julia Ann Kornfield and others.