Stericon

Bengaluru, India Founded: 2004 • Age: 22 yrs Acquired By Nirma
Private label contact lens cleaning solutions are manufactured by Stericon.

About Stericon

Stericon is a company based in Bengaluru (India) founded in 2004, and was acquired by Nirma in April 2023. Private label contact lens cleaning solutions are manufactured by Stericon. The company has 176 employees. Its Indian entity Stericon Pharma Private Limited reported revenue of β‚Ή169 Cr. Stericon offers products and services including Lens Cleaning Solutions and Contact Lenses.

Company details

Stericon was founded in 2004 and is headquartered in Bengaluru, India. Operations center on the private label manufacturing of contact lens cleaning solutions within the medical device sector. Products are developed and produced to meet specific client requirements, with a focus on quality standards for eye care applications. The company serves as a supplier for branded solutions distributed globally from its Indian base.

  • Headquarters Bengaluru, India
  • Employees 176
  • Stage Acquired
  • Email
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  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website stericon.net
  • Social LinkedIn
  • Acquired by Nirma (Apr 2023)
  • Legal Name Stericon Pharma Private Limited
  • Date of Incorporation 10 Jul, 1990
  • Jurisdiction Bangalore, Karnataka, India
Key Metrics
  • Annual Revenue
    ₹169 Cr

    FY 2025 · +21% YoY

  • Net Profit
    ₹48.24 Cr

    FY 2025 · 29% margin

  • EBITDA
    ₹67.94 Cr

    FY 2025 · 40% margin

  • Investors
    Nirma

    & 1 more

  • Employee Count
    176
  • Acquired by
    Nirma

    (Apr 2023)

Products & Services of Stericon

Stericon offers a comprehensive portfolio of products and services, including Lens Cleaning Solutions and Contact Lenses.

Lens Cleaning Solutions
Eye Care Products

These solutions are manufactured for cleaning contact lenses and are distributed globally.

Contact Lenses
Medical Devices

Contact lenses are produced in types such as disposable and color variants for various uses.

Funding Insights of Stericon

  • Total Rounds 1
  • Investors Count 1

All 1 funding rounds of Stericon with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jun 2017Private Equity Round––
Valuation history

2 investors in total: 2 institutional.

Investors in Stericon

Stericon has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Nirma and Evolvence.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
Holding company focused on asset management, education and retail
2001evolvence.comDubai, United Arab Emirates
Manufactures and markets consumer care products for everyday use.
1969nirma.co.inAhmedabad, India
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Investor details for Stericon

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  • Complete investor list
  • Round participation
  • Investor portfolios
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Board of directors of Stericon Pharma Private Limited (Stericon)

Stericon Pharma Private Limited is the primary company behind Stericon. The board of Stericon Pharma Private Limited currently have 3 directors; the longest-serving is Amar Narendrabhai Shah, appointed in 2023. 7 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Amar Narendrabhai Shah
DIN 00385560
Director28 Mar 20233 yrs 7 moStericon Pharma Private Limited
Chinmay Rajesh Vasa
DIN 10092517
Director28 Mar 20233 yrs 7 moStericon Pharma Private Limited
Ajay Bhushanlal Khushu
DIN 02594964
Director03 Apr 20242 yrs 7 moStericon Pharma Private Limited

People of Stericon

9 people are tracked at Stericon (1 in leadership, 8 in team); the tracked headcount is 176.

NameRoleGroup
Divakar Chandran
Managing DirectorLeadership
Anjan Kumar
Warehouse InchargeTeam
Senthil Narasimhan
ManagerTeam
Harika R
Qa/qcTeam
Arjun R S
Maintenance EngineerTeam
Pushpa G
Accounts ExecutiveTeam
Giridharan Gangadharan
AGMTeam
Vijay Kumar
QC MicrobiologistTeam
Santhosh B V
Finance ManagerTeam
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Complete people profiles for Stericon

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Financials of Stericon

Figures of Stericon Pharma Private Limited, the primary company behind Stericon, for FY 2025. Revenue was ₹169 Cr (+21% year on year). Net profit was ₹48.24 Cr (29% margin). EBITDA was ₹67.94 Cr (40% margin). Revenue has grown at a compounded annual rate of +22% over three years and +15% over five years.

  • ₹169 CrRevenue · FY 2025 · +21% YoY
  • ₹48.24 CrNet profit · 29% margin
  • ₹67.94 CrEBITDA · 40% margin
  • ₹4.37 CrPaid-up capital
  • 176Employees (provident fund records)
  • +22%Revenue CAGR, 3 years
  • +15%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Stericon Pharma Private Limited are on its company page.

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Detailed financial statements for Stericon

Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.

  • Statement rows
  • Financial ratios
  • Five-year trends
  • Downloads

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Timeline of Stericon

3 dated milestones of Stericon across 19 years, from founding to its latest funding, stage changes and deals.

  1. Founded Stericon is founded.
  2. Funding First funding round.
  3. Exit Acquired by Nirma.

Web traffic of Stericon

The website of Stericon (stericon.net) receives about 1.2K visits a month.

  • Monthly visits
    1.2K

    ▲ 12.9% vs previous month

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Related news about Stericon

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Complete news archive for Stericon

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  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Stericon

Stericon was founded in 2004 and raised its 1st funding round 13 years after it was founded.

Stericon is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Stericon has 176 employees.

The primary company behind Stericon, Stericon Pharma Private Limited, reported revenue of β‚Ή169 Cr for FY 2025, up 21% year on year.

Stericon was founded in 2004 and is headquartered in Bengaluru, India. Operations center on the private label manufacturing of contact lens cleaning solutions within the medical device sector. Products are developed and produced to meet specific client requirements, with a focus on quality standards for eye care applications. The company serves as a supplier for branded solutions distributed globally from its Indian base.

Stericon offers Lens Cleaning Solutions and Contact Lenses.

Stericon has 2 investors. Key investors include Nirma, and Evolvence.

Stericon operates through Stericon Pharma Private Limited.

Yes. Stericon was acquired by Nirma in April 2023.

The legal entities of Stericon currently have 3 directors, including Amar Narendrabhai Shah, Chinmay Rajesh Vasa, Ajay Bhushanlal Khushu.

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