History of Poly Medicure: From India to Italy, China, and Egypt

The healthcare sector in India is widely respected for its quality and innovation. Among the companies making a mark, Poly Medicure Limited has emerged as the fifth largest healthcare company in India by market cap. It is also the largest exporter of medical devices from India. 

With over 29 years of experience and recognition as “Medical Devices Company of the Year,” Poly Medicure continues to expand. The company was founded by a team of engineers and experts who shared a common goal: to improve patient care through high-quality medical products. 

Let’s explore how Poly Medicure began and its journey to becoming one of the leading medical equipment manufacturers in India.

Poly Medicure: 29+ Years of Excellence in Medical Devices

Polymed has come a long way since its inception.

Poly Medicure Limited was founded in 1995. But who were the brilliant minds behind these medical equipment suppliers?  

Polymed was founded in 1995 by a team of engineers and experts with a clear goal: to provide the best quality healthcare products to people around the world.

In 1997, the company began its manufacturing operations.

Their major step forward was in the year 2003 when, with a joint venture in Assuit, Egypt, Polymed expanded its reach internationally.

In 2004, they opened their second plant in Faridabad, marking a key point in their growth in India.

The company continued to expand its manufacturing footprint, and in 2007, it set up a new plant in Haridwar, further boosting its production capabilities.

In 2009, Poly Medicure made its mark in China with the establishment of the Poly Medicure (Laiyang) Co. Ltd. plant, solidifying its presence in the Asian market.

The company achieved another milestone in 2009 when it was listed on the National Stock Exchange (NSE), opening up new avenues for growth and investment.

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In 2014, they established a new plant in SEZ Jaipur, continuing their expansion with a focus on innovation and efficiency.

The company didn’t stop there—by 2016, they launched a new Research and Development (R&D) Centre.

In 2018, Poly Medicure introduced a dedicated renal vertical focusing on dialysis solutions, which opened up new opportunities in the healthcare sector.

In 2019, they acquired Plan1Health in Italy, further enhancing their global presence and capabilities in the medical field.

The company’s growth continued in 2020 when it opened a new plant in IMT Faridabad, reinforcing its commitment to expanding production and meeting growing demand.

Finally, in 2021, Poly Medicure strengthened its international presence with the launch of Polyhealth Medical Inc., a US-based subsidiary, marking another exciting chapter in its global journey.

Poly Medicure Ltd: Company Overview

Polymed is a global leader in the medical devices industry. With over two decades of expertise, the company is dedicated to improving patient care globally. Recognised as the “Medical Devices Company of the Year 2018” by the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, Government of India, Polymed has also earned the title of the Largest Exporter of Medical Devices from India for six consecutive years.

With over two decades of experience, Polymed has grown into one of the largest exporters of medical devices from India. The company operates manufacturing facilities both in India and overseas, including in Italy, China, and Egypt. 

Their products cover medical sectors, such as oncology, cardiology, infusion therapy, and respiratory care.

• 8 state-of-the-art manufacturing facilities worldwide
• 5 manufacturing facilities in India (Faridabad, Jaipur, Haridwar)
• 3 overseas facilities (Italy, China, Egypt)
• More than 125 products manufactured using advanced technology

Polymed has shown impressive financial growth in the comparison between the financial years 2023 and 2024. 

• Poly Medicure revenue has increased by 23%, rising from INR 293 crores to INR 360 crores.
• It also saw an increase, growing from INR 90 crores to INR 113 crores.
• The company’s PAT (profit after tax) improved from INR 57.5 crores to INR 70.5 crores.

Polymed’s Corporate Social Responsibility (CSR) Initiatives

Polymed is deeply committed to improving the lives of underprivileged communities near its operations. Through various CSR programs, the company focuses on the following:

• Enhancing health
• Education
• Social welfare
• Environmental sustainability.

Key CSR Efforts- 2024

• Education

Polymed supports numerous educational projects across the country. It provides scholarships to over 150 students annually and donates essential school supplies to underprivileged students.

• Healthcare

Poly Medicure Ltd has invested heavily in healthcare initiatives, particularly in rural areas. The company organises free medical camps, including Ayurveda, Homeopathy, and Yoga check-ups.

• Social Welfare

With its efforts, it also aims to empower specially-abled individuals, including cleanliness drives, rehabilitation programs, and building toilets and water tanks in schools. The company also works closely with blind schools and artificial limb centres.

• Women’s Empowerment

Their Project Bala initiative educates young girls on female hygiene and health.

• Animal Protection

It collaborates with organisations to protect animals, offering shelter, food, and spay/neuter services for stray animals.

FAQs: History of Poly Medicure Limited

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