Romsons International: Pioneering Indian medical device manufacturing
Tired of too many ads?
Remove Ads
Catheters, surgical gloves, and anaesthesia products
Disposable syringes, IV cannulas, and infusion sets
Mother and baby care products such as breast pumps and baby wipes
Incontinence care products like adult diapers
Diagnostic and monitoring devices, including glucometers and blood pressure monitors
PPE kits and face masks
Tired of too many ads?
Remove Ads
(This article is generated and published by ET Spotlight team. You can get in touch with them on etspotlight@timesinternet.in)
Manipal Hospitals, Fortis, Max Healthcare, Medanta, Apollo Hospitals. When your clients are some of India's most prestigious medical institutions, it's a given that you are at the forefront of healthcare innovation.Romsons International has pioneered medical device manufacturing in India since 1952. Established as 'Romsons Scientific and Surgical Industries' by Ram Lal Khanna in Amritsar, the company began with laboratory and scientific equipment before expanding into disposable medical equipment, producing its first non-sterile Nelaton catheter in 1967. This marked the beginning of Romsons' journey into the medical device industry.In 1994, the company founded Romsons International in Agra, a wholly export-oriented unit. The following years saw significant milestones, including ISO 9002:1994 certification in 1999 and CE mark accreditation, enabling exports to European countries. In 2003, Romsons achieved ISO 9001:2000 certification, and by 2007, it had also obtained ISO 13485:2003 certification, underscoring its commitment to quality and regulatory compliance.Romsons International has a portfolio exceeding 200 products across:Romsons' major international markets are the United States, United Kingdom, Vietnam, Maldives, Oman, and Bangladesh. It also participates in prestigious international trade fairs such as FIME in Miami, MEDICA in Germany, and Arab Health in Dubai. All in all, its distributor network is over 1,500-strong in more than 80 countries, which is no small feat: in FY24, export sales accounted for around 96% of company revenue.Romsons has earned numerous accolades for excellence, including awards from FICCI, CII, the Chamber of Commerce in India, and special recognition from the Ministry of MSME, Government of India. It won the Top Exporter of the Year (Manufacturing) category at the ET MSME Awards 2024, standing out from a pool of over 15,000 entries at India's largest, most credible MSME awards.Recognition such as this exemplifies Romsons' leadership, and by extension, India's growing prowess in the global medical device industry. Through continuous innovation, adherence to stringent quality standards, and a robust global presence, Romsons has solidified its position as a trusted name in indigenous medical equipment manufacturing.For more winner vignettes of the ET MSME Awards , keep an eye on this space.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
19 minutes ago
- Time of India
GMR Energy raises Rs 1,600 crore through high-Yield debt
Mumbai: GMR Energy , the holding company for the group's power assets , has raised ₹1,600 crore through high-yield, five-year non-convertible debt , people familiar with the matter told ET. The issue, priced at 14.85%, drew investors including Allianz Global, Trust, and DSP Finance. The coupon works out to more than twice the existing risk-free rate on comparable duration. Proceeds will be used to partly repay existing loans and xtend intra-group lending, said the people cited above. Some investors are expected to offload portions of the debt in the secondary market to large foreign banks and family offices. "We will sell down our exposure to family offices and institutions at an attractive rate," said one of the investors, declining to be named. The fundraising is at a higher cost as this is a holding company. Also, some of the foreign banks are not interested in lending to thermal power producers. Bonds Corner Powered By GMR Energy raises Rs 1,600 crore through high-Yield debt GMR Energy has secured ₹1,600 crore through high-yield debt at 14.85%, attracting investors like Allianz Global and Trust. The funds will be used to refinance existing loans and expand intra-group lending. GMR Group is also set to increase its stake in GMR Energy to almost 99%, making it a fully owned subsidiary, after acquiring stakes from Tenaga Nasional and Temasek. Indian bonds see historic tightening of credit spreads amidst rating upgrade Rating boost drives rally in Indian corporate dollar bonds, squeezing spreads European bond yields tick up as traders gear up for Jackson Hole Japan bonds fall after auction; 10-year yield hits 17-year high Browse all Bonds News with GMR Group has steadily increased its stake in GMR Energy Ltd (GEL). Until October 2023, it owned about 58%, with Temasek holding 12% and Malaysia's Tenaga Nasional about 29%. In November 2023, GMR bought Tenaga's entire 29% stake, taking its holding to nearly 87%. Then in February 2024, it signed a deal to buy Temasek's 12% stake as well. Once this closes, GMR will own almost 99% of GEL, making it a fully owned subsidiary, according to a ICRA report. The company operates a portfolio of four power assets including GMR Kamalanga -1,050 MW thermal, GMR Warora -600 MW thermal. Live Events Last week, GMR group's Airport business raised ₹6,000 crore across two tranches- ₹1,500 crore through an 18-month tranche at 10.35% for 18 months and ₹4,400 crore through another tranche which carried a three-year maturity at 10.50%, saw demand from banks, NBFCs and institutional investors.
Time of India
19 minutes ago
- Time of India
Indian bonds see historic tightening of credit spreads amidst rating upgrade
Mumbai: Spreads between Indian bonds trading abroad and their benchmarks are at their narrowest ever, reflecting robust overseas interest in the world's fastest-expanding major economy that also saw a rating upgrade last week. Credit spreads on outstanding Indian bonds have shrunk further -and faster-after S&P upgraded New Delhi's sovereign rating for the first time since subprime mortgages fuelled the global financial crisis two decades ago. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Remember Him? Sit Down Before You See What He Looks Like Now 33 Bridges Undo "Credit spreads, especially for investment-grade Indian paper , have come down and are at levels never seen before," said the head of debt capital markets at a UK based bank. "This is also partly because the supply of Indian paper has come down this year as issuers are wary of global uncertainties. But the fact is these are the best credit spreads enjoyed by Indian companies for a long time." Bonds Corner Powered By Indian bonds see historic tightening of credit spreads amidst rating upgrade Overseas interest in Indian bonds is strong. Credit spreads are at record lows after S&P's rating upgrade. Exim Bank and Reliance Industries bonds are performing well. Experts say Indian companies' credit quality is excellent. Cheaper rupee funds and competitive overseas loan rates are impacting bond market activity. Most Indian companies have limited overseas payments. Rating boost drives rally in Indian corporate dollar bonds, squeezing spreads European bond yields tick up as traders gear up for Jackson Hole Japan bonds fall after auction; 10-year yield hits 17-year high India bonds stay muted on tepid demand due to fiscal worries Browse all Bonds News with Bankers said lower credit spreads on Indian bonds indicate wider acceptability and cheaper funding costs abroad. The sovereign-backed Exim Bank had raised $1 billion through a 10-year bond sale in January this year. The bond was priced at 100 basis points above the 10-year US benchmark. The instrument is trading at 71 basis points above the 10-year US bond now. One basis point is 0.01 percentage point. Live Events Private-sector companies have also fared equally well. Reliance Industries ' bond due in 2032 is currently trading at 63 basis points above the 10 year US treasury, the tightest since it was issued in 2022. The company had raised $1.5 billion and 120 basis points above the 10 year US treasury in 2022. Pratik Shah, head financial services, EY, said India's rating upgrade to BBB last week has further strengthened the attractiveness of Indian paper abroad. Agencies 'Best' Credit Quality "Credit quality of large Indian companies is probably at best ever. Their debt to equity is at near all-time best, so the chances of a credit event from India are very low," said Shah. "Then there are other factors like economic growth. Real GDP growth of India over the last four years has outpaced its peers." Bankers said weaker spreads indicate lower cost of borrowings for Indian companies through the overseas bond market. However, cheaper rupee funds and competitive overseas loan rates mean that companies would not want to spend time and money in finding investors to buy their bonds. "A 10-year dollar loan for an investment-grade company out of India comes to about 5.40% currently, which is a good 30 to 40 basis points below the 5.7% 10-year bond rate for Indian companies currently," said the head of debt capital markets at a US-based bank. "Rupee funds are available at cheaper rates, considering the currency risk and hedging costs. So, despite the spreads being so narrow, it does not mean companies will rush to the bond market." With most Indian companies having limited overseas payments, going to the dollar bond market is also a big decision.
Indian Express
2 hours ago
- Indian Express
Emmanuel Macron calls PM Modi, discusses Gaza & Trump meeting on Ukraine war
French President Emmanuel Macron called up Prime Minister Narendra Modi and shared his assessment on the recent meetings between US President Donald Trump, Ukraine's President Volodymyr Zelenskyy and European leaders. Earlier, Russian President Vladimir Putin had called Modi to share his 'insights' on the meeting with Trump in Alaska. The Prime Minister's office said on Thursday: 'Today, Prime Minister Narendra Modi received a phone call from the President of the French Republic Emmanuel Macron.' 'The leaders exchanged views on the ongoing efforts for peaceful resolution of conflicts in Ukraine and the West Asia region,' the PMO said. 'President Macron shared assessment on the recent meetings held between the leaders of the Europe, US and Ukraine in Washington. He also shared his perspectives on the situation in Gaza,' it said. The PMO statement said Modi reiterated India's consistent support for peaceful resolution of conflicts and early restoration of peace and stability. Modi posted on X: 'Had a very good conversation with my friend President Macron. Exchanged views on efforts for peaceful resolution of conflicts in Ukraine and in West Asia. Reaffirmed our commitment to further strengthen the India-France strategic partnership.' Macron said, in a post on X: 'I have just spoken with Prime Minister @NarendraModi. We coordinated our positions on the war in Ukraine in order to move towards a just and lasting peace, with strong guarantees for Ukraine and Europe's security.' 'On trade issues, we agreed to strengthen our economic exchanges and our strategic partnership in all areas — this is the key to our sovereignty and independence,' he said. Following up on the AI Action Summit held in Paris last February, the French President said, 'we are working towards the success of the AI Impact Summit to be held in New Delhi in 2026.' 'For more effective multilateralism, we agreed to work closely together in preparation for the French presidency of the G7 and the Indian presidency of the BRICS in 2026,' Macron said. The PMO said that the leaders also 'reviewed progress in the bilateral cooperation agenda, including in the areas of trade, defence, civil nuclear cooperation, technology and energy. They reaffirmed joint commitment to strengthen India-France Strategic Partnership…' The PMO said Macron conveyed support for early conclusion of the India-EU FTA.
