logo
ADIA to Invest USD 200 Million in Meril

ADIA to Invest USD 200 Million in Meril

A wholly owned subsidiary of the Abu Dhabi Investment Authority ('ADIA') has entered into definitive agreements to invest USD 200 million for a ~3% stake in Micro Life Sciences Private Limited ('Meril'), one of India's leading medical devices companies. This investment values Meril at an enterprise value of USD 6.6 billion. The transaction is subject to regulatory approval by the Competition Commission of India (CCI). Post this investment, Meril will be backed by two globally recognized investors, ADIA and Warburg Pincus.
ADIA to invest USD 200 million in Meril, valuing the Indian medical devices company at an enterprise value of USD 6.6 billion
Founded by the Bilakhia Group, Meril is a global innovator in medical technology (MedTech), with a strong focus on clinically advanced solutions across multiple specialties – including Cardiovascular, Structural Heart, Orthopaedics, Endo-surgery, In-vitro Diagnostics and Surgical Robotics.
Headquartered in Vapi, India, Meril operates state-of-the-art, vertically integrated, and globally certified manufacturing and RCD facilities, across a 100 acre sustainable MedTech campus. The company employs more than 13,000 people, has 35+ global subsidiaries, and serves healthcare systems in 150+ countries. Meril is committed to becoming the world's leading MedTech company, powered 100% by green energy, reinforcing its commitment to sustainable innovation.
With a robust in-house global RCD ecosystem and a portfolio of 200+ technology platforms, Meril continues to lead in global clinical research and education. Breakthrough innovations such as the Myval Transcatheter Heart Valve (THV) series, MyClip Transcatheter Edge-to-Edge Repair (TEER) system, and the MISSO Surgical Robotic System highlight Meril's dedication to next-generation innovation. Through its 12+ global training academies, Meril empowers over 10,000 healthcare professionals annually.
Sanjeev Bhatt, Senior Vice President – Strategy, Meril said: 'This investment by ADIA reinforces confidence in Meril's long term vision and global ambitions. This investment will enable us to accelerate growth, attract world-class talent, and further strengthen our RCD and clinical research efforts as we work towards improving the quality of human life through advanced healthcare solutions.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bad news for employees of this company as it plans to lay off over 24000 workers due to…, not TCS, Infosys, Apple, Amazon, Google, Microsoft, it is…
Bad news for employees of this company as it plans to lay off over 24000 workers due to…, not TCS, Infosys, Apple, Amazon, Google, Microsoft, it is…

India.com

time4 minutes ago

  • India.com

Bad news for employees of this company as it plans to lay off over 24000 workers due to…, not TCS, Infosys, Apple, Amazon, Google, Microsoft, it is…

In today's technology landscape, massive layoffs have become normalized. Several high-profile tech companies are letting go of thousands of employees, not for performance reasons but as part of company-wide restructuring. Companies from small startups to large global organizations are restructuring their workforce to save costs, implement new technologies, or reorganize for a rapidly changing technology setting. Now, Intel, one of the world's largest chipmaking companies, plans to lay off around 24,000 employees this year. Yes, you heard it right. According to the TimesOfIndia report, Intel will lay off roughly 24000 employees this year, which is about 1/4 of the employees of Intel. The new CEO, Lip-Bu Tan, is making significant changes in order to cut costs and improve the company. As part of that process, Intel has also scrapped plans to expand into Germany and Poland. The semiconductor titan employed 99,500 core workers at the end of 2024. But now, it plans to drop that number to only 75,000 total employees by the end of 2025. CEO Lip-Bu Tan called these cuts 'hard but necessary decisions' in a memo shared with the company's employees on Thursday. In the memo on July 24, 2025, Tan stated in the memo,' I know the past few months have not been easy. We are making hard but necessary decisions to streamline the organization, drive greater efficiency and increase accountability at every level of the company.' The job cuts include layoffs already in the second quarter, in which Intel removed about half of its layers, and was a restructuring with a $1.9 billion in total costs. While writing to the employees, Tan stated, 'There are no more blank checks. Every investment must make economic sense.' The company reported a net loss of USD 2.9 billion, which included restructuring-related costs associated with the most recent layoff. Revenue for the quarter was flat USD 12.9 billion, still above the expectations of the market. This marks the longest period of time in 35 years that the company has lost money, with six quarters in a row. Even after the company generated more money than Wall Street was anticipating, Intel continues to fall further behind competitors in the rapidly growing AI business, especially Nvidia and AMD.

Nishant Singhal has been appointed as the CEO of Healthians
Nishant Singhal has been appointed as the CEO of Healthians

The Wire

time4 minutes ago

  • The Wire

Nishant Singhal has been appointed as the CEO of Healthians

New Delhi, 24th July 2025: 'We have demonstrated that right unit economics at scale and tech driven integrated business processes can deliver profitability for Digital First Healthcare service providers. Our business prospects and processes are fully aligned to deliver positive EBITDA not only in FY 26 but also in years to come with Revenue growth higher than industry average. Healthians has significant pricing leverage which will help in driving growth besides volumes', said Nishant Singhal, Board Member & CEO at Healthians. Outside of Healthians, Nishant continues to be a prominent voice in India's startup ecosystem. He is known for mentoring and backing purpose-driven entrepreneurial ventures across industry verticals. Nishant Singhal has embarked on an exciting new chapter in his professional journey, stepping into the role of Chief Executive Officer at Healthians, India's leading 'At Home' diagnostics and health-tech platform. This move reflects a natural progression in Nishant's long-standing association with Healthians. Nishant came in as a seed investor in Healthians on behalf of Yuvraj Singh's start up fund. He has been an active Member of the Board of Directors since 2017. He also took up the role of Chief Operating Officer for over 3 years till mid of 2023. Healthians scaled up on all fronts during this period including 18X revenue and volume growth, setting up of over 22 labs and expansion to 300 cities. Healthians also raised over USD 100 mn during this period from prestigious investors like Westbridge Capital, Beenext and Evolvence Fund. His deep operational understanding and strategic leadership have helped shape the company's expansion and innovation-driven culture. 'It's always exciting to lead what you built over last few years. We are on a transformative journey to build scale and profitability i.e. Healthians 3.0. We will be delivering our best business performance in FY 26,' said Nishant Singhal. Nishant has been actively involved in leading the business since February 2025 and the impact is immediately visible. Healthians has recently announced that it has turned EBITDA and Cash positive in the Quarter ending June 2025. A first in Health Tech space and a much-awaited development. This comes as a 'Diagnostics at Home' category defining moment and that too from a Digital Native healthcare service provider like Healthians. The capability of Digital First players to deliver cash EBITDA has been a point of debate for over a decade now. It has been widely believed that most of the players will run out of cash and will eventually either significantly scale down or shut business. 'Healthians, a Digital First healthcare service provider, has always been at the forefront of driving best in class processes in Diagnostics at Home as a category. We have provided best in class diagnostic services to homes of over 1 million customers in the quarter ended June 2025, backed by our CAP Accredited and NABL accredited labs. We continue to lead the consumer and corporate wellness space with tech driven consumer-oriented services', said Nishant Singhal, Board Member & CEO at Healthians. Healthians has reported that the company is growing faster than all industry players on a YOY and Sequential basis. Healthians is also projecting FY 26 to be a fully EBITDA profitable year. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

ISL to go on this season, assures AIFF chief Chaubey; says national head coach appointment in 10 days
ISL to go on this season, assures AIFF chief Chaubey; says national head coach appointment in 10 days

The Hindu

time4 minutes ago

  • The Hindu

ISL to go on this season, assures AIFF chief Chaubey; says national head coach appointment in 10 days

All India Football Federation (AIFF) president Kalyan Chaubey on Thursday assured that the Indian Super League (ISL), which has been put on hold for the time being, will be held this season, though he did not specify on a start date of the top-tier domestic competition. He also said that a new head coach of the Indian men's senior football team will be appointed within the next 10 days after the technical committee sent three shortlisted candidates to the AIFF executive committee on Wednesday to pick from. "As AIFF president, I assure you that the league will take place. But time is of the essence, there is an international calendar, FIFA windows, home and away matches, so time is a factor," Chaubey told PTI at the sidelines of a press conference hosted by the Indian Olympic Association (IOA). "If the league doesn't take place, it is not only footballers but the people who are associated with football will be affected. It's thousands of people who will be affected. So, we will put our best effort to ensure that the league happens," said Chaubey who is also a joint secretary of the IOA. MRA issues On July 11, ISL organisers FSDL announced that it has put the 2025-26 season "on hold" due to the uncertainty surrounding the renewal of Master Rights Agreement (MRA) signed with the AIFF in 2010. ISL normally runs from September to April, and the current MRA between Football Sports Development Limited (FSDL), which organises the event, and the AIFF is scheduled to expire on December 8, 2025, by which time the ISL would be into its third month. Following a directive from the Supreme Court, the AIFF has been asked not to negotiate new terms of the MRA with (FSDL), the apex governing body's commercial partner running the ISL, until a final judgment is delivered in the AIFF draft constitution case. The Supreme Court may pronounce its judgment soon. "I am not saying it (ISL) will be delayed, we don't know when the decision is coming. And so as and when it comes, definitely the AIFF will take a call, sit with all the stakeholders and ensure that how smoothly these tournaments, including ISL, can be conducted." Head coach to be announced soon On the appointment of the national team head coach to succeed Manolo Marquez who mutually parted ways with the AIFF earlier this month, Chaubey said, "I think 10 days from now, if all goes smoothly. "We will hold executive committee meeting and thereafter the name of the head coach will be announced," he said. The experienced Anglo-Cypriot Stephen Constantine, Stefan Tarkovic of Slovakia and home-bred Khalid Jamil were among three candidates shortlisted on Wednesday by the technical committee of the AIFF. Out of the three, Jamil appeared to be the frontrunner to get the job. The AIFF had invited applications for the top job on July 4 with July 13 as the deadline. It received 170 applications, which included big names like former Liverpool stars Robbie Fowler and Harry Kewell.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store