Top medical equipment manufacturing companies


Medical devices companies are not only playing an important role in improving the quality of life but also helping healthcare providers to diagnose the illness & treating them in right direction.

The industry has a CAGR value ranging from around 5% for the global medical equipment industry. India is the 4th largest manufacturer of medical equipment. (Source: IBEF)

We have listed down the top medical equipment manufacturing companies in India with their key information:

Wipro GE Healthcare

A joint venture between General Electric Company, USA & Wipro Enterprises Limited, India. Wipro GE Healthcare is well-known company for providing high performing & quality equipment and medicines since years. It was established in year 1945, they are specially indulging in making equipment for imaging agents and radiopharmaceuticals. Wipro Ge Healthcare Private Limited has 11 directors – Suresh Chandra SenapatyAzim Premji Hasham, and others.

Operating RevenueOver INR 500 cr
EBITDA 27.02 %
Networth -8.82 %
Debt/Equity Ratio0.00
Return on Equity17.10 %


Johari Digital

Johari Digital; with 40+ years of experience in medical device manufacturing. Johari is a global medical technology company with manufacturing facility which is MDSAP, ISO 13485:2016, and FDA (21 CFR 820) standards certified. Johari has a versatile range of product development and manufacturing; that include innovative life science products, diagnostic devices, and therapeutic devices. Johari Digital Healthcare Limited has three directors – Pradeep MaheshwariSatyendra Johari, and others.

Operating RevenueINR 1 cr – 100 cr
EBITDA 21.38 %
Networth 36.19 %
Debt/Equity Ratio0.21
Return on Equity27.53 %


Johnson & Johnson

Johnson & Johnson is very popular medical powerhouse founded in year 1945. Johnson & Johnson is an American-based company that is the leading medical equipment manufacturers in India. They use the latest technology to make the medical equipment and products. The portfolio includes consumer products, medical devices, vision care products. Johnson & Johnson Private Limited has seven directors – Suresh Narsappa TalwarMarco Philippus Ardeshir Wadia, and others.

Operating RevenueOver INR 500 cr
EBITDA -64.37 %
Networth 6.34 %
Debt/Equity Ratio0.00
Return on Equity31.72 %


Novartis AG

Novartis International AG founded in year 1947, is a Swiss- American based pharmaceutical company. They are one of the leading medical equipment companies in the world. They are the second biggest medical equipment manufacturers in India. The product ranges are medicines, eyecare products, generic products, tablets, Injectables, Anti-Infectives. Novartis India Limited has six directors – Sanker ParameswaranJai Vishwanath Hiremath, and others.

Operating RevenueINR 100 cr – 500 cr
EBITDA 122.69 %
Networth -1.32 %
Debt/Equity Ratio0.00
Return on Equity2.94 %


Medtronic India Pvt. Ltd.

Medtronic is completely owned subsidiary of Medtronic Plc, an American–Irish medical devices company. It is an unlisted private company incorporated in year 1993 and headquartered in Mumbai. The company providing healthcare solutions and involved in manufacturing & distribution of surgical and other medical instruments, apparatus, and equipment. India Medtronic Private Limited has three directors – Vineet JainMadan Rohinikrishnan, and others.

Operating RevenueOver INR 500 cr
EBITDA -26.80 %
Networth 5.19 %
Debt/Equity Ratio0.04
Return on Equity5.34 %