The company proposes to invest Rs 60 crores in a new greenfield project at IMT Faridabad in Haryana
Poly Medicure is one of the leading medical devices manufacturer and exporter in India with a dominant position in the medical devices market having a focus on innovation, safety and quality. It has a vision to provide highest quality of healthcare available to all. Polymed has six manufacturing facilities, four in India (two facilities in Faridabad and one in Jaipur and one in Haridwar), two facilities overseas (one facility in China – wholly-owned subsidiary and one joint venture in Egypt.)
The company has over 400,000 square feet manufacturing area with 100,000 + square feet clean room area and state-of-the-art facilities with a capacity to expand rapidly. Polymed was founded by Himanshu Baid, who started his career as a trainee engineer for six months at Philips Communication Industries in Nurenberg, Germany. He is very passionate about the development of his business in India and abroad and his moto is to provide medical devices at an affordable cost to the society.
The company is proposing to invest Rs 60 crore in a new green field project at IMT Faridabad in Haryana and is geared up to launch a slew of products in the third quarter of 2017 with all statutory approvals.
“For an excellence in growth, we have our own in-house R&D facility like; rapid prototyping using 3-D printer, process validation and customisation of products. Design, manufacture and maintenance of injection moulds, semi automatic assembly lines using CNC tooling machines, manufacturing process capabilities include injection molding, extrusion, insert molding, compression molding, blow molding, ultrasonic welding, RF & HF welding, UV bonding, laser welding etc all these technology support to gear up in Indian and overseas market,” said Himanshu Baid, Managing Director, Poly Medicure.
“We have highly experienced and trained manpower consisting of over 75 engineers, who constantly working for development of new products and processes. Semi- automatic and automatic assembly machines designed using latest technology and developed equipped tooling facility, ethylene oxide and steam sterilization facilities are available in house,” Baid added.
Polymed’s manpower stands at par with those globally. There are 1500 full time employees working at different facilities. With best technical and product trainings, Kaizen, 5-S, Six Sigma, Leadership Skills, they are capable to create high-quality and innovative solutions for the medical devices industry. Through its R&D initiatives, the company has filed approximately 400 international patents worldwide. The company is exporting its products to more than 90 countries and has a gross turnover of Rs 394 crores.
The company started its manufacturing operations in 1997. Polymed produces more than 100 different types of medical devices including Safety IV Cannula-Quick Flash IV Cannula-Infusions Sets, CVC, Blood Bags-Blood Lines, haemodialysis catheter-Thoracic catheters, blood collection tubes, needle free extension lines, safety scalp vein and safety PSV sets, vacuum drainage bottles, anesthesia, urology, surgery and wound drainage,-gastroenterology and respiratory range of devices. The products have been well accepted in the global market. The company has successfully implemented a QMS (Quality Management System) which has been accredited by DNV, Norway with ISO 9001:2008, ISO-13485: 2003 and CE – 0434 from DNV, Norway thus making the entire product range compliant with international quality standards.
The company is constantly adding new products in our existing vast product basket. The company is also launching new products in gastrology and nephrology. The company has received top exporter award (first prize) for highest export of plastic medical disposables for the last four years – FY 2011-12, 2012-13, 2013-14 & 2014-15 from The Plastics Export Promotion Council. The company has also received Silver Patent Award given by Pharmaceuticals Export Promotion council for Year 2009 – 2010 & 2010 – 2011 and 2011 – 2012 and Gold Patent Award given by Pharmaceuticals Export Promotion council for Year 2010 – 2011.
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