Kriya Medical Technologies and breaking China’s dominance in the medical device segment

Anu Moturi's frequent travels to China made her realise that what India is to the world of pharmacy, China is for the medical device segment. She decided to change this with her startup Kriya Medical Technologies.

In India, women only constitute a mere 12% in the manufacturing space. When it comes to manufacturing medical devices India is highly dependent on others. Over 70% of all medical devices needed in India are imported. Anu Moturi while travelling due to her work realised how many countries were lacking basic and affordable healthcare. 

Her frequent travels to China made her realise that what India is to the world of pharmacy, China is for the medical device segment. She decided to change this dominance of China on the Indian and other international markets. 

Her previous job at Ford Motor company had given her deep insights and learnings in the field of manufacturing and supply chain. With those learnings, she started Kriya Medical Technologies in 2012. They started their manufacturing journey from Chennai. 

This Chennai-based venture developed cutting-edge technologies and innovations in the field of biochemistry, diabetes and molecular diagnostics. They have developed professional blood glucose meter kits, Insulin syringes and Insulin Pen needles. By integrating their KRIVIDA Smart Sample Collection Devices, laboratories can then take care of all patient samples, track their moment from the point of collection to the end and then bring them further for processing. 

Their product KRIVIDA Novus, is an RT-PCR test priced at Rs 150 plus taxes that can detect the Omicron variant and its sub-lineages in 45 minutes. For it, they received a manufacturing licence from the DCGI (Drugs Controller General of India). Their solutions are not only Made in India but also take care of the quality, time, affordability, accessibility, availability and safety. They also plan to make a digital platform that will help laboratories take full control of their patients’ samples.

The venture started with an investment of Rs 12 crore. In FY21, they made Rs 14.5 crore and aim to make Rs 28 crore by the next year. Their clientele includes Lal Path Labs, Thyrocare, Metropolis Healthcare and others. According to Tracxn, the venture has raised $461,000 so far. Will such women-led ventures help India go ‘Atmanirbhar’ in the highly dependent medical device sector?

Tags : #KriyaMedicalTechnologies #AnuMoturi #medicaldevices #LalPathLabs #Thyrocare #MetropolisHealthcare #imports #China #Atmanirbhar #womenentrepreneurship #MediSpeak #smitakumar #medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Your Screen Addiction is Shaping Your Child’s Digital Future But Not in a Good WayFebruary 12, 2025
Your Screen Addiction is Shaping Your Child’s Digital Future But Not in a Good WayFebruary 12, 2025
Sarvodaya Hospital Champions Epilepsy Awareness on International Epilepsy DayFebruary 12, 2025
The Oxygen Crisis: Why 5 Billion People Are Struggling to BreatheFebruary 12, 2025
SDGs warrant breakthroughs not breakdowns in development financingFebruary 11, 2025
Emotional and Mental Overload in the AI Era? Meditation is Your CoPilot to Clarity and Calm! says DaajiFebruary 11, 2025
Avvatar Creatine Monohydrate Achieves Trustified Gold CertificationFebruary 11, 2025
Bengaluru’s Pet Healthcare Gets a Boost with Supertails’ Offline ExpansionFebruary 11, 2025
Can Classical Music Shape a Baby’s Heartbeat Before Birth? A New Study Says YesFebruary 11, 2025
What If Learning Was Like Weightlifting? New Science Says It Is!February 11, 2025
Medanta organizes ‘Catwalk for Cancer’ to honour survivors’ strength and resilienceFebruary 10, 2025
Defence Minister, Shri. Rajnath Singh applauds the work done by Aero A2Z for manifesting ‘Make in India’ radar systems February 10, 2025
6 Things Every Young Woman Should Know About Reproductive HealthFebruary 10, 2025
Special Story on Epilepsy DayFebruary 10, 2025
Right wing policies threaten gender equality and health securityFebruary 10, 2025
Lumpy Skin Disease Wiped Out 200,000 Cattle: Can This New Vaccine Be The Ultimate Solution?February 10, 2025
The Future of Healthcare: A Self-Powered Sensor That Tracks Wound Healing Like Never BeforeFebruary 10, 2025
Deworming in Children: A Crucial Step Towards Healthy GrowthFebruary 07, 2025
AI-powered blue-collar hiring platform Vahan.ai secures investment from APAC HR services leader Persol Group amid booming gig economy in India; plans to develop AI recruitment technology to support 8 major Indian languages February 07, 2025
Scars That Never Heal: The Painful Reality of Female Genital MutilationFebruary 06, 2025