Motilal Oswal Alternates is a subsidiary of Motilal Oswal Financial Services and manages private equity and real estate assets with combined assets under management of about $3.1 billion.Motilal Oswal Alternates has invested $72 million for a minority stake in Sensa Core Medical Instrumentation, an India-based medical devices company.
Founded in 2006, Sensa Core designs, develops, manufactures and distributes in-vitro diagnostic devices. The company is best known for its electrolyte analysers, which are used across more than 40,000 hospitals and diagnostic laboratories in India, and exported to over 78 countries.
“We are excited to enter the next phase of product innovation – advancing manufacturing automation while driving the conceptualization and execution of a diverse portfolio of point-of-care products,” said Dr. Ravi Kumar Meruva, chairman, founder, and managing director of Sensa Core.
The company operates a manufacturing facility in Hyderabad, and is setting up a new unit to expand capacity and support new product development.
The investment will be used to accelerate product innovation, expand manufacturing automation, and scale the company’s global footprint.
“India continues to import over 75 per cent of its medical devices,” said Rohit Mantri, managing director and co-head of private equity at Motilal Oswal Alternates. “Sensa Core exemplifies India’s new era of homegrown medical device champions, driven by rising demand for high-quality, affordable and globally competitive products.”
Motilal Oswal Alternates is a subsidiary of Motilal Oswal Financial Services and manages private equity and real estate assets with combined assets under management of about $3.1 billion.
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