 "Tynor Orthotics raises Rs 1.43 bn from Lighthouse Funds, Thuasne of France")
Lighthouse Funds, a mid-market focussed private equity fund and Thuasne Participations, France, together have invested Rs 1.43 billion in Tynor Orthotics Private Limited, which claims to be India's largest orthotic soft goods company. The investment will be used to accelerate Tynor's growth plans.
Tynor is a leading brand in India's rapidly growing orthotic support industry and sells products such as body braces, supports, fracture and walking aids. The company has a wide range of offerings consisting of over 140 products. Tynor has a national distribution network in India and also exports to over 40 countries. The company is aiming to achieve sales of over Rs 5 billion in the next four years.
Thuasne had originally invested in Tynor in 2010, picking up a minority stake. It has again participated in the current round, led by Lighthouse Funds.
Lighthouse is a leading mid-market private equity firm focused on growth investments in India's consumer sector. The firm's current and past investments include Bikaji Foods, FabIndia Overseas, Cera Sanitaryware, Capital Trust, Suraksha Diagnostic, Dhanuka Agritech, Indian Herbs, Kama Ayurveda, Unibic Foods and XSEED Education.
Thuasne is a leading global medical textile and orthotic soft goods player with manufacturing units in 11 countries, including the US and Europe. It has more than 100 patents to its name and employs more than 2,000 people worldwide. Thuasne is headquartered in Paris, France.
Commenting on the current capital raise, P J Singh, founder of Tynor, said, "The current capital raise is in line with our vision 3.0, to catapult the company to the next level of growth. Thuasne has been a great supporter over the years and we are glad to see their increased confidence in us. We have known Lighthouse for five years, and are extremely excited to convert this relationship into a professional association."
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%