Paramount Surgimed eyes 65% jump in sales in 2 yrs

Medical devices maker Paramount Surgimed today said it is looking for over 65% increase in sales to touch about Rs 125 crore in the next two years on the back of forays into new segments.

The company, which today launched adult diapers, said it plans to expand its business in the hygiene space and has lined up products, like sanitary napkins in next 2-3 years.

"Our aim is to achieve turnover of Rs 125 crore in the next two years. Our road map is to hit the capital market in two years time. Before that, we need to have our fundamentals correct, including a good product portfolio," Paramount Surgimed Managing Director Shaily Grover told PTI.

By the end of the current fiscal, the city-based company expects to clock around Rs 75 crore and Rs 100 crore by next financial year.

"In the next two years, we want to make ourselves big in the hygiene space. We plan to launch sanitary napkins in the next 18 months," he said.

The company currently has a plant at Bhiwadi, Rajasthan. The facility primarily manufactures adult diapers apart from surgical blades and scalpels. The firm has recently invested Rs 12 crore in the plant and has a total capacity to make 2.5 million diapers a month.

As part of marketing the product, which is priced around Rs 400 a packet, the company is also in the process of tying up with hospitals and medical institutions apart from placing its products in various pharmacies and medical shops.

At present, the company has 50 distributors across the 20 different cities in the country.