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Transasia Bio-Medicals mulls IPO in 2-3 years

Press Trust of India  |  Kolkata 

In-vitro Diagnostic company is mulling an initial public offering (IPO) in the next 2-3 years to enter the USD 70 billion global diagnostic medical equipment market, a company official said.

"We would need funds for aggressive global expansion. We are planning an IPO in in the next 2-3 years. By then, we hope to roll out the full range of products in the diagnostic space including those that are in development or trial stage now," Transasia Bio-Medicals told

The company, in the last decade, has pumped in Rs 1,000 crore for acquiring 18 companies in over a dozen countries like the US, and European countries including UK, France, Germany, and

Vazirani said the company is a in the diagnostic equipment market in which is valued at USD 1 billion.

"The global market size is USD 70 billion. Our growth potential is also now poised more in the international market," he said.

He said that in the current fiscal, Transasia will earn a revenue of around Rs 1,300 crore, of which domestic revenue will account for Rs 850 crore.

"We are expecting to introduce high-end TB test solution at a fraction of cost that prevails now. Trials are already in progress," Vazirani said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, March 17 2019. 17:40 IST