Bangalore, XXth December 2025: Healthium Medtech, a global medtech company with a growing portfolio across surgical, post-surgical, advanced wound care, arthroscopy and infection prevention, announced that it has agreed to acquire a controlling stake in Paramount Surgimed Ltd., one of India’s largest manufacturers and exporters of surgical blades, scalpels and dermal biopsy products. The non-surgical business of Paramount, including its lifestyle and hygiene business will be carved out prior to the transaction and retained with the Grover family.
With this move, Healthium will expand its specialised presence in the surgical consumables segment, where Paramount’s blades and dermal biopsy categories represent a logical extension of its existing business line. This alignment creates a two-way synergy, allowing Healthium to broaden the range of solutions it offers while enabling both organisations to serve their respective customer bases with a more comprehensive product line. Paramount’s scaled manufacturing platform, coupled with its high-quality portfolio, offers a unique value proposition to customers globally. When combined with Healthium’s scale and market reach, this acquisition is expected to unlock opportunities for accelerated commercial expansion, shared R&D and development of differentiated, high-quality innovations.
Paramount brings over three decades of specialised manufacturing expertise and has a global footprint built largely through exports, which account for more than 95% of its revenue. The company serves more than 300 OEM and branded customers across 100+ countries, supported by a complete suite of international product registrations, including EU MDR & USFDA. Paramount manufactures over 250 million devices annually making it one of the largest players in its space.
Anish Bafna, CEO & MD of Healthium Medtech, emphasised that the acquisition enhances Healthium’s global surgical consumables business and complements its strategy of delivering high-precision technology to healthcare professionals worldwide. “Paramount has earned the trust of clinicians across markets through consistent performance, rigorous execution and strong manufacturing excellence. As Paramount joins the Healthium family, our focus will be on ensuring a smooth integration that preserves what customers value, while also boosting service and supply reliability. We see this as an opportunity to align our collective strengths toward a more competitive global position in surgical consumables,” he said.
Shaily Grover, Managing Director of Paramount Surgimed Ltd., expressed confidence in the partnership and its future trajectory. “We are delighted to partner with Healthium, a leading player in the medtech space, for our surgical disposables business. Their operational expertise and established global reach makes them an ideal partner for our next phase of growth. Paramount has always stood for precision, quality and trust and we are confident the brand will grow significantly with Healthium. As we join forces, we will use the broader resources of a larger platform and an expanded portfolio to improve reliability and expand access across the markets we serve,” he said.
Daksh Grover, Director of Paramount Surgimed Ltd., envisions this partnership to be highly synergistic. As the company enters this new partnership, he remains committed to leading Paramount and delivering sustained high growth, ensuring continuity for customers while unlocking new opportunities across global markets. “This partnership paves the way for an unprecedented scale of impact. With our combined product portfolio and global capabilities, we believe we are well positioned to redefine the global surgical consumables landscape and move with a speed and scale never seen before,” he said.
This acquisition underscores Healthium’s commitment to strengthening India’s medtech manufacturing ecosystem, expanding access to globally benchmarked products and driving innovation-led growth across the surgical care continuum.
About Healthium Medtech Limited:
Healthium Medtech Limited is a global medtech company focused on products in surgical, post-surgical, advanced wound care, arthroscopy and infection prevention segments. 1 in 5 surgeries conducted globally uses a Healthium product. It is the largest independent Indian medical device company and the largest non-captive manufacturer of surgical needles globally. With a vision to provide access to precision medtech for every patient globally, the company has built the nation’s largest sales force with an extensive market access in India, covering over 40,000 surgeons across 18,000 hospitals.
The company’s diverse portfolio includes 52,000 SKUs across advanced surgery, arthroscopy, wound care and infection prevention products. With a strong focus on R&D, the company has 6 high precision, integrated and scaled manufacturing facilities with global certifications and approvals like US FDA, CDSCO, TGA, ISO, cGMP, MDSAP and CE under the stringent new EUDMR norms. Healthium also has significant global presence with exports to over 90+ countries, including the USA, France, Germany and Brazil. In the last 4 years, the company has launched 35+ new products including a patented portfolio of arthroscopy products.
About Paramount Surgimed Ltd:
Paramount Surgimed Ltd is India’s largest manufacturer and exporter of precision surgical blades, safety scalpels and biopsy devices. The company has built a strong global presence with more than 95% of its revenue coming from exports and commercial sales across 100+ countries. Its portfolio carries a complete suite of international product registrations, including EU MDR, enabling it to serve more than 300 OEM and branded customers worldwide. The company also operates in the hygiene segment manufacturing adult diapers, underpads, wipes and masks and operates its health lifestyle business with retail outlets all over India under the name of ‘Osim’. Both these businesses will be carved out prior to the transaction with Healthium and retained by the Grover family.
Paramount operates a 10,000 sq. mt. state of the art manufacturing facility in Bhiwadi, Rajasthan, equipped with a 7,200 sq. ft. clean room and accredited with ISO 13485:2016, EUMDR, US FDA Device Listing, KGMP and ISO 7740 fitment standards. With a workforce of approximately 600 employees, the company maintains stringent quality and sterility controls, including Gamma irradiation for all products.
Paramount has expanded its product suite from surgical blades to a broad range of precision-engineered biopsy and ophthalmology devices. Its focus on manufacturing excellence, regulatory compliance and consistent performance has positioned the company as a trusted global supplier of high-quality medical instruments used by healthcare professionals around the world.
