Poly Medicure ( Polymed ), India's largest listed medical devices maker, is planning to invest ₹750 crore over 2 years on expansion of manufacturing plants and acquisitions to expand product basket. The company last month raised ₹1,000 crore through qualified institutional placement (QIP) and has ₹150 crore as free cash flow to fund its growth plans. Polymed makes disposable medical items, such as IV cannula , blood bags, blood collection tubes, and infusion and transfusion sets.
About two-thirds of sales come from infusion therapy products. The company spends 2% of revenue on R&D. (You can now subscribe to our Economic Times WhatsApp channel ).
