November - 2015 - issue > Company of the Year-2015: Healthcare

CURA Healthcare: Inspiring Care, Saving Lives

si Team
Tuesday, November 24, 2015
si Team
Sharmili from Hardoi in UP or Dhanalakshmi from Arupukottai in Tamil Nadu in the 90s, aspire for food, health, & security just as millions still do today, but as the economy continuous to register robust growth, Sharmili, Dhanalakshmi and many others are struck by the stark contrast of having good security and food, but have little-to-no access to quality healthcare.

Over 800 million people live in Indian villages and mostly are devoid of access to quality healthcare. 31 percent of the population travels more than 30 kms to seek healthcare in rural India. As per World Health Organization (WHO), just 33 percent of Indian health care expenditures in 2012 came from government sources. Of the remaining private spending, around 86 percent was out of pocket.

The medical equipments and devices sector is an important piece of India's healthcare pie. It is one of the fastest-growing sectors in the country, but highly import dependent. Nurturing indigenous medical technology manufacturing is the only viable option to reduce cost.
With a mission of addressing challenge of making healthcare affordable over a life cycle, CURA Healthcare was incorporated in 2001 in Chennai. CURA Healthcare has grown on the value chain to become manufacturer of customized medical equipments in imaging and critical care space and has become a prominent player in Indian Medical equipment industry.
Powered by team of highly experienced professionals who have been in Healthcare for over two decades in leading MNCs, CURA has flagged off through patented technologies, cutting-edge manufacturing techniques and integrating companies to its portfolio to be a significant Indian Medical equipment company with pan India reach in 21 locations across India.

The first funding of around $9 million in 2012 by Pepul Capital was done with basic objective of scaling up manufacturing Digital Radiography, critical care equipments and also to grow pre-owned equipment business. In its 50,000 sq.ft. state-of-the-art manufacturing facility in Chennai, it manufactures patented Digital Radiography systems and Critical care devices. The facility is ISO 13485 certified for Quality management systems and the products are CE certified. Being in export processing zone enables CURA to export these Make in India products to emerging/developing markets.

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