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BPL Medical announces Rs 110 crore investment from Goldman Sachs

MUMBAI: Medical device company BPL Medical Technologies has secured an equity commitment of Rs 110 crore (approximately $ 20 million) from Goldman Sachs, a leading global investment bank, a company statement said today. 

The investment will be used to further expand the company's medical device business and is subject to customary approvals, the statement said here. 

BPL Med's products include electrocardiographs, patient monitors, defibrillators, central nursing stations, stress test systems, oxygenerators, ultrasound scanners, colposcopes, foetal monitors, foetal dopplers and X-rays. 

"This landmark investment reinforces our vision to build on the BPL brand and well established sales and service network to create India's leading, indigenous medical device company," said BPL Medical Chairman and Managing Director 
Ajit Nambiar.