What we do Aakaar Medical Technologies Ltd specializes in medical aesthetics, supplying cosmetic products and devices predominantly to dermatologists and aesthetic physicians in India. |
Founded in 2,013 |
Market share Growing medical aesthetics company with rising revenues and expanding product portfolio in India. |
Problem solved Provides advanced aesthetic devices and products enabling physicians to offer innovative cosmetic treatments to end consumers. |
Top clients or who we serve B2B focus servicing dermatologists, plastic surgeons, and aesthetic physicians across India. |
Key management Dilip Ramesh Meswani (Founder & Managing Director), Dr. Rahul B. Sawakhande (CEO & Director) |
Our journey and innovations From inception in 2013, launched multiple own and imported pigment and aesthetic brands, expanded product range significantly by 2024. |
Where we operate Primarily India with imported products from Korea, Spain, Italy, and Austria. |
Top products or what we offer Own brands like Tubelite, Balback, Lytec, Etrelume, Swyada, Exoluxe; imported aesthetic devices and consumables. |
Top brands Tubelite, Balback, Lytec, Etrelume, Swyada, Exoluxe, DRS1512, Eoluxe—all key revenue drivers with growing market presence. |
Raw materials needed Cosmetic ingredients and electronic components for medical aesthetic devices sourced domestically and internationally. |
Raw materials supplier Suppliers from Korea, Spain, Italy, Austria; domestic manufacturers for own brands. |
Recurring vs cyclical contribution Primarily B2B product sales; revenue growth driven by expanding aesthetic products segment with recurring physician demand. |
Our industry position Emerging leader in India’s medical aesthetics sector with rapid revenue and profit growth over recent years. |
Financial highlights Revenue Rs 61.58 Cr (FY 24-25), Profit After Tax Rs 6.04 Cr; 33.5% revenue growth and 197% profit growth year-on-year. |
Geographical revenue split Revenue predominantly from India; distribution of imported brands involves multiple foreign countries. |
Order book - |
Whats driving growth Strong domestic demand for aesthetic solutions, product innovation, and expansion of own brand portfolio. |
Our future plans IPO planned to raise capital for working capital and general corporate purposes; expanding product pipeline. |
Our green promise - |
Our people and values Leadership with extensive industry experience fostering innovation and growth; compliance with workplace and ESG norms. |
Key challenges ahead Market competition, regulatory approvals, and dependency on import channels pose challenges. |
Interesting facts Transformed from private to public company; boasts diversified product brands launched between 2016-2024. |
Risks and strategy Mitigating import risks by strengthening own brands; maintaining regulatory compliance; pursuing B2B client relationships. |
