With over 50 years of experience, Rajnikant Shah, Chairman, Medtech Life has been instrumental in solidifying long term relations with many stakeholders for the sales and distribution of Medtech products. Currently the Chairman of Medtech Life, he joined the company in the year, 1974 and led it to becoming a pan India player and one of the leading home healthcare devices manufacturers in the country.
In an exclusive interview, Rajnikant Shah takes us through his company’s journey so far and the plans to strengthen its position within the medical devices sector. Read the excerpts.
What inspired you to establish Medtech Life? Key milestones achieved by the company since its foundation in 1996?
Medtech Life was started on the basic principle of giving more consumers access to high quality medical devices that were made in India. The company started over 20 years ago, with their first product being an innovative single hole needle burner which completed both operations of disposing a needle in a single hole. The first product being a resounding success gave us the confidence to venture into more products. Over the years we have developed and introduced over 40 products in the market and have become one of the largest manufacturers of medical devices in India. We are proud to know that our products have given people better access to medical care than before.
Company is known for its leadership within the nebulizers segment. Your strength areas that help you deliver strong performance in the segment?
Our strength lies in extensive product research and development. Being the largest manufacturer of Nebulizers in India and making over a million pieces a year, we always ensure that our products deliver the promise of quality. Hence our investments in research and development since day one has paid off well. Our capabilities of backward integration has also helped us be competitive in the Indian market and overseas.
What are the key product offerings of the company? How is the company focusing on product innovation to meet the changing trends including AI and ML?
We manufacture many types of medical devices for home care. Our product portfolio consists of BP Monitors, Nebulizers, Heating Pads, Thermometers, Weighing Scales, Massagers, etc. Our continuous investment in research and development has enabled us to bring better and differentiated products in the market. Our extreme focus on accuracy and safety ensures that our products are safer and more reliable. That’s the reason why our BP Monitors are also clinically validated for accuracy.
The recent trends of AI and ML are fascinating and we are exploring many possibilities of merging them with the newer products that are scheduled to launch. However, India is still a nascent market for such products and it needs access to high quality basic healthcare first.
“By introducing our nebulizers in the market, we helped consumers get better international quality at a comparatively lesser cost.”