Skanray Technologies

About Skanray Technologies

Skanray Technologies, an Indian medical technology company established in 2007, operates in the design, manufacture, and distribution of diagnostic imaging and critical care equipment. The company was founded in Mysore by a team of five experienced engineers, including Vishwaprasad Alva and Kasi Viswanathan Agilandam, who previously worked at GE Healthcare and Kirloskar Electric. Alva, who serves as Chairman & Managing Director, holds a Master's in Industrial Electronics and leveraged his extensive experience in the MedTech field to launch the company, initially facing challenges in securing land and funding before successfully starting operations.

Skanray's business model is vertically integrated, encompassing in-house research and development, manufacturing, sales, and after-sales service. The company generates revenue through direct sales of its branded products and via Original Equipment Manufacturer (OEM) partnerships with other major medical device companies. Its client base includes hospitals and clinics, with products distributed to over 80 countries. The company has pursued a strategy of both organic growth and strategic acquisitions, including the medical equipment division of Larsen & Toubro in 2012, CEI in Italy in 2014, and Cardia International in the Netherlands. These moves expanded its global footprint and technological capabilities. As of March 2024, Skanray reported an annual revenue of ₹274 crore.

The product portfolio is extensive, featuring over 50 devices that hold US FDA and CE certifications. Key product categories include diagnostic X-ray systems (fixed, mobile, and dental), surgical C-arms, patient monitoring systems, defibrillators, critical care ventilators, anesthesia workstations, and ECG machines. The company also produces veterinary care equipment. A notable achievement was the delivery of over 30,000 ICU ventilators in three months during the COVID-19 pandemic in collaboration with Indian governmental organizations. Skanray holds over 80 patents and operates R&D centers in India and Europe, with manufacturing facilities in India and Italy that are ISO certified and FDA registered.