Latest news with #Vapi
Economic Times
2 days ago
- Business
- Economic Times
ADIA signs a definitive agreement to invest $200 million in medical devices firm Meril
Abu Dhabi Investment Authority (ADIA) has signed a definitive agreement to invest $200 million (about Rs1,725 crore) for a 3% stake in medical devices maker Micro Life Sciences Pvt Ltd (Meril). The investment by a wholly-owned subsidiary of ADIA pegged Meril's enterprise valuation at $6.6 billion, the Vapi, Gujarat-based company said in a statement. Post the investment, Meril will be backed by two major global investors ADIA, and US private equity firm Warburg Pincus. The deal is subject to Competition Commission of India (CCI) approval. 'This investment by ADIA reinforces confidence in Meril's long-term vision and global ambitions,' said Sanjeev Bhatt, senior vice president-strategy at Meril. 'This investment will enable us to accelerate growth, attract world-class talent, and further strengthen clinical research efforts as we work towards improving the quality of human life through advanced healthcare solutions.' Meril was founded in 2006 by the Bilakhia Group after divesting their agrochemical business to Bayer, and the Micro lnks business to Hubergroup—both from Germany. In 2022, the promoters tapped Warburg Pincus to raise Rs 1,575 crore by selling a 14% stake in Meril, and Rohit Kothari's Anchorage Capital for Rs 200 crore by divesting a 2% stake at a valuation of about Rs 11,000 crore. In the three years since, Meril closed fundraisings for another 3% shareholdings while its valuation surged more than fivefold to nearly Rs 60,000 crore. The Bilakhia family currently has more than 81% stake in the company, with Warburg, ADIA, and Kothari being other principal shareholders together holding nearly 19%.Meril is regarded as an innovator in medical technology (MedTech), with a focus on clinically-advanced solutions across multiple specialties such as cardiovascular, structural heart, orthopaedics, endo-surgery, in-vitro diagnostics and surgical robotics. Some of the innovations include transcatheter heart valve series, transcatheter edge-to-edge repair system, and surgical robotic system. The company is growing between 30-35% compounded annually, with FY25 revenue at Rs 4,800 crore and margins of 27-28%. Exports contributed about 55% of expect the company to double revenue within less than three years. Meril employs more than 13,000 employees and has over 35 global subsidiaries. Its Vapi facility spans over 100 acres with over 1 million sq ft manufacturing space.
Time of India
2 days ago
- Business
- Time of India
ADIA signs a definitive agreement to invest $200 million in medical devices firm Meril
Abu Dhabi Investment Authority (ADIA) is set to invest $200 million for a 3% stake in medical device maker Meril, valuing the company at $6.6 billion. This investment, pending CCI approval, will support Meril's growth and research efforts. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Abu Dhabi Investment Authority (ADIA) has signed a definitive agreement to invest $200 million (about Rs1,725 crore) for a 3% stake in medical devices maker Micro Life Sciences Pvt Ltd ( Meril ).The investment by a wholly-owned subsidiary of ADIA pegged Meril's enterprise valuation at $6.6 billion, the Vapi, Gujarat-based company said in a the investment, Meril will be backed by two major global investors ADIA, and US private equity firm Warburg Pincus . The deal is subject to Competition Commission of India (CCI) approval.'This investment by ADIA reinforces confidence in Meril's long-term vision and global ambitions,' said Sanjeev Bhatt, senior vice president-strategy at Meril. 'This investment will enable us to accelerate growth, attract world-class talent, and further strengthen clinical research efforts as we work towards improving the quality of human life through advanced healthcare solutions .'Meril was founded in 2006 by the Bilakhia Group after divesting their agrochemical business to Bayer, and the Micro lnks business to Hubergroup—both from 2022, the promoters tapped Warburg Pincus to raise Rs 1,575 crore by selling a 14% stake in Meril, and Rohit Kothari's Anchorage Capital for Rs 200 crore by divesting a 2% stake at a valuation of about Rs 11,000 crore. In the three years since, Meril closed fundraisings for another 3% shareholdings while its valuation surged more than fivefold to nearly Rs 60,000 Bilakhia family currently has more than 81% stake in the company, with Warburg, ADIA, and Kothari being other principal shareholders together holding nearly 19%.Meril is regarded as an innovator in medical technology (MedTech), with a focus on clinically-advanced solutions across multiple specialties such as cardiovascular, structural heart, orthopaedics, endo-surgery, in-vitro diagnostics and surgical robotics. Some of the innovations include transcatheter heart valve series, transcatheter edge-to-edge repair system, and surgical robotic company is growing between 30-35% compounded annually, with FY25 revenue at Rs 4,800 crore and margins of 27-28%. Exports contributed about 55% of expect the company to double revenue within less than three employs more than 13,000 employees and has over 35 global subsidiaries. Its Vapi facility spans over 100 acres with over 1 million sq ft manufacturing space.
Hans India
2 days ago
- Business
- Hans India
ADIA to Invest USD 200 Million in Meril
Vapi -- A wholly owned subsidiary of the Abu Dhabi Investment Authority ('ADIA') has entered into definitive agreements to invest USD 200 million for ~3% stake in Micro Life Sciences Private Limited ('Meril'), one of India's leading medical devices companies. This investment values Meril at an enterprise value of USD 6.6 billion. The transaction is subject to regulatory approval by the Competition Commission of India (CCI). Post this investment, Meril will be backed by two globally recognized investors, ADIA and Warburg Pincus. Founded by the Bilakhia Group, Meril is a global innovator in medical technology (MedTech), with a strong focus on clinically advanced solutions across multiple specialties — including Cardiovascular, Structural Heart, Orthopaedics, Endo-surgery, In-vitro Diagnostics and Surgical Robotics. Headquartered in Vapi, India, Meril operates state-of-the-art, vertically integrated, and globally certified manufacturing and R&D facilities, across a 100-acre sustainable MedTech campus. The company employs more than 13,000 people, has 35+ global subsidiaries, and serves healthcare systems in 150+ countries. Meril is committed to becoming the world's leading MedTech company, powered 100% by green energy, reinforcing its commitment to sustainable innovation. With a robust in-house global R&D ecosystem and a portfolio of 200+ technology platforms, Meril continues to lead in global clinical research and education. Breakthrough innovations such as the Myval Transcatheter Heart Valve (THV) series, MyClip Transcatheter Edge-to-Edge Repair (TEER) system, and the MISSO Surgical Robotic System highlight Meril's dedication to next-generation innovation. Through its 12+ global training academies, Meril empowers over 10,000 healthcare professionals annually. Sanjeev Bhatt, Senior Vice President – Strategy, Meril said: 'This investment by ADIA reinforces confidence in Meril's long term vision and global ambitions. This investment will enable us to accelerate growth, attract world-class talent, and further strengthen our RCD and clinical research efforts as we work towards improving the quality of human life through advanced healthcare solutions.'
Yahoo
04-07-2025
- Business
- Yahoo
WhatsApp Business Just Got Smarter -- Voice Calls and AI Recommendations Are Here
Meta (META, Financials) is quietly turning WhatsApp into a full-blown business engine; this week, the company rolled out voice call support for large businesses using WhatsApp Business and signaled deeper integration of AI features, including product recommendations and smart customer support. Warning! GuruFocus has detected 6 Warning Sign with META. The update marks a shift. Small businesses could already use WhatsApp to call customers; but until now, larger companies were left out. With this new API rollout, businesses can now place and receive calls and layer in AI-powered voice agents via startups like Vapi, ElevenLabs, Coval, and Phonic. That means customer service can happen around the clock; no live agent required. And that's just the beginning. Meta is also expanding its AI-based chat support tools, which were being tested with select merchants in Mexico. More companies will now be able to automate conversations; send follow-ups; and even handle outreach all within WhatsApp. One of the most promising updates? AI-powered product suggestions. After a user chats with a merchant, Meta's AI can now recommend relevant items and follow up on those conversations in real time essentially turning WhatsApp into a smart shopping assistant. Right now, these AI features are free; but that may not last forever. Meta already earns revenue from click-to-WhatsApp ads and business messaging tools; and monetizing voice AI or product recommendation bots seems like a natural next step especially as usage scales. The company says WhatsApp Business now serves over 200 million users monthly. As these tools roll out, Meta is clearly laying the groundwork for a platform that helps businesses engage, transact, and scale without ever needing a separate call center or CRM. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-07-2025
- Business
- Yahoo
WhatsApp Business Just Got Smarter -- Voice Calls and AI Recommendations Are Here
Meta (META, Financials) is quietly turning WhatsApp into a full-blown business engine; this week, the company rolled out voice call support for large businesses using WhatsApp Business and signaled deeper integration of AI features, including product recommendations and smart customer support. Warning! GuruFocus has detected 6 Warning Sign with META. The update marks a shift. Small businesses could already use WhatsApp to call customers; but until now, larger companies were left out. With this new API rollout, businesses can now place and receive calls and layer in AI-powered voice agents via startups like Vapi, ElevenLabs, Coval, and Phonic. That means customer service can happen around the clock; no live agent required. And that's just the beginning. Meta is also expanding its AI-based chat support tools, which were being tested with select merchants in Mexico. More companies will now be able to automate conversations; send follow-ups; and even handle outreach all within WhatsApp. One of the most promising updates? AI-powered product suggestions. After a user chats with a merchant, Meta's AI can now recommend relevant items and follow up on those conversations in real time essentially turning WhatsApp into a smart shopping assistant. Right now, these AI features are free; but that may not last forever. Meta already earns revenue from click-to-WhatsApp ads and business messaging tools; and monetizing voice AI or product recommendation bots seems like a natural next step especially as usage scales. The company says WhatsApp Business now serves over 200 million users monthly. As these tools roll out, Meta is clearly laying the groundwork for a platform that helps businesses engage, transact, and scale without ever needing a separate call center or CRM. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
