HMD ONE OF THE TOP 5 MANUFACTURERS OF DISPOSABLE SYRINGES IN THE WORLD

Hindustan Syringes & Medical Devices (HMD) one of the Top 5 Manufacturers of Disposable Syringes in the World and the largest for Auto Disable Syringes is India‘s leading Medical Device Manufacturer with offices in USA and UK and has an annual turnover of approximately US$ 100 million. HMD is a trend setter and has pioneered innovative Medical Disposables to compete successfully with entrenched multibillion dollar MNC‘s and became market leader of I.V.Cannulas, Syringes & Needles in India. HMD has nine highly automated Plants employing over 3500 people and has a nationwide customer base of over 5000 dealers. HMD‘s primary international markets are USA, Europe and Middle East. All its ICMED Certified Products are manufactured as per ISO 13485, and in Compliance with the European CE & US FDA Regulatory requirements.

HMD founded in 2nd August, 1957 was created to serve the Medical profession with affordable, World Class Medical Devices. It was the very first Technical Collaboration between a Japanese Corporation and an Indian MSME set up to produce Glass Syringes in the year 1959 and subsequently added other Products such as Surgical Blades in 1971, Single Use Syringes in 1986, Single use Needle in 1987, Cannula manufacturing in 1989, Scalp vein Infusion Sets in 1991, I.V Cannulas in 1992 Auto Disable Syringes in 2001, Vacuum Blood Collection Tubes in 2007, Blood Collection Needles in 2008 and safety I.V Cannulas in 2014 to its Product range.

To cater to its commitment effectively of providing Safe Injections, HMD set up a facility, for manufacturing K1 Design Auto Disable Syringes, for which HMD collaborated with M/s.Star Syringe UK. Thereafter, HMD entered into collaboration with M/s.Ester Technology, Israel and launched Vaku-8 brand of Evacuated Blood Collection Tubes and Blood Collection Needles for ensuring safe blood collection in a closed system..
HMD reiterates its‘ Global Vision and long term goal of becoming 'Top 5' in each of its business segments & building a unique competitive advantage in key businesses.

HMD one of the pioneer and known for Syringes and IV canula, Whatother products you have introduced recently?

HMD few years ago signed an Agreement with Swedish Medical Technology Company, where Vigmed granted HMD the right to utilize Vigmed Patents on Safety I.V.Catheters and market these Products that prevent needle stick injury under HMD‘s Brand in select Markets.

In the recent times, Hindustan Syringes & Medical Devices (HMD) developed the most revolutionary and pioneering, India‘s First "Made in India" Dispovan Insulin Pen Needle‖ to provide affordable injection comfort for People with Diabetes in May 2018.

HMD was among the first set of Indian Manufacturers of Disposable Medical Devices to be awarded the Prestigious MDSAP Quality Assurance Certificate in August 2018.

HMD has also been awarded the prestigious '2018 Good Design Award‘ for HMD‘s Safety I V Cannula - Cathy Sip Clip earning recognition in the category of Medical Care Products at the Good Design Award 2018 hosted by the Japan Institute of Design Promotion in Japan.

Tell us about the Founder of the Company?

Mr. Narindra Nath (Founder-HMD Group)

Shri Narindra Nath founded HMD in 1957 and pioneered Indian production of Glass Syringes. He travelled to Japan to canvas the Japanese Manufacturers to collaborate with him, with travel cost borne by his friends. His passion for work helped him serve the Medical profession with affordable World-Class Medical Devices. His Vision, in-depth knowledge of management and his organizational expertise has helped the HMD Group to scale new heights every day. A true karamyogi, he left behind a legacy of Ethical Values and fair business dealings for his successors to follow.

HMD will continue pursuing excellence in user friendly intuitive innovative design and contribute towards his ongoing commitment of aiding access to affordable and Safe Healthcare for common people in India and other Developing Countries.

What is the market size of your industry and what is your stake?

The Medical Devices Market in India is over 10 billion $ (70,000 crore Rs) projected to grow to $50 billion by 2025 and the fourth largest market place for Medical Devices in Asia.

HMD has created a niche for their disposable syringe ―DISPOVAN‖ which is today the most popular brand in syringe market in India with over 60% market share (worth over Rs. 350 crores with Dispovan Needle and Disposable Insulin Syringes having over 70% Market Share) and thereby displaced renowned MNC‘s – an inspirational case study for other Indian entrepreneurs.

In I V Cannula – Kith Kath & Cathy are also well known brands with combined market share of approx. 40%.
HMD is one of the largest suppliers to UNICEF for Auto Disable Syringes for immunization and is the first Company in India to manufacture Auto Disable Syringes for Curative Segment.

HMD is regularly supplying KOJAK Auto disable Syringes 0.1ml & 0.5ml for immunization campaigns conducted by Ministry of Health (Govt..of India) & UNICEF. For Curative Sector, HMD is supplying its Auto Disable Syringes for re- use prevention to various State Governments like-Punjab, Andhra Pradesh, Bihar, Madhya Pradesh etc. apart from exporting into many Countries in Africa.

HMD is the third largest Player in the US Market for Surgical Blades and Top 5 in the World. At Faridabad, HMD has a fully backward integrated Plants making its own Components and Raw Materials spread over 3 Sites of 12 acres (approx.1 million square feet) built up at Sector 25 and 5.5 acres (200,000 sqft ) at Sector 59, Ballabgarh, Faridabad and another newly built Plant at IMT Faridabad of 5 acres with an built up area of 80,000 sqft. The total installed capacity of all the Plants is wiith a Capital investment of over $90 million USD and enhanced for a production capacity of 4 billion plus units per annum of Disposables, ensuring global economies of scale.

(Managing Director) HMD

Rajiv Nath is Managing Director of Hindustan Syringes & Medical Devices Ltd. which is having a turnover of over 600 Crores & Trustee – Safe Point India – a CSR Initiative of HMD (Hindustan Syringes & Medical Devices Ltd.). He is the President of All India Syringes & Needles Manufacturers Association. (AISNMA) and the Founder and Forum Coordinator – Association of Indian Medical Device Industry (AiMeD) with over 350 Members nationwide whereby Medical Device Manufacturers all types of technologies have been attracted Nationwide on one Platform. He has widely traveled more than 52 Countries and has attended various meetings of WHO/ UNICEF/ ICASA/SIGN.

Mr. Nath has demonstrated exceptional performances in setting up the Agenda and Roadmap for the future Healthcare by putting up an exemplary Entrepreneurial Competency and Leadership in the Healthcare industry not only by his own manufacturing Company HMD but also for the entire Medtech industry segment. As the Founder and Forum Coordinator of AiMeD, Nath has undertaken many initiatives for establishing a collaborative Framework with various Government Departments and Media to bring to their attention issues affecting the industry and drawing investments in India as part of the endeavor to make the Country among Top 5 Global Manufacturing Hub of Medical Devices – Make in India — as a preferred Manufacturing Destination and the leading Supplier of Medical Device Worldwide.

Mr. Nath has been honored for his exemplary zeal to Global Public Healthcare Sector. He was conferred upon the 'Award of Appreciation‘ by Minister of State for Health & Family Welfare Ashwini Kumar Choubey on behalf of the International NRI Community.