Advin Health Care Annual Highlights 2023–24: Expanding Globally, Innovating Continuously

FY 2023–24 has been a landmark year for Advin Health Care. Guided by our mission to deliver world-class medical devices that empower healthcare professionals globally, we have continued to strengthen our international presence and drive sustainable growth. Despite global supply chain challenges and evolving healthcare demands, Advin achieved remarkable progress through strategic expansion, quality excellence, and strong customer trust.

Our revenue reached ₹25 crore (≈ $3 million USD), marking a significant step in our long-term vision of becoming one of the most trusted and globally recognized medical technology partners. This year’s growth is a testament to the dedication of our teams, our robust distributor network, and our continued investment in clinical innovation.

As we close this financial year, we reaffirm our commitment to advancing healthcare access through technology, precision, and compassion.

About Advin Health Care

Advin Health Care is a leading manufacturer and exporter of high-quality medical equipment across multiple specialties — Urology, Laparoscopy, Gynecology, Nephrology, Cardiology, and Gastrology. With an international presence spanning over 60+ countries, Advin continues to deliver trusted solutions that meet the most rigorous clinical standards.

Our integrated manufacturing infrastructure, research-driven development, and dedication to international quality compliance (ISO, CE, and GMP certifications) reinforce our position as a preferred global healthcare partner.

Financial Performance

During FY 2023–24, Advin Health Care reported revenue of ₹25 crore (≈ $3 million USD), reflecting consistent demand across all product categories. The company’s strong export performance and disciplined cost management supported steady margins despite global economic fluctuations.

Key Financial Highlights:

• Revenue Growth: 12% year-over-year

• Export Share: 68% of total revenue

• R&D Investment: 6% of annual turnover

• Employee Strength: Over 200 professionals across divisions

These results underline our ability to sustain growth while investing in innovation and operational excellence.

Global Expansion & Strategic Achievements

FY 2023–24 marked a period of strong geographic expansion and market consolidation for Advin Health Care. We strengthened our footprint in Africa, Southeast Asia, and Latin America, while deepening our reach across Europe and the Middle East through strategic distribution partnerships.

Key Milestones:

• Entered 8 new international markets.

• Established regional distribution hubs for faster customer support.

• Expanded regulatory registrations for 40+ products across multiple regions.

• Increased participation in international medical exhibitions and trade fairs.

This expansion has significantly enhanced our brand visibility and positioned Advin as a dependable global player in the medical devices sector.

Research, Innovation & Product Development

Advin Health Care continues to emphasize innovation as the foundation of progress. In FY 2023–24, our R&D team launched several new devices focused on minimally invasive surgery, dialysis care, and endoscopy solutions.

Our development philosophy centers on safety, precision, and affordability — ensuring that every product improves patient outcomes and clinical efficiency. By adopting advanced manufacturing technology and precision engineering, we continue to set new benchmarks in product reliability and performance.

Sustainability & Corporate Social Responsibility

Advin Health Care remains committed to responsible manufacturing and environmental stewardship. Through continuous improvements in energy efficiency, waste reduction, and recycling initiatives, we strive to minimize our environmental footprint.

Our CSR programs focus on rural healthcare awareness, medical education initiatives, and donation of essential medical equipment to under-resourced hospitals.

We believe that healthcare progress is meaningful only when it contributes to community well-being and global sustainability.

Future Outlook

Looking ahead, Advin Health Care will continue expanding its global operations, strengthening R&D capabilities, and investing in advanced production technologies. The company aims to achieve sustained double-digit growth and expand into new product categories with higher clinical value.

Our focus for the coming years is to:

• Enhance our innovation pipeline in minimally invasive medical solutions.

• Build deeper collaborations with global healthcare institutions.

• Strengthen digital transformation and operational excellence.

Advin Health Care’s journey from a growing enterprise to a global medical brand reflects our unshakable belief — that innovation and integrity can transform lives.