Galaxy Medicare

What Galaxy Medicare does

Galaxy Medicare Limited is an India-based medical device manufacturer headquartered at Mancheswar Industrial Estate in Bhubaneswar, Odisha, founded in 1992. The company manufactures and sells a focused portfolio of medical consumables including Plaster of Paris (POP) bandages for orthopedic casting, hypoallergenic surgical tape, elastic adhesive bandages, and paraffin gauze dressings for wound care. It operates a single manufacturing facility certified to ISO 9001:2015 and ISO 13485:2016 standards for medical device production.

The company serves the Indian healthcare sector on a B2B basis, supplying hospitals, clinics, and medical institutions that require surgical dressings, compression bandages, and wound care products. Its go-to-market is sales-led and direct, with marketing conducted primarily through a corporate website that includes product catalogs, an investor relations portal with SEBI-compliant disclosures (annual reports, financial results, shareholding patterns), and contact-based sales engagement.

In 2025-2026, Galaxy Medicare transitioned to public ownership via an Initial Public Offer listed on the NSE under the symbol GML. The firm employs 11-50 people, generates revenue solely from hardware sales of medical consumables, and has received an MSME Award from the Ministry of Micro, Small and Medium Enterprises. No specific pricing, customer concentration, revenue figures, or geographic data beyond India are disclosed.

Name

Galaxy Medicare

Legal name

Galaxy Medicare Limited

Website

https://galaxy.in

Company type

Public

Founded year

1992

Operating status

Ipo

Headcount range

11–50 employees

Short description

Galaxy Medicare Limited is an India-based, publicly listed (NSE: GML) manufacturer of medical consumables — POP bandages, surgical dressings, adhesive tapes, and wound care products — selling B2B to hospitals and healthcare institutions from a single ISO-certified facility in Bhubaneswar, Odisha.

Ownership category

akta.pro rank

Product category

Medical Devices

NAICS

Surgical Appliance and Supplies Manufacturing (339113)

SIC

Surgical & Medical Instruments & Apparatus (3841), Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842)

akta.pro industry

PRIMARYHLAHALAD

Wound Closure & Securement (Sutures, Staples, Tissue Adhesives, Skin Closure Strips)

Healthcare & Life Sciences/Medical Devices & Diagnostics/Wound Care, Ostomy & Continence Products

Keywords

• Medical device manufacturing
• Surgical dressings
• Wound care products
• Orthopedic bandages
• Adhesive medical tapes

Headquarters

HQ city

Bhubaneshwar

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Medical Device Sales: Revenue generated from manufacturing and selling medical devices including surgical dressings, POP bandages, adhesive tapes, compression bandages, and wound care products. The company serves the medical community and healthcare sector.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Galaxy Medicare Limited manufactures medical devices and wound care consumables at its facility in Bhubaneswar, India. Its core offerings include Plaster of Paris bandages for orthopedic casting, hypoallergenic surgical tapes for securing dressings, elastic adhesive bandages for compression and support, and paraffin gauze dressings for moist wound healing. Products are sold under ISO 9001:2015 and ISO 13485:2016 certified quality systems to hospitals, clinics, and the medical community.

Product overview

Galaxy Medicare is a medical device manufacturer offering a portfolio of surgical dressings and wound care products. The product portfolio includes Plaster of Paris Bandages for orthopedic casting, Hypoallergenic Surgical Tape for sensitive skin applications, Elastic Adhesive Bandages for compression and support, and Paraffin Gauze Dressing for moist wound healing. The company operates as a single unified product line focused on medical consumables for healthcare providers and patients.

Differentiator

Problem solved

Functional benefit

Products and services

• Plaster of Paris Bandage Plaster bandage made from plaster of paris (POP), used for casting and immobilization in orthopedic applications by hospitals, clinics, and orthopedic healthcare providers.
• Hypoallergenic Surgical Tape Surgical tape designed to minimize allergic reactions, used for securing dressings and medical devices in clinical settings where patient skin sensitivity is a concern.
• Elastic Adhesive Bandage Self-adhesive elastic bandage that provides compression and support for sprains, strains, and related orthopedic injuries in hospital and clinical settings.
• Paraffin Gauze Dressing Medicated wound dressing impregnated with paraffin for moist wound healing applications, used by healthcare providers in the treatment of chronic and acute wounds.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Johnson & Johnson MedTech: Large diversified medical device incumbent with significant wound closure, dressings, and orthopedic offerings that overlap with Galaxy's product categories.
• 3M Health Care: Diversified global medical products giant (surgical tapes, dressings, sterilization). Overlaps with Galaxy's surgical tape and wound care lines through its broader medical portfolio.

Direct peers

• Smith & Nephew: Global wound care and orthopedics medical device manufacturer. Highly comparable to Galaxy Medicare given overlapping portfolios in dressings, bandages, and orthopedic support consumables.
• Mölnlycke Health Care: Swedish leader in wound care and surgical dressings, including Mepitel and Mepore lines. Closely matches Galaxy Medicare's core surgical dressings and wound care product focus.
• ConvaTec: Specialist in advanced wound care, ostomy, and continence products. Comparable to Galaxy Medicare in the wound care dressings and skin/wound securement categories.
• BSN Medical (Essity): Manufacturer of compression bandages, casting products (including Delta-Cast / Cellacast), and wound dressings under BSN brand. Direct overlap with Galaxy's POP bandages and compression bandages.
• Hartmann Group: German medical products company with strong wound care and surgical dressings portfolio comparable to Galaxy Medicare's product categories.
• Healthium Medtech (formerly Sutures India): Indian medical device manufacturer with portfolio spanning wound care, sutures, and surgical consumables. Closest Indian public peer to Galaxy Medicare by size, geography, and product category.
• Polymed Medical Industries: Indian manufacturer of medical devices and disposables including wound care dressings and IV-related consumables. Direct comparable on geography, scale tier, and category mix.
• Lotus Surgicals: Indian manufacturer of sutures, surgical dressings, and wound closure consumables. Operates in the same India-domestic surgical consumables segment as Galaxy Medicare.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/fun-galaxy

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Galaxy Medicare