Recorders and Medicare

What Recorders and Medicare does

Recorders & Medicare Systems Pvt. Ltd. (RMS) is a Panchkula, Haryana-headquartered medical diagnostic equipment manufacturer founded in 1975, operating as a privately held Indian company with 501-1,000 employees. The company designs, manufactures, and services a comprehensive portfolio spanning neurology (EEG, EMG, PSG, TCD), cardiology (ECG, TMT, Holter, defibrillators), patient monitoring, radiology (X-ray and C-arm systems), pulmonology, clinical diagnostics, audiology, physiology/polygraphs, psychiatry (ECT, biofeedback), and a Hospital Management System. Its core technology base rests on 50 years of electrophysiology expertise, an R&D facility recognized by the Government of India since 1978, and over 150 man-years of cumulative engineering experience supported by 10-15% annual turnover reinvestment. Key proprietary assets include the Polyrite digital polygraph (1,200+ installations), the Ulterius 501 Tele ECG system with wireless GPRS transmission, the Corus 9 FPD flat-panel C-arm, and the modular Phoebus patient monitor line.

RMS generates revenue through three streams: one-time capital equipment sales (hardware) to hospitals, clinics, and diagnostic centers; recurring service and support contracts delivered through 17 regional offices and 150+ Sales & Service engineers; and consumables/accessories (EEG electrodes, ECG paper, SpO2 probes, NIBP cuffs). Distribution is primarily direct field sales to enterprise and government customers in India, supplemented by dealer and strategic partner networks in SAARC, East Africa, the Middle East, and Europe. Pricing is quote-based, with stated positioning around affordability for the cost-sensitive Indian market, and the company holds ISO 9001:2015, EN ISO 13485:2016, ISO/IEC 27001:2013, and CE certifications. Marquee customers include AIIMS, Apollo Hospitals, Fortis Healthcare, Manipal Hospital, PGI Chandigarh, and KEM Hospital.

Name

Recorders and Medicare

Legal name

Recorders & Medicare Systems Pvt. Ltd.

Website

https://rmsindia.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Medical Diagnostic Equipment

NAICS

Surgical and Medical Instrument Manufacturing (339112), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Analytical Laboratory Instrument Manufacturing (334516)

SIC

Surgical & Medical Instruments & Apparatus (3841), Laboratory Analytical Instruments (3826)

akta.pro primary industry

Personal Medical Devices & Home Diagnostics (Thermometers, Blood Pressure Monitors, Glucose Meters, Rapid Tests) (CRADAMAK)

akta.pro secondary industry

Pulmonology & Sleep Medicine Telemedicine Platforms (HLALAGAF)

Keywords

• Medical diagnostic equipment
• Electrophysiology devices
• Patient monitoring systems
• Radiology imaging equipment
• Clinical diagnostics instruments

Headquarters

HQ city

Raipur

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Medical Equipment Sales: Manufacturing and selling medical diagnostic equipment including EEG, ECG, EMG, PSG, TCD, patient monitors, X-ray machines, C-arm, biochemistry analyzers, audiometers, spirometers, polygraphs, ECT machines, and defibrillators. Products sold as one-time capital purchases to hospitals, clinics, and diagnostic centers.
2. Service and Support: Comprehensive customer support and service including preventative maintenance, customized support, remote and online support, on-site application training through 17 regional offices across India.
3. Accessories and Consumables: Sale of配套 accessories and consumables including EEG disc electrodes, conductive electrode paste, needle electrodes, ECG paper rolls, SPO2 probes, NIBP cuffs, and other medical equipment accessories.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels5 records

Core offering

Recorders & Medicare Systems (RMS) manufactures and sells a comprehensive range of medical diagnostic and therapeutic equipment spanning neurology (EEG, EMG, PSG, TCD), cardiology (ECG, stress test, holter, defibrillator), patient monitoring, radiology (X-ray, C-arm), pulmonology (spirometer, CPAP), clinical diagnostics (biochemistry and hematology analyzers), audiology (audiometer, BERA, ENG), physiology (polygraph, physiograph), and psychiatry (ECT, biofeedback). The company also offers a Hospital Management System and a wide range of accessories and consumables, supported by 17 regional offices and 150+ sales and service engineers across India.

Product overview

Recorders & Medicare Systems (RMS) is a comprehensive medical equipment manufacturer offering a diversified portfolio of diagnostic and therapeutic medical devices across neurology, cardiology, patient monitoring, radiology, pulmonology, clinical diagnostics, audiology, physiology, and psychiatry disciplines. The product portfolio includes EEG machines (Maximus, Brain View Plus, Super Spec), EMG systems (Aleron, Salus), polysomnography equipment (Quest series), transcranial Doppler (Spectra 102), ECG machines (Vesta series, Ulterius Tele ECG), stress test systems (Vega series), holter monitors (Cordis), defibrillators (Soter), patient monitors (Phoebus series), X-ray machines (MDX and HFX series), C-arm systems (Corus series), spirometers (Helios series), biochemistry analyzers (Analytica series), hematology analyzers (Hestia), audiometers (Hermes, Medulla, Gladius), polygraphs (Polyrite series), ECT machines, biofeedback systems (Relax), and a Hospital Management System. The company also provides extensive accessories and consumables. RMS serves healthcare facilities across India and international markets through a network of 17 regional offices with over 150 sales and service engineers.

Differentiator

Problem solved

Functional benefit

Products and services

• Maximus 24/32 EEG Machine Portable EEG machine with 24/32 channel simultaneous acquisition of raw data, USB powered with plug and play facility, LED based photic stimulator, and optional EEG synchronous video recording. Designed for neurology departments and diagnostic centers.
• Brain View Plus EEG Machine 24 channel EEG machine with simultaneous data acquisition and analysis, unlimited online and offline montage reformatting, brain mapping with advanced features, and event marking with review and printing options. For neurology departments.
• Super Spec 32 EEG Machine 32 channel EEG machine with user programmable acquisition and photic sequences protocols, online true AC impedance check, and automatic paging facility for quick review and analysis. For advanced neurology diagnostics.
• Aleron 201/401 EMG Machine 2/4 channel EMG machine for neurophysiological applications including needle EMG, NCV, F Wave, H Reflex and evoked potentials, with user customized preset test libraries. For neurology and neurophysiology departments.
• Salus 2C/4C EMG Machine Portable 2/4 channel EMG machine with battery operation, on-screen impedance check, in-built speaker for EMG test, suitable for bedside recording. For portable neurophysiology diagnostics.
• Quest 101 PSG System 10 channel ambulatory PSG with 36 hours recording without compression, LED indication for data storage, and automatic apnea detection. For sleep study centers and pulmonology departments.
• Quest 201 PSG System 16 channel ambulatory PSG with unlimited continuous recording, event marking, user configurable montages, and auto report generation. For advanced sleep study diagnostics.
• Quest 24/32 PSG System 24/32 channel polysomnograph with up to 24/32 channels of acquisition, raw data storage, adjustable channel width, and optional video recording. For sleep laboratories and neurology departments.
• Spectra 102 Transcranial Doppler Portable transcranial Doppler with multi-depth M mode, continuous recording, emboli detection, audio and spectra storage with playback, and auto reporting. For neurology and stroke diagnostics.
• Vesta 305i ECG Machine 3 channel ECG machine with 12 leads simultaneous acquisition, 5.6 inch color TFT display, digital filters, and 16 types arrhythmia detection. For cardiology departments and clinics.
• Vesta 301i ECG Machine 3 channel ECG machine with graphical colored TFT display, measurements and interpretation, full alphanumeric keypad, and 50 patients memory storage. For cardiology diagnostics.
• Vesta 12C ECG Machine 12 channel ECG machine with high resolution 10.1 inch color TFT touch screen, on screen display of 12 channel ECG with interpretation, and in-built thermal printer. For advanced cardiology diagnostics.
• Vesta 12EC ECG Machine 12 channel ECG machine with high resolution 8 inch color TFT touch screen, lead-off and printer paper out indication. For cardiology departments.
• Ulterius 501 Tele ECG System Tele ECG system with online global access, facility to send and receive ECG from numerous locations, bi-directional transmission, wireless patient data transmission with GPRS, and SMS notification facility. Compatible with Android, iOS, Windows, BlackBerry. For remote cardiac diagnostics.
• Vega 201 Stress Test System 12 lead stress test system combining resting and exercise ECG, simultaneous acquisition and display of 12 lead raw ECG, standard and user programmable treadmill protocols, and risk predicting Duke Treadmill score. For cardiac stress testing.
• Vega 204 Stress Test System 12 lead stress test system equipped with high torque AC motor, digitally controlled drive system, and smooth noise free elevation with emergency stop and alarm. For cardiac stress testing.
• Vega 301 Stress Test System 12 lead stress test system with Bluetooth enabled wireless ECG transmission module and rechargeable battery with 10 hours battery backup. For portable cardiac stress testing.
• Cordis 3 Holter Monitor 3 channel ambulatory ECG holter monitor with 24 hours recording on SDHC cards, pacemaker detection, full disclosure display, ST analysis, and QTc analysis. For ambulatory cardiac monitoring.
• Cordis 12 Holter ECG System 12 channel holter ECG system with 48 hours continuous recording, simultaneous acquisition of all 12 leads ECG data, flexible atrial fibrillation analysis, and heart rate turbulence analysis. For advanced ambulatory cardiac monitoring.
• Soter 201 Defibrillator Biphasic defibrillator with AED capability, energy selection up to 360 Joules, ECG monitoring facility, 7 inch high resolution color TFT, and in-built thermal printer. For emergency cardiac care.
• Soter 301 Defibrillator Biphasic defibrillator with integrated vital signs monitoring including ECG, SpO2, EtCO2, IBP, NIBP and Temperature, 8.4 inch high resolution color TFT. For advanced emergency and ICU use.
• Phoebus P529 Patient Monitor Vital sign modular monitor with ECG, NIBP, SPO2, RESP, IBP, ETCO2 and TEMP parameters, large 15 inch color touch screen TFT display, and modular design with 4 slots. For ICUs and high-acuity care.
• Phoebus P515 Patient Monitor Vital sign monitor with ECG, NIBP, SpO2, Respiration and Temperature, 12.1 inch high resolution TFT color display, arrhythmia detection, and oxyCRG for neonates. For general ward and ICU patient monitoring.
• Phoebus P121 Pulse Oximeter Single parameter patient monitor - pulse oximeter with up to 24 hours of tabular and graphical patient data trends, built-in rechargeable battery supporting up to 3 hours. For portable spot-check monitoring.
• Phoebus P122 Finger Pulse Oximeter Finger pulse oximeter for measuring pulse oxygen saturation and pulse rate with display of SpO2 value, pulse rate value, bar graph and pulse waveform. For portable patient monitoring.
• Phoebus P123 Capnograph Monitor Single parameter patient monitor measuring respiration rate, ETCO2 and ICO2 with built-in rechargeable battery supporting up to 4 hours. For respiratory monitoring.
• Phoebus P311 Multi-Parameter Patient Monitor 3 parameter patient monitor with ECG, NIBP and SPO2, audio tones for all vital parameters, ECG lead off indication, and high/low limit alarm. For basic patient monitoring in wards and clinics.
• MDX-100 Mobile X-ray Machine 100 mA, 100 KVP mobile X-ray machine for radiography with electronic timer, electronic overload protection device, and stationary anode X-ray tube. For portable radiographic imaging.
• MDX-100 DX Mobile X-ray Machine 100 mA mobile X-ray machine with anatomical programs, microcontroller based design, graphical color TFT display, and 120 anatomical programmes. For portable radiography.
• MDX-100/FS Fixed X-ray Machine 100 mA, 100 KVP fixed X-ray machine for radiography and fluoroscopy with 8 KW X-ray generator, floor to ceiling tube stand, and multiple table options. For fixed radiographic installations.
• MDX-300 X-ray Machine 300 mA, 125 KVP X-ray machine for radiography and fluoroscopy with 24 KW X-ray generator and motor driven table. For mid-volume radiographic facilities.
• MDX-500 X-ray Machine 500 mA, 125 KVP X-ray machine with 40 KW X-ray generator for radiography or radiography and fluoroscopy applications. For high-volume radiology departments.
• HFX 5 High Frequency Mobile X-ray 5 kW mobile high frequency X-ray with color graphical TFT display with APR, digital control panel, and compact lightweight design. For portable high-frequency radiography.
• HFX 3.5P High Frequency Mobile X-ray 3.5 kW mobile high frequency X-ray with color graphical TFT display with APR. For portable high-frequency radiography.
• HFX 40 High Frequency Fixed X-ray High frequency 40 kW fixed X-ray with rotating anode tube, dual focal spot, and premium quality power generator. For fixed high-frequency radiographic installations.
• Corus 9 FPD C-arm System Mobile high frequency flat panel digital C-arm with 236.5 x 236.5 mm flat panel detector, 16 bit high dynamic range, 200 frames per run/cine loop, and PC based image memory with unlimited storage. For surgical imaging and image-guided procedures.
• Corus 9 HD 1K x 1K C-arm System Mobile high frequency 1K x 1K HD imaging chain C-arm with superior image quality, high resolution digital HD camera, and in-built APR system. For high-definition surgical imaging.
• Corus 9 HD C-arm System Mobile high frequency C-arm with HD image quality output, user selectable brightness contrast, and 100 frames per patient with LIH. For high-definition surgical imaging.
• Corus 9 C-arm System Mobile high frequency imaging system C-arm with compact system design, reliable 9 inch triple field image intensifier, and dual high resolution TFT monitors. For standard surgical imaging.
• Helios 401 PC-based Spirometer PC based spirometer with USB powered ergonomic handset, 34 parameter readings, pre-post bronchodilatation results, and lung age calculations. For pulmonology clinics.
• Helios 702 Portable Spirometer Portable spirometer with high resolution color graphic TFT, built-in thermal printer, storage for 2500 patient data, and 51 vital parameters with interpretation. For portable pulmonary function testing.

Quantifiable outcome

• One of only 7 EEG manufacturers in the world since 1977
• +4 more outcomes

Named customers19 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Dealers and Strategic PartnerscoreChannel Partner/ Reseller/ DistributorInternational distribution partnerships through dealers and strategic partners serving SAARC region, East Africa, Middle East, and Europe markets. Company extends market reach internationally through these partnerships while maintaining manufacturing excellence in India.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Edan Instruments: China-based manufacturer of patient monitoring, ECG, ultrasound and in-vitro diagnostics. Targets the same value-tier hospital segment as RMS in India, Africa and Southeast Asia and represents a direct head-to-head in cost-driven public tenders.
• Nihon Kohden: Japan-based global leader in neurodiagnostics (EEG, EMG, PSG) and patient monitoring, one of the few other EEG manufacturers worldwide. Directly comparable to RMS's electrophysiology heritage and competes for neurology and ICU monitor contracts across Asia and emerging markets.
• Trivitron Healthcare: India-headquartered medical technology company manufacturing diagnostic imaging, critical care, neonatal and in-vitro diagnostics equipment. Comparable as a domestic multi-modality manufacturer serving Indian hospitals, diagnostic centers and emerging-market export channels.
• BPL Medical Technologies: Indian medical device manufacturer with a comparable multi-modality portfolio spanning patient monitoring, ECG, defibrillators, X-ray, ultrasound and OR equipment. Directly competes with RMS in price-sensitive Indian hospital tenders and shares the same 'domestic, affordable' positioning.
• Allengers Medical Systems: Indian manufacturer of X-ray, C-arm, mammography and fluoroscopy systems with strong hospital and OEM presence. Overlaps directly with RMS's radiology product line (MDX, HFX and Corus series) and competes in similar Indian and export hospital bids.
• Schiller AG: Swiss manufacturer specializing in cardiology diagnostics (ECG, stress test, Holter, defibrillators, patient monitoring). Comparable to RMS's cardiology-heavy portfolio and competes in Indian tertiary-care hospital tenders and SAARC/MEA export channels.
• Contec Medical Systems: Chinese manufacturer of patient monitors, ECG, pulse oximeters and diagnostic accessories. Strong overlap with RMS's lower-end patient monitoring and cardiology lines in price-sensitive domestic and export markets.

Broad incumbents

• GE HealthCare: Global incumbent in patient monitoring, diagnostic imaging (X-ray, C-arm) and anesthesia/surgical solutions. Competes with RMS in radiology and patient monitoring categories across large Indian hospital systems and emerging-market public tenders.
• Mindray: Chinese global medical device major with extensive patient monitoring, in-vitro diagnostics and medical imaging portfolios. Competes against RMS in Indian mid-tier hospitals and emerging markets at aggressive price points, putting structural pressure on RMS's value-engineered positioning.
• Philips (Healthcare): Global incumbent with overlapping patient monitoring, ECG, defibrillator, imaging and sleep diagnostics portfolios. Competes with RMS primarily in premium Indian tertiary-care and private hospital chains, setting the technology benchmark RMS must close the gap on.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/RMSchd
• Xx.com/INDIA_RMS
• Facebookfacebook.com/rmsindia

Compliance4 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 Recorders and Medicare