HMD Healthcare

What HMD Healthcare does

HMD Healthcare (legal name: Hindustan Syringes & Medical Devices Ltd.) is an indigenous Indian manufacturer of single-use disposable medical devices founded in 1957 and headquartered in Faridabad, Haryana, with a registered office in New Delhi. The company manufactures and distributes a comprehensive portfolio across six core categories: hypodermic syringes (single-use, insulin, auto-disable, and safety variants), hypodermic needles (single-use, pen, dental, and safety), I.V. cannulas (standard and safety-engineered with SIP CLIP and M-CLIP mechanisms), surgical blades and scalpels, blood collection systems (evacuated tubes, winged sets, holders under the Vaku-8 brand), and scalp vein infusion sets, plus accessories such as sharps containers, alcohol swabs, and 3-way stopcocks. Manufacturing is vertically integrated across eight automated plants in Faridabad covering 17 acres, with cumulative capacity exceeding 4.5 billion disposable units annually, including 3 billion+ injection needles per year, supported by online digital vision inspection systems for quality control.

The company serves hospitals and healthcare facilities (naming Apollo Hospitals, Bombay Hospital, Nanjappa Hospital, and others as training/CME partners), government health programs and immunization campaigns (via the GAVI Alliance partnership), and diagnostic laboratories and diabetic/home healthcare segments. Revenue is generated through hardware sales via direct institutional medical representative sales, a domestic network of 4,500+ authorized dealers, wholly-owned subsidiaries in the UK and US, and an international distributor onboarding program. The company sells in over 100 countries, with primary markets in India, Europe, the US, and the Middle East and secondary markets in Southeast Asia and Africa. Key brands include Dispo Van (single-use syringes, insulin, pen, dental needles), Unolok (luer lock syringes and infusion sets), Kojak (auto-disable syringes and safety boxes), Vaku-8 (blood collection systems), Dispojekt (safety needles/syringes), and KitKath/Cathula/Cathy (I.V. cannulas). HMD is privately held as a family-owned corporation led by Managing Director Rajiv Nath and Executive Director Sohail Nath, with no disclosed external institutional investors, growing organically at a compound annual rate of 35-40% and stated to be approaching INR 800 crore in revenue.

Name

HMD Healthcare

Legal name

Hindustan Syringes & Medical Devices Ltd.

Website

https://hmdhealthcare.com

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

HMD Healthcare (Hindustan Syringes & Medical Devices Ltd.) is a privately held Indian medical device manufacturer founded in 1957, producing single-use disposable syringes, IV cannulas, surgical blades, needles, and blood collection systems for hospitals, government immunization programs, and healthcare facilities across 100+ countries.

Ownership category

akta.pro rank

Product category

Disposable Medical Devices

NAICS

Medical Equipment and Supplies Manufacturing (3391)

SIC

Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Medical Waste Management & Biohazard Disposal Systems (Regulated Waste, Liners, Containers) (HLAHANAI)

Keywords

• Disposable medical devices
• Hypodermic syringes
• IV cannulas
• Blood collection systems
• Surgical blades

Headquarters

HQ city

Faridabad

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Medical Device Manufacturing & Sales: HMD generates revenue through manufacturing and distributing a comprehensive range of medical devices including Single Use Syringes, I.V. Cannulas, Surgical Blades, Blood Collection Systems, Hypodermic Needles, Scalp Vein Sets, and medical accessories. The company sells through direct institutional sales, dealer networks, and international subsidiaries. Growing at a compound rate of 35% to 40% annually, projected to cross 800 crores rupees mark.
2. Institutional/Government Sales: Medical representatives are tasked with institutional sales to hospitals, government institutions, chemists, and distributors. GAVI partnership indicates involvement in large-scale public health immunization programs.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

HMD Healthcare is an indigenous disposable medical devices manufacturer that designs, produces, and distributes single-use hypodermic syringes (including Dispo Van, Unolok, and Perfektum brands), auto-disable (AD) syringes (Kojak Selinge and Kojak Smart), safety syringes and needles with Sharps Injury Prevention (SIP) shield (Dispojekt), I.V. cannulas with safety variants (SIP CLIP, M-CLIP), blood collection systems under the Vaku-8 brand, scalp vein infusion sets, surgical blades and scalpels (Glass Van, Technocut), pen needles, dental needles, and accessories such as sharps disposal containers, alcohol swabs, and 3-way stopcocks. All products are manufactured in eight vertically integrated automated plants in Faridabad, Haryana.

Product overview

HMD Healthcare (Hindustan Syringes & Medical Devices Ltd.) is a medical device manufacturer offering a comprehensive portfolio of disposable medical products primarily used in hospitals and healthcare facilities. The product portfolio spans six core categories: Hypodermic Syringes (single-use, insulin, and auto-disable), I.V. Cannulas (standard and safety variants including SIP and M-CLIP models), Hypodermic Needles (single-use, pen, dental, and safety needles), Surgical Blades & Scalpels, Blood Collection Systems (evacuated tubes, winged sets, and holders under the Vaku-8 brand), and Scalp Vein Sets. The company also manufactures medical accessories including safety boxes, alcohol swabs, and stopcocks. All products are manufactured in-house at eight fully-integrated plants in Faridabad, Haryana, with vertical integration for raw materials. Notable product lines include the Dispo Van and Unolok syringe brands, the Kojak auto-disable syringe series, the Dispojekt safety needle/syringe with SIP shield technology, and the Vaku-8 blood collection system developed with Israeli technology.

Differentiator

Problem solved

Functional benefit

Brands

• Dispo Van: Brand for single-use syringes and insulin syringes
• Unolok
• Kojak
• Vaku 8
• Dispojekt
• KitKath
• Cathula
• Cathy
• Dispocann
• Dispoway
• Glass Van
• Technocut

Products and services

• Disposable Single-Use Hypodermic Syringes (Dispo Van, Unolok, Perfektum T.P.E) Single-use disposable syringes for injecting medication and drawing blood, manufactured as per IS:10258 / ISO:7886-1 standards. The Dispo Van, Unolok (luer mount and luer lock), and Perfektum T.P.E variants address secure needle-syringe fitment and routine subcutaneous/intramuscular/intravenous administration across hospitals, clinics, and home healthcare.
• Auto-Disable (AD) Syringes (Kojak Selinge, Kojak Smart) Self-locking auto-disable syringes with a ring and break mechanism that automatically breaks the plunger if reuse is attempted. Sterile, non-toxic, and non-pyrogenic. The Kojak Selinge is manufactured in collaboration with UK-based Star Syringe Ltd., and the Kojak Smart variant adds smart safety features for mass immunization programmes. HMD is the world's largest AD syringe manufacturer and supplies GAVI-led global immunization campaigns.
• Insulin Syringes (Dispo Van Insulin, Unolok Insulin) Single-use insulin syringes designed for precise and comfortable insulin delivery for diabetes management, with luer-based secure needle attachment. Targeted at diabetic patients and home healthcare providers for accurate daily administration.
• Dispojekt Safety Syringe with SIP Shield Single-use syringe with an integrated Sharps Injury Prevention (SIP) shield that reduces accidental needlesticks. Features a transparent safety mechanism compatible with single-handed use, siliconised needle for reduced penetration force, three-bevelled needle to minimise patient discomfort, available in 22G and 23G gauges, and a locking mechanism that prevents reuse after activation. Targeted at hospitals and vaccination programmes.
• Dispo Van Pen Needles High-precision disposable pen needles designed for comfortable, accurate insulin delivery via insulin pens. Targeted at diabetic patients requiring regular home insulin injections.
• Dispojekt Safety Needles with SIP Shield Safety needles with a Sharps Injury Prevention (SIP) shield, featuring a transparent safety mechanism, single-handed activation by pressing against a flat surface with audible click, siliconised needle for reduced penetration force, and three-bevelled tip. Available in 22G and 23G gauges. Targeted at healthcare workers in hospitals and clinical settings.
• Single-Use Hypodermic Needles (Dispo Van, Unolok) Single-use hypodermic needles for delivering medications and extracting body fluids, designed and manufactured to international standards. The Dispo Van and Unolok variants offer luer mount and luer lock compatibility for secure syringe attachment across hospitals and clinics.
• Vaku-8 Blood Collection Needles Evacuated blood collection needles designed for safe, smooth blood withdrawal with minimal patient discomfort. Manufactured in collaboration with Israeli technology partner Estar Technology, the Vaku-8 needles integrate with the brand's blood collection tubes and winged sets to form a closed phlebotomy system. Targeted at hospitals, diagnostic labs, and blood banks.
• Dispo Van Dental Needles Precision needles designed for accurate and comfortable delivery of local anesthesia during dental procedures. Targeted at dental practitioners and clinics.
• I.V. Cannulas (KitKath, KitKath+, Cathula, Cathy) Standard intravenous cannulas for blood sampling and administration of medication, fluids, and chemotherapy. Available in KitKath, KitKath+, Cathula, and Cathy variants targeting diverse clinical use cases in hospital intravenous therapy.
• Safety I.V. Cannulas with SIP Clip and M-CLIP Mechanisms (Cathy+, Cathula+, KitKath+) Safety I.V. cannulas with integrated metal shielding mechanisms (SIP Clip and M-CLIP designs) that activate after use to minimise direct handling of contaminated needles. Available in Cathy+, Cathula+, KitKath+ variants including pediatric/neonatal options (Cathula Neo, Cathy+ Neo) and M-CLIP designs, covering oncology, general IV therapy, and neonatal care with emphasis on needlestick injury prevention.
• Scalp Vein Infusion Sets (Scalp Van, Unolok, Unolok+) Scalp vein infusion sets for drawing blood and introducing fluids into a patient's vein, designed to minimise vein perforation during insertion. The Scalp Van, Unolok, and Unolok+ variants provide luer-based secure attachment with enhanced safety features. Targeted at hospitals and clinics.
• Vaku-8 Blood Collection System (Tubes, Winged Sets, Blood Collection Holders) Closed evacuated blood collection system manufactured in collaboration with Israeli company Estar Technology. Includes evacuated tubes colour-coded by use case (haematology and chemistry), winged blood collection sets in 2-10ml sizes, safety winged variants (Vaku-8+) with safety lock, and Vaku-8 Ejecto blood collection holders. Targeted at diagnostic laboratories, blood banks, and clinical testing facilities for routine phlebotomy.
• Surgical Blades and Scalpels (Glass Van, Technocut) Surgical blades and scalpels designed for maximum precision and smooth sharp finish in surgical procedures. The Glass Van brand covers glass surgical blades and Technocut covers stainless steel surgical scalpels. Targeted at hospitals, surgical centres, and ophthalmic/precision surgery practitioners globally.
• Kojak Sharps Disposal Containers (Safety Box, Sharps Container) Puncture-resistant sharps disposal containers for safe disposal of needles, blades, and other medical waste. The Kojak Safety Box and Kojak Sharps Container brands target hospitals, clinics, and immunization programmes complying with infection control standards.
• Dispoway 3-Way Stopcock Three-way stopcock for controlling the flow and direction of liquids in I.V. therapy, enabling connection between multiple fluid sources during intravenous administration. Targeted at hospitals and clinical settings performing IV therapy.
• Dispocann Alcohol Swabs Alcohol swabs for skin preparation prior to injections and medical procedures. Targeted at hospitals, clinics, and home healthcare users as a complementary accessory to injection devices.

Quantifiable outcome

• Over 3 billion injection needles produced per annum
• +6 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• GAVI AllianceflagshipStrategic or Co-development Partner · 21 January 2015GAVI chose HMD as a knowledge and strategic partner for an innovative multi-million dollar Global initiative to promote injection safety around the world. This partnership was announced at the World Economic Forum in Davos in January 2015. HMD was selected as a key partner to support global immunization safety through supply of auto-disable syringes for mass vaccination programs in developing countries.
• Japanese Firm (Unnamed)coreTechnology or Integration · 1 January 1959First Indo-Japanese joint venture in India to manufacture glass syringes, beginning HMD's journey in medical device manufacturing with Japanese technology. Japanese technology continues to be utilized for manufacturing all types of needles.
• Star Syringe Ltd. (UK)coreTechnology or IntegrationCollaboration with UK-based M/s. Star Syringe Ltd. to launch AD Syringes under the brand name Kojak Selinge. British technology is utilized for manufacturing Surgical Blades & AD Syringes. Kojak Selinge is HMD's flagship auto-disable syringe product.
• Estar Technology (Israel)coreTechnology or IntegrationCollaboration with Israeli company M/s. Estar Technology to develop and produce the Vaku-8 brand of Evacuated Blood Collection Tubes, a key product in HMD's blood collection systems portfolio.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Nipro Corporation: Japanese medical device manufacturer with a strong portfolio in syringes, needles, dialysis, and blood collection products. Competes with HMD across disposable injection devices and Asia/global distribution.
• Terumo Corporation: Japanese medical device manufacturer of syringes, needles, IV catheters, blood collection tubes, and safety-engineered devices; competes head-to-head with HMD in disposable injection and blood-collection categories, especially in emerging markets.
• Becton Dickinson (BD): Global medical device leader with the largest share of syringes, needles, IV cannulas, and safety-engineered injection devices worldwide. Directly comparable to HMD across disposable syringes, hypodermic needles, I.V. cannulas, and blood collection systems.
• Vygon: French single-use medical devices company specializing in IV cannulas, infusion sets, scalp vein sets, and neonatal products; competes with HMD's IV cannula, scalp vein set, and neonatal safety cannula lines in EMEA and emerging markets.
• ICU Medical (Smiths Medical): US-based manufacturer of IV therapy, syringes, needles, and blood collection systems following the Smiths Medical acquisition. Directly competes with HMD in hospital disposables and safety-engineered IV cannulas.
• HLL Lifecare: Indian public-sector manufacturer and distributor of condoms, surgical sutures, blood collection bags, and medical disposables. Comparable to HMD in government-tendered medical devices and large-volume institutional supply.
• Poly Medicure (Polymed): Indian medical device manufacturer of disposable syringes, IV cannulas, blood collection systems, and infusion sets — HMD's closest domestic competitor with overlapping hospital distribution in India and emerging-market exports.
• B. Braun Melsungen: German medical device manufacturer with a broad portfolio overlapping HMD's hypodermic syringes, IV cannulas (including safety variants like Introcan Safety), infusion sets, and surgical disposables serving hospitals globally.
• Narang Medical: Indian manufacturer and exporter of medical disposables including syringes, needles, surgical blades, IV cannulas, and blood collection systems; competes with HMD in domestic India distribution and emerging-market exports.
• Teleflex: US medical device company with strong portfolios in IV catheters (Arrow), safety needles, and surgical instruments; directly comparable to HMD in safety-engineered IV cannulas and vascular access devices.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/hmdhealthcare
• LinkedInlinkedin.com/company/hmdhealthcarelimited

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

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 HMD Healthcare