Precision Coatings
Precision Coatings is a 1986-founded Indore-based manufacturer of wound care dressings, surgical tapes, orthopaedic bandages, pain management patches, and disinfection products sold under the Medigrip and Mediwrap brands via 500+ Indian distributors and exports to 20+ countries.
- Company typePrivate
- Founded1986
- HeadquartersIndore, India
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Precision Coatings does
Precision Coatings Pvt. Ltd. (PCPL) is an Indore, Madhya Pradesh-based medical device manufacturer founded in 1986 by Mr. Raju Sethi (BITS Pilani). Operating under the Medigrip and Mediwrap brands, the company designs and manufactures wound care, surgical adhesive, orthopaedic, pain management, and disinfection products spanning advanced wound dressings (non-woven, transparent film, chlorhexidine gauze), traditional surgical tapes, fixation dressings, first aid plasters, plaster of Paris bandages, elastic and kinesiology tapes, ayurvedic pain relief patches, corn caps, and WHO-formula hand sanitizer. Manufacturing occurs at a Schedule M GMP-compliant clean room facility in Pithampur Industrial Area using ETO sterilization; the company holds ISO 13485:2016, ISO 9001:2008, and CE Class I certifications.
The business is a hybrid B2B/B2C model. Commercial reach is anchored by a 500+ pan-India distributor network actively managed by a direct sales force, alongside an export channel covering 20+ countries including Canada, the USA, Australia, the Middle East (Oman, Bahrain), West Africa (Sierra Leone), Southeast Asia (Vietnam, Myanmar, Mozambique), and South Asia (Nepal). On the consumer side, products are sold through an own Shopify storefront and marketplaces (Flipkart, Amazon India, Meesho, 1mg), with GST invoicing available for B2B purchases. Revenue mechanics are unit/quote-based with no disclosed subscription or recurring component; no public revenue figure is provided.
PCPL is a bootstrapped, founder-led private company without external institutional capital. Leadership combines the founder Raju Sethi (Managing Director) with second-generation executives Dhananjay Sethi (Executive Director; IIT Bombay, Johns Hopkins; ex-Medtronic USA, SABIC) and Nishi D Sethi (Director - Business Development; IIT Delhi; ex-Bain & Company, Clinton Health Access Initiative), supplemented by a Vice President with Ranbaxy and Beiersdorf background. Customer segments are fragmented across hospitals, nursing homes, pathology labs, clinicians, food processing operators, and households, with no named anchor accounts identified and no public revenue breakdown.
Precision Coatings firmographics
Firmographics- Name
- Precision Coatings
- Legal name
- Precision Coatings Pvt. Ltd.
- Website
- https://medigrip.in
- Company type
- Private
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Precision Coatings is a 1986-founded Indore-based manufacturer of wound care dressings, surgical tapes, orthopaedic bandages, pain management patches, and disinfection products sold under the Medigrip and Mediwrap brands via 500+ Indian distributors and exports to 20+ countries.
- Ownership category
- akta.pro rank
Where Precision Coatings is headquartered
LocationHeadquarters
- HQ city
- Indore
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Precision Coatings business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Medical Adhesive Products Sales: Revenue from manufacturing and selling wound care products including surgical tapes, adhesive dressings, fixation dressings, and first aid plasters. Products sold through B2B distributor network and B2C e-commerce channels with pricing at product level.
- Orthopaedic & Rehabilitation Products: Sales of orthopaedic products including Plaster of Paris bandages, elastic adhesive bandages, cotton crepe bandages, and kinesiology tapes through distributor network and retail channels.
- Pain Management Solutions: Revenue from ayurvedic pain relief patches, capsicum plasters, belladonna plasters, and pain balms sold through pharmacies, hospitals, and consumer retail channels.
- Disinfection Products: Sales of hand sanitizers and disinfection products in various sizes (100ml to 5L) for healthcare facilities, offices, and consumer markets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Direct B2C e-commerce pricing |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels4 records
Precision Coatings product offering
Product offeringCore offering
Precision Coatings manufactures medical adhesive and wound care products, including advanced and traditional wound dressings, surgical tapes, fixation dressings, first aid plasters, orthopaedic bandages, pain management plasters and balms, corn caps, and hand sanitizers. The products are sold under the Medigrip and Mediwrap brands for use by hospitals, clinicians, food processing industries, and households, manufactured at a GMP-compliant clean room facility in Pithampur, India.
Product overview
Precision Coatings Pvt. Ltd. (PCPL) offers a diversified medical products portfolio under the Medigrip and Mediwrap brands, spanning Advanced Wound Care (non-woven and transparent film adhesive dressings, chlorhexidine gauze dressing), Traditional Wound Care (surgical tapes, fixation dressings, first aid plasters, alcohol swabs), Orthopaedic & Rehabilitation (plaster of Paris bandages, cast padding, elastic adhesive bandages, cotton crepe bandages, kinesiology tape), Pain Management (ayurvedic pain relief patches, capsicum plasters, belladonna plasters, pain balm), Corn Removers (corn caps), and Disinfection Products (hand sanitizer). The company operates as a manufacturer with ISO 13485:2016 and CE certifications, distributing through 500+ pan-India distributors and exporting to 20+ countries.
Differentiator
Problem solved
Functional benefit
Brands
- Medigrip: Primary brand for wound care products including surgical tapes, adhesive bandages, fixation dressings, and advanced wound care products. Popular brand amongst clinicians and households in India and internationally.
- Mediwrap
Products and services
- Medigrip Non-woven Adhesive Dressing
Quantifiable outcome
- 100% customer satisfaction rating on product quality and delivery in 2021-22 survey
- +3 more outcomes
Companies that use Precision Coatings
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles3 records
Precision Coatings technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Precision Coatings partnerships and signals
Strategic signalScale indicators9 records
Recent moves7 records
Expansion highlights6 records
Precision Coatings competitors and assessment
Company assessmentDirect peers
- Mölnlycke Health Care: Swedish global leader in wound care and surgical solutions (Mepilex, Mepitel, etc.). Directly comparable as a manufacturer of advanced wound dressings, surgical tapes, and fixation products sold through hospital and distribution channels worldwide.
- Leeford Healthcare: Indian pharmaceutical and medical products company with wound care and surgical consumables in its portfolio. Closely comparable as a domestic Indian competitor in similar product categories, price points, and distribution channels.
- Coloplast: Danish specialist in wound care, ostomy, and continence care with a strong Biatain and Comfeel dressing portfolio. Comparable as a focused wound-care manufacturer serving both institutional and consumer segments.
- Hartmann Group: German family-owned medical products company with strong wound care, disinfection, and orthopaedic bandage portfolios (Cosmopor, Peha-haft). Highly comparable as a mid-sized wound care specialist with international CE-certified operations.
- Beiersdorf (Hansaplast / Coverplast): Beiersdorf's Hansaplast/Coverplast and Elastoplast brands are global adhesive bandage leaders. Comparable as a manufacturer of adhesive wound care products with both consumer retail and clinical presence.
- BSN Medical (Essity): Now part of Essity, BSN medical is a major wound care, compression therapy and orthopaedics brand (Leukoplast, Cutimed, JOBST). Directly comparable as a wound care and orthopaedic bandage manufacturer with global distribution.
Broad incumbents
- 3M Health Care: 3M's Health Care division includes Tegaderm dressings and a broad range of medical adhesives and tapes. Comparable as a large incumbent in wound care adhesives, though 3M operates across many other healthcare and industrial verticals.
- Smith & Nephew: Global medical device major with sizeable Advanced Wound Management portfolio (Allevyn, Acticoat). Comparable as a diversified wound care manufacturer serving hospitals globally, though operating at vastly larger scale.
Emerging players
- Cipla Health: Consumer healthcare arm of Cipla, active in OTC wound care, antiseptics, and pain management in India. Comparable as an Indian competitor leveraging pharma scale into wound care and consumer healthcare categories.
- Kinesio (Kinesio Tex Tape): Specialist in kinesiology tape products for sports and rehabilitation therapy. Comparable as a focused manufacturer of adhesive kinesiology tape, a category Medigrip also competes in directly.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Precision Coatings social profiles
Digital presencePrecision Coatings compliance and trust
Trust signalCompliance4 records
Precision Coatings financial estimates
Financial estimateRevenue estimate
Valuation estimate
Precision Coatings leadership team
Management profileNumber of profiles
Profiles4 records
Precision Coatings funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Precision Coatings M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Precision Coatings
What does Precision Coatings do?
Precision Coatings manufactures medical adhesive and wound care products, including advanced and traditional wound dressings, surgical tapes, fixation dressings, first aid plasters, orthopaedic bandages, pain management plasters and balms, corn caps, and hand sanitizers. The products are sold under the Medigrip and Mediwrap brands for use by hospitals, clinicians, food processing industries, and households, manufactured at a GMP-compliant clean room facility in Pithampur, India.
Is Precision Coatings a public or private company?
Precision Coatings is a private company. It is classified as family owned and is currently operating.
When was Precision Coatings founded?
Precision Coatings was founded in 1986. It employs 51 to 100 people.
Where is Precision Coatings based?
Precision Coatings is headquartered in Indore, India, in the Asia region.
How does Precision Coatings make money?
Four revenue lines are on record. Medical Adhesive Products Sales are the primary driver. The others are orthopaedic & Rehabilitation Products, pain Management Solutions and disinfection Products.
Who are Precision Coatings's main competitors?
Direct peers on record are Mölnlycke Health Care, Leeford Healthcare, Coloplast, Hartmann Group, Beiersdorf (Hansaplast / Coverplast) and BSN Medical (Essity). Broad incumbents are 3M Health Care and Smith & Nephew. Emerging players are Cipla Health and Kinesio (Kinesio Tex Tape).
Does Precision Coatings have an API?
No public API is recorded for Precision Coatings.