What Care Group does

Care Group, founded in 1987 in Vadodara, India, manufactures and exports intraocular lenses (IOLs) and ophthalmic surgical products for eye care institutions and ophthalmologists across more than 30 countries. The company operates two manufacturing facilities at Dabhasa, Padra — Polymer Technologies International (E.O.U) and Contacare Ophthalmics & Diagnostics (100% EOU) — collectively spanning over 100,000 sq.ft. with annual capacity up to 4.0 million IOL pieces. Its portfolio spans conventional, advanced, premium (multifocal/trifocal/toric), add-on, and customized IOLs built on proprietary hydrophobic and hydrophilic acrylic materials, supplemented by the IPCL V2.0 phakic lens platform, ophthalmic pharmaceuticals (lubricants, antibiotics, NSAIDs, irrigating solutions), diagnostic strips, and distributed third-party equipment (Ziemer, Zepto, Diopsys, Schwind, Optovue, Sophi). The company holds multiple patents including a 2016 US Patent for Hydrophobic Trifocal Lens, ISO 9001 certification, CE marks, and US FDA approval for diagnostic strips, and is recognized as the first company worldwide to manufacture molded hydrophobic micro incision lenses.

The business operates as a B2B manufacturer and exporter through direct institutional sales relationships and global distribution networks, supplemented by channel partnerships for complementary ophthalmic equipment. Revenue streams are diversified across hardware sales of IOLs, phakic lenses, ophthalmic pharmaceuticals, diagnostic strips, and equipment distribution, with the company positioned as a comprehensive ophthalmic product platform rather than a single-product manufacturer. Surgeon training programs function as a value-added service to embed Care Group within institutional workflows, while digital tools (IPCL Calculator, Toric Calculator, eIFUs portal) support post-sale clinical decision-making.

Care Group's competitive position rests on scale manufacturing economics from India, patented optical and material innovations (TRIDIFF, ACRIOL, Central Hole Technology, proprietary hydrophobic material), and a broad premium-to-commodity product range. Recent strategic momentum includes premium IOL launches (TriPhobic 2019, Magnificent UHDOF 2020), the Sulcofix add-on series, and a 2017-2018 joint venture in China for geographic expansion. The company is privately held (Care Group Sight Solution Private Limited), founded and led by Mr. Jagrat Dave, with 1,001-5,000 employees and no disclosed external institutional investors.

Name

Care Group

Legal name

Care Group Sight Solution Private Limited

Website

https://caregroupglobal.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Care Group manufactures and exports intraocular lenses, phakic lenses, and ophthalmic pharmaceuticals from India to eye care institutions and ophthalmologists across more than 30 countries.

Ownership category

akta.pro rank

Product category

Ophthalmic Medical Devices

NAICS

Ophthalmic Goods Manufacturing (339115), Surgical Appliance and Supplies Manufacturing (339113), Ophthalmic Goods Merchant Wholesalers (423460)

SIC

Ophthalmic Goods (3851), Surgical & Medical Instruments & Apparatus (3841), Optical Instruments & Lenses (3827)

akta.pro primary industry

Cataract Surgery Systems & IOLs (Phaco Systems, IOLs, Intraoperative Aberrometry, Viscoelastics) (HLAHAJAH)

akta.pro secondary industry

Contact Lens Specialty & Myopia Control (HLAKAKAK)

Keywords

• Intraocular lens manufacturing
• Ophthalmic surgical products
• Phakic lens implants
• Cataract surgery devices
• Ophthalmic pharmaceuticals

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices3 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. Intraocular Lenses (IOL): Manufacturing and global export of intraocular lenses including conventional, advanced, premium (multifocal/trifocal/toric), and customized options for cataract treatment and refractive correction.
2. Phakic Lenses (IPCL V2.0): Implantable Phakic Contact Lenses for refractive correction (myopia, hyperopia, astigmatism, presbyopia) in patients unsuitable for LASIK.
3. Ophthalmic Pharmaceuticals: Pharmaceutical products including Carelub (lubricant drops), Mocare (antibiotic drops), Tropicare Plus (mydriatic), Hiluron (sodium hyaluronate), Nepacon (NSAID), and Contasol (irrigating solutions).
4. Diagnostic Strips: Fluorescein sodium strips, Lissamine Green strips, Rose Bengal strips, HiGlo strips, and Tear strips for ophthalmic diagnostics.
5. Ophthalmic Equipment Distribution: Distribution of ophthalmic equipment brands including Ziemer, Zepto, Diopsys, Schwind, Optovue, and Sophi.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Care Group manufactures and globally exports intraocular lenses (IOLs) including conventional, advanced, premium (multifocal/trifocal/toric), add-on, and customized variants, along with phakic lenses (IPCL V2.0 series) for refractive correction, ophthalmic pharmaceuticals (lubricants, antibiotics, mydriatics, viscoelastics), diagnostic strips, and distributed ophthalmic surgical equipment. The company serves eye care institutions and ophthalmologists in more than 30 countries with high-quality products at affordable prices.

Product overview

Care Group is a comprehensive ophthalmic product manufacturer offering multiple product categories: Intraocular Lenses (Conventional, Advanced, Premium, Add-on, and Customized), Phakic Lenses (IPCL V2.0 series), Surgical Devices, Ophthalmic Solutions (Pharmaceuticals and Diagnostic Strips), and distributed Ophthalmic Equipment. The IPCL V2.0 phakic lens platform includes Aspheric, Toric, Presbyopic, and Presbyopic Toric variants for refractive error correction. The IOL portfolio spans from basic spherical lenses (Ocuflex, RYCF) through advanced aspheric designs (Acriol, Ultima Plus) to premium multifocal/trifocal options (TriDIFF, Triphobic, iDIFF Plus, Acriol Toric Multifocal) and customized solutions (Ultima Smart Toric). Add-on IOLs (Sulcofix series) enable pseudophakic enhancement. Ophthalmic pharmaceuticals include lubricants (Carelub), antibiotics (Mocare), surgical solutions (Contasol), and NSAID formulations (Nepacon). Diagnostic strips cover fluorescein, lissamine green, rose bengal, and tear measurement applications.

Differentiator

Problem solved

Functional benefit

Products and services

• IPCL V2.0 Aspheric Hydrophilic aspheric phakic intraocular lens for myopia and hyperopia correction, available with customization up to 7.25mm optics. Targets ophthalmic surgeons and eye care institutions performing refractive correction on patients unsuitable for LASIK.
• IPCL V2.0 Toric Hydrophilic aspheric toric phakic IOL for myopia and hyperopia with astigmatism correction, featuring smart toric design with no rotation requirement. Targets ophthalmic surgeons performing refractive correction for patients with astigmatism unsuitable for LASIK.
• IPCL V2.0 Presbyopic Patented refractive-diffractive posterior chamber phakic IOL providing high definition near, intermediate, and distance vision with minimal glare and halos. Targets ophthalmic surgeons treating presbyopic patients unsuitable for LASIK/LASEK.
• IPCL V2.0 Presbyopic Toric Combined toric and presbyopic phakic IOL correcting myopia/hyperopia with astigmatism up to 10D and presbyopic add up to +4D. Targets ophthalmic surgeons for patients requiring both astigmatism and presbyopia correction unsuitable for LASIK.
• Ocuflex Foldable single-piece hydrophilic acrylic IOL with UV blocking and spherical optics for cataract surgery. Targets ophthalmic surgeons performing standard cataract procedures.
• RYCF Foldable hydrophilic acrylic IOL with modified C-haptic design, spherical and aspheric options, UV protection. Targets ophthalmic surgeons performing cataract surgery.
• Acriol Aberration neutral hydrophobic acrylic IOL with square edge design, manufactured by synchronized cast molding. Targets ophthalmic surgeons performing cataract surgery with premium lens options.
• Acriol EC Yellow hydrophobic acrylic micro incision IOL with aberration neutral aspheric optic, square edge, and blue blocker. Targets ophthalmic surgeons performing cataract surgery with blue light filtering premium lenses.
• Acriol EC Versatile Aberration controlled preloaded hydrophobic IOL with ELP optimized design for predictable refractive outcomes. Targets ophthalmic surgeons seeking preloaded delivery systems for cataract surgery.
• Acriol Pre-Loaded Hydrophobic pre-loaded IOL with micro incision capability, one-handed technique, reduces preparation time. Targets ophthalmic surgeons seeking efficient preloaded IOL delivery for cataract surgery.
• Micriol Plus Aspheric hydrophilic acrylic IOL with 360° square edge, designed for sub 2mm incision with anti-Z effect haptic design. Targets ophthalmic surgeons performing micro-incision cataract surgery.
• Ultima Plus Biconvex aspheric hydrophobic acrylic IOL with 360° square edge, aberration neutral, foldable. Targets ophthalmic surgeons performing premium cataract surgery with hydrophobic lens preference.
• Ultima Plus Natural Negative aspheric optic with yellow tint and blue light blocking, 360° square edge, enhanced contrast sensitivity. Targets ophthalmic surgeons seeking blue light filtering hydrophobic IOLs for cataract surgery.
• AcriDIFF Hydrophobic presbyopic IOL with refractive-diffractive aspheric optics and slanted transition zones for distance, near and intermediate vision. Targets ophthalmic surgeons performing presbyopia-correcting cataract surgery.
• Acriol EC Toric Yellow hydrophobic aspheric toric micro incision IOL for astigmatism correction with perfect capsular bag stability. Targets ophthalmic surgeons performing astigmatism-correcting cataract surgery.
• Acriol Toric Multifocal (ATM) Refractive-diffractive toric multifocal IOL providing near, intermediate and distance vision with astigmatism correction. Targets ophthalmic surgeons performing premium cataract surgery with both presbyopia and astigmatism correction.
• iDIFF Plus New generation refractive-diffractive presbyopic IOL with balanced light distribution (60/40), pupil independent, reduces glare and halos. Targets ophthalmic surgeons performing presbyopia-correcting cataract surgery.
• TriDIFF True trifocal hydrophilic IOL with patented slanted transition zone design providing clear near, intermediate and distance vision. Targets ophthalmic surgeons performing premium trifocal cataract surgery.
• Triphobic True trifocal hydrophobic micro incision lens with refractive-diffractive aspheric optic, glistening-free material, pale yellow tint. Targets ophthalmic surgeons performing premium trifocal cataract surgery with hydrophobic lens preference.
• Ultima Smart Toric Completely customized toric aspheric IOL with customized optic size and overall length based on patient's measurements, no axis marking required. Targets ophthalmic surgeons seeking patient-specific IOL solutions for cataract surgery.
• Sulcofix High performance pseudophakic add-on IOL minimizing aberration and maximizing visual acuity, hydrophobic acrylic. Targets ophthalmic surgeons for supplementary IOL implantation in pseudophakic patients.
• Sulcofix Multifocal Multifocal pseudophakic add-on IOL with +3.5D near and +1.8D intermediate addition for enhanced vision. Targets ophthalmic surgeons for presbyopia correction supplementation in pseudophakic patients.
• Sulcofix Toric Toric pseudophakic add-on IOL for astigmatism correction with hydrophobic acrylic material. Targets ophthalmic surgeons for astigmatism correction supplementation in pseudophakic patients.
• Sulcofix Toric Multifocal
• ALFA ARC Intrastomal ring device for surgical applications. Targets ophthalmic surgeons performing corneal surgical procedures.
• Carelub | Carelub DS Carboxymethylcellulose eye drops (0.5% and 1.0%) with osmo correction technology for dry eye treatment. Targets eye care practices and pharmacies dispensing dry eye treatments.
• Contasil-1000 | Contasil-1300
• Contasol
• Contasol Plus
• Hiluron 1.4%
• Tropicare Plus Eyedrops
• Mocare Gel
• Mocare LP | Mocare DX Eyedrops
• Mocare UNI | Mocare PSF
• Nepacon Eye Drops
• Fluo Strips
• Fluo Strips Easy Peel
• Lissamine Green Strips
• Rose Bengal Strips
• HiGlo Strips
• Tear Strips
• Magnificent UHDOF Hydrophobic IOL Hydrophobic IOL for extended depth of focus (EDOF/UHDOF) vision correction. Targets ophthalmic surgeons seeking extended depth of focus lens options for cataract surgery patients.

Quantifiable outcome

• 80% of vision impairment cases are preventable with early diagnosis and treatment
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered historical/core and minor.

• Ocular Technologies, USAhistorical/coreTechnology or IntegrationTechnical collaboration with Ocular Technologies, USA from 1991-1995 for technology transfer and development of intraocular lens manufacturing capabilities. Joint venture agreement ended in 2006-2010 period.
• Joint Venture Partner in ChinaminorStrategic or Co-development PartnerStarted a joint venture with a leading company in China in 2017-2018 for manufacturing and distribution operations.
• Ziemer GroupminorChannel Partner/ Reseller/ DistributorDistribution partnership for Ziemer ophthalmic equipment products including femtosecond laser devices for surgical procedures.
• Zepto (Mynosys)minorChannel Partner/ Reseller/ DistributorDistribution partnership for Zepto cataract surgery device through caregroup platform.
• DiopsysminorChannel Partner/ Reseller/ DistributorDistribution partnership for Diopsys ophthalmic diagnostic equipment products.
• Schwind (Eye-Tech Solutions)minorChannel Partner/ Reseller/ DistributorDistribution partnership for Schwind ophthalmic equipment including excimer laser systems.
• OptovueminorChannel Partner/ Reseller/ DistributorDistribution partnership for Optovue optical coherence tomography (OCT) equipment.
• SophiminorChannel Partner/ Reseller/ DistributorDistribution partnership for Sophi ophthalmic surgical devices.
• Contacare EyehospitalminorChannel Partner/ Reseller/ DistributorReferral partnership for contact lens products through Contacare Eyehospital website.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Alcon: Global leader in IOLs (PanOptix, Vivity) and ophthalmic pharmaceuticals. Operates a full-spectrum portfolio across monofocal, premium multifocal, and phakic IOLs, directly overlapping with Care Group's complete IOL range.
• Hoya Corporation: Markets the Vivinex IOL family and other intraocular lenses globally. Competes in both monofocal and premium segments with vertically integrated manufacturing.
• Bausch + Lomb: Markets the enVista and Trulign IOL platforms alongside a broad ophthalmic pharmaceuticals portfolio. Competes across monofocal and premium IOL segments globally.
• Johnson & Johnson Vision: Sells the Tecnis IOL family (multifocal, toric, EDOF) and competes across the full premium IOL spectrum. A dominant global incumbent with deep surgeon relationships and large clinical evidence base.
• Carl Zeiss Meditec: Sells CT LUCIA and AT LISA premium IOLs and integrates IOLs with its surgical microscope and laser platforms. A premium-focused incumbent with strong European installed base.

Direct peers

• HumanOptics: German specialty IOL manufacturer focused on premium and customized IOLs. Comparable in product sophistication and niche premium positioning, though with smaller scale.
• Aurolab: India-based IOL and ophthalmic consumables manufacturer (part of Aravind Eye Care System). The closest geographic and product peer to Care Group, competing in affordable IOLs for emerging markets.
• STAAR Surgical: STAAR Surgical's Visian ICL is the global market-leading Implantable Collamer Lens (phakic IOL), making it the most direct competitor to Care Group's IPCL V2.0 phakic lens platform. Both companies target refractive correction in patients unsuitable for LASIK.
• Rayner: UK-based IOL manufacturer with a full range of monofocal, toric, multifocal, and EDOF IOLs (e.g., RayOne). Competes head-to-head in mid-tier and premium IOL markets globally.
• VSY Biotechnology: Turkish IOL and ophthalmic product manufacturer with strong international export footprint. Comparable to Care Group in scale, product breadth, and emerging-market focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCiQQ8wuSk9Wumnz8JhgqKnA
• Facebookfacebook.com/caregroupworld
• LinkedInlinkedin.com/company/care-group-iol

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Care Group