Medirays Corporation

What Medirays Corporation does

Medirays Corporation (legally Medirays Imaging Pvt. Ltd) is an India-based medical imaging equipment company founded in 1999 and headquartered in Mumbai, with a 40,000 sq ft dedicated refurbishing facility in Asangaon, Thane. The company imports, exports, sells, and services pre-owned diagnostic imaging systems, with a core product line covering refurbished GE 1.5T and 3.0T Signa HDxT MRI scanners and Philips iCT 256-slice and Ingenuity 128-slice CT scanners. It also designs and manufactures FerroSafe, an in-house MRI patient-safety ferromagnetic detector built around patented "Smart Detect" sensor algorithms, giving the business a small proprietary technology dimension beyond pure refurbishment.

The company operates a vertically integrated refurbishment stack: a CT refurbishing and staging bay, a quality assurance division aligned to OEM and Atomic Energy Regulatory Board of India specifications, a high-voltage tube testing and repair division, a circuit-board and power-supply repair lab, an MRI simulation lab, MRI coil testing and repair, and remote-diagnosis consoles that let factory engineers troubleshoot systems in the field over the internet. Central spare-parts inventory covers X-ray tubes, HT transformers, circuit boards, and power supplies, supporting both its own installations and third-party customers.

Revenue is generated through hardware sales of refurbished imaging systems, recurring service and maintenance contracts, spare-parts sales, and export of complete radiology solutions to hospitals and imaging centers across India, Africa, the Middle East, and Southeast Asia. The company holds ISO 13485:2016 certification, is privately held with no disclosed external funding or parent, and relies on a direct enterprise sales motion supplemented by trained dealer networks for local service delivery.

Name

Medirays Corporation

Legal name

Medirays Imaging Pvt. Ltd

Website

https://medirays.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

51–100 employees

Short description

Medirays Corporation is an India-based, privately held medical imaging company that refurbishes, sells, and services pre-owned MRI and CT scanners, and manufactures the FerroSafe MRI patient-safety device, serving hospitals and imaging centers in India, Africa, the Middle East, and Southeast Asia.

Ownership category

akta.pro rank

Product category

Refurbished Medical Imaging Equipment

NAICS

Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Irradiation Apparatus Manufacturing (334517), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047), Electromedical & Electrotherapeutic Apparatus (3845), X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844)

akta.pro primary industry

Magnetic Resonance Imaging (MRI) Systems (HLAHABAC)

Keywords

• Refurbished medical imaging
• MRI equipment sales
• CT scanner refurbishment
• Medical device services
• Pre-owned radiology equipment

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Pre-owned Medical Imaging Equipment Sales: Sale of refurbished and fully restored medical imaging equipment including MRI scanners and CT scanners. Equipment is restored to original condition and functionality, tested according to OEM specifications, and typically includes warranty or new warranty coverage.
2. Medical Imaging Equipment Service and Maintenance: Service offerings including magnet pre-cooling, CT refurbishing, repair lab services, MRI simulation lab, MRI coils testing and repairs, and remote diagnosis support.
3. Spare Parts and Components: Sale of replacement X-ray tubes, HT transformers, circuit boards, and power supplies. Central inventory provides cost-effective spares to customers reducing replacement costs.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Medirays Corporation refurbishes, exports, and sells pre-owned medical imaging equipment—primarily MRI and CT scanners—restored to OEM specifications with warranty and quality assurance. The company also manufactures the FerroSafe Ferro Magnetic Detector for MRI patient safety and offers complementary services including magnet pre-cooling, repair labs, MRI coil testing, and remote diagnosis. Equipment is sold to hospitals and imaging centers in India and exported to emerging markets in Africa, the Middle East, and Southeast Asia.

Product overview

Medirays Corporation offers a portfolio of refurbished medical imaging equipment and related services. The core product line consists of pre-owned diagnostic imaging systems: two MRI systems (GE 1.5T Signa HDxT and GE 3.0T Signa HDxT) and two CT scanners (Philips iCT 256-slice and Philips Ingenuity 128-slice). The company also provides the FerroSafe MRI patient safety device (Ferro Magnetic Detector) designed and developed in India. Services include magnet pre-cooling, CT refurbishing, repair labs, MRI simulation lab, MRI coils testing and repairs, and remote diagnosis capabilities. These products and services are designed for hospitals and medical facilities seeking cost-effective medical imaging solutions with quality assurance per Atomic Energy Regulatory Board of India specifications.

Differentiator

Problem solved

Functional benefit

Brands

• FerroSafe: Complete MRI patient safety solution including dedicated patient preparation sensor for detecting ferro objects, pacemakers and metal implants before MRI scans. Includes console alarm unit, high resolution display, and mapping tool for restricted area monitoring.

Products and services

• FerroSafe - Ferro Magnetic Detector An India-designed MRI patient safety device with dedicated patient preparation sensors (Ferroscan) to scan patients for ferro-objects including metal implants and pacemakers before MRI scans, passive sensors placed outside the magnet room, console alarm units, and high-resolution displays. Patented Smart Detect algorithms automatically detect scan initiation and light the 'SCAN ON' display.
• Pre-owned GE 1.5T Signa HDxT MRI Refurbished 1.5T MRI system featuring CXK4 magnet with zero boil-off, 16-channel MR system electronics, 33 mT/m gradient amplitude with 120 mT/m/ms slew rate, high-density multi-channel array coils, and advanced applications including CUBE, LAVA, VIBRANT, and TRICKS. Restored to OEM specifications with warranty.
• Pre-owned GE Signa HDxT 3.0T MRI Refurbished 3.0T MRI system featuring GE CXK4 zero boil-off 1.5T magnet with 48 cm FOV, 50 mT/m gradient amplitude with 150 mT/m/ms slew rate, Liberty Docking System, advanced high-definition gradients, and applications including CUBE with ARC, PROPELLER HD, DTI/FiberTrak, LAVA XV, VIBRANT, and CartiGram.
• Pre-owned Philips iCT 256 Slice CT Scanner Refurbished 256-slice CT scanner featuring 2 Beat Cardiac CT capability, iMRC X-ray tube with 30 MHU anode heat capacity, 120 KW X-ray generator, 80 mm coverage, up to 24 lp/cm spatial resolution, 0.27s scan time, TACH2 detector electronics for improved image quality at lower dose, and AirGlide Gantry.
• Pre-owned Philips Ingenuity 128 Slice CT Scanner Refurbished 128-slice CT scanner featuring MRC Ice X-ray tube with 30 MHU anode heat capacity, 105 KW effective power with iDose, 40 mm coverage, up to 24 lp/cm spatial resolution, 0.4s scan time, patented Cone Beam Reconstruction Algorithm (COBRA), and iDOSE4 Premium Package.
• Magnet Pre-Cooling Services Service offerings including MRI pre-cooling bay, pre-cooling of warm magnets, helium filling, and magnet re-vacuuming for MRI systems.
• CT Refurbishing and Staging Services CT scan refurbishing services including slip ring maintenance, power supply calibrations, table overhauling, software maintenance, staging, QA tests, and tube and HV testing.
• Repair Lab Services Circuit board repair lab, gradient amplifier and RF amplifier repairs, power supply repairs, calibration, and software loading and testing services.
• MRI Simulation Lab Services RF amplifier testing and tuning, gradient amplifier repairs, power supply testing, MRI boards testing, and software loading services.
• MRI Coils Testing and Repairs Services Fault analysis, re-tuning of coils, repairs and testing services for MRI coils.
• Remote Diagnosis Services Remote system connectivity via internet for troubleshooting and fault analysis, enabling factory engineers to check and troubleshoot problems at customer sites, view and analyze error logs, and transfer calibration data and protocols. Reduces system downtime and increases defective-part identification accuracy.
• Spare Parts and Components Supply Sale of replacement X-ray tubes, HT transformers, circuit boards, and power supplies for various imaging modalities from a central inventory, providing cost-effective spares to customers and reducing their replacement costs.

Quantifiable outcome

• Reduced system downtime through remote diagnosis capability
• +1 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Atlantis Worldwide: Specialist in pre-owned MRI, CT, and PET systems, with full refurbishment, installation, and service capabilities. Closely mirrors Medirays' core hardware-and-service offering for diagnostic imaging customers.
• Block Imaging: US-based company specializing in refurbished MRI, CT, and other medical imaging equipment sales, service, and parts. Most direct comparable to Medirays in business model — pre-owned imaging resale with attached service and parts business — but operating primarily in North America.
• Soma Technology: Refurbished medical equipment provider offering imaging, surgical, and patient-monitoring systems with installation and service support. Highly comparable to Medirays' refurbished equipment + service model, with similar OEM-vendor structure across modalities.
• MedPro Healthcare Inc. Refurbished medical imaging equipment reseller with MRI, CT, ultrasound, and X-ray modalities, plus service contracts. Directly competes with Medirays in the pre-owned imaging segment with similar customer types (hospitals, imaging centers).

Broad incumbents

• Philips Healthcare: OEM whose systems (iCT 256-slice, Ingenuity 128-slice CT) Medirays refurbishes and resells. Operates a certified pre-owned program and full new-equipment sales/service, making Philips both a supplier of inventory and a competitor in the broader imaging market.
• Siemens Healthineers: Global imaging OEM with MRI, CT, and aftermarket service programs. Competes indirectly through certified pre-owned offerings and directly in new-equipment sales where Medirays' refurbished value proposition is positioned as the lower-cost alternative.
• GE HealthCare: OEM of the Signa 1.5T HDxT and 3.0T HDxT MRI systems that form Medirays' core inventory. Operates its own refurbished and new imaging businesses globally, serving the same hospital customers with broader portfolio and financing capability.
• Canon Medical Systems: Imaging OEM offering MRI, CT, ultrasound, and X-ray systems with global service networks. Provides the same categories of equipment that Medirays refurbishes, representing both an alternate source of pre-owned inventory and a full-line new-equipment competitor.

Regional players

• Kopp Medical Systems: Germany-based refurbisher of MRI, CT, and X-ray equipment with international export operations to emerging markets. Highly comparable to Medirays' business model but serving primarily EMEA customers, representing a regional rather than India-centric peer.

Emerging players

• ETS-Lindgren (MRI Safety): Provider of MRI patient-screening ferromagnetic detection systems and RF-shielded rooms. Directly competes with Medirays' FerroSafe product in the MRI patient-safety equipment category, particularly in developed markets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/medirays
• Facebookfacebook.com/medirays
• LinkedInlinkedin.com/company/medirays-corporation

Compliance1 record

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 Medirays Corporation