The Bangalore-based company makes surgical meshes, surgical gloves, surgical paper tapes and two way Foley catheters.
Head of India at TPG Growth Vishwarupe Narain said, “Given existing gaps in the Indian healthcare delivery services, the medical devices market is poised for growth with a market size of roughly $3bn.
“We believe that Sutures India is well positioned to take advantage of the macro drivers and look forward to partnering in the company’s growth to achieve its goals.”
Earlier this month it was reported that TPG Capital and Warburg were set to make a return of about 2.5 times on their investment in luxury goods retailer Neiman Marcus through its $6bn sale to Ares Management.
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