DMD Advocates advises Tata Capital Healthcare Fund on ₹170 crore investment in Harsoria Healthcare

DMD Advocates advised Tata Capital Healthcare Fund II in leading a ₹170 crore investment round in Harsoria Healthcare Private Limited.

DMD Advocates scope of work encompassed conducting legal due diligence on Harsoria Healthcare, as well as drawing up the transaction documentation.

The transaction was led by Vihang Virkar (Lead Partner) along with Monika Deshmukh (Partner), Pooja Shah (Principal Associate), Vanshikha Choraria (Associate), Disha Jain (Associate), and Parizad Irani (Associate).

This funding round saw participation from marquee investors, including Utpal Sheth, Ashish Kacholia and associates, and the LNB Group. Harsoria Healthcare plans to utilise the capital to expand its manufacturing capacities, enhance research and development efforts, and drive business development.

Tata Capital Healthcare Fund is a private equity fund managed by Tata Capital, a subsidiary of Tata Sons Limited. It focuses on investing in promising companies within the Indian healthcare sector, including pharmaceuticals, medical devices, and healthcare services.  

The fund aims to support the growth and development of innovative healthcare companies in India by providing them with the necessary capital and strategic guidance. Tata Capital Healthcare Fund has a track record of successful investments in the Indian healthcare sector

Harsoria Healthcare Pvt Ltd is a prominent medical devices manufacturer based in Gurgaon, India. Established in 2002, the company specializes in producing high-quality, single-use medical devices that are primarily exported to over 50 countries worldwide. Harsoria is recognized for its commitment to innovation and quality, holding ISO 13485 certification and CE marking for its products, which comply with international standards for medical devices

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