Motilal Oswal Alternates invests $72 million in Sensa Core Medical Instrumentation

Motilal Oswal Alternates today said it has made an investment of $72 million in Sensa Core, a medical devices’ company focused on advancing healthcare technology in India.

Founded in Hyderabad in 2006 by Dr. Ravi Kumar Meruva, Sensa Core is engaged in design (IP-driven), development, manufacturing and distribution of specialized in-vitro diagnostic devices.

The company claims to have achieved a wide adoption across more than 40,000 hospitals/diagnostic labs in India and exports to over 78 countries.

Sensa Core also offers Glucometers, Haemoglobin meters and has recently forayed in Arterial Blood gas Analysers. It operates a dedicated manufacturing facility in Hyderabad’s Export Promotion Industrial Park, Pashamylaram and will be commissioning a new manufacturing facility in Medical Device Park, Sultanpur, Hyderabad to augment capacity & build capability for new products.

The latest investment will enable Sensa Core to accelerate product development and expand its footprint globally.

Rohit Mantri, Managing Director and Co-Head of Private Equity at Motilal Oswal Alternates said, “India imports over 75% of its medical devices, with annual imports exceeding $8.5 billion. We firmly believe in fostering indigenous development and manufacturing in India for local needs and for ‘Make in India’ exports to the world .Sensa Core exemplifies India’s new era of homegrown medical device champions, driven by rising demand for high-quality, affordable and globally competitive products.”

Dr. Ravi Kumar Meruva, Chairman & Founder, and now Managing Director of Sensa Core said, “We are excited to enter the next phase of product innovation – advancing manufacturing automation while driving the conceptualization and execution of a diverse portfolio of point-of-care products. Built on deep expertise in electrochemistry and bio-analytical transducers, Sensa Core brings together industrial design, mechanical, electrical, electronics, software, and chemistry disciplines under one roof to create integrated, high-quality solutions.”

“With a strong focus on expanding access to healthcare, we believe affordability can be achieved through local manufacturing and large-scale production. The investment from Motilal Oswal Alternates reinforces confidence in our vision. Their commitment to supporting India-first companies with global ambition aligns strongly with our mission, and this partnership positions Sensa Core to evolve into a global institution of excellence.”

Sensa Core was advised by Veda Corporate Advisors on the transaction.