Chandigarh: In a major development for Punjab’s corporate sector, Mohali-based Tynor Orthotics, India’s leading orthopaedic support and rehabilitation brand, is set to receive a strategic investment of $200 million from Kedaara Capital.
Notably, Tynor, is India’s number 1 doctor-recommended orthopaedic supports, mobility aids, sports performance enhancement solutions, and rehabilitation solutions brand, uniquely positioned at the intersection of med-tech and everyday consumer health. Founded in 1993, Tynor has grown exponentially with an extensive reach spanning over 300,000 retail outlets and 8,000 hospitals across 60 countries. Tynor’s products have supported more than 100 million lives making healthcare affordable and accessible.
Dr. P.J. Singh and A.J. Singh, Promoters of Tynor, said, “With absolute pride and a heart full of joy, we welcome Kedaara Capital. Big aspiration of Tynor to become the leader of global south and an indispensable supply chain partner for Global north shall now be achieved by having Kedaara as a partner. The agility of Kedaara and robust process approach of Tynor shall bring an unprecedented trajectory of growth. Kedaara would further augment what Thuasne® initiated and Lighthouse nurtured. We are excited, indeed.”It is important to state that Tynor also operates three state- of-the-art facilities across 6.5 lac sq. ft. with its best-in- class lean manufacturing capabilities to deliver global- grade products at competitive prices.
Sunish Sharma, Founder and Managing Partner, Kedaara Capital, said, “India’s medical devices sector is among the fastest-growing in the world, and Tynor represents a rare opportunity to partner with a clear category leader in orthopaedic supports and rehabilitation. We have long admired Dr. P.J. Singh and Mr. A.J. Singh for building a company anchored in strong values, robust systems and disciplined processes. We are privileged to partner with them and Thuasne® to unlock Tynor’s full potential.”
Notably, Kedaara will work closely with the promoters, Dr. P.J. Singh and Mr. A.J. Singh, collegium and professional management team comprising Mr. Paras Bafna, Group CFO, Dr. Parmod Lamba, Group CHRO, Mr. Jaspreet Singh, Head-Supply Chain Management(SCM) and long-standing strategic partner Thuasne® to build a leading ortho-focused wellness platform. The strategic investment aims to deepen the brand’s reach across India, expanding its presence in international markets, and continuing to invest in world-class, efficient manufacturing, as the Company enters its next phase of growth.Elizabeth Ducottet, Chairman of the Thuasne® Group, said: “Our partnership with Tynor began more than fifteen years ago, driven by a shared belief in the potential of the Indian market and a common ambition to make high-quality orthopaedic solutions accessible to more patients. Since then, we have seen Tynor develop into an outstanding company and a recognised leader in India.”Delphine Hanton, CEO of the Thuasne® Group, said: “The arrival of Kedaara opens a new chapter in this journey. By bringing together Tynor’s entrepreneurial and industrial strengths, Kedaara’s investment and scaling capabilities, and Thuasne’s international expertise in orthopaedics, we have a strong foundation to accelerate Tynor’s development in India and internationally.
Rochelle Dsouza, Partner, Lighthouse Funds, said, “It has been a privilege to partner with Dr. P.J. Singh, Mr. A.J. Singh and the Tynor team over the past eight years. Their commitment to product quality, and to the doctors and patients they serve, is what has made Tynor the leader it is today. We wish the Company and its new partners at Kedaara every success in the years ahead.”
