Fischer Medical Ventures Ltd Company Summary

Fischer Medical Ventures Ltd Summary

Fischer Medical Ventures Limited is emerging as a leading player in the trading of MRI systems. Headquartered in the Andhra Pradesh MedTech Zone (AMTZ) in Vishakhapatnam, India, Company is pioneering the development of advanced, affordable, and accessible medical diagnostic and imaging technologies, through its wholly owned subsidiary. In partnership with the wholly owned subsidiary, it has established a significant international footprint, operating across multiple continents and key markets. With a network of manufacturing facilities, distribution channels, and service partners, Company provides MRI solutions to healthcare providers worldwide. This global reach demonstrates its commitment to enhancing medical imaging accessibility for patients around the world.Fischer Medical Ventures Limited was initially incorporated as Fischer Chemic Limited on March 22, 1993 and obtained the Certificate of Commencement of Business. The Company formed an agreement with the Partnership Firm M/s. Fischer Inorganics & Aromatics, Chennai to take over the partnership business as a going concern dated 19 January, 1994. The partnership firm was engaged in the processing/Manufacturing of Laboratory Grade Chemicals. Now, the name of the Company has changed to Fischer Medical Ventures Limited on March 29, 2024. The Company was incorporated primarily to be engaged in the business of manufacturing of Chemicals. Pursuant to the change in Objects of the Company, there has been change in Nature of Business to developing and trading of Medical Equipment includingthe cutting edge Magnetic Resonance Imaging (MRI) systems in India. The Company has acquired a leading innovator in radiology equipment including Mobile X-Ray Machines, Fixed X-Ray Machines, Computed Radiography Systems, and Digital Radiography Systems in FY 2024. It also acquired a firm specialising in providing IT and digital solutions, offering services such as IT consulting, software development, data analytics, and digital transformation. Further, it acquired a company that has revolutionised the animal vaccination industry with its ground-breaking delivery methods in FY24. Time Medical International Ventures (India) Private Limited was incorporated a subsidiary of the Company on January 25, 2024.