VMP Chennai (Tamil Nadu) [India], April 10: Appasamy Associates Pvt. Ltd., a leading Indian manufacturer of ophthalmic instruments and equipment in India, today announced that Warburg Pincus, a leading global growth investor, has acquired a stake in the company. This is the largest investment by the company in the healthcare sector in India. Based in Chennai, India, Appasamy is the largest Indian manufacturer of ophthalmic instruments and intraocular lenses (IOLs). The company is present in the entire value range of ophthalmic devices – diagnostic, surgical instruments and IOLs.Its vertical integration in manufacturing and its strong R&D capabilities allow the company to offer products meeting global standard at comparatively affordable prices, positioning itself as the industry leader in the lucrative ophthalmic devices market in India. With the work in place, Appasamy is well-positioned to capitalize on opportunities that emerge from the product. Innovation, and growth in export markets. Appasamy will be led by recently appointed CEO Senthil Kumar, who will drive the business forward with the support of the promoter family and I will partner with Warburg Pincus. Arvind Kasturi from the promoter family of Appasamy said, “It is a case of remarkable growth over the last 40+ years, from having just an idea with PSN Appasamy as its founder to becoming a leading player in the Indian and world ophthalmology sector, We are thrilled to see the growth of Appasamy as we take Appasamy to the next level of growth, so we have the support of Warburg Pincus as well as a like-minded partner like Senthil Kumar, Head of India Private Equity at Warburg Pincus Narendra Ostawal said, “For 4 years, promoter of Appasamy.has built a strong enterprise that has emerged as a leading provider of affordable, high-quality offerings across the entire spectrum of ophthalmic products spanning instruments, lenses, pharmaceuticals and surgical instruments. Warburg Pincus recognizes the immense potential in this sector and has great respect for the company's ethos, aspirations and vision. The promoters and management team have a distinguished history of successfully running businesses in the ophthalmic industry. Senthil brings great strengths to building and scaling teams and products across different geographies, and we are excited to collaborate with him on the next phase of Appasamy's growth." We are seeing a period of strong growth.The healthcare sector, particularly ophthalmology, and we expect to see significant opportunities in both the domestic and export markets. As A. Appasamy progresses into this new era of expansion, we are excited to partner with Warburg Pincus given the firm's global expertise in healthcare and long-term business-building focus in India. Nuvama Investment Banking acted as the exclusive financial advisor for this transaction, Warburg Pincus is one of the early private equity investors that identified India as a high growth region in Asia and is one of the most active private equity growth investors in India. Remain one of the. subcontinent over the last 25+ years. Some of the firm's investments in the Indian healthcare sector include Merrill Life Sciences, MedPlus, Laurus Labs and Metropoly Healthcare.About Appasamy Established in 1978 and headquartered in Chennai, Appasamy Associates is present across the entire value chain of ophthalmic instruments – diagnostic, surgical instruments and IOLs, and caters to the domestic and export markets. The company is vertically integrated in manufacturing and strong R&D capabilities enable it to offer products meeting global standards at comparatively affordable prices. Since its inception Appasamy has been 100% owned and managed by the five founding families. For more information, please visit https://www.appasamy.com/.[https://www.appasamy.com/