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- Meril Life
Meril Life Revenue, Valuation, Funding & Investors
Meril Life is valued at $6.6B as of July 2025. Meril Life revenue was $137M, as disclosed with its February 2022 round.
Last Meril Life valuation
$6.6B
Strategic investment · Jul 2025
Last Meril Life funding round
$200M
Strategic investment · Jul 2025
Meril Life revenue
$137M
Undisclosed stage · Feb 2022
Key investors in Meril Life
Warburg Pincus
Abu Dhabi Investment Authority
Anchorage Capital Partners
Volrado Venture Partners
About Meril Life
Meril Life Sciences is an Indian medical-device maker headquartered in Vapi, Gujarat, founded in 2006 by the Bilakhia Group and held through the healthcare holding company Micro Life Sciences Private Limited. Its products span cardiovascular and structural heart devices, including the Myval transcatheter aortic valve launched in December 2018, orthopaedic implants, endo-surgery, in-vitro diagnostics and surgical robotics such as the MISSO system. Meril sells in about 150 countries through more than 35 subsidiaries and employed over 13,000 people in July 2025. It earns revenue from product sales to hospitals and distributors. ICRA reported consolidated revenues of Rs 4,902.9 crore and CARE Ratings PBILDT of Rs 1,293 crore for the year to March 2025. Warburg Pincus invested about US$210 million in 2022, alongside Anchorage Capital Partners and Volrado Venture Partners, and the Abu Dhabi Investment Authority agreed in July 2025 to invest US$200 million for about 3 percent at an enterprise value of US$6.6 billion.
Founded
2006
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$137M (Feb 2022)
Valuation
$6.6B (Jul 2025)
Sectors
Meril Life Valuation
Meril Life is currently valued at $6.6B, based on its strategic investment round in July 2025. Read the announcement ↗
The $200M round included Abu Dhabi Investment Authority.
Meril Life's valuation has grown 3.7x from $1.8B at its undisclosed-stage round in February 2022 to $6.6B in July 2025, across 2 priced rounds.
Meril Life valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2025 | Strategic investment | $6.6B | - |
| Feb 2022 | Undisclosed stage | $1.8B | 13.1x |
Meril Life Revenue
Meril Life's latest recorded revenue is $137M, as of its undisclosed-stage round in February 2022. At a $1.8B valuation, that implies a 13.1x revenue multiple.
Meril Life revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Feb 2022 | $137M | $1.8B | 13.1x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Meril Life Funding History
Meril Life has raised a total of $400M across 2 funding rounds.
Meril Life's first fundraising round was a $200M undisclosed-stage round in February 2022. The most recent completed round was a $200M strategic investment round in July 2025.
Meril Life funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Strategic investment | Abu Dhabi Investment Authority | $200M | $6.6B | ADIA signed a definitive agreement to invest USD 200 million in Meril Life Sciences for an approximately 3% minority position. The reported terms implied an enterprise or equity value near USD 6.6 billion, while control remained with the company’s existing owners and management. Meril said the capital would support research, manufacturing and international expansion across cardiovascular, orthopaedic, surgical and diagnostic products. The Indian medical-device company sells in more than 150 markets and has developed products including transcatheter heart valves, implants, diagnostics and surgical robotics. The transaction represented institutional growth capital for a regulated healthcare manufacturer rather than a sponsor-led buyout. The stored date reflects the counterparty announcement date; it is not inferred from a URL or publication identifier. |
| Feb 2022 | Undisclosed stage | Warburg Pincus (lead); Anchorage Capital Partners; Volrado Venture Partners | $200M | $1.8B | Warburg Pincus signed a definitive agreement on 22 February 2022 to invest about US$210 million for a minority stake in Micro Life Sciences Private Limited, the parent of the Meril medical-device group, through its Dutch affiliate South Elm Investments B.V. The deal was subject to Competition Commission of India approval and was expected to value the business at about US$1.8 billion. According to an ICRA rating report, a group of private equity investors made up of Warburg Pincus, Anchorage Capital Partners and Volrado Venture Partners put Rs 1,900 crore into Micro in the first half of FY2023, Rs 1,427.5 crore of equity and Rs 472.5 crore of compulsory convertible preference shares, equal to 14.05 per cent on a fully diluted basis. About Rs 950 crore was used to repay promoter-level debt. Meril, founded by the Bilakhia family in 2006, makes cardiovascular, orthopaedic, endo-surgery and in-vitro diagnostic products and surgical robots, and at the time employed about 4,000 people and did business in more than 100 countries. Micro's consolidated operating income was Rs 1,032 crore in FY2021. |
Who has invested in Meril Life?
4 investors have backed Meril Life across its funding rounds, including Warburg Pincus, Abu Dhabi Investment Authority, Anchorage Capital Partners and Volrado Venture Partners.
Lead investors include Warburg Pincus.
Meril Life Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Feb 2022 | ||
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Start Free TrialMeril Life Competitors
Meril Life competitors include listed companies like Bausch + Lomb, Abbott India and BillionToOne, and private ones like Neuralink, MiRus and Pulse.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $5.1B | $513M | $7.1B | 2.2x | ||
| Publicly listed | $728M | $201M | $5.7B | 7.2x | ||
| Publicly listed | $305M | $12M | $5.3B | 11.5x | ||
| Private | - | - | $9B | - | ||
| Private | - | - | $4.4B | - | ||
| Private | - | - | $4.3B | - |
Meril Life Public Comps
Meril Life is still privately-owned, but its public comps include Cochlear, Sectra, Ypsomed, Convatec Group, Asahi Intecc, Bausch + Lomb, Teleflex, Snibe, Horiba and Sysmex.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.6B | $226M | 4.0x | 4.0x | 29.3x | 17.9x | |||
| $360M | $84M | 18.3x | 16.5x | 78.9x | 68.0x | |||
| $887M | $395M | 7.4x | 7.4x | 16.6x | 17.1x | |||
| $2.4B | $513M | 3.2x | 3.1x | 15.4x | 11.6x | |||
| $922M | $340M | 6.3x | 6.1x | 17.1x | 16.3x | |||
| $5.1B | $513M | 2.3x | 2.2x | 23.1x | 11.0x | |||
| $2B | $296M | 4.3x | 3.8x | 28.7x | 16.6x | |||
| $688M | $304M | 10.0x | 9.2x | 22.7x | 20.0x | |||
This data is available for Pro users. Sign up to see all Meril Life competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Meril Life
| When was Meril Life founded? | Meril Life was founded in 2006. |
| Where is Meril Life headquartered? | Meril Life is headquartered in Vapi, India. |
| Is Meril Life publicly listed? | No, Meril Life is a private, VC-backed company. |
| What is Meril Life's valuation? | Meril Life was last valued at $6.6B in its strategic investment round in July 2025. |
| How much funding has Meril Life raised? | Meril Life has raised $400M across 2 funding rounds. |
| What was Meril Life's last funding round? | Meril Life's last funding round was a $200M strategic investment round in July 2025. |
| Who are Meril Life's investors? | Meril Life's investors include Abu Dhabi Investment Authority, Anchorage Capital Partners, Warburg Pincus and Volrado Venture Partners. |
| What is Meril Life's revenue? | Meril Life's latest recorded revenue is $137M (February 2022). |
| What is Meril Life's revenue multiple? | Meril Life's latest valuation implies a 13.1x revenue multiple ($1.8B valuation on $137M of revenue). |
| Which companies are comparable to Meril Life? | Companies comparable to Meril Life include Bausch + Lomb, Abbott India, BillionToOne, Neuralink, MiRus and Pulse. |
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