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

Meril Life Overview

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

IndiaVapi

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$137M (Feb 2022)

Valuation

$6.6B (Jul 2025)

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
Meril Life valuation by funding round
DateStageValuationRevenue Multiple
Jul 2025Strategic investment$6.6B-
Feb 2022Undisclosed stage$1.8B13.1x

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

Meril Life revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Feb 2022$137M$1.8B13.1xUndisclosed 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

Meril Life funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2025Strategic investmentAbu Dhabi Investment Authority$200M$6.6BADIA 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 2022Undisclosed stageWarburg Pincus (lead); Anchorage Capital Partners; Volrado Venture Partners$200M$1.8BWarburg 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

Investors in Meril Life by funding rounds participated
InvestorHQRoundsRoleFirst check
Abu Dhabi Investment AuthorityUAEAbu Dhabi1ParticipantJul 2025
Anchorage Capital PartnersAustraliaSydney1ParticipantFeb 2022

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Meril Life Competitors

Meril Life competitors include listed companies like Bausch + Lomb, Abbott India and BillionToOne, and private ones like Neuralink, MiRus and Pulse.

Public and private companies comparable to Meril Life
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Bausch + LombCanadaCanadaPublicly listed$5.1B$513M$7.1B2.2x
Abbott IndiaIndiaIndiaPublicly listed$728M$201M$5.7B7.2x
BillionToOneUnited StatesUnited StatesPublicly listed$305M$12M$5.3B11.5x
NeuralinkUnited StatesUnited StatesPrivate--$9B-
MiRusUnited StatesAtlanta, GAPrivate--$4.4B-
PulseChinaShanghaiPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Cochlear$1.6B$226M4.0x4.0x29.3x17.9x
Sectra$360M$84M18.3x16.5x78.9x68.0x
Ypsomed$887M$395M7.4x7.4x16.6x17.1x
Convatec Group$2.4B$513M3.2x3.1x15.4x11.6x
Asahi Intecc$922M$340M6.3x6.1x17.1x16.3x
Bausch + Lomb$5.1B$513M2.3x2.2x23.1x11.0x
Teleflex$2B$296M4.3x3.8x28.7x16.6x
Snibe$688M$304M10.0x9.2x22.7x20.0x

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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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