Pristyn Care, led by co-founder Harsimarbir Singh, is on a mission to achieve profitability and prepare for an initial public offering (IPO) within the next three years. Despite its youth, the company has achieved notable success in its medical devices business, with $6 million in revenue generated in just the past six months. Singh has ambitious revenue targets, aiming for over Rs 100 crores this year and eyeing a substantial increase in revenue that could potentially reach Rs 3,000 to Rs 4,000 crores before entering the IPO market.
To optimize its operations and drive profitability, Pristyn Care recently announced a 7% reduction in its team to streamline operations and reduce fixed costs. The company, which specializes in elective surgery services, anticipates profitability in its surgery business within the next two quarters, with plans for its direct-to-consumer brand to follow suit within the subsequent three to four quarters. Through cost optimization and operational efficiency enhancements, Pristyn Care is focused on enhancing its financial performance while expanding its market presence.
In a strategic shift, Pristyn Care is concentrating on cost optimization and growth in crucial operational areas to drive its financial performance. The company plans to focus on its top 10 cities for deeper market penetration rather than expanding into new locations. Cities like Delhi, Bangalore, Coimbatore, Kochi, Pune, and Bhubaneswar are among the high-priority targets for Pristyn Care, as it looks to scale operations and capitalize on untapped market opportunities. The company currently operates surgical centers in 30 Indian cities, with D2C offerings reaching audiences across 30,000 PIN codes. The emphasis is on strengthening its presence in existing markets while also targeting expansion into Tier-II cities to deepen its market reach.