Pristyn Care, headquartered in Gurgaon, has set ambitious goals to achieve profitability within the upcoming six months, alongside eyeing an initial public offering (IPO) within the next three years. Co-founder Harsimarbir Singh highlighted the company's plans to significantly increase revenue over the next three years, with a focus on the medical devices business that has already generated $6 million in the past six months. The company anticipates crossing Rs 100 crores in revenue this year, up from Rs 900 crores, and aims to enter the IPO market with revenues potentially reaching Rs 3,000 to Rs 4,000 crores.
Despite announcing a reduction in the team by 7%, Pristyn Care is optimistic about achieving profitability in its surgery business within the following two quarters, extending to its direct-to-consumer branch in the subsequent three to four quarters. The company is strategically focusing on cost optimization and operational efficiency enhancements to improve financial performance while expanding its market footprint.
In terms of operational expansion, Pristyn Care is concentrating on key areas, specifically targeting growth in its top 10 cities for deeper market penetration instead of expanding to new locations. Prioritizing high-priority targets like Delhi and Bangalore, the company also has its sights set on Tier-II towns such as Coimbatore, Kochi, Pune, and Bhubaneswar. By operating surgical centers in 30 Indian cities and reaching audiences across 30,000 PIN codes with direct-to-consumer offerings, Pristyn Care is emphasizing consolidation and deepening its presence in existing markets for sustained growth.