Pristyn Care Aims for Profitability and IPO Within Three Years
Gurgaon-based healthtech company Pristyn Care is aiming for profitability within the next six months and an initial public offering (IPO) within three years. The company is targeting a 3-4 times increase in revenue in the next three years, driven by its medical devices business and expansion in key operational areas.
Despite a recent 7% workforce reduction to streamline operations, Pristyn Care anticipates profitability in its surgery business within the next two quarters and its direct-to-consumer brand within the subsequent three to four quarters. The company is focusing on cost optimization and maximizing efficiency to enhance its financial performance.
Pristyn Care plans to concentrate its efforts on its top 10 cities for deeper market penetration instead of expanding to new locations. While metros like Delhi and Bangalore are high-priority targets, the company is also looking at Tier-II towns such as Coimbatore, Kochi, Pune, and Bhubaneswar.
The company operates surgical centers in 30 Indian cities, with its D2C offerings reaching audiences across 30,000 PIN codes. Key performing cities include Delhi, Bangalore, Hyderabad, Chennai, Pune, Patna, Coimbatore, Bhubaneswar, and Kochi. Pristyn Care prioritizes strengthening its presence in these areas rather than expanding into new territories.
Pristyn Care deals in minimally invasive medical and surgical interventions. It has a network of more than 700 partnered hospitals and 100 clinics. The company was started in 2018 and covers proctology, gynaecology, IVF, urology, vascular, otorhinolaryngology, laparoscopy, anaesthetics, and ophthalmology.