When was SMT founded?

SMT was founded in 1998 and raised its 1st funding round 11 years after it was founded.

Where is SMT located?

SMT is headquartered in Surat, India. It is registered at SAHAJANAND ESTATE, WAKHARIA WADI NR. DABHOLI CHAR RASTA, NANI VED, VED RO, AD, Surat, Gujarat, India, 395004.

Which legal entities is SMT associated with?

SMT is associated with SAHAJANAND MEDICAL TECHNOLOGIES LIMITED.

How many employees does SMT have?

As of Jan 31, 2025, SMT has 2110 employees, reflecting a 7% year-over-year growth in headcount.

Is SMT a funded company?

SMT is a funded company, having raised a total of $93.5M across 5 funding rounds to date. The company's 1st funding round was a $***** Unattributed round, raised on Mar 20, 2009.

How much is SMT worth?

The latest valuation of SMT is ₹***** as of Feb 07, 2023.

When was the latest funding round of SMT?

SMT's latest funding was a $***** Unattributed round on Jan 19, 2023, with participation from 1 investor.

What is the annual revenue of SMT?

Annual revenue of SMT is more than ₹1,000 Cr as on Mar 31, 2025

Where does SMT rank among its competitors?

SMT ranks 1st amongst 126 active competitors, of which 35 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Thrombolex, which secured $50M in Feb, 2026.

Who are the top competitors of SMT?

SMT's top competitors include Aortyx, Thrombolex and Medyria. Among them, Thrombolex secured the most recent funding round in February, 2026.

SMT - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Manufacturer of minimally invasive cardiovascular devices including coronary and structural heart. It provides devices such as coronary stents, balloon dilatation catheters, and aortic valves. It also offers occluders for septal defects, patent foramen ovale, ductus arteriosus, and ventricular septal defects. The company provides accessories like inflation devices and aspiration catheters.

Website: smtpl.com
Social
Email ID: *****@smtpl.com
Phone Number: +91 **********
Registered Address: SAHAJANAND ESTATE, WAKHARIA WADI NR. DABHOLI CHAR RASTA, NANI VED, VED RO, AD, Surat, Gujarat, India, 395004

Key Metrics

Founded Year

1998

Location

Surat, India

Stage

Late Stage

Total Funding

$93.5M in 5 rounds

Latest Funding Round

Unattributed, Jan 19, 2023, $*****

Post Money Valuation

₹***** as on Feb 07, 2023

Investors

Samara Capital & 106 more

Ranked

1^st among 126 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

2,110 as on Jan 31, 2025

Investment & Acquisitions

Vascular Concepts

Similar Companies

Aortyx & 161 more

View SMT's full profile

SMT is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SAHAJANAND MEDICAL TECHNOLOGIES LIMITED CIN: U33119GJ2001PLC040121 , India, Active	Oct 18, 2001	₹1,000+ Cr (As on Mar 31, 2025)	1024 (As on May 01, 2026)

SMT has raised a total funding of $93.5M over 5 rounds. Its first funding round was on Mar 20, 2009. Its latest funding round was a Unattributed round on Jan 19, 2023 for $*****. 1 investor participated in its latest round. SMT has 14 institutional investors and 93 angel investors.

Here is the list of recent funding rounds of SMT:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 19, 2023	7104445	Unattributed	2496805	5591173	8250374	4913601
Jan 12, 2022	5417729	Unattributed	5783390	2098562	2046639	Plutus. & 1 more
Dec 28, 2017	3076468	Unattributed	6592267	9669363	Samara Capital & 2 more	3861449

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View details of SMT's funding rounds and investors

SMT's Board of Directors

SMT's board has 6 active members. Bhargav Kotadia and Dhirajlal Vallabhbhai Kotadia are part of team and Lalit Chandra Reddy, Vandana Bharat Patravale, Shukla Wassan and Laxmana Ranjal Shenoy are independent board members.

Here is the list of SMT's board of directors:

Name	Type	Representing	Status	Duration
Bhargav Kotadia	Team	-	Current	13y 1m
Dhirajlal Vallabhbhai Kotadia	Team	-	Current	22y 3m
n{{hhem	Team	-	Past	6y 4m
suwyjtd	Team	-	Past	3y 8m
j{ktjjw	Investor	pmsyuzx	Past	1y 7m
wwilmhk	Independent board member	-	Past	8y 1m
tom{lkv	Independent board member	-	Past	8y 5m
zpkrbqu	Independent board member	-	Past	8y 4m
etssbvn	Independent board member	-	Past	9y 4m
irks{vg	Independent board member	-	Past	4y 5m
tviwqyu	Independent board member	-	Past	1y 6m
cffesof	Independent board member	-	Past	6y 8m

SMT's employee count trend

SMT has 2,110 employees as of Jan 25. The total employee count is 7.0% more than what it was in Jan 24. Here is SMT's employee count trend over the years:

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Top competitors of SMT include Aortyx, Thrombolex and Medyria. Here is the list of Top 10 competitors of SMT, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	SMT 1998, Surat (India), Late Stage	Manufacturer of minimally invasive cardiovascular devices including coronary and structural heart	$93.5M	SBI Mutual Fund, Lucky Investment Managers ... & 105 others	71/100
2nd	Aortyx 2018, Barcelona (Spain), Series A	Developer of smart devices for aortic diseases	$15.8M	Clave, Ship2B Ventures & 8 others	54/100
3rd	Thrombolex 2016, Doylestown (United States), Series A	Developer of endovascular catheters for acute venous thromboembolic conditions	$67.8M	Orbimed, HHS	54/100
4th	Medyria 2012, Winterthur (Switzerland), Series B	Developer of technology for endovascular catheter navigation and sensing	$12.3M	Verve Ventures, Yellowstone Holding & 9 others	53/100
5th	Terumo Medical 1921, Shibuya (Japan), Funding Raised	Provider of a portfolio of medical devices for interventional cardiology	-	USAGov, BCM Technologies	52/100
6th	Vascular Solutions 1997, Minneapolis (United States), Acquired	Products for vascular diagnostics and interventional procedures	$12M	SpringRock Ventures, Stephens & 3 others	52/100
7th	iHeart 2013, Kyoto (Japan), Series D	Experts in regenerative medicine	$5.44M	Japan Asia Investment, Miyako Capital & 5 others	51/100
8th	Cardiovascular Systems 1989, Saint Paul (United States), Acquired	Developer of devices for treating peripheral and coronary vascular disease	$121M	Maverick Ventures, Mitsui Global Investment ... & 6 others	50/100
9th	Sonovascular 2017, Chapel Hill (United States), Series A	eveloper of a medical device to treat arterial and venous diseases	$6M	NC State University, Harbright Ventures & 1 others	50/100
10th	Spectranetics GSM 1984, Colorado Springs (United States), Acquired	Healthcare technology leader improving health through meaningful innovation	-	Novo Holdings, USVP & 1 others	50/100

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Founders own 0.00%, Funds (largest shareholder) own 38.18%, Parent Entities own 33.10% and Enterprises own 16.23%. The net worth of SMT's founders is INR 13.5L as of Feb 07, 2023.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	0.00%	13.5L	0	0	0	0
Fund	38.18%	1,040Cr	9205394	9336071	7421234	1184189
Samara Capital	6338638	5690041	9949349	5855298	9370152	6456334
Kotak Mahindra Bank	764921	999534	705441	530173	715979	310856
Plutus.	0	0	0	0	0	0
SBI Mutual Fund	0	0	0	0	0	0
Parent Entity	33.10%	903Cr	1613413	7516243	5500944	9876376
Enterprise	16.23%	443Cr	5863358	7623335	3118803	4126404
Angel	4.14%	113Cr	7994	3837	7795	8609
Other People	8.35%	228Cr	8087876	2989934	9590092	7704274
Total	100.00%	2,730Cr	5854759	9808251	4855619	1180165