Written by : Dr. Aishwarya Sarthe
December 27, 2023
This expansion not only strengthens Tynor's position in the healthcare sector but also contributes to economic growth by generating approximately 3000 jobs. The initiative particularly empowers underprivileged women, aligning with Tynor's commitment to fostering job creation in the region.
Punjab-based Tynor Orthotics, an Indian manufacturer of cost-effective orthopaedic appliances, has launched an advanced manufacturing facility in Mohali, Punjab, with a strategic investment of INR 800 Cr.
The newly inaugurated facility, covering an expansive area of 240,000 square feet, reflects a significant expansion for Tynor.
The focus is on diversifying the product range to include various healthcare solutions, such as mobility aids, hot and cold therapy, traction kits, advanced knee braces, finger splints, silicone and foot care, cervical aids among others.
This expansion not only strengthens Tynor's position in the healthcare sector but also contributes to economic growth by generating approximately 3000 jobs. The initiative particularly empowers underprivileged women, aligning with Tynor's commitment to fostering job creation in the region.
Further, the manufacturing facility incorporates cutting-edge technology, utilising advanced processes such as ultrasonic welding and radio frequency sealing. This lean manufacturing approach minimises lead time while ensuring high-quality products for consumers.
Tynor, headquartered in Mohali, has been actively collaborating with the Indian government to boost the domestic orthopaedics market.
In 2020, the company entered into a strategic partnership with the Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) in Trivandrum, Kerala, aimed at co-developing orthotic devices and promoting joint research programs in orthotics and rehabilitation.
This collaboration aligns with the Indian government's vision of achieving a self-reliant India, known as Atmanirbhar Bharat.
In a previous funding round in 2018, Tynor Orthotics secured INR 143 Cr from private equity fund Lighthouse Funds and Thuasne Participations, a French manufacturer of wearable medical devices.