Laxmi Dental Ltd Company Summary

Laxmi Dental Ltd Summary

Laxmi Dental Limited was incorporated as Laxmi Dental Export Private Limited dated July 8, 2004, issued by the Assistant Registrar of Companies, Maharashtra at Mumbai. In June, 2024, the Company name was changed to Laxmi Dental Private Limited, and a fresh Certificate of Incorporation was issued to Company by the RoC on July 24, 2024. Thereafter, it has converted into a Public Company as Laxmi Dental Limited, vide certified dated August 02, 2024, issued by the RoC.The Company is a manufacturer of dental products including custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets and aligner related products as a part of aligner solutions, and paediatric dental products. It manufacture dental products across six manufacturing facilities. Primary dental products offered by the laboratory include custom made dental prosthesis such as metal free crowns and bridges, including our range of branded premium zirconia crowns and bridges Illusion Zirconia, porcelain fused to metal (PFM) crowns, bridges, and dentures.The Company is promoted by Rajesh Vrajlal Khakhar, who founded the Company as a dental laboratory business on July 8, 2004, and expanded its reach domestically and internationally. In 2011, the Company moved to a bigger manufacturing facility at Kandivali Co-operative Industrial Estate Limited in Mumbai. The foreign subsidiary, Laxmi Dental Lab USA, Inc was incorporated in 2012.The Company got its first ISO 13485:2016 certification to certify the quality management system of medical devices in 2015. The Illusion Dental Laboratory Division moved to Mira Road, an expanded manufacturing plant in 2016. The Company established Vedia Solutions Division on February 1, 2019, a product manufacturing company for producing taglus thermoforming sheets, 3D printing resins, thermoforming machines & aligner accessories in 2019.The Company in 2021, acquired 60% stake in Jointly Controlled Entity, Kids-E-Dental LLP for engaging in business of dental services and products in the paediatric division. The Vedia Solutions Division got its first ISO 13485:2016 certification to certify the qualitymanagement system of medical devices in 2021. It launched clear aligners under the brand Illusion Aligners which is the first Indian brand to receive 510(k) clearance from US FDA in 2021.The Company is planning an Initial Public Issue by raising funds from public through equity aggregating to Rs 150 Crore by fresh issue and by issuing 12,826,847 Equity Shares through offer for sale.