Futura Medtech, a portfolio company of Jashvik Capital, announced a strategic investment in Rivarp Medical on April 28, 2026. This represents the third investment under the Futura Medtech platform, following Dolphin Sutures (October 2024) and Suture Planet (July 2025), advancing the strategy of building a scaled, multi-category medical devices business.
Company Profile (Updated April 2026)
Rivarp Medical Private Limited is a fast-growing medical device manufacturer headquartered in Bengaluru, Karnataka, India. The company was incorporated in 2015 (CIN: U33110KA2015PTC081433) and founded in 2016 by M.T. Naidu (Mavidipalli Thyagarajulu Naidu), a veteran with over 30 years of experience in the medical device industry. Rivarp specializes in the R＆D, manufacture, and sales of high-quality medical devices and implants in therapeutic areas of interventional cardiology, spine implants, neurosurgery, and critical care management. The company is committed to the Government of India's "Make in India" initiative, combining in-house manufacturing capabilities with international regulatory standards.
Development History:
- 2015: Company incorporated in Karnataka, India (CIN: U33110KA2015PTC081433)
- 2016: Founded by M.T. Naidu in Bengaluru; began operations focusing on orthopaedic and cardiology device manufacturing
- 2016-2025: Built a differentiated product portfolio across spine, cardiology, and critical care; established in-house manufacturing facility in Bangalore accredited by BSI for ISO 13485:2016 and ISO 9001:2015
- 2025: ACHieved comprehensive international regulatory registrations including EU MDR and US FDA certifications; manufacturing facility approved by CDSCO for Class-A, B, C, and Class-D medical devices
- 2026 (April): Received strategic investment from Futura Medtech (backed by Jashvik Capital) to accelerate growth, innovation, and distribution reach
Core Mission: To connect technology to healthcare solutions by delivering innovative, high-quality, and affordAble medical devices that improve patient outcomes for surgeons and clinicians across India and international markets.
Strategic Investment by Futura Medtech (April 2026)
Transaction Overview
Investor: Futura Medtech (portfolio company of Jashvik Capital)
Investee: Rivarp Medical Private Limited
Transaction Date: April 28, 2026
Transaction Significance: Third investment under the Futura Medtech platform
Platform Strategy: Building a scaled, multi-category medical devices business combining product innovation, manufacturing scale, and distribution reach
Platform Companies: Futura Medtech, Rivarp Medical, Dolphin Sutures, and Suture Planet
Leadership Quotes:
- A.D. Setty, Chairman and Founder of Futura Medtech: "We are very impressed by the team that Mr. MT Naidu has built at Rivarp Medical and are excited about partnering with them for future growth. We intend to invest to accelerate growth and drive portfolio innovation."
- Naresh Patwari, Founder of Jashvik Capital: "Through this investment, our platform companies will be further equipped to bring a broader basket of innovative, high-quality products to surgeons and clinicians across India and international markets. Over the next two years, we plan to invest in more businesses to further strengthen our product basket and innovation pipeline and deepen our distribution reach."
- M.T. Naidu, Founder of Rivarp Medical: "Partnering with Futura Medtech provides us with access to capital to invest in innovation and to deepen customer engagement."
Core Products & Product Lines
Spine Implants (Kentrospine Series)
Pedicle Screw Systems:
- Kentro PSS Premium Pedicle Screw System: Posterior spinal fixation system for thoracolumbar spine
- Kentro D-gen Value Segment Pedicle Screw System: Cost-effective posterior spinal fixation solution
Interbody Fusion Cages:
- Kentro SELF Standalone Anterior Cervical Cage: Zero-profile anterior cervical integrated fusion system with titanium alloy spacers, camlock locking mechanism, and 6° lordosis; available in sizes 5mm-10mm
- Kentro TLIF / Banana Cage: Transforaminal lumbar interbody fusion cage
- Kentro PLIF / Bullet Cage: Posterior lumbar interbody fusion cage
Cervical Fixation Systems:
- Kentro ACP Anterior Cervical Plate: Anterior cervical plating system
- Kentro ACC Anterior Cervical Cage: Anterior cervical cage system
- Kentro PCF Posterior Cervical Fixation System: Posterior cervical stabilization system
Additional Spine Products:
- Kentro Khyphonix Balloon Khyphoplasty Kit: Vertebral augmentation system
- Kentro CCM Spinal Mesh Cage: Cervical corpectomy mesh cage
- VIKTR Minimally Invasive System: Minimally invasive spinal fixation system
Interventional Cardiology
Coronary Stents:
- Evronix: Evrolimus-eluting coronary stent system
Balloon Catheters:
- HISCO NC: Non-compliant balloon catheter
- LAXO SC: Semi-compliant balloon catheter
Guidewires:
- ODIGOS: PTCA guidewire
- Gionix PF: PTFE-coated angiographic wire
- Gionix HD: Teflon-coated angiographic wire
Catheters & Sheaths:
- Altius: Coronary guiding catheter
- Angionix: Angiographic catheter
- Intronix SK: Radial and femoral introducer sheath kit
Accessories:
- Inflanix: Inflation device (gun type, 20mL, 30 ATM/bar, with stopcock)
- Y nix: Y connector (push/pull and push click types)
- Manix: Manifold (Right on & Right off)
- Intronix: Femoral and radial introducer needle
Structural Heart Occlusion (Occlunix Series)
- Occlunix ASD: Atrial septal defect occluder
- Occlunix VSD: Ventricular septal defect occluder
- Occlunix PDA: Patent ductus arteriosus occluder
- Delivery Sheath: Dedicated delivery sheath for ASD/VSD/PDA closure procedures
Critical Care & Nephrology
- Centrix: Central venous catheter
- Himonix: Haemodialysis catheter
- Pressonix: Pressure monitoring line
Additional Medical Devices
- Poly drive, rod reducer, final tightener, cross-link connector, reverse buttress, extended angle instruments
- Conical screw shaft pattern, sequential tower reducer, torque handle, stand-alone cage holder
- Various surgical instruments and accessories for spine and cardiology procedures
Manufacturing & Quality
Production Facility
- Location: No. 34, Azeez Sait Industrial Town, 6th Mile, Mysore Road, Nayandahalli, Bengaluru - 560039, Karnataka, India
- Capabilities: In-house R＆D and manufacturing with full quality control processes; each implantable product undergoes six different quality tests before reaching the operating physician
- Accreditations: BSI-accredited for ISO 13485:2016 and ISO 9001:2015; passed Good Manufacturing Practice (GMP) inspection for medical devices
- Regulatory Approvals: CDSCO-approved manufacturing facility for Class-A, B, C, and Class-D medical devices; EU MDR and US FDA certifications for international markets
Regulatory & Quality Standards
- EU MDR: Comprehensive suite of European medical device registrations
- US FDA: United States Food and Drug Administration certifications
- ISO 13485:2016: Medical devices quality management system
- ISO 9001:2015: Quality management system standard
- CDSCO India: Central Drugs Standard Control Organization approval for Class-A through Class-D device manufacturing
- GMP: Good Manufacturing Practice compliance for medical devices
Market Presence & Distribution
Domestic Market (India)
- Channel Partners: 100+ distributors and dealers across India
- Company Field Staff: 15+ dedicated field personnel
- Key Cities: Presence in major medical hubs including Bengaluru, New Delhi, Mumbai, Chennai, Kolkata, and Jaipur
- Market Position: One of the leADINg spinal implant manufacturers in India
- Historical Sales: Annual sales figure of approximately INR 15 crores (reported in distributorship materials)
International Markets
- Products exported to international markets with EU MDR and US FDA regulatory clearances
- Supply chain includes procurement of components from global suppliers for assembly and manufacturing in India
Company Leadership
Key Personnel
Founder & Managing Director: M.T. Naidu (Mavidipalli Thyagarajulu Naidu)
- Over 30 years of experience in the medical device industry
- Visionary leader behind Rivarp's inception and growth strategy
- Also involved with Phoenix Medicare Private Limited and other healthcare ventures
Competitive Landscape
Major Competitors (Global Spine & Cardiology)
- Medtronic plc: Global leader in spinal and cardiovascular devices
- Johnson & Johnson (DePuy Synthes): Major player in orthopaedics and spine
- Stryker Corporation: Diversified medical technology company
- Zimmer Biomet: Leading musculoskeletal healthcare company
- NuVasive Inc.: Specialized spine technology company
- Orthofix Medical: Spine and orthopaedics solutions
Rivarp's Competitive Advantages
- Make in India: Domestic manufacturing with cost competitiveness
- Regulatory Excellence: EU MDR, US FDA, ISO 13485, and CDSCO certifications enabling global market access
- Founder Expertise: 30+ years of industry experience driving product development
- Integrated Portfolio: Unique combination of spine, cardiology, structural heart, and critical care products
- Distribution Network: 100+ channel partners providing broad domestic coverage
- Platform Synergies: Access to Futura Medtech's distribution in complementary channels
- Quality Assurance: Six-stage quality testing for every implantable product
Clinical Evidence & Applications
Occlunix Septal Occluder Clinical Study
- The Occlunix septal occluder (40-50 mm) was evaluated in a multicenter study on transcatheter closure of large secundum atrial septal defects, published in Cardiology in the Young (Cambridge Core, April 2026)
- Study demonstrated efficacy and procedural outcomes with mean follow-up duration of 29.3 ± 21.6 months
- Devices were used alongside other international brands including Amplatzer (Abbott), Lifetech, and Cocoon
2026 Outlook & Strategic Priorities
Growth Strategy
- Innovation Investment: Accelerate R＆D in spine and cardiology portfolios with Futura Medtech capital injection
- Distribution Expansion: Deepen customer engagement and expand channel partner network across India
- International Growth: Leverage EU MDR and US FDA certifications to expand export markets
- Platform Integration: Collaborate with Futura Medtech, Dolphin Sutures, and Suture Planet for cross-selling opportunities
- Product Line Expansion: Broaden basket of surgical consumables and implants for surgeons and clinicians; new spine and cardiology products under development
Contact Information
Headquarters
Address: No. 34, Azeez Sait Industrial Town, 6th Mile, Mysore Road, Nayandahalli, Bengaluru - 560039, Karnataka, India
Phone: +91 97397 35550
Email: info@rivarpmedical.com
Online Presence
Website: www.rivarpmedical.com
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