Aakaar Medical Technologies Limited was originally incorporated as ‘Aakaar Medical Technologies Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 20, 2013 issued by the Registrar of Companies, Mumbai. Subsequently, the company was converted into a public limited company pursuant to a resolution passed by its shareholders at an extraordinary general meeting held on July 19, 2024 and a fresh certificate of incorporation dated November 18, 2024 was issued by the Registrar of Companies, Mumbai, recording the change in the name of the company from ‘Aakaar Medical Technologies’ to ‘Aakaar Medical Technologies’.
The company is a medical aesthetic company dealing in a wide range of aesthetics & specialized cosmetic products & devices. Its product range includes both Own brands (domestically manufactured products & internationally manufactured devices) and Imported Brands (distribution of imported brands) from countries such as Korea, Spain, Italy, and Austria. It is established a distinctive presence in the medical aesthetic market by exclusively focusing on business-to-business (B2B) channels for product distribution and sales. It supplies its products & devices primarily to dermatologists, plastic surgeons, aesthetic physicians who then sell these products to their end consumers as well as use certain device consumables as part of their treatments. It derives majority of its revenue from Aesthetic products and will continue to focus on its Aesthetic products pipeline.
Business area of the company
Aakaar Medical Technologies is a medical aesthetic company dealing in a wide range of aesthetics & specialised cosmetic products & devices.
Products of the company
- Injectables & Contouring products
- Professional Hair & Skin Care products
- Professional Skin Care products
- Aesthetic Device products
- Home Care for Skin products
Awards, accreditations or recognitions
- 2024: Excellence in Aesthetic Innovation & Service at Starz of India 2024.
- 2019: Best New Launched Doctor Prescribed Skin Care Cosmetic Range in India for Tubelite Brand Aakaar at GEA Awards 2019.
History and milestones
- July 21, 2017: Launched its own brand Balback.
- April 1, 2018: Entered into a tripartite agreement with ACPL and Croma Pharma GmbH for launch of Saypha filler (earlier known as Princess).
- December 9, 2017: Launched its own brand Lytec.
- Ocotber 27, 2022: Launched its own brand Etrelume.
- August 3, 2023: Launched its own brand Swyada.
- April 01, 2023: Entered into exclusive agreement in licensing, marketing and distribution with Regenera Activa Worldwide S.L for launch of Regenera ActivaAMT.
- July 21, 2023: Entered into exclusive agreement in licensing, marketing and distribution with Tesslift Co. Limited.
- August 6, 2024: Launched its own brand Exoluxe and DRS1512.
- September 2, 2024: Launched its Own brand Eoluxe.
- November 18, 2024: Conversion of the Company from a private limited company to a public limited company.