Laxmi Dental Limited IPO (Laxmi Dental Limited IPO) Details

Incorporated: July 2004
Industry: Dental Products and Solutions

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Business Description

Laxmi Dental Limited is a leading integrated dental products company in India, offering a comprehensive range of custom crowns and bridges, clear aligners, thermoforming sheets, aligner-related products, and pediatric dental solutions. Known for its focus on quality, efficiency, and customer experience, the company has positioned itself as a trusted partner for dental professionals across India and internationally.

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Product Portfolio

1. Custom Crowns and Bridges:

   • Precision-crafted dental restorations tailored to individual patient needs.

2. Clear Aligners:

   • Advanced orthodontic solutions for teeth alignment under the brand name Taglus.

3. Thermoforming Sheets:

   • High-quality materials used in clear aligner production and other dental applications.

4. Pediatric Dental Products:

   • Specialized products catering to children’s dental health.

5. 3D Printing Resins and Machines:

   • Biocompatible materials and machinery for manufacturing dental products.

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Operational Highlights

1. Integrated Business Model:

   • End-to-end control from design and manufacturing to distribution.

2. Manufacturing Facilities:

   • Six facilities:
     • Three in Mira Road, Mumbai
     • Two in Boisar
     • One in Kochi
   • Supporting Facilities: Located in Mumbai, Delhi, Bengaluru, and Ahmedabad.

3. Extensive Dental Network:

   • Over 22,000 clinics and dentists in more than 320 cities nationwide.

4. International Presence:

   • Exporting to over 90 countries, leveraging robust global distribution networks.

5. Employee Strength:

   • 2,372 employees as of September 30, 2024, across various departments.

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Competitive Strengths

1. Industry Leader:

   • India’s only fully integrated dental products company.

2. Market Position:

   • Second-largest player in the domestic laboratory business and largest export laboratory.

3. Product Diversification:

   • Vertically integrated and diverse branded portfolio addressing a wide range of dental needs.

4. Technological Capabilities:

   • Advanced infrastructure and regulatory compliance ensuring high-quality standards.

5. Extensive Network:

   • A strong nationwide dental network providing a significant competitive edge.

6. Adoption of Digital Dentistry:

   • Leading the transition to digital solutions in dental care.

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Financial Highlights (FY23-24)

• Revenue: ₹1,914.50 million
• Profitability: Among the leading and financially successful B2B2C dental aligner companies in India.

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Strategic Goals

1. Expand Product Portfolio:

   • Continued innovation in dental aligners and related solutions.

2. Digital Dentistry Leadership:

   • Drive adoption of digital technologies for improved precision and efficiency.

3. Global Market Growth:

   • Strengthen export capabilities to expand reach in international markets.

4. Customer-Centric Approach:

   • Prioritize quality and customer experience to build long-term relationships.

5. Sustainability and Compliance:

   • Maintain high regulatory and environmental standards in manufacturing.

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Conclusion

Laxmi Dental Limited stands as a pioneer in the dental industry with its integrated approach, diverse product offerings, and strong domestic and international presence. With a commitment to technological advancements and quality, the company is well-positioned to lead the Indian dental market and expand its influence globally.