S3V Vascular Technologies, backed by the Technology Development Board, will establish India's first integrated facility for indigenous mechanical thrombectomy devices near Sriperumbudur, Tamil Nadu, producing microcatheters, guidewires, aspiration catheters, and stent retrievers to address India's USD 2 billion neuro-intervention market.
The venture has attracted institutional and investor backing from L&T Chairman Emeritus A.M. Naik, Madhusudan Kela (MK Ventures), and Utpal Sheth (Rare Enterprises), signaling confidence in the medical device import-substitution opportunity and domestic healthcare manufacturing scaling.
S3V's strategy includes proprietary innovations (clot retriever head, braid-over-coil aspiration catheter), CE/USFDA certifications for exports, and partnerships with Ayushman Bharat and hospitals to expand affordable access in Tier-II and rural regions via simulator-based training and public health integration.
