Monthly Archives August 2021

What you need to know – Vijaya Diagnostic Center Limited IPO

Here is an important thing to know about the IPO of Vijaya Diagnostic Center Limited:

1) The issue: The initial public offer includes an offer to sell a maximum of 35,688,064 participating shares by the selling shareholders. The issue will have a price range of Rs 522 to Rs 531 per share of par value of Re1 each (“Participating Shares”).

2) Largest Integrated Diagnostics Player: The Company is the largest integrated diagnostics chain that combines pathology and radiology services in South India, in terms of operating revenue. It is also one of the fastest growing diagnostic chains in terms of turnover for the 2020 financial year (Source: CRISIL report).

3) Comprehensive service offerings: The Company offers a comprehensive range of approximately 740 routine tests and 870 specialized pathology tests and approximately 220 basic radiology tests and 320 advanced radiology tests which cover a range of specialties and disciplines, as of June 30, 2021.

4) Vast operational network: the Company has built a vast operational network consisting of 81 diagnostic centers and 11 co-located reference laboratories, in 13 towns and villages in the states of Telangana and Andhra Pradesh and in the national capital region. and Kolkata, as of June 30, 2021

5) Growth strategy:

Deepen Penetration and Broaden Customer Base: To deepen its penetration and increase its customer base to consolidate its leadership position in its core market, the plan includes:

o Expand the service network by opening additional diagnostic centers;

o Improve the capacity of its laboratory and its test menu by adding the latest technologies;

o Increase its activity with individual customers by offering a portfolio of additional services;

o Physician engagement through medical awareness initiatives and meetings with practicing physicians; and

o Increased emphasis on prevention and wellness offers.

Expansion of the network: the Company will continue to focus on expanding its network by creating departments and hubs in the existing watershed, adding reference laboratories and increasing its home collection services in the main geographic areas.

Focus on customer-centric service offerings: the company intends to offer additional prevention and wellness services, adopt new cutting-edge diagnostic testing technology, and create customized packages for its customers.

6) Expansion plan: plans to expand its presence in key towns and villages identified in the adjacent geographic areas of Telangana and Andhra Pradesh and in eastern India, particularly Kolkata.

7) Selective Acquisition: The Company plans to complement its organic growth through selective acquisitions / strategic partnerships with brands with a strong vintage and market position in adjacent markets.

8) High brand recall: The company has high brand recall, resulting in high share of individual consumer activity and customer loyalty. The company’s focus on the consumer and, combined with its brand recognition for quality diagnostic services, results in higher brand recall in its key geographies and allows us to have a share high number of walk-in clients.

9) Strong Technical Capabilities: The company has strong technical capabilities, quality infrastructure and advanced medical technology with strong IT infrastructure.

· The operations of the diagnostic center are supported by a centralized front-end IT platform.

As of June 30, 2021, the company’s radiological testing operations are supported by radiology equipment comprising 15 CT machines, 18 MRI machines and five PET CT / Gamma machines, and a team of 105 radiologists in the centers of diagnostic

10) Strong Industry Growth Prospects: According to CRISIL report, India diagnostics market is expected to grow at a CAGR of around 12% to 13% to reach around Rs. 920 billion to Rs. 980 billion by l ‘fiscal year 2023 from Rs. 710 billion to Rs. 730 billion in fiscal year 2021

· The diagnostics market in Telangana and Andhra Pradesh, the states in which the company has a significant presence, is expected to reach around Rs. 120 billion currently to Rs. 130 billion by fiscal year 2023.

The main drivers of the Indian diagnostics market include (i) increasing health awareness and disposable income, (ii) increasing demand for better health facilities as well as quality of care of individuals , and (iii) increased expenditure on prevention and well-being.

11) Robust financial performance: As of June 30, 2021, the company recorded total income of Rs. 125.97 crore. For fiscal year 2021, the company’s total income was Rs. 388.59 crore.

The company’s OPBDIT margin ranked second among other major diagnostic players during fiscal year 2021

For fiscal 2020, the average test per customer was 2.8, operating revenue per customer was Rs. 1214 and OPBDIT per customer was Rs. 475 which is higher than the peers listed according to the CRISIL report.

· For fiscal year 2021, the company’s RONW was 23.64% and the ROCE (before cash) was 42%.

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Vijaya Diagnostic Center IPO fixes price range of 522 to 531 per share

MUMBAI: Vijaya Diagnostic Center Ltd, backed by Kedaara Capital, set the price range for its initial public offering (IPO) at ??522-531 an action. Previously, the company announced that its IPO would open on September 1 and close on September 3.

The IPO consists of a pure sell offer (OFS) of 35.69 million shares by its existing shareholders and promoters. OFS includes up to 5.1 million shares by Dr S Surenranath Reddy, up to 29.49 million shares by Karakoram Ltd, 1.10 million shares by Kedaara Capital Alternative Investment Fund – Kedaara Capital AIF I.

On the price of the upper band, the company plans to increase ??1,895.14 crores. The company is expected to go public on September 14.

ICICI Securities, Edelweiss Financial Services and Kotak Mahindra Capital Co Ltd are the main managers of the issue.

For the 2021 financial year, the company achieved a turnover of ??376.75 crore compared to ??338.82 crores a year ago. The net profit for the year amounts to ??84.91 crores compared to ??62.51 crore a year ago.

The company’s bank balance is ??200.11 crore, significantly higher than the outstanding debt of ??4.47 crore in March 2021.

Vijaya Diagnostic is South India’s largest integrated diagnostic chain by operating revenue, and also one of the fastest growing diagnostic chains by revenue for the fiscal year 2020. It offers a one-stop solution for pathology and radiology testing services to our customers through our extensive operational network, which includes 80 diagnostic centers and 11 reference laboratories in 13 towns and villages in the states of Telangana and Andhra Pradesh, as well as in the National Capital Region and Kolkata.

The practice offers a full range of approximately 740 routine tests and 870 specialist pathology tests and approximately 220 basic radiology tests and 320 advanced radiology tests that cover a range of specialties and disciplines, as of March 2021.

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Automotive diagnostic tools market expected to be fast and stable

New York, USA: The automotive diagnostic tools market is expected to grow at a CAGR of 5.6%. The factors leading to this extraordinary growth are attributed to various market dynamics discussed in the report. Our experts have looked at the market from a 360 degree perspective, producing a report that is sure to impact your business decisions.

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By Verdors from the market:
Robert bosch
Denso Corporation
SPX Corp
Hickok Incorporated
Kpit Technologies

By types:
Wheel alignment tester
Digital battery tester
Vehicle Emission Test System

By applications:
Passenger cars
Commercial vehicles

This report is broad in concept and content directly from Automotive Diagnostic Tools Market
On the basis of manufacturing process, applications, product line, and end-user industries, the global Automotive Diagnostic Tools market study includes detailed market segmentation. Covering regional, product and customer perspectives, the main objective of this research is to provide absolute insight into the global market. With references to product details and product portfolio combined with all manufacturing processes and applied to particular product development, product evaluation is a critical part of market segmentation. By increasing the demand for the products, the market research also determines which industries of end-users have major influence on the growth of the market.

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On the basis of macroeconomic and microeconomic factors, the Global Automotive Diagnostic Tools Market report analyzes a range of geographies including Latin America, Europe, Asia-Pacific, North America , the Middle East and Africa. Due to the wide range of manufacturing facilities with highly advanced manufacturing infrastructure supported by the prevalence of major manufacturers, market assessment observes that the market distributes the largest market share to the regions of North America. For the implantation of the advanced techniques, the capital strength and the largest customer population are occupied by North America, thus causing an increase in the growth of the world market.

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The research report contains the company profiles and regulations of those operating in the global Automotive Diagnostic Tools Market. The global market and its main consumption patterns are briefly described in the report. The historical data comes from various reliable sources and thus provides the forecast analysis for the year 2019-2027. Again, a detailed overview of the market forces analysis including drivers, restraints, and challenges, market split by region, country, application, and type is well provided by the report. Investment opportunities for market players are identified by the report and thus promote decision making.

Some of the key points explored by the Global Automotive Diagnostic Tools Market research report are as follows:

• The growth rate and size of the global automotive diagnostic tools market.
• Competitive landscape of the global industry market.
• Detailed analysis of major key players, key regions and major suppliers. Analysis of market drivers, market restraints, market opportunities and market challenges
• Main trend factors and their influence on a global scale.
• Vital results of research methodologies and research techniques such as quantitative and qualitative analysis.

The data on Automotive Diagnostic Tools market which is presented in the market research report enables market players to make the most of the growth potential of the industry. So, based on the historical market analysis and forecast data provided in the report, market players can easily make better business decisions. Strategies based on current regulatory events unfolding in the industry are also provided in the research report. It also identifies the business development and leads of the potential partner. To actively respond to competitors, adopt the company structure, and understand the market outlook, the research report strongly empowers market players to do so.

In terms of market dynamism, competitive scenarios, scope, growth prospects, etc. For the forecast years 2020-2027, an in-depth analysis of the market is provided by the market report. To frame strategic alignments, the research report facilitates companies and all interested market players. As the current uncertainty posed by the COVID-19 pandemic, the situation has become a very crucial time for sustaining the market. So, with transparent research studies, the Global Market research report has been structured which makes it of supreme quality.

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AI-Based Medical Diagnostic Tools Market Segmentation Application, Technology And Market Analysis Till 2026

The latest research report on AI-Based Medical Diagnostic Tools Market guides the reader through all the crucial aspects that impact the trajectory of the industry and helps to make the appropriate decisions for the future. It also provides information on the past business scenario as well as recent developments in the market. In addition, it studies all markets and submarkets in depth, with a focus on areas that will play an important role in the industry’s progress in the years to come.

According to expert analysts, the market size for AI-based medical diagnostic tools is expected to show significant growth during the period 2021-2026, registering a CAGR of XX% throughout.

Moving forward, the research literature sheds light on the consequences of the COVID-19 pandemic on organizations operating vertically, spelling out challenges and constraints such as supply chain variations, changes in consumer preferences and imbalances encountered in business operations. He also suggests several action plans to stay afloat amid this turmoil and generate solid income in the years to come.

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ImportantPointers of the AI-Based Medical Diagnostic Tools Market report:

  • Current Status of COVID-19 and Its Effect on Industry Compensation Scope
  • Market and submarkets growth rate estimates
  • Dominant trends
  • Rewarding avenues
  • Advantages and disadvantages of the direct and indirect sales channel
  • The main suppliers, traders and resellers

AI-Based Medical Diagnostic Tools Market Segments Covered In The Report:

Regional bifurcation:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy and rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
  • South America (Brazil, Argentina, Colombia and the rest of South America)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of Middle East and Africa)
  • National market review in each region
  • Global turnover and sales for each region
  • Share of industry captured by major regional contributors
  • Approximations of the growth rate of each regional market over the evaluation period

Product types: medical imaging tools, automated detection systems and others

  • Revenue, sales and industry share of each product segment
  • Price model for each type of product

Range of applications: eye care, oncology, radiology, cardiovascular, pathology, others (orthopedics and rare diseases

  • Cumulative revenue and sales generated by each field of application
  • Product pricing against the spectrum of applications

Competitive Dashboard: Aidoc,, Inc., Arterys Inc., Icometrix, IDx Technologies Inc., MaxQ AI, Ltd. , Imagen Ltd, Bay Labs, Inc., Zebra Medical Vision, Inc., Alivecor and ScreenPoint Medical

  • Products and services offered by the main players
  • Manufacturing facilities of major companies in the areas served
  • Accounts of price, revenue, market share, gross margin and sales models of well-known organizations
  • SWOT assessment of the best candidates
  • Emerging companies and new vertical participants
  • Overview of winning strategies employed by top companies
  • Definitive information on the market concentration rate and the marketing rate

Research objectives

1) To study and analyze the global AI-based medical diagnostic tools consumption (value) by key regions / countries, product type and application, historical data from 2016 to 2020, and forecast to 2026.

2) To understand the structure of AI-based medical diagnostic tools market by identifying its various subsegments.

3) Focus on the global leading manufacturers of AI-based medical diagnostic tools market, to define, describe and analyze the value, market share, market competition landscape, analysis of the five Porter’s strengths, SWOT analysis and development plans over the next few years.

4) To analyze AI-based medical diagnostic tools with respect to individual growth trends, future prospects, and their contribution to the total market.

5) Share detailed information on key factors influencing market growth (industry specific growth potential, opportunities, drivers, challenges and risks).

6) To project the consumption of AI Based Medical Diagnostic Tools submarkets, with respect to key regions (along with their respective key countries).

7) Analyze competitive developments such as extensions, new product launches and acquisitions in the market.

8) Establish a strategic profile of the main players and analyze in detail their growth strategies.

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Econet installs monitoring diagnostic technology

The herald

Business journalist

TELECOM giant Econet Wireless Zimbabwe said it has installed monitoring diagnostic tools to reduce revenue leakage and network fraud in accordance with the latest regulations under Statutory Instrument 95 of 2021.

Guided by the Telecommunications Traffic Monitoring and Revenue Assurance Regulations (Statutory Instrument 95/2021), the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz), has the mandate to establish a non-electronic system. intrusive that allows the regulator to independently monitor and account for national and international telecommunications traffic and revenues.

The intervention aims to combat network fraud, enforce billing integrity and improve revenue assurance for regulatory and tax purposes.

In a statement accompanying the results for the fiscal year ended February 28, 2021, Econet welcomed the World Bank’s digital economy diagnostic report for Zimbabwe, which was launched in June 2021.

While the report ranks Zimbabwe as “advanced” in its provision of infrastructure and connectivity services due to the pioneering efforts of the group and its affiliates, Econet said there was room for further improvements.

“Econet has already installed its own traffic monitoring diagnostic tools to prevent revenue leakage and traffic fraud,” the company said.

The telecommunications giant said it was still in consultation with Potraz on the implementation of SI95 / 2021, adding that it welcomes the priority given to the development of the digital economy as part of the National Strategy for development 1 (NDS1).

The five-year master plan, which succeeded the Transitional Stabilization Program, sets out policies, institutional reforms and national priorities from 2021 to 2025 for the country to achieve an upper middle-income economy by 2030.

“We believe that we already have and can continue to make a significant contribution to national efforts. The rural population remains underserved in the new digital economy and we are always looking for relevant low cost solutions to address this segment in line with the government’s development agenda, ”the company said.

He said the availability of foreign currency continues to be the biggest obstacle it faces and this has limited the ability to provide adequate capacity to its customers.

“The company encountered operational challenges in meeting its needs for capacity improvement and routine maintenance.

“We remain hopeful that improvements in the availability of foreign currency through the interventions of fiscal and monetary authorities will improve this situation for the foreseeable future,” he said.

“Our main tariffs were last revised in August 2020. In view of the inflationary pressures undergone, we believe that another tariff revision is due to keep the sector viable.

“All of our prices are determined by the regulator using given cost inputs. The timely adjustment of tariffs, using the telecommunications price index, is essential to the sustainability of our business. “

However, consistent and high-quality grid power supply remained a challenge during the reporting period, which is why the company used diesel generators to supplement what was pulled from the national grid.

“As a result, we continue to see an increase in our carbon footprint as well as the cost of our operations. We continue to work to improve our ecological footprint and reduce carbon emissions by increasing the number of solar-powered base station sites, ”said Econet.

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