Aurolab
↗Madurai, India
Aurolab is a non-profit social enterprise and the manufacturing division of the world-renowned Aravind Eye Care System. Founded in 1992, it was established to make high-quality ophthalmic consumables affordable and accessible to the developing world. Aurolab is best known for disrupting the global market for intraocular lenses (IOLs) by reducing their cost to a fraction of international prices while maintaining high quality standards.
The company operates state-of-the-art manufacturing facilities in Madurai, India, producing a wide range of products including intraocular lenses, surgical sutures, ophthalmic pharmaceuticals (eye drops), surgical blades, and diagnostic equipment. Aurolab's products are exported to over 160 countries worldwide, and the organization is a key partner for global NGOs and health ministries in the fight against avoidable blindness.
CLASSIFICATION
SIZE & FINANCIALS
Employees:501-1000
Revenue:$10M-$50M
Founded:1992
Ownership:nonprofit
Status:operating
FUNDING
Stage:Non Funded
Investors:Ideaship (Patent-based equity partner)
PIPELINE
Stage:Commercial
Lead Drug Stage:Regulatory Approval (Ranibizumab Biosimilar)
Modalities:Medical Devices, Small molecule (Eye drops), Biosimilars (Anti-VEGF)
Active Trials:2
Trial Phases:Phase 2: 1 | Phase 3: 1
FDA Approvals:5
EMA Approvals:10
CORPORATE STRUCTURE
Parent Company:Aravind Eye Care System
Key Partnerships:Google (AI-led diabetic retinopathy screening), Andhra Pradesh Medtech Zone (AMTZ) (Manufacturing expansion), Thiagarajar School of Management (Employee training)
COMPETITION
Position:Leader
Competitors:Appasamy Associates, Alcon, Carl Zeiss Meditec, Bausch + Lomb, Johnson & Johnson Vision
LEADERSHIP
Key Executives:
R.D. Sriram - Managing Director
P. Balakrishnan - Managing Director (Emeritus) / Advisor
Scientific Founders:Dr. Govindappa Venkataswamy (Founder of Aravind Eye Care)
Board Members:Dr. P. Namperumalsamy, Dr. G. Natchiar, R.D. Sriram
LINKS
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