Our client, an emerging player in the medical devices space, is a joint venture between one of India’s most respected south Indian industrial groups and a reputed investment firm, who have joined hands to acquire a local medical devices player.

The mandate is to build a platform of high-quality, affordable products for both domestic and global markets, the company is aligned with the broader “Make in India, Make for the World” vision. And for this, they were looking to hire a CFO.

As the business moves from setup to scale, the CFO role became critical to lay down the financial strategy and operational foundation. The ask was for a finance leader with strong fundamentals, experience in manufacturing or healthcare-related industries, and the ability to support long-term value creation in a high-compliance, high-impact sector.

As part of the search, we not only exhaustively mapped the medical devices sector, but also ‘devices portion’ embedded within pharma companies (e.g., inhalers) and other sectors that share the business dynamics (e.g., innovation driven + prone to import-led disruptions = lighting sector), to bring a set of candidate choices.