Vattikuti Tech eyes $130 mn biz from robotic surgery systems

Betting big on the potential of using robots in surgeries, Vattikuti Technologies a distributor of high-end robotic systems is targeting up to USD 135 million worth business in India by 2020.

The company, promoted by US-based IT entrepreneur Raj Vattikuti, is the sole distributor of da Vinci robotic surgery systems manufactured by US-based Intuitive Surgical Inc and major healthcare chains such as Apollo, Fortis, Medanta, Max and Manipal are among its clients.

"We plan to install a total of 100 da Vinci robots in India by 2020 as the demand is quite high. We have already installed 32 robots in the country so far," Vattikuti told PTI.

When asked about the business value he said: "The goal is to sell around 15 to 20 robots every year which cost between USD 1.2 million and USD 2 million each."

In order to popularise robotic surgery systems, he said the company will train over 300 surgeons across the country by 2020.

There are 190 qualified surgeons in 30 hospitals across India using da Vinci robotic systems.

He said even government hospitals such as All India Institute of Medical Sciences and PGI Chandigarh have these