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Company Information

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LAXMI DENTAL LTD.

01 February 2025 | 03:58

Industry >> Medical Equipment & Accessories

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ISIN No INE0WO601020 BSE Code / NSE Code 544339 / LAXMIDENTL Book Value (Rs.) 13.17 Face Value 2.00
Bookclosure 52Week High 584 EPS 4.51 P/E 110.93
Market Cap. 2748.38 Cr. 52Week Low 451 P/BV / Div Yield (%) 37.98 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Our Company was incorporated as `Laxmi Dental Export Private Limited' as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated July 8, 2004, issued by the Assistant Registrar of Companies, Maharashtra at Mumbai. Pursuant to a special resolution passed in the extra-ordinary general meeting of our Shareholders held on June 18, 2024, the name of our Company was changed to `Laxmi Dental Private Limited', and a fresh certificate of incorporation was issued to our Company by the RoC on July 24, 2024, and our Company was converted into a public limited company. Consequently, the name of our Company was further changed to `Laxmi Dental Limited', and a fresh certificate of incorporation dated August 02, 2024, was issued by the RoC.

Major Events and Milestones:
2004
 Incorporation of our Company on July 8, 2004, with a focus on exports dental business;
 Our Company received its first Export Oriented Unit certificate.
 Our Company received the US Food and Drug Administration ("FDA") registration for approval for products manufactured by us.

2011
 Our Company moved to a bigger manufacturing facility at Kandivali Co-operative Industrial Estate Limited Mumbai spread across 5,700 square feet.

2012
 Our Company incorporated its foreign Subsidiary, Laxmi Dental Lab USA, Inc

2015
 Our Company got its first ISO 13485:2016 certification to certify the quality management system of medical devices.

2016
 Our division, Illusion Dental Laboratory, moved to an expanded manufacturing facility at Mira road, Mumbai having a built-up area of 18,325.4 square feet.

2019
 Established our division Vedia Solutions on February 1, 2019, a product manufacturing company for producing taglus thermoforming sheets, 3D printing resins, thermoforming machines & aligner accessories.

2020
 Expanded Laxmi Exports Laboratory facility to a larger scale with the vision of women empowerment in the rural area hiring tribal community females at Boisar Chillar Highway, Palghar having a built-up area of 45,950 square feet.

2021
 Incorporated our Subsidiary, Bizdent Devices Private Limited to have a focused approach towards capturing Indian aligner market share.
 Our Company acquired 60% stake in Jointly Controlled Entity, Kids-E-Dental LLP for engaging in business of dental services and products in the paediatric division.
 Our Company has received the US FDA 510K clearance for aligners manufactured by our brand Illusion Aligners.
 Launched and actress as the brand ambassador for our brand Illusion Aligner.
 Our division, Vedia Solution got its first ISO 13485:2016 certification to certify the quality management system of medical devices.

2022
 Our division, Vedia Solutions received the US FDA registration for approval for products manufactured, repackaged and relabelled by us.

2023
 Launched an actress as the brand ambassador for Illusion Zirconia, a product of our division, Illusion Dental Laboratory.
 Our Subsidiary, Bizdent Devices Private Limited got its first ISO 13485:2016 certification to certify the quality management system of medical devices.
 Our Subsidiary, Bizdent Devices Private Limited received its Medical Devices Manufacturing License ("MDR") license.
 Our Company received its MDR license.
 Our Jointly Controlled Entity, Kids-E-Dental LLP received its MDR license.
 Our division, Vedia Solutions received its MDR license.
 Our Jointly Controlled Entity, Kids-E-Dental LLP successfully got registered with US FDA.
 Our division, Vedia Solutions got its ISO 9001:2015 certification to certify the quality management system of medical devices.
 Our division, Vedia Solutions got its ISO 45001:2018 certification to certify the quality management system of medical devices.
 Our division, Vedia Solutions received a certificate of compliance for taglus thermoformable sheets & 3d printing resins.
 Our Jointly Controlled Entity, Kids-E-Dental LLP, obtained the US FDA 510(k) clearance for its e-SDF product.

2024
 Our division, Illusion Dental Laboratory received its MDR license.
 More than 200 Intraoral Scanners were deployed by our Company in Indian market to promote digital dentistry.
 Our division, Vedia Solutions received certificate of compliance for taglus thermoforming machines.