TATA NEN Hottest Startups Awards - Perfint - Nandakumar S

Perfint | 2005

Nandakumar S | Chennai | Healthcare/ Pharma
Nominated on Sep 3 2008 11:31AM | by NEN

Perfint - Snapshot

Saving lives through early tumor detection

Business Basics

Company Name	Perfint
Founded in	2005
Headquartered in	Chennai
Company website/URL	www.perfinttech.com
Industry	Healthcare/ Pharma
Stage of the company	Have first customer
Source of idea	Systematic search for business opportunity
Awards & honors	Among the Top 3 companies for Research & Development and Won the 'Certificate of Merit' at the ELCINA Dun & Bradstreet awards conducted by the Electro...> Read more..
Awards & honors	Among the Top 3 companies for Research & Development and Won the 'Certificate of Merit' at the ELCINA Dun & Bradstreet awards conducted by the Electronics Industries Association of India. < Back

Business description

Perfint is a medical devices company that is focused on devices for image guided minimally-invasive procedures.

How does the business make money?

Selling breakthrough products in the interventional imaging space

Team information

-Vijaya B D, CTO, over 30 years of work experience with BEL, Wipro, GE etc. in Product Development and Engineering, B Tech (Electrical and Electronics Engineering), Malnad Engineering College

-Puhazhendi K, Director (New Product Development), 18 years of experience with HMT, GE Medical systems etc., PG in Design from IIT Mumbai.

Guruswamy K, Director (Sales), 12 years experience with ATL India Wipro GE Medical systems, TVS-Electronics in the fields of Sales and Channel management, BE (Electronics & Communication Engineering) from Anna University, Chennai.

-Kannan Neelakanta, Director (New Product Initiative), 14 years of experience with Larsen Toubro , Wipro GE, Bausch & Lomb, PGD in Business Management from IMT, Ghaziabad.

Gopalkrishna Kulkarni, Director, 14 years of experience with BPCL, GE Medical Systems, & Synagoge Knowledge Services in the fields of Quality Systems and Six Sigma Deployment, MBA from IIM.

-Gnanasekar V, Product Architect, Over 8 years of experience, Post Graduate in Plastics from Central Institute of Plastics Engineering and Technology.

Competition

Competitors	Traxtal - Canada, Robopsy - USA, Neorad - Norway
How different is your product or service? It has...	Identical or close substitutes available in India
In what way is your product or service different?	We are the first to use intelligent positioning rather than navigation as a concept to access tumours.

By The Numbers

	2006	2007
No. of employees	16-25	26-50
No. of locations	0-1	2-5
No. of customers	0-1	2-5
Turnover	Under 10 lacs	11-50 lacs
Profits	preprofit	preprofit

Primary source of initial funding	Personal savings
Primary source of additional funding	Venture capital
Raised institutional capital?	Yes
Amount (INR)	3.5 Million $/-
Investor	Erasmic and IDG Ventures

Why is this startup hot?

(1). Perfint's first product PIGA is designed to assist radiologists access very small tumours in a minimally invasive mode that would help diagnose cancer of the lung and abdomen even when it is in its early stages.

(2). Perfint has applied for patent both in India and US for PIGA. When available commercially in 2008, PIGA is expected to be the ...> Read more..

(2). Perfint has applied for patent both in India and US for PIGA. When available commercially in 2008, PIGA is expected to be the first of its kind globally.

(3) The focus of Perfint is Emerging Societies ... Products built for Emerging societies by an Emerging Society Enterprise.

(4) Amongst the very few to venture into medical imaging technology from India.

< Back

What keeps the team awake at night?

(1). Work (2). The need to innovate (3). Execution


	Zoom In Read NOW!			Team Spirit Read NOW!

	My Journey Read NOW!			Face-Off Read NOW!

Voting Closed

Experts' Comments

View experts' panel

“Perfint's first product PIGA,is something really innovative and also will have a tremendous global demand....” > Read more..

"Perfint is a medical devices company that is focused on devices for image guided minimally-invasive procedures.Perfint's first product PIGA is designed to assist radiologists access very small tumours in a minimally invasive mode that would help diagnose cancer of the lung and abdomen even when it is in its early stages, this is something really innovative and also will have a tremendous global demand being one of its kind in a segment which has even today no cure , but early detection will enable cure . The company also has applied for patent both in India and US for PIGA.

The team is also excellent as all of them have worked in the Medical electronics field with the largest and best companies in the world with a large focus on R&D.

The company is also targeting the emerging markets which is huge and if the technology proves its capabilities it can be replicated to other deceases and has the potential of getting India on the medical electronics product space map and definitely has a possibility of becoming the leader in its segment.

The company will however have to fight with the global giants in the space and hence branding and positioning of the product and the company will have to be done strategically . "

< Back

“The company is in a growth industry, linked to the overall growth in the health sector and has positioned itself as a company backed by R&D, which would help in standing out....” > Read more..

The company is in a growth industry, linked to the overall growth in the health sector and has positioned itself as a company backed by R&D, which would help in standing out. As this is a new technology/methodology, there is also significant risk attached to the business. This should be adopted and accepted by the end users, i.e. radiologists and others who rely on this for diagnosis. Further, there may be regulatory and statutory compliances to be met, which may impact the business. The key team seems heavy on the technology side, with less on the medical technology side. It may help to have persons with medical backgrounds at the key team level to make this more convincing from a medical angle and not a pure technology play angle. < Back

Entrepreneur's Details
Name		Nandakumar S
Age		39
Hometown		Nagercoil/ Bangalore
Family background		First gen entrepreneur
More than 1 company?		No
Education		Masters
Graduated from		IIM
Former employer		Cognizant Technologies
Former designation		N.A.
Area of responsibility		N.A.
Favorite book/movie		N.A.

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