Homegrown private equity firm Kedaara Capital has acquired a 51% majority stake in Mohali-based orthopaedic support and rehabilitation wear maker Tynor Orthotics for approximately $200 million (₹1,907 crore). The transaction provides a complete exit for existing investor Lighthouse Funds, while Kedaara partners alongside Tynor’s original promoters and long-term French strategic partner Thuasne Group.
Deal Overview & Key Transaction Details
| Metric / Aspect | Details |
| Transaction Value | ~$200 Million (₹1,907 Crore) |
| Stake Acquired | 51% Majority Stake by Kedaara Capital |
| Exiting Investor | Lighthouse Funds (originally invested alongside Thuasne in 2018) |
| Retained Partners | Founders Dr. PJ Singh & AJ Singh + Thuasne Group (French orthopaedic giant, partner since 2010) |
| Financial Advisor | O3 Capital (exclusive financial advisor to Tynor) |
Company Footprint & Operations
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Product Portfolio: Orthopaedic supports, fracture care, mobility aids, rehabilitation equipment, and sports performance products.
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Global Distribution: Covers over 300,000 retail outlets and 8,000 hospitals across 60 countries.
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Manufacturing Hubs: Operates 3 production facilities in India focused on lean and globally compliant manufacturing processes.
Strategic Growth Roadmap
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Global South & North Strategy: Tynor aims to scale into a dominant market leader across the “Global South” while expanding as a core manufacturing supply-chain partner for the “Global North.”
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Platform Expansion: The new capital structure will accelerate local market penetration in India, boost R&D and manufacturing capacity, and expand the platform into adjacent wellness segments.
