Ascent Meditech is setting up a greenfield office in South Gujarat at an invetment of around Rs 100 crore. Rajiv Mistry, organizer and Managing Director of Ascent Meditech, said the organization acquired 12 sections of land of land in South Gujarat to set up the new office. 

The up and coming office to be finished in two stages, would be spread crosswise over 1 million square feet, and is worked with an aim to be consistent with USFDA guideline. The new office with an ability to deliver 100,000 units for every day is relied upon to house the R&D and structure studio also. As of now, Ascent has five assembling units dispersed in Silvassa, spread more than 2 lakh sq. ft., with a yield of 40,000 units for each day. The organization hopes to end FY20 with turnover of Rs 150 crore, with an intensified yearly development rate (CAGR) of 35 percent. 

The organization gains around 20 percent of its incomes from trades. Mistry said the new office is relied upon to give work to 3,000 individuals. The organization, which began in 1991 as producer of warmth belts, presently advertises more than 350 items under brand name Flamingo in fragments, for example, orthopedic delicate merchandise, human services, portability and wound consideration. Around 60 percent deals originates from orthopedic delicate merchandise.