Cryo-Save India, the 100% Indian subsidiary of Europe's' largest adult stem cell banking company Cryo-Save Group, announced their foray into the western region of the country by launching a full-fledged marketing set-up in Mumbai. The new office is part of their strategic plan for India and is envisioned to further strengthen the company's position in the Indian market. Cryo-Save India has plans for a phased launch in key centres across the country.
In Maharashtra, the city of Mumbai alone has 50,000 births per year and Pune has over 20,000 births every year in the Sec A & A+ category. The company's sales office is head quartered in Mumbai and their Maharashtra plans include representation in cities like Nagpur, Aurangabad, Pune and others.
Cryo-Save India, with its corporate office in Bangalore, was recently set up with an investment of 1.8 million Euros. Cryo-Save Group will scale up its investment to 2 million Euros within a year of its operation of the Indian subsidiary. The group company, Europe's largest adult stem cell storage bank, has its operations in 37 countries across 3 continents. Cryo-Save India brings to the table a depth of expertise and experience in stem cell banking.
Cryo-Save India will be the only company in India with its unique offering of dual-storage system and this will be available for the first time in the country. They are also the only company that does automatic processing to avoid manual intervention and contamination. The company will be offering the collection and storage of ADULT stem cells derived from cord blood. The services will be available across all metros and other cities.
V.R. Chandramouli, managing director, Cryo-Save India, said, "We are very keen to extend our footprint to India specifically in the Western market as we see an immense market potential for adult stem cell banking or family banking in the Maharashtra region. A world-class stem cell banking service was the need of the hour for a huge market like India and Cryo-Save India will be offering this. We believe that the launch of the Indian operations has ushered in a new chapter in the quality of stem cell banking services offered."
Cryo-Save India is headquartered in Bangalore with a state-of-the art, one-of-its-kind, fully automated adult stem cell storage facility.