About Laxmi Dental Limited

Laxmi Dental Limited was incorporated on July 08, 2004 as Laxmi Dental Export Private Limited. It was renamed Laxmi Dental Private Limited on July 24, 2024 and converted into a public company as Laxmi Dental Limited on August 02, 2024; its equity shares were listed on NSE and BSE on January 20, 2025 after a successful IPO. The Company manufactures dental products and provides Dental Laboratory Offerings, Aligner Solutions, Dental Clinical Services and related services, operating primarily in India and the United States. It is described as India’s only fully integrated dental products company, with operations in over 300 Indian cities and a global footprint across 95+ countries, serving more than 22,000 dental clinics, dental companies and dentists.

Laxmi Dental’s network is supported by six manufacturing facilities in Maharashtra and Kerala and five specialised finishing and polishing units across India. Vertical integration is strengthened by Vedia Solutions, which manufactures machines and raw materials for internal use and export. The portfolio spans custom-made crowns and bridges, clear aligners, aligner materials (thermoforming sheets, biocompatible 3D resins, and equipment), and paediatric dental products through a jointly controlled entity.

Laxmi Dental Limited Key Milestones 

Key milestones include the establishment of Vedia Solutions, incorporation of a US subsidiary to expand the international footprint, major facility upgrades in Mumbai’s Mira Road and Boisar, and the January 2025 stock market listing that marked a new phase of growth and visibility. The Group has 4 subsidiaries (number only).

Laxmi Dental Limited’s Business Segments

• Laboratory Offerings: Domestic laboratory contributed 36.83% of revenue from sale of goods and services; international laboratory contributed 25.39%.
• Aligner Solutions: Bizdent (finished aligners) contributed 19.83%; Vedia (aligner-related materials and equipment) contributed 12.09%.
• Others: 5.86%.

Laxmi Dental Limited’s  Revenue by Geographies

• India: 66.7%; 
• USA: 19.6%; 
• The UK: 7.6%; 
• Others: 6.1% (FY 2024-25 geographical revenue mix).

Laxmi Dental Limited Key Management

• Sameer Kamlesh Merchant – CEO & Managing Director
• Rajesh Vrajlal Khakhar – Chairperson & Whole-time Director
• Dharmesh Bhupendra Dattani – Chief Financial Officer
• Nupur Joshi – Company Secretary and Compliance Officer

Latest Updates on Laxmi Dental Limited

• Initial Public Offering and Listing: Completed Initial Public Offering and listed on NSE and BSE on January 20, 2025; this is the first annual report post-IPO.
• Proprietary Intraoral Scanner Launch: Launched the proprietary intraoral scanner “iScanPro” in 2024; 759 scanners were deployed and sold across India till March 31, 2025, boosting digital workflows between dentists and labs.
• High Adoption of Digital Workflows: High adoption of intraoral scanners: 98% of aligner workflows and 64% of lab workflows are now digital, enabling faster turnaround and reduced remakes.
• ESOP Implementation: Implemented ESOP 2024; 3,51,672 equity shares were granted on December 14, 2024 to eligible employees.
• Acquisition of AI Dent: Acquisition of healthtech firm AI Dent in August 2025 to strengthen research and technology capabilities (post year-end development noted in the report).