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Govt inks deal with Hyderabad-based medical equipment manufacturing company InstaShield
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InstaShield claims device is 99.9% effective in killing all types of viruses including Covid-19
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The company is registered with MSME, Startup India and Gem Portal
Hyderabad, January 19: With the Yogi government entering into an agreement with Hyderabad-based medical equipment company InstaShield, Uttar Pradesh is set to add an effective weapon to its arsenal in the fight against against the novel coronavirus (Covid-19). InstaShield claims that its device, which was launched in March 2022, is 99.9 percent effective in guarding against and destroying all types of viruses including SARS Covid. It is worth mentioning here that the company’s turnover has reached Rs 10 crore since the launch of this particular device in March 2022.
The owners of the company gave a presentation of this device during the meeting with the delegation of Yogi Government while Cabinet Minister Baby Rani Maurya expressed her liking for the innovative product of the company. CM Yogi’s team also invited the owners of the company to the Global Investors Summit to be held in Lucknow on February 10-12.
After meeting with Team Yogi, Instashield promoter and director CS Jadhav and Hitesh M Patel informed that they started the company in August 2017 and it is registered with MSME, Startup India and Gem Portal. According to them, when the whole world was busy devising ways to tackle Covid-19, InstaShield invented its own to prevent the spread of the pandemic.
According to them, the device was launched in March 2022 and today the company’s turnover has reached Rs 10 crore, changing the entire picture of the company. InstaShield is a plug and play device that kills viruses with the help of electron transmitting technology. InstaShield’s innovative technology works in closed spaces like homes, offices, schools, hotels, colleges, hospitals etc. without releasing any harmful radiation in the air and on the surfaces and keeps the environment safe and healthy for mankind.
It’s 100 percent safe
The company claims that the InstaShield device is a breakthrough device as it uses the first of its kind CCMB approved virus attenuation technology. This technology disables all types of viruses, including SARS CoV2 with 99.9 percent effectiveness. Hitesh says that a single InstaShield device is sufficient to keep an area of 5000 square feet safe from the virus. The device gets activated within 18 minutes. The technology of InstaShield device is patented and is supported by TSIC, ARCI. The device is certified by CSIR-CCMB, Hyderabad as well as other labs like EMTAC, Vimta. CSIR-CCMB is a Government Council. The company claims that the device is 100 percent safe for humans and the environment.
Virus will end in nano seconds
InstaShield device is a Make in India product. Hitesh says that when the testing of this device was going on, by that time 8 variants of Corona had arrived. The device was tested for all variants and the results were positive. This device is capable of killing the virus in nano seconds. Within a month of its launch, this device was sold for Rs.1.25 crore. By November 2022, the sales figure had reached Rs 10 crore. In the current financial year, the profit is expected to be Rs.5-6 crore and the sales will be Rs.14-15 crore. The InstaShield device can be ordered online from the company’s website and Amazon. Apart from this, dealers, distributors have been made all over India. The company has appointed Shruti Haasan as its brand ambassador.
The company plans big investment in UP
After Hyderabad, the company is now considering to set up its manufacturing unit in UP. During the meeting with the UP delegation on Wednesday, both the promoters signed an MoU for an initial investment of 20 crore in UP. Apart from setting up the unit in UP, the company will also do its marketing and promotion here. Hitesh said that UP is a big market and he is impressed by the major changes in infrastructure, connectivity and law and order here under the leadership of CM Yogi. He sought support from the representatives of the government for their investments as well as large scale business in UP. On behalf of the representatives, they were informed about the safe environment and all the reliefs and incentives provided by the government to investors.
According to Hitesh, the company is working on the enhancement of the InstaShield device, after which one device will be sufficient to kill the virus in an area of 25,000 square feet. Work is on to make it effective for swine flu and bird flu as well. InstaShield is set to launch its IPO in December 2023. Exports are expected to start by February 2023. Through investment in UP, the compoany will be able to use a bigger platform and will be able to earn huge profits under the umbrella of CM Yogi.
