Cryo-Save launches Indian operations

Cryo-Save Group recently announced the launch of its India operations through its 100 per cent subsidiary, Cryo-Save India. The Indian subsidiary has been set up with an investment of Euro 1.8 million and the Group plans to scale up its investment to Euro 2 million within a year of the subsidiary's operation.

Cryo-Save Group, one of the largest adult stem cell storage banks in Europe, 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. It 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. It is 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 cities.

Speaking on the occasion, V R Chandramouli, managing director, Cryo-Save India, said, "A world class stem cell banking service was the need of the hour for a huge market like India. We are very keen to extend our footprint to India and are excited about the immense market potential for adult stem cell banking or family banking in India."