With 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 the novel coronavirus.
InstaShield claims that its device, launched in March 2022, is 99.9 per cent effective in guarding against and destroying all types of viruses including SARS-Coronavirus 2.
The owners of the company gave a presentation of this device during the meeting with a delegation of Yogi Adityanath government while Cabinet Minister Baby Rani Maurya expressed her liking for the innovative product of the company.
After meeting with Team Yogi, InstaShield promoter and director CS Jadhav and Hitesh M Patel said that they started the company in August 2017 and it was registered with MSME (micro, small and medium enterprise), Startup India and Gem Portal.
According to them, when the whole world was busy devising ways to tackle COVID-19, InstaShield invented its own device to prevent the spread of the pandemic.
They said the device was launched in March 2022 and today the company's turnover had 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.
The company claims that the InstaShield device is a breakthrough device as it uses the first of its kind Centre for Cellular and Molecular Biology (CCMB) approved virus attenuation technology. This technology disables all types of viruses, including SARS-CoV2 with 99.9 per cent effectiveness.
Hitesh says that a single InstaShield device is sufficient to keep an area of 5,000 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 per cent safe for humans and the environment.
InstaShield device is a Make in India product. Hitesh says that when the testing of this device was going on, by that time eight novel coronavirus variants had arrived. The device was tested for all variants and the results were positive. This device is capable of killing the virus in nanoseconds. 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.
After Hyderabad, the company is now considering setting up its manufacturing unit in UP. During the meeting with the UP delegation on Wednesday, both the promoters signed a memorandum of understanding (MoU) for an initial investment of Rs 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 was a big market and he was impressed by the major changes in infrastructure, connectivity and law and order in UP under the leadership of Chief Minister Yogi Adityanath. 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.