Lionstead Applied Materials, the advanced materials platform of Lionstead Ventures (LV), has signed a definitive agreement to acquire Ceramat Private Ltd, a manufacturer of bio-ceramics and a subsidiary of Tata Steel Advanced Materials Ltd for about ₹1 crore.
“The acquisition strengthens LV’s advanced materials portfolio and establishes Ceramat as its dedicated platform for bio-ceramics,” the company said.
“Ceramat’s expertise in high-purity, biocompatible materials positions it to serve fast-growing applications across orthopedics, oral care, pharmaceuticals, food, and cosmetics—sectors that are increasingly demanding cost-effective and scalable solutions,” it added.
“Ceramat’s technology and products align with our vision to invest in advanced materials that will drive the next wave of industrial innovation in India. In tune with the vision of Viksit Bharat, we aim to position India as a global leader in advanced materials,” said Dr. Debashish Bhattacharjee, managing partner, Lionstead Ventures.
Currently, India’s demand for bio-ceramics is largely met through imports. According to industry estimates, the global bio-ceramics market stands at $5.6 billion and is projected to reach $10.5–12 billion by 2030, growing at a CAGR of 8–10%.
Published – August 19, 2025 06:51 am IST
