Kolkata: Lionstead Applied Materials, the advanced materials platform of Lionstead Ventures (LV), has acquired Ceramat, a manufacturer of bio-ceramics and a subsidiary of Tata Steel Advanced Materials Ltd. The definitive agreement was signed in Mumbai on Aug 18, 2025.
The acquisition strengthens LV's advanced materials portfolio and establishes Ceramat as its dedicated bio-ceramics platform. With expertise in high-purity, biocompatible materials, Ceramat is positioned to cater to fast-growing applications in orthopedics, oral care, pharmaceuticals, food, and cosmetics—sectors witnessing increasing demand for cost-effective and scalable solutions.
"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 line with the vision of Viksit Bharat, we aim to position India as a global leader in advanced materials," said Debashish Bhattacharjee, managing partner, Lionstead Ventures.
Currently, most of India's bio-ceramics demand is met through imports. With rising domestic needs, particularly in medical devices and consumer health, Ceramat's portfolio is expected to deliver significant cost, accessibility and supply-chain advantages.
Industry estimates place the global bio-ceramics market at $5.6 billion, projected to reach $10.5–12 billion by 2030 at a CAGR of 8–10%.