Agarwal joins the firm one year after the merger of Medical Device Components LLC and Lighteum LLC. The company, backed by the private equity firm Montagu, currently operates manufacturing hubs across California, Mexico, and Australia. Chairman Gregory T. Lucier cited Agarwal’s history of disciplined execution and his capacity for scaling high-performing organizations as primary drivers for the selection.

Prior to this appointment, Agarwal led the private equity-backed Capsa Healthcare, where he oversaw a 20% increase in revenue and EBITDA over an 18-month period. His background includes senior roles at Vyaire Medical, Acelity/KCI, Smith & Nephew, and GE Healthcare. Throughout his career, he has managed over $15 billion in M&A activity, focusing on enterprise transformation and commercial acceleration. Agarwal intends to prioritize customer-centric solutions and rapid innovation to solidify Lighteum’s position in the global medtech market.