– Operations in 80+ countries with over 45,000 installed platforms and 66% international revenue mix
– Consumables account for 46% of revenue, with more than 5.5 million HIFU procedures performed annually worldwide
– Accelerating growth through two strategic M&A transactions over the past two years
SEOUL, South Korea, April 30, 2026 /PRNewswire/ -- Classys Inc. (KOSDAQ: 214150), a global medical aesthetics platform company, has released its latest Annual Report, outlining its global installed base and scalable business model.
The company operates in more than 80 countries and has built a cumulative installed base of over 45,000 systems, supported by a high-margin, consumables-driven revenue structure.
The global medical aesthetics market continues to be driven by strong demand for injectable procedures led by companies such as Galderma. At the same time, energy-based devices (EBD) are gaining increasing attention as providers and patients seek solutions that support more natural-looking outcomes.
Against this backdrop, Classys has developed a differentiated portfolio of energy-based technologies, positioning the company to address evolving market demand.
Looking ahead, 2026 is expected to be a pivotal year for Classys, with strong earnings visibility. The company has provided revenue guidance of approximately KRW 490 billion, representing 45% year-over-year growth. This outlook reflects expanding direct operations in Japan and Brazil, increasing adoption across Europe and the United States, and continued growth of its monopolar RF platform, Everesse (Volnewmer).
Classys is also advancing its global go-to-market strategy by transitioning from a distributor-based model to direct operations in key markets. This shift is expected to enhance brand control, strengthen customer engagement, and support higher consumables penetration.
The company is progressing regulatory approval in China, which would complete its presence across the three largest global medical aesthetics markets: the United States, Europe, and China. Industry participants view this as a key inflection point for long-term growth.
To support its expansion, Classys has executed strategic M&A, including the acquisition of Ilooda to expand its product portfolio and a Brazilian distributor to strengthen its global distribution network.
Through this strategy, Classys has established a scalable platform business model that combines high growth (30%+ CAGR) and high profitability (50%+ operating margin), reinforcing its long-term growth trajectory through 2030.
View Full Article: https://www.prnewswire.com/news-releases/classys-emerges-as-a-global-leader-in-medical-aesthetics-beyond-k-beauty-highlighting-45-growth-50-margins-and-recurring-revenue-model-302752605.html
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Classys Emerges as a Global Leader in Medical Aesthetics Beyond K-Beauty, Highlighting 45% Growth, 50%+ Margins, and Recurring Revenue Model
Marking a Strategic Shift Towards Intelligence-Led Global Revenue Growth
NOIDA, India, April 30, 2026 /PRNewswire/ -- Denave, a global technology-powered revenue acceleration company, today announced the appointment of Sunil Munshi as its Chief Executive Officer. The move marks a significant leadership milestone as Denave sharpens its global growth strategy and accelerates its transition towards intelligence-led, scalable revenue models.
Sunil succeeds Snehashish Bhattacharjee and brings with him over 32 years of experience in driving business transformation, building high-performance sales ecosystems, and scaling enterprise growth across geographies.
Having previously served as Chief Revenue Officer, Sunil has led the expansion of Denave's APAC business, which today contributes nearly 80% of the company's total revenue, while driving horizontal growth across industries including Oil & Gas, Telecom, IT Hardware, Digital Wallets, eCommerce, and FMCG.
Commenting on the appointment, Raghunandana Tangirala, Promoter, Chairman and Managing Director, UDS Group, said:
"Sunil's appointment comes at a defining moment for Denave as we align the business with UDS Group's long-term vision of building a globally integrated, technology-led services platform. His deep understanding of revenue ecosystems makes him the right leader to drive this next phase of growth at Denave."
Samriti Malhotra, CHRO, UDS Group, added:
"Sunil's leadership style is rooted in accountability, adaptability, and building high-performing teams. As Denave evolves within the UDS ecosystem, his focus on people, capability-building, and execution excellence will play a key role in shaping a resilient and future-ready organization."
Prior to Denave, Sunil held leadership roles across the Office Automation, Telecom, Software, and BPO sectors, where he led sales operations, strategic initiatives, and market expansion efforts.
Sharing his perspective on the new role, Sunil Munshi, CEO, Denave, said:
"Denave is at an exciting point in its journey, with the backing of UDS and a clear opportunity to redefine how enterprises approach revenue growth. The next phase is about scaling with precision—to drive measurable impact for our clients."
About Denave
Denave is a global, AI-powered revenue acceleration company with 27+ years of experience in driving GTM success and enterprise growth across 5 continents, 50+ countries, and 500+ cities.
About UDS Group
UDS is a publicly listed company with 36+ years of expertise, delivering integrated facilities management, sales enablement, and business assurance services across 33 industries, supported by 70,000 employees and a strong focus on operational excellence and sustainability.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Sunil Munshi Appointed CEO of Denave
