The company said fat tissue in the body which is called stromal vascular fraction (SVF) is used in various applications including post mastectomy breast reconstruction/ cosmetic breast augmentation, facial restructuring, deformity correction, scar and wrinkle reduction.

Stempeutics chief executive officer Manohar was quoted by the Hindu Business Line as saying that the company’s Stempeutron collects cells from adipose or fat tissue which is potential in plastic and reconstructive surgery applications.

"Currently the product is under development and is expected to be ready in one-year time," Manohar added.

"Owing to significant increase in income of the middle class households and changing lifestyles, it is expected that the Indian cosmetic surgery market is expected to grow at a compound annual growth rate (CAGR) of around 31 per cent during 2010-13."