The Pharma Giant in making announces IPO and expansion in MENA

business-standard | May 31, 2019

The Pharma Giant in making announces IPO and expansion in MENA
In a cloud of an organised healthcare ecosystem, the demand for speciality chemicals and pharmaceutical products is unprecedented. The global pharma industry reached new heights in FY18, estimated to be over $1.11 trillion. By FY20, the figure is set to surge to over $1.44 trillion.With new government policies in place to promote optimum development of the healthcare infrastructure, Sudarshan Pharma has announced an IPO (Initial Public Offering) in June to fuel growth prospects and deliver incremental returns to shareholders. Currently, Sudarshan Pharma works with one of the most reputed clientele - including names like Cipla, Sandoz, Sun Pharma, Jubilant Life Sciences, Lupin, Teva, etc.At Sudarshan Pharma, the founders, i.e., Hemal V. Mehta & Sachin V. Mehta, have a combined experience of over 25 years in the special chemicals, bulk drug and pharmaceutical industry. Currently, the company has a contract manufacturing agreement with four pharmaceutical companies, wherein it has also joined hands with regular suppliers having FDA and WHO approved plant to deliver pharma formulation and more than 100 generic pharma products."Sudarshan Pharma Limited is proud of its robust manufacturing facilities well equipped with technology. It has grown leaps and bounds reflecting ultra-positive Revenue, EBITDA and PAT with a CAGR of about 54 per cent, 140 per cent and 194 per cent respectively over four years. Remarkable milestones prove that the company will continue to upgrade the highest quality of standards. Our step towards IPO is a testament to our bullish growth over the years and incremental return opportunities for equity holders in the years to come", said Hemal Mehta, Managing Director. Sudarshan Pharma has entered into various agreements with storage houses/warehouses across the nation, especially in Maharashtra and Himachal Pradesh for stock management and storage. Currently, the company supplies Active Pharmaceutical Ingredients (APIs), Intermediates Finished Dosage Formulations (FDFs) and Specialty Chemicals (SCs) in the domestic markets. Sudarshan Pharma also exports to countries like Uzbekistan, Bangladesh, Taiwan, Sultanate of Oman (Muscat) Dubai (UAE) & UK.

Spotlight

Presentation by Andrew Jenner, Director of Innovation, IP and Trade at the IFPMA. Geneva Pharma Forum on Biopharmaceutical Innovation and Legal Certainty (WIPO, 17 April 2012).

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Spotlight

Presentation by Andrew Jenner, Director of Innovation, IP and Trade at the IFPMA. Geneva Pharma Forum on Biopharmaceutical Innovation and Legal Certainty (WIPO, 17 April 2012).