Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Innovexia Life Sciences Pvt. Ltd.
From the 19th century onwards, the world saw how pharmaceutical science improved remarkably. It was during that period when the pharmaceutical industry witnessed some major developments in new classes of pharmaceuticals. Scientists and biologists worked hard to make prominent progress with their in-depth research to create some of the vital drugs that many of us are familiar with today.
Innovexia Life Sciences Pvt. Ltd. was established in 2011, that produces, trades distributes, and supplies a large variety of pharmaceutical medicines and injections. It is also regarded as one of the leading pharmaceutical franchise companies in Chandigarh.
Let us find out more about Life Sciences Innovexia Pvt. Ltd’s success story, its founder, the type of business model they have, how it generates its revenue, and so on.
Innovexia Life Sciences Pvt. Ltd. – Company Highlights
The Innovexia Life Sciences Pvt. Ltd is a pharma company that is engaged in offering a wide variety of products ranging from advanced antibiotics, high-quality vitamins, minerals, protein, chemicals, and other materials. The company is also engaged in the services of marketing a wide range of medicines under the business segment – the PCD Pharma franchise. Innovexia also offers contract manufacturing services to various clients to help them in the smooth functioning of the business. It deals in manufacturing products like tablets, capsules, derma range, ayurvedic products, herbal products, and many more at its technologically advanced manufacturing unit, which is GMP and WHO-approved. The company deals in brands like Duotime-S, Innoscab, Rightpro Plus, Innodent, and many more.
Innovexia Life Sciences is considered to be one of the emerging pharma companies in India.
Innovexia Life Sciences Pvt. Ltd. – Industry Details
In terms of quality manufacturing and value, the Indian Pharmaceutical industry comes at the 14th position. As per a survey, the domestic pharma market is anticipated to grow at least 3 times more in the coming years and is likely to reach $50-60 billion by 2025.
Innovexia Life Sciences Pvt. Ltd. – Founder
Innovexia Life Sciences is founded by Sandeep Khajuria.
Sandeep Khajuria Founder-Innovexia
Sandeep Khajuria
Sandeep Khajuria is presently the Chairman and Managing Director at Innovexia Life Sciences. He is a well-known and respected figure in the pharmaceutical sector. Mr. Sandeep Khajuria has more than 25 years of expertise in this field. He has worked in various sectors like Human Resources, Sales & Marketing, and Production & Distribution, at different levels in popular companies like Dr. Reddy’s Laboratories & Cipla Limited.
Innovexia Life Sciences Pvt. Ltd. – Mission and Vision
Innovexia Life Sciences’ mission statement is, “To become a leading Pharmaceutical Company in India in the sphere of excellence manufacturing, innovation, formulation, marketing and to escalate the business from the threshold of country and to become a forerunner in overseas.”
The company aims to improve the health of every person by offering its customers a wide range of pharmaceuticals.
Innovexia Life Sciences Pvt. Ltd. – Name, Tagline, Logo
The tagline of Innovexia Life Sciences is, “Life through Innovation”
Innovexia Life Sciences Pvt. Ltd. – Business & Revenue Model
Innovexia Life Sciences business involves offering three types of services – High-quality Pharma products, PCD Pharma Franchise, and Contract Manufacturing.
High-quality Pharma products
Innovexia manufactures some first-rate pharmaceutical products at affordable prices. All of its products have been certified by ISO, WHO, and GMP. It creates medicines and drugs for Dental, Gastro, Injections, Herbal, Nasal Spray, Pediatrics, Syrups, Lotions, Urology, Tablets, and Capsules.
PCD Pharma Franchise Business
Innovexia is also engaged in offering marketing solutions for pharma startups from across the country. The company seeks Pharmacy dealers, manufacturers, and distributors to become a part of the Pharma Franchise in Chandigarh. With this initiative, the company aims to open doors for other pharma startups to help them achieve substantial growth with a remarkable profit margin. Its key focus area is Allopathic PCD Pharma Franchise across India. The company also targets Baddi as its main location with the PCD Pharma Franchise in Baddi (Himachal Pradesh). Apart from these two locations, it is also looking for companies for District wise PCD Franchise in other states such as – Andhra Pradesh, Assam, Bihar, Bangalore, Chhattisgarh, Goa, Odisha, Gujarat, Rajasthan, Tamil Nadu, Kerela, Uttar Pradesh, Maharashtra, Madhya Pradesh, Tripura, Uttarakhand among many others.
Contract Manufacturing
Innovexia Life Sciences also takes up the manufacturing process of other companies. The company does its business with full transparency without any hidden costs. It also claims that its manufacturing units are well-equipped with the latest technology and machines to make sure that they deliver maximum output in a given time frame. Furthermore, the company also takes care of the packaging of its drugs. It uses quality packaging techniques so that the drugs are free from any damage. All in all, Innovexia Life Sciences focuses on every bit of the manufacturing process.
Innovexia generates its maximum revenue through the three services it offers. To be precise, the company gains through its contract manufacturing process as it is a market leader in the domestic contract manufacturing sector in the pharmaceutical industry.
Innovexia Life Sciences Pvt. Ltd. – Award & Achievement
Innovexia Life Sciences has won the following awards:
Innovexia Life Sciences has won the India 5000 Best MSME Award For Quality Excellence – 2020.
Innovexia Life Sciences received the IndiaMart TrustSeal certificate in 2013
Innovexia has been certified by ISO 9001: 2015 for Quality Management System
Innovexia Life Sciences was recognized by Indiamart for the ‘Leaders of Tomorrow Award.
Innovexia Life Sciences Pvt. Ltd. – Competitors
The list of top competitors of Innovexia Life Sciences are:
Innovexia Life Sciences is actively looking for pharma partners in other states besides Chandigarh and Baddi to expand its PCD Pharma Franchise Business. The company is always striving to improve the quality of its pharma products to enhance patient’s life with its innovative and effective products.
FAQs
Who is the CEO of Innovexia Life Sciences?
Sandeep Khajuria is the CEO of Innovexia Life Sciences.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.
Who does not loves to play games, especially online or pc games? Who says only kids can play games? Adults can equally indulge in games to give themselves a break from work.
Playing games is a great way to deal with boredom. It also acts as a stress-buster, when one has to take a minute to engage in the world of fun and fantasy and escape ordinary life. If we talk about the history of video games, then that dates back to somewhere in the 1950s to 1960s.
So far, with the rise of new technology, the gaming world has also evolved. Today, we have dedicated websites where we can play games directly through the internet without downloading them or using CDs or other mediums.
Games24x7 is one of the leading Indian online gaming startups which was founded in 2006 that offers various skill games like RummyCircle and My11Circle in a hyper-personalized gaming experience.
Read the article further to know more about Games24x7’s success story, how it functions, its founders, business & revenue model, growth, funding and investors, and so on.
The idea of Games24x7 came in a lab at New York University by two friends – Bhavin Pandya and Trivikraman Thampy. The duo shared common interests in online games, which eventually gave birth to Games24x7 in 2006.
It started its journey by launching its first online game RummyCircle. Rummy is a kind of card game played with two decks of cards and a total of two Jokers. The platform offers online rummy. Later in 2015, Ultimate Games (U Games), the company’s casual games studio, was established to develop new games for the worldwide market.
Around 2019, Games24x7 launched My11Cricle, which is one of the country’s top fantasy sports platforms. This platform includes sports like Cricket and Football.
In 2021, Games24x7 expanded its gaming platform by adding carrom, and kabaddi to its My11Cricle portfolio.
RummyCircle and My11Cricle involve real money as the prize. The Games24x7 crew is varied, skilled, and dedicated, with offices in Mumbai, Bengaluru, New Delhi, Kyiv, Philadelphia, and Miami. The firm focuses on providing amazing gaming experiences across multiple platforms by leveraging behavioral research, technology, and artificial intelligence.
Other than online gaming, Games24x7 has specialties in Game AI, Data Science, Skill Games, Content AI, Artificial Intelligence, Machine Learning, Supervised Learning, Mobile Games, Process AI, and Data Analytics.
Games24x7 now utilizes Amazon CloudWatch to survey its applications, which consistently delivers notifications that assist engineers to detect and act on likely problems before they arise, preventing an interruption in the user experience. In addition, since there is real money involved in their RummyCircle, it takes the help of the Amazon Neptune graph database to determine whether two players in a game are conspiring to outwit the other four players. This allows the company to stay alert and prevent any sort of fraudulent activities.
Games24x7 was highlighted as one of eight innovative startups using the potential of new-age innovation to develop a new-age India on Discovery Channel’s TV series, India Startup Stories. It is also India’s 99th unicorn company.
Games24x7 – Industry
As per a report, there are about five billion internet users around the world, accounting for 63% of the world’s population. Experts predict that the tech industry will have a growth rate of 104% between 2018 and 2023.
Games24x7 – Founders
Bhavin Pandya and Trivikraman Thampy founded Games24x7 in 2006.
Bhavin Pandya
Bhavin Pandya is also the CEO of Games24x7. His responsibilities involve looking into the company’s operations and game development. Bhavin graduated from Purdue University with a bachelor’s degree in Electrical and Computer Engineering. He likes to make sure to achieve the company’s strategic goals and ensures that the correct culture is established and maintained. One of the most challenging things for Bhavin was to leave a fully-funded Economics Ph.D. program at New York University to go after his passion and launch Games24x7. He has interned at General Electric Healthcare for almost a year.
Trivikraman Thampy
Trivikraman Thampy likes to be called Vikram by his teammates. He lives in Miami and has led the firm through multiple successful product launches, marketing campaigns, and investment rounds. Trivikraman has a Ph.D. in Economics from New York University and a bachelor’s degree in Aerospace Engineering from the Indian Institute of Technology, Bombay. He has a total of 14 years of experience in handling the analytical abilities and strategic judgments of the company ever since its beginning.
Games24x7 – Mission and Vision
The vision statement of Games24x7 is, “To nurture people to develop the core values and traits that we believe are the key to any organization’s success.”
The Core Values of Games24x7 are:
Honesty
Humility
Genuineness
Decency
Fairness
Games24x7 – Name, Tagline, and Logo
Over 14 years, Games24x7 has been transformed many times and has experimented with multiple logos and concepts.
The current logo of the company was revealed in January 2020. The new logo of the company demonstrates the importance of its mission.
The new logo shows a tech stack with coding symbols to give a form of a cube with the alphabet ‘G’ on top of the cube symbol. The logo mirrors Games24x7’s brand identity, bringing in aspects of imagination, ideation, and intelligence. It is led by a bold and steady blue with a flash of lively orange color, accompanied by tranquil teal and aqua accents.
The tagline of Games24x7 is, “The Science of Gaming”, which truly defines its creativity and as the technology leader in today’s gaming market.
Games24x7 – Business & Revenue Model
The business model of Games24x7 can be defined as having an online model where it offers a hyper-personalized gaming experience to its customers. The company works on a model-driven rather than a data-driven one, with machine learning (ML) models directing essential business logic across the operation. By leveraging technologies such as AI, ML, Data Science, and so on, the company is now offering these services as B2Bproducts for other firms.
The three major gaming platforms of Games24x7 are:
RummyCircle
My11Circle
U Games
Games24x7 gets its major chunk of revenue through RummyCircle and My11Circle gaming platforms.
Games24x7 – Funding and Investors
Games24x7 has raised $75 million in fundraising across two waves. Their most recent fundraising came on March 30, 2022, in the form of a Venture-Series Unknown round. Four investors support Games24x7. The most recent investors are Malabar Investment Advisors and Tiger Global Management. The other two investors of Games24x7 are The Raine Group and Das & Co.
Date
Funding Round
Fund Amount
Investors
March 30, 2022
Venture Round
$75 million
Malabar Investment
Jun 5, 2006
Seed Round
–
–
Games24x7 – Investments
Games24x7 has made only one investment as of now. On August 18, 2021, Games24x7 invested in Cricheroes, a web portal aimed at the grassroots cricket ecosystem.
Games24x7 – Advertisements and Social Media
Games24x7 had rolled out a campaign for its sports fantasy platform by featuring Sourav Ganguly, who also happens to be the brand ambassador of My11Circle. The company launched a campaign ahead of IPL 2022. The idea of the ad is crafted by the Script Room. With the #IndiakaSabseBada1stPrize, which was a giveaway prize meant for the games on the My11Cricle platform.
Previously, in 2020, Games24x7 launched a campaign for its RummyCircle platform to bring out the light-hearted competitiveness of the gaming platform among the players. With the title “Apna Game Dikhao” the ad targeted the gaming spirit of rummy offers its players, which is a blend of multiple emotions. The campaign was unveiled on various media including OTT platforms and YouTube.
Recently, Games24x7 has roped in Bollywood Actor, Hrithik Roshan as its RummyCircle’s brand ambassador.
Games24x7 – Awards and Achievements
In May 2022, BCCI awarded the title sponsorship rights of the Women’s T20 Challenge 2022 to My11Circle.
The Indian Digital Marketing Awards (IDMA) 2021 was presented to RummyCircle by teaming with Affle’s MAAS platform for a campaign. The unified platform won eight awards. This was Games24x7’s first-ever mobile-user acquisition campaign with MAAS.
The awards are:
Best use of Mobile to Drive Sales
Cross Mobile Integration
Most Effective App for Consumer
Best Data-Driven Strategy
Best Omni-Channel Campaign Management & Marketing Automation
Most Effective Use of Digital Analytics
Best Multi-Mobile Channel Campaign
Games24x7 – Competitors
Some of the top competitors of Games24x7 are:
Dream11
FanFight
Daily Fantasy Cricket
Classic Rummy
Junglee Rummy
Octro Inc
Sachar Gaming Pvt. Ltd.
Adda52.com
Games24x7 – Future Plans
The company plans to use its funds to invest more in technology, which is its main platform to diversify its content and aims to remain the market leader. It is also aiming to team with other content creators across international boundaries to bring more gaming content to India.
FAQs
Who is the CEO of Games24x7?
Bhavin Pandya is the CEO of Games24x7.
Who is the Brand Ambassador of Games24x7?
Games24x7 has onboarded Hrithik Roshan as it’s Brand Ambassador.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by InXpress.
Courier companies play a big role in helping us get our goods to our doorstep. With the increase in online shopping, shipping and courier companies are also growing like anything. They are highly useful as it allows for the transport of items of various categories that need to be delivered either urgently, or discreetly.
Founded in 1999, the famous courier service company called InXpress was started by John Thompson in the UK. The company was started to provide world-class courier services across the globe.
InXpress is an international shipping and freight consultancy business as well as a DHL, TNT, and TOLL-authorised sales partner.
The company has been developing its franchise idea since 1999. With its determination to consistent expansion, it has become one of the world’s leading franchisers of international fast package delivery and transportation services.
InXpress’s worldwide and domestic Express & Freight services are available throughout the United States, Asia Pacific, the United Kingdom, Africa, and Europe. InXpress provides its SME customers with unique international and domestic shipping options, as well as special bulk purchasing rates combined with new technological solutions and truly individualized customer care and invoicing. It also has a special purchasing power, which gives SMEs a significant competitive edge in receiving the best online shipping estimates, which are generally reserved for huge enterprises. The company has over 440 franchisees in 14 countries, as well as 30,000 clients.
InXpress – Industry details
Courier services these days have indeed become an inseparable part of every business. With this demand, the Freight Transport Management Market is estimated to grow at a 9.8% CAGR during the forecast period (2021-2027).
InXpress – Founder and Team
InXpress is founded by John Thompson in 1999.
John Thompson
John Thompson was born in Ireland in 1949. He and his family went to England when he was a young man, where he completed his schooling.
John Thompson studied Mechanical engineering at Oldham College. He currently serves as the CEO of InXpress. John has worked in companies like Feature Films for Families (FFFF) and Express Worldwide as Managing Director.
InXpress – Startup Story
It was in 1999 when InXpress was founded in Rochdale, England. Founder John Thompson started the company in his bedroom in Rochdale. The company entered the US market in 2006, shortly followed by Australia and New Zealand.
Today, InXpress is present in 14 countries including Australia, Canada, France, Germany, Hong Kong, India, South Korea, Morocco, Netherlands, New Zealand, South Africa, the United Kingdom, United States, and Vietnam. It has over 440 franchisees with more than 30,000 customers.
InXpress – Mission and Vision
The vision statement of InXpress is, “It finds a way forward for each customer.”
InXpress’s mission statement is, “To help companies simplify shipping through personalized service and group buying power”
InXpress – Name, Tagline, Logo
InXpress’s tagline is, “Your Promise.Our Business.Fast, reliable, competitive.”
InXpress – Business & Revenue Model
InXpress’s business operates as a B2B consultative sales franchise model. It has business operations spread over 500 franchisees.
InXpresse’s franchisees work like consultative salesmen, offering small-to-medium-sized businesses large shipping discounts and local support while earning money on every cargo ship. Most franchisees begin as owner-operators from their homes and subsequently develop their businesses by relocating into flex office space and hiring a small sales/customer service crew. To enable franchisees to focus entirely on developing their business, the InXpress corporate support team handles all back-office accounting, including payments, invoicing, billing, and collections.
In the United States, InXpress is the only logistics provider with Authorized Reseller relationships with DHL, and other trucking freight companies. To provide a wide range of shipping alternatives, InXpress maintains arrangements with the best-in-class international and domestic parcel and freight carriers.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Pubmatic.
We are, of course, in the digital world, where every piece of information is available on the internet about news, sports, entertainment, products, and services. As a matter of fact, marketing products need the right set of advertising strategies to reach a mass audience.
To market different products and services, an online advertising company is a solution for publishing them on various digital mediums. An online advertising company can be a game changer for many companies to advertise their products or services on the internet that can attract customers from all over the world giving them leads and sales. Brand awareness can be achieved mainly through online and digital marketing. The scope that an online advertisement offers cannot be achieved through traditional marketing. There are companies today that are engaged only in providing exclusive advertising software and strategies for publishing ads on digital platforms.
Pubmatic, Inc. is one such company that offers a digital advertising supply chain for content creators across the internet to derive a return on investment. It was founded in Pune by Amar Goel, Anand Das, Mukul Kumar, and Rajeev Goel.
Learn more about Pubmatic in this article like – Pubmatic’s industry details, founders, mission and vision, business and revenue model, competition, funds and investors, and many more.
Pubmatic – Company Highlights
Headquarters
California, USA
Sector
Online Advertising
Founder
Amar Goel, Anand Das, Mukul Kumar, and Rajeev Goel
Founded in 2006, Pubmatic is an omnichannel sell-side platform, which is built on a specific architecture. The platform is designed in a way to enable scalable and adaptable innovation. Besides, this, the platform is mainly customer-specific, which allows them to completely realize the benefits of their customer’s existing digital advertising strategy. By using automated methods, PubMatic’s advertising software connects publishers of websites, videos, and mobile applications with ad buyers, while enabling consumers to opt out of having their personal information gathered on internet searches.
Since its inception, the company has had a dual focus on transparency and providing solutions that tackle the industry’s most urgent concerns, as validated by its customers and third-party verification businesses, while also serving as an open internet advocate. Pubmatic strongly believes in delivering better consumer results while advocating for a dynamic and transparent digital advertising supply chain.
The company has offices in several places across the world. Its trade name is Nasdaq: PUBM.
Pubmatic – Industry details
Pubmatic belongs to the online advertising industry. Today, the marketing industry is taking the world by storm due to its dynamic trends and technology. In India itself, the industry is estimated to reach a value of Rs 414 billion by the end of 2022. In addition to this, the digital market will grow at a CAGR of 27.4% to surpass the Rs.50,000 crore mark.
Pubmatic – Founders
Amar Goel, Anand Das, Mukul Kumar, and Rajeev Goel are the founders of Pubmatic.
Amar Goel & Rajeev Goel
Amar Goel
Amar Goel is one of the founders of Pubmatic, who also serves as the Chief Innovation Officer. His responsibility includes growing liquidity and generating revenue for publishers on the PubMatic platform along with data algorithmic product innovation, machine learning, and marketplace quality. Prior to founding Pubmaitc, Amar also founded many companies like Komli Media and Chipshot.com. He has rich experience in digital media and advertising. Amar started his career journey by working for Microsoft and McKinsey & Co.
Rajeev Goel
Rajeev Goel is currently the CEO of Pubmatic. He is also one of four founders of Pubmatic. Before he joined PubMatic in 2006, he was a co-founder of Chipshot.com along with his brother Anand Goel. Chipshot.com is an online retailer of custom-built golf equipment, where he served as vice president of technology and oversaw product management and development. Under Rajeev’s direction, the firm has expanded and evolved into a publicly listed enterprise with over 600 people and 15 global offices.
Anand Das
Anand Das is among the founders of Pubmatic and has over 15 years of experience in technology. He is responsible for developing the company’s technological strategy and preparing PubMatic for future development in his capacity as CTO. Anand graduated from the University of Pune with bachelor’s and master’s degrees in computer science.
Mukul Kumar
Mukul Kumar serves as the President of the Pubmatic engineering organization, where he is responsible for making sure that PubMatic’s product vision is fulfilled via excellent execution and driving the company’s ongoing product innovation. Mukul holds an Electrical Engineering degree from IIT Kharagpur. He works at PubMatic’s office in Pune, India.
Pubmatic – Mission and Vision
The mission of Pubmatic reads as, “To fuel the endless potential of internet content creators.”
Pubmatic – Name, Tagline, and Logo
The tagline of Pubmatic is, “Fueling Advertising Innovations”
Pubmatic – Business Model
Pubmatic operates its business through a digital advertising business. It can be assumed that the Pubmatic platform works on the B2B model. The company offers sell-side platforms for independent app developers, tech companies, and other publishers to control and generate maximum their digital advertising business. Through Pubmatic’s platform, clients may get complete transparency and more control over their programmatic monetization by using its technology, global infrastructure, and demand linkages on a platform-as-a-service (PaaS) basis.
It offers various solutions for buyers, publishers, app developers, and video publishers.
Pubmatic has products that are designed to give a distinct module that gives its clients the full liberty to optimize in their way. Some of the products are Ad quality, Connect, Cross-screen Video, inventory quality, media buyer console, identity hub, open wrap, open wrap ott, and private marketplaces.
Pubmatic – Revenue Growth
The company has reported having a strong track of revenue growth. In 2021, Pubmatic announced that its platform had 23.9 trillion impressions in the third quarter, which is a 103% increase over a course of one year. The revenue for this year’s third quarter is around Rs 6.3 crores. The company expects to gain around $281 million in revenue by end of 2022.
Pubmatic – Funding and Investors
PubMatic has received $63 million in investment across six rounds. Their most recent fundraising came through a Secondary Market round on June 19, 2015. PubMatic is backed by seven investors. The most recent investors are SharesPost Investment Management and Helion Venture Partners.
Date
Funding Round
Funding Amount
Investor
June 19, 2015
Secondary Market
–
–
February 6, 2014
Venture Round
$13 million
NGP Capital
June 6, 2012
Series D
$32 million
–
April 15, 2010
Series C
$7.5 million
Helion Venture Partners
March 16, 2009
Series B
$3.5 million
–
January 1, 2008
Series A
$7 million
Nexus Venture Partners
Pubmatic – IPO
The company raised $118 million in the IPO round. The estimated valuation is said to be around $956.5 million. PubMatic is traded on the NASDAQ under the symbol NASDAQ: PUBM. In their December 8, 2020, IPO, their shares opened at $20.00.
Pubmatic – Mergers and Acquisitions
Company
Amount
Date
Mocean Mobile
$15.5 Million
May 19, 2014
MobiPrimo Technologies
–
March 2012
Revinet
–
May 17, 2011
Pubmatic – Awards and Achievements
Some of the awards won by Pubmatic are:
Pubmatic was recognized as a Top Company for Women (2017)
Pubmatic won Top rated Company Culture
Won the Top Rated Sales Team (2017)
Won the Top Rated Companies in San Francisco (2017)
Pubmatic – Competitors
In this competitive world, where business is fighting to showcase their product on the internet world, many such advertising software companies have come up in the market. Pubmatic competes with the following competitors:
Google Ad Manager
Magnite
AdSense
OpenX
Google AdMob
One by AOL
Sharethrough
Facebook Audience Network
Pubmatic – Future Plans
Recently, Pubmatic has opened new offices in Pune to expand its global headcount and business growth. This development is part of a larger investment program in the company’s platform and engineering teams as it grows its market share.
The company’s strategic plans can be seen through its infrastructure-driven strategy and a usage-based model and as it is expanding its business in emerging formats such as CTV and OTT streaming, as well as mobile app gaming. It plans to double its engineering headcount by the end of 2023.
FAQs
Who is the CEO of PubMatic?
Rajiv Goel is the CEO of PubMatic.
Who owns PubMatic?
Amar Goel owns the majority takes in PubMatic.
Where is Pubmatic based?
PubMatic is based out of Redwood City, California, USA.
Who are the major competitors of PubMatic?
Wrk, Flo sports and Share through are some of the major competitors.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Godrej.
The conglomerate industries are those that own many smaller firms that operate in different production of goods like medicines, food, apparel, household goods, kitchen appliances, etc. We are all aware that India houses many such conglomerate companies.
It is quite fascinating to see how these companies operate so many businesses. While they are engaged in such businesses, what exactly is the reason for them to do so? The answer is they want to lower the business risks by decreasing the dependence on just a single product or market for that matter.
Godrej, the brand we all know, is an Indian multinational conglomerate that was founded in 1897, almost, 125 years ago. The persons behind Godrej’s establishment are Ardeshir Godrej and Pirojsha Burjorji Godrej.
As a conglomerate company, Godrej is engaged in many businesses like – consumer goods, real estate, furniture, industrial engineering, appliances, security, and agricultural products.
To know more about the company, Godrej, read on to uncover its startup story, founders, business and revenue model, the challenges faced, investors, competitors, and more.
Godrej was established before India got its independence. The company was founded in 1897 by Ardeshir Godrej and Pirojsha Burjorji Godrej. Today, around 1.1 billion people worldwide support Godrej’s businesses in a variety of industries. The company’s geographic influence actually goes beyond Earth because a lot of India’s space projects are currently powered by its engines.
Godrej has a turnover nearing Rs 70 billion at the end of the fiscal year 2022. The corporation works in a variety of industries, including agriculture, consumer goods, industrial engineering, real estate, appliances, and furniture. Its affiliates and subsidiaries include the private holding firm Godrej & Boyce Mfg. Co. Ltd., Godrej Consumer Products, Godrej Agrovet, and Godrej Properties, as well as Godrej Industries and its subsidiaries.
For Godrej, the core of everything is its people. They take great satisfaction in cultivating a culture of high performance and agility in the workplace. Additionally, Godrej has a strong commitment to valuing and recognizing diversity among its employees.
Godrej – Founders
Godrej was founded by Ardeshir Godrej and Pirojsha Burjorji Godrej in 1897.
Ardeshir Godrej & Pirojsha Burjorji Godrej – Founders of Godrej
Ardeshir Godrej
The first of Burjorji and Dosibai Gootherajee’s six children, Ardeshir Burjorji Sorabji Godrej was born in 1868. The Gootherajees were a prosperous Parsi-Zoroastrian family from Mumbai, and Burjorji and Sorabji, Ardeshir’s father and grandfather, were real estate brokers. His father changed the family name to Godrej in January 1871. Ardeshir with his brother Pirojsha co-founded the Godrej Brothers Company, which today is known as the Godrej Group. Ardeshir wed Bachu (Bachubai) in 1890, who had just turned 18 years old.
Pirojsha Burjorji Godrej
Priojsha Burjorji Godrej is the brother of Ardeshir Burjorji Godrej and a son of Burjorji Godrej. Projsha and his brother Ardeshir established the Godrej Group, an international business. At the age of 24, shortly after receiving his diploma from Mumbai’s Victoria Jubilee Technical Institute, Pirojsha joined the company. Due to the flu outbreak, Pirojsha’s young wife Soonabai passed away in Mussoorie. He had three sons Sohrab, Burjor, and Naval, and one daughter called Dosa. In the Mumbai suburbs, the industrial township of Pirojshanagar bears his name. The Godrej Group is currently led by Pirojsha’s grandchildren Adi, Nadir, and Jamshyd.
Godrej – Startup Story
After being established in 1897, a few years later, Godrej started by introducing Chavi, the first animal-fat-free soap ever produced in the world. In 1922, renowned figures like Annie Besant and Rabindranath Tagore came in support of Godrej’s products.
In a letter to a rival seeking a favor, Mahatma Gandhi wrote: “I hold my brother Godrej in such high respect that if your endeavor is going to injure him in any way, I regret very much that I cannot grant you my blessings.
Godrej then launches furniture with almirahs (steel cupboards) after locks and soap in 1923. On the day of Indian Independence in 1952, Cinthol is introduced by Godrej, which makes them by ranking as the second-largest soap manufacturer in India. In 1958, refrigerators are launched by the company.
In the 1990s, by founding Godrej Properties, the company introduced the Group’s culture of innovation and excellence to the Indian real estate sector. After one year, the company steps into agribusiness by establishing Godrej Agrovet. In 1997, Godrej completes 100 years of its existence as a group.
With the introduction of Godrej Nature’s Basket, Godrej enter the gourmet retail market in 2005. With over 30 premium outlets, the company is currently India’s top shopping destination for fine goods from around the world. In 2008, India becomes the fifth country to deploy an unmanned mission to the moon with Chandrayaan-1. The company takes pride in the engineering know-how and contributions to the construction of the mission’s launch vehicle and lunar orbiter.
Around 2010, Godrej strives to create a more ‘green’ and ‘good’ environment for the country. On India’s first Mars mission, Godrej is honored to work with the Indian Space Research Organization. The Polar Satellite Launch Vehicle is powered by Godrej Aerospace engines.
The National Stock Exchange and the Bombay Stock Exchange both listed Godrej Agrovet Limited in 2017.
Godrej delivers the 95-meter-tall Continuous Catalytic Regeneration reactor for Nigeria’s Dangote Oil Refinery in 2019, the tallest in the world. It is said to be greater in height than the Qutub Minar.
Godrej – Mission and Vision
Godrej’s mission statement says, “Our passion and purpose is to make a difference through our ‘Good & Green’ approach to create a more inclusive and greener India.”
The vision of Godrej is “Godrej in every home and workplace.“
Godrej’s Values are:
Integrity
Trust
Care for the Environment
To Serve
Respect
Godrej – Name, Logo, and Tagline
Godrej’s logo is taken from PirojshaBurjorji Godrej’s signature.
The tagline of Godrej is, “Brighter Living”
Initially, the company was started with the name, Godrej Brothers Company, and later on, was changed to Godrej Group.
Godrej – Business Model
Godrej is a conglomerate company, whose business model consists of different types of businesses.
Godrej’s Business Vertical contains the following products and services:
Aerospace and Defence
The company has over 200+ Liquid Propulsion Engines for launch vehicles with 600+ thrusters for satellites with an experience of 50+ years of machine-building experience. They are currently working on civil aviation projects with major international companies like Honeywell, GE, Rolls Royce, Boeing, and Safran.
Appliances
Godrej has served 36+Countries. They have created energy-efficient, water-saving, and ecologically friendly air conditioners, refrigerators, and washing machines.
Chemicals
They have broadened their product line to include specialty goods with added value, and export to more than 80 nations in North and South America, Asia, Europe, Australia, and Africa. Godrej is one of India’s leading oleochemicals players, manufacturing and marketing over 100 key chemicals.
Financial services
Godrej offers financial services like loans against property and home loans with Godrej Capital Limited as the holding entity for Godrej Housing Finance (an HFC) and Godrej Finance Limited (an NBFC).
Food & Agribusiness
Godrej produces Crude Palm Oil and Palm Kernel Oil through its Oil Palm Business, Animal Feed business, and Food & Beverage brands with products like Real Good Chicken and Yummiez. It also offers a range of beverage mixes such as tea, coffee, whitener, soups, special Indian drinks, a range of tea bags, and cold beverages.
Furniture, furnishing, and fittings
Godrej has 34 design mark awards with 85+ certified green products. The group has a brand called Godrej Interio, India’s oldest and largest brand of home and office furniture.
General Engineering
Godrej offers products like Godrej Lawkim Motors, Godrej Tooling, Godrej Electricals & Electronics, and Godrej Precision Engineering. The company has over 300+ Gold and Platinum-rated projects.
Heavy Engineering
With Godrej Process Equipment, the company has ranked as the world’s top process equipment fabricator.
Home and Personal Care
The company is the market leader in India for hair color (with Godrej Expert, Godrej Professional, Nupur, and BBLUNT) and ethnic hair color in Sub-Saharan Africa (with Inecto), as well as one of the top companies in Latin America. Their portfolio includes the legendary Darling brand, among other brands (with Illicit, Issue, and Roby). Along with this, Godrej shares the number two spot in the Indian soap market with Godrej No. 1 and Cinthol and holds the top spot in the air freshener market in both India (with Aer) and Indonesia (with Stella). Along with Ezee, they are also the market leaders for liquid detergents in India and wet tissues in Indonesia (with Mitu). Its home and personal care business is operated under its subsidiary company – Godrej Consumer Products Limited (GCPL).
Information Technology
With the www.godrejinfotech.com website, Godrej offers a wide range of IT services with digital and technological solutions, implementation and Global Rollout, Application support & maintenance, Mobile Development, and Training.
Infrastructure
Godrej delivers solutions that address a wide range of needs, including Public Health Engineering (PHE), Electrical, Fire Safety, and HVAC (Heating, Ventilation, and Air-conditioning) systems, thanks to its extensive project management experience across residential, commercial, and industrial establishments.
Intra-logistics
Offering in India and beyond in South East Asia, Europe, and the Middle East, Godrej serves Intra-logistics services. From pharmaceuticals, chemicals, agrochemicals, food, and beverages to textiles, paper, paints, automotive, railways, and defense, they provide services to a variety of industries.
Real Estate
One of the biggest publicly traded real estate companies in the nation, Godrej Properties has a diverse portfolio that includes commercial, residential, and mixed-use developments distributed across India’s major cities. The Godrej Group’s innovation, sustainability, and excellence-focused philosophies are brought to the real estate sector by Godrej Properties. Each of its developments combines a dedication to cutting-edge design and technology with the Group’s history of excellence and trust.
Power and Energy
Godrej has commissioned more than 25 substations and 300 km of 400kV transmission lines have been put into service. Over 16 lakh households in 20,000 villages and 56 major areas in India have been electrified as a result of these programs, which have also installed millions of solar panels to produce renewable energy.
Locks and Security Solutions
From the classic Navtal lock, Godrej offers have developed into high-end, all-encompassing security systems that today protect millions of homes, workplaces, and the locations of illustrious organizations like the Reserve Bank of India, the Taj Mahal, and other significant national organizations. It has benefited more than 1.5 million customers in 65 countries. The company owns an 80% retail market share in home security.
Godrej – Revenue Model
It was reported that Godrej generated nearly Rs 70 billion in revenue in 2022.
The company’s half of its revenue is in the FMCG business, which comes from its international businesses in three emerging markets – Asia, Africa, and Latin America, across three categories – home care, personal wash, and hair care.
Godrej Consumer Products generated around Rs 12,366 crores in revenue in 2022.
Godrej – Challenges Faced
Godrej Consumer Products Limited (GCPL), faced some challenges after five of its eight operations were acquired in 2021. GCPL has a 51% stake in the African hair care firm Darling Group Holdings.
The company struggled to keep up with the emerging demands of the consumer market as the company aims to be a global market in consumer goods. The company believes that local manufacturers of consumer goods are searching for fresher markets abroad as domestic rivalry heats up to fill voids or categories currently occupied by international corporations.
Godrej – Mergers, and Acquisition
Godrej Consumers Product Limited (GCPL) has purchased overseas firms like Keyline Brands Limited (United Kingdom) in 2005, Rapidol (Pty) Limited (South Africa) in 2006, Godrej Global Mid East FZE (Argencos, Argentina) in 2007, and Cosmética Nacional (Chile), among others.
Godrej stated in 2015 that it has acquired a 100 percent equity investment in the South African company Frika Hair.
Godrej Nature’s Basket has acquired EkStop on Feb 17, 2015. They acquired EkStop for $4.8M.
Godrej Agrovet has invested in and made two acquisitions in total. For the purchases, the corporation has invested about $ 83 million. Godrej Agrovet has invested in several industries, including genomics, livestock technology, and others.
Godrej – Advertisements and Social Media Campaigns
With a huge number of followers on its social media pages, Godrej plays like a mastermind when it comes to advertisements and social media campaigns.
One of India’s top real estate developers, Godrej Properties Ltd. (GPL), announced the beginning of its digital brand campaign, #EverydayJoys- Jahaan Khushiyan Badi Hoti Hai. The advertising highlights GPL’s mission to build communities, families, and homes that enable everyday joys one at a time. The campaign was launched in November 2021.
Three digital video advertisements were produced by the company to showcase the beauty of typical family moments that we all enjoy at home. They serve to emphasize how a central home is to most of our favorite recollections. These three movies strive to portray the ideal family moments, daily routines, and favorite spots that everyone has at home.
Godrej – Awards and Achievements
The list of awards and achievements won by Godrej are:
Cinthol ranked 47th overall in the Economic Times – Brand Equity Most Trusted Brands Survey 2016.
Infor awarded Godrej Infotech for “Golden Deal of the Year for 2013”
Ÿ GCPL was ranked number 12 on the ‘Great Place to Work – Best Workplaces in Asia 2017’ list and among the top 19 Best Employers in India in the ‘Aon Hewitt Best Employers 2017’ survey.
Godrej Appliances was awarded the title of Asia’s most promising brand at the Asian Brand and Leadership Summit 2013.
Godrej Appliances won Gold in the category – ‘Most Trusted Brand’ at the Reader’s Digest Awards in 2008 for the 3rd consecutive year.
Recently, Godrej Properties’ net profit tripled to Rs 45.55 crores in the April-June quarter this month. The company plans to deliver over 10 million sq ft in the coming FY23. According to Godrej, the company anticipates a robust launch pipeline this year, which will include both new projects and new phases of ongoing projects in several cities. In the June quarter, three projects were launched.
FAQs
Is Godrej a private company?
Yes, Godrej is a privately held company.
Who owns Godrej?
The company is largely owned by the Godrej family.
Who is the current CEO of Godrej?
Sudhir Sitapati is the current CEO and MD of Godrej.
Is Godrej an MNC?
Yes. Godrej is a multinational company based out of India.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Open.
Time and again, online services have been proving to be beneficial for many people. To ponder, is there anything left that is not available on the internet or cannot be utilized online? The answer is no. Yes, because we are living in the digital world.
Whenever we have something do to with banks, we always go to its nearest branch to get the work done, right? What if the same services can be availed through an online platform? That’s right, it can be operated digitally, and that is called a neo-banking platform.
Open is Asia’s first neo-banking platform based in Bengaluru. Founded in 2017, the company offers banking services for SMEs and startups under RBI’s regulations and policies.
Here is the story of Open which will tell you about its founders, how it works, its revenue and growth, its business model, funding and investors, and more.
Open – Company Highlights
Headquarters
Bengaluru, India
Legal name
Open Financial Technologies Pvt. Ltd.
Sector
Financial Services
Founder
Anish Achuthan, Mabel Chacko, Deena Jacob and Ajeesh Achuthan
As a neo-banking platform, Open provides a business account backed by fellow banks that allows small company owners to accept payments, auto-reconcile them, and make smooth disbursements. It offers a VISA card that permits to operate the banking activities in one place.
Not to get confused, Open is a digital technology platform, and not a bank or has any license related to banking. All the services such as VISA Cars, business current accounts, loans, and other related financial services offered by Open are provided by RBI-licensed banks and financial institutions.
Open is India’s 100th Unicorn startup as it had a valuation of more than $1 billion. The company has helped more than 25 lakh businesses just in India.
Unlike a traditional bank account, Open neobank’s platform has accounts that are designed to cater to the needs of small-scale businesses. It also serves freelancers, startups, developers, etc.
The intelligent and effective features of Open business accounts help any business to have a seamless and hassle-free banking experience.
Businesses can have better results with Open’s features like Collect Payments, Automate Accounting, Expense Management, Send Payouts, and Even integrate banking into their business workflow through powerful APIs. Along with these features, it offers tools to easily track and collect payments.
Through Open’s banking platform, a business can benefit in multiple ways. For instance, a business can directly make payments from its account without adding beneficiaries. It also gives the liberty to have separate personal & business spending.
Banking companies like Yes Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, Smart Banking by SBM Bank, etc are partners of Open. The company boasts of empowering around 50,000 new SMEs and startups every month.
Open – Industry details
The financial services industry is one of the most important industries because it provides various offerings within the financial sector. The Indian financial sector has experienced tremendous growth over the last few years.
The worldwide financial services industry was predicted to develop at a compound annual growth rate (CAGR) of 10.8% from $23,319.52 billion in 2021 to $25,839.35 billion in 2022.
Open – Founders
Anish Achuthan, Mabel Chacko, Deena Jacob and Ajeesh Achuthan are the founders of Open.
Anish Achuthan is also the CEO of Open Financial Technologies. He has worked in the financial business for over 17 years. Other than Open, he co-founded Zwitch, which is India’s first developer-focused payment platform, in 2013, which was eventually bought by Citrus Payments. Anish was also a founding member of PayU India, serving as Vice President (New Initiatives) and business head (Payu Money- SME). The first company founded by him was Ifuturz Technologies, an internet & wireless value-added service provider.
Deena Jacob
Deena Jacob started her career as an Assistant Manager at Deloitte & Touche. She has an experience of more than 15 years of working in different roles in areas such as finance operations, purchase operations, HR and performance management systems, business strategy, financial planning & analysis, treasury, tax, pricing, legal, and compliance in companies like – ICICI Bank, Ernst & Young GSS, Aditya Birla Minacs, etc. Deena is presently the CFO at Open. She is the recipient of the CIMA Most Influential CFOs award in 2016 and the CFONEXT 100 in 2013, recognizing the top 100 finance executives in India, and being named to CFO India’s top 100 CFO roll of honor in the category of management controls in 2017.
Mabel Chacko
Mabel Chacko has a strong passion for startups and entrepreneurship and has over 15 years of experience in the field of financial technology space. Before, founding Open, she played a key role in starting many other companies. The first company co-founded by her is Touch2pay in 2006, which was a biometric payment start-up that worked in the area of financial inclusion in the remote villages of Gujarat. Mabel has worked in companies like Citrus Payment Solutions Pvt. Ltd and PayU. She graduated from IIM Bengaluru. Mabel Chacko was named “Startup Leader of the Year” in 2019 by MEITY and Nasscom, as well as being recognized in the financial field.
Ajeesh Achuthan
After graduating from the University of Kerala with a Bachelor’s degree in Electrical and Electronics Engineering, Ajeesh Achuthan has been listed in Forbes 30 Under 30. He is presently the CTO of Open Financial Technologies Pvt. Ltd. Ajeesh co-founded his first company called InLoc8, which was an indoor location-based ad-tech platform. He has been associated with companies like PayU and Citrus Payment Solutions Pvt. Ltd.
Open – Mission and Vision
Open’s mission statement is, “To deliver a truly seamless business banking experience and make managing finances a breeze.”
Open – Business & Revenue Model
Open operates on a dual business model – B2B and B2C model.
The company’s business operates on a neo-banking platform that offers various banking and financial services to small businesses or startups. Currently, Open serves more than 15,00,000 SMEs and processes $24 Billion in transactions annually. With the exception of assisting businesses in properly managing their client’s money, the platform also provides APIs for developers to incorporate banking and payments into their company activities.
It offers various products and solutions like – Current Accounts, Payment Gateway Solutions, Business Credit Cards, Corporate Cards, Accounting Automation Solutions, and Virtual Cards to manage online subscriptions, UPI Autopay, Cash Management Services, Invoice Management Systems, and Simplified Payouts. The latest addition to these services, Open has also started offering an integrated payroll system for companies to manage their payroll and TDS payments in just a few clicks without much hassle.
Open – Revenue Growth
The company reported having generated sales revenue of Rs 5.6 crores in FY21. The approximate revenue Open generates on a yearly basis is around $135.8 million.
Open – Funding and Investors
Over the course of eight rounds of investment, Open has raised a total of $190.8 million of funds. Their most recent funding came in the form of a Series D round on May 2, 2022. So far, 18 investors have contributed to the funding of Open. The most recent investors are Temasek Holdings and 3one4 Capital. A few other investors also include such as SBI investment, Google, Recruit, Bettercapital Angelist Syndicate, Tanglin Ventures,Tiger Global Management, and IIFL Finance.
Here are the details of funding of Open:
Date
Funding Round
Funding Amount
Investors
May 2, 2022
SERIES D
$50 million
–
September 9, 2021
SERIES C
$100 million
Temasek Holdings
June 15, 2021
Debt Financing
₹250 million
Trifecta Capital Advisors
June 1, 2019
SERIES B
$30 million
–
February 12, 2019
SERIES A
$5 million
3one4 Capital, BEENEXT, Speedinvest
May 17, 2018
Seed Round
$2 million
Unicorn India Ventures
December 27, 2017
Pre Seed Round
$150K
ISME ACE – FinTech Accelerator
July 13, 2017
Angel Round
$250K
Amrish Rau, Jitendra Gupta
Open – Mergers and Acquisitions
Open has bought two companies. The details are:
Date
Organization Name
Amount
December 14, 2021
Finin
$10 million
February 18, 2021
Optotax
$5 million
Open – Partners
Open is the official digital banking partner of three IPL Teams – Royal Challengers Bangalore, Kolkata Knight Riders, and Sunrisers Hyderabad.
Open – Awards and Achievements
The awards and achievements of Open Financial Technologies are:
Open was the winner of the Startup of the Year Award at the Dhanam Business Summit and Award Nite 2022.
Open is India’s 100th unicorn startup company
Open is the world’s largest SME neo-banking platform
Open has been featured in Leading BFSI Startup 2021, Potential BFSI unicorns, and List of Startups with the most M&A deals in 2021.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Laurus Labs Ltd.
Pharmaceuticals are becoming an essential component of daily living. By saving people from the terrible grip of fatal illnesses, they are improving public health. The industry is growing each day, with various pharma companies indulging in developing new and innovative pharma products.
Laurus Labs Ltd. is an international pharmaceutical and biotechnology firm based in Hyderabad, India. It has three manufacturing units in Visakhapatnam, Hyderabad, and Bengaluru. Founded by Dr. Satyanarayana Chava, the pharma company focuses on creating APIs, custom synthesis, generic medications, and biotechnology. Laurus Labs is a top provider of APIs for international pharmaceutical firms operating all over the world in the ARV therapeutic arena.
Know all about Laurus Labs’ funding, founders, mergers and acquisitions, business and revenue model, how it started, marketing strategies, and more.
The Hyderabad-based pharma company, Laurus Labs provides a wide range of integrated products and services to the worldwide pharmaceutical sector. With a top-notch infrastructure, top-notch staff, and a commitment to knowledge, innovation, and excellence, Laurus Labs quickly became a market leader in the production of high-quality APIs, a top choice for NCE development and manufacturing, and a reliable supplier of specialty ingredients for the nutraceutical sector. It offers its APIs in almost 56 countries. Furthermore, its main priority includes anti-retroviral, Hepatitis C, and Oncology drugs. API refers to the Active Pharmaceutical Ingredients that are used in medicines.
The company works with the top 10 generic pharmaceutical firms in the world. It has about 55+ cutting-edge R&D centers in India and US. In addition, it has more than 90 APIs manufactured at its 8 manufacturing facilities. Laurus Labs has more than 750 research scientists in their team of more than 4000 employees. It has received certification and approval from the WHO, USFDA, NIP Hungary, PMDA, KFDA, and BfArM for its facilities. Laurus Labs’ ability to manufacture APIs and conduct robust R&D has allowed them to expand quickly and globally.
Laurus Labs CSR activities
Following the provisions of the Companies Act of 2013 and the Companies (Corporate Social Responsibility) Rules of 2014, which were issued by the Central Government, Laurus Labs has implemented a Corporate Social Responsibility (“CSR”) policy. Its CSR efforts are generally concentrated on programs that support the environment, healthcare, and education, especially in the regions close to our industrial locations. The CSR Committee of its Board keeps an eye on all of its CSR initiatives. Laurus Labs’ Environmental, Social, and Governance (ESG) operations, which are a crucial component of its strategy and a significant reputation driver, also saw additional advancement. The ESG initiatives of Laurus Labs remained in the top 25% of global pharmaceutical businesses according to MSCI’s evaluation of ESG risk tolerance, with an “A” grade.
Laurus Labs – Industry details
The year 2020 has been a year of rapid change for the pharma industry and the world. Despite the challenges, the pharma industry is one of the crucial industries in the world that has been growing with each passing day. It is predicted that the industry’s market value will reach around $130 billion by 2030.
Laurus Labs – Founders and Team
Laurus Labs is founded by Dr. Satyanarayana Chava in 2005.
Dr. Satyanarayana Chava
Dr. Chave graduated from Andhra University with a science bachelor’s and master’s degree. From 1985 until 1992, he worked as a research scholar at the College of Science and Technology at Andhra University, where he later earned his Ph.D. He has been part of the company since January 21, 2006, as its Whole-Time Director. Besides, Dr. Chave is the CEO of Laurus Labs Ltd.
Vantaram Venkata Ravi Kumar
Mr. V V Ravi Kumar serves as Laurus’s executive, full-time director, and Chief Financial Officer. He has been a director of the firm since November 30, 2006. Mr. V V Ravi Kumar’s responsibilities include overseeing the finance and human resources departments as well as the supply chain management division for a sizable period. Laurus Labs – Startup Story
Laurus Labs – Startup Story
Laurus Labs began its pharmaceutical journey by opening up its first R&D center in Hyderabad in 2005. Within four years, the company commenced its first international business by launching its first product in Europe. Thereafter, it entered into an agreement with an international organization to manufacture and sell its products in the ARV segment. From the 2010s onwards, Laurus Labs made some acquisitions to expand its operations.
Laurus Labs opened many more manufacturing facilities in and around Visakhapatnam, Hyderabad, and Bangalore. Today, the company has made a revenue of $48 billion and has three subsidiaries; Laurus Generics, Laurus Synthesis, and Laurus Bio.
Laurus Labs – Mission and Vision
Laurus Labs’ vision tells, “To become a leading player in offering integrated solutions to global pharmaceutical needs in creating a healthier world.”
The company aspires to offer affordable pharmaceutical products all over the world.
The mission statement of Laurus Labs reads, “We constantly strive for innovation to enhance quality and to provide affordable integrated pharmaceutical solutions to facilitate wellness and well-being across the globe.”
Laurus Labs – Name, Tagline, Logo
The tagline of Laurus Labs is, “Knowledge. Innovation. Excellence.”
Laurus Labs – Business & Revenue Model
Laurus Labs’ business operations are divided into four segments. These are; contract development and manufacturing (CDMO)-Synthesis, generic formulation (FDF), generic APIs, and biotechnology.
The company provides a wide range of integrated products and services to the international pharmaceutical sector. The culmination of its comprehensive approach which has been successfully carried out over these many years is the transition from APIs to formulations to synthesis enterprises. Throughout the whole value chain of the product, its four business units address a broad range of therapeutic uses.
Generic formulation (FDF)
The US Food and Drug Administration permitted Laurus Labs to sell hydroxychloroquine pills in March 2020. The business declared that it will provide hydroxychloroquine for COVID-19 prevention clinical studies. Some of the generic formulation products offered are:
Anti-retroviral, Anti-diabetic, Cardiovascular, Proton Pump Inhibitors, and Central nervous system. Generic formulation contributes about 38% of its revenue. FDF business increased 13% year over year to Rs 1,880 core. (FY21-22).
CDMO – Synthesis
Laurus Labs had a new CDMO multi-year cooperation agreement for specialized APIs signed with a top Global Lifesciences firm. The business’ CDMO division is called Laurus Synthesis. [15] The three most significant markets for Laurus Synthesis are the United States, the European Union, and Japan. Due to the acquisition of new clients and growing demand from current clients, the company’s CDMO business expanded steadily at 77% y-o-y. The CDMO-Synthesis business generates 19% of revenue for the company.
Generics – API
With one of the greatest HiPotent API capabilities in India, Laurus Labs claims to be the “world’s largest third-party API provider for antiretrovirals.” In addition, the business produces cancer and cardiovascular APIs, which Laurus Labs sells to nine of the top ten generic pharmaceutical firms worldwide. Generics- API business is the company’s highest source of revenue, with 41% revenue contribution.
Laurus Bio
The company’s biotechnology division is called Laurus Bio. By purchasing the Indian biotech firm Richcore in 2020, Laurus Labs entered the biotechnology industry. Laurus Labs provide novel protein companies and bio-manufacturers with comprehensive fermentation-based product development and manufacturing expertise, as a service (CDMO), including clone development, strain engineering, process development, scale-up, and large-scale commercial manufacturing. It further supports its customers at every stage of the microbial precision fermentation value chain. Revenues for 2021–22 increased significantly by over 70% over the pre-acquisition annualized run-rate, driven by appealing market possibilities. Laurus Bio recorded Rs 100 crores in sales. It contributes about 2% of the revenue for company.
Laurus Labs – Growth
In 2021–2022, the formulation division reported a 13% increase in sales to Rs 1,880 crores. Oncology API and other API sales also grew well, with a solid order book supporting a positive growth forecast. Since Laurus is a fully integrated participant in ARV formulations, it thinks it will be able to handle any price difficulties in the upcoming quarters. Laurus Labs’ revenue increased by 3% to Rs 4,936 crores. This happened because of the company’s strong FDF performance and exceptional CDMO business growth.
Laurus Labs – Funding and Investors
Over the course of 3 rounds, Laurus Labs has raised a total of $148.1 million in investment. Their most recent round of investment, a Post-IPO Equity round, was raised on December 6, 2016. Laurus Labs is funded by three investors. The three investors are; Goldman Sachs, Warburg Pincus, and Eight Roads Ventures.
Headquarters
Chandigarh, India
Sector
Pharmaceutical manufacturing
Type
Private
Founder
Sandeep Khajuria
Founded
2011
Revenue
Rs 100 crores (approximately)
Website
www.innovexia.com
Laurus Labs – Mergers and Acquisitions
Richcore was bought by Laurus Labs on November 26, 2020. Laurus Labs paid $2.5 billion to purchase Richcore. Richore is a Bangalore-based company that creates new enzyme applications for the food, water, and energy industries.
Laurus Labs – Awards and Achievements
Here’s the list of awards and achievements received by Laurus Labs are:
Emerging Company of the Year 2021 Awarded by Economic Times – Corporate Excellence Awards
E&Y Entrepreneur of the Year 2021 presented for Healthcare and Life Sciences segment
Laurus Labs received Great Place to Work For the third consecutive time in a study conducted by the Great Place to Work Institute (2021-2022)
Laurus Labs won the Business Person of the Year 2021 Awarded by Sakshi Excellence Awards
Great Place to Work Recognised Dr. Satyanarayana Chava, Founder & CEO as one of India’s best Leaders in Times of Crisis 2021
Laurus Labs – Competitors
Below is the list of top competitors of Laurs Labs:
By making investments in backward integration initiatives to build more API and FDF capacity in non-ARV infrastructure, Laurus Labs continues to fortify its position as a competitive integrated pharmaceutical company. Laurus Labs’ subsidiary Laurus Bio just finished a big expansion plan, it is anticipated that the company would see tremendous growth. It wants to increase Laurus Bio’s fermentation capacity by one million liters, which will be operational in 2023–2024 and have fuel growth in 2024–2025.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Bata.
Fashion is the way of life that many people love showing off. It is not just limited to clothes but fashion also includes footwear and other accessories that add a style statement to one’s overall personality appearance. It also reflects their attitude by giving us a glimpse of the person’s approach toward life.
Fashion in the context of footwear and apparel is considered to be a big business. We can say that fashion is one of the most attractive and fascinating industries of today. The industry is a wide platform that offers vast access to different styles and trends. Not alone apparel fashion industries but industries offering footwear have become quite successful in what they do.
Bata, the brand we have seen right from our early days, is one of the leading footwear and fashion accessory industries in the world today. The Bata Corporation was founded over 125 years ago by Antonín Baťa, Tomáš Baťa, and Anna Baťová. The company makes footwear, apparel, and other fashion accessories.
In this article, we have gathered all the relevant information about Bata’s success journey. Know all about Bata’s foundation story, its founder’s story, growth, key products, business and revenue model, and the challenges faced.
Bata – Company Highlights
Headquarters
Lausanne, Switzerland
Sector
Retail, Footwear, leather, and apparel manufacturing
The Bata Corporation, often known as Bata and Baa in the Czech Republic and Slovakia, is a multinational producer and retailer of footwear, clothing, and fashion accessories with its headquarters in Lausanne, Switzerland. The company is of Moravian (Czech) descent. The company was founded on 24 August 1894 by three Antonín Baťa, Tomáš Baťa, and Anna Baťová.
Being a family-run company, the Bata Group has been able to offer clients all over the world the greatest shoes at the best rates, supported by unmatched service, for more than 120 years. Today, the company is one of the world’s leading manufacturers and retailers of quality footwear.
Bata has a presence with more than 32,000 employees, 21 production facilities, and over 5,300 stores in more than 70 countries across the globe. The company likes to enhance the quality of life in each community where it operates. In addition to offering chances for both personal and professional growth, Bata likes to provide support to its customers, colleagues, and the community at large.
The company’s business is divided into three branches:
Bata
Bata Industrials (safety shoes)
AW Lab (sports style)
More than 20 brands and labels, including Bata, North Star, Bata 3D, Power, Bubblegummers, Weinbrenner, Sandak, Hushpuppies, Bata Comfit, CAT, Marie Claire, and Toughees, are part of Bata’s portfolio firm.
With an annual sales volume of 150 million pairs of shoes, the company is one of the largest shoe manufacturers in the world.
Bata – Industry
Bata belongs to the shoemaking and retail industry for manufacturing various shoes and other fashion-related products. According to projections, the worldwide retail analytics market would increase at a CAGR of17.7% from $5.84 billion in 2021 to $18.33 billion in 2028.
Bata – Founders and Team
The Bata Group is founded by three siblings- Antonín Baťa, Tomáš Baťa, and Anna Baťová in 1894.
Tomáš Baťa
Tomáš Baťa is the man behind the foundation of the Bata shoe company. He was a Czech entrepreneur, who was born on 3rd April 1876. It was on August 24, 1894, Tomá Baa founded the organization in Zlin with 800 Austrian guldens (about $320 today), money he inherited from his mother. The T. & A. Bata Shoe Company was founded by his sister Anna and brother Antonn Baa. Even though this business was only recently founded, the family has been creating shoes for eight generations and more than three hundred years. His new business’s rapid rise in popularity was aided by this legacy. In 1908, Tomá Baa acquired sole ownership of the business following the death of his brother Antonn Baa from sickness. Two of Tom’s younger brothers, Jan Bata and Bohus, joined the company. Due to terrible weather, he perished in a flying crash, ending his illustrious career.
Jan Antonín Baťa
Jan Antonin Bata born on March 7, 1898, was a Czecho-Brazilian shoe manufacturer from Uherské Hradit (southeastern Moravia). He was also known as Jan Antonin Bata or Jan Bata and was dubbed “The King of Shoes.” After the death of his half-brother Tomáš Baťa, Jan took over the Bata company. Even at the height of the Great Depression, he put fresh expansion strategies in place for the Bata firms. His activities included diversification into new industries such as tire manufacturing, textiles, chemicals, mines, canals, a railroad, film studios, bicycle and airplane manufacturing, the creation of department shops for the general public, and import/export. His Czech portion of the firm more than doubled in size during his tenure, reaching 38,000 employees, 2,200 stores, and 70 enterprises. In Slovakia, the Slovak economy similarly experienced exponential growth, going from 250 persons to 12,340 and 8 businesses.
Anna Baťová
Anna Baťová helped her brother Tomas with the organization. She evolved as the third and most essential companion. She not only looked after their home but also kept the books, and her ability to get along with people frequently assisted in resolving difficult issues, particularly when they were gradually accruing debt.
Anna was the first of her siblings to become independent when her relatives arranged for her to work with the family in Vienna because she was highly intelligent and did well in school. She considerably assisted her brother Tomá in Vienna, and he eventually decided to follow her.
Gunjan Shah
Gunjan Shah is presently the Chief Executive Officer of Bata India Ltd.
He is a graduate of the Indian Institute of Management, Calcutta with a PGDM degree in general management. Prior to joining Bata as the CEO, Gunjan worked at Britannia Industries Limited for almost 15 years.
The success story of Bata/ Startup Story –
The Foundation Story
The company started with the name T. & A. Baťa Shoe Company in 1894 by Tomá Bata, his brother Antonn, and his sister Anna, whose family had been cobblers for generations, founded business in the Moravian town of Zlin, Austria-Hungary (now in the Czech Republic).
It was found later thatTomá was having financial issues in the summer of 1895. He decided to make canvas shoes instead of leather to get around these obstacles. The company hired 50 people as a result of the success of this sort of shoe. Bata erected its first steam-driven equipment four years later, ushering in a period of quick modernization. Tomas saw a newspaper story on certain American-made machinery in 1904. In order to research and comprehend the American method of mass production, he took three employees and traveled to Lynn, a shoemaking community outside of Boston. The “Baovky,” its first mass-produced item, was a working-class leather and textile shoe that stood out for its functionality, good looks, low weight, and reasonable price. Its success fueled the company’s expansion. Tomá welcomed two of his younger brothers, Jan and Bohu, into the company after Antonn’s passing in 1908. In 1909, export sales and the first sales agency were established in Germany. The Balkans and the Middle East thereafter followed.
Bata footwear was regarded as being of outstanding quality and was supplied in a greater variety of styles than ever before. The company had more than 600 full-time employees by 1912, in addition to another several hundred who worked from their homes in nearby settlements.
Growth of Bata shoes during World War I
Due to military orders, the industry had a tremendous development in 1914, the year that World War I broke out. The number of Bata’s employees increased 10 times between 1914 and 1918. In addition to other cities, the corporation opened its own stores in Zlin, Prague, Liberec, Vienna, and Plzen.
The post-war expansion of Bata Shoe Company
Consumer reaction to the price reduction was very strong. Between 1923 and 1925, a demand crisis led the majority of competitors to go out of business, but Bata was growing as the demand for its low-cost shoes soared. The Bata Shoe Company boosted output and added staff. Zlin transformed into a true factory town that spans several hectares, called “Bataville” town.
Bata integrated social welfare with the factory’s automated efficiency, and his early experiments with collectivism and profit-sharing helped to pave the way for the modernization of industrial administration. Bata Shoes also provided leisure facilities, including a theatre, library, department store, dance halls, espresso bars, a swimming pool, and an airfield, in addition to building employee housing, schools, stores, and a hospital.
The diversification of Bata
Slowly Bata also started to establish towns and factories outside of Czechoslovakia (Poland, Latvia, Romania, Switzerland, France) and with many diversifications into different industries, including tanning (1915), the energy industry (1917), agriculture (1917), forestry (1918), newspaper publishing (1918), brick manufacturing (1918), wood processing (1919), the rubber industry (1923), the construction industry (1924), railway and air transport (1924), book publishing (1926), the film industry (1927), food processing (1927), chemical production (1928), tire manufacturing (1930), insurance (1930), textile production (1931), motor transport (1930), sea transport (1932), and coal mining (1932), airplane manufacturing (1934), synthetic fiber production (1935), and river transport (1938).
The international expansion of Bata
The Bata company had 1,645 shops, 25 enterprises, and 16,560 employees at the time of Tomá’s passing. Following Tom Bata’s pre-death plans, Jan Antonin Bata grew the business more than six times its initial size throughout Czechoslovakia and the rest of the world.
In the following decade, Bata had its factories set up in the United Kingdom, the Netherlands, Yugoslavia, Brazil, Kenya, Canada, and the United States. In India, the plant was established in Calcutta during the 1930s.
Incorporation of Bata India Limited
Incorporated as Bata Shoe Company Pvt. Ltd. in 1931, Bata India later changed its name to Bata India Ltd. in 1973. In 1993, the Batanagar factory became the first shoe manufacturing facility in India to acquire ISO 9001 accreditation.
Bata India is the largest footwear retailer and producer in India. Bata India’s retail network covers 1375 outlets in India. All metros, mini-metros, and towns have stores, which are located in good areas. Through its urban wholesale segment, the company also manages a sizable non-retail distribution network and serves millions of customers through more than 30,000 dealers in India.
Bata’s expansion in other countries
In 1934, the company held 300 stores in North America (many of which were renamed with the “Barrett Shoes” trademark after World War II), 1,000 in Asia, and more than 4,000 in Europe. The Group had assets in the tanning, agricultural, newspaper publishing, railway, and air transport, textile manufacture, coal mining, and aviation industries in 1938 and employed slightly over 65,000 people globally, including 36% outside of Czechoslovakia.
Post World War II – Bata’s re-growth
After Bata’s factory was bombed during World War II, Thomas J. Bata, son of Tomas Bata went to Canada and served as the Vice-President of the Bata Import and Export Company of Canada, founded in 1939. Bohemian and Moravian plants were transferred to another family member, while foreign businesses were split off from the parent corporation. After the Government in Czechoslovakia confiscated Bata’s factories in Eastern Europe, it was decided in 1945 that the Bata Shoe Organization’s service headquarters would be located at Bata Development Limited in Great Britain. Thomas J. Bata, who was situated in the West, started the company’s reconstruction alongside several Czech and Slovak ex-pats. The company slowly rebuilt itself from its new base and entered new markets in Asia, the Middle East, Australia, Africa, and Latin America. Bata formed a confederation of independent entities that might be more responsive to new markets in developing countries, as opposed to structuring these new operations in a more centralized manner.
Bata in the Present Times
The corporation shut down a number of its plants in developed nations during the global economic shifts of the 1990s and concentrated on growing its retail operation. Bata left Canada gradually over time.
Today, with more than 32,000 employees, more than 5,300 shops, 21 production facilities, and a retail presence in more than 70 countries on five continents, Bata believes that it serves more than 1 million customers every day. Among the nations where Bata is well-established in India, where it has operated since 1931. There are four factories that makeup Bata India. The largest shoe manufacturer in Asia is located in Kolkata’s Batanagar Industrial Township (1930).
Bata Group is split up into five geographical areas: Africa (with a regional office in Limuru, Kenya), Asia-Pacific (with a regional office in Singapore), Latin America (with a regional office in Santiago, Chile), India (with a regional office in New Delhi), and Europe (with a regional office based in Padua, Italy).
Bata – Mission and Vision
Bata Group follows five values in which they truly believe in, these are:
Count on Me
Improving Life
Exceed Customer Expectations
Be Bold
Serve With Passion
Bata’s mission defines its passion, which reads, “We love making stand-out footwear our customers can wear to look good and feel good all day long, and always with price tags that impress them too.”
Bata – Business and Revenue Model
The Bata company’s business mostly manufactures shoes and other fashion-related accessories.
The company’s business is divided into three branches: Bata, Bata Industrials (safety shoes), and AW Lab (sports style) as mentioned earlier.
The company follows an adaptation strategy by targeting its local audience as per their taste. You can find that the company has a dedicated website for each of its regional audiences, this is because Bata likes to do business by attracting its local customers.
Talk about Bata India Ltd, the brand is a hit in the country. By offering affordable shoes in India, today, Bata has become the number one favorite shoe brand for many Indians. The brand is so popular in India, that many Indians think of it as the local brand. That’s how the company is powerful with its adaptation strategy.
Bata operates its business with many factories situated all over the world with a strong presence in Asia, Europe, the Middle East, and Outside Europe.
Some of the major brands under the Bata label are:
Bata/Baťa
Ambassador – classic men’s shoes
Bata 3D – urban sneakers
Bata Comfit – comfort shoes
Bata Flexible – comfort shoes
Bata Red Label – trendy shoes
Bata Industrials – work & safety
Marie Claire – women’s shoes
North Star – urban shoes
Verlon – school shoes
Teener – school shoes
Footin – school shoes
B-First – school shoes
Weinbrenner – outdoor shoes
Bubblegummers – children’s shoes
Power – athletic shoes
Bata Industrials – work & safety
Toughees – school shoes
Patapata – flip flops
Tomy Takkies – urban shoes
Bata Group commands around 35% of the market share in India. Its revenue from operations (India) was at Rs 2,387.71 crore in 2021-22, 39.75% higher than Rs 1,708.48 crore in the year-ago period.
Bata – Funding, and Investors
Bata is funded by Ventures Platform with an undisclosed amount.
Bata – Mergers, and Acquisitions
In 2014, Bata India merged its wholly-owned subsidiaries – Bata Properties Ltd and Coastal Commercial & Exim Ltd.
Bata – Advertisements and Social Media Campaigns
When it comes to advertising and attracting customers, Bata does it like a boss. The marketing strategy of Bata focuses mainly on geographics, demographics, and psychographics.
Bata India has roped in various celebrities to target its Indian audience.
In 2021, Bata launched the ‘Relaxed Workwear’ Collection for Indian Customers by featuring Kartik Aryan.
The brand had also roped in Kriti Sanon for its campaign called ‘Kick out 2020′ to mark Bata’s new collection of everyday footwear. Its Ready Again’ collections have various shoes and sandals for casual wear, festive wear, fitness, etc.
Bata – Competitors
Bata group competes with the following competitors:
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Lupin Limited.
The roots of the pharmaceutical industry come from the era of the 19th century. Knowing how traditional remedies were given based on folk knowledge is amusing. Slowly, the industry saw various developments of new classes of medicines manufactured by giant pharma companies.
LupinLimited founded in 1968, is one such Indian multinational company that focuses on producing generic products in therapeutic areas including cardiovascular, diabetology, pediatrics, anti-infectives, asthma, and anti-tuberculosis.
If you’re interested to know how Lupic became a multination pharmaceutical company, then read this article to find out about its founders and team, its key products, its business model, how it generates its revenue, and many other details.
Founded in 1968, Lupin Limited is an Indian global pharmaceutical corporation headquartered in Mumbai, Maharashtra. It offers Branded and Generic Formulations, Biosimilars, and Active Pharmaceutical Ingredients (APIs). It is one of the world’s largest generic pharmaceutical firms in terms of revenue. Presently, Lupin is the 6th Largest Indian Pharma as per Market Ranking.
The company is also a major player in the United States, India, and Japan, as well as other countries in APAC, EMEA, and LATAM. Besides this, it is a global market leader in the Anti-TB and Cephalosporin categories.
Lupin claims to employ almost 20,000 people in 11 countries on six continents, ensuring the safe and dependable supply of medications to patients in 100+ countries. It has 18 world-class production facilities that meet international standards scattered across India, Japan, the United States, Mexico, and Brazil. With seven R&D centers, the company has a powerful research and development team that has aided them in achieving leading positions in generics, complicated generics, APIs, biosimilars, and specialties.
The company has submitted 437 ANDAs (Abbreviated New Drug Applications), 45 first-to-files, and 289 ANDA approvals.
Lupin Limited – Industry details
The constant improvement in the areas of medicines and drugs with huge technological advancements has significantly impacted this space of the pharma industry. Due to this progress, it is anticipated that the pharma industry will see growth at a compound annual growth rate (CAGR) of 11.34% from 2021 to 2028.
Lupin Limited – Founder and Team
Lupin Limited is founded by Indian entrepreneur and billionaire Desh Bandhu Gupta.
Manju Gupta & Desh Bandhu Gupta
Desh Bandhu Gupta
Desh Bandhu Gupta was born in Alwar, Rajasthan 9 years before India got Independent. He had four siblings and was the oldest of them. Mr. Gupta had a master’s degree in chemistry from Bombay University. His career began as an associate professor at Rajasthan’s Birla Institute of Technology and Science in Pilani. But soon quit teaching and wanted to change and improve the healthcare sector in India.
It is told that Mr.Gupta created Lupin with a start-up capital of Rs 5,000 borrowed from his wife, Manju Gupta. He received an Ernst & Young Entrepreneur of the Year Award in the healthcare sector in 2011, as well as a Frost & Sullivan Lifetime Achievement Award in 2013. Mr. Gupta was also honored into the Hall of Fame posthumously at the CNBC TV18 India Business Leader Awards 2018.
Desh Bandhu Gupta died on June 26, 2017, at the age of 79, in Mumbai. He was married to Manju Gupta. They have five children; four daughters and one son. He was fondly called DBG by his well-wishers.
Desh Bandhu Gupta’s net worth was reported to be $3.6 billion at his death.
Manju Gupta
Manju Gupta is the Chairman of Lupin Limited. She is a graduate of Arts from the University of Delhi. Mrs. Gupta has been on the Board of Directors since its inception. She is credited for all the strategic decisions she took and her important contributions to making Lupin one of India’s top corporations. She is also the Chairman of the Corporate Social Responsibility (CSR) Committee.
Vinita D. Gupta
Vinita D. Gupta is the eldest daughter of Desh Bandhu Gupta and Manju Gupta. Presently, she is the Chief Executive Officer of Lupin Limited and the chairperson of Lupin Inc (LI), and its US subsidiary, Lupin Pharmaceuticals Inc (LPI).
Vinita Gupta did her bachelor’s degree in Pharmacy from the University of Mumbai. She also has an MBA degree from the Kellogg School of Management at Northwestern University, Illinois. When Vinita was the chairman and CEO of Lupin Pharmaceuticals Inc from 2003 to 2013, she extended the US business from 5% to over 45% of Lupin’s overall revenue. She joined Intrexon, an American Biotechnology company, as a non-executive director in April 2017.
Along with her brother Nilesh Gupta, the MD of Lupin was awarded Ernst & Young Entrepreneurs of the Year for India in 2015. She also received the Forbes India Leadership Awards 2016 – Entrepreneur of the Year. In 2014, Forbes Asia named her one of the Top 50 Power Businesswomen in the Asia Pacific. Vinita was voted Outstanding Business Woman Leader of the Year and inducted into the Hall of Fame as Most Powerful Women in Business 2016.
Vinita D. Gupta is married to Brij Sharma, a rich investor, and entrepreneur from the United States. They have a son named Krish Sharma and live in Florida.
Nilesh D. Gupta
Born in 1974, Nilesh d. Gupta, the only son of Desh Bandhu Gupta, is the Managing Director of Lupin Limited since September 2013. His key responsibility is in charge of the research, supply chain, production, quality, and regulatory activities of the company.
Nilesh D. Gupta holds a bachelor’s degree in chemical engineering from the University Department of Chemical Technology in Mumbai. He also earned his MBA in 2002 from the Wharton School at the University of Pennsylvania in the United States, where he focused on healthcare, strategic management, and finance.
In addition to winning the Ernst & Young Entrepreneur of the Year Award for India in 2015, Nilesh Gupta and his sister Vinita Gupta, the CEO of Lupin, were named “Entrepreneurs of the Year” at the Forbes India Leadership Awards in 2016.
Nilesh D. Gupta’s wife’s name is Shefali Nath Gupta, and they have a son and a daughter together.
Lupin Limited – Startup Story
In 1968, Lupin commenced its first business. Desh Bandhu Gupta borrowed Rs 5000 from his wife to establish Lupin. In the initial days, the company had only two employees; a peon and a typist. Gradually, the firm was able to launch its production plant for making folic acid and iron tablets for the Government of India’s mother and child health program after receiving additional funds from the Central Bank of India.
In 1979, the company established the first formulations facility and research and development center in Aurangabad, India. In 1987, Lupin’s Cephalexin facility in Mandideep (Madhya Pradesh) and seven ADCA plants went online. Afterward, Lupin began producing anti-TB pharmaceuticals, which at one point accounted for 36% of the company’s revenues and made it the largest producer of TB medications in the world.
With the rise in the success of Lupin, Lupin Human Welfare and Research Foundation were established by Desh Bandhu Gupta (LHWRF) in 1888. LHWRF is an initiative to elevate poor communities in India through social development activities. This initiative was established long before CSR spending became a part of corporate vernacular.
In 1989, through a joint venture, Lupin Chemicals (Thailand) Ltd. was created in Thailand, and the Ankleshwar and Mandideep factories were given U.S. FDA permits. In 2001, Lupin Research Park, a cutting-edge R&D facility, was opened in Pune, India.
It was in 2003, the United States-based trade, marketing, and development company Lupin Pharmaceuticals Inc. was established. Around 2006, Lupin announced its initial issuance of $100 million worth of Foreign Currency Convertible Bonds (FCCB), which will be listed on the Singapore Stock Exchange. After two years, there was the expansion of the product line at Japan-Kyowa through the Ministry of Health and Labour Welfare’s approval of 10 goods.
Since then, Lupin acquired many companies to strengthen its business operations. In 2012, Lupin was included in the NIFTY 50 Index.
Lupin opened a new facility in India’s Visakhapatnam and a new plant in Tottori, Japan in 2016. After one year, Desh Bandhu Gupta, the company’s founder, passed away in June 2017 and was succeeded as chairman by his wife, Manju Deshbandhu Gupta.
As of today, Lupin has a market capitalization of $ 3.6 billion and is among the top 10 largest generic pharmaceutical companies globally.
Lupin Limited – Mission and Vision
The mission statement of Lupin is, “To become a transnational pharmaceutical company through the development and introduction of a wide portfolio of branded and generic products in key markets.”
The company aims to consistently produce high-quality and innovative products that are solely focused to improve the healthcare sector.
The core values that define Lupin are:
Integrity
Teamwork
Passion for Excellence
Customer Focus
Respect & Care
Entrepreneurial Spirit
Lupin Limited – Name, Tagline, Logo
Lupin’s Logo
Desh Bandhu Gupta was inspired by the ‘Lupin flower‘ for which he named the company after it. The Lupin flower is said that it can grow even in harsh conditions and can also nourish the soil at the same time. The flower’s ability of unselfish giving and resiliency is what roused Desh Bandhu Gupta to provide quality medical needs to people.
The tagline of Lupin reads, “Research Driven. Quality Committed. Customer Focused.”
Lupin Limited – Business Model
The business operations of Lupin cover the whole pharmaceutical value chain, from biotechnology to branded and generic formulations, APIs, biosimilars, specialty drugs, therapeutic areas, and cutting-edge drug delivery technologies. It has produced over 10,000 products till now.
With the creation of medications for the treatment of multi-drug resistant (MDR) tuberculosis, Lupin continues to improve its anti-TB portfolio as the market leader in the anti-tuberculosis market.
The three main business segments of Lupin are:
Anti-Tuberculosis
As mentioned earlier, Lupin is a global leader in Cephalosporins, Cardiovascular, and the anti-TB space. Through GDF procurement, Lupin’s business supplies its formulations to more than 50 countries as a strategic provider of anti-TB drugs to the Stop TB Partnership, a global initiative established in 2001 to end tuberculosis as a public health issue.
The top-selling anti-TB compounds from the corporation include ethambutol, rifampicin, and pyrazinamide.
Diagnostics Business
The previous year, in 2021, Lupin entered the diagnostics market. The company has announced to offer a wide variety of diagnostic tests in India, which include molecular diagnostics, cytogenetics, flow cytometry, microbiology, and serology.
Lupin Biotechnology Research Group
Based in Pune, the Lupin Biotechnology Research Group focuses on developing biosimilars. It provides capabilities for product development including clone development, process optimization, analytical method development, bioassay, formulation, stability studies, and non-clinical and clinical studies, all supported by a solid understanding of regulatory and IP issues. To name a few biosimilar products developed by Lupin are – Etanercept, Filgrastim, Peg-filgrastim, and Ranibizumab.
Lupin’s business in India, which they call India Region Formulations (IRF) business focuses notably on Chronic illness therapy areas like Cardiology, the Central Nervous System (CNS), Diabetes, Anti-Asthma, Anti-Infective, Gastro Intestinal, and Oncology, and Lifestyle disorders. It operates its business in 12 manufacturing facilities in India, including those in Jammu (J&K), Mandideep & Indore (Madhya Pradesh), Ankaleswar & Dabasa (Gujarat), Tarapur, Aurangabad, and Nagpur (Maharashtra), Goa, Visakhapatnam (Andhra Pradesh), and Sikkim. It has two research facilities located in Pune and Aurangabad.
The corporation sells its medications in 70 different countries, with a presence that includes developed markets like;
United States
Lupin US Division
Out of the 77 items sold in the US generics market, the firm is the market leader in 28 of them, and it is in the top three by market share for 57 of them (IMS Health, December 2014): A pediatric antibiotic called Suprax (Cefixime) is Lupin’s best-selling item in this region.
Europe
The areas of business for Lupin in the European Union include CNS, Cardiovascular, and Anti-Infectives therapies, as well as specialized potential in fields like ophthalmology, dermatology, and oral contraceptives. The company operates its business in Germany through its acquisition of Hormosan Pharma GmbH. Its business in the UK is a direct-market deal.
Japan
In Japan, Lupin is one of the Top 10 players in generic medicines. Through its subsidiaries, Kyowa Pharmaceutical Industry Co. Ltd. (Kyowa), and I’rom, Pharmaceutical Co. Ltd (IP), Lupin does business in Japan.
Australia
Lupin does business with the help of its subsidiary Generic Health Pte. Ltd. (GH).
South Africa
Lupin South Africa’s business dominates the Cardiovascular sector and is expanding in the Neurology, Gastroenterology, and Over-The-Counter (OTC) markets. The company has a variety of wellness initiatives to assist patients in achieving holistic well-being.
Philippines
Multicare Pharmaceuticals (Multicare), a branded generic firm with a focus on women’s health, pediatrics, gastro-intestinal care, and diabetes care, is a subsidiary of Lupin in the Philippines. Its other focus area also includes – rheumatology, respiratory, oncology, neuroscience, and nephrology.
Lupin’s business is also spread across Mexico and Brazil with focus areas in visual health, food supplements, respiratory diseases, algology, male health, and angiology.
Lupin’s Covid-19 Response
Lupin is said to be among the first of the few companies that offered its support in the fight against Covid-19. The company gave donations in form of money and other materials as a part of its Global Giving Programmes. It has contributed to PM Cares Fund, Launching the Jan Kovid helpline in Mumbai, Bhopal, Indore, and Pune. Furthermore, the company donated meals to frontline healthcare workers and delivered masks and PPE kits to various healthcare institutions in the USA.
Lupin Limited – Revenue Model
As of FY22, the total revenue of Lupin stood at $2.2 billion.
Lupin generates its maximum revenue from India around 38% of revenue, from North America – 36%, Growth Markets (Australia, Brazil, and Mexico)- 9%, EMEA (South Africa and EU)- 9%, and the Rest of the World – 2%. It is also reported that it renders 6% of its revenue through APIs and anti-TB business.
Lupin Limited – Funding and Investors
Baring Private Equity India provided funds to Lupin in Post-IPO Equity round on September 1, 2013. However, the details of the total funds raised by Lupin are undisclosed.
Lupin Limited – Mergers and Acquisitions
Till now, Lupin has purchased nine different businesses. Southern Cross Pharma, a privately held corporation that supplies pharmaceutical items to the Australian and New Zealand markets, was their most recent purchase as of July 30, 2021.
Date
Acquiree name
January 19, 2018
Bio-Pharm
August 1, 2016
Glochem – manufacturing unit
May 5, 2015
ZYG Pharma
December 13, 2013
Elder Pharmaceuticals
June 27, 2005
Excella GmbH
Lupin Limited – Advertisements and Social Media Campaigns
In 2022, Lupin came up with the campaign #BanoKhudSeBehetar to promote its 100% Ayurvedic Energy and Immunity capsules. The ad features Bollywood actor, Hrithik Roshan.
Here’s what Anil Kaushal, Head of OTC Business, Lupin, said about the campaign, “In today’s highly demanding times, a product like ‘Be One’ is only increasing in relevance. The consumer today is looking to constantly better themselves and this is where ‘Be One’ comes in as a motivator to ensure they have the energy and health needed in this journey.”
During the pandemic time, Lupin launched a campaign with the #BeSafeWithLupiSafe to promote its newly designed hand sanitizer wipes called LupiSafe Wipes. The firm, Contract Advertising, a Wunderman Thompson Group affiliate and a participant in the WPP network, was entrusted with proving the effectiveness of the recently launched germ-kill wipes. The said campaign was introduced during the IPL with a collection of 4 short films for TV and social media channels to improve attention.
Lupin Limited – Awards and Achievements
The list of awards and achievements won by Lupin are:
Lupin has won the prestigious ATD (Association of Talent Development) BEST Award
Lupin has earned recognition at the 5th Edition of the Global CX Summit, India, for the Joint Airway Initiative (JAI)
Lupin was Named Among the ‘Factories of the Future at the Economic Times Promising Plant Awards 2022
Lupin’s Pithampur team won two awards- 1 Platinum, and 1 Gold at the CII National Technology Competition
Lupin has won the Bioprocessing Excellence in South Asia Award at the prestigious Asia Pacific Bioprocessing Excellence Awards 2022 by IMAPAC
Lupin’s corporate communication team was named among the Top 30 Corporate Communications Teams for 2022 by Reputation Today
Lupin won the ‘Digital Pharma Marketing Excellence Award’ for ‘Leveraging Technology for Patient Care at the 6th Edition of DIGIPHARMAX Conclave on Emerging Health Trends in Pharma Digital Marketing & Awards 2022
Lupin was awarded Marketing Campaign Of The Year by ET India Pharmaworld Awards for its Awareness, Screening, and Treatment (AST) Campaign
Lupin won Businessworld’s Diversity and Inclusion Award 2022 for “Outstanding Diversity Network”
The company is planning to enter the Chinese market to compete with its rivals, Sun Pharmaceuticals, and Dr. Reddy’s Labs. Some of its products are waiting to be approved by China.
Lupin also has many new products lined up, which are soon going to be launched in the US. The company is aggressively working on respiratory products.
FAQs
Who is the CEO of Lupin?
Vinita D Gupta is the CEO of Lupin.
Where is the head office of Lupin?
The head office of Lupin is in Mumbai.
Is Lupin a Multinational Company?
Yes, Lupin is a multinational company based in India.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Biophar Lifesciences Pvt. Ltd.
We are aware that the Indian pharmaceutical industry is a significant player because it is the largest supplier of generic medications. The road ahead for medicine spending in India is only going upwards. The PCD pharma franchise business, which is like a large pool of all pharma dealers, and manufacturers in one place are responsible for the upliftment of the pharmaceutical industry.
Biophar Lifesciences, founded in 2004 by Gulshan Rawat, is among the industry’s top producers and marketers of pharmaceutical formulations because of its capacity to produce, export, and provide a wide array of high-quality injectables, capsules, tablets, general products, soft gel capsules, dry syrup, syrup, ointments, eye drops, ear drops, creams, beta-lactam products, nutraceuticals, soaps, external liquids, lotion, facewash.
Biophar Lifesciences is a Chandigarh-based pharmaceutical company that is engaged in the manufacturing of various pharma products and PCD pharma franchise business.
The company is mostly engaged in pharmaceutical formulations manufacturing, marketing, and export-focused business. This business area is expanding widely and quickly.
Biophar Lifesciences has a strong R&D section that allows them to stay on top of the most recent developments in the market. Their group of researchers works painstakingly on several research projects to enhance the production and efficacy of its selection of pharmaceutical drugs.
One of India’s leading third-party manufacturing enterprises is Biophar Lifesciences. It can offer all types of medicine ranges, including pellets, tablets, capsules, herbal nutraceuticals, protein powder, gym supplements, capsules, tablets, and pharma sachets, due to its large-scale production facility.
Biophar Lifesciences has the following subsidiaries:
Cagrus Biopharma
Biovxia Pharma
Medivaxia Pharma
Pharvax Biosciences
Rech Elist Pharma
Zesmed Pharma
Mediflower Pharma
Biophar Lifesciences – Industry details
As per reports, the market value of the pharmaceutical industry was $42 billion in 2021. This value is going to increase and is expected to reach somewhere around $120-130 billion by 2030.
Biophar Lifesciences – Founder
Biophar Lifesciences is founded by Gulshan Rawat in 2004.
Gulshan Rawat
Gulshan Rawat
Gulshan Rawat is presently the Managing Director of Biophar Lifesciences Pvt. Ltd. He has more than 16 years of experience in the pharma industry.
Biophar Lifesciences – Mission and Vision
Biophar Lifesciences’s mission statement is, “To achieve worldwide recognition as a supplier of superior quality herbal and pharmaceutical products.”
Biophar Lifesciences aims to supply the best quality pharma products and collaborate with new businesses to offer the best services.
The vision of Biophar Lifesciences is, “Simplify business model in the pharma industry, deliver more innovative and a number of products. Grow a diversified business in India and across the world.”
Biophar Lifesciences – Name, Tagline, Logo
Biophar Lifesciences – Business & Revenue Model
The business operations of Biophar Lifesciences are manufacturing, producing, and marketing pharmaceutical formulations with a diversified product portfolio. The company also deals in the PCD Pharma Franchise business. Due to years of experience, it can provide a variety of Soft gels, Capsules, Tablets, and Syrups. Biophar’s pharmaceutical goods are created using high-quality ingredients that come from reputable suppliers that have ISO certification and GMP compliance units.
Its manufacturing unit is named Tanishka Pharmaceutical and is well-equipped with the latest machinery with a team of experts who offer quality pharma products. Its manufacturing unit is situated in Solan, Himachal Pradesh.
Biophar Lifesciences also operates as a third-party pharma manufacturer. From product development through production, packaging, and the creation of marketing materials, it provides comprehensive solutions. It manufactures and packages ready-to-market goods, including liquid syrups, dry syrups, injections, soft gelatin capsules, sachets, and capsules.
Through third manufacturing services, the company generates the maximum number of its revenue.
PCD Pharma Franchise Business of Biophar spreads across almost all the major regions of the country. It currently has more than 250 associates in its franchise business.
The company claims that it has its quality assurance team to make sure that the pharma products are tested at every step of the manufacturing process till their packaging. It also offers monopoly rights to a selected number of business areas. These monopoly rights give Biophar Lifesciences the liberty to achieve good revenue that benefits its associates in a better way.
Biophar Lifesciences – Awards and Achievements
The list of awards and certifications of Biophar Lifesciences are:
Biophar Lifesciences has been recognized by Indiamart for the Trustseal award – 2014
Biophar Lifesciences is an ISO 9001:2008 & GMP certified company
Biophar Lifesciences – Competitors
Biophar Lifesciences competes with the following pharma companies
Sun Pharmaceuticals Pvt. Ltd.
Cipla Limited
Dr. Reddy’s Laboratories
Aurobindo Pharma Ltd.
Lupin Ltd.
Glenmark Pharma Ltd.
Torrent Pharma
Zydus Lifesciences Ltd.
Innovexia Life Sciences Pvt. Ltd.
Abbott India
Gland Pharma Ltd.
Biophar Lifesciences – Future Plans
Biophar Lifesciences has some upcoming projects in the coming months. It is soon launching new products in pharmacological & therapeutical areas. Some of the products are in categories like – alkalizer, anti-biotic, anti-cold, hepatology, malt, menstrual abnormalities, fever, and many more.
FAQs
Who heads Biophar Lifesciences?
Biopher Lifesciences is headed by Mr. Gulshan Rawat, the MD of the company.
Where is the headquarter of Biopher Lifesciences?
Biophar Lifesciences has its headquarters in Panchkula, Haryana.
How many subsidiaries does Biopher Lifesciences have?
Biopher Lifesciences has 7 subsidiaries.
Is Biopher Lifesciences a private company?
Yes. Biopher Lifesciences is a privately held company.
