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Shilpa Medicare Limited (SML) started its operations as API manufacturer way back in 1987 at Raichur, Karnataka. The commercial production in the SML was started in November 1989. Today SML, with a consolidated revenue of R 1,159.76 crore for the year 2021-22 against the previous years’ revenue of Rs 931.27 crore, has emerged as a global brand within manufacturing and supplying of affordable API and Formulation globally in different regulated markets. The Group with over 20 subsidiaries is now setting up a greenfield project located in Karnataka. BioSpectrum India spoke to Vishnukant Bhutada, Managing Director, Shilpa Medicare Limited on the new facility and challenges and growth of the company. Edited excerpts; ....
The new millennium was ushered in with the conviction that innovation in life sciences, especially biotechnology, will play a transformative role in making India a knowledge economy. The optimism was palpable and several ventures emerged during the period spanning 2000 and 2002 to translate this dream. That was when I moved from Mumbai to Hyderabad to head the newly formed ICICI Knowledge Park (later renamed as IKP Knowledge Park, IKP), the first life science park in the country, founded by ICICI Bank with support from the then State government of Andhra Pradesh. But, before reminiscing about the evolution of the life sciences startup ecosystem since that time, a few trendsetters that created a fertile ground for change, need to be recognised ....
Starting with COVID-19 vaccine manufacturing opportunity, the companies plan to expand to other areas including various biosimilars, other vaccines, and diagnostics.
Six months since it was granted emergency approval, Zydus Cadila’s managing director said the company wants to have adequate stock before launching it. ....