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Bought for Rs 12.5 cr, sold at Rs 2000 cr; How Zandu scion scaled API biz 160 times in 12 yrs


Synopsis
Nihar Parikh has sold 100% of ZCL, an API co to Advent International riding the industry upswing after turning around a once-sub scale operation.
Nihar Parikh.
Back in 2008, Nihar Parikh had no inkling about the ferocity of the takeover battle between his family and Kolkata based
Emami who had raided their family’s crown jewel – the 100 year old OTC and ayurveda company Zandu Pharmaceuticals, makers of the eponymous pain relief balm, chyawanprash etc.
Like most 22-year olds, Nihar loved his weekend pub crawls in Antwerp, taking several swigs of his favourite Belgian pale ales, after week long toils on the shop floor at the Johnson & Johnson speciality chemicals manufacturing plant at the industrial town of Geel where he was interning as a chemical engineer. ....

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