KKR-owned JBCPL to aggressively scale up, acquire local drug brands
Mumbai-based JBCPL, a listed company promoted by the Modi family since mid-1970s, was taken over by KKR last year, paying Rs 3,100 crore for 54% stake
PB Jayakumar | February 12, 2021 | Updated 17:18 IST
The US private equity firm KKR controlled JB Chemicals & Pharmaceuticals (JBCPL), one of the oldest pharmaceutical companies in India, is planning to aggressively scale up the business by acquiring midsized local drug companies and potential brands. We are evaluating a few mid-sized companies for acquisition as part of our business re-imaging strategy and aggressive growth plan. We are also looking to acquire potential brands, said Nikhil Chopra, CEO and whole-time director, JBCPL.
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