Pharmabiz
 

Swiss Garnier Life Sciences poised for a big leap

Thursday, December 6, 2012, 08:00 Hrs  [IST]

In the last six years of its operations, Swiss Garnier Life Sciences (SGLS) has achieved a turnover of Rs.130 crores and is poised for a quantum jump in  the coming financial year.

SGLS , established in the year 2006 at Himachal Pradesh, has been accepted as one of the top few contract manufacturing companies in India.  It has  not only attracted giant multinationals like MSD, Merck, Abbott but also Indian multinationals like Ranbaxy, Dr. Reddy’s Laboratories, Lupin, Wockhardt etc.

The promoters have started another state-of-art manufacturing facility at Sikkim with an investment of Rs.40 crores, which is expected to go into commercial production by the end of this fiscal year.

SGLS has also entered into FMCG segment by manufacturing Gatorade for Pepsico India.  Further Pepsico has put  has partnered with SGLS to produce their fruit dilutables  Tropicana in  sachets,  which is expected to go for commercial production soon. To cater, to  the needs of the hygroscopic products , a dedicated Low RH facility has been installed recently.

With this , the company is expected to do better in the coming financial year in terms of its revenue.  During the current year, the company has launched an innovative ointment formulation which has been well accepted in the market. The company has expanded its manufacturing facility in terms of increased work-force, warehouse, manufacturing and packing capacities which will further reduce the lead time for the supply of the finished products to the customers. The company has been consistently awarded SME1 credit rating consequently for the last four years which reflects the financial and management strength of the company.

The company has introduced the laser printing technology first time in India in the packing of  pharmaceutical formulations as a fool proof technology to avoid counterfeiting in packaging , which has won plaudits from  customers.  The company has already registered their products in Sri Lanka and is being registered in various other countries – Tanzania, Cambodia, Ghana, Philippines etc.  The company is expected to start its export operations in the coming year.

 
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