Get All Access for $5/mo

Emil Pharmaceuticals Secures INR 150 Crore: Report The company plans to utilize the fund for rapid expansion and modernization of pharmaceutical formulations' capacities and increasing the footprints in the rest of the world as well as regulated markets

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Emil Pharmaceuticals Industries, a Mumbai-based manufacturing company, has reportedly sold a minority stake to secure INR 150 crore from Somerset Indus Capital Partners. The company plans to utilize the fund for rapid expansion and modernization of pharmaceutical formulations' capacities and increasing the footprints in the rest of the world as well as regulated markets.

According to an ET report, the funding shall be Somerset Indus Capital's 5th, and 2nd pharmaceutical funding, from its Fund II.

Emil could also be gearing as much as widen its product basket together with increasing into nutraceuticals, together with having a look at inorganic expansion alternatives complementary to its trade, other sources aware of the deal informed ET. We at Emil are indeed honoured to have such a strong group of investors backing us as we continue to innovate and grow. This funding will allow us to achieve the desired goals of the management," Korday stated as per the report.

"The investment is through a mix of primary INR 120 crore and secondary INR 30 crore sale. The investment outlay may increase in the near future," said Tushar Korday, director, Emil Pharmaceutical, in a statement.

Emil Pharmaceutical Industries Private Limited, company founded by technocrats in 1989 with a vision to manufacture quality medicines. As per the company's website, its mission is to provide excellent quality services to customers. It also added that up to date equipment, outstanding quality structure and satisfying facilities are some key ingredients for success of Emil Pharmaceutical Industries.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.

Growing a Business

5 Effective Strategies to Boost Your Business's Online Presence

Boosting your online presence in 2025 is the key to success for businesses looking to grow. Working on your branding and reputation management is important to drive more sales and improve conversion.

Growing a Business

Why Business Owners Should Streamline Their Operations Now for Success in 2025

As the holiday season and year-end approach, business owners face heightened operational demands, from inventory management to spend control. By streamlining these processes and partnering with flexible suppliers, businesses can maintain efficiency, meet customer needs and focus on growth while navigating this busy period.

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Leadership

Why Your AI Strategy Will Fail Without the Right Talent in Place

Using fractional AI experts through specialized platforms allows companies to access top talent cost-effectively, drive innovation and scale agile strategies for growth.