Cadila Healthcare

Cadila Healthcare Limited
Public (BSE: 532321)
Industry Pharmaceuticals
Founded 1952
Headquarters Ahmedabad, India
Key people
 Pankaj Patel, Chairman
Revenue IncreaseUS$ 1.2 Billion (2014)
IncreaseUS$ 3 Million (2010)
Number of employees
 11000 (2010)
Slogan dedicated to life
Website http://www.zyduscadila.com/

Cadila Healthcare (BSE: 532321) is an Indian pharmaceutical company headquartered at Ahmedabad in Gujarat state of western India. The company is the fifth largest pharmaceutical company in India,[1] with INR 29.78 Bn in turnover in 2011. It is a significant manufacturer of generic drugs.

History

Cadila Laboratories was founded in 1952 by Ramanbhai Patel(1952–2001), formerly a lecturer in the L.M. College of Pharmacy, and his business partner Shri Indravadan Modi. The company evolved over the next four decades into one of India's established pharmaceutical companies.

In 1995 the Patel and Modi families split, with the Modi family's share being moved into a new company called Cadila Pharmaceuticals Ltd. and Cadila Healthcare became the Patel family's holding company. Cadila Healthcare did its IPO on the Bombay Stock Exchange in 2000. Its stock code on the Bombay exchange is 532321.

In 2001 the company acquired another Indian pharmaceutical company called German Remedies. On June 25, 2007, the company signed an agreement to acquire 100 per cent stake in Brazil's Quimica e Farmaceutica Nikkho do Brasil Ltda (Nikkho) for around 26 million dollars.

In 2010, Cadila Healthcare received a prestigious Wellcome Trust Award under the new "R&D for Affordable Healthcare in India" initiative.

In 2014, Cadila Healthcare launched the world's first adalimumab biosimilar under the brand name Exemptia at one-fifth the originator's price.[2]

Products

From nine pharmaceutical production operations in India as well as a Zydus Cadila develops and manufactures a large range of pharmaceuticals as well as diagnostics, herbal products, skin care products and other OTC products.

The company makes active pharmaceutical ingredients at three sites in India:

Ankleshwar plants – Zydus Cadila's plant complex at Ankleshwar in Bharuch District of Gujarat, has been producing drug material since 1972. There are around 12 plants in the complex, which is ISO 9002 and ISO 14001 certified approved by the U.S. Food and Drug Administration (FDA). Total plant capacity at Ankleshwar is around 180 million tonnes.

Vadodara plant – Zydus Cadila's plant at Dhabhasa, in Vadodara District's Padra taluka (in the eastern part of the district) in Gujarat, was commissioned in 1997 by a company called Banyan Chemicals, and acquired by Zydus Cadila in 2002. The plant has a 90 million tonne capacity. It is approved by the U.S. FDA and is also approved to World Health Organization (WHO) good manufacturing practice (GMP) guidelines.

Patalganga plant – Zydus Cadila acquired an API plant at Patalganga in Maharashtra state, 70 km from Mumbai, about 859 km from Nagpur, in the 2001 German Remedies deal. This plant operates to WHO GMP standards.

Others

Navi Mumbai plant – This operation, at Navi Mumbai in Maharashtra, is a 50/50 joint venture with Nycomed Pharma of US, makes intermediates of the drug pantoprazole.

Mumbai Business Office – This office houses Business Unit India - 2 or German Remedies. This office belonged to German Remedies (I) Ltd. This company was acquired in 2000. This was the biggest takeover in the History of Indian Pharmacological Industry. German Remedies is now a Registered Trademark of Cadila Healthcare Ltd.

Goa plants – The company's plants at Ponda in the southern Indian state of Goa do formulation work as well as manufacture oncology drugs and a herbal laxative branded Agiolax based on Psyllium seeds. These Plants belonged to German Remedies (I) Ltd. too and now are part of Business Unit - Manufacturing of the Company.

Baddi plant – In 2004 Zydus commissioned at formulation plant at Baddi, in Himachal Pradesh state of northern India. The Baddi plant makes solid oral pharmaceuticals.

Sikkim plant – In 2008 Zydus commissioned at formulation plant at Majhitar, in Sikkim state of eastern India. The Sikkim plant makes solid oral pharmaceuticals and hormones. This plant now caters almost all Domestic Formulation needs of the Company.

In Gujarat, India

Dabhasa plant – Zydus Cadila's API/Bulk Drug Plant in a village about 20 kilometers South from Vadodara houses one of the largest process research (API) centers in the country. This plant belonged to Banyan Chemicals which was acquired by Zydus in 2003

Vatwa plant – Zydus Cadila's plant at Vatwa, an industrial suburb of Ahmedabad, makes products for Animal Health care division of the company.

Zyfine plant (Changodar) – Zydus Cadila's plant at Changodar, 20 kilometres from Ahmedabad on the city's outskirts, manufactures fine chemicals. Zydus is current constructing a facility at Changodar to make vaccines for hepatitis B and rabies.

Zydus Research Centre (ZRC) (Changodar) – Zydus's NCE, NME, MBE research facility is the largest of its kind in Indian, with more than 500 post graduate scientists it is working towards the prosperous future of the company and Indian Pharmaceutical Industry.

Zydus Hospira Oncology Pvt. Ltd. (SEZ, Matoda) – Zydus's JV venture with Hospira Inc. of US manufactures Anti Cancer Injectables at this plant. This plant is also U.S. FDA approved and situated in Special Economy Zone, about 25 kilometers from Ahmedabad. This SEZ is developed by Zydus Infrastructure Pvt. Ltd., another group company of Zydus.

Zydus – BSV(SEZ, Matoda) – Zydus's JV with Bharat Serum and Vaccine Ltd.'s Plant is another facility located in the same SEZ.

Zydus Technologies Ltd.(SEZ, Matoda) – Zydus's JV with Noveltech Inc.Plant is another world class facility located in the same SEZ for Novel Drug Delivery Systems.

Nutralite Manufacturing Fascility (Changodar) – Zydus manufactures and sells, Nutralite - a health, butter substitute. This plant comes under the banner of Zydus Wellness Ltd. This company also manufactures and sales, popular brands as SugraFree, Everyouth, Everyouth Men'z and D'lite.

Corporate control

Zydus Cadila's major shareholder remains the Patel family. Pankaj Patel (born 1951), son of the founder, is CEO. In 2004 Pankaj Patel was included by Forbes magazine in its annual List of India's richest people. Forbes estimated Patel's net worth at US$510m, making him India's 26th richest person.[3] However in 2005 Patel dropped off the Forbes list due to a fall in the stock price of Cadila Healthcare. Moreover, there is a team of nine senior level executives, known as the Executive Committee, who are heads of different operations look after the overall management processes. None of the members except Pankaj Patel are on the Board of Directors. The Indian pharmaceutical industry has become the third largest producer in the world and is poised to grow into an industry of $20 billion in 2015 from the current turnover of $12 billion.

References

  1. ↑ "A Complete Overview on Cadila Healthcare, a growing and popular company in India.". business.mapsofindia.com. Retrieved 2009-02-04.
  2. ↑ http://articles.economictimes.indiatimes.com/2014-12-09/news/56879703_1_rheumatoid-arthritis-first-biosimilar-humira
  3. ↑ "Forbes.com: India's Richest". www.forbes.com. Retrieved 2009-02-04.

External links