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Mankind Pharma Limited has acquired a 100% stake in Bharat Serums and Vaccines Limited (BSV) for INR 13,768 Crores.
This acquisition positions Mankind Pharma as a leader in the Indian women's health and fertility drug market, as well as providing access to high entry barrier products in the critical care segment with established complex R&D tech platforms.
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Rajeev Juneja, Vice-chairman and Managing Director, Mankind Pharma Ltd. shared “BSV’s acquisition marks a pivotal moment for Mankind Pharma. Their established specialty R&D tech platforms with complex portfolio perfectly aligns with our vision to expand into high entry barrier portfolio. This strategic move marks a significant leap for Mankind Pharma, positioning us as a market leader in the Indian women's health and fertility drug market. Today, we warmly welcome BSV’s 2,500+ members to our Mankind family adding a new chapter to our exciting journey and setting the stage for accelerated growth”
Sheetal Arora, Chief Executive Officer and Whole-time Director, Mankind Pharma Ltd. shared “Mankind’s strategic acquisition of BSV will bolster Mankind's existing specialty portfolio in India and Emerging Markets. BSV’s women’s health & fertility segment has massive opportunity along with strong growth visibility globally, led by structural tailwinds. We believe BSV will aid Mankind in delivering strong revenue growth and significant improvements in EBITDA margins. Together, we will unlock new opportunities, strengthen our product portfolio, and maximize full potential of our new growth vertical.
Sanjiv Navangul, MD & CEO, BSV, shared, “Today, being a part of the 23000+ Mankind Pharma family makes BSV bigger, stronger and better. Together, we will now be able to ensure wider access of our specialized and indigenously developed complex treatments to millions of patients in India and across the globe. We will together unlock new possibilities, explore opportunities and maximize potential that will help achieve our priorities and business goals.”
About Mankind Pharma
Mankind Pharma is a pharmaceutical company in India, which focuses on the domestic market with its Pan India presence. In a strategic move to strengthen its position in the Indian women's health and fertility drug market, Mankind Pharma has acquired Bharat Serums and Vaccines.
About Bharat Serums and Vaccines Limited (BSV)
Driven by people and science, Bharat Serums and Vaccines Limited (BSV) has pioneered a range of biological, biotech, and pharmaceutical products. Today, the company has the privilege of working in close partnership with its customers and stakeholders to make a sustainable impact. BSV remains committed to setting benchmarks in patient outcomes across Women's Health, Critical Care, and Emergency Medicine.
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