Alkem Laboratories

Alkem Laboratories

Type	Public company
Traded as	BSE: 539523 NSE: ALKEM
Industry	Pharmaceuticals
Founded	1973
Founder	Samprada Singh
Headquarters	Mumbai, Maharashtra, India
Key people	Samprada Singh, Dhananjay Kumar Singh
Products	Pharmaceuticals, generic drugs
Revenue	₹130 billion (US$1.8 billion) (2014-15)[1]
Operating income	₹31.82 billion (US$440 million) (2014–15)
Net income	₹11.44 billion (US$160 million) (2014–15)
Total assets	₹41.75 billion (US$580 million) (2014–15)
Total equity	₹13.5 billion (US$190 million) (2014–15)
Owner	Samprada Singh
Number of employees	15,000 (2015)
Website	www.alkemlabs.com

Alkem Laboratories is a multinational pharmaceutical company headquartered in Mumbai, Maharashtra that manufactures and sells pharmaceutical generics, formulations and neutraceutricals in India.

Company

Alkem set up its research and development facility for ANDA development at Taloja in 2003. In 2006 anti-infective drug Taxim of Alkem became the first anti-infective drug in the Indian pharmaceutical industry to cross 1,000 million in terms of domestic sales in India. In 2014 Clavam other drug from Alkem crossed 2,000 millions mark in terms of domestic sales in India. In 2007 the company filed its first ANDA for drug Amlodipine which was approved in 2009. Alkem has developed a portfolio of 705 branded generic drugs, with 13 of the brands featured among the top 300 brands in India for the fiscal year 2015 and a portfolio of 705 brands in India in the six months ended 30 September 2015. Alkem have 16 manufacturing facilities, 14 in India and 2 in US. 5 of the facilities are US FDA, TGA, UK MHRA approved.

Acquisitions

Alkem has 16 manufacturing facilities: 14 in India and 2 in the US. These 2 facilities in the US were acquired in 2012 and 2013 respectively. In 2014 acquired the "Clindac-A" brand in India from Galderma S.A. In 2015 again Alkem acquired a formulation manufacturing facility in the US.

Governance and administration

Samprada Singh is the founder and chairman emeritus of the company, he led and shaped Alkem what it is today, he is alumnus of Patna University and has a BCom degree from the Gaya College of Engineering. He is 42nd richest person in India and a billionaire.^[2] His brother, Basudeo Narayan Singh,^[3] was also the co-founder of the company.

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References