April 26, 2024 16:11 (IST)
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Mankind Pharma 5th fastest growing company: Report
New Delhi, Jan 20 (IBNS): Within a short span of 20 years, Mankind Pharma, has set the Indian pharmaceutical industry astonished by achieving the rank of 5th largest and fastest growing company of India, according to the IMS Health report.
The report states Mankind Pharma has earned revenue of 2700 crores by the month of December 2014 with the growth rate of 18 %.
The category measured and scored the firm’s ability to deliver innovation to market, by objectively measuring Mankind Pharma’s performance.
Established in 1995, Meerut-based Mankind Pharma, with a vision of becoming a leading global pharmaceutical company has dedicated itself in developing a wide portfolio of generics and new products, the company said in a statement.
With an annual growth of 25%, Mankind Pharma has gained an annual turnover of Rs. 2,700 crore in the fiscal year 2013-2014. In the last 10 years, Mankind has grown at an average of 30%, against an industry average of 12%.
R C Juneja, Chairman and Founder, Mankind Pharma, commenting on the achievement said, “With innovation and continuous research and development, we have successfully achieved the prestigious reward. Our unique business model, gives us access to originate products in various markets around the world. We are among the very few Indian pharmaceutical companies that offer a wide range of both generic and innovator products.”
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