Akums Drugs eyes 10k cr turnover in next 5 years
The company is focusing on growing its API vertical as well as nutraceuticals, injectables and other product pipeline to fuel the next round of growth
image for illustrative purpose
New Delhi: Leading contract manufacturing drug firm Akums Drugs & Pharmaceuticals plans to expand its presence globally and enhance product range as it looks to more than double its turnover to Rs 10,000 crore by 2028, as per the company's Joint Managing Director Sandeep Jain.
The company, which produces around 12 per cent of all the medicines consumed in the country from its 15 manufacturing facilities, has a topline of about Rs 4,000 crore currently. In an interaction with, Jain said the company would be able to achieve its stated financial targets even if it continues to grow at the same pace it has been doing over the last few years. He noted that the demand for pharmaceutical products is going to stay robust in the domestic market, with some estimates pointing towards the market doubling by 2030.
"We expect to touch a turnover of Rs 10,000 crore in the next five years (2028) from the current level of Rs 4,000 crore. Our plan is to keep growing by at least 12-15 (CAGR)," Jain said. The company, which currently has over 1,400 clients across pharma, nutraceutical and FMCG sectors, is now focusing on growing its active pharmaceutical ingredient (API) vertical as well as nutraceuticals, injectables and other product pipeline to fuel the next round of growth.
