Mar, 2020:
Carlyle Acquiring stake gives them a strong backbone which enables them to think about entering US or China market and lot of other optionality.
Filed First injectable (Tulathromycin) for US market.
Initiated CDMO business (optionality)
June, 2020
Multi-year agreement with Zoetis to market & distribute their ruminant portfolio in India. Being Partner of Zoetis provides gloabl image & helps to acquire their CDMO customer in future.
CDMO is very niche initiative targeting only veterinary API customers.
Sep, 2020:
Acquired 40% of Provet (Turkey Subsidiary, extremely profitable business) making it a wholly owned subsidiary which will improve their bottomline.
Hired Stonehaven as consultant to become top 10 animal healthcare company, dreaming big.
Dec, 2020:
CDMO model initiated with one of the largest AH player, 2 products under execution.
March, 2021
Being aggressive in entering US market organically, Open to inorganic opportunity also.
In Brazil, Turkey & India getting into pet business. Depression is accepted as real disease and Adopting pet is becoming the trend. Already present in Europe with Pet business.
This hunger to grow topline faster and admitting about sacrificing margin in next 2 years is amazing.
Vision 2025 should be bolder & Bigger.
Would love to have major price dips over next 1-2 years as bottom line improvement won’t be very nice in short term.