Sharda Cropchem procures 2,750 registrations
Chemical

Sharda Cropchem procures 2,750 registrations

Additionally, the company has filed 1,026 applications for registrations globally pending at different stages

  • By Pravin Prashant | July 28, 2021

Sharda Cropchem Limited, an Intellectual Property driven company engaged in marketing and distribution of wide range formulations and generic active ingredients, has procured 2,570 registrations - 2,292 registrations are Formulations and 278 registrations are Active Ingredients (AIs). 

Additionally, the company has filed 1,026 applications for registrations globally pending at different stages. 

Sharda Cropchem efficiently channelises its time and resources for strengthening its core competency of identifying generic molecules and registration opportunities which offers scalable growth with limited capital requirements. The company has enduring relationships with multiple manufacturers and formulators which enables the company to source and supply formulations or generic active ingredients at competitive prices.

The company has an asset light business model which focuses on identification of generic molecules, preparing dossiers, seeking registrations, marketing & distributing formulations through third party distributors and/or own sales. The manufacturing of AIs and formulations is outsourced. 

The highly flexible operating model results in overall cost competitiveness; efficient management of fluctuating market demand across various geographies; and offering a wide range of formulations and AIs.

Meanwhile, Sharda Cropchem has reported total income of Rs.629.14 crores during the period ended June 30, 2021 as compared to Rs.1104.89 crores during the period ended March 31, 2021.

The company reported total income of Rs.398.87 crores during the period ended June 30, 2020.

Sharda Cropchem has posted net profit of Rs.38.06 crores for the period ended June 30, 2021 as against net profit of Rs.133.91 crores for the period ended March 31, 2021.

It posted net profit of Rs.27.88 crores for the period ended June 30, 2020.

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