PE Fund Investments
Bain Capital acquires agro-chemicals player Porus Labs at Rs.2,400-Cr valuation
Private Equity firm Bain Capital has acquired Porus Labs, a Hyderabad-based manufacturer of agricultural and specialty chemicals, at a reported enterprise valuation of INR 2,400 crore. Founded in 1994, Porus Labs specialises in manufacturing APIs (active pharmaceutical ingredients), pharmaceutical intermediates, agro-chemicals and specialty chemicals. It has five units spread across Andhra Pradesh and Telangana. The firm's customers include Dr Reddy's Laboratories, Sun Pharma, Lupin and Teva. Porus Labs is led by its CEO, Srinivasan Namala
From the Venture Intelligence Private Company Financials Database: For FY22, Porus Labs had reported INR 679 Cr in Operating Income and INR 56 Cr in PAT. (Subscribers to the database can login to view the detailed financials.)
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