PE Fund Investments
TA Associates buys contract manufacturer Synokem Pharma for $125-M
TA Associates has acquired a majority stake in New Delhi-headquartered Synokem Pharmaceuticals - a contract development and manufacturing organization - in a deal worth INR 1,000 crore (USD 125 million). Synokem's founders will continue as shareholders in the company alongside TA. Founded in 1983 by J.M. Arora, Synokem Pharmaceuticals serves customers in the branded generic domestic formulations market. The company's products are also exported to more than 30 countries.
From the Venture Intelligence Private Company Financials Database: For FY22, Synokem had reported an Operational Income of about INR 686 Cr and a Net Profit of about INR 80 Cr. (Subscribers to the database can login to view the detailed financials.)
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