Ahmedabad-based Sankalp Life Care, a leading manufacturer of nutraceuticals, and Mumbai-headquartered Vaishali Pharma Ltd., a Mumbai-based manufacturer and exporter of pharmaceutical formulations, have formed a unique partnership that will help both companies grow faster.
As per the agreement between the two companies, NSE-listed Vaishali Pharma Ltd. will take over the entire domestic and international marketing of Sankalp Life Care’s portfolio of nutraceutical products.
“This is a perfect partnership. Sankalp Life Care’s core strength is in manufacturing the best quality nutraceutical products, and Vaishali Pharma has a wide global presence in the Indian and multiple markets and specializes in marketing. The partnership will allow us to leverage Vaishali Pharma’s marketing reach and focus on our expertise. It is a win-win for both companies, and we look forward to growing together and offering the highest-quality nutraceutical products to customers in India and around the world,” said Dimple Goenka, Director, Sankalp Life Care.
“This agreement between Vaishali Pharma and Sankalp Life Care is the first-of-its-kind in the Indian Pharma Industry. Vaishali Pharma will handle the complete domestic and international marketing operations of Sankalp Life Care and make Sankalp Life Care’s 100+ innovative products available in more than 40 countries. The unique agreement builds on the strengths of the two companies and will be mutually beneficial,” said Atul Vasani, Managing Director, Vaishali Pharma Ltd.
Sankalp Life Care is a leading nutraceuticals company that has established the country’s 5th largest nutraceuticals facility in Bavla, Ahmedabad.
The zero-discharge facility, which is now fully operational and has been designed in accordance with World Health Organization standards, manufactures a variety of tablets, capsules, powders, sachets, gummies, liquid and effervescent tablets, among other products.
It is also designed in accordance with USFDA standards, and the company has already applied for USFDA approval for the facility.
Vaishali Pharma, one of the industry’s fastest-growing and most versatile companies, manufactures and exports pharma formulations in a wide range of dosage forms and therapeutic segments, Active Pharmaceutical Ingredients (APIs), surgical products, nutraceutical, and oncology products. It has a strong presence in both domestic and export markets and currently supplies all major Indian and multinational pharmaceutical companies. The company has served semi-regulated and unregulated markets all over the world.