Zenox Lifesciences To Raise PE Funding
Zenox Lifesciences Limited is set to raise Rs.6 Cr through private equity route in a few months.
The funds will be utilised for new business opportunities, pan-India expansion by 2012 -13 and for buying brands.
Transaction Reference: BS
Chennai-headquartered Zenox was formed in June 2010 by Dr. S.Arulrhaj - Common Wealth Medical Association President, Past President of Indian Medical Association and Former Chairman & Co-Promoter of Grandix Pharmaceuticals Limited; andby S.A.Manikandan - Former CEO of Strides Pharmaceuticals and Former Co-founder & Managing Director of Grandix Pharmaceuticals Ltd.
Pharma firm Zenox is promoted with an equity capital of Rs.4 Cr
Zenox is launching 15 products particularly for treating chronic ailments in Tamil Nadu, Andhra Pradesh, Karnataka, Kerala and Orissa markets. It currently has 150 field operators.
According to Mr Manikandan “We expect to have a turnover of Rs.15 crores in the first six months of operations. We hope to increase the turnover to Rs.40 crores by the end of the financial year 2011-12 and to Rs.100 crores by 2012-13 by organic & inorganic means”.
It has tied up with Formulation Development Organization to create unique NDDS products and producing the same from WHO – cGMP certified contract manufacturing facilities.
| 1 Readers' Comments | Post a Comment >> |
KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 02/09/10 | Zenox Lifesciences - Fund Raising | Private Equity | Looking For | 1.28 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 07/02/12 | M&A | Daiichi Sankyo | Looking For | - | Planned |
| 02/02/12 | M&A | Aanjaneya Lifecare Limited | Apex Drugs And Intermediates Limited | 51.05 | Completed |
| 25/01/12 | M&A | Jubilant Life Sciences Limited | Vanthys Pharmaceuticals Development Private Limited | - | Planned |
| 24/01/12 | M&A | Watson Pharmaceuticals Inc | Ascent Pharmahealth Limited | 395.61 | Completed |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Zenox Lifesciences Limited | S Arulrhaj S A Manikandan |
Flat No.2B, Second Floor, K G Retreat, Old No.119, N.NO.26, G N Chetty Road, T Nagar, Chennai-600017. Tamil Nadu, India. | www.zenoxlifesciences.com | |
| 1 | November 30, 2010 12:27 PM |
more
information - Posted by k.nagabushnam  Recommended by 0 Readers |
| 2 | November 17, 2010 12:35 PM |
To
Mr.S.A.Manikand
an Managing
Director ZenoX sir kindly inform the status report of Cheque NO.648579 dt.4-11-2010. Dr.P.Rama Rao cell>9949071946 . - Posted by DR . PRAMARAO Recommended by 0 Readers |
| 3 | November 17, 2010 12:31 PM |
I have paid
Rs.10,000/-
towards 1000
shares.Iwanted
to know that
the cheque NO
648579 is
encashed or not
due to
technical
problem the
amount is not
reflected in my
pass
book.Incase of
any problem
kindly resubmit
the same
cheque. Yours sincerely, Dr.P.RamaRao Visakhapatnam cell:9949071946 . - Posted by DR . PRAMARAO Recommended by 0 Readers |
| 4 | October 26, 2010 07:18 AM |
replica
watches?are
made from a
wide variety of
different
materials. If
you are buying
a quality swiss
watches from a
reputable
dealer you will
be able to tell
what a designer
watches is made
from before you
buy it.?These
details can
normally be
found on each
different
component;?the - Posted by bags Recommended by 0 Readers |
| 5 | October 01, 2010 12:58 PM |
Little More
Detail About
your co - Posted by NASEER ABBAS Recommended by 0 Readers |
| 6 | October 01, 2010 12:57 PM |
Requre little
more detailes
abot your co - Posted by NASEER ABBAS Recommended by 0 Readers |
| 7 | September 23, 2010 10:51 PM |
congratulations
to
s.a.manikandan
sir,i hope
zenox is ready
to rocks.all
the best to
zenox family - Posted by jagadeesh sharma Recommended by 0 Readers |
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