A Formulation Gone Sour

Primarily catering to sectors such as pharmaceutical, specialty chemical and agrochemical, among others, the company had been on a sure footing till recently when stake sale at a heavy discount to market price attracted regulatory scrutiny over allegations of possible insider trading

- GMM PFAUDLER

GMM Pfaudler manufactures alloy steel equipment, storage vessels, and glass-lined equipment. It is a leading supplier of engineered systems and equipment to the chemical and pharmaceutical markets. The company’s business segments include chemical processing equipment, mixing systems, filtration and separation equipment, and others. Its glass-lined reactors include AE series, BE series, CE series, PHARMA series, and accessories while its filtration and drying products include Mavazwag® agitated nutsche filters, Funda® centrifugal disc filter, Mavasphere® spherical dryer, and Mavapad® vacuum paddle dryer. GMM Pfaudler’s engineered systems include wiped film evaporators (WFE) and temperature control units (TCU). Its heavy engineering equipment includes heat exchangers and pressure vessels.

Industry Overview

GMM Pfaudler primarily caters to sectors such as pharmaceutical, specialty chemical, and agrochemical, among others. The Indian pharmaceutical industry is considered to be the world’s third-largest producer of drugs by volume and is valued at over USD 40 billion. The industry has been able to attract more than USD 2 billion FDI inflows over the last three years. With innovations in processes and formulations being its backbone, the Indian pharmaceutical industry has long established itself as one of the most reliable, high-quality, and cost-effective global drug suppliers. With this and an increase in spending in the healthcare sector, the demand outlook for the sector looks positive.