'A Foray Into The Us And European Markets Is Our Goal Now'

Mack Pharmatech is a Nashik-based leading manufacturer of pharma and laboratory equipment for the past 20 years. Dr Kiran Badgujar, Director, Mack Pharmatech, shares insights on the company’s growth strategy, challenges and the road map ahead with Express Pharma. Excerpts of the interview

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Could you tell us about the growth journey of your company so far?

In 1999, Manoj Chaudhari, Partner, Mack Pharmatech and I started a service-based business. Both of us share an engineering background. At the moment, Mack Pharmatech is one of the top brands in the pharmaceutical and laboratory equipment industry, supplying to major pharma companies such as Aurobindo Pharmaceuticals, Dr Reddy’s Laboratories, and Cipla, to list a few.

Mack Pharmatech is the first Indian company to have acquired the European CE Certification. All our products are CE marked. Since 2005, we have been supplying to Hungary’s Sun Pharmaceutical Industries.

We have worked our way up from the absolute ground level. We do not believe in copy-paste when it comes to technology. We develop our own products. Starting out as two individuals, today we have an employee-strength of 200. We have a pan-India presence of service stations.

As a company policy, we offer jobs to those who are in need and treat them as part of our extended family. We can say it with pride that our attrition rate continues to remain low.

The Indian pharma’s sunrise segment, generics experienced certain challenges in the past. What is the current outlook for this segment?

Our observation is that the overall pharma sector itself remains a booming industry right now. Since 2008, the sector has seen fast growth. For instance, in Himachal Pradesh, the pharma sector has the biggest share in economic growth rate, which influences other ancillary industries too. The same growth story is being witnessed in Gujarat for the last five years, especially due to the supportive role played by the government.