‘We may look at scaling to 50 per cent growth in the next financial year'

Manish Jain, Managing Director of Cilicant Chem, a company that provides solutions to protect highly moisture-sensitive products from the harmful effects of moisture or humidity for the desiccant market, discusses the company's growth strategy with Akanki Sharma

- Akanki Sharma

What was the need to come up with Cilicant Chem?

Medicine spending in India is projected to grow nine to 12 per cent over the next five years, leading India to become one of the top 10 countries in terms of medicine spending. Pharma is amongst few industries which understand the criticality of having the right active packaging in the formulation of the product’s shelf life. Selection of active packaging is thus based upon many stability studies and trials.

Given this scenario, the active packaging in India, primarily has been coming from multi-national players, when India is definitely poised to manufacture the same international standard and quality indigenously.

Cilicant Chem was born out of that passion - the need for an indigenous source which will manufacture the right quality of active packaging to protect the products from degrading effects of moisture and oxygen.

Tell us about the solutions you offer to the pharma industry and other stakeholders.

Our products CILICANTFG desiccants sachets and canisters, and CILICANT oxygen absorbers have been specially designed for usage in primary packaging of pharmaceutical products, medical devices, diagnostic kits and food products. It adheres to the international quality standard and meets the requirement of US Food and Drug Administration (USFDA)standards with respect to Type III DMF (Drug Master File). Hence, it is completely safe for direct food contact in accordance with the Federal Food, Drug and Cosmetic Act requirement of 21 CFR. We have an array of desiccant solutions which ensures protection from the harmful effects of moisture and oxygen and provides the much required extended shelf life. The other industries include nutraceutical, medical devices, processed food, electronic equipment, etc.

How do you ensure the affordability and cost-efficiency of your solutions?