Beloorbayir Biotech Ltd receives 75 crore from India Agri Business Fund Ltd
BBTL sets up aggressive plans on production and market expansion; planning to open research centre in USA.
The investment will empower BBTL to further expand its manufacturing capacities across 4 off its 8 plants and will boost other infrastructural abilities. Further, the new funds will be used to strengthen its marketing activities in global regulated markets to fuel future growth.
BBTL is aiming to capitalize on the rapidly expanding supplements market both domestically and internationally.
Commenting over the funds, Mr. B.G. Bairy, Managing Director and CEO, BBTL said, “We have been growing strong in the pharmaceuticals segment over the years and have established ourselves globally with most of our revenue coming in from USA, South-East Asia, EU and SAARC countries. With the recent funding we’ll not only be focusing to strengthen and increase production capacity, but also focus on the nutracueticals segment globally”.
Ajay Bair, Director, BBTL said,” We think nutraceuticals is high growth, high potential sector and yet not fully developed in India. With this fund in place, we aim to expand research and development capacity and our presence in foreign markets”.
BBTL is considering to open a new research and development facility in USA in the post-funding phase.
Spread across a large area, BBTL boasts of world class manufacturing facilities at all its 8 facilities located in and around Bangalore and is administered by a highly-
Mr. Rajesh Srivastava, Chairman & Managing Director of Rabo Equity Advisors will join the Board of BBTL and support the company in its aggressive growth plans.
“We are excited about the opportunity to support BBTL’s management in expanding infrastructure & facilities and also their in-depth research and development around the many uses of food & dietary supplements for better health”, Mr. Srivastava said.
“BBTL has built a strong reputation globally for offering the highest quality Nutraceutical-
Adding to it, Mr. Bairy said, “The opportunity to build upon a great legacy brand with a firm dedication to research, development and clinical science in the field of Food & Nutraceuticals is very exciting to me, and one in which our customer base will benefit greatly with new innovative and efficacious products,”. Citadel Management Consulting Private Limited acted as the exclusive Advisor on this deal.
BBTL produces the wide range finest nutritional supplements and adhere to industry standards. BBTL is a fast-growing, Global Food sector-focussed, fully integrated Food & dietary supplement manufacturing company and a leader in the development, manufacturing and marketing of a range of specialty and super-specialty products encompassing the full life cycle quality control of the product. BBBL is an ISO 9001:2008 certified Company where in all its manufacturing units, meet GMP regulatory requirements of various national & International FDAs and meet all food safety management requirements as an organization that largely falls in the food value chain. BBTL facility is GMP Certified and has been registered with the USFDA Registrar’s Corporation.
About India Agri Business Fund Ltd.
India Agribusiness Fund Ltd., is the first private equity fund focused on the Indian food and agribusiness sector. Conceptualized and sponsored by Rabobank, the Fund has a committed capital of USD 120million. Besides the fund sponsor, Rabobank, other investors include premiere institutions such as IFC (part of the World Bank Group), DEG (member of KfW Group & owned 100% by the Government of Germany), FMO (a Dutch development institution owned by the Dutch Government), CDC (a UK based development institution owned by the British Government) and some premiere private institutional investors such as Capvent. The Fund was launched in November 2008.
Rabo Equity Advisors Private Limited, with offices in New Delhi and Mumbai, is the investment advisor to the Fund in identifying and evaluating potential investment opportunities, providing economic and market intelligence to portfolio investments and creating liquidity events for its investors including exit opportunities.