Bangalore-based Sami Labs Ltd (SLL) has drawn up plans to
expand its presence in the global market in the wake of
the company winning three patents in the US.
The company's three new active ingredients, Tetra-hydro-curcuminoids
(THC), Coleus oil and Zealutien, are set to add to new dimension
in the dermatology, infective and geriatric ophthalmology
markets, according to the company's Chairman and Managing
Director, Dr Muhammed Majeed.
The three active ingredients, which are used in the nutraceutical
and cosmeceutical formulations, have a combined estimated
market size of Rs 20 crore, he told press persons here on
In fact, the company has introduced many of its Indian herbal
products in the US market — the company at present
holds nine US patents, with 22 patents more pending.
Replying to a query, Dr Majeed said the company was exploring
the possibility of raising money from the market through
the `initial public offer' route to part finance its expansion
programme. "We have already appointed a consultant,
which is expected to submit its report within three months,"
Dr Majeed said the company was also actively exploring the
possibilities of using natural waste products to bring out
new ingredients for a variety of formulations. The company
will be introducing in the market a new product, policosanol,
made out of sugarcane wax that can be used for chlorestol
reduction. Another ingredient, glucoseamine, made out of
shrimp shells, to battle arthirities is also in the pipeline.
"Additionally, the company is driving biotech research
in probiotics and is expected to roll out products by the
end of 2004. The company is targeting a turnover of Rs 100
crore for its formulations business in India by the close
of 2006," Dr. Majeed said.
Another thrust area of the company is the aromas and fragrances
market in India, which is estimated to be of Rs 1,200 crore.
The company is in the process of setting up a fully automated
plant to cater to the market, with corporate majors such
as Godrej, HLL, L'Oreal, Amway and Avon being the Indian