- Business
- Hindustan Bio Sciences Limited engages in the manufacturing, marketing, and sale of pharmaceutical and biotechnology products primarily in India with exports to global markets. The company produces a wide range of premium finished dosage forms, including dry and liquid injectables, liquid and dry syrups, eye/ear/nasal drops, pre-filled syringes, non-sterile and sterile ointments, tablets, and capsules; it also offers the niche nephrology drug recombinant human erythropoietin (EPOVIN), which it began marketing extensively after obtaining import license and conducting clinical trials in 2007. Founded in 1991 and headquartered in Hyderabad, Telangana, the company maintains world-class manufacturing facilities approved by several regulatory authorities and previously sourced bulk drugs and intermediates before diversifying into finished formulations. In recent developments, the company appointed new independent directors Gorrela Pratheek Reddy and Bodeddula Nagi Reddy for five-year terms commencing September 30, 2024, following the expiry of prior independent directors' terms; it also saw changes in key managerial personnel, including a new company secretary and chief financial officer during fiscal 2023-24, alongside reporting revenue growth to Rs 105.27 lakhs and a net profit of Rs 5.76 lakhs for the year ended March 31, 2024.