- Business
- Ind-Swift Laboratories Limited manufactures active pharmaceutical ingredients, intermediates and formulations through group collaborations for global regulatory markets including the US, Europe and emerging regions. The company, founded in 1995 and headquartered in Chandigarh, India, specializes in APIs across therapeutic areas such as cardiovascular health including Atorvastatin Calcium and Ranolazine; antihistaminic; antidiabetic; antipsychotic including Aripiprazole; antimigraine; Parkinson's disease including Ropinirole HCl; antineoplastic including Letrozole and Anastrozole; ADHD symptoms; analgesics; alcohol abstinence; bone resorption inhibitors including Risedronate Sodium; and holds global leadership in macrolide antibiotics including Clarithromycin and its derivatives; it also provides contract research and manufacturing services with a 40,000 sq ft R&D center in Mohali, Punjab that has developed over 50 APIs and filed multiple DMFs. Facilities feature approvals from USFDA, EDQM, ANVISA, KFDA and others, supporting exports to regulated and row markets via six modern manufacturing sites. Recent developments include the sale of its API and CRAMS businesses to PI Industries via slump sale effective March 18, 2024; merger with Ind Swift Limited approved by NCLT and effective August 8, 2025 with appointed date March 31, 2024, involving allotment of preference shares and conversion of equity warrants; approval at June 2024 EGM for business expansion and investments up to INR 1,500 million in wholly owned subsidiaries by December 2027 including strategic greenfield and brownfield opportunities in India and abroad, plus INR 500 million in subsidiary loans or equity by December 2026; and strategic asset sales such as plant machinery to ANG Lifesciences for Rs 38.40 crores contributing to robust FY2025 profits of Rs 256 crores standalone.