- Business
- Kobo Biotech Limited manufactures active pharmaceutical ingredients using fermentation technology at its facility in Solapur, Maharashtra, spread over 21 acres; the company produces pharmaceutical intermediates, including ephedrine and pseudo-ephedrine with an installed capacity of 150 metric tons per annum, as well as agrochemical and pigment intermediates. Incorporated in 1993 and headquartered in Mumbai, India, with a registered office in Hyderabad, Telangana, Kobo Biotech operates primarily in the pharmaceuticals and biotechnology segments, serving domestic and international markets with a focus on bulk drugs and APIs. Formerly known as Avon Lifesciences Limited, the company changed its name in October 2020; it currently faces financial challenges, including ongoing proceedings under the Corporate Insolvency Resolution Process as evidenced by regular Committee of Creditors meetings through 2025 and reported losses, such as a net loss of INR 1.33 crore in the first quarter of fiscal 2025, with operational activities at the Solapur facility at a standstill.