- CEO
- Bansilal Mahaveer C. Bafna
- Full Time Employees
- 339
- Sector
- Health technology
- Industry
- Pharmaceuticals: major
- Address
- Bafna Towers Chennai TN India 600001
- IPO Date
- Jun 27, 2008
- Business
- Bafna Pharmaceuticals Limited manufactures and markets finished pharmaceutical formulations, with a focus on solid oral dosage forms including tablets, capsules, and liquids in non-betalactam, betalactam, and cephalosporin categories. The company produces over 336 licensed formulations, including key products such as Afenac-P Tab, Afenac-TH Tab, Metformin, Naproxen, and branded generics like Atorvastatin for regulated markets; it emphasizes therapeutic segments including diabetology, pain management, cardiovascular, oncology, and gastrointestinal diseases. Operations span contract manufacturing for regulated markets in the United Kingdom, Europe, and Australia, alongside exports of generics to emerging markets in Sri Lanka, Africa, the Philippines, and CIS countries, with approximately 67% of revenues from exports and 60% from contract manufacturing.
Founded in 1981 and headquartered in Chennai, India, Bafna Pharmaceuticals operates as a subsidiary of SRJR Lifesciences LLP from its EU-GMP, UK-MHRA, and TGA Australia-accredited facility at Grantlyon near Chennai, serving multinational clients with around 363 employees.
In recent developments, the company reported a 32.18% revenue growth to Rs. 15,246.57 lakhs in FY2023-24, driven by new formulation developments, expanded R&D and quality control capabilities, and capex plans of Rs. 50 crore through FY2025 for debottlenecking, product expansion, and maintenance. It received the MSME-ZED Gold Certificate in 2023 and the All-Round Silver Star Export Performance Award from the Pharmaceuticals Export Promotion Council of India in 2024, reflecting strengthened export focus amid plans to enter specialty formulations in regulated markets.