Jubilant Ingrevia has announced its acquisition of Remidex Pharma Private Limited for ₹16.5 crore, marking a strategic expansion into the human nutrition sector.
Remidex, based in Bangalore and established in 1981, specialises in manufacturing micronutrient premixes and nutraceuticals. The company reported a turnover of ₹24.27 crore for the fiscal year 2024-25. This acquisition allows Jubilant Ingrevia to advance its position in the human nutrition value chain, particularly in the premix market, building on its leadership in vitamins B3 and B4. The acquisition is set to be completed within 30 days, with Remidex becoming a wholly owned subsidiary of Jubilant Ingrevia. The transaction is structured as a cash consideration and does not involve any related party transactions.
Remidex is recognised for its high-grade manufacturing facility in Bangalore, holding certifications such as WHO-GMP and FSSC. The company has a strong customer base, known for its innovation and quality control capabilities, making it a significant player in the human nutrition industry. Over the past three years, Remidex has shown consistent performance with turnovers of ₹31.15 crore in FY 2023-24 and ₹30.51 crore in FY 2022-23.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).