Innovexia Life Sciences Pvt. Ltd. | Success Story of becoming a prominent player in the Indian pharma industry

Shalini Rath Shalini Rath
Oct 29, 2022 5 min read
Innovexia Life Sciences Pvt. Ltd. | Success Story of becoming a prominent player in the Indian pharma industry

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Innovexia Life Sciences Pvt. Ltd.

From the 19th century onwards, the world saw how pharmaceutical science improved remarkably. It was during that period when the pharmaceutical industry witnessed some major developments in new classes of pharmaceuticals. Scientists and biologists worked hard to make prominent progress with their in-depth research to create some of the vital drugs that many of us are familiar with today.

Innovexia Life Sciences Pvt. Ltd. was established in 2011, that produces, trades distributes, and supplies a large variety of pharmaceutical medicines and injections. It is also regarded as one of the leading pharmaceutical franchise companies in Chandigarh.

Let us find out more about Life Sciences Innovexia Pvt. Ltd's success story, its founder, the type of business model they have, how it generates its revenue, and so on.

Innovexia Life Sciences Pvt. Ltd. - Company Highlights

Headquarters Chandigarh, India
Sector Pharmaceutical manufacturing
Type Private
Founder Sandeep Khajuria
Founded 2011
Revenue Rs 100 crores (approximately)
Website www.innovexia.com

Innovexia Life Sciences Pvt. Ltd. - About
Innovexia Life Sciences Pvt. Ltd. - Industry Details
Innovexia Life Sciences Pvt. Ltd. - Founder
Innovexia Life Sciences Pvt. Ltd. - Mission and Vision
Innovexia Life Sciences Pvt. Ltd. - Name, Tagline, Logo
Innovexia Life Sciences Pvt. Ltd. - Business & Revenue Model
Innovexia Life Sciences Pvt. Ltd. - Award & Achievement
Innovexia Life Sciences Pvt. Ltd. - Competitors
Innovexia Life Sciences Pvt. Ltd. - Future Plans

Innovexia Life Sciences Pvt. Ltd. - About

The Innovexia Life Sciences Pvt. Ltd is a pharma company that is engaged in offering a wide variety of products ranging from advanced antibiotics, high-quality vitamins, minerals, protein, chemicals, and other materials. The company is also engaged in the services of marketing a wide range of medicines under the business segment - the PCD Pharma franchise. Innovexia also offers contract manufacturing services to various clients to help them in the smooth functioning of the business. It deals in manufacturing products like tablets, capsules, derma range, ayurvedic products, herbal products, and many more at its technologically advanced manufacturing unit, which is GMP and WHO-approved. The company deals in brands like Duotime-S, Innoscab, Rightpro Plus, Innodent, and many more.

Innovexia Life Sciences is considered to be one of the emerging pharma companies in India.

Innovexia Life Sciences Pvt. Ltd. - Industry Details

In terms of quality manufacturing and value, the Indian Pharmaceutical industry comes at the 14th position. As per a survey, the domestic pharma market is anticipated to grow at least 3 times more in the coming years and is likely to reach $50-60 billion by 2025.

Innovexia Life Sciences Pvt. Ltd. - Founder

Innovexia Life Sciences is founded by Sandeep Khajuria.

Sandeep Khajuria Founder-Innovexia

Sandeep Khajuria

Sandeep Khajuria is presently the Chairman and Managing Director at Innovexia Life Sciences. He is a well-known and respected figure in the pharmaceutical sector. Mr. Sandeep Khajuria has more than 25 years of expertise in this field. He has worked in various sectors like Human Resources, Sales & Marketing, and Production & Distribution, at different levels in popular companies like Dr. Reddy's Laboratories & Cipla Limited.

Innovexia Life Sciences Pvt. Ltd. - Mission and Vision

Innovexia Life Sciences' mission statement is, "To become a leading Pharmaceutical Company in India in the sphere of excellence manufacturing, innovation, formulation, marketing and to escalate the business from the threshold of country and to become a forerunner in overseas."

The company aims to improve the health of every person by offering its customers a wide range of pharmaceuticals.

The tagline of Innovexia Life Sciences is, "Life through Innovation"

Innovexia Life Sciences Pvt. Ltd. - Business & Revenue Model

Innovexia Life Sciences business involves offering three types of services - High-quality Pharma products, PCD Pharma Franchise, and Contract Manufacturing.

High-quality Pharma products

Innovexia manufactures some first-rate pharmaceutical products at affordable prices. All of its products have been certified by ISO, WHO, and GMP. It creates medicines and drugs for Dental, Gastro, Injections, Herbal, Nasal Spray, Pediatrics, Syrups, Lotions, Urology, Tablets, and Capsules.

PCD Pharma Franchise Business

Innovexia is also engaged in offering marketing solutions for pharma startups from across the country. The company seeks Pharmacy dealers, manufacturers, and distributors to become a part of the Pharma Franchise in Chandigarh. With this initiative, the company aims to open doors for other pharma startups to help them achieve substantial growth with a remarkable profit margin. Its key focus area is Allopathic PCD Pharma Franchise across India. The company also targets Baddi as its main location with the PCD Pharma Franchise in Baddi (Himachal Pradesh). Apart from these two locations, it is also looking for companies for District wise PCD Franchise in other states such as - Andhra Pradesh, Assam, Bihar, Bangalore, Chhattisgarh, Goa, Odisha, Gujarat, Rajasthan, Tamil Nadu, Kerela, Uttar Pradesh, Maharashtra, Madhya Pradesh, Tripura, Uttarakhand among many others.

Contract Manufacturing

Innovexia Life Sciences also takes up the manufacturing process of other companies. The company does its business with full transparency without any hidden costs. It also claims that its manufacturing units are well-equipped with the latest technology and machines to make sure that they deliver maximum output in a given time frame. Furthermore, the company also takes care of the packaging of its drugs. It uses quality packaging techniques so that the drugs are free from any damage. All in all, Innovexia Life Sciences focuses on every bit of the manufacturing process.

Innovexia generates its maximum revenue through the three services it offers. To be precise, the company gains through its contract manufacturing process as it is a market leader in the domestic contract manufacturing sector in the pharmaceutical industry.

Innovexia Life Sciences Pvt. Ltd. - Award & Achievement

Innovexia Life Sciences has won the following awards:

  • Innovexia Life Sciences has won the India 5000 Best MSME Award For Quality Excellence - 2020.
  • Innovexia Life Sciences received the IndiaMart TrustSeal certificate in 2013
  • Innovexia has been certified by ISO 9001: 2015 for Quality Management System
  • Innovexia Life Sciences was recognized by Indiamart for the 'Leaders of Tomorrow Award.

Innovexia Life Sciences Pvt. Ltd. - Competitors

The list of top competitors of Innovexia Life Sciences are:

  1. Dr. Reddy's Laboratories
  2. Sun Pharmaceuticals Pvt. Ltd.
  3. Cipla Limited
  4. Torrent Pharma
  5. Lupin Ltd.
  6. Aurobindo Pharma Ltd.
  7. Glenmark Pharma Ltd.
  8. Abbott India
  9. Zydus Lifesciences Ltd.
  10. Biophar Lifesciences Pvt. Ltd.
  11. Gland Pharma Ltd.
  12. Ajanta Pharma

Innovexia Life Sciences Pvt. Ltd. - Future Plans

Innovexia Life Sciences is actively looking for pharma partners in other states besides Chandigarh and Baddi to expand its PCD Pharma Franchise Business. The company is always striving to improve the quality of its pharma products to enhance patient's life with its innovative and effective products.

FAQs

Who is the CEO of Innovexia Life Sciences?

Sandeep Khajuria is the CEO of Innovexia Life Sciences.

Where is Innovexia Life Sciences based?

Innovexia Life Sciences is based in Chandigarh.

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