The company is also planning to recruit 500 people in the year 2010 to meet the requirement.
The company manufactures a wide range of Active Pharmaceutical Ingredients (APIs) at its facilities located in Hyderabad and Vishakhapatnam.
MLL’s Nashik facility is spread over 49,701 sq mtrs area, with a built-up area of 28,431 sq mtrs. This plant has a capacity of 4 billion units of dosage formulations a year.
“We have already expanded the capacity of Nashik plant upto 4 billion units of dosage formulations a year and invested Rs. 200 crore so far in the plant. We are also planning to increase the capacity of this plant upto 6 billion units by the end of the next FY 2010-11, with an investment of Rs.40-50 crore,” S Srinivasan, CEO & Managing Director, Matrix Laboratories Ltd (MLL), told Business Standard.
When asked him what growth the company sees in the current FY 2009-10, he avoided to divulge any financial details, saying, “the business is on a good track and company is doing quite well.”
In FY 2008-09, the company registered a turn over of Rs. 2,000 crore.