Sterling Biotech () is a

pharmaceutical A medication (also called medicament, medicine, pharmaceutical drug, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy (pharmacotherapy) is an important part of the medical field and re ...

company incorporated in 23rd March, 1985 as Pluto Exports & Consultants Limited in

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

Maharashtra Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union te ...

. The company continues its operation as a producer of

and Neutraceutical Gelatin in India and Asia. SBL (“Sterling Biotech Limited”) is also engaged in the production of Dicalcium Phosphate (DCP) which is a derivative of

Gelatin Gelatin or gelatine (from la, gelatus meaning "stiff" or "frozen") is a translucent, colorless, flavorless food ingredient, commonly derived from collagen taken from animal body parts. It is brittle when dry and rubbery when moist. It may also ...

Manufacturing Process especially for the poultry-feed and fertiliser industry in

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

History

Sterling Biotech Limited (SBL) started its operation in 23rd March,1985 in

as 'Pluto Exports & Consultants Limited'. It obtained its Certificate of Commencement of Business in the same year on 19th April. Pluto exports & Consultants Limited started as a trading company, thereafter changed its focus multiple times to reach a conclusion to continue as a pharmaceutical company. 24th June, 1991, the company changed its name to Sterling Tea and Industries Limited. Again, the management changed their focus to Gelatin production as they saw few opportunities in that sector. On March 29th, 1995, As a decision of the board of management and a part of growth strategy, the company renamed itself as Sterling Biotech Limited(SBL). In 1995, SBL announced a technical collaboration with UK based Croda Colloids Limited. In 1997, SBL diversified into

grade

and came up with their first production facility at Karakhadi,

Vadodara Vadodara (), also known as Baroda, is the second largest city in the Indian state of Gujarat. It serves as the administrative headquarters of the Vadodara district and is situated on the banks of the Vishwamitri River, from the state capital ...

with an initial installed capacity of 2200 MT. By the end of July, 2000, the company expanded to 4000MT pa capacity and decided to exit from the Tea business completely due to slow growth and high level of competitions. In 2003, SBL started export of

and changed its symbol from 'STERLINTEA' to ''. In 2004, SBL acquired Gelatine business of 'Rallis India Limited' for Rs. 47 crores. As of 2007, SBL commissioned its plant for the manufacturing of Co Enzyme Q1O (Co Q10) at its Masar plant in

Gujarat Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...

. Masar Plant facility is an export oriented unit. As at March 2007, Sterling Biotech commissioned its plant for the manufacture of Co Enzyme Q1O (Co Q10) at its Masar plant in Vadodara. With effect from 30th March, 2007, 'Titanic Investment and Consultants' holds 1,276,000 equity shares (representing 0.56% equity capital of the Company). They are also the promoters group of the company.

Corporate Governance

SBL is managed by a team of board of directors. CMD Nitin Sandesara and his father J.C. Sandesara, nurtured the company since its inception in 1985. Other members of the Board of Directors team includes- * Nitin Sandesara - Chairman and Managing Director * Chetan Sandesara - Joint Managing Director * Vilas D Joshi – Director * P. B. Mehta – Director * Mayuri Patel – Director * R. B. Dixit – Director The Team of Board of Directors are managed by several Committees formed by the group company to streamline decision making within the group- The committee are- * Audit committee * Nomination & remuneration committee * Stakeholders’ relationship committee * Corporate social responsibility committee

Products

SBL have an API and Formulations manufacturing unit that manufactures their products in-house. As per sources , SBL manufactures and sells Gelatin, Di calcium Phosphate and other Pharma products as compliant to Pharma grade. The company is known to offer Pharma products used for treatment of cancer and for various cardiovascular diseases. Some of them are as follows-

Oncology

* DOXORubicin and IDARUBICIN (Drugs used for chemotherapy). * Daunorubicin (used in the treatment of acute lymphocytic and myelocyticleukemias). *

IMATINIB Imatinib, sold under the brand names Gleevec and Glivec (both marketed worldwide by Novartis) among others, is an oral chemotherapy medication used to treat cancer. Imatinib is a small molecule inhibitor targeting multiple receptor tyrosine kin ...

, (Used in the treatment of various type of cancers. * EPIRubicin, (An anthracycline drug used in chemotherapy).

Cardiovascular

* Lovastatin, (An agent used for lowering cholesterol) * DACARBAZINE (used in the treatment of Hodgkin disease and malignant melanoma) * Temozolamide, (Used in grade IV astrocytoma, It is an oral alkylating agent) *

Simvastatin Simvastatin, sold under the brand name Zocor among others, is a statin, a type of lipid-lowering medication. It is used along with exercise, diet, and weight loss to decrease elevated lipid levels. It is also used to decrease the risk of heart ...

, (Used in reducing high risk heart problems. It’s a lipid lowering agent) * ZOLEDRONIC ACID, (A generic product with synthetic active pharmaceutical ingredients) SBL also manufactures

mainly used for making Capsule caps

Achievements

The company is the sixth largest producer of Gelatin in

References

{{Reflist

External Links

Official Website

Bloomberg Profile
Indian companies established in 1985 Conglomerate companies of India Petrochemical companies of India Chemical companies of India Multinational companies headquartered in India