Bliss GVS Pharma

Last updated

Bliss GVS Pharma Limited
Company type Public
BSE:  506197
NSE:  BLISSGVS
Industry Pharmaceuticals
Founded1984
Headquarters Mumbai, India
Area served
Worldwide
Key people
Mr. S. N. Kamath (Managing Director)
Products[Pharmaceuticals]
RevenueIncrease2.svg₹8,069.5 million (US$94 million) (2017-18) [1]
Increase2.svg₹886.7 million (US$10 million) (2017-18) [1]
Total assets Increase2.svg₹8,600.3 million (US$100 million) (2017-18) [1]
Total equity Increase2.svg₹5,362.4 million (US$63 million) (2017-18) [1]
Number of employees
666 [1]
Website www.blissgvs.com

Bliss GVS Pharma Limited is an Indian pharmaceutical company headquartered in Mumbai, India. Bliss GVS primarily develops, manufactures and markets products across various therapeutic categories including Anti-fungal, Contraceptive, Laxative, Anti-haemorrhoidal, Anti-spasmodic, Anti-malarial, Anti-biotic, Anti-microbial, Anti-inflammatory, Antipyretic, Analgesic and several others. [2] [3] [4]

Contents

As of 31 March 2018, its market capitalization is INR 19.20 billion (US$295 m). [1]

History

On 11 December 1984; Bliss GVS was incorporated as Bliss Chemicals and Pharmaceuticals India Limited. During its inception Bliss GVS Pharma operated as a public limited company. [5] In 1986, a vaginal contraceptive under the brand name "Today" was launched by the company which gradually rose to prominence in the Indian as well as the global market. [5]

On 9 May 2006, under the tenure of Mr. S.N. Kamath as the managing director, the board of directors approved the takeover of "Bliss Chemicals and Pharmaceuticals India Limited" by GVS Lab, causing a change of company's name to its current name "Bliss GVS Pharma Ltd." [5]

In the year 2007, along with the existing suppository manufacturing units, Bliss GVS commissioned for manufacturing units for Dry Syrups and Tablets. [5] The company marked its presence in the Middle-East pharmaceutical market through a strategic joint venture in the year 2012. [6] The Pessaries and Suppositories unit of Bliss GVS received EU GMP approval in the year 2011. [7]

The company marked its foray into the dermatology industry with its acquisition of a semi-solid manufacturing unit in 2012. Within the same year, the product range of Bliss GVS expanded with the setting up of Dry Powder manufacturing units for injections, along with other manufacturing units for Nasal Spray, Ampules and Eye/Ear/Nose Drops. [5] [8] [9]

In 2013, the R&D centre of Bliss GVS expanded to receive DSIR approval. [8]

The company opened its representative office in Philippines in the year 2014. [8] [10]

Operations

Bliss GVS has 5 manufacturing units and has presence in more than 60 countries. [9] Exports accounted for the majority of its revenues. [1] The manufacturing plants of Bliss GVS comply with the international standard on both local as well as the Global scale as per the cGMP norms. [11]

Products and services

Among the African markets, Bliss GVS is touted as the segment leader for its range of Anti- Malarial products. Several of the brands owned by the company cover extensive range of combined formulations of Artemisinin. These Artemisinin formulations are provided through various dosage ranges including Suppositories and Injections, Tablets, Sachets and Suspensions. [10] [12]

Awards and recognition

For its performance in the exports sector, Bliss GVS received an award from the Indian Government in May 2014 for outstanding exports performance for the FY 2012–13. [12]

In December 2013, Bliss GVS was listed in Moneylife magazine's ‘Wealth Creators 2004-2013' list, an annual study of companies that have created the maximum wealth for investors over the past 10 years. [10] [11] [13]

In September 2011, Bliss GVS was awarded for its Outstanding Efforts in Research and Development by Government of India. [14]

In September 2010, Forbes included Bliss GVS in Asia's 200 Best under a billion. [15]

See also

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References

  1. 1 2 3 4 5 6 7 "Quarterly report 2017-18". Bliss GVS.
  2. ↑ "The Brand Manufacturing of Bliss GVS Labs". Archived from the original on 3 September 2014.
  3. ↑ "Uninterested but worth a look". Archived from the original on 3 September 2014. Retrieved 3 September 2014.
  4. ↑ "The products manufactured and marketed by Bliss GVS".
  5. 1 2 3 4 5 "Money Control".
  6. ↑ "NSE India and Bliss GVS" (PDF).
  7. ↑ "Manufacturing Locations of Bliss GVS".
  8. 1 2 3 "Timeline History of Bliss GVS".
  9. 1 2 "Bliss GVS Pharma buys 70% stake in Skincare Products".[ permanent dead link ]
  10. 1 2 3 "Bliss GVS Chairman's Speech - Economic Times".
  11. 1 2 "The Latest Trending News about Bliss GVS". Archived from the original on 3 September 2014. Retrieved 3 September 2014.
  12. 1 2 "Brand Manufacturing of Bliss GVS Labs - Economic Times". Archived from the original on 3 September 2014.
  13. ↑ "Wealth Creators 2004-2013: Which Indian companies have generated the maximum wealth?". Archived from the original on 3 September 2014. Retrieved 3 September 2014.
  14. ↑ "Bliss GVS Pharma Updates".
  15. ↑ "Asia's 200 Best Under A Billion". Forbes .
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