Encube Ethicals Pvt. Ltd. Asset Profile

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Year established

1998

Location

Mumbai India

Primary Industry

Pharmaceuticals

About

Based in Mumbai, India, and founded in 1998 by Mehul Shah, Encube Ethicals Pvt. Ltd. operates as a contract development and manufacturing organization for topical semisolid formulations. The company was founded by its Managing Director Mehul Shah. In June 2021, Quadria Capital Investment Management acquired a 15% stake in Encube Ethicals which values the company at USD 800 million. The firm also operates in the US that focuses on topical generics with 150 scientists in research and development and runs a topical manufacturing facility in Goa. Encube Ethicals manufactures topical semisolid formulations such as ointment and creams for topical treatments. The firm also focuses on the development of topical dermatological and cosmeceuticals products. Its client base includes Galderma, Alembic Pharmaceuticals Ltd, Dr. Reddy's Laboratories, and Bayer The company plans to use its partnership with Quadria to execute a robust expansion and growth strategy to become a leader in topical drugs globally.

Current Investors

Quadria Capital Investment Management, Gulf Islamic Investments

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Primary Industry

Pharmaceuticals

Sub Industries

Pharmaceutical Research & Development

Website

www.encubeethicals.com

Verticals

Manufacturing

Company Stage

Mature

Total Amount Raised

Subscriber access only

Timeline of Key Events

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Deals

Deals Type
Secondary Buyout
Growth

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Encube Ethicals Pvt. Ltd.	28 Jun 2021
Completed	Encube Ethicals Pvt. Ltd.	01 Sep 2016

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