Prochem joins hands with Tapasya

Prochem’s Pharma Division has merged with Tapasya, a proven expert in granulation and a single-stop solution provider of solid formulations to pharma, nutra and food industries. This will help the companies leverage their combined expertise, manufacturing strengths and market knowledge, and further strengthen Prochem’s efforts in its quest to offer innovative and customised solutions to enterprises across verticals from Active Pharma Ingredients (APIs) to formulations in various geographies and many industries like speciality chemicals, agro chemicals, nutraceuticals, etc.

The new business entity, Prochem Tapasya, will add value to create a one-stop solution for pharma and allied industries. The value proposition for customers will be in terms of project execution at a faster pace, and, hence, better Return on Investment (RoI). The alliance will also add value in terms of quality and cost optimisation.

“…..As a leader in granulation, Tapasya has its own distinct strengths in the pharma and FMCG industries, and its RMG specially the Sizoner is the highest sold machine in the global market and widely used across industries. Together, we will be able to offer our clients across verticals, innovative solutions that deliver better performance and reliability going forward. We can grow to become stronger and have a better impact, a reflection of the ‘Make in India’ vision we have been pursuing,” said Shashi Rai, Director, Prochem.

Together, the new business entity Prochem Tapasya is poised to revolutionise the pharma industry from API to formulations through innovative product offerings. The merger to form a new entity Prochem Tapasya, comes at a time when the Indian pharma industry is growing at a rapid clip. The domestic Pharma market is projected to touch $65 billion by 2024 and $120-130 billion by 2030, offering tremendous growth potential for this joint venture.

“I envision Prochem’s merger with Tapasya’s as one with a far-reaching impact. We now have the expertise and bandwidth to address businesses across verticals with solutions in powder handling and granulation. With India consolidating its leadership in pharma and several other domestic markets growing rapidly, the demand for innovative solutions is only going to increase. Together, we will be best placed to leverage this opportunity,” said Nitesh Srivastav, Business Head, Prochem.