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Business Standard
3 days ago
- Business
- Business Standard
Sigachi Industries Achieves 46% EBITDA Growth and 25% Revenue Surge in FY25, Strengthens Market Leadership
VMPL Hyderabad (Telangana) [India], June 2: Sigachi Industries Ltd. (Sigachi), India's largest manufacturer of microcrystalline cellulose (MCC), has demonstrated robust financial performance in FY25 while setting the stage for aggressive future growth. With a strong EBITDA growth of 46.21% YoY to Rs1,120 million and a revenue surge of 25.42% to Rs5,003 million, Sigachi is positioning itself for a 25% CAGR through FY28, driven by capacity expansions, market diversification, and API development. Commenting on the company's performance in FY25 and its projected trajectory, Mr. Amit Raj Sinha, MD & CEO, Sigachi Industries stated: "FY25 has been a transformative year for Sigachi, marked by robust financial outcomes and strategic expansions across excipients and APIs. With our Hyderabad API R & D centre going live in Q1 FY26, regulatory approvals flowing in, and global market penetration deepening, we are positioned for sustainable high-margin growth. Our 36-year legacy and diversified portfolio give us an unmatched advantage to scale operations globally while safeguarding profitability." Sigachi has created a strategic growth roadmap through to FY 2028 revolving around: * API Expansion: With the integration of Trimax Biosciences, the company is scaling its advanced intermediate and API portfolio. Plans include filing six additional European CEP dossiers, expanding regulatory approvals, and ramping up capacity utilisation. * Market Diversification: Sigachi is expanding its footprint beyond India, the U.S., and Europe by aggressively entering Latin America, Southeast Asia, and the Middle East through new distribution partnerships and turnkey O & M contracts. * Excipient Capacity Growth: Newly commissioned MCC in Jhagadia and Dahej and CCS project expansions will unlock an additional 8,800 MTPA, fuelling year-over-year revenue gains of 20%-30% in excipients. Additionally, new product launches in Pharma Coatings are expected to be the new growth drivers over the next two years * Operational Efficiencies: Digital analytics, lean processing, and energy efficiency initiatives are expected to trim operating costs by 100-150 basis points annually, preserving EBITDA margins while mitigating raw-material volatility. * O & M Services Expansion: The company is scaling its outsourced plant-management contracts, which already contribute 10% of revenues, with a particular focus on Middle East expansion. Sigachi offers over 82 high-purity excipients--ranging from various grades of MCC to advanced co-processed blends, and Pharma Coatings, addressing Pharmaceutical, Nutraceutical, and Specialty chemical needs. The company enjoys fruitful and long-lasting commercial relationships with over 500 customers in more than 65 countries. With a clear roadmap and strong execution capabilities, the company remains committed to delivering sustained financial performance and market leadership in the years ahead. About Sigachi Industries Ltd Founded in 1989, Sigachi Industries Limited is a global player in the pharmaceutical industry dedicated to pioneering advancements in Active Pharmaceutical Ingredients (APIs), Intermediates, Excipients, vitamin-mineral blends, and Operations and Management (O & M) services. The company's diverse product portfolio is manufactured in 5 multilocational facilities, viz. Telangana, Gujarat, and Karnataka. Aligned with its ethos of customer centricity, Sigachi established subsidiaries in UAE and USA to be closer to its clients and improve responsiveness. With a strong focus on innovation, quality, and regulatory compliance, we leverage cutting-edge technology and global expertise to develop high-value pharma, food and nutrition solutions that enhance healthcare outcomes. Committed to excellence, we continuously invest in Research and Development, ensuring the highest standards of quality and safety. With 36 years of industry experience, Sigachi is a trusted partner for pharmaceutical and nutraceutical companies spread across 65+ countries. Sigachi collaborates with healthcare partners, regulatory bodies, and global stakeholders to expand access to reliable, high-quality pharmaceutical ingredients. Sigachi ranks among the world's largest and most reputed suppliers for microcrystalline cellulose (MCC). Chaitanya Rapol Senior Manager - Marketing, Branding and Communications Sigachi Industries Limited Email: Forward-Looking Statements This document contains forward-looking statements related to Sigachi Industries' future growth prospects, business strategy, operational plans, and financial performance. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Factors such as regulatory changes, market conditions, supply chain dynamics, and global economic shifts may impact outcomes. Sigachi disclaims any obligation to update these statements, except as required by applicable law. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
The Star
10-05-2025
- Business
- The Star
Low wages impact women more
THE gap between the minimum wage and the actual cost of living is more pronounced among women workers due to the existing gender pay gap. And as there are more women employed as unskilled labour, such as cleaners and helpers – who make up most of the minimum wage earners segment – the living wage remains a further reach from their existing minimum wage, says Gopalan K. Papachan, the executive director of Empower, a non-governmental organisation working on women's rights and equality. 'Their security of employment is also quite low. At the same time, they will be at the lower end of the heap due to, among others, gender stereotyping practices (such as physical strength pre-requisites) that discourage them from taking up vocations that pay more,' says Gopalan. In February, the minimum wage was revised to RM1,700 a month from RM1,500. However, this wage still falls short of workers' actual needs, especially for single mothers. It remains well below Bank Negara's 2018 recommendation of a living wage of RM6,500 for a family with children living in an urban area, specifically Kuala Lumpur. CLICK TO ENLARGE The gap is also evident in the Employees Provident Fund's Belanjawanku 2024/2025 guide – for example, the estimated budget for a single parent with one child in the Klang Valley (with the highest cost of living estimate) is RM5,120 while in Alor Setar (the lowest) it's about RM3,970 to cover basic expenses like rent, transport and food. Gopalan points to the Depart-ment of Statistics' median monthly salary for women in the formal sector which was RM2,700 in June 2024 and RM3,000 in December 2024. 'That means half of all salaried women in Malaysia get no more than this. This is barely a living wage,' he says, adding that almost all of those engaged in housework or family duties – about three million – are also women, whose unpaid contributions remain invisible in our political and economic systems. Citing the May Day Declaration of Malaysian workers issued by the civil societies on May 1, Gopalan urges the government to increase the minimum wage to at least RM2,000 and introduce a universal basic income of RM1,000. Earlier this year, Women, Family and Community Development Minister Datuk Seri Nancy Shukri said tackling wage issues requires a multipronged approach by various stakeholders. She was commenting on the '2023 Graduate Statistics Report' by the Department of Statistics Malaysia, which found female graduates on average earn RM900 less than their male counterparts despite having equivalent academic qualifications. CLICK TO ENLARGE To illustrate the grinding increase of wages, Khazanah Research Institute research associate Shazrul Ariff Suhaimi says the key economic and structural factors contributing to the general wage gap and the actual cost of living are primarily due to the slow growth of wages for the labour force. 'When we examined the wage distribution between 2010 and 2019, we found that for the bottom 50% of workers, there was an average annual increase of only RM56 per worker in real terms.' Gopalan says perceptions of the types of jobs that should only be dominated by one gender persist. 'I mean you don't see a woman working as a plumber or a carpenter. This is all skilled work that can extract good value and a good source of income for women as they do for men. 'There are also other jobs such as electricians, welders and riggers. Women can do them all, especially with the aid of technology. It's not about masculinity and masculine strength. It's about working in teams and doing work that leverages on technology.' Other than just looking into the wage system, the government should also be deliberate in setting up women to participate more and remain in STEM (science, technology, engineering and mathematics) fields, Gopalan adds. 'There are a lot of women university graduates that, due to the patriarchal setup in this country, choose to get married and leave the workforce. 'There's a net benefit for women to participate at all levels in every vocation in this country. We are not giving them that fair level of income.'
India Gazette
09-05-2025
- Business
- India Gazette
"One Ticket for All Public Transport Systems": CM Fadnavis at Mumbai Metro Line 3 Launch
Mumbai (Maharashtra) [India], May 9 (ANI): Maharashtra Chief Minister Devendra Fadnavis inaugurated the second phase of Mumbai Metro Line 3 on Friday and said that they are planning to implement one ticket for all public transport systems. The new section, stretching 9.77 km, was inaugurated today at Bandra Kurla Complex in Mumbai. The CM said, 'We are planning to implement one ticket for all public transport system. This multimodal ticketing will not only be for Mumbai but for the whole MMR region.' Fadnavis also announced that the final phase, which runs from Worli to Cuff Parade, would be opened by August, completing the entire Metro 3 route from Cuff Parade to SEEPZ. He shared the government's ambitious plans for integrated public transport in the Mumbai Metropolitan Region. Mumbai Metro Line 3 will cover a 9-km stretch between Bandra Kurla Complex (BKC) and Acharya Atre Chowk and run under the Mithi River's water. The first phase of Mumbai Metro Line 3, from Aarey to BKC, was inaugurated in October 2024. After inaugurating the service, Chief Minister Devendra Fadnavis took a ride from BKC to Siddhivinayak Station. He said, 'Mumbai Metro Line 3, Phase 2A is not just infrastructure. It is the backbone of a future-ready Mumbai. This is India's largest underground metro route with 26 state-of-the-art stations and multiple connectivity points.' Earlier, Prime Minister Shri Narendra Modi inaugurated this crucial infrastructure project, marking a new era of connectivity for India's financial capital. The first phase of the Rs14,120 crore Metro Line-3 connects Bandra Kurla Complex (BKC) to Aarey, spanning the JVLR section. As Mumbai's first underground metro, the Aqua Line will revolutionise travel in the city. It will feature 10 new stations, including key transit hubs such as T2 and Santacruz, thereby easing congestion and reducing travel times. The full 33.5 km route of the Aqua Line connects Aarey to Cuffe Parade, incorporating 27 stations along its path. The recently launched first phase spans 12.5 km between Aarey and BKC, offering an important boost to the city's transport network. Moreover, this metro line will integrate with Mumbai Metro Line 1 at Marol Naka, offering improved connectivity across Mumbai's key regions. Officials stated that the Prime Minister would also launch the final phase of the project soon. Authorities said that despite several logistical and structural challenges during construction, the project successfully moved into its final phase. The 26-station metro line was a landmark example of modern underground engineering. Deputy Chief Minister Eknath Shinde, senior government officials, and project engineers attended the ceremony. At the launch event, the CM inspected a scaled replica of the metro train. (ANI)
Hindustan Times
01-05-2025
- Entertainment
- Hindustan Times
HT City Delhi Junction: Catch It Live on 1 May 2025
A post shared by LIFAFA (@lifafa) What: Danza In The City Vol 120 ft Lifafa Where: Thanks & Beyond, Epicuria, Nehru Place When: May 1 Timing: 8pm Entry: Nearest Metro Station: Nehru Place (Violet Line) A post shared by Manas Babu (@manasbabu_dance_photographer) What: Jayadev Utsav 2025 | Sangita Panda (Vocal), Kavita Dwibedi (Odissi), Chitra Sukumaran (Mohiniyattam) & Sangita Chatterjee (Kathak) Where: The Stein Auditorium, India Habitat Centre, Lodhi Road When: May 1 Timing: 7pm Entry: Free Nearest Metro Station: JLN Stadium (Violet Line) What: Blood on the Crown Where: CD Deshmukh Auditorium, India International Centre, Lodhi Road When: May 1 Timing: 6pm Entry: Free Nearest Metro Station: Jor Bagh (Yellow Line) What: Guddu Natwarlal Where: Akshara Theatre, 11-B, Baba Kharag Singh Marg When: May 1 Timing: 5pm & 7pm Entry: Nearest Metro Station: Patel Chowk (Yellow Line) A post shared by Argha Arts (@arghart15) What: The Rebel Brush: The Soul of India Where: Convention Centre Foyer, India Habitat Centre, Lodhi Road When: April 29 to May 3 Timing: 9am to 8pm Entry: Free Nearest Station Metro: JLN Stadium (Violet Line) A post shared by Harsh Gujral (@realharshgujral) What: Jo Bolta Hai Wohi Hota Hai ft Harsh Gujral Where: Studio XO Bar, Trilium Avenue, Sector 29, Gurugram When: May 1 Timing: 9.30pm Entry: Nearest Metro Station: Millennium City Centre Gurugram (Yellow Line)
The Star
30-04-2025
- The Star
Two detained, over 56 tonnes of undocumented rice seized in Gurun
ALOR SETAR: The General Operations Force (GOF) has detained two men for transporting 56.53 tonnes of white rice worth RM226,120 without proper documentation in Gurun on Wednesday (April 30). In a statement, GOF Northern Brigade commander SAC Shahrum Hashim said the trailer driver and his assistant, both locals, have been taken into custody for further investigation, though initial urine tests returned negative results. The rice has since been handed over to the state Padi and Rice Regulatory Authority, with the case being investigated under Section 7(2) of the Control of Padi and Rice Act 1994. Shahrum stated that the force remains committed to curbing the illegal distribution of essential goods, including rice and urged the public to support enforcement efforts by reporting suspicious activity to the authorities. - Bernama
