Latest news with #SameerHiremath
The Hindu
3 days ago
- Business
- The Hindu
Policy changes make India a global Pharma powerhouse says Hikal Vice Chairman and Managing Director Hiremath
'With the implementation of new policy frameworks, India's pharmaceutical contract manufacturing industry is emerging as a key player on the global stage,' said Sameer Hiremath, Vice Chairman and Managing Director, Hikal Ltd. Hikal Ltd. caters to pharmaceuticals, life sciences, biotechnology, agrochemicals, and specialty chemicals companies to deliver active ingredients, intermediates and R&D services. He said for many years, Indian drug manufacturers were seen as the affordable backups—ready to step in when global supply chains faltered but rarely trusted with high-stakes production. That narrative is now undergoing a rapid transformation. Multiple international initiatives—such as the U.S.'s BIOSECURE Act, Europe's move toward strategic autonomy, and Japan's re-evaluation of supply chain dependencies—have aligned with India's own pharmaceutical reforms, he said in a note. Together, they have propelled India from a secondary option to a central figure in pharma supply chains, he added. Mr. Hiremath said India's ₹15,000-crore PLI scheme for bulk drugs and a broader PLI for formulations have improved the economic attractiveness of Indian manufacturing. 'The government's support has aligned domestic conditions with global business expectations, from APIs to biologics,' he said. 'Together, these developments have unlocked massive potential. Grand View Research, projects India's CDMO market to grow to $21 billion by 2030—an 8% CAGR. Consulting firms like McKinsey believe that these strategic shifts could push India's pharma exports beyond $60 billion in the coming years from $28 billion currently,' he said. Stating that still challenges remain, he said the direction is clear. 'India still relies heavily on China for key inputs like fermentation-grade intermediates. Additionally, the BIOSECURE Act may drive up U.S. manufacturing costs, triggering resistance over pricing,' Mr. Hiremath said. 'Yet the larger trend is undeniable: Indian CDMOs are now front and centre. Innovators no longer call on them just in emergencies—they are co-creating from the start,' he added.
Business Standard
26-06-2025
- Business
- Business Standard
Hikal introduces Digital Infrastructure at 130 year old Zilla Parishad School in Alibaug
PRNewswire Alibaug (Maharashtra) [India], June 26: Hikal, a preferred long-term partner to global life sciences companies, has strengthened its commitment to rural education and sustainable development through a major community support initiative at the 130 year old Zilla Parishad Marathi School in Zirad, Alibaug. Undertaken in partnership with Utkarsh Global Foundation, this effort is part of Hikal's broader corporate social responsibility (CSR) programme, Srijan, which focuses on creating shared value across communities near its operational sites. In response, Hikal Limited transformed the 130 year school environment by providing 70 new wooden benches to replace broken furniture, eight LED smart TVs (43 inches) to facilitate digital and interactive learning, one projector with a screen for student skill-building exercises, and a multifunction printer to ease administrative and academic workflows. In addition, a shaded handwash area was constructed to improve hygiene standards, ensuring children can maintain cleanliness and comfort throughout the school day, regardless of weather conditions. These enhancements aim to create a more engaging and safe learning environment, encourage regular attendance, and promote better academic outcomes. "At Hikal, we've always believed that the success of a business must extend beyond balance sheets. Real value is created when growth is shared, when the communities around us move forward with us. That belief has guided us for decades and remains the essence of our CSR philosophy. This school, like so many others in rural India, has long carried the weight of potential, bright children, and committed teachers, but constrained by limited infrastructure. Today, we've taken a small but meaningful step towards unlocking that potential. It's a reflection of our enduring commitment to enabling inclusive growth and shaping a more equitable future," said Mr. Jai Hiremath - Executive Chairman, Hikal Limited. "At Hikal, we see education as the cornerstone of progress. Building on the strong foundation laid by our leadership, we are committed to creating lasting impact in the communities where we operate. Our efforts at Zirad reflect a forward-looking vision, bridging educational gaps through safe, inclusive, and digitally empowered learning environments. We believe such initiatives will empower the next generation to thrive, dream bigger, and shape a more resilient and prosperous future for all," said Mr. Sameer Hiremath, Vice Chairman & Managing Director, Hikal Limited. This initiative reflects Hikal's ongoing focus on sustainability and community development. Through its Srijan programme, the company actively collaborates with NGOs in areas such as secondary education, skill enhancement, employability, healthcare, sanitation, infrastructure development, environmental sustainability, and preservation of national heritage, art, and culture.
The Wire
26-06-2025
- Business
- The Wire
Hikal introduces Digital Infrastructure at 130 year old Zilla Parishad School in Alibaug
ALIBAUG, India, June 26, 2025 /PRNewswire/ -- Hikal, a preferred long-term partner to global life sciences companies, has strengthened its commitment to rural education and sustainable development through a major community support initiative at the 130 year old Zilla Parishad Marathi School in Zirad, Alibaug. Undertaken in partnership with Utkarsh Global Foundation, this effort is part of Hikal's broader corporate social responsibility (CSR) programme, Srijan, which focuses on creating shared value across communities near its operational sites. In response, Hikal Limited transformed the 130 year school environment by providing 70 new wooden benches to replace broken furniture, eight LED smart TVs (43 inches) to facilitate digital and interactive learning, one projector with a screen for student skill-building exercises, and a multifunction printer to ease administrative and academic workflows. In addition, a shaded handwash area was constructed to improve hygiene standards, ensuring children can maintain cleanliness and comfort throughout the school day, regardless of weather conditions. These enhancements aim to create a more engaging and safe learning environment, encourage regular attendance, and promote better academic outcomes. "At Hikal, we've always believed that the success of a business must extend beyond balance sheets. Real value is created when growth is shared, when the communities around us move forward with us. That belief has guided us for decades and remains the essence of our CSR philosophy. This school, like so many others in rural India, has long carried the weight of potential, bright children, and committed teachers, but constrained by limited infrastructure. Today, we've taken a small but meaningful step towards unlocking that potential. It's a reflection of our enduring commitment to enabling inclusive growth and shaping a more equitable future," said Mr. Jai Hiremath – Executive Chairman, Hikal Limited. "At Hikal, we see education as the cornerstone of progress. Building on the strong foundation laid by our leadership, we are committed to creating lasting impact in the communities where we operate. Our efforts at Zirad reflect a forward-looking vision, bridging educational gaps through safe, inclusive, and digitally empowered learning environments. We believe such initiatives will empower the next generation to thrive, dream bigger, and shape a more resilient and prosperous future for all," said Mr. Sameer Hiremath, Vice Chairman & Managing Director, Hikal Limited. This initiative reflects Hikal's ongoing focus on sustainability and community development. Through its Srijan programme, the company actively collaborates with NGOs in areas such as secondary education, skill enhancement, employability, healthcare, sanitation, infrastructure development, environmental sustainability, and preservation of national heritage, art, and culture. (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
Business Standard
14-05-2025
- Business
- Business Standard
Hikal spurts as Q4 PAT jumps 48% YoY to Rs 50 crore
Hikal jumped 3.65% to Rs 423.55 after the company's consolidated net profit rallied 48.08% to Rs 50.20 crore on 7.44% rise in revenue from operations to Rs 552.40 crore in Q4 FY25 over Q4 FY24. Profit before tax in Q4 FY25 stood at Rs 68.30 crore, up 44.39% from Rs 47.30 crore in Q4 FY24. Total expenses rose 3.70% YoY to Rs 484.60 crore during the quarter. Employee benefit expenses were at Rs 63.40 crore (down 0.62% YoY). The cost of material consumed stood at Rs 210.70 crore (up 15.01% YoY). On a full year basis, the companys net profit jumped 30.45% to Rs 90.80 crore on 4.21% rise in revenue from operations to Rs 1589.8 crore in FY25 over FY24. Meanwhile, the company considered and recommended the payment of final dividend for the financial year 2024-25 of Rs 0.80 per equity share. Further, the board considered and approved the redesignation of Sameer Hiremath as managing director as vice chairman & managing director. Hikal is engaged in the business of pharmaceuticals, crop protection, and specialty chemicals.
