: Syncom Healthcare Ltd., having state of art facilities spread over 125000 sq. ft.one of the largest in the state of Uttarakhand engaged in manufacture of Tablets, Capsules, Liquids, Protein Powder, Herbal products is undergoing major restructuring. 2 large groups are interested and are on the verge of acquiring the company which also includes a Gujarat based amongst top 10 pharma cos, with huge turnover which has won the race for acquiring.
The company has been struggling since last few years but earlier was very healthy and showed good results and also paid a dividend earlier.The company has Huge carry forward losses and MAT credit so negligible tax outgo in the future as it is restarting operations in full form.
The company has Government and Institutional supplies with over 150 Export registrations.
The company is currently doing and has undertaken contract manufacturing for various large pharma companies like Sun Pharma, Cipla, Wockhardt, Intas, Glenmark, Ajanta Pharma, Cadila Pharma, Cadila Healthcare, and many more. The facility is also being modified to manufacture sanitizers and disinfectants. The company has a wide network in the domestic and export market with a specialized focus on rural & tier 2 & 3 markets.