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We look forward to growth of more than 30%

04 SEPT, 2018

NFS Correspondent
ashok goyal

At the recently held 4th National Symposium titled ‘Nutraceuticals: Functional Foods, Dietary Supplements and Natural Medicines’, organized by ASSOCHAM, Tirupati Group- Nutraceutical division  received the Best Nutraceuticals Manufacturing Company award. With deep routed knowledge from manufacturing and marketing of Pharmaceuticals, Nutraceutical and Ayurveda products, Ashok Goyal, Director, Tirupati group is moving on a fast track and achieving the targeted growth of the company gradually. NuFFooDS Spectrum interacted with Ashok Goyal to get more insights about the company and the plans ahead. Edited Excerpts-

 

Please share some details about Tirupati Group and its business verticals.

 

Tirupati group started its manufacturing operations a decade back in 2005, from a small town in HP, Paonta sahib and then went on to add more and more units in 2007, 2010, 2014 and 2017 with names Tirupati Medicare Ltd, Tirupati Lifesciences, Tirupati Ayurveda and Tirupati wellness LLP respectively.

Tirupati has namely six verticals Nutraceuticals, Ayurveda, Pharmaceuticals, Sports nutrition, Oxxum and Research. Tirupati is just not a contract manufacturing company but provide end to end solutions from research to final commercial launch and has its presence in B2C segments through its own brand Proburst in sports nutrition and Oxxum in pharma.

The company has a turnover of Rs 500 crores and 69 per cent of which comes from the Nutraceuticals vertical.

Tirupati Research and Development Centre (TRDC) was established in 2014. The research Centre has been certified by DSIR (Department of Science Industrial Research, New Delhi, India). The Research Centre is equipped with sophisticated equipment and Research Team. The team has developed approximately 200 products and follows regulatory compliances of FSSAI and FDA. Our R&D strategy is to continue reinforcing therapeutic and other areas where we are already strong, while exploring and expanding across newer areas that we believe are set for innovation. Quality has been the cornerstone for Tirupati Group as it has always endeavoured to deliver services with a mark of excellence. We are equipped with a highly accomplished R&D facility managed by knowledgeable and dedicated scientists; assuring product quality assessment during product shelf life. Tirupati group has total 2350 total no. of employees and is presently serving more than 270 clients. The company has more than 1400 SKU (Stock Keeping Unit) in offering.

 

Which are the key products being manufactured under the Nutraceuticals category at Tirupati Group –Nutraceutical division?

 

Tirupati group –Nutraceutical Division has two units i.e. Tirupati Lifesciences and Tirupati Wellness and both these units cover product categories- Nutraceuticals, Health Supplements, FSDU (Food For Special Dietary Use), FSMP (Food for Special Medical Purposes), Functional Foods, Sport Nutrition’s, Prebiotics, Probiotics and Proprietary Food Products. The products are manufactured in diverse dosage land forms like powder, tablets, capsules, granules & Liquid, Oils and Ointments. It covers complete range of vitamins, minerals, amino acids and caters to wide spectrum of customers ranging from MNCs to large domestic manufacturers.

 

What are the current trends industry is capitalizing upon for growth in the Nutraceuticals sector?

 

India is witness to a spate of changes in lifestyles and rise in lifestyle diseases like Diabetes, blood pressure, obesity, cardio-vascular problems among others, which has increased the demand for supplements among the upper and middle class.

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