Other performance and liquidity ratios are available here.ĭescription: Serum Institute of India Pvt. At the same time, it's book networth has increased by 21.81 %.
It's EBITDA has increased by 53.49 % over the previous year. Serum Institute Of India's operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2021. It's authorized share capital is INR 55.00 cr and the total paid-up capital is INR 4.82 cr. It is classified as a private limited company and is located in Pune, Maharashtra. Serum Institute Of India Private Limited is an unlisted private company incorporated on 22 May, 1984. The Pune campus, whose grounds boast horse-shaped topiaries in a playful nod to the firm's origins, is home to several buildings where vaccines are manufactured and scrutinised for quality before being deposited into sterilised vials and stored for delivery.įrom Brazil to South Africa, there is no shortage of customers, with governments clamouring to buy Covishield.OVERVIEW - SERUM INSTITUTE OF INDIA PRIVATE LIMITED As a result, when the coronavirus pandemic began to sweep across the world, the company, which recorded annual revenues of over $800 million in 2019-20 and is debt-free, was in pole position to reap the rewards. The Serum Institute soon became a market leader thanks to its cheap and effective drugs, which were eagerly sought after by price-conscious governments and consumers, prompting the company to expand at a dizzying rate.Īdar Poonawalla, its 40-year-old CEO, has spent nearly a billion dollars in recent years enlarging and improving the sprawling Pune campus. The Serum Institute also plans to supply 200 million doses to Covax, a World Health Organization-backed effort to procure and distribute inoculations to poor countries Its journey kicked off on a stud farm, where the firm's owners, the Poonawalla family, began breeding horses in 1946, before a conversation with a vet sparked the realisation that anti-toxin serum extracted from the animals could be used to make vaccines. It is also significantly cheaper than the vaccines developed by Pfizer or the US firm Moderna, making it better suited for countries with poorer populations and rusty infrastructure.Įven before the pandemic, the Indian firm was a world leader in vaccines, producing 1.5 billion doses a year and inoculating two out of three children in 170 countries against diseases such as polio, mumps, meningitis and measles. Unlike the rival Pfizer-BioNTech vaccine, Covishield can be stored and transported using standard refrigeration. The firm, founded in 1966 in Pune, is producing millions of doses of the Covishield vaccine, developed by AstraZeneca and Oxford University, for India and much of the developing world. The tiny clinking vials supervised by silent PPE-wearing technicians belie the excitement inside the world's largest vaccine manufacturer, the Serum Institute of India, a major player in the fight against coronavirus. Covishield can be stored and transported using standard refrigeration.It has partnerd with AstraZeneca and Oxford University for Covid vaccine.Serum Institute of India was founded in 1966 in Pune.
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