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Pharmaceuticals
Deals13 Jul 2024, 10:24 pm

Veerhealth Care Secures $106,673 Export Order from Top US Institutional Supplier

AI Summary

Veerhealth Care Limited, a leading manufacturer of oral care & personal care products, has executed & delivered an export order valued at US$ 50,000 and another worth $ 197,793. The company has now received an additional export order worth $ 106,673 from the same top US institutional supplier. The company is also expecting monthly repeat orders and is renovating its existing plant in Vapi, Gujarat to set up a bigger, US FDA & WHO compliant plant. In February 2024, the company announced ambitious expansion plans with a proposed investment of ₹ 33 Crores. In FY24, the company reported Total Revenue of ₹ 14.61 Crores and Profit before tax of ₹ 1.28 Crores. The company is expecting to reach Revenue of ₹ 100 crores with PAT of 10% in the next 2 to 3 years.

Key Highlights

  • Veerhealth Care secures significant export order worth $106,673 from top US institutional supplier
  • Company has executed & delivered export orders valued at US$ 50,000 and $ 197,793
  • Expecting monthly repeat orders from the same Top US Institutional Supplier
  • Renovating existing plant in Vapi, Gujarat to set up a bigger, US FDA & WHO compliant plant
  • Company announced ambitious expansion plans with a proposed investment of ₹ 33 Crores in February 2024
VEERHEALTH
Pharmaceuticals
Veerhealth Care Limited

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