What we do Borosil Scientific Ltd manufactures and trades scientific and industrial products, specializing in lab glassware, instrumentation, pharmaceutical packaging, and consumer glassware. |
Founded in 1,991 |
Market share Market leader in Indian laboratory glassware with 33% share; significant presence in pharma packaging and process systems. |
Problem solved Provides high-quality, reliable laboratory and scientific products solving needs for pharma, research, academic, and industrial sectors. |
Top clients or who we serve Serves pharma companies, research institutes, academia, chemical, agriculture, food, and beverage industries; B2B focus. |
Key management Mr. Kewal Kundanlal Handa (Chairman), Mr. Vinayak Madhukar Patankar (CEO & Whole-time Director). |
Our journey and innovations Founded 1991; transitioned to public in 2018; acquired Goel Scientific Glass Works in 2023; innovated patented LabQuest instruments; expanded manufacturing. |
Where we operate Primarily operates in India with exports to over 90 countries globally. |
Top products or what we offer Offers 4000+ products including laboratory glassware, LabQuest equipment, pharmaceutical vials and ampoules, process systems, and consumer glassware. |
Top brands LabQuest instruments (recognized for quality and innovation); Trusted borosilicate glassware brand with ISO and ISI certifications. |
Raw materials needed High-grade borosilicate glass, USP Type 1 glass for pharma packaging. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue driven by recurring sales in lab consumables and pharma packaging; also cyclical industrial orders in process systems. |
Our industry position Leading Indian manufacturer with strong brand equity in scientific glassware and growing presence in pharma packaging and process systems. |
Financial highlights FY2024-25 consolidated revenue Rs.438.5 Cr, net profit Rs.26.8 Cr, EBITDA margin ~14%, 10-14% CAGR target. |
Geographical revenue split Approximately Rs.374 Cr from India and Rs.65 Cr from international markets. |
Order book - |
Whats driving growth Growth driven by 'Make in India' push, pharma sector demand, exports expansion, and recent acquisitions. |
Our future plans Expand lab equipment and process systems capacity; new high-tech microscope slide facility operational; focus on innovation and exports. |
Our green promise Implemented solar rooftop, rainwater harvesting, waste recycling, with focus on safety and sustainable manufacturing. |
Our people and values Emphasizes integrity, customer focus, safety, respect, and accountability; promotes diversity and employee wellness. |
Key challenges ahead Managing operational expansion costs, competition, regulatory compliance, and raw material price volatility. |
Interesting facts 3 out of 4 lab glassware products in India bear Borosil name; patented calibration and dispenser products; NABL accredited labs. |
Risks and strategy Market volatility and competition mitigated through innovation, diversified product mix, and operational efficiency. |
