Cadila Healthcare has a very rare business model among Indian pharmaceutical companies. Its revenue mix is composed of CRAM (contract research and manufacturing) and formulation sales. Approximately 20 per cent of its profits are derived from the CRAM space and rest of the 80 per cent comes through its formulations and API businesses. In the domestic market it is present in both ethical and over-the-counter (OTC) segments.
This article was originally published on May 15, 2009.