Kamani Oil Industries manufactures speciality oils and fats with magnificent quality concept embeded in it. Prakash Chawala, Director, Kamani Oil Industries reveals more in a discussion with Sachin Jagdale about the company’s growth prospects
What has prompted Kamani to get into comparatively more challenging pharma business?
We at Kamani Oil Industries manufactures speciality oils and fats with magnificent quality concept embeded in it, along these lines, meeting any technical and ingredient challenges in the production of pharma grade excipient oils and fats is not at all a challenge. Between this, exists a gap of an edge on typical grade ingredients to minimise the import of oils and fats needed for the pharma and cosmetic industry ahead. Kamani has taken this opportunity to bridge the gap.
Can you give the details regarding the application of speciality oils in the pharma industry?
Speciality oil works as an excipient for making the pharma and cosmeceutical applications/ formulations
How much investment has gone into developing pharma unit?
The requirement of pharma products is a real challenge and it involves the delicate meeting of the stringent quality requirement of Schedule M of Drugs and Cosmetics Act, 1940. we made an investment of 3.5 to 4 crore for developing the pharma unit
Do you already have tie ups with any pharma clients for the supply of specialty oils? If yes, please give the details
Kamani Oils have most of the well-known food and pharma customers of the country in its clientele list, with dedication and commitment of quality. We are now happy to supply them pharma/ IP/BP/ USP/ NF grade oils as per their requirement which was till now being imported.
Are you the only supplier of speciality oils to the pharma industry? If not, how will you differentiate yourself from your competitors?
Yes, in the best of our knowledge we are the first Indian vegetable oil company to work on creating such facility and supplying them oils of pharma grades. All the innovation at Kamani are done at the DSIR approved R&D centre which is going to have a competitive edge over others. In addition to this, we also provide high degree of customer service.
Which is going to be the biggest market for you, pharma or nutraceuticals?
Both the pharma and neutraceutical markets are big for us and their lies a potential ahead in both the industries.
What percentage of revenue growth do you expect with the launch of your pharma business over the next three years?
Although very important but this is a very small segment as far as value for business is concerned but it is expected to grow slowly and steadily in the years to come.
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