Great Companies: How did you get your idea or concept for the business?
Maulik Sudani: After my graduation I was looking for some opportunity or business and started the company with trading business simultaneously I was looking for some opportunity and I came across Pharmaceutical Formulations and found that there are very few good units in India for injectables so I took up the challenge to start Sterile Injectable company and started working on it.
Great Companies: What are the various services provided by Farbe Firma Pvt Ltd?
Maulik Sudani: We are into manufacturing pharmaceutical formulations specialized in Sterile Injectables, we export products to more than 10 countries now in 4 years, we also work for big MNC companies and do contract manufacturing for them.
Great Companies: What makes Farbe Firma Pvt Ltd different from hundreds of other similar service providers?
Maulik Sudani: As I said there were few companies in injectables that are good, so we went with the latest technology in the world to produce the best quality of product with less unit cost than competitors.
Great Companies: What are the struggles and challenges you face?
Maulik Sudani: In Pharmaceutical there is a challenge and procedure to follow i.e. Without other counties' government approval, you can't sell materials to that country so like a barrier but based on the state-of-the-art manufacturing setup and with pandemic now we are approved in many countries and still many under pipeline.
Great Companies: How do you plan to grow in the future? What do 5 years down the line look like for Farbe Firma Pvt Ltd?
Maulik Sudani: We started with 0 in 2016-2017. Currently, we have one manufacturing line and one under construction which will be completed before Diwali in 2022, where we have a plan to manufacture medicines similar to Remdesivir and Liposomal Amphotericin B. soon we are planning to set up a new API manufacturing unit and another unit for Biosimilar products and Vaccines. and plan to reach more than 1000 Cr. in the next 5 years.
Great Companies: If you had one piece of advice to someone just starting out, what would it be?
Maulik Sudani: Pharmaceutical is a technical field and capital-intensive business so any person who wants to enter can check which market they want to cater to and invest as per requirements only. also, get knowledge about the regulatory requirements of that market and the timeline to commercialize products there. or you can connect to me, I'll guide you with the figures on paper.