In today’s times, especially post-COVID, healthcare is considered one of the most important sectors that played a crucial role. Now, it is a broad word and an even broader sector that deals with services, products, and technologies that aim at not only improving but also maintaining human health. This naturally includes hospitals, pharmaceuticals, medical devices, and so much more. One such pharmaceutical company is Encore Healthcare.
This article will talk about Encore Healthcare, a pharmaceutical and consumer healthcare company from Mumbai. We will delve into the depths of the company background, its ownership, services, and much more. Keep reading to find out more!
What is Encore Healthcare?
Encore Healthcare, is both a pharmaceutical and consumer healthcare company that is based in Mumbai, Maharashtra. Business tycoon Viren Merchant, who is also Radhika Merchant’s father, founded the company on 30th January 2002. It is a pharmaceutical manufacturer and marketer that focuses on providing high-quality healthcare services and aims to make them easily accessible, whilst also being affordable.
Interestingly, the company operates on a global basis now, and since it has emphasized innovation, accessibility, and overall affordability, making it a recognized leader in the industry.
Given that it operates on both national and international levels, Anjali Majitha administers and oversees the operations on the international front, whereas Radhika Merchant handles the domestic operations.
Company Background and History
| Founded | 30th January 2002 |
| Headquarters | Mumbai, Maharashtra |
| Type of Company | Privately held company |
| Number of employees | Approximately 375 to 400 |
| Directors or Key Managerial People (KMP) | Viren Merchant (Founder); Shaila, Radhika, and Anjali Merchant; Aman Majithia |
Mission and Vision of Encore
The global mission of the pharmaceutical company is to ensure high-quality medicines are provided to the general public, not just in India but also across the world. The goal of the company is to find affordable medicines and treatment for patients because it believes that every patient in the world deserves both safe and effective medicines. The myth that low-cost medicines are of inferior-quality is something that the Encore Group wants to mitigate altogether.
By merging traditional values with modern technology, Encore is aiming to make a significant impact on global healthcare for the general public.
Services offered by Encore Healthcare
The global pharmaceutical company offers the following services:
Pharma manufacturing
Encore operates and takes immense pride in being one of India’s largest facilities that make oral dosage forms like tablets and capsules. The company maintains a strict quality standard and has international certifications like WHO-GMP, which basically specify that its products meet the international standards.
Contract Manufacturing
Encore is an absolute leader in contract manufacturing and producing finished medicines for several multinational companies. This simply means that the company is making medicines and then they are sold under other companies’ brand names irrespective of whether it is in India or abroad.
Diversity of products
Given that Encore is already operating on a global level, it is not surprising that it manufactures and sells medicines to cure common diseases like diabetes, hypertension, viral infections; they also manufacture anti-smoking drugs, cancer and tumor medications, vaccination for rabies, surgical and ICU equipment, ventilator parts, immunization and vaccination drugs, face creams and active pharmaceutical ingredients.
Regulatory services
Encore not only manufactures medicines, but also provides regulatory support, including handling the preparation of dossiers and their submission as per the CTD/ACTD guidelines. This ensures that the products are meeting international standards.
Overall Product Development and Tech Transfers
Encore Healthcare offers product development services and also technology transfers, thus helping partners develop new formulations and making sure that they are launched in the market efficiently.
Customized Package Solutions
The company is known to offer tailored or customized packaging services that meet the unique requirements of each customer or client. It also makes sure that the product presentation is optimized.
Distribution and Tender Supply models
The multinational pharmaceutical brand collaborates with other global and domestic distributors and participates in several government and institutional tenders that expand product accessibility.
Key Product Categories
Encore Healthcare’s products are quite multifaceted and cover a rather wide range of products such as:
| Dermatology | Creams, gels, face ointments and lotions for skin conditions like acne, fungal infections, etc. |
| Vitamins and supplements | Vitamin D drops, capsules, tablets, and multivitamin syrups |
| Antibiotics | Mupirocin ointment, cefixime formulations, etc |
| Cardiovascular and metabolic medicines | Anti-diabetics, anti-hypertension medicines |
| Respiratory products | Asthma medications |
| Consumer health products | Baby soaps, skin-friendly soaps, face wash etc. |
Companies that use Encore’s products
As previously mentioned Encore is a prominent contract manufacturer, meaning that they manufacture the medicines, and big brands get to retail them. Some companies include:
- Apollo Pharmacy: The company stocks and retails Encore’s products under its own name and also Encore brand.
- 1mg (Tata): They list Encore’s products sometimes under the contract manufacturer as Encore Pharmaceuticals or sometimes Encore Healthcare Private Limited.
- Clinikally: They offer the multinational company’s premium skincare and health products online
Overall Commitment to Quality and Assurance
Encore Healthcare is 100% committed to making medicines that not only work on the domestic front but also meet international quality standards which is a significant achievement. The company staunchly believes that quality should never be compromised and it should not come in between affordability so the company finances are managed in a way that keeps the prices of the products down to a minimum with a high efficiency score.
Impact on Society
Considering the situation of India, a country where the doctor to patient ratio is much lower compared to other countries with a limited access to healthcare, it is worth mentioning that easy and affordable healthcare can be quite a daunting task, but with Encore, this challenge is seamlessly mitigated. The company provides affordable and reliable medicines, and this naturally has a positive effect on society and the environment as well.
What is the future of Encore Healthcare?
Encore has consistently been expanding its product ranges, types and it continues to invest in technology and enter new and even risky markets. This has helped attain leadership in terms of innovation, global growth and maintenance of high ethical standards in all of its operations irrespective of whether it is global or domestic.
Conclusion
In conclusion, Encore Healthcare has emerged as a major player in the Indian pharmaceutical industry and is known for its consistent commitment to quality with economy, and innovation.
The leadership game is strong and determined which only acts as a catalyst for the success of the company. With a simple mission to make healthcare affordable and accessible to all, Encore is all set to continue its growth and dominate both India and overseas.