Encube Ethicals

Mumbai, India Founded: 1998 • Age: 28 yrs
Contract development and manufacturing for topical semisolid formulations are provided.
Annual revenue $121.2M Latest available
Total funding $65.5M 2 rounds
Employees 1139 Tracked headcount
Investors 5 Known backers
Products - Services tracked
Competitors 7 Brand Intelligence

About Encube Ethicals

Encube Ethicals is a company based in Mumbai (India) founded in 1998 by Mehul Shah. Encube Ethicals has raised $65.53 million across 2 funding rounds from investors including Quadria Capital, Multiples Alternate Asset Management and Gulf Islamic Investments. The company has 1,139 employees as of April 06, 2024. Encube Ethicals operates in a competitive market with competitors including Crown Laboratories, Famar, Curida, Contract Pharmaceuticals and Formulated Solutions, among others.

  • Headquarter Mumbai, India
  • Employees 1139 as on 06 Apr, 2024
  • Founders Mehul Shah
  • Stage Minicorn
  • Sectors
    Healthcare
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Encube Ethicals Private Limited
  • Date of Incorporation 07 Sep, 1995
  • Jurisdiction Mumbai, Maharashtra, India
Operational Areas
Healthcare → Healthcare Services & Infrastructure Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $121.17 M (USD)
    38.32
    as on Mar 31, 2023
  • Net Profit
    $16.1 M (USD)
    33.77
    as on Mar 31, 2023
  • EBITDA
    $28.22 M (USD)
    23.07
    as on Mar 31, 2023
  • Total Equity Funding
    $65.53 M (USD)

    in 2 rounds

  • Latest Funding Round
    $34.18 M (USD), Series D

    Jun 28, 2021

  • Investors
  • Employee Count
    1139

    as on Apr 06, 2024

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People of Encube Ethicals

Headcount 500-1000
Employee Profiles 7
Board Members and Advisors 1
Employee Profiles
People
Kirit Vora
SVP & Head, F&A
People
Mehul Shah
Founder & Managing Director
People
Amar Kasturi
VP & Head, Quality Control
People
Kajal Kumari
Manager - EA (strategy) To MD

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Board Members and Advisors
people
Someshwar Mudda
Advisor

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Funding Insights of Encube Ethicals

Encube Ethicals has successfully raised a total of $65.53M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $34.18 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Encube Ethicals

Encube Ethicals has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Quadria Capital, Multiples Alternate Asset Management and Gulf Islamic Investments.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Healthcare private equity investments focused on Asian markets.
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Investments in multiple sectors are pursued through PE and VC.
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Investment partnerships, entrepreneur support, and profit-focused services in finance.
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Investor details for Encube Ethicals

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Investments & Acquisitions by Encube Ethicals

Investments
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Investment portfolio details for Encube Ethicals

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Financial Statements - Encube Ethicals

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Detailed financials for Encube Ethicals

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Encube Ethicals Comparisons

Encube Ethicals Primary company
Description
Contract development and manufacturing for topical semisolid...
Location
Mumbai, India
Founded Year
1998
Annual Revenue
$121.17 M (USD)
Net Profit
$16.1 M (USD)
EBITDA
$28.22 M (USD)
Employees
1,139
As of 2024
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Peer comparison for Encube Ethicals

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Competitors of Encube Ethicals

Encube Ethicals operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Crown Laboratories, Famar, Curida, Contract Pharmaceuticals and Formulated Solutions, among others.

Company Name Domain Founded year HQ Location Description
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OTC, prescription, skin care, and oral care products are manufactured.
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Contract manufacturing and development services provider
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Liquid pharmaceuticals are developed via blow fill seal technology.
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CDMO focused on manufacturing of semi-solid pharmaceutical drugs
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Company offering CDMO services for the pharma (Rx and OTC), medical device, personal care and veterinary medicine sectors
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Detailed competitors of Encube Ethicals

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Latest news on Encube Ethicals

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Complete news archive for Encube Ethicals

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Frequently Asked Questions about Encube Ethicals

Encube Ethicals was founded in 1998 and raised its 1st funding round 18 years after it was founded.

Encube Ethicals is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Kamesh Venugopal is the current CEO of Encube Ethicals.

Encube Ethicals is a funded company, having raised a total of $65.53M across 2 funding rounds to date.

As of Apr 06, 2024, the latest employee count at Encube Ethicals is 1,139.

Annual revenue of Encube Ethicals is $121.17M as on Mar 31, 2023.

Encube Ethicals was established in 1998 in Mumbai, India, focusing on the pharmaceutical sector. Contract development services for topical semisolid formulations are offered, encompassing formulation and analytical development, packaging design, lab-scale stability studies under ICH guidelines, and scale-up to commercialization. Manufacturing operations produce various semisolid products, including ointments, gels, creams, solutions, and lotions, at dedicated facilities.

Encube Ethicals's top competitors include Famar, Crown Laboratories and Formulated Solutions.

The valuation of Encube Ethicals is $779.83M as of Jun 2021.

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