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← Older revision		Revision as of 14:12, 18 March 2022
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	\| founder = Sudhir vaid		\| founder = Sudhir vaid
	\| key_people = Sudhir Vaid<small><br />(Chairman & MD)</small><br />		\| key_people = Sudhir Vaid<small><br />(Chairman & MD)</small><br />
	Ankur Vaid<small><br />(CEO)</small~~><br /~~>		Ankur Vaid<small><br />(CEO)</small>
	\| industry = [[Biotechnology]]		\| industry = [[Biotechnology]]
	\| products = [[Biologics]] <br /> Small Molecules <br /> [[Active ingredient]]		\| products = [[Biologics]] <br /> Small Molecules <br /> [[Active ingredient]]

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{{short description|Biotechnology company headquartered in Ahmedabad, India}}
{{Infobox company
| name = Concord Biotech
| logo = Concord Biotech Logo.jpg
| logo_size = 250px
| type = [[Public company|Public]]
| traded_as =
| founder = Sudhir vaid
| key_people = Sudhir Vaid (Chairman & MD) 
Ankur Vaid (CEO) 
| industry = [[Biotechnology]]
| products = [[Biologics]] Small Molecules [[Active ingredient]]
| services =
| revenue = {{profit}} {{INRConvert|247.95|c}} (2014–15)<ref>{{cite web|url=https://www.biospectrumindia.com/features/72/6884/top-20-series-rank-19-concord-biotech-a-year-of-substantial-growth.html|title=Top 20 Series-Rank 19- Concord Biotech- A year of substantial growth |publisher=BioSpectrum |accessdate=15 October 2015}}</ref>
| assets =
| num_employees =
| subsid =
| intl =
| foundation = 2000
| slogan =
| location_city = [[Ahmedabad]]
| location_country = [[India]]
|area_served = Worldwide
| homepage = {{URL|http://www.concordbiotech.com}}
}}
'''Concord Biotech Limited (CBL)''' is a [[Biotechnology]] company headquartered in [[Ahmedabad]], [[India]]. The Company manufactures fermentation based biopharmaceutical [[Active ingredient|active pharmaceutical ingredients (APIs)]] sold worldwide. Company manufacturing facility in [[Ahmedabad]], [[India]] is approved by global regulatory bodies including US -[[Food and Drug Administration]] and EU-[[Good manufacturing practice]].<ref>{{cite web|url=https://www.business-standard.com/article/companies/concord-biotech-mulling-new-unit-107091301081_1.html|title=Concord Biotech mulling new unit |publisher=Business Standard |accessdate=5 February 2013}}</ref>

==History==
Concord founded in the year 2000 by Sudhir Vaid. From a single product company in 2000s, Concord today manufactures over 30 products across niche therapies such as [[Immunosuppressive drug|immunosuppressant]], [[oncology]], [[antifungal]] and [[antibacterial]].<ref>{{cite web|url=https://www.business-standard.com/article/news-ani/quadria-capital-consortium-acquires-stake-in-concord-biotech-116070500401_1.html|title=Quadria Capital consortium acquires stake in 'Concord Biotech' |publisher=[[Business Standard]] |accessdate=5 July 2016}}</ref> Concord Biotech is the first company in India and the second in the world to develop an anti-immuno suppressant tachrolimus.<ref>{{cite web|url=https://www.business-standard.com/article/economy-policy/concord-biotech-eyes-5-fold-growth-by-06-104021401085_1.html|title=Concord Biotech eyes 5-fold growth by '06 |publisher=[[Business Standard]] |accessdate=28 February 2013}}</ref> Quadria Capital, invested Rs 475.31 crore for a 20% stake in Concord Biotech Ltd. in 2016.<ref>{{cite web|url=https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/quadria-cap-concludes-rs-475-31-crore-investment-in-concord/articleshow/53061503.cms|title=Quadria Cap concludes Rs 475.31 crore investment in Concord |publisher=[[The Economic Times]] |accessdate=5 July 2016}}</ref><ref>{{cite web|url=https://www.thehindubusinessline.com/companies/healthcarefocussed-pe-firm-quadria-lines-up-98million-fund-for-india/article9216052.ece|title=Healthcare-focussed PE firm Quadria lines up $9.8-million fund for India |publisher=Business Line |accessdate=13 October 2016}}</ref><ref>{{cite web|url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/healthcare-sector-sees-88-funding-deals-worth-397-million-in-2016/articleshow/54408062.cms|title=Healthcare sector sees 88 funding deals worth $397 million in 2016 |publisher=[[The Economic Times]] |accessdate=19 September 2016}}</ref> [[Rakesh Jhunjhunwala]] holds 30% stake in Concord.<ref>{{cite web|url=https://economictimes.indiatimes.com/markets/stocks/news/rakesh-jhunjhunwala-to-give-up-concord-biotech-stake-eyes-rs-500-cr/articleshow/46583909.cms?from=mdr|title=Rakesh Jhunjhunwala to give up Concord Biotech stake, eyes Rs 500 cr |publisher=[[The Economic Times]] |accessdate=16 March 2015}}</ref><ref>{{cite web|url=https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/domestic-pharma-players-eye-bharat-serums-acquisition/articleshow/65599453.cms|title=Domestic pharmaceutical players eye Bharat Serums acquisition|publisher=[[The Economic Times]] |accessdate=30 August 2018}}</ref><ref>{{cite web|url=https://www.livemint.com/Companies/HrIDAYzQCiw8FA4B3GiuTP/Quadria-to-invest-in-Concord-Biotech.html|title=Quadria to invest in Concord Biotech |publisher=[[Mint (newspaper)|Mint]] |accessdate=18 January 2016}}</ref>

==See also==
*[[Dr. Reddy's Laboratories]]
*[[Wockhardt]]
*[[Biocon]]

== References ==
{{Reflist|colwidth=30em}}

[[Category:Pharmaceutical companies of India]]
[[Category:Biotechnology companies of India]]
[[Category:Manufacturing companies based in Ahmedabad]]
[[Category:2000 establishments in Gujarat]]
[[Category:Indian companies established in 2000]]
[[Category:Pharmaceutical companies established in 2000]]

Concord Biotech - Revision history

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