Global life-sciences firm hopes to treble India revenues in 3 years
Global life sciences company Royal DSM expanded its footprint in India today by opening its shared services centre in Hyderabad.
The Dutch firm, which is into nutrition, pharma and engineering plastics sectors, will be making the facility its core centre for all global financial transactions, including accounting services. This is part of its plans to treble its turnover from India from the current $200 million in the next three years.
“Currently, the Hyderabad facility has an employee strength of 75, which will be increased to at least 250 in the next three years. The facility will be later used for other services, such as information technology operations, procurement and human resources management globally,” Bharath Sesha, president of DSM India, told media-persons.
He said India, along with China and other emerging economies, is expected to contribute to about 50 per cent of the company’s global sales in the next five years. Last year, it clocked a global turnover of €9 billion.
“To achieve this, the company is investing in new manufacturing facilities, as well as looking out for acquisitions, with a clear focus on addressing nutrition and energy-efficiency solutions,” he said.
The firm is in the process of setting up a manufacturing facility for pre-mixes in the nutrition sector in Gujarat, which is expected to be commissioned next year. It has three production units at Toansa (Punjab), Rangangaon (Pune) and Ambernath.