Message From Managing Director

Manish Gupta
Managing Director

FY19 was our first full year of operations as a pure-play animal health company, foundations of which were laid over the last four years. With an annual run rate of US$ 150 million and a presence in 100+ countries, we have emerged as the largest and the first fully integrated global animal health company from India.

We began this journey with a vision of creating a world-class animal health company, and today, this ambition is fulfilled as we ended the financial year with a performance commensurate with our commitment. It is a validation of our unique business model as also our execution capabilities that we have achieved this in a challenging environment of multiple headwinds.

The SeQuent that you see today has metamorphosed from an India-centric, API-led firm serving the unregulated markets to a global animal health company underpinned by a vertically integrated strategy, focus on formulations and worldwide footprint. This transformation has been catalysed by our strategic investments in building our Vizag API facility as well as the inorganic acquisitions across the globe, complemented by the successful integration of these acquisitions. The stage is now set for our Company to focus on superior financial outcomes through relentless execution, and I believe that the same is already visible.

On the formulations front, our business has shown tremendous growth on the back of performance across all geographies. Our growth was driven by improved market shares across key products as also new product introductions. We have established strong R&D capabilities in India and Spain which complements our manufacturing footprints in India, Spain, Turkey, Germany and Brazil.

With a differentiated strategy, favourable environment and building blocks aligned, we are well on course to create sustainable value for our stakeholders. We believe that relentless Execution is the key driver, and we are confident that we will achieve the ambitious targets we have defined for the next few years.