Inventys Research Company, a manufacturer of custom chemicals, recently revealed its expansion intentions. A substantial debt-free capacity will be installed by Inventys on a 17-acre greenfield site at MIDC Butibori, Nagpur.
Over the course of three phases, Inventys plans to increase the reaction capacity by more than 300 batch and flow reactors. An investment of more than INR 1,200 crore will be required to add a total of more than 2,000,000 litres of new reaction capacity.
Phase 1 of the expansion is supported by the private equity infusion led by Plutus Wealth Management LLP and India Inflection Opportunity Fund, managed by Pantomath Capital Management Pvt. Ltd.
Deepak Birewar, Chairman & MD, Inventys Research, said in a statement, “Our USP lies in our ability to develop highly complex chemicals across various life science segments. We are now aiming to rapidly scale further with capital, regulatory permissions, process technology, product pipeline, and customer demand already secured. Phase 1 of the expansion is expected to be completed in FY2024.”
