Novozymes South Asia
#9, First Floor, Innovator, International Technology Park, Whitefield Road, Bangalore-560066, Karnataka
Novozymes South Asia is the leading industrial enzymes player in the country with an estimated sales
revenue of Rs 268 crore in 2009-10 as against Rs 250 crore in 2008-09.
As per BioSpectrum survey, the company's market share has dropped down to 55 percent from 65 percent
the previous year. The company holds 80-90 percent market share in textiles and in starch followed by
a number of formulators in the country. The company also enjoys 50 to 60 percent market share in baking
and another 30 to 40 percent share in animal products.
Headquartered in Denmark, Novozymes is a group company of Novo Nordisk. In India, the company is
represented by Novozymes South Asia, located in Bangalore. Through its wide network of sales and
marketing professionals, Novozymes South Asia is exploring the Indian market for the product range
offered by the company.
Novozymes had acquired the Biocon's enzyme business in 2007 for Rs 553.19 crore ($115 mn). With this
acquisition Novozymes has strengthened its position in India. However, it is facing competition from
local firms in some segments.
Novozymes India is moving into a new office and R&D facility at Whitefield, Bangalore. The site will
also accommodate a number of shared services centers developing in the region. Novozymes continued to
focus on growing segments such as detergent, textile and beverage alcohol industries. Thereby, Novozymes
establishes R&D operations in
India in a big way for the first time. The R&D unit in India will initially focus on optimizing enzyme
properties, and application development. Novozymes spends about 13 percent of its turnover for R&D. And
around one-tenth of its expenditure for R&D is used in new areas, in line with its strategy of building
up new business areas beyond enzymes and microorganisms.
Nozymes is focusing on biofuel a big way. The company aims to produce second-generation bioethanol this
year that converts waste and agricultural residues into energy. This will be a radical development in
the search for new renewable energy sources.
Novozymes, last year entered into a collaborative agreement with Praj, a leading company in biofuel
technology and plants on advanced biofuels. Together, Praj and Novozymes will optimize the enzymatic
hydrolysis processes and the use of enzymes in the production of advanced biofuel. The two companies
have worked together for several years within conventional biofuels.
Novozymes has a strong commitment to sustainable biofuels and will develop the enzyme technology needed
for a successful commercialization of cellulosic ethanol. The company believes that collaboration with
Praj will be instrumental in ensuring rapid deployment of cellulosic ethanol in India as well as in other
parts of the world.