Pushing the boundaries

Premas Lifescience crossed Rs 100 crore mark with Rs 104 crore revenue in the previous fiscal

premas

Rank: 3
Segment: BioSupplier-Distributor
Organization: Premas Lifescience
Executive Director: Mr Praveen Gupta
Revenue: Rs 104 crore

 

In the FY2014-15, Premas Lifescience registered a good year on year (YOY) growth of 61 percent, and sold almost Rs 104 crore worth of products and services as against Rs 66 crore in the FY13-14. Premas is the supplier of Illumina range of products.

Recently, it was also appointed India's sole distributor for Hamilton Robotics. Another highlight for the company in the past fiscal was that it has received the best distributor award from Illumina for two years in a row. While the firm's Illumina business continues to draw the highest share of the revenue, it also recorded a significant increase in its non Illumina business last year.

As per the company, the key drivers of growth were higher pull through sale of reagents from its existing customers and adoption of the next generation sequencing (NGS) technology by applied markets, mainly clinical.Increased number of service providers adopting its technologies contributed significant growth to its business.The firm sold more than 25 new platforms in the last year and it is hoping to see even higher reagent pull this year. Premas was also successful in bagging some large contracts of multi-sample genome re-sequencing projects from leading research institutes. The other striking feature of its success last year was that 50 percent of its business came from private accounts.

 

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