Kolkata: M. Bhattacharyya and King & Co., the Kolkata based trusted brands in the sphere of homeopathic medicines for over 120 years have forged a strategic technical collaboration with Hevert, one of the top ten manufacturers of homeopathic medicines in the world based at Nussbaum, Germany.
Established in late 1800’s, M. Bhattacharyya and King & Co. are part of Emami Group of Companies, a diversified business conglomerate with a valuation of Rs.25,000 cr., having leadership presence in various sectors like FMCG, Paper, Edible Oil, Biodiesel, BallPoint Tips, Retail Pharmacy, Leisure Stores, Cement, Solar Power, Real Estate, Contemporary Art etc.
Riding on the rising consumer shift for side-effect free medicine, the INR 1500 crore homeopathy pharma segment has been growing at a fast clip of 25% annually. With this joint venture, Emami Group has upped its ante to aggressively enter the premium homeopathy medicine segment in India—initially by importing and marketing the Hevert medicines from Germany followed by manufacturing the formulations in India.
The formal announcement to this joint venture was made at a press conference organized in Kolkata today. It was attended by Mr. Mathias Hevert, Managing Director, Hevert, Mr. Juergen Kuhlmann, Sales Director International & Export, Hevert, Dr. Ralf Weirich, Head Marketing/Sales/Export, Hevert, Mr. Rainer Schmiedchen, Consul General, German Consulate, Kolkata, Mr Krishna Mardi, Jt.Secretary, Dept of Health & Family Welfare, GoWB, Mr. R.S Goenka, Founder & Jt. Chairman, Emami Group of Companies and Mr. R.K. Jatia, Director, King & Co.
Under this strategic partnership, three agreements have been signed for distribution & marketing, GMP Consultancy and licence for manufacturing select Hevert formulations in India. The process of manufacturing will start from the month of April 2015. The objective of this collaboration is to make world class German homeopathic remedies available in India by importing, marketing & manufacturing them in India by M. Bhattacharyya & Co. Pvt. Ltd.and King & Co. (Homoeo Chemist) Pvt. Ltd.
As a part of the said venture, presently, M. Bhattacharyya has emerged as the sole importer and distributor for six homoeopathic products from Hevert stable in India. These products are namely Hevert Cold & Flu Relief, Hevert Cough Relief, Hevert Stress Relief, Hevert Vertigo Relief, Hevert Pain Relief and Hevert Allergy Relief. The products will be available in 400 homeopathy medicine retail outlets across diverse distribution channels. There are plans to import and market two other medicines at a later date, namely, Hevert Sinus Relief and Hevert Stomach Relief.
Hailing this strategic relationship, Mr. R.S. Agarwal, Founder & Joint Chairman, Emami Group of Companies said that, “Homeopathy is a vast area of knowledge and it is necessary to keep ourselves updated with significant international developments in this area of treatment. As a homeopathic brand, M. Bhattacharyya has been enjoying people’s trust for over 120 years. However, to stay relevant with the passing time, it is necessary to keep pace with advanced developments happening globally. We were always open for strategic technical collaboration with international homeopathic firms and I am confident that our partnership with Hevert is going to benefit the consumers in India immensely.”
Mr. R.S. Goenka, Founder & Joint Chairman, Emami Group of Companies added that, “German homeopathic medicines are highly accepted and trusted by consumers across the world. Therefore, this Indo-German association in the field of homeopathic and natural medicines will go a long way in changing the course of homeopathic treatment in India. Together we share a common philosophy of making people healthy and beautiful and pledge to take good health to every household in India”.
Mr. R.K. Jatia, Director King & Co said, “I take pride in announcing that the year 2014-15 shall be a landmark year in Indian homeopathic industry wherein we shall import world class products for Indian market. Our existing facility at Madhyamgram has been specially upgraded to comply with the EU GMP norms which will enable us to manufacture select Hevert products in India”
Mr. Mathias Hevert, Managing Director of Hevert-Arzneimittel GmbH & Co.KG said that, “We are really happy and proud to offer our proven homeopathic products to Indian people with the help of our partner M. Bhattacharyya & Co. Private Limited. Our main stay is quality. Our products are of very high standards with minimum side effects and are naturally effective. A large number of our formulas were created in collaboration with students of the famous Pastor Emanuel Felke, one of the pioneers of naturopathy and the co-founder of complex homeopathy. With continuous improvements, these medicines have already proven their efficacy to millions of patients worldwide with very low rate of side effects.”
Emami Group of Companies enjoy a strong presence in other areas of healthcare through its various Group Companies. While, Emami Limited, the flagship Company of the Group, manufactures ayurvedic OTC, Generic and Ethical drugs under the Zandu portfolio, Emami Frank Ross is a landmark brand in the field of retail pharmacy in the country. AMRI Hospitals, also owned by Emami Group, is one of the largest chain of hospitals in the private sector in Eastern India, while, M. Bhattacharyya and King & Co., both Emami Group companies, are trusted names in homeopathic and natural medicines for more than a century.