intas pharmaceuticals intas pharmaceuticals intas pharmaceuticals limited is an indian multinational pharmaceutical company headquartered in ahmedabad. it is a producer of generic therapeutic drugs and engaged in contract clinical research and manufacturing. it has 18 manufacturing plants; 15 in india and the rest in united kingdom and mexico. in the financial year 2019, 69% of the company's revenue came from international markets while 31% came from india. intas pharmaceuticalsheadquarters of intas pharmaceuticalstypeprivateindustrypharmaceuticals biopharmaceuticalsfounded1977 (1977)founderhasmukh chudgarheadquartersahmedabad, gujarat, indiaarea servedworldwidekey peoplebinish chudgar (vice chairman and joint md) nimish chudgar (joint md and ceo) urmish chudgarr (joint md)productspharmaceutical drugs, generic drugs, antiviral drugs, over-the-counter drugs, vaccines,revenue ₹18,416 crore (us$2.3 billion) (fy22)net income ₹2,679 crore (us$340 million) (fy22)number of employees8,000+ (2021)subsidiariesaccord healthcarewebsitewww.intaspharma.com history etizolam tablets manufactured by intas. the company was founded by a jain pharmacist hasmukh chudgar in 1977 and was incorporated in 1985. in 2013, chryscapital acquired 16.14% stake in the company, and in 2015, chryscapital subsequently sold 10.13% to singapore-based temasek holdings and in 2017, it further diluted 3.01% stake to capital international. though, by may 2020, chryscapital bought back capital international's stake. currently, the chudgar family, owns 83.85% stake in the company, with 10.13% being held by temasek holdings, and 6.02% by chryscapital. as of march 2021, the company is operating 19 manufacturing facilities globally - 13 in india, 5 in the uk, and 1 in mexico. the company has set up a new manufacturing facility in pharmez (bavla, near ahmedabad) with capacity to manufacture and export more than 1 billion solid dosages and 5 million injectables. divisions biologics unit (formerly, intas biopharmaceuticals) in 2006, an independent biotechnology division of intas pharmaceuticals was incorporated as intas biopharmaceuticals by urmish chudgar, a hematologist. later in 2012-13, the subsidiary was merged with the parent company intas pharmaceuticals limited. this division is involved in development and manufacturing of biosimilar products based on recombinant dna and monoclonal antibodies. the company faced an eu-gmp (good manufacturing practice) audit in december 2006, to seek approval for a clinical trial of its biosimilar filgrastim in europe and was certified as eu-gmp compliant in april 2007, becoming the first company in india to receive such certification. in 2015, the company launched its first biosimilar product, filgrastim in europe, to treat patients with advanced hiv infection and immune system disorders such as neutropenia. apart from eu-gmp certification, the company has approvals from mcc south africa, gulf cooperation council (gcc), syria, yemen, belarus and several other national health authorities for its manufacturing facility and products. subsidiaries accord healthcare london-headquartered accord healthcare is a fully-owned subsidiary of intas pharmaceuticals, which deals with large-scale generic pharmaceuticals in europe and north america markets. it also manages an american r&d unit which is located at research triangle park, durham. as of 2018, the company has approval for 89 abbreviated new drug applications and is selling 255 dosing presentations. acquisitions teva pharmaceuticals (uk & ireland) in 2016, intas acquired the assets of teva pharmaceuticals in the uk and ireland for us$764 million. actavis (uk & ireland) in 2017, the company's accord healthcare announced acquisition of actavis uk ltd. and actavis ireland ltd from teva pharmaceutical industries, for an enterprise value of £603 million. the deal included a portfolio of generic medicines and a manufacturing plant in barnstaple. sanofi's fawdon plant in 2018, intas' subsidiary accord healthcare reopened sanofi 's fawdon plant in the uk for manufacturing generic effervescent medicines. the plant was acquired in 2015 after sanofi closed the facility. this is the fifth manufacturing location for accord in the country after harrow, barnstaple, haverhill, and didcot. controversies in december 2020, the company along with mankind pharma received show-cause notices for selling anti-diabetic medicine without seeking price approval from national pharmaceutical pricing authority.