Mayuka Labs R&D Centre Gets DSIR Recognition

NEW DELHI, India, January 12 /PRNewswire/ — New Delhi based Mayuka Labs
Private Limited has received recognition for its in-house research &
development facility from the department of scientific and industrial
research (DSIR) under the ministry of science and technology, Government of
India.

With twenty-one scientists working round the clock at its R&D and Pilot
unit at Nacharam, Mayuka Labs has crossed this milestone in its first year of
operations. The company has filed two international PCT patents in 2008 and
is working on new process technologies on 12 different molecules. The
companies customer base ranges from big pharma clients like Boehringer
Ingelheim to leading generic companies like Mylan subsidiary Matrix Labs, Dr.
Reddy’s and Unimark Remedies.

“We create value for our customers through innovative new processes. As

Thomas Friedman put it, this is a flat and deeply interconnected world and
our R&D teams work 24/7 to cater to customers across the world. The DSIR
recognition for our R&D, is a key milestone as we continue to drive
efficiencies in the Custom Research, Custom Synthesis and Custom
Manufacturing space,” said Dr.Chandra Sekhar N K, Chairman and Managing
Director, Mayuka Labs.

With this accreditation, Mayuka Labs is entitled to receive support from
government establishments such as Council of Scientific & Industrial Research
(CSIR), Department of Biotechnology (DBT) and the Department of Science and
Technology (DST) for its projects.

According to the DSIR website there are only one thousand two hundred and
forty seven companies across all industries, including research labs set up
by multi-national companies which are recognized by DSIR in India. Within the
pharma and biotech space, there are less than two hundred. Mayuka Labs is now
a part of this select group.

The Government recognition of its R&D center, apart from recognizing the
innovative work being done by Mayuka scientists enables the company to enjoy
a weighted tax deduction of 150% on its R&D expenses, along with complete
exemption of duties on import of materials, equipment and machinery for R&D
purposes.

About Mayuka Labs

New Delhi based Mayuka Labs was established in July, 2007 and set up its
Research Labs in October 2007. The company is funded by US investors and
offers Custom Research, Custom Synthesis and Custom Manufacturing services to
innovator and generic companies across the world. Its R&D and pilot plant is
in Nacharam Hyderabad and its API facility is located in Kopargaon,
Maharashtra.

    Contact :

    Dr.Chandra Sekhar N K
    Chairman and Managing Director,
    Mayuka Labs Private Limited
    chandra@mayukalabs.com
    +91(0)11-46523601

SOURCE Mayuka Labs Private Limited