Novateor Research Laboratories Limited, established in 2011, specializes in developing innovative personal care products. Initially a private entity, it transitioned to a public limited company in April 2019. The company operates a state-of-the-art manufacturing facility in Sanand Taluka, Ahmedabad, utilizing semi-automated processes to enhance efficiency and minimize waste. Its flagship product, 'SmiloShine' Teeth Whitening Strips, represents a pioneering effort in India's teeth whitening sector, boasting FDCA approval. Novateor is planning to diversify into cosmetics, health care, and specialty pharmaceuticals. In September 2019, the company successfully raised Rs 4.49 Crore through an Initial Public Offering, issuing 18,72,000 equity shares. This capital injection supports its expansion plans and commitment to developing clinically and commercially advantageous personal care solutions.
