Support and Resistance Levels
Past performance
About Syncom Formulations (India) Ltd Syncom Formulations (India) Limited, established in 1988, is a significant player in the Indian pharmaceutical industry. The company specializes in manufacturing and marketing over 200 pharmaceutical products, including tablets, capsules, liquids, injections, dry syrups, ointments, and inhalers. With manufacturing facilities in Pithampur, Madhya Pradesh, and Palghar, Thane, Syncom has consistently expanded its production capabilities and modernized its infrastructure, investing substantially in both expansion and modernization projects.
The company has diversified into ethical operations and herbal products to adapt to market demands, exporting to countries in Africa and Asia, and supplying to Central ESI Hospitals and potentially to defense services. Notably, Syncom's commitment to growth is evident in its strategic expansions, such as the 2007 launch of the 'Cratus Life Care' division and the significant increase in injectable and tablet production capacities in 2020-21. This expansion was supported by fresh capital infusion, underscoring Syncom's robust operational strategy and market adaptability.