Zydus Wellness incorporates wholly owned subsidiary in UK
Ahmedabad: Zydus Wellness Limited has announced the incorporation of a wholly owned subsidiary named Alidac UK Limited in the United Kingdom, further expanding its international footprint in the investment and fast-moving consumer goods (FMCG) space.
According to the company’s regulatory filing with the BSE, the new subsidiary is formed with the primary objective of investment and trading in the FMCG.
Alidac UK Limited has been registered with an initial capital of GBP 100, representing 100 ordinary equity shares of GBP 1 each, fully subscribed in cash. The new entity is currently yet to commence operations.
Established in 1988, Zydus Wellness Ltd. is a consumer wellness company with an Indian heritage and a global footprint.
With over 35 years of operational experience, its portfolio includes category brands, such as RiteBite Max Protein, Complan, Sugar Free, Sugar Free D’lite, I’m Lite, Glucon-D, Nutralite, Everyuth, and Nycil. Headquartered in Ahmedabad and Mumbai, the company has 4 manufacturing facilities across 3 locations - Aligarh, Ahmedabad and Sikkim. It also have 18 co-manufacturing facilities in India, UAE, and New Zealand. Today the Zydus Wellness business spans over 25 countries and 3 continents.
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