GBA Group acquires stake in pharma testing startup, Eureka Analytical Services
GBA Group plans to further invest over the next few years in Testing-Inspection-Certification (TIC) industry in India
International life sciences company, GBA Group has acquired a significant stake in Eureka Analytical Services (Eureka), a testing labs and inspection service provider. Eureka has now become an official member of the GBA Group. This investment marks the entry of the GBA Group in India.
Starting with this investment, GBA will continuously seek opportunities for further investment in the food, pharma and environment testing market in India. Currently, the food TIC market in India is estimated at Rs 1,800-2,000 crores, growing at ~12 per cent per annum.