SeQuent–Viyash Merger Gets NCLT Approval, Creating India’s Largest Animal Health Company
India’s animal health sector is set for a major shake-up. SeQuent Scientific Ltd, a leading global animal health company, and Viyash Lifesciences, an integrated pharmaceutical manufacturer, have received the National Company Law Tribunal (NCLT) approval for their merger—officially setting the stage for a transformed, scaled-up entity ready to compete globally.
This approval marks more than just a legal milestone. It signals a strategic leap forward for the combined business as it prepares to accelerate growth across the worldwide animal health landscape.
A New Animal Health Powerhouse: Scale, Strength, and Stability
Together, SeQuent and Viyash now represent the largest animal health company from India, backed by strong financial performance:
H1FY26 Revenue: ₹16.5 billion
H1FY26 EBITDA: ₹3.2 billion
Net Debt / EBITDA: Just 0.7x, indicating a robust balance sheet
The combined scale gives the new entity the financial muscle, R&D depth, and manufacturing capabilities required to compete with global players—and expand across both pet and farm animal health markets.
Two Mega Opportunities the Combined Entity Is Positioned to Capture
1. The Booming Companion Animal (Pet) Health Segment
Global pet care is one of the fastest-growing healthcare segments. Rising pet adoption and new therapeutic needs are opening massive opportunities in:
Bone & joint disorders
Dermatology
Diabetes
Cardiology
Oncology
The combined SeQuent–Viyash platform aims to mirror advancements from human pharma and bring them into pet health—where innovation demand is rising rapidly.
2. The Big Wave of Genericization in Animal Health
While human health has rapidly transitioned to generics, the animal health industry lags behind. This creates a substantial opening for the merged company to:
Leverage its API and formulation expertise
Expand into global generics markets
Strengthen its fast-growing CDMO (Contract Development & Manufacturing) business
With advanced R&D and global supply capabilities, the combined entity is positioned to lead this generics wave.
More Than a Merger: A Blueprint for Accelerated Global Expansion
The integration brings together complementary strengths:
Stronger R&D engines
Enhanced API and formulation capabilities
Scaled manufacturing
A more resilient financial structure
Leadership bandwidth for both organic and inorganic growth
For SeQuent, the merger revitalises its ability to pursue strategic acquisitions. For Viyash, it unlocks access to a global commercial and manufacturing footprint.
Leadership Speaks: A Shared Vision for Innovation and Global Impact
Viyash on Innovation and Execution
“This merger creates the platform to deliver world-class solutions for our customers… We have developed a comprehensive plan for integration that leverages synergies for growth and capability. The momentum reflected in our recent results is only the beginning.”
— Dr. Haribabu Bodepudi, Founder & CEO, Viyash
SeQuent on Building a World-Class Animal Health Company
“We are pleased to receive NCLT approval, marking the start of a transformative journey… With this merger, the company will be uniquely positioned to deliver relevant, quality care for animals and set new benchmarks in innovation and customer trust.”
— Rajaram Narayanan, Managing Director & CEO, SeQuent
The Road Ahead
With regulatory approval in place, SeQuent and Viyash now move into the integration phase—aligning operations, optimising synergies, and building a next-generation animal health organisation.
The combined company aims to redefine global standards in:
Quality
Innovation
Reliability
Customer trust
As the global demand for animal health solutions surges, this merger positions the new entity at the forefront of opportunity.