Natural Capsules Subsidiary Signs Agreement with Fermbox Bio

Filed: March 12, 2026

Filing Summary

Natural Biogenex Private Limited, a subsidiary of Natural Capsules Limited, has entered into Framework and Contract Manufacturing Agreements with Fermbox Bio Private Limited. The collaboration involves Fermbox providing fermentation technology and equipment valued at up to ₹60 crore at Natural Biogenex’s facility in Tumkur. Natural Biogenex will handle licensed manufacturing, quality assurance, and regulatory compliance. This partnership aims to enhance fermentation-based Contract Development and Manufacturing (CDMO) services for global biotechnology and biopharma clients.

On March 12, 2026, Natural Biogenex Private Limited, a subsidiary of Natural Capsules Limited, announced the execution of Framework and Contract Manufacturing Agreements with Fermbox Bio Private Limited. This agreement focuses on advancing fermentation-based Contract Development and Manufacturing (CDMO) services.

Under the terms of the agreement, Fermbox Bio will supply advanced fermentation technology and equipment, with a placement value of up to ₹60 crore, at Natural Biogenex’s facility located in Tumkur. Natural Biogenex will be responsible for licensed manufacturing, quality assurance, and regulatory compliance. The collaboration is designed to enhance the company’s manufacturing capacity and process efficiency, serving global biotechnology and biopharma clients with integrated, GMP-compliant services.

The agreement aligns with the growing demand in the global biotech and biopharma CDMO market, which is driven by increased outsourcing and complex biomanufacturing requirements. India is positioned to capture a significant share of this market due to its bio-manufacturing capabilities and expanding CDMO sector. Government initiatives like the BioE3 Policy and the RDI initiative are contributing to the acceleration of innovation and scale-up in the industry.

Fermbox Bio Private Limited specializes in providing advanced fermentation technology solutions. The company focuses on enhancing biomanufacturing processes through innovative technology and strategic partnerships, aiming to support the growth of the biotechnology and biopharma sectors.

Natural Capsules Limited is a manufacturer of hard capsule shells, known for pioneering vegetarian capsules in India. It is the second-largest Indian manufacturer of gelatin capsules. Incorporated as a Public Limited Company in 1993, the company expanded its operations to Pondicherry in 2003. Natural Capsules is now entering the API manufacturing sector with complex, high-end patented technology developed in-house through its subsidiary, Natural Biogenex Private Limited.

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