Mumbai-based Cheryl's Cosmeceuticals plans to invest 10 crore Indian rupees for new facility in Gujarat, 30 crore Indian rupees to expand skin, hair care product offerings and open skin care centers countrywide

Lorena Madrigal

Lorena Madrigal

Nov 4, 2011 – Industry Intelligence

LOS ANGELES , November 4, 2011 () – Mumbai-based Cheryl’s Cosmeceuticals Director Oscar Pereira said the company will invest 40 crore Indian rupees (US$8.6 million) on expanding its operations, reported Oct. 30.

About 10 crore Indian rupees will go to a new facility in Gujarat, and 30 crore Indian rupees will be used to expand Cheryl’s skin and hair care product lines as well as open skin care centers nationwide.

According to Pereira, the new Gujarat unit will help expand its product offerings, which currently nearly includes 200 items. About 8 to 10 new products are expected to be launched per year, Pereira added, according to the article.

The company is also eyeing to enter the nutraceutical market.

Internal accruals and banks loans will be used to fund the projects and the company will consider private equity for the later stages.

Cheryl’s Cosmeceuticals is a pharma-grade skin and hair care cosmetics producer whose products treat conditions like pigmentation, acne, wrinkles, dandruff, hair-loss, hair restoration and thinning and are made with herbal additives and bio-tech ingredients. The company currently has two manufacturing facilities in Vasai, India.

The primary source of this article is, Noida, India, on Oct. 30, 2011.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.


About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025 795

+1 (310) 558 0008
+1 (310) 558 0080 (FAX)

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.