founded 1993 founder k. i. varaprasad reddy headquarters medchal hyderabad india key people k. i. varaprasad reddy chairman harish iyer ceo products recombinant dna vaccines parent sanofi slogan health care people website shanthabiotech.com shantha biotechnics is an indian biotechnology company based in hyderabad . it is the first indian company to develop manufacture and market recombinant human healthcare products in india . the company is a wholly owned subsidiary of sanofi group . 1 contents 1 history 2 products 3 insuman cartridges project 4 see also 5 references 6 external links history edit manufacturing facility of shantha biotechnics near the genome valley the genesis of shantha biotechnics ltd. can be traced back to the initiatives of dr. k i varaprasad reddy and khalil ahmed . varaprasad and ahmed established the company in 1993 to produce cost effective drugs to reach the common man at an affordable price while maintaining international standards in quality . 1 the project originated as an r & d outfit at the osmania university under the industry university interactive programme in 1993 and later operated out of the center for cellular and molecular biology until an independent r & d facility was built . in 2006 the european biotech major m rieux alliance bought 60 % stake in shantha biotechnics at a valuation of 175 million . 2 in 2009 the vaccine division of french pharmacological company sanofi pasteur acquired the stake held by m rieux alliance valuing shantha biotech at euro 550 million over rs 3 770 crore . 3 over time sanofi acquired further stake in shantha biotechnics and in 2013 acquired 100 % of the company . 4 products edit drugs developed by shantha include shanvac b shanferon shankinase shanpoietin shantetra shan5 shan hib dpt shan hib and shantt . today shantha biotechnics caters to major international markets including asia pacific africa cis and latin america in addition to international organisations like unicef and paho . insuman cartridges project edit cm k.chandrashekar rao kcr laid stone foundation for insuman cartridges project in medak district . 5 this project will be executed by shantha biotechnics private limited . the main object of the insuman cartridges project is to produce insulin at a lower cost and located at medak district telangana state.the project cost for 460 crore . 6 see also edit genome valley references edit a b shantha biotech to launch 5 in 1 pediatric vaccine cnbc tv18 . moneycontrol.com . retrieved 2012 09 28 . sanofi aventis takes control of shantha biotechnics . vccircle . retrieved 2015 09 19 . somashekar mulugu . business line companies news top level changes at shantha biotechnics . thehindubusinessline.com . retrieved 2012 09 28 . sanofi infusing 122m to complete buy out of shantha biotech and further expansion . vccircle . retrieved 2015 09 19 . details cm kcr lays foundation stone for insuman cartridges project in medak details insuman cartridges project external links edit 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