Lifespan, a Nutraceutical manufacturer, has inaugurated its corporate office at Madhapur in Hyderabad, Telangana.
The company currently has 59 products spanning tablets, capsules, juices, powders, diskettes, spreads and personal care. Apart from this, 20 products are in different stages of development and they will be ready for commercial consumption by December 2020.
Lifespan will be adding about 60 to 70 products in 2021. At the domestic level the company is expanding into setting up 100 Happy and Healthy Living stores across the country. The first set of stores would open before the end of 2020.
In addition, it plans to expand into functional food ingredients and functional beverages. Lifespan will soon be adding gummies and soft gel formats to their existing formats.
The company is looking forward to invest around Rs 100 crore towards these new infrastructure projects. These will create job opportunities for local people.
At the international front, Lifespan plans to partner with retail chains across major countries and use modern trade channels to market their products. It is closely working with US-based agencies to fulfill their regulatory requirements and pave the way for a launch in 2021.