FemCare brand Healthfab has announced the signing of an MoU with the Andhra Pradesh Govt to acquire 2 acres of land in Kuppam, Chittoor District, to launch its second manufacturing plant for a range of period care panties. The Company plans to invest Rs 15 crore in the unit with an aim to generate over 700 direct and indirect jobs. The expenditure will be spread across factory infrastructure, advanced manufacturing equipment, modern technology, quality assurance infrastructure and workforce development
The proposed manufacturing plant will house Healthfab's vertically integrated manufacturing facility, including production units, quality testing, warehousing, research & development and administrative infrastructure. With a monthly capacity of over 4 lakh period care panties, the company also plans to design and manufacture reusable period panties, disposable period panties and other products that are currently in the pipeline.
Commenting on the signing of the MoU, Kiriti Acharjee, Co-founder, CEO, Healthfab said, “This will be our second manufacturing facility, with the first one being in Bangalore. As we build this unit, we will focus on sustainability being an important pillar in the overall design and development. The facility is being planned with energy-efficient machinery, responsible waste management and recycling practices, water conservation measures, reduced manufacturing waste through optimized production, and environmentally responsible sourcing and packaging.”
We want to continue to strengthen quality control, innovation, production capacity, supply chain efficiency, and support the company's long-term growth plans, he added.
Healthfab recently raised Rs 20 crore in a Series A round led by Atomic Capital. The company is on a trajectory to reach an ARR of Rs 100 crore within the next 100 days. Healthfab is backed by Mistry Ventures and Beyondseed of Singapore.