Perfect Day Acquires Sterling Biotech

Perfect Day Acquires Sterling Biotech

Co also gets FSSAI nod for animal-free milk proteins

Expanding our commercialization and manufacturing capabilities in India is a critical step forward,” said Narayan TM, Perfect Day ’s President.

MUMBAI, Nov 30 (The CONNECT) - The Food Safety and Standards Authority of India has approved the Perfect Day Inc application for its animal-free milk proteins. The company will export animal-free protein produced in India to meet increasing global customer demands while it works on building a roadmap for domestic commercial opportunities.

The company also completed its acquisition of Sterling Biotech Limited (SBL), advancing the company’s manufacturing capacity and owned manufacturing network. This will double the company’s production capability with the addition of four high-value assets, including two operational manufacturing facilities in Masar, Gujarat—more than returning on Perfect Day’s immediate investment of 1.5x the winning auction price of Rs 638 crore.

“We are scaling our impact to all corners of the world. Expanding our commercialization and manufacturing capabilities in India is a critical step forward,” said Narayan TM, Perfect Day’s President. “Through regulatory approval and the acquisition of these state-of-the-art facilities in India, we have grown our presence in this important market, extending our ability to meet increasing global demand and deliver even more products to consumers.”   

The facilities also are outfitted for other premium, pharmaceutical-grade ingredient production, including gelatin and dicalcium phosphate. This marks another chapter in Perfect Day’s mission as it expands its technology capabilities, ingredient innovation, and planet positive impact beyond animal-free milk proteins.

“This strategic acquisition stands to vastly expand our ability to make and sell protein while leveraging our robust technology platform across new ingredient opportunities," said Ryan Pandya, CEO and co-founder of Perfect Day. “Our mission is one driven by collaboration, and we look forward to working closely with Sterling Biotech’s existing customers and employees as we continue to expand our investment in India and drive positive change together.” 

Founded in 2014 by Ryan Pandya and Perumal Gandhi, Perfect Day is on a mission to create a kinder, greener tomorrow through the harmony of science and nature. Leveraging expertise across biology, food innovation, and consumer products, Perfect Day supports companies in developing, scaling, and commercializing next-generation products that satisfy market demands and champion a path toward a sustainable future. 

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