The agreement is for the distribution of food enzymes and probiotics for the food & dietary supplement industry in Indonesia, Malaysia, Philippines, Singapore, Thailand & Vietnam.

Mukund Kabra, whole time director at Advanced Enzymes, said: “We see excellent fit of our food enzymes and probiotics for food & dietary supplement with Azelis' product portfolio and their industry reach. We are confident that our distribution partnership with Azelis will help to provide exceptional customer service, strengthen supply chain & improve market reach.”

Advanced Enzyme Technologies is a specialty biotech company, with global leadership in the manufacturing of enzymes and probiotics.

The company reported 22% fall in consolidated net profit to Rs 30.3 crore despite a 6% rise in revenue to Rs 127.1 crore in Q2 FY22 over Q2 FY21.