Sanjaya Mariwala, Founder, MD and Executive Chairman of OmniActive, said, "I am pleased to welcome IIFL Asset Management Ltd as a shareholder in OmniActive and this transaction is a testament to the company's strong growth and reinforces the private equity fraternity's continued belief in the growth of the nutraceutical sector". 

Nutraceutical maker OmniActive Health Technologies on Tuesday said that IIFL Asset Management Limited (IIFL) has acquired a minority stake in the company. The financial terms of the transaction were not disclosed. The investment has been made through IIFL AMC’s Special Opportunities Fund series. Established in 2005, OmniActive offers a range of dietary supplements and fortification nutrients OmniActive works with leading human nutrition brands and manufacturers across the world to improve the health and well-being of consumers through a solutionoriented approach. The company has R&D and manufacturing operations in Pune, Hosur, Hassan and Thane in India; and sales and distribution operations in the U.S., Europe, India, Asia, Australia and Latin America. TA Associates, a leading global private equity firm had acquired a significant stake in the company in January 2021. “I am pleased to welcome IIFL Asset Management Limited as a shareholder in OmniActive and this transaction is a testament to the Company’s strong growth and reinforces the private equity fraternity’s continued belief in the growth of the nutraceutical sector,” said Sanjaya Mariwala, MD and executive chairman, OmniActive. "We believe that this group is well poised to capture the increasing trend towards health-conscious lifestyle and focus on natural health supplements," Anshuman Goenka, Head – Private Equity, IIFL Asset Management Limited, who led the transaction said