The Sodha brothers established their pharmaceuticals empire in 1995. Their company, Lexon, now delivers drugs to more than 1,200 independent pharmacies and major groups across the UK.
Growth has been rapid at Lexon, which is run by brothers Anup, Nitin and Pankaj Sodha and their nephew Pritesh Sonpal.
The company – based on the East Moons Moat estate in Redditch – has also enjoyed success importing drugs and selling them in the UK, building a reputation for fast and efficient delivery at competitive prices.
The family also operates its own chain of pharmacies.
From its humble roots, Lexon has now established itself as one of the leading pharmaceutical distributors in the UK, and also has a rapidly expanding international client base.
Within five years of being established Lexon was increasing its sales growth at a rate of more than 70 per cent a year and was listed in the Sunday Times Fast Track 100 in 2000 and 2001. In 2012 the company hit the International Fast Track 200 with overseas sales growth – largely in Africa and Asia – running at 45 per cent a year.
Turnover now exceeds £100 million a year with almost £10 million coming from overseas sales. The company – which employs more than 300 staff – is consistently profitable and major customers include Boots, Lloyds Pharmacies and Tesco.
As well as drugs, the company supplies pharmacies with cosmetic goods and perfumes, and also dietary foods and veterinary drugs. The company’s NHS-audited site at Redditch also supplies hospital trusts and has an online sales operation.