According to officials, this is one of the single biggest ketamine seizures in Western India.
According to the TOI report, six people have been arrested in the case and have been booked under the Narcotic Drugs and Psychotropic Substances Act (NDPS) Act.
Among the six accused arrested, one of the high-profile arrest is of the 42-year old Vikas Puri, the owner of VVC Pharma and Speciality Chemicals, Vikhroli, who holds an M.Tech degree in Pharmaceuticals and Fine Chemicals from the prestigious University Department of Chemical Technology (UDCT), Mumbai.
The DRI officials conducted a raid at Puri's Powai residence in suburban Mumbai and found Rs 1.2 crore in cash. Puri also owns factories in Ratnagiri district.
The other five accused are Gesala S. Rao, vice-president of the VVC Pharma (who used to take Ketamine orders), Kantilal S, Nityanand Tewar, Gowri Prasad Pal and Varun Tiwari (a close associate of Puri).
A Jalgaon court remanded them to 15 days custody.
Officials said that the seized drug, Ketamine was meant for export to the US, UK, Australia, Hong Kong and South Asia.
Around 70 officials of the DRI carried out the raid in Jalgaon and Mumbai.
Puri and Rao will be produced in a court on Sunday.
Ketamine was being manufactured "without the required license" at the Rukhma Industries in Jalgaon, around 400 kms from Mumbai.
"Puri would source orders for ketamine and ask Nitin Chinchole, owner of the Rukhma Industries, to manufacture it", DRI officials said.
Then, Puri allegedly would send an associate, Varun Tiwari, to bring the drug from the factory to the city.
Meanwhile, Nitin Chinchole is reportedly absconding.
Both Puri, Rao and other four accused will be produced in a Mumbai court on Sunday.
The manufacture of Ketamine requires a licence from the FDA and its 'import or export permit' is required from the Central Bureau of Narcotics, Gwalior.