Company History: YEAR EVENTS1972 - The Company was incorporated on 15th April 1972 and the certificate of commencement of business was obtained on 8th June 1972. The Main objects of the Company is marketing and distribution of pharmaceutical products Indian made foreign Liquors insecticides pesticides packaging materials and sugar and also manufacture of generic pharmaceutical products. - The Company was set up originally with the object of marketing and distribution and to develop markets and promote goods of various manufacturers.
- The Company was selling pharmaceutical products with the help of medical representatives. Subsequently the Company also undertook selling up Indian made foreign liquors of Nirayu Pvt. Ltd. insecticides and pesticides manufactured and marketed by Paushak Ltd. It also took up the manufacture of generic pharmaceutical products and manufacturing unit complete with quality assurance and analytic unit at Mumbai.
1983 - Some of the existing shareholders offered for sale to the public at par 8 851 No. of equity shares of the Company during November.
1990 - The Company ceased to distribute the products of Alembic Chemical Works Ltd. except in South Gujarat and started acting as a "Marketing Services Agent" for Alembic. It also ceased to act as selling agents of Neomer division of Alembic from 1st April 1991.
1992 - The Company started Loan Licence work for other manufacturers to maintain economic viability of manufacturing activity. It also started operating under principal to principal basis for products of Paushak Ltd. in Maharashtra and M.P.
1995 - The generic manufacturing unit at Mahim was closed down as operations of the Unit had become unviable.
