1988 - Elder Health Care Limited was incorporated as a Private
Company on 21st March, and was converted into Public Limited
Company with effect from 29th July, 1992.
- The Company commenced production of formulation with
manufacturing base taken on Loan Licence from Gan
Ltd., Elder Pharmaceutical Ltd., Ethical Pharmaceuticals
Sanjiveeni Pharmaceutical Pvt. Ltd.
- EHCL was promted by Mr. Jagdish Saxena and Elder
1993 - The Company's proposed unit has been provisionally registered
an S.S.I unit.
- The Company's authorised capital was raised first from Rs.
5,00,000/- to Rs. 1,50,00,000/- and then to Rs.6,00,00,000/-
creating additional equity shares of Rs.10/- each and the
capital was increased from Rs. 5,00,000/- to Rs.
1994 - The Company entered the capital market with a public of issue
10,52,100 No. of equity shares of Rs. 10/- each for cash at
aggregating Rs. 1,05,21,000/-.
1995 - The production of Tiger Balm has already started at Company's
manufacturing unit at patalganga.
1999 - Elder Healthcare, the city-based Rs 140-crore (Rs 1.4
pharmaceutical company, has entered into a joint venture with
US-based Sensodyne paste manufacturer Stafford Miller, the
per cent subsidiary of the 0 million Block Drug Company.
- Elder Pharmaceuticals is set to launch the world's number one
brand in sensitive toothpastes -- Sensodyne.
2000 - The company's equal joint venture with Rottapharm of Italy
called Earth Wind and Fire Pharmaceuticals (EWF) has
agreement with French company Sanofi-Synthelabo to
latter's pacemaker products in the country.
- The company issue and allot 46,63,300 No. of equity
shares of Rs.
10/- each at a price of Rs. 22/- per shares or at such
price as may be approved, to Hawpar Health Care Ltd.,
and/or its affilitates/subsidiaries by way of
allotment so as to enable them to hold upto 51% of the
2001 - Elder Healthcare Ltd. has opted for a 30:70 joint venture for
Tiger Balm project
with Singapore-based Haw Par Health Care.
- The Company joint venture agreement entered into with
Haw Par Health Care Ltd.
(60 per cent foreign participation), Sat Pal Khattar
(14 per cent NRI participation) and
the company and Elder Health Care Ltd (26 per cent
Indian participation) on 29th March.
-Elder enters into licensing tie-up with Rye.
-The Company started commercial production of Pharma products, Drugs
falling under chapter No. 30049011 of Central Excise Tariff at the
manufacturing unit of the Company situated at Paonta Sahib Industrial
Area, Village Gondpur, Dist. Sirmour, Himachal Pradesh.
-Dr. Joginder Singh Juneja appointed as Chairman.