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Elder Healthcare > Company History > Pharmaceuticals > Company History of Elder Healthcare - BSE: 524830, NSE: N.A
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Elder Healthcare
BSE: 524830|ISIN: INE950E01010|SECTOR: Pharmaceuticals
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Company History - Elder Healthcare
YEAR                                                        EVENTS
 1988 - Elder Health Care Limited was incorporated as a Private
 Limited
        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
 Pharmaceuticals
        Ltd., Elder Pharmaceutical Ltd., Ethical Pharmaceuticals
 Ltd.,
        Sanjiveeni Pharmaceutical Pvt. Ltd. 
 
      - EHCL was promted by Mr. Jagdish Saxena and Elder
 Pharmaceuticals
        Limited.  
 
 1993 - The Company's proposed unit has been provisionally registered
 as
        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/-
 by
        creating additional equity shares of Rs.10/- each and the
 paid-up
        capital was increased from Rs. 5,00,000/- to Rs.
 1,49,53,000/-. 
 
 1994 - The Company entered the capital market with a public of issue
 of
        10,52,100 No. of equity shares of Rs. 10/- each for cash at
 par
        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
 billion)
        pharmaceutical company, has entered into a joint venture with
        US-based Sensodyne paste manufacturer Stafford Miller, the
 100
        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
 signed an
              agreement with French company Sanofi-Synthelabo to
 market the
              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
 other
              price as may be approved, to Hawpar Health Care Ltd.,
 Singapore
             and/or its affilitates/subsidiaries by way of
 preferential
             allotment so as to enable them to hold upto 51% of the
 post
             issued capital.
 
 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.
 
 2006
 
 -Elder enters into licensing tie-up with Rye.
 
 2008
 
 -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.
 
 2010
 
 -Dr. Joginder Singh Juneja appointed as Chairman.
Source : Dion Global Solutions Limited
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