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Kerala Ayurveda
BSE: 530163|ISIN: INE817B01025|SECTOR: Pharmaceuticals
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Company History - Kerala Ayurveda
Kerala Ayurveda Pharmacy Ltd was originally incorporated as a
 proprietary concern in the year 1945 at Alwaye, 20 Kms from Cochin in
 the State of Kerala.  The founder late Shri K G K panicker was a
 renowned Ayurveda Acharya and had graduated from the Trivandrum
 Ayurveda College as Vaidya Kalanidhi.  He pioneered the concept of
 hospitalized
 treatment in Ayurveda and set up clinics within the State of Kerala. 
 he was actively involved in social and cultural activities also.  The
 Proprietary concern was converted into a partnership firm of the
 family members of the Founder, in the year 1977.
 
 A Private Limited Company by name KERALA PHARMACY PRIVATE LIMITED was
 incorporated on 15/02/1991 vide Certificate of Registration No
 09-05968, issued by the Registrar of Companies, Kerala, which took
 over the assets and liabilities of the partnership concern on
 5/10/1992.
 
 Another Private Limited Company, by name Pensem Drugs and
 Pharmaceutical (P) Ltd. was promoted by the same promoters and the
 Company was registered vide Certificate of Registration No. 09 - 2941
 dated 14/12/1979 issued by the Registrar of Companies, Kerala.  The
 Company had, as it's main objective, manufacture and marketing of
 Ayurvedic
 Drugs, formulations and medicines.
 
 The above two Companies constituting the Kerala Pharmacy Group has
 been engaged in the business of manufacturing and marketing of
 Ayurvedic medicines; operating a chain of ayurvedic clinics in all
 important towns in Kerala and neighboring States.  Ayurvedic clinics
 were also set up in
 the Metropolis of Bombay, Madras and Bangalore.  All these Clinics
 are known as Kerala Ayurveda Pharmacy Ltd. since they are attached to
 distribution network of the Company at these centres.  An integrated
 full fledged ayurvedic clinic by name AMRUTHAM was set up at Alwaye
 in the year 1989 to extend a wide range of treatment including
 specialized
 in-patient treatments uniaque to Ayurveda.
 
 On 6th July 1992, a Public Limited Company was incorporated under the
 name and style PENSEM AYURVEDA PHARMACEUTICALS LTD. with the main
 object of manufacturing, formulating, blending, preparing,
 processing, purchasing, exporting, importing, selling, and dealing in
 Ayurvedic medicines, Pharmaceutical preparations, formulations,
 derivatives,
 compounds, essences, extracts, tinctures, tablets and capsules.  The
 Company was registered vide Certificate of Registration No 09-06592,
 dated 6/07/1992 issued by the Registrar of Companies, Kerala.  The
 Company obtained Certigicate of Commencement of Business on
 23/07/1992.
 
 The name of the Company was subsequently changed to KERALA AYURVEDA
 PHARMACY LTD. (KAPL) with effect from 25.11.1992 and Company obtained
 fresh certificate consequent to change of name vide certificate dated
 25/11/1992 issued by the Registrar of Companies, Kerala.  It was then
 decided to amalgamate two of the group companies viz. KERALA PHARMACY
 (P) LTC. AND PENSEM DRUGS & PHARMACEUTICALS(P) LTD. into the new
 company, Kerala Ayurveda Pharmacy Limited.  A scheme of amalgamation
 was submitted to the Hon'ble High court of Kerala and the scheme was
 approved by the Hon'ble Court vide order dated 15.11.1993 and the
 amalgamation was given effect from 22.2.1994.
 
 MAIN OBJECTS OF THE COMPANY
 
 * To carry on the business of manufacturing, formulating, blending,
 preparing, processing, purchasing, exporting, importing, selling,
 dealing in Ayurveda Medicines, Pharmaceutical Preparations,
 formulations, derivatives, compounds, essences, extracts, tinctures
 tablets and capsules. 
 
 OTHER MAJOR OBJECTS OF THE COMPNAY ARE:
 
 * To carry on the business of establishing, conducting and managing
 Hospitals, Health Resorts, Clinics, Nursing Homes, Mobile
 Dispensaries, Family Welfare Centres, Maternity and Child Welfare
 Centres.
  
 * To carry on the business of establishing, running and managing
 scientific, clinical and fundamental Research Centres for the
 advancement, progress and efficacy of the Ayurveda systems and other
 medical disciplines. 
 
 * To carry on the business of organising, establishing and managing
 Herbarium and medicinal gardens growing medicinal and aromatic plants
 and to procure, extract, process, prepare, purchase, export, imprt,
 sell and deal in Ayurveda Medicinal plants, roots, stems, leaves,
 flowers, seeds, nuts, and fruits of medicinal value.
 
 * To establish, carry on and manage Educational Institutions for
 Scientific and Medical studies and research, and institutions for
 Nursery, Midwifery and Para Medical and Laboratory Courses and for
 conducting short term and long term courses in Ayurveda, Yoga and
 other
 systems of medicines.
 
 * To propagate and develop Ayurveda and other Traditional systems of
 medicines and medical treatments.
 
 2000 
 
 -Kerala Ayurvedic Pharmacy to set up ayurvedic treatment centres in
 all most all the Indian metros.
 
 2004 
 
 -Ayurvedagram Heritage Wellness Centre Pvt Ltd (AHWC) has been hived
 off as a separate business entity with its own capitalisation of
 about Rs 3 crore.
 
 2006
 
 - Kerala Ayurveda Pharmacy Ltd has informed that the Company has
 entered into an MOU with Pacific Healthcare Holdings to establish
 Joint Venture as a 51% subsidiary of the Company.
 
 2007
 
 - Company name has been changed from Kerala Ayurveda Pharmacy Ltd to
 Kerala Ayurveda Ltd.
 
 2010
 
 -Ayurvedagram Heritage Wellness Centre Pvt Ltd, one of Company's
 subsidiary companies won the award of Integrated Wellness Service
 Provider Company of the year 2010
 
 2011
 
 -Banaras Hindu University ('BHU') enters into collaboration with
 Kerala Ayurveda Ltd under Public-Private Partnership ('PPP') Model.
 
 -Tata Global Beverages Ltd & Kerala Ayurveda Limited sign MOU to form
 a Joint Venture for Product Development
 
 -Ayurvedagram Heritage Wellness Centre wins best Wellness services
 provider Company of the year award for the second year in a row
 
 2012
 
 -AyurvedaGram wins Prestigious Award
Source : Dion Global Solutions Limited
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