The Company was Incorporated on 2nd August 1989 as PANCHSHEEL ORGANIC
PRIVATE LIMITED with th Registrar of Companies, Madhya Pradesh at
Gwalior. Subsequently the
company was converted into a Public Limited Company by a special
resolution passed at the Extra Ordinary General Meeting of the
Company held on 1st May 1992. A certificate to that effect has been
obtained on 23rd June'92. The name of the Company was changed to
PANCHSHEEL ORGANICS LIMITED on 30th May 1995 and Fresh Certificate of
obtained from ROC, Madhya Pradesh at Gwallor.
The Company was promoted by Mr. Mahendra Turakhia and Mr. Kishore
Turakhia, with the main object to manufacture and deal in Bulk Drugs
and Drug Intermediates etc. The company acquired land at Plot No.
B-6 & B-7, Sector-C, Industrial Area, Sanwer Road, Indore, and
commenced commercial production in May, 1991 with the financial
assistance of Rs. 55.00 lacs from Madhya Pradesh Financial