1990 - The company was incorporated and its main line of business was
 bulk drugs.
 
 1994 - The company had entered into an MOU with ICD group BV of
 Netherlands. As per the agreement, ICD would purchase 36 tonnes a
 year of mebadazole and 12 tonnes of atenolol for a period of five
 years from the company.
 
 1998 - The company was turned sick and was registered with BIFR.
 
 2003 The board of the company had approved to convert the unsecured
 loans of Rs 2 crore into 20 lakh equity shares of Rs 10 each.
 - The board had also proposed to increase the authorized capital to
 Rs 8 crore from the existing level of Rs 6 crore. 
 2006 - Mr. Y Ramachandra Reddy (joint managing director), Mr. E Rama
 Subba Reddy  (director) and Mr. G Chandramoulieswar Reddy (director)
 had resigned from the board of directors of the company.  
 
 2007 - Board of directors of the company on 4th April had passed the
 resolution to extend the financial year of the company to 15 months.
 
 2008 - The Board of the company had appointed Mr. MG Naidu as
 independent director of the company.