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Brooks Laboratories > Company History > Pharmaceuticals > Company History of Brooks Laboratories - BSE: 533543, NSE: BROOKS

Brooks Laboratories

BSE: 533543|NSE: BROOKS|ISIN: INE650L01011|SECTOR: Pharmaceuticals
Dec 13, 16:00
1.65 (6.6%)
VOLUME 4,909
Dec 13, 15:48
1.45 (5.73%)
VOLUME 34,164
Company History - Brooks Laboratories
Our Company was incorporated vide a Certificate of Incorporation dated
 January 23, 2002 bearing CIN No. U24232PB2002PLC24910 under the
 Companies Act 1956 with the name Brooks Laboratories Limited by our
 promoters Mr. Atul Ranchal & Mr. Rajesh Mahajan. We received our
 certificate of commencement of business on February 19, 2002, from
 the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh at
 Our Company was initially promoted for manufacturing of latest
 molecules in Injectables, tablets and dry syrups for the domestic
 customers. Our Company set up a facility for manufacturing Tablets,
 Dry Syrup and Injectables, which was supported by a research and
 development (R&D) centre at Baddi, Himachal Pradesh. 
 Our Company started its commercial production in the month of June
 2006. Our Company became profitable from the very first year of its
 This facility at Baddi is WHO-GMP and ISO 9001:2008 certified. The
 facility focuses on developing latest molecules in the niche segments
 and then selling it to various pharmaceutical marketing Companies. 
 Before staring our company, our promoters were engaged in
 manufacturing of Pharmaceutical Formulations in their partnership
 firm namely Brooks Pharmaceuticals. The firm had a manufacturing
 facility at F-94, Industrial Area, Phase 7, Mohali, Punjab. The
 factory at Mohali had annual installed capacity of 30 Lacs
 Injectables, 300 Lacs Tablets and 15 Lacs Dry Syrups. Our promoters
 had a successful track record of running the manufacturing of
 formulations in the aforesaid firm, profitably for over 6 years. 
 In order to take an advantage of the growing market and avail the tax
 and other benefits that were made available by the Government to set
 up a manufacturing facility at Baddi, our promoters decided
 incorporate our company Brooks Laboratories Ltd and set up a bigger
 and more sophisticated unit at Baddi, in Himachal Pradesh.
 Subsequently, the firm was dissolved in the month of December 2008. 
 Further in years 2007 and 2008 to have a smooth transition from Brook
 Pharmaceuticals to Brooks Laboratories Ltd., Our Company paid/settled
 some dues to Creditors and Lenders of Brooks Pharmaceuticals
 aggregating to Rs. 151.79 Lacs.  Later on to settle the above our
 Company purchased on book value certain assets (Fixed assets &
 Stocks) aggregating to Rs. 113.27 Lacs and received  an aggregate sum
 of Rs. 38.52 Lacs from M/s. Brooks 
 Pharmaceuticals, a partnership firm promoted by our Promoters, Mr.
 Atul Ranchal and Mr. Rajesh Mahajan.  
 Key Events and Milestones  
 January 23, 2002
 Incorporation of Brooks Laboratories Limited. 
 February 19,2002
 Received certificate for commencement of business 
 May 5, 2005
 Commenced setting up of manufacturing facility at Baddi, Himachal
 April 10,2006 
 Manufacturing drugs license issued by the State Drugs Controlling and
 Licensing  Authority, HP. 
 April 30, 2005
 Commissioning of R&D centre at Baddi 
 May 20,2006 
 Completion of Commissioning of plant for manufacture of Tablets,
 capsules, Injections,  Oral Liquids etc.
 May 30, 2006
 Start of commercial production 
 June 1,  2006
 First PPI Formulation developed by the Company. 
 October  27,2006 
 Obtained Import license from Drugs Controller General of India under
 the Drugs Act  1940 and Drugs Rules. 
 August 02, 2007 
 Received an AS/NZS ISO 9001:2000 Certificate from SAI Global
 Certification Services  Pty Limited, Australia. 
 April 30, 2008* 
 Takeover of some of the Assets of M/s Brooks Pharmaceuticals, a
 partnership firm of 
 Our Promoters Mr. Atul Ranchal & Mr. Rajesh Mahajan by our Company. 
 December 30, 2008 
 Dissolution of M/s Brooks Pharmaceuticals, a partnership firm of  Our
 Promoters Mr.  Atul Ranchal & Mr. Rajesh Mahajan.  
 January 06,2009 
 Micro Small Medium Enterprise (MSME) Registration Certificate issued
 by Directorate of Industries for Manufacturing/Assembling Injections,
 Capsules & Tabulates (Single  Window Clearance Agency). 
 April 7,2010  
 The manufacturing facility at Baddi was certified as WHO GMP
 compliant by  Department of Health & Family Welfare, HP. 
 July 27,2010  Received an ISO 9001:2008 Certificate from UKAS Quality
 Management, URS & IAF.   
 --Registered Office of the Company has been shifted to Village
 Kishanpura, Nalagarh Road, Baddi, Distt. Solan, H.P
 -Mr. Bhaskar Sharma has been appointed as Additional Independent
 Director of the company.
 - Ms.Sonia Gupta has been appointed as Independent Director of the
 -Brooks Laboratories - Shifting of Corporate Office to 5th Floor,
 Next to Hotel Courtyard Marriott,
 Andheri Kurla Road, Mumbai - 400093.
 -Brooks Laboratories gets manufacturing licence for Gujarat facility.
Source : Dion Global Solutions Limited
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