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The Company was incorporated as a Private Limited Company on 5th October, 1978 and was subsequently converted into a public limited company on 5th November 1985. The Company was promoted by Mr. D.K.Sawant and Mr. U.C. Chogle, Mr. Chogle was the Managing Director of the company until July, 1992. The Company manufactures Tablets, Capsules, Liquid Orals, Dry Syrups and oral Rehydration Salts for both exports and for domestic consumption. The expansion-cum-modernisation project of the company consist of :- 1. Installing additional as well as balancing equipment in Tablets, Capsules and Dry Syrups Sections. 2. Running the plant on multiple shift basis, and 3. Installing new facility for the manufacture of parenteral and ophthalmic solutions from the year 93-94 after the rights issue. The company has established itself as a manufacturer of quality, pharmaceutical products and the company has been receiving regular Loan Licence, work from reputed multinationals and Indian pharmaceutical companies like E. Merck, Boeringher, BDH, etc. The company has also recently tied up with Geekay Exim Limited, an export house, is expected to increase production levels substantially. The Company proposes to engage services of M/s Klenzaids Aseptic Technologies Pvt. Ltd. for setting up the Sterile Section. A Lumpsum fees of Rs.2.50 lacs is proposed to be paid to consultants.