Elder Pharmaceuticals

Elder Pharmaceuticals
Public company (BSE: 532322; NSE: ELDERPHARM)
Industry Pharmaceuticals, Drugs & healthcare
Founded 1989[1]
Founder Mr. Jagdish Saxena
Headquarters Mumbai, Maharashtra[2], India
Key people
 Jagdish Saxena, Managing Director, Alok Saxena, Joint Managing Director
Products Medicines and Vaccines
Revenue Increase ₹8.33 billion (US$120 million) (2010-2011)[3]
Number of employees
 4300[4]
Subsidiaries NeutraHealth,[5] Elvista[6]
Website [ Official Website]

Elder Pharmaceuticals Ltd is a pharmaceutical company headquartered in Mumbai, Maharashtra.[7] Its main activities include the manufacturing and marketing of prescription pharmaceutical brands, surgical and medical devices. Its largest presence in three therapeutic segments, Women's Healthcare, Wound Care and Nutraceuticals. It has 6 manufacturing plants in India & 1 in Nepal. It manufacture various dosage forms like tablets, capsules, syrups, injectables, topical creams and ointments.[8]

History

In 1989, Jagdish Saxena formed Elder Pharmaceuticals in Mumbai. The first manufacturing plant was set up in 1989 at Nerul. It was listed on Bombay Stock Exchange and National Stock Exchange in 2000. It was founded by Saxena, when he lost his job due to the shut down of the pharma division of a company for which he was working.[9]

On 13 Dec 2013 Torrent Pharmaceuticals Ltd has signed a definitive deal to acquire the branded domestic formulations business in India and Nepal of Elder Pharmaceuticals Ltd for Rs 20 billion.

References

  1. ↑ "Elder : Corporate - Introduction". Elderindia.com. Archived from the original on 29 December 2010. Retrieved 8 January 2011.
  2. ↑ "Elder Contact". Elderindia.com. Archived from the original on 16 December 2010. Retrieved 8 January 2011.
  3. ↑ "BSE Plus". Bseindia.com. Retrieved 8 January 2011.
  4. ↑ "Elder Pharma hiring 1,000 sales staff to tap India's rural market, pharma jobs in India Elder Pharma employment | DWS Pill Scribe". Dancewithshadows.com. 19 April 2010. Retrieved 8 January 2011.
  5. ↑ "Elder Pharma to buy UK's NeutraHealth for $19.1 mn - Corporate News". Mint. 16 September 2010. Retrieved 8 January 2011.
  6. ↑ "Elder Pharma backs out of Ghana venture - Money". Daily News and Analysis. 15 January 2010. Retrieved 8 January 2011.
  7. ↑ "Elder Pharma gets Japanese approval for API facility". Business-standard.com. 3 January 2011. Retrieved 8 January 2011.
  8. ↑ "How Elder Pharma was born". Rediff.com. 31 July 2004. Retrieved 8 January 2011.
  9. ↑ "Elder: Corporate History /Corporate Background". Elderindia.com. Archived from the original on 16 December 2010. Retrieved 8 January 2011.
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