Elder Pharmaceuticals
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Elder Pharmaceuticals Ltd is a pharmaceutical company headquartered in
Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...
,
Maharashtra Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...
. 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 India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...
& 1 in
Nepal Nepal, officially the Federal Democratic Republic of Nepal, is a landlocked country in South Asia. It is mainly situated in the Himalayas, but also includes parts of the Indo-Gangetic Plain. It borders the Tibet Autonomous Region of China Ch ...
. It manufacture various dosage forms like tablets, capsules, syrups, injectables, topical creams and ointments.


History

In 1989, Jagdish Saxena formed Elder Pharmaceuticals in
Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...
when he lost his job due to the shut down of the pharma division of a company for which he was working. The first manufacturing plant was set up in 1989 at
Nerul Nerul (Pronunciation: Help:IPA/Marathi, eɾuːɭ is a residential and commercial node in Navi Mumbai, Maharashtra, India. Nerul is located in the Harbour line (Mumbai Suburban Railway), Harbour Line, Trans-Harbour line (Mumbai Suburban R ...
. It was listed on
Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. It is the 6th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024. Established with t ...
and National Stock Exchange in 2000. In 2010, the company acquired the UK-based supplements company NeutraHealth for £12.2 million. On 13 December 2013, Torrent Pharmaceuticals signed a definitive deal to acquire Elder Pharmaceuticals' branded domestic formulations business in India and Nepal for 2,000 crore. Even after the sale, Elder Pharmaceuticals faced a debt crisis. In 2016, the company was delisted from the stock exchanges on account of non-compliances. In October 2013, founder Jagdish Saxena died. In October 2017, the MD Alok Saxena died at the age of 52. The promoter group was later led by Jagdish Saxena's second son Anuj Saxena, a former TV actor, and daughter Shalini Saxena Kumar, an entrepreneur.


References


External links


Elder Pharma, Shahnaz Husain ink pact to launch 4 skin care product in 2006-07Elder Pharma forays into NRT segment
* ttp://www.moneycontrol.com/news/business/elder-pharmatalksjapanese-cos-to-supply-bulk-drug_511348.html Elder Pharma gets Japanese approval for API facilitybr>Elder NeutraciticalsCompany History - Elder Pharma
{{Authority control Pharmaceutical companies of India Pharmaceutical companies established in 1989 Manufacturing companies based in Mumbai 1989 establishments in Maharashtra Indian companies established in 1989 Companies formerly listed on the National Stock Exchange of India Companies formerly listed on the Bombay Stock Exchange Torrent Group