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Ipca Laboratories Ltd. Company History and Annual Growth Details

One of the first modern pharma factory of yesteryears was commissioned by Ipca at Mumbai in 1969.
The company was originally promoted by a group of medical professionals and businessmen and was incorporated as 'The Indian Pharmaceutical Combine Association Limited.' in October 1949.
The present management took over in November 1975 when the total turnover of the company was just Rs. 0.54 crores.
Currently, this premise where Ipca started its operations, houses the Registered Office of the company. Key departments like International Marketing, R&D (Formulations) and Analytical Development Lab are located here.


1949 - Ipca Laboratories Ltd. was incorporated on 19th October, in
Mumbai, under the name 'The Indian Pharmaceutical Combine
Association Limited'. The Company manufacture pharmaceutical
products such as tablets, capsules, vials and ampoules. The
Company was promoted by a group of medical professionals viz.,
Dr. N.K. Chaina, Dr. A.M. Desai, Dr. N.S. Tibrawala, K.M. Shroff,
S.F. Kirawal, U.H. Dalal and K.B. Mehla.

1964 - The name was subsequently changed to 'Ipca Laboratories Ltd.' on
6th August 1964. The name was further changed to 'Ipca
Laboratories Private Limited' on 13th January 1966. The name of
the company was again changed to 'Ipca Laboratories Ltd.' on 9th
August 1988. The company became a Public Limited Company
on 24th March, 1993.

1975 - The management of the company was taken over by Amitabh Bachchan,
Ajitabh Bachchan, Jaya Bachchan, M.R. Chandurkar, P.C. Godha.

1994 - The Company undertook to set up a modern plant at Athal,
Silvassa, for manufacture of pharmaceutical formulations. Plant
and machinery comprising blenders, auto tablet coaters, fluid bed
dryers, etc., procured indigenously. The Tatlam bulk drug unit
capacity was increased to 500 TPA.

1995 - 9,225,000 No. of equity shares allotted to promoters, friends,
relatives and associates (of these, 225,000 were Rights shares at
a premium of Rs 120 per share). During February, the Company
issued 3,275,000 No. of equity shares of Rs 10 each at a premium
of Rs 120 per share of which 150,000 shares reserved for
allotment on a preferential basis to employees of the Company
(all were taken up). Balance 3,125,000 shares issued to the
public (all were taken up).

2002-R S Hugar, former managing director of Global Trust Bank, has joined the board of directors of Ipca as non-executive chairman with effect from June 11, 2002.


-Launched new domestic marketing division, ACTIVA ,
dedicated to Rheumatology Care. First Company in India
to have such division for marketing superspeciality molecules.

- Launched new domestic marketing division,Hy Care dedicated to Cardio-Diabetology segments.

- Wholly owned subsidiary Ipca Pharmaceuticals Inc. incorporated in United States of America.

-Wholly owned subsidiary Ipca Laboratories (UK) Ltd. incorporated in United Kingdom.

- Forbes, a leading US business magazine, selected among its top 200 successful, rising companies outside USA, with sales under USD 1 Billion.


-Members of the Company have approved the amalgamation in the nature of merger of Innotech Pharma Ltd., a 100% subsidiary of the Company, with Company

-Ipca Laboratories Ltd. unveils novel injectable antibiotic combination of cefotaxime sodium with sulbactam sodium for the first time in the country under the brand name 'Sultax'

-Received 'Lifetime Achievement Award' for the year2002-03 from from CHEMEXIL (Basic Chemicals,Pharmaceuticals & Cosmetics Export Promotion Council)for export promotion over the years.
-Commissioned new formulation plant at Silvassa
-Forbes Asia, a leading US business magazine selected Ipca, for the second consecutive year as one among the first 200 'Best under a Billion Company' in Asia


-Ipca Laboratories Ltd has informed that the Company has entered into a Joint Venture (JV) agreement with Chongqing Holley Holding Company Ltd of China.

-Merger of Innotech Pharma Limited with Ipca Laboratories Limited in August, 2005.
-Acquires Cardiac brand ISORDIL from Wyeth Limited.
-Forbes Asia, a leading US business magazine selected Ipca, for the third consecutive year as one among the first 200 'Best under a Billion Company' in Asia.


-Ipca Laboratories Enters into Strategic Alliance with Ranbaxy Pharmaceuticals Inc., for the US Market

-Ipca Laboratories launches fixed dose ACT combination and stops manufacturing of single ingredient Oral Artemisinin derivatives.

-Ipca's new plant at Dehradun commenced operation on 5th May, 2006


-Ipca - Ranbaxy Alliance received U.S. FDA marketing approval for Atenolol Tablets
-Ipca Laboratories granted US FDA approval for Hydroxychloroquine sulfate tablet

-Ipca Laboratories - Acquisition of 100% shareholding of formulation dossier registration holding companies in Australia and N

-Ipca launched eighth domestic marketing division, 'Altus' which caters to intensivists and surgeons.

-Ipca has been awarded by Forbes Inc., as one of the 'Best under a Billion' Forbes Global's 200 Best Small Companies, 2007. In the past, company has received same award for three consecutive years' 2003, 2004 and 2005.


-Ipca Laboratories receives US FDA approval for Propranolol Hydrochloride Tablets

-Tonira Pharma's Nandesari unit (API plant at Baroda) receives US-FDA approval.

-Ipca Laboratories Ltd has re-appointed Mr. Premchand Godha as the Managing Director of the Company for a further period of 5 years w.e.f. April 01, 2008.

-Ipca-Piparia, formulation manufacturing unit receives MHRA-UK approval. This is the 3rd plant after Athal and Kandla receiving this qualification.

-WHO prequalify Ipca's dossier of ARTESUNATE + AMODIAQUINE Co Blister making Ipca the 2nd company in the world and the first Indian company to receive this prequalification.


-Ipca received Best Patent Award during the year 2007 - 08

- Ipca Laboratories Ltd has informed that the Board of Directors of the Company at its meeting held on January 21, 2010, inter alia, appointed Mr. Anand T Kusre as a Director of the Company.
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