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Unjha Formulations Ltd. Company History and Annual Growth Details

M/s. Unjha Formulations Limited was established in June 1987 as a partnership firm for manufacturing Pharmaceutical Formulations at Khali Char Rasta, Tal: Sidhpur,
Dist: Mehsana. The firm has now been converted into a Public Limited Company vide Certificate of Incorporation No.04/22932 of 1994-95 dated 2.9.94. The company is
presently manufacturing pharmaceutical formulations like liquids, powder, tablets, capsules, injectibles etc. The Company is one of the largest manufacturers of Isabgul
products in India. The company is located in the heart of Isabgul growing region, worldwide.

The Company has seen uninterrupted growth since incorporation and the sales have consistently risen from Rs.85 lacs in 1991-92 to Rs.348.50 lacs in 1994-95. The
Company is presently manufacturing an extensive range of Pharmaceutical Formulations for human consumption and for veteniary use. The sales therefore are divided into the two
segments viz: human consumption and veterinary products.

In the proposed expansion programme, the company proposes to manufacture additional tablets and injectibles for human consumption and also catering veterinary market. The
company has identified the market segment for veterinary drugs as a less competitive market. Other Companies promoted by the promoter are in the business of procuring
and trading in Psyllium husk. The Company procures this processed husk for its various products. Therefore, there is no conflict of interest. Also not all the raw material
is procured from companies promoted by the same promoters and procurement is based on best rates available.

"Gelax" is one of the main products of the company, catering to the domestic market. The Company has signed a MOU with the Indian Immunological Hyderabad (a unit of the
National Dairy Development Board) for the offtake of their products.

The Company has seen its exports continuously increase from Rs.5.52 lacs in 1991-92 to Rs.38.56 lacs in 1994-95. The company has received Export Orders from Companies in Kenya,
and Dubai for Magnesium Silicate Compound and Isabgul Products, worth Rs.46.10 lacs.

The Company is operating in an industry where there are major pharmaceutical companies - both Indian and Multinational - operating. However the company has an inherent advantage in that it is located in the heart of the Isabgul growing regions in the world with promoters well experienced in the procurement of Psyllium Husk - the major raw material for the company's products. Also it has firm marketing tie up with a major concern which has a strong brand image.

2007

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