|The Company was incorporated on 13th August, 1991 under the
Act, with Registrar of Companies, Maharashtra at Bombay,
under the name and style of VENUS EYEVISION LIMITED. The
company received the certificate of commencement of
business on 3rd October, 1991.
The initial two years were totally devoted for research
activities le. for the indigenous development of the
product. During these years the promoters visited many
laboratories to study the technical knowhow of the product.
Finally in January, 1994 the Company successfully started
the trial production of IOL's. The Company's product has
been well accepted among the medical professionals, this is
evident from the fact that some of the leading hospitals
like Apollo Hospital, Baroda Eye Hospital, L.V. Prasad Eye
Institute etc. have successfully performed cataract
operations using the Company's product.
After the successful trial of IOL's was conducted, the
company now proposes to setup a facility for manufacturing
1,80,000 pieces per annum of IOL's and 48000 pieces of
sutures at 100 % capacity.
-Company name has been changed from VEL Software Ltd to Venus Universal Ltd.