Mono Pharmacare Ltd. Company History and Annual Growth Details

The company was originally formed as a partnership firm in the name and style of “M/s. Mono Chemist” through partnership deed dated May 06, 1994. Promoters of the company Panilam Lakhatariya and Supal Lakhatariya joined the partnership firm on May 10, 2018, as partners of the firm. Further, the Promoters acquired 100% ownership of the partnership firm on July 25, 2019. Further, new partners i.e. Shivlal Gandalal Lakhatariya, Shardaben Shivlal Lakhatariya, Shivam Parag Chauhan, Archit Suhasbhai Shah and Pallaviben Suhasbhai Shah were added pursuant to deed of admission dated June 18, 2022. The partnership firm was then converted into Public Limited company under part I (Chapter XXI) of the Companies Act, 2013 in the name and style of Mono Pharmacare Limited vide Certificate of Incorporation dated October 17, 2022, was issued by the Registrar of Companies, Ahmedabad. The corporate identification number of the Company is U24304GJ2022PLC136193.

Key Events and Milestones:

1994
- Incorporated Partnership firm in style of ‘M/s Mono Chemist’

2018
- Panilam and Supal Lakhatariya are introduced as Incoming partners of Partnership firm.

2019
- Revenue experienced a growth of more than 2x times after the introduction of the promoters.

2022
- Conversion of the company from Partnership Firm to Public Limited Company.
- Takeover of the business of DLS Export (Proprietorship firm of Panilam Lakhatariya)

2023
- Takeover of the business of Ahmedabad Medical Corporation and Supal Distributors LLP.