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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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