Founder Mr. Jagdish Saxena Headquarters Mumbai Founded 1989 | Products Medicines and Vaccines Number of employees 4,300 | |
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Type Public company (BSE: 532322; NSE: ELDERPHARM) Industry Pharmaceuticals, Drugs & healthcare Key people Jagdish Saxena, Managing Director, Alok Saxena, Joint Managing Director Revenue ₹8.33 billion (US$120 million) (2010-2011) Subsidiaries EWF Pharmaceuticals Pvt. Ltd, Vincom Pharmaceuticals Pvt. Ltd, Elder International FZCO, Biomeda Ltd. | ||
Elder Pharmaceuticals Ltd is a pharmaceutical company headquartered in Mumbai, Maharashtra. Its main activities include the manufacturing and marketing of prescription pharmaceutical brands, surgical and medical devices. Its largest presence in three therapeutic segments, Women's Healthcare, Wound Care and Nutraceuticals. It has 6 manufacturing plants in India & 1 in Nepal. It manufacture various dosage forms like tablets, capsules, syrups, injectables, topical creams and ointments.
History
In 1989, Jagdish Saxena formed Elder Pharmaceuticals in Mumbai. The first manufacturing plant was set up in 1989 at Nerul. It was listed on Bombay Stock Exchange and National Stock Exchange in 2000. It was founded by Saxena, when he lost his job due to the shut down of the pharma division of a company for which he was working.
On 13 Dec 2013 Torrent Pharmaceuticals Ltd has signed a definitive deal to acquire the branded domestic formulations business in India and Nepal of Elder Pharmaceuticals Ltd for Rs 20 billion.