Incorporated in Sep.'93, Laurel Organics (formerly Dolphin Organics) is promoted by A K Bansal, K S Varma, Atul Sharma, A P Godiyal, D K Gupta and R K Bansal.
The company set up a bulk drug manufacturing unit at Gurgaon, Haryana, at a project cost of Rs 10.41 cr. It came out with a public issue in Feb.'95 to part-finance the project. Commercial production commenced in May '95.
The company proposes to run plant more efficiently provided the financial institution provided suitable and required assistance. It also plans to revive its operational activity to normal capacity before March' 99.
During the 1998-99, the company has become a sick industrial units.