Aarey Drugs & Pharmaceuticals Ltd

Aarey Drugs & Pharmaceuticals Ltd

Aarey Drugs & Pharmaceuticals Ltd is one of the manufacturer and suppliers of pharmaceutical raw materials Chemicals Pharmaceuticals ingredients API's Drugs Food Colours and Flavours. The company is engaged in the business of manufacturing selling of drugs & pharmaceutical products and is governed by a number of central and state legislations that regulate the business. Apart from the bulk drug manufacturing activity they also undertake importing & distributing of various industrial chemicals & solvents throughout the country. The company has their manufacturing unit located at Thane.The company's products include Methyl Nitro Imidazole Metronidazole & Metronidazole Benzoate. Their pharmaceutical products are sourced from the authentic vendors to assure the quality and effectiveness. The pharmaceutical products offered by the company are in compliance with IP/ BP/ CP/ USP standards. They have their registered office is located at Thane and their corporate office is located at Mumbai.Aarey Drugs & Pharmaceuticals Ltd was originally incorporated on May 15 1990 as a private limited company in Mumbai with the name Niharika Textiles & Chemicals Pvt Ltd. The company was originally promoted by Prakash Mandhana Kavita Mandhana and Neeta Mandhana. The company was established with the main object setting up manufacturing facilities for Bulk Drugs. In March 18 1993 the Aarey Group of companies belonging to Ghatalia family took over the company and the company was converted into public limited company. Also the name of the company was changed from Niharika Textiles & Chemicals Pvt Ltd to Aarey Drugs & Pharmaceuticals Ltd.In the year 1993 the company came with a public issue of 2750000 equity shares of Rs 10 each for cash at par aggregating to Rs 275 lakh. Also the company shares were listed on the BSE ASE & DSE.In May 2009 the company plant started to upgrade the existing plant into international standards.The company plans to manufacture new products Sildenafil citrate Tinidazole & Glyxol. They plan to expand the existing production capacity of Metronidazole (MTZ) from 420 MT to 780 MT (MTZ) and Metronidazole Benzoate (MBO) from 120 MT (MBO) to 240 MT (MBO).