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ACE Laboratories Ltd.

BSE: 526077 Sector: Health care
BSE 05:30 | 01 Jan ACE Laboratories Ltd
NSE 05:30 | 01 Jan ACE Laboratories Ltd

ACE Laboratories Ltd. (ACELAB) - Company History

Promoted by Ajit Chand Srimal and Shailendra Tewari, Ace Laboratories (ALL) manufactures pharmaceutical formulations. It has diversified into bulk drugs such as ciprofloxacin and trimethoprim. It exports mainly to Europe, west Asia, the UK, Africa, Australia etc. ALL has signed MoUs with companies in west Asia, the UK and Nigeria, which will enable the registration of its products in these countries. These agreements will widen the overseas market to include Russia, South Africa and the Commonwealth of Independent States. ALL promoted Ace Diagnostics and Biotech in 1995 to manufacture and market medical diagnostic kits and reagents. ALL has undertaken a backward integration project to indigenously manufacture EMME and TOEF, two import-substitute products, and an expansion project to set up two formulation projects in Himachal Pradesh and Alwar. To further strenghten its R&D base, it plans to set up an integrated R&D centre at Alwar.