You are here » Home » Companies » Company Overview » Ajanta Pharma Ltd

Ajanta Pharma Ltd.

BSE: 532331 Sector: Health care
NSE: AJANTPHARM ISIN Code: INE031B01049
BSE 00:00 | 28 Feb 1385.95 -13.70
(-0.98%)
OPEN

1385.00

HIGH

1408.80

LOW

1362.45

NSE 00:00 | 28 Feb 1385.15 -14.60
(-1.04%)
OPEN

1393.00

HIGH

1408.20

LOW

1360.00

OPEN 1385.00
PREVIOUS CLOSE 1399.65
VOLUME 8244
52-Week high 1485.00
52-Week low 840.00
P/E 30.62
Mkt Cap.(Rs cr) 12,092
Buy Price 1375.00
Buy Qty 7.00
Sell Price 1385.95
Sell Qty 50.00
OPEN 1385.00
CLOSE 1399.65
VOLUME 8244
52-Week high 1485.00
52-Week low 840.00
P/E 30.62
Mkt Cap.(Rs cr) 12,092
Buy Price 1375.00
Buy Qty 7.00
Sell Price 1385.95
Sell Qty 50.00

Ajanta Pharma Ltd. (AJANTPHARM) - Company History

Ajanta Pharma is a specialty pharmaceutical company engaged in development manufacture and marketing of quality finished dosages in domestic and international markets. The company produces a comprehensive range of specialty products targeting different therapeutic segments. The company's business includes Branded Generics in emerging markets of Asia and Africa Generics in the developed markets of USA and Institution sales. The branded generics business is spread in India and more than 30 emerging countries across Africa CIS the Middle East and South East Asia. In India Ajanta Pharma has presence in high growth specialty segments of cardiology dermatology ophthalmology and pain management.In branded generic business in emerging markets in Asia and Africa Ajanta Pharma's products cater to therapeutic segments like Anti-Biotic Anti-Malarial Anti-Diabetic Cardiology Gynecology Orthopedics Pediatric Respiratory & General Health products. The company's institutional business comprises of supplies to various government bodies in India and supply of Anti-Malarial products under WHO approved programs in Africa.Ajanta Pharma operates 7 state-of-the-art manufacturing facilities in India and Mauritius. 2 of the facilities in India have been successfully approved by US FDA. The company has an advanced Research & Development Centre in Mumbai for finished formulations and Active Pharmaceutical Ingredient (API) synthesis of different dosage forms. Established in 1973 and headquartered in Mumbai-India the company has a mission of Serving Global Health Care Needs Worldwide. Ajanta has been consistently providing affordable and quality medicines to patients in different parts of the world. The company began its operation in the year 1973 by setting up a small repackaging unit. The company also launched 4 products under its own brand name for repackaged pharma items in the same year. In 1979 the Company set up its 1stManufacturing factory in Chikalthana Maharashtra and also launched 1st own manufactured OTC product- Pinkoo Gripe Water making a mark in the industry by deviating from easy path of following leaders in gripe water industry. A New Manufacturing Facility was built by the company in the year 1984 in Paithan and the company also entered in institutional business. During the period from 1995 to 1998 the company established dedicated R&D facility at Kandivli and also set up manufacturing facilities in Mauritius and CIS. In 2000 the company went public with shares by listing shares in BSE and NSE and also undertook major expansion of manufacturing facilities. In 2002 the company entered domestic prescription market with speciality segment force. In 2007 the company expanded its R&D facility with independent premises in Kandivali. The company also got USFDA Approval for its Paithan manufacturing facility in 2008. In 2009 the company started Active Pharmaceutical Ingredient (API) plant in Waluj Aurangabad for captive use. During the year the company bought a manufacturing facility at Chitegaon in Aurangabad Maharashtra to fuel the company's growth. Also during the year Ajanta Pharma became the first generic company in the world to get WHO Geneva Pre-qualification for Anti-Malarial Drug.In 2010 Ajanta Pharma entered Philippines market with unique product portfolio through Ajanta Pharma Philippines Inc. In 2011 Ajanta Pharma emerged as a strong speciality player in domestic market in Ophthalmology Dermatology and Cardiology with many brands holding leadership positions.In 2012 Ajanta Pharma was ranked among the Top 10 pharma companies in Franco Africa. During the year 2013 Ajanta Pharma commenced sales to the US market. In 2014 the company set up its 2nd dedicated R&D centre at Kandivli in Mumbai for India and emerging markets. During the year the company inaugurated a new facility in Dahej Bharuch Gujarat for catering to the requirements of markets like USA WHO and emerging markets. In 2015 the company announced the launch of Montelukast Sodium Oral Granules. The company also announced the launch of Montelukast IR Tablets and Montelukast Chewable Tablets in US market.In 2017 the company inaugurated and commissioned 1st phase at a new facility in Guwahati Assam. The company's Dahej Gujarat facility was approved by the USFDA without any observation in April 2017.On 11 July 2017 Mr. Yogesh M. Agrawal Managing Director of Ajanta Pharma (APL) informed the company that promoters have sold 27 lakh equity shares in APL representing about 3.07% of APL's equity shares. Consequent to sale promoter holding has come down from 73.78% to 70.71% in APL. This sale has been done to provide liquidity to the promoters and the proceeds will be utilized for personal use.On 9 February 2018 Ajanta Pharma announced that its formulation facility at Dahej in Gujarat was inspected by USFDA from 5 to 9 February 2018. At the end of the inspection no Form 483 was issued to the company by the USFDA.