Ambalal Sarabhai Enterprises Ltd

Ambalal Sarabhai Enterprises Ltd

Ambalal Sarabhai Enterprises Ltd produces a range of bulk drugs pharmaceutical preparations and electronic instruments. The company operates in two segments namely pharmaceuticals and electronics. Pharmaceuticals segment is engaged in manufacture of drugs and formulations. Electronics segment is engaged in manufacture of electronics instruments and services. Their subsidiaries include Synbiotics Ltd Haryana Containers Ltd Asence Inc Asence Pharma Pvt Ltd Mautik Exim Ltd Systronics ( I ) Ltd Suvik Hitek Pvt Ltd and Vovanties Lab Pvt Ltd. Ambalal Sarabhai Enterprises Ltd was incorporated on June 5 1978. The company became a public limited company in December 1980. In the year 1994 the company entered into a technical collaboration with Biobras Brazil to manufacture highly purified insulin injections. During the year 1997-98 the company formed a joint venture company namely Sarabhai Piramal Pharmaceuticals Ltd with Piramal Enterprises Ltd for marketing of certain products under trademarks being used by the company. During the year 1998-99 the company signed agreement with B V Chiron Netherlands for introducing their anti-cancer drugs in India.During the year 1999-2000 the company entered into an MoU for marketing of products of Oncology products of Chiron Corporation USA. The product division essentially comprising of Sarabai Chemicals products was transferred to the joint venture company Sarabhai Piramal Pharmaceuticals Ltd. In September 2008 the company acquired the manufacturing and marketing company namely Suvik Hitek Pvt. Ltd. The Ethical Division re-launched the products of Suvik and Sarabhai Chemicals in market. Also the company acquired Systronics (India) Pvt Ltd. During the year 2008-09 the Oncology Division launched two new products viz. Fludagem & Xtinib. Also the company promoted a company viz. Vovanties Laboratories Pvt Ltd a pharmaceutical specialist with a vision to establish a state of the art manufacturing facility specializing in Novel Effervescent drug delivery system. During the year 2010-11 the company has transferred and assigned as a going concern the undertaking and business of Sarabhai Chemicals Bulk Drug Division to Synbiotics Ltd and electronics division comprising of Systronics Teleradand SERC to Systronics (India) Ltd with effect from October 01 2010.