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Kolar Biotech Ltd.

BSE: 532148 Sector: IT
NSE: N.A. ISIN Code: INE365A01027
BSE 05:30 | 01 Jan Kolar Biotech Ltd
NSE 05:30 | 01 Jan Kolar Biotech Ltd

Kolar Biotech Ltd. (KOLARBIOTECH) - Company History

Kolar Information Technologies was originally incorporated as a Private Limited Company under the name and style of Kolar Securities Services Pvt. Ltd, on 13th January, 1994 and on 1st November, 1994 Company was converted into a Public Ltd. Company. The Company is a Member of the National Stock Exchange (Debt & Capital Market Segment). The information technology industry was facing global slowdown and so was the company. It is because of this that the company has examining options in sunrise fields like biotechnology, biopharma and related infrastructure. The company foresees very great future for Life Sciences, Bio-technology and Pharmaceuticals Sectors. Year Board has reached on the consensus with the group of scientist and very soon the MOU will be signed for venturing into above mentioned sunrise sectors. Abroad number of pharma companies spends huge amount of money on research and development. There are number of small biotech Companies in US, Europe and Japan who help major pharma companies to develop promising drugs. In India there are no small companies that provide services of this kind in the pharmaceutical Industry. Kolar has retained the services of very reputed scientists/ biotech engineers who have been actively involved in this field. Beginning has already been made, the benefits of which will be seen in the ensuing years. During the year 2003, the name of the company was changed to Kolar Ltd which was later on changed into its present name i.e. Kolar Biotech Ltd.