Omega Laboratories (OLL) was incorporated in Apr.'86 as a private limited company and converted into a public limited company in Jun.'92. It was promoted by chairman and managing director N K Gupta and his associates. OLL manufactures life-saving and general drugs at Ghaziabad. In Oct.'93, OLL came out with a public issue of 45 lac equity shares aggregating Rs 4.5 cr to finance additional capacity to manufacture capsules, tablets, ointments and syrups. The proposed location of the unit was the Vapi Industrial Area in Dadra & Nagar Haveli. The estimated project cost was Rs 6.84 cr.