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Sanofi India Ltd.

BSE: 500674 Sector: Health care
NSE: SANOFI ISIN Code: INE058A01010
BSE 00:00 | 15 Oct 5902.10 5.95
(0.10%)
OPEN

5907.25

HIGH

5930.00

LOW

5806.45

NSE 00:00 | 15 Oct 5893.10 13.55
(0.23%)
OPEN

5879.00

HIGH

5927.15

LOW

5850.00

OPEN 5907.25
PREVIOUS CLOSE 5896.15
VOLUME 402
52-Week high 6584.00
52-Week low 5300.00
P/E 34.96
Mkt Cap.(Rs cr) 13,593
Buy Price 5870.00
Buy Qty 5.00
Sell Price 5930.00
Sell Qty 30.00
OPEN 5907.25
CLOSE 5896.15
VOLUME 402
52-Week high 6584.00
52-Week low 5300.00
P/E 34.96
Mkt Cap.(Rs cr) 13,593
Buy Price 5870.00
Buy Qty 5.00
Sell Price 5930.00
Sell Qty 30.00

Sanofi India Ltd. (SANOFI) - Company History

Sanofi India Limited previously known as Aventis Pharma Limited is amongst the leading multinational companies in the Indian Pharmaceutical Market. It offers a wide array of medicines for therapy areas such as Diabetes Cardiology Thrombosis Central Nervous System and Antihistamines. The products manufactured by the company are distributed in India and exported to many developed as well as developing countries including Germany Australia UK Russia and Italy. Sanofi India's products viz. Lantus Combiflam Amaryl and Allegra feature in the top 100 pharmaceutical brands in India. The company has its own manufacturing facility at Goa and Ankleshwar Gujarat. The company also has various independent contract/third party manufacturers based across the country.Sanofi one of the world's leading pharmaceutical companies and its 100% subsidiary Hoechst GmbH are the major shareholders of Sanofi India Limited and together hold 60.4% of its paid-up share capital. The company was incorporated in May 1956 under the name Hoechst Fedco Pharma Private Limited. Over the years its name was changed to Hoechst Pharmaceuticals Private Limited Hoechst India Limited Hoechst Marion Roussel Limited Aventis Pharma Limited and Sanofi India Limited.During the year 1997-98 the joint venture company Chiron Behring Vaccines Pvt Ltd started to manufacture anti-rabbies vaccine 'Rabipur'. Roussel India Ltd was amalgamated with the company with effect from April 1 1997 and Hoechst Nepal (Pvt) Ltd a subsidiary company in Nepal has been wound up during the year. During the year 1999-2000 Aventis has launched anti-diabetic Amaryl broad spectrum anti-infective Tavanic and line extension of anti-hypertensive Cardace H. In the year 2001 Rhone-Poulenc Rorer (India) Pvt Ltd was amalgamated with the company. The company name was changed from Hoechst Marion Roussel Ltd to Aventis Pharma Ltd with effect from July 11 2001. In July 2003. the company launched Lantus the world's first and only once a day insulin and in December 2003 Actonel designed for the treatment of osteoporosis was launched.In the year 2004 the company came under the control of Sanofi-Synthelabo now called sanofi-aventis which acquired indirect control 50.1% of the company's paid-up share capital. In the year 2006 the company completed the project for setting up additional facilities for manufacturing Combiflam Tablets in Ankleshwar Gujarat.In the year 2007 the company launched Cardace H 10 mg as a comprehensive cardiovascular treatment option in hypertension at risk patients. In May 2007 the company launched a line extension Amaryl M. A new granulation train dedicated for production of Combiflam tablets was installed in Ankleshwar. This product which was being manufactured partly in a toll manufacturing site is now planned to be manufactured entirely in Ankleshwar.In April 2008 the company launched a new prefilled diaposable insulin pen SoloStar for use with the 24-hour insulin Lantus. This disposable insulin pen is to be used for the treatment of hyperglycemia in people with type 1 or type 2 diabetes.On 13 December 2010 Aventis Pharma Ltd announced that it has agreed with its joint venture partner Novartis Vaccines & Diagnosics Inc. to sell its 49% shareholding in Chiron Behring Vaccines Private Limited (CBVPL) to Novartis Pharma AG and exit the joint venture. The purchase price agreed to be paid is US Dollars 22.399 million. Simultaneously Aventis Pharma has agreed to continue to provide certain utilities and services to the Ankleshwar plant of CBVPL for a period of three years from the date of closing on mutually terms. CBVPL manufactures the anti-rabies vaccine Rabipur at its plant in Ankleshwar which was until February 2009 distributed in India by Aventis Pharma and is presently distributed by Novartis Healthcare Private Limited. On 27 December 2010 Aventis Pharma Ltd announced that it has completed the sale of its 49% shareholding in Chiron Behring Vaccines Private Limited to Novartis Pharma AG. The company received sale consideration of Rs 100.75 crore (equivalent to US Dollars 22.399 million).On 24 August 2011 Aventis Pharma Limited (part of the Sanofi Group) announced that it has entered into a definitive agreement to acquire Universal Medicare Private Limited's business of marketing and distribution of branded nutraceutical formulations in India. Also approximately 750 commercial employees will transition to Aventis Pharma Ltd. The transaction has been approved by the Boards of Directors of both companies. It is expected to close in the fourth quarter of 2011 subject to certain conditions precedent. Universal Medicare (headquartered in Mumbai India) manufactures markets and distributes branded nutraceutical formulations in India through their sales and marketing infrastructure. With this acquisition Aventis Pharma will advance its sustainable growth strategy in India and facilitate the creation of a consumer healthcare and wellness platform.The Registrar of Companies approved the company's change of name from Aventis Pharma Limited to Sanofi India Limited with effect from 11 May 2012. The shareholders of the company had earlier approved the name change at the Annual General Meeting held on 3 May 2012. The decision to change the name of the Group's listed entity in India comes a year after the name of the parent company was changed globally from sanofi-aventis to Sanofi in May 2011.On 9 October 2012 Sanofi India Limited announced the launch of AllStar its first indigenously manufactured re-usable insulin pen.On 14 February 2013 Sanofi India Limited announced the launch of Combiflam Plus a targeted fast and effective solution for headaches which is also gentle on the stomach. A line extension of one of Sanofi India's flagship brand Combiflam the launch of this new product marks the company's foray into the OTC headache segment in India.On 11 November 2014 Sanofi India announced that its Board of Directors has approved of the company selling its commercial premises being five floors and corresponding car-parking spaces in the building known as Hoechst House situated at Nariman Point Mumbai to Bright Star Investments Private Limited and its Group companies for a total consideration of Rs 134.25 crore.On 21 July 2015 Sanofi India announced that its Board of Directors has approved of the company selling its commercial property being land and building at Andheri Mumbai for a consideration of Rs 111 crore. The transaction is expected to be completed in the quarter ending 30 September 2015.In August 2017 the first OTC extension of the iconic brand Combiflam was launched in the topical pain care space with the name Combiflam Icy Hot.12 February 2018 Sanofi India announced the launch of its new insulin product Toujeo. Toujeo is a once-daily long-acting basal analog insulin that improves glycemic control in adults with type 1 and type 2 diabetes.