Incorporated in Apr.'94 as a private limited company, Memory Polymers was converted into a public limited company in Nov.'94. The company was promoted by N V Satyanarayana and G Narender. The company set up its unit in the Ranga Reddy district of Andhra Pradesh, to manufacture 2000 ltr pa of enbucrilate tissue adhesive, a sterile tissue adhesive for surgical wound closure. It came out with a public issue in Mar.'96 to part-finance the project.