Vardhaman Laboratories Ltd. Company History and Annual Growth Details

HISTORY & PRESENT BUSINESS OF THE COMPANY

VARDHAMAN LABORATORIES LTD. was incorporated on 24th April, 1985 under the Companies Act, 1956, in the State of Maharashtra as VARDHAMAN LABORATORIES PRIVATE LIMITED and subsequently converted into a Public Limited vide special Resolution dated 15th October, 1993 and obtained a fresh certificate of Incorporation to change of name on 7th December, 93 as VARDHAMAN LABORATORIES LIMITED, from the registrar of Companies Maharashtra, Bombay. Consequent on e conversion of the company from Pvt. Ltd. to Public Ltd.

At present the Company is engaged in manufacturing varieties of formulations and marketing under the brand name of 'SAMRAT', gained sizable popularity in the area of Western Maharashtra and Southern part of India.

The Company started its operation on a small scale basis and during this time was also in the process of identifying a viable project in the Pharmaceutical industry. After a thorough and exhaustive study, the project for manufacturing the Bulk Drugs as mentioned above was conceived in December1993.

2004
-Board recommends dividend of 42%.

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