Zandu Care Limited (formerly Zandu Pharmaceutical Works Limited)[4] is an Indian multinational pharmaceutical company based in Kolkata.[5] Its core business is manufacturing and dealing in Ayurvedic and medicinal preparations and owned by Emami.
History
Established in 1910 by Prabhashankar Pattani, Prime Minister of the erstwhile state of Bhavnagar with Zandu Bhatt, Zandu went public in 1919 with the issuance of stocks.[6]
The company derives its name from Vaidhya Zandu Bhattji, the original founder of the firm named Zandu Pharmaceuticals. He was a renowned Vaidhya not only of Gujarat but India in late 19th century and early 20th century. The Vaidhya family's stake has been sold to Emami in 2008 for ₹730 crores [7]
References
- Zandu Realty Ltd Bloomberg, retrieved 2015-07-08^
- Sandeep Jhunjhunwala Bloomberg^
- Zandu : Our Network Zanduayurveda.com, retrieved 2010-07-27^
- Zandu Pharmaceutical Works Limited (506720) Company Profile CorporateInformation.com, retrieved 2010-07-27^
- Anuradha. Emami group to restructure Zandu Pharma business The Economic Times, 30 March 2009, retrieved 3 February 2019^
- Zandu: More on Us Zanduayurveda.com, retrieved 2016-02-16^
- Emami had earlier picked up the Vaidya family's stake in Zandu, while the Parikhs were trying to shelve Emami's takeover bid. Reuters, retrieved 3 July 2017^