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The Company was originally incorporated as private limited company on 25.09.87 and was subsequently converted into a Public Limited Company on 22.08.88.The business Company was originally formed as a partnershipfirm under the name Indocure Therapeutics. The firm acquired a sick pharmaceutical Industry through auction from APSFC. The name of the sick Industry acquired is M/s Pam Industries and it was acquired in December 1985 by M/s. Indocure Therapeutics a partnership firm at a coat of Rs. 3.60 lacs through auction from APSFC under section 29 of SFCs Act and no liabilities/sickness of the sick industry were transferred to the firm. The names of the partners of M/s Indocure Therapeutics were Mr. P Sambasiva Raju and Mr. D. Krishna Kumar Raju and are also promoter directors of the company. Subsequently Mr. P Sambasiva Raju has resigned as director for personal reasons. No revaluation of the fixed assets took place at the time of take over. The firm was taken over by Neocure Therapeutics Pvt. Ltd. on 25.09.87. The company has commenced its commercial operations on 5.11.1987 during the initial years of operation the company could not do well due to insufficient working capital funds. In 1989 the Board of Directors was reconstituted.