Indoco Remedies Share price

Our HistoryWe were incorporated on August 23 1947 as Indoco Remedies Limited asa public company under the Indian Companies Act VII of 1913 and wasissued a Certificate for commencement of business on October 8 1947.In 1945 a Goan entrepreneur Mr. Govind Ramnath Kare who was in thebusiness of wholesale and retail trade of pharmaceuticals started afirm which he named Indo Continental Trading Company. The principalbusiness of this firm was to import pharmaceutical formulations fromEurope and distribute them in Western India. However in 1947 afterIndia became independent the new Government in its bid to encourageindigenous manufacturing of medicines banned import of severalformulations. Mr. G.R. Kare decided to venture into manufacturing ofpharmaceuticals. Accordingly a new Company was founded with the intentto manufacture and sell pharmaceutical formulations. Thus IndoContinental Trading Company became Indoco Remedies Limited. The Companywas incorporated with S.S. Ugrankar Mr. B K Naik Mr. A S Kamat Mr. KS Nayak Mr. V G Gaitonde Mr. N M Kamat Mr. R S Kamat and Mr. G RKare as the shareholders and S.S. Ugrankar Mr S K Ananda Rao Dr. M GCamotin Mr. E D Pai Raiturkar Mr. B K Naik Mr. VRN Rasaikar Mr. G RKare Mr. RS Kamat and Mr. V G Gaitonde as directors. Thereafter in1963 our present Chairman and Managing Director Mr Suresh G.Karetook over the management of the Company. The registered office of theCompany was located at 457 Dwarkadas Mansions Sandhurst Road BombayThis was changed to 101 Neelam Worii Seaface Road Abdul Gaffar KhanRoad Bombay 400 018 vide a board resolution dated August 15 1968which was subsequently changed to 18A Mahal Estate Mahakali CavesRoad Andheri (East) Mumbai - 400 093 vide a board resolution datedJune 1 1985 and an extra-ordinary general meeting dated May 24 1985.This was changed to the current location at 166 C.S.T. Road Santacruz(East) Mumbai - 400 098 India vide a board resolution dated December26 1999