Elder Pharmaceuticals Ltd is a pharmaceutical company headquartered in

Mumbai Mumbai (, ; also known as Bombay — List of renamed Indian cities and states#Maharashtra, the official name until 1995) is the capital city of the Indian States and union territories of India, state of Maharashtra and the ''de facto'' fin ...

, Maharashtra. Its main activities include the manufacturing and marketing of prescription pharmaceutical brands, surgical and medical devices. Its largest presence in three therapeutic segments, Women's Healthcare, Wound Care and Nutraceuticals. It has 6 manufacturing plants in

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

& 1 in

Nepal Nepal (; ne, :ne:नेपाल, नेपाल ), formerly the Federal Democratic Republic of Nepal ( ne, सङ्घीय लोकतान्त्रिक गणतन्त्र नेपाल ), is a landlocked country in S ...

. It manufacture various dosage forms like tablets, capsules, syrups, injectables, topical creams and ointments.

History

In 1989, Jagdish Saxena formed Elder Pharmaceuticals in

. The first manufacturing plant was set up in 1989 at

Nerul Nerul (Pronunciation: eɾuːɭ is an upmarket residential and commercial node in Navi Mumbai, Maharashtra, India. Nerul is located in the Harbour Line, Trans-Harbour Lines and Nerul-Uran Line of Mumbai local train network where Kharghar ...

. It was listed on

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange i ...

and National Stock Exchange in 2000. It was founded by Saxena, when he lost his job due to the shut down of the pharma division of a company for which he was working. On 13 Dec 2013 Torrent Pharmaceuticals Ltd has signed a definitive deal to acquire the branded domestic formulations business in India and Nepal of Elder Pharmaceuticals Ltd for Rs 20 billion. Even after his death in 2013, The name of Jagdish Saxena and Elder is still considered highly prestigious. Saxena is considered as one of the visionary Pharmaceutical leaders of India. In October 2017, the MD Alok Saxena died at the age of 52. The rerise of Elder is now resting on the shoulders Jagdish Saxena's second son Anuj Saxena, who is yesteryear a TV actor and daughter Shalini Saxena Kumar, who is an entrepreneur.

References

External links

Elder Pharma, Shahnaz Husain ink pact to launch 4 skin care product in 2006-07Elder Pharma forays into NRT segment
* ttp://www.moneycontrol.com/news/business/elder-pharmatalksjapanese-cos-to-supply-bulk-drug_511348.html Elder Pharma gets Japanese approval for API facilitybr>Company History - Elder Pharma
{{Authority control Pharmaceutical companies of India Pharmaceutical companies established in 1989 Manufacturing companies based in Mumbai 1989 establishments in Maharashtra Indian companies established in 1989 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange