History & Timeline

2005

In 2005, the company filed its first Drug Master File (DMF) with the USFDA, marking a significant milestone in ensuring compliance with international regulatory standards. This year also saw the start of manufacturing with a capacity of producing 40,000 bottles per day, laying the foundation for future growth.

2005

2007

In 2007, the company expanded its reach by filing a DMF with the Canadian regulatory authorities, increasing its global footprint. The same year, the closure business was launched, providing a diverse range of solutions in packaging, further solidifying its position in the market.

2007

2008

The company experienced significant growth in 2008, increasing its production capacity to 200,000 bottles per day. This expansion was crucial in meeting growing demand and strengthening its position as a leading player in the packaging industry.

2008

2012

In 2012, the company opened its Pithampur plant, which became a hub for increased production. Additionally, the acquisition of land and a building at Goa SEZ set the stage for further expansion in the region, ensuring the company’s future growth potential.

2012

2015

In 2015, the company secured strategic investment from Tata Capital Healthcare Fund. This investment supported its expansion plans, enhancing its ability to innovate and scale operations in the rapidly growing pharmaceutical packaging sector.

2015

2016

The acquisition of Farmako Packaging in Hyderabad in 2016 allowed the company to expand its production capabilities and enhance its market presence. Additionally, the first global expansion was initiated with a joint venture in China with Humanwell Group, marking a milestone in the company’s international growth.

2016

2017

In 2017, the company received a strategic investment from HBM Partners, Switzerland, fueling its global expansion. This year also saw the acquisition of Four M Propack in Baddi, strengthening its footprint in the domestic market and expanding its portfolio of packaging solutions.

2017

2018

In 2018, the company expanded its operations to the US, establishing a presence in New Jersey to cater to the growing North American market. The Ujjain plant also underwent significant expansion, boosting its production capacity to meet global demand.

2018

2019

In 2019, the company ventured into the ophthalmic packaging business, diversifying its product offerings. The Hyderabad and Pithampur plants also saw expansion to support this new business segment and accommodate growing market demands.

2019

2021

The opening of the Ahmedabad plant in 2021 marked a strategic move to enhance the company’s production capabilities. This new facility enabled the company to better serve regional and global clients, expanding its operational footprint.

2021

2022

In 2022, the company made a significant acquisition of Parekh Plast India Ltd., a leading packaging manufacturer. This acquisition strengthened the company’s capabilities in packaging solutions, allowing for enhanced product offerings and expanding its market reach.

2022