Alembic Pharmaceuticals Ltd.
Overview
Alembic Pharmaceuticals Ltd. is an Indian multinational drug company headquartered in Vadodara city of Gujarat – India. Alembic Pharmaceuticals Ltd. is involved in the production of pharmaceutical products, pharmaceutical substances, and intermediates. it’s also named as a market leader within the macrolides segment of anti-infective drugs in India.

The company has self-owned its headquarters and company Office situated in Vadodara, Gujarat – India while its manufacturing facilities are located at Panelav, Karakhadi in Gujarat, and Sikkim, India. Its Panelav plant houses mobile pharmaceutical ingredients (APIs) and formulation manufacturing, while its Sikkim plant is involved within the manufacture of formulations for Indian and non-regulated export markets.
History
Alembic Pharmaceuticals Ltd. initially started as Alembic Chemical Works where it started manufacturing tincture and alcohol at its unit at Vadodara in 1907. the corporate eventually entered into manufacturing cough syrups, sulfur drugs, tonics, and vitamins. Further, Alembic entered into the assembly of penicillin within the 1960s. This dedicated Alembic plant for the manufacture of penicillin was inaugurated by Lal Bahadur Shastri within the year 1961, the then Prime Minister of India. Alembic soon also initiated bulk production of vitamin B12.

In the antibiotic section, soon after the initiation of penicillin manufacture, Alembic began the assembly of erythromycin in 1971 for the primary time in India. Alembic also incorporated and launched the ‘Althrocin’ brand of erythromycin. within the year, 1997, Althrocin became the top-selling brand of erythromycin in India. In 2000, Alembic received ISO 14000 certification for its Vadodara facility.

In 2010, Alembic Pharmaceutical Ltd. demerged from Alembic Ltd. after the allotment of 133,515,914 equity shares of ₹2 each to the shareholders of Alembic Ltd. This made the shareholding of Alembic Ltd. in Alembic Pharmaceutical reduce from 100% to 29.18%. In 2011, the equity shares of Alembic Pharmaceuticals Ltd. were listed on the Bombay stock market and National stock market of India.