>Joppa Chong at 22:12, 2 September 2021

2021-09-02T22:12:09Z

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{{EngvarB|date=May 2014}}
{{Use dmy dates|date=May 2014}}

{{Infobox company
| name = Elder Pharmaceuticals
| logo = Elder Pharma logo.jpg
| caption =
| type = Public company ({{BSE|532322}}; {{NSE|ELDERPHARM}})
| genre =
| fate =
| predecessor =
| successor =
| foundation = {{Start date and age|1989}}<ref>{{cite web|url=http://www.elderindia.com/corporate.asp |title=Elder : Corporate - Introduction |publisher=Elderindia.com |accessdate=8 January 2011 |url-status=dead |archiveurl=https://web.archive.org/web/20101229130352/http://elderindia.com/Corporate.asp |archivedate=29 December 2010 |df=dmy }}</ref>
| founder = Mr. Jagdish Saxena
| defunct =
| location_city = [[Mumbai]], [[Maharashtra]]<ref>{{cite web|url=http://www.elderindia.com/contact.asp |title=Elder Contact |publisher=Elderindia.com |accessdate=8 January 2011 |url-status=dead |archiveurl=https://web.archive.org/web/20101216001446/http://elderindia.com/contact.asp |archivedate=16 December 2010 |df=dmy }}</ref>
| location_country = India
| locations =
| area_served =
| key_people = Founder (Late) Jagdish Saxena
| industry = [[Pharmaceuticals]], [[Drugs]] & healthcare
| products = Medicines and [[Vaccines]]
| services =
| revenue = {{profit}} [[Indian rupee|₹]] 16,743 million (2013)<ref name="Elder12">{{cite web |url=https://www.moneycontrol.com/download-annual-report/elderpharmaceuticals/EP9/0613?classic=true |title=BSE Plus |publisher=moneycontrol.com |accessdate=21 December 2020 |archive-date=30 March 2013}}</ref>
| operating_income = {{profit}} [[Indian rupee|₹]] 823 million (2013)<ref name="Elder12" />
| net_income = {{profit}} [[Indian rupee|₹]] 937 million (2013)<ref name="Elder12" />
| assets = {{profit}} [[Indian rupee|₹]] 24,924 million (2013)<ref name="Elder12" />
| equity = {{profit}} [[Indian rupee|₹]] 7,691 million (2013)<ref name="Elder12" />
| owner = [[Cipla|Promoter group]] (34.4%)<ref name="Elder12" />
| num_employees = 4300<ref>{{cite web |url=http://www.dancewithshadows.com/pillscribe/elder-pharma-is-hiring-1000-sales-staff-to-tap-indias-rural-market-reports/ |title=Elder Pharma hiring 1,000 sales staff to tap India's rural market, pharma jobs in India Elder Pharma employment | DWS Pill Scribe |publisher=Dancewithshadows.com |date=19 April 2010 |accessdate=8 January 2011 |archive-url=https://web.archive.org/web/20100426121912/http://www.dancewithshadows.com/pillscribe/elder-pharma-is-hiring-1000-sales-staff-to-tap-indias-rural-market-reports/ |archive-date=26 April 2010 |url-status=dead }}</ref>
| parent =
| divisions =
| subsid = NeutraHealth,<ref>{{cite news|url=http://www.livemint.com/2010/09/16180814/Elder-Pharma-to-buy-UK8217s.html |title=Elder Pharma to buy UK’s NeutraHealth for $19.1 mn - Corporate News |work=Mint |date=16 September 2010 |accessdate=8 January 2011}}</ref> Elvista<ref>{{cite news|url=http://www.dnaindia.com/money/report_elder-pharma-backs-out-of-ghana-venture_1334951 |title=Elder Pharma backs out of Ghana venture - Money |work=Daily News and Analysis|date=15 January 2010 |accessdate=8 January 2011}}</ref>
| homepage = https://www.elder-india.com/
| footnotes =
}}

'''Elder Pharmaceuticals''' Ltd is a pharmaceutical company headquartered in [[Mumbai]], [[Maharashtra]].<ref>{{cite web|url=http://www.business-standard.com/india/news/elder-pharma-gets-japanese-approval-for-api-facility/120889/on |title=Elder Pharma gets Japanese approval for API facility |publisher=Business-standard.com |date=3 January 2011 |accessdate=8 January 2011}}</ref> 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]] & 1 in [[Nepal]]. It manufacture various dosage forms like tablets, capsules, syrups, injectables, topical creams and ointments.<ref>{{cite web|url=http://www.rediff.com/money/2004/jul/31spec2.htm |title=How Elder Pharma was born |publisher=Rediff.com |date=31 July 2004 |accessdate=8 January 2011}}</ref>

==History==
In 1989, Jagdish Saxena formed Elder Pharmaceuticals in [[Mumbai]]. The first manufacturing plant was set up in 1989 at [[Nerul]]. It was listed on [[Bombay Stock Exchange]] and [[National Stock Exchange of India|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.<ref>{{cite web|url=http://www.elderindia.com/corporate_history.asp |title=Elder: Corporate History /Corporate Background |publisher=Elderindia.com |accessdate=8 January 2011 |url-status=dead |archiveurl=https://web.archive.org/web/20101216030535/http://elderindia.com/corporate_history.asp |archivedate=16 December 2010 |df=dmy }}</ref>

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.<ref>{{Cite web|url=https://indianaffairs.tv/the-visionary-entrepreneur-of-elder-pharma-late-jagdish-saxena-was-a-man-of-emotions-a-compassionate-leader/|title=The Visionary Entrepreneur of Elder Pharma late Jagdish Saxena was a man of emotions & a compassionate leader. Remembering the leader! – Indian Affairs}}</ref>

Also in 2015, news broke out of a fight within the promoter family. It put the daughter (Shalini Saxena Kumar) and Wife (Sneh Saxena) of Jagdish Saxena against his two Sons (Late Alok Saxena and Anuj Saxena). The initial case filed by Anuj Saxena against his sister was declined and didn't give him interim relief from the court order on 28 August 2015. It was contended that Anuj has two other residential properties and could not back his claims, according to the order posted on the court website. "Plaintiff has not brought on record any untoward incident to show that defendants had in fact tried to dispossess him from the suit bungalow. Mere apprehension of dispossession and that too from his mother having age of 70 years is not sufficient to grant ad interim relief as prayed for."<ref>[https://url?sa=i&url=https%3A%2F%2Feconomictimes.indiatimes.com%2Fmagazines%2Fpanache%2Felder-pharma-family-feud-pits-sister-against-brothers%2Farticleshow%2F48261150.cms&psig=AOvVaw0Uf-_7bhP30yiAyLUTU9uC&ust=1615097388403000&source=images&cd=vfe&ved=0CA0QjhxqFwoTCKDY6uKAm-8CFQAAAAAdAAAAABAD]{{dead link|date=April 2021}}</ref>
ref>{{cite web | last=Saxena | first=Aditi | title=Feud a bitter pill for Elder Pharma family | website=The Economic Times | date=2015-04-16 | url=https://economictimes.indiatimes.com/magazines/panache/feud-a-bitter-pill-for-elder-pharma-family/articleshow/46942551.cms | access-date=2021-04-14}}</ref>

In October 2017, the MD Alok Saxena passed away at the age of 52.<ref>{{Cite web|url=https://www.business-standard.com/article/companies/elder-pharma-cmd-saxena-passes-away-113101000946_1.html|title=Elder Pharma CMD Saxena passes away|first=Reghu|last=Balakrishnan|date=10 October 2013|via=Business Standard}}</ref>
The rerise of Elder is now resting on the shoulders Jagdish Saxena’s second son Anuj Saxena, who is a TV actor and daughter Shalini Saxena Kumar, who is an entrepreneur.

==References==
{{Reflist}}

==External links==
*[http://www.pharmabiz.com/article/detnews.asp?articleid=31862&sectionid=45 Elder Pharma, Shahnaz Husain ink pact to launch 4 skin care product in 2006-07]
*[http://www.indiainfoline.com/Markets/News/Elder-Pharma-forays-into-NRT-segment/4855492180 Elder Pharma forays into NRT segment]
*[http://www.indiaprwire.com/pressrelease/medical/2009071029101.htm Elder Pharmaceuticals sets up Elvista - A division dedicated to tap rural markets]
*[http://www.moneycontrol.com/news/business/elder-pharmatalksjapanese-cos-to-supply-bulk-drug_511348.html Elder Pharma gets Japanese approval for API facility]
*[http://economictimes.indiatimes.com/elder-pharmaceuticals-ltd/infocompanyhistory/companyid-3801.cms Company History - Elder Pharma]

{{Authority control}}

[[Category:Pharmaceutical companies of India]]
[[Category:Pharmaceutical companies established in 1989]]
[[Category:Manufacturing companies based in Mumbai]]
[[Category:1989 establishments in Maharashtra]]
[[Category:Indian companies established in 1989]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Elder Pharmaceuticals - Revision history

>Joppa Chong at 22:12, 2 September 2021