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Cadila was founded in 1952 by Ramanbhai Patel (1925–2001), formerly a lecturer in the L.M. College of Pharmacy, and his business partner Indravadan Modi. [8]In 1995, the Patel and Modi families split; the Modi family's share was moved into a new company called Cadila Pharmaceuticals, and Cadila Healthcare became the Patel family's holding company.
Cadila Pharmaceuticals is an Indian multinational pharmaceutical company based in Ahmedabad. The company's operations focus on manufacturing products ranging from active pharmaceutical intermediates , finished formulations , food supplements, biotechnology products and pharmaceutical machinery.
In 2006, Cadila Healthcare acquired a 14.96% stake in the company. [10] Cadila's stake in the company increased to over 70% in 2008, after the merger of Cadila's consumer goods business, which included sugar substitute brand Sugar Free and EverYuth range of skincare products, into Carnation. [11]
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The Pharmaceutical industry in Gujarat ranks number one in India with a 33% share in drug manufacturing and a 28% share in ... Ltd., Cadila Pharmaceuticals Ltd., Sun ...
In 1995, after a disagreement between Patel and Modi, Cadila Laboratories was restructured with the business being split two ways. Cadila Healthcare was set up to take the Patel's share of the business and Cadila Pharmaceutical took Modi's share. Patel was chairman and managing director of Cadila Healthcare until his death.
When he took over the Cadila Healthcare, he was faced with two challenges: His was a Rs 200-crore company whereas his overheads including management, research, company expenses, and staff worked out to Rs 400 crore. It was difficult to make two ends meet. [4] They were the first Indian company to develop a drug for high-cholesterol diabetics.
Cadila Pharmaceuticals Ltd: Ahmedabad: Pharmaceuticals: 21 Chemcon Speciality Chemicals Ltd Vadodara: ... Mangalam Drugs and Organics Ltd Ahmedabad: Pharmaceuticals