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Alembic Group

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Alembic Group
BSE: 506235
NSE: ALEMBICLTD[1]
IndustryConglomerate
Founded1907; 117 years ago (1907)
FounderProf. T. K. Gajjar
Prof. A. S. Kotibhasker
B. D. Amin
HeadquartersVadodara, Gujarat, India[2]
Area served
Worldwide
Key people
Chirayu Amin (Chairman)
Malika C. Amin (MD)
Udit Amin (Director)
Products
RevenueIncrease ₹ 1524.06 million (2015-2016)[3]
Increase ₹ 246.7 million (2015-2016)[3]
Number of employees
319,000[1]
Subsidiaries
Websitewww.alembiclimited.com

Alembic Group is an Indian conglomerate headquartered in Vadodara. It was founded in 1907[5] and was initially known as Alembic Chemical Works Company Ltd. The company was founded by T. K. Gajjar, A. S. Kotibhaskar and B. D. Amin.[6] It is one of the oldest industrial houses in India and has a diversified portfolio of business.[2] Their major businesses include, pharmaceuticals, healthcare, engineering, chemicals[1] and glassware production. In 2014–2015, the market cap of Alembic Group was ₹9,578 crore while its turnover was ₹2,200 crore.[2]

History

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Alembic Group initially began with primary focus on production of tinctures, alcohol, vitamins, penicillin, and eventually active pharmaceutical ingredients (API) thus majorly having a brief focus on the pharmaceutical business. However, in 2010, the group demerged its pharmaceutical business, thereby making it to be separate entity called Alembic Pharmaceuticals Ltd.[7]

Subsidiaries

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This section lists the various businesses under Alembic Group.

Pharmaceutical

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The Alembic Pharmaceuticals Ltd. is a public listed company belonging to the Alembic Group. It is involved in manufacture of pharmaceutical substances, pharmaceutical products and intermediates.[8]

Real estate

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Alchemy Real Estate is the real estate arm of Alembic Group and is involved in developing residential townships, industrial plants, schools, commercial offices and hospitals majorly in the state of Gujarat. In November 2014, Alchemy Real Estate launched its first project in the city of Bengaluru – Karnataka.[9]

Glassware

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Shreno Ltd. formerly known as Alembic Glass Industries Ltd. is a business of Alembic Group dedicated to glassware manufacturing.[10] Shreno Ltd. is involved in manufacture of table glassware under its brand name Yera Glassware.[11][12]

Philanthropy

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Schools

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The Alembic Group through its Uday Education Trust has established Alembic Group of Schools. The group has five schools which aid in providing affordable and high quality education to children based in Vadodara and Bangaluru. The Schools established are enlisted below.[13]

Hospitals

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Alembic Group has established Bhailal Amin General Hospital (BAGH), a tertiary care multi-specialty hospital in Vadodara. BAGH is the only hospital approved by the state and the central government of India to conduct cardiac treatment, surgery, kidney transplants/surgery and cadaver transplants.[12]

References

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  1. ^ a b c "Alembic Ltd, ALEMBICLTD:NSI profile - FT.com". markets.ft.com. Retrieved 24 December 2021.
  2. ^ a b c "Alembic launches realty project in Bengaluru – Business Standard". 14 November 2014. Retrieved 28 March 2017.
  3. ^ a b "Annual Report 2015-2016" (PDF). Retrieved 28 March 2017.
  4. ^ "Real Estate Builders In Bangalore, Vadodara | Alembic Real Estate". Retrieved 28 January 2023.
  5. ^ "Alembic Pharmaceuticals Ltd. History Information". Business Standard India. Retrieved 24 December 2021.
  6. ^ "Alembic History | Alembic Information". The Economic Times. Retrieved 24 December 2021.
  7. ^ "How the Amin family scions changed Alembic's fortunes – Forbes India". Retrieved 28 March 2017.
  8. ^ "Alembic Pharma Reports - NDTVProfit.com". Retrieved 28 March 2017.
  9. ^ "Alembic group forays into Bengaluru's real estate market – The Times of India". The Times of India. 18 November 2014. Retrieved 28 March 2017.
  10. ^ "Glass on Web – Directory". Retrieved 28 March 2017.
  11. ^ "Yera [Shreno Ltd] : Glass Division – India Catalog". Retrieved 28 March 2017.
  12. ^ a b "We help people become self-reliant through their own efforts – Financial Express". 4 November 2014. Retrieved 28 March 2017.
  13. ^ "Tiny hands give 2.5 tonnes push to 'Pasti' campaign – The Times of India". The Times of India. 10 December 2015. Retrieved 28 March 2017.
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