PI Industries Limited Incorporates Wholly Owned Subsidiary
September 04, 2021 at 08:10 am EDT
Share
PI Industries Limited has got incorporated a wholly-owned subsidiary in the name and style of 'PI Health Sciences Limited' on September 03, 2021 vide certificate of incorporation granted by Central Registration Centre, Manesar with an authorized share capital of INR 10,000,000 divided in to 1,000,000 equity shares of INR 10 each with objective to manufacture, formulate, process, develop, refine, import, export, wholesale, contract manufacture, and or retail trade all kinds of pharmaceuticals, antibiotics, bulk drugs, intermediates, medicines, biologicals, biotechnological products monoclonal antibodies, genetic engineering products, tissue culture products, herbs, cosmetics, toiletries nutraceuticals, healthcare, ayurvedic and dietary supplement products, medicinal preparations, vaccines, chemicals, chemical products, and also to deal in medicinal goods such as surgical instruments, photographic goods, oils, perfumes, cosmetics, patent medicines, soaps, artificial limbs, hospital requisites, proprietary medicines, veterinary drugs & medicines and tinctures extracts and to carry on the business of vialling, bottling, repacking, processing of tablets, capsules, syrups, injections, ointments, etc.
PI Industries Limited is a holding company. The Company is engaged in the manufacturing and distribution of agro chemicals. The Company operates through two segments: Agro chemicals, and Pharma. The Agro chemicals segment includes Agchem exports (CSM) and Domestic Agri Brands. The Pharma segment comprises contract research and development, contract development and manufacturing of active. It also includes materials and intermediates used in the pharmaceutical industry. The Company offers services, such as research and development services, CSM services, distribution services. The research and development services comprise target, discovery, molecule design, library synthesis, lead optimization, biological evaluation and route synthesis. It also provides Shield (fungicide) and Londax Power (rice herbicide) products. It offers services in areas, such as contract research, process development, analytical method development, process safety data generation and detailed process engineering.