Alembic Group Stocks

The Alembic Group, an Indian conglomerate headquartered in Vadodara, Gujarat, has a rich history dating back to its establishment in 1907 by Prof. T.K. Gajjar, Prof. A.S. Kotibhasker, and B.D. Amin. Originally known as Alembic Chemical Works Company Ltd, it began its journey with a focus on producing tinctures, alcohol, vitamins, and penicillin and later shifted to active pharmaceutical ingredients (API).

Over the years, Alembic Group has played a significant role in various industrial sectors. In response to supply chain disruptions from Europe during World War II, Alembic ventured into manufacturing glass bottles in 1943. This initiative led to the incorporation of Alembic Glass Industries Ltd. in 1944, later renamed Shreno Ltd. in 2005, to distinguish itself from the pharmaceutical business. The group’s diversification included the launch of YERA, India’s largest glassware brand, in 1958.

In 2010, Alembic Group underwent a demerger, separating its pharmaceutical business into a distinct entity known as Alembic Pharmaceuticals Ltd. The group’s flagship company now stands as the oldest pharmaceutical company in India.

The group’s scope extended beyond pharmaceuticals. In 2009, Alchemy Real Estate, the real estate arm of Alembic Group, emerged, focusing on developing residential townships, industrial plants, schools, commercial offices, and hospitals, primarily in Gujarat. Alchemy Real Estate launched its inaugural project in Bengaluru, Karnataka, in November 2014, expanding its horizons.

The Alembic Group is a diversified Indian conglomerate with activities spanning several industries: 

1. Chemicals: Alembic group is actively involved in the chemicals sector through Paushak Ltd, showcasing its presence in the industry.
2. API & Intermediates: Alembic Ltd and Alembic Pharmaceuticals Ltd are key players representing the Alembic group’s involvement in the API & Intermediates sector.
3. Real Estate: Alembic Real Estate Ltd stands as a testament to the Alembic group’s significant presence in the real estate industry.
4. Engineering: Sherno Ltd, under the Alembic group, contributes to the engineering sector, emphasising the group’s diversified business activities.
5. Consumer Glass: Sherno Ltd, part of the Alembic group, establishes the group’s foothold in the consumer glass industry.
6. Power Generation: Alembic Ltd plays a role in power generation, reflecting the Alembic group’s engagement in the energy sector.

• Chirayu Amin, Chairman – Alembic Group

Mr. Chirayu Amin, an M.B.A. graduate from the U.S.A., has been with the company since 1967 and currently serves as its Chairman. His leadership has steered the company to maintain consistent sales growth amid tough competition in the pharmaceutical industry. Mr. Amin has held various leadership roles in organisations such as FICCI-New Delhi, the International Chamber of Commerce (India Chapter), and the All India Organisation of Employers. He is also affiliated with the World Presidents’ Organization in the U.S.A. and is a Committee Member for the Federation of Gujarat Industries and FICCI.

• Malika Amin, Managing Director and CEO – Alembic Ltd

Mrs. Malika Amin serves as the Managing Director and Chief Executive Officer of the company. Holding a Master of Arts degree, she joined the organisation in 1988 and boasts over 30 years of expertise in managing business strategy, administration, and human resources.

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