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Major corporate events (Milestone)
Year Events

1950 Pfizer enters India through a company named Dumex
1958 Dumex is taken over by Pfizer; and renamed Pfizer. Pfizer is a 40% subsidiary of Pfizer Inc, US. Pfizer products enter India through Dey’s Medical Stores and subsequently through Ravisions. Establishes 100% subsidiary, Duchem Laboratories, to market some of its formulations
1960 Pfizer establishes a large, modern plant in Thane, which houses manufacturing, quality control and research facilities
1961 Pfizer commissions India’s first fermentation plant in Chandigarh for the basic manufacture of tetracycline and oxytetracycline
1996 Sells bulk drug plant in Kalyani to Dabur
2000 In July, the company allots 1:1 bonus shares, increasing the paid-up equity capital to Rs234.4m
2005 Amalgamates with Pharmacia Healthcare and receives the High Court of Mumbai’s approval to do so
Pfizer

Pfizer-Organisation Chart

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