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Posts Tagged ‘GlaxoSmithKline’

Major corporate events (Milestone)
Year Events

1924 Glaxo starts trading in India. Appoints HJ Foster & Co as its sole agent
1950 Renamed Glaxo Laboratories. SmithKline & French appoints its first medical representative
1956 Begins primary production of vaccines in Worli
1960 Manufactures infant food in the milk drying plant in Aligarh. Opens pharmaceutical manufacturing facility in Mumbai
1968 Registers as a limited company. Introduces animal health products
1969 Lists on the BSE. Indian shareholders acquire 25% of the company’s equity
1983 Glaxo Group’s equity falls from 75% to 40%. Commissions Nasik factory
1984 SmithKline & Beecham becomes a public limited company under the new name of Eskayef Limited. Establishes bulk drug unit in Mysore
1988 Commissions Hindustan Foods Limited, a joint venture for the manufacture of extruded foods in Usgao, Goa, in which Glaxo and its subsidiaries hold 20%
1993 Glaxo Group raises its equity from 40% to 51% in the pharmaceutical company
1994 Sells the family products division to HJ Heinz for Rs2.1bn. Transaction completed in October. Eskayef Limited renamed SmithKline Beecham Pharmaceuticals India Ltd. The Mysore plant receives ISO 9002 certification
1995 Glaxo Pharma declares a bonus 1:1 share
1997 Introduces a voluntary retirement scheme (VRS) for employees in Worli and Thane
1999 Glaxo India completes 75 years of its operations in India
2001 Legal merger of Glaxo India Limited and SmithKline Beecham Pharmaceuticals (India) Limited to form GlaxoSmithKline Pharmaceuticals Limited in India
2002 Introduces VRS in its Ankleshwar plant. Sells the Ankleshwar property to Glenmark Pharmaceuticals

GlaxoSmithKline-Organisation Chart