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Concord Biotech was founded in 2000 by Sudhir Vaid, a former director at Ranbaxy Laboratories. [4] It was the first company in India and the second in the world to develop an anti-immuno suppressant tacrolimus.
A more recent case, that of Timber World Resorts and Plantations Ltd., which had been launched by a catering college graduate Ashwani Sud from Delhi, turned out to be a similar scam in 2009. [19] Similarly, in 2012, hundreds of Gujaratis lost their money in a similar tree-plantation scam floated by the Ellisbridge (Ahmedabad) -based company ...
Harshad Shantilal Mehta (29 July 1954 – 31 December 2001) was an Indian stockbroker, businessman, and convicted fraudster. Mehta's involvement in the 1992 Indian securities scam (about ₹ 30,000 crore (equivalent to ₹ 2.3 trillion or US$27 billion in 2023)) led him to gain infamy for market manipulation.
Nirma is a conglomerate based in Ahmedabad, India, involved in the manufacture of various products, including detergents, soaps, cement, cosmetics, salt, soda ash, linear alkyl benzene, and injectables. It was founded in 1969 by Karsanbhai Patel, a laboratory technician, as a one-man operation. [1]
Prior to the scam, the Madhavpura Mercantile Cooperative Bank was the largest urban cooperative bank in Gujarat. [8] It had a deposit base of ₹ 1,200 crore (US$140 million) in March 2001, half of which was from other banks. Seeing the condition of the bank and fear of losing their money among the depositors the RBI restricted the bank's ...
Cadila Pharmaceuticals is an Indian multinational pharmaceutical company based in Ahmedabad. The company's operations focus on manufacturing products ranging from active pharmaceutical intermediates, finished formulations, food supplements, biotechnology products and pharmaceutical machinery. [2]
The Calico Mills, officially Ahmedabad Manufacturing and Calico Printing Mills Ltd and M/S ILAC Ltd, [1] [2] was one of the earliest textile mills established in Ahmedabad, India, by the Sarabhai family. Established in 1888, it closed in 1998. The land, plant and machinery were sold in a public auction in 2010s. [citation needed]
Courtaulds was a United Kingdom-based manufacturer of fabric, clothing, artificial fibres, and chemicals.It was established in 1794 and became the world's leading man-made fibre production company before being broken up in 1990 into Courtaulds plc and Courtaulds Textiles Ltd.