Zandu Realty - Revision history

Bharatwiki Socrates at 04:42, 6 November 2026

2026-11-06T04:42:29Z

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	'''Zandu Realty Limited''' (formerly known as '''Zandu Pharmaceutical Works Limited''') is an Indian company based in [[Mumbai]]. Founded in 1910 as an [[Ayurveda\|ayurvedic]] medicine manufacturer, the company later transitioned into the [[real estate]] sector following its acquisition by the [[Emami\|Emami Group]] in 2008.		'''Zandu Realty Limited''' (formerly known as '''Zandu Pharmaceutical Works Limited''') is an Indian company based in [[Mumbai]]. Founded in 1910 as an [[Ayurveda\|ayurvedic]] medicine manufacturer, the company later transitioned into the [[real estate]] sector following its acquisition by the [[Emami\|Emami Group]] in 2008.<ref>{{cite news\|url=https://economictimes.indiatimes.com/articleshow/4336143.cms \| title=Emami group to restructure Zandu Pharma business \| newspaper=The Economic Times \| date=30 March 2009 \| author=Anuradha \|access-date=3 February 2019}}</ref><ref>{{cite web\|url=http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C356RLD00 \|title=Zandu Pharmaceutical Works Limited (506720) Company Profile \|publisher=CorporateInformation.com \|access-date=2010-07-27}}</ref>

	== History ==		== History ==

Bharatwiki Socrates at 04:40, 6 November 2026

2026-11-06T04:40:49Z

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	{{~~Use dmy dates~~\|~~date=February 2019~~}}		{{Short description\|Indian real estate company}}
	{{Use ~~Indian English~~\|date=~~February 2019~~}}		{{Use dmy dates\|date=November 2026}}
	{{~~update~~\|date=~~May 2020~~}}		{{Use Indian English\|date=November 2026}}
	{{Infobox company		{{Infobox company
	\| name = Zandu Realty ~~Ltd (Indian Company)~~		\| name = Zandu Realty Limited
	\| logo = ~~Zandu.gif~~		\| logo =
	\| logo_size = ~~100px~~		\| logo_size =
	\| type = [[Public company\|Public]] ({{BSE\|506720}}{{NSE\|ZANDUREALT}})		\| type = [[Public company\|Public]] ({{BSE\|506720}}{{NSE\|ZANDUREALT}})
	\| ~~genre~~ =		\| traded_as =
	\| foundation = {{Start date and age\|1910\|10}}, Incorporated 1919<ref>{{cite web \|url=https://www.bloomberg.com/research/stocks/snapshot/snapshot_article.asp?ticker=ZNDU:IN \|title=Zandu Realty Ltd \|publisher=[[Bloomberg Businessweek\|Bloomberg]] \|access-date=2015-07-08}}</ref> <br />[[Mumbai]], India		\| foundation = {{Start date and age\|1910\|10}}<br />[[Mumbai]], [[India]]
	\| founder =		\| founder = Jugatram Vaidya
	\| location_city = Mumbai		\| location_city = [[Mumbai]]
	\| location_country = India		\| location_country = India
	~~\| location =~~
	~~\| locations =~~
	\| area_served = India		\| area_served = India
	\| key_people =		\| key_people =
	\| industry = ~~[[Pharmaceutical]],~~ [[Real ~~Estate~~]]		\| industry = [[Real estate]]
	\| products = ~~Formulations & Bulk Drugs~~		\| products =
	\| services =		\| services =
	~~\| market cap =~~
	\| revenue =		\| revenue =
	\| operating_income =		\| operating_income =
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	\| assets =		\| assets =
	\| equity =		\| equity =
	\| owner =		\| owner = [[Emami\|Emami Group]] (68.90%)
	\| num_employees = 2000 (2009)<ref>{{cite web \|url=http://www.zanduayurveda.com/family.htm \|title=Zandu : Our Network \|publisher=Zanduayurveda.com \|access-date=2010-07-27 \|archive-date=1 July 2010 \|archive-url=https://web.archive.org/web/20100701214138/http://www.zanduayurveda.com/family.htm \|url-status=dead }}</ref>		\| num_employees =
	\| homepage = ~~[http://www.zanduayurveda.com Official Website]~~		\| homepage =
	}}		}}
	'''Zandu Realty Limited''' (formerly Zandu Pharmaceutical Works Limited)<ref>{{cite web\|url=http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C356RLD00 \|title=Zandu Pharmaceutical Works Limited (506720) Company Profile \|publisher=CorporateInformation.com \|access-date=2010-07-27}}</ref> is an ~~international~~ [[~~pharmaceutical company~~]] ~~based~~ in [[~~Mumbai~~]], [[~~India~~]]~~.<ref>{{cite news\|url=https://economictimes.indiatimes.com/articleshow/4336143.cms~~ \| ~~title=~~Emami group to restructure Zandu Pharma business \| newspaper=The Economic Times \| date=30 March 2009 \| author=Anuradha \|access-date=3 February 2019}}</ref> Company's core business of manufacturing and dealing in ~~ayurvedic and medicinal preparations~~.		'''Zandu Realty Limited''' (formerly known as '''Zandu Pharmaceutical Works Limited''') is an Indian company based in [[Mumbai]]. Founded in 1910 as an [[Ayurveda\|ayurvedic]] medicine manufacturer, the company later transitioned into the [[real estate]] sector following its acquisition by the [[Emami\|Emami Group]] in 2008.

	==History==		== History ==
	~~Established~~ in 1910 by [[~~Prabhashankar Pattani\|Pattani~~]]~~, Prime Minister of the erstwhile state of~~ [[~~Bhavnagar~~]] ~~with Zandu Bhatt, Zandu went public in 1919 with the issuance of stocks~~.<ref>{{~~cite~~ web\|url=~~http~~://www.~~zanduayurveda~~.com/~~brain~~.~~htm~~ \|title=Zandu: More on Us \|~~publisher~~=~~Zanduayurveda~~.com ~~\|access-date=2016-02-16~~ \|url-status=dead \|archive-url=https://web.archive.org/web/20020305215439/http://www.zanduayurveda.com/brain.htm \|archive-date=5 March 2002 }}</ref>		=== Founding and early years ===
			The company was established in October 1910 by Jugatram Vaidya, a renowned ''[[Vaidya]]'' (traditional physician) in [[Gujarat]].<ref name=":0">{{Cite web \|title=The inside story of the Zandu takeover battle \|url=https://www.livemint.com/Companies/6z3G4z3Z8z3z3z3z3z3z3O/The-inside-story-of-the-Zandu-takeover-battle.html \|access-date=2026-11-06 \|website=Mint}}</ref> The firm was named after Vaidya Zandu Bhattji, an earlier notable figure in the family lineage.<ref name=":3">{{Cite web \|title=Zandu: More on Us \|url=http://www.zanduayurveda.com/brain.htm \|url-status=dead \|archive-url=https://web.archive.org/web/20020305215439/http://www.zanduayurveda.com/brain.htm \|archive-date=5 March 2002 \|access-date=2016-02-16 \|publisher=Zanduayurveda.com}}</ref> The company went public in 1919 with the issuance of stocks, and over the following decades, it became a prominent name in the Indian pharmaceutical and ayurvedic products market.<ref name=":3" /> By the early 21st century, the company's ownership was divided between two promoter families—the Parikhs and the Vaidyas.<ref name=":0" />

	~~The company derives its name from~~ [[~~Vaidhya~~]] [[~~Zandu Bhatt~~]]~~ji, the original founder of the firm named ''Zandu Pharmaceuticals''. He was a renowned~~ [[~~Vaidhya~~]] ~~not only of [[Gujarat]] but India in late 19th century and early 20th century~~. ~~The Vaidhya family's~~ stake ~~has been sold to [[Emami]]~~ in ~~2008~~ for ~~₹730 crores~~ <ref>{{~~cite news~~\|url=https://www.~~reuters~~.com/~~finance~~/~~stocks~~/~~keyDevelopments?symbol~~=~~ZNDU.BO~~ \|~~title~~=~~Emami had earlier picked up~~ the ~~Vaidya family's stake~~ in ~~Zandu~~, ~~while~~ the ~~Parikhs were trying to shelve Emami~~'s ~~takeover bid~~. ~~\| work~~=~~Reuters}} {{dead link\|date=December 2018}}<~~/~~ref~~>		=== Emami acquisition and transition to real estate ===
			In 2008, [[Kolkata]]-based [[FMCG]] major [[Emami\|Emami Limited]] acquired a 68.9% stake in Zandu Pharmaceutical Works for approximately ₹730–750 crore, taking management control.<ref name=":0" /><ref name=":4">{{Cite web \|title=HC approves Emami, Zandu demerger scheme \|url=https://www.financialexpress.com/archive/hc-approves-emami-zandu-demerger-scheme/546081/ \|access-date=2026-11-06 \|website=The Financial Express}}</ref> Following the acquisition, a scheme of arrangement was approved by the [[Calcutta High Court]] in 2009, which resulted in the demerger of the company's FMCG business (which was merged into Emami) from its remaining assets, primarily land and real estate holdings.<ref name=":4" />

	==References==		The residual entity was subsequently renamed '''Zandu Realty Limited'''.<ref name=":2">{{Cite web \|title=Zandu Realty enter into agreement with realty developer Sheth Corporation \|url=https://economictimes.indiatimes.com/industry/services/property/-/-cstruction/zandu-realty-enter-into-agreement-with-realty-developer-sheth-corporation/articleshow/43768167.cms \|access-date=2026-11-06 \|website=The Economic Times}}</ref> The company then focused on monetising its real estate assets, most notably a land parcel at [[Dadar]] in central Mumbai, where it entered into a joint venture with Sheth Developers to develop a 2.7-acre commercial complex.<ref name=":2" /><ref name=":5">{{Cite web \|title=Zandu Realty has struck a deal with Sheth Developers \|url=https://www.track2realty.track2media.com/page/6/?s=healthcare+business+ \|access-date=2026-11-06 \|website=Track2Realty}}</ref>

			== Controversy ==
			In March 2025, the company's former pharmaceutical brand, now owned by Emami, became the subject of a controversy after a product-testing YouTube channel named [[Trustified]], run by nutritionist [[Arpit Mangal]], published a video alleging that "Zandu Ashwagandha Gold Plus" contained dangerously high levels of [[lead]] and [[Mercury (element)\|mercury]].<ref name=":1">{{Cite web \|title=Calcutta HC quashes 'gag order' against YouTuber who flagged heavy metals in Emami product \|url=https://www.medianama.com/2026/09/223-calcutta-hc-gag-order-arpit-mangal-emami/ \|access-date=2026-11-06 \|website=MediaNama}}</ref> The video claimed that independent laboratory tests conducted by Eurofins Analytical Services India, an FSSAI-notified and NABL-accredited laboratory showed heavy metals well in excess of the limits set by the Ayurvedic Pharmacopoeia of India.<ref name=":1" />

			Emami responded by filing a defamation and disparagement suit, and on 3 May 2025, a trial court granted an ''ex parte'' ad interim injunction restraining Mangal and Trustified from publishing or disseminating any content related to the product.<ref name=":6">{{Cite web \|title=Emami vs influencer: HC lifts injunction on product-testing video, says pre-trial gag needs higher bar \|url=https://theprint.in/judiciary/emami-vs-influencer-hc-lifts-injunction-on-product-testing-video-says-pre-trial-gag-needs-higher-bar/3050701/ \|access-date=2026-11-06 \|website=ThePrint}}</ref>

			Mangal challenged the injunction before the [[Calcutta High Court]]. On 22 September 2026, a Division Bench of Justices Sabyasachi Bhattacharyya and Sandip Kumar De set aside the trial court's order, ruling that the injunction amounted to a "gag order" that stifled free speech in the larger public interest.<ref name=":1" /><ref name=":7">{{Cite web \|title=Calcutta High Court Lifts Gag Order On YouTuber Arpit Mangal Over Emami Zandu Ashwagandha Video \|url=https://www.livelawbiz.com/trademark/calcutta-high-court-lifts-gag-order-on-youtuber-arpit-mangal-over-emami-zandu-ashwagandha-video-552461 \|access-date=2026-11-06 \|website=LiveLaw}}</ref> Applying the Bonnard principle, the court found that Emami had not demonstrated that Mangal's defence of truth was certain to fail at trial, and noted that the testing was conducted by accredited laboratories without any apparent commercial motive on the part of the YouTuber.<ref name=":6" /><ref name=":7" />

			== References ==
	{{reflist}}		{{reflist}}

	[[Category:Companies based in Mumbai]]		[[Category:Companies based in Mumbai]]
	[[Category:~~Pharmaceutical~~ companies of India]]		[[Category:Real estate companies of India]]
	[[Category:Pharmaceutical companies established in 1910]]		[[Category:Pharmaceutical companies established in 1910]]
	~~[[Category:Indian brands]]~~
	[[Category:Indian companies established in 1910]]		[[Category:Indian companies established in 1910]]
			[[Category:Emami Group]]
			[[Category:Real estate companies established in 1910]]
	~~{{India-company-stub}}~~
	~~{{en-Wikipedia}}~~

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			{{en-Wikipedia}}

>BrownHairedGirl: added Category:Indian companies established in 1910 using HotCat

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added Category:Indian companies established in 1910 using HotCat

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{{Use dmy dates|date=February 2019}}
{{Use Indian English|date=February 2019}}
{{update|date=May 2020}}
{{Infobox company
| name = Zandu Realty Ltd (Indian Company)
| logo = Zandu.gif
| logo_size = 100px
| type = [[Public company|Public]] ({{BSE|506720}}{{NSE|ZANDUREALT}})
| genre =
| foundation = {{Start date and age|1910|10}}, Incorporated 1919<ref>{{cite web |url=https://www.bloomberg.com/research/stocks/snapshot/snapshot_article.asp?ticker=ZNDU:IN |title=Zandu Realty Ltd |publisher=[[Bloomberg Businessweek|Bloomberg]] |access-date=2015-07-08}}</ref> <br />[[Mumbai]], India
| founder =
| location_city = Mumbai
| location_country = India
| location =
| locations =
| area_served = India
| key_people =
| industry = [[Pharmaceutical]], [[Real Estate]]
| products = Formulations & Bulk Drugs
| services =
| market cap =
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner =
| num_employees = 2000 (2009)<ref>{{cite web |url=http://www.zanduayurveda.com/family.htm |title=Zandu : Our Network |publisher=Zanduayurveda.com |access-date=2010-07-27 |archive-date=1 July 2010 |archive-url=https://web.archive.org/web/20100701214138/http://www.zanduayurveda.com/family.htm |url-status=dead }}</ref>
| homepage = [http://www.zanduayurveda.com Official Website]
}}
'''Zandu Realty Limited''' (formerly Zandu Pharmaceutical Works Limited)<ref>{{cite web|url=http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C356RLD00 |title=Zandu Pharmaceutical Works Limited (506720) Company Profile |publisher=CorporateInformation.com |access-date=2010-07-27}}</ref> is an international [[pharmaceutical company]] based in [[Mumbai]], [[India]].<ref>{{cite news|url=https://economictimes.indiatimes.com/articleshow/4336143.cms | title=Emami group to restructure Zandu Pharma business | newspaper=The Economic Times | date=30 March 2009 | author=Anuradha |access-date=3 February 2019}}</ref> Company's core business of manufacturing and dealing in ayurvedic and medicinal preparations.

==History==
Established in 1910 by [[Prabhashankar Pattani|Pattani]], Prime Minister of the erstwhile state of [[Bhavnagar]] with Zandu Bhatt, Zandu went public in 1919 with the issuance of stocks.<ref>{{cite web|url=http://www.zanduayurveda.com/brain.htm |title=Zandu: More on Us |publisher=Zanduayurveda.com |access-date=2016-02-16 |url-status=dead |archive-url=https://web.archive.org/web/20020305215439/http://www.zanduayurveda.com/brain.htm |archive-date=5 March 2002 }}</ref>

The company derives its name from [[Vaidhya]] [[Zandu Bhatt]]ji, the original founder of the firm named ''Zandu Pharmaceuticals''. He was a renowned [[Vaidhya]] not only of [[Gujarat]] but India in late 19th century and early 20th century. The Vaidhya family's stake has been sold to [[Emami]] in 2008 for ₹730 crores <ref>{{cite news|url=https://www.reuters.com/finance/stocks/keyDevelopments?symbol=ZNDU.BO |title=Emami had earlier picked up the Vaidya family's stake in Zandu, while the Parikhs were trying to shelve Emami's takeover bid. | work=Reuters}} {{dead link|date=December 2018}}</ref>

==References==
{{reflist}}

[[Category:Companies based in Mumbai]]
[[Category:Pharmaceutical companies of India]]
[[Category:Pharmaceutical companies established in 1910]]
[[Category:Indian brands]]
[[Category:Indian companies established in 1910]]

{{India-company-stub}}