PI Industries Limited has incorporated a wholly-owned subsidiary company PI Health Sciences Limited.

PI Health Sciences Limited is a wholly owned subsidiary formed by PI Industries Limited, having an authorized share capital of Rs. 1,00,00,000 divided into 10,00,000 equity shares of Rs. 10 each.

The new subsidiary will manufacture, formulate, process, develop, refine, import, export, wholesale, contract manufacture, and/or retail trade all kinds of pharmaceuticals, antibiotics, bulk drugs, intermediates, medicines, biologicals, biotechnological products monoclonal antibodies, genetic engineering products, tissue culture products, herbs, cosmetics, toiletries nutraceuticals, healthcare, ayurvedic and dietary supplement products, medicinal preparations, vaccines, chemicals, and chemical products.

The company will also deal in medicinal goods such as surgical instruments, photographic goods, oils, perfumes, cosmetics, patent medicines, soaps, artificial limbs, hospital requisites, proprietary medicines, veterinary drugs & medicines and tinctures extracts and to carry on the business of vialling, bottling, repacking, processing of tablets, capsules, syrups, injections, ointments, etc.

The subsidiary will establish, provide, maintain and conduct or otherwise subsidize research and development laboratories or facilities and experimental workshops for scientific and technical research and to undertake and carry on all types of science and technical research, experiments, process developments and tests to all kinds and to promote, sell and lease studies and research both scientific and technical investigations, process development and invention in pharmaceutical products, formulations, bulk drugs, etc. and to make available products and processes on commercial scale or otherwise to pharmaceutical and other companies.