Incorporated as a pvivate limited company in 1989 Panchsheel Organics (POL) was later converted into a public limited company in 1992. The Indore-based company is promoted by Mahendra Turakhia and Kishore Turakhia._x000D_ _x000D_ _x000D_ The company is involved in manufacturing bulk Drugs and drug intermediates. _x000D_ It came out with a public issue of 19,07,300 equity shares of Rs 10 each for cash at par aggregating to Rs 1.91 crs in Feb.'96, to expand the manufacturing _x000D_ capacities of bulk drugs. The company is expanding into the manufacture of albendazole, nalidixic acid, carbamezepine, denatonium benzoate, chloropromazine HCL and Tri Flu O Perazine HCL._x000D_ _x000D_