Smruthi Organics was incorporated in Jul.'89 as a private limited company and was subsequently converted into a public limited company in Feb.'95. It was promoted by E Purushotham and Shankarrao R Myakal._x000D_ _x000D_ The company set up a plant at Solapur, Maharashtra, to manufacture bulk drugs like diloxanide furoate (inst. cap. : 24 tpa) and sulphadiazine (inst. cap. : 36 tpa). It expanded its activities and product range in 1993-94 by manufacturing metronidazole benzoate, tinidazole, paracetamol and norfloxacin. _x000D_ _x000D_ The company exports furoic acid to the UK market. In 1995, it proposed to expnd its product range and set up an additional plant at Chincholi, Maharashtra, for the manufacture of additional bulk drugs like ciprofloxacin and ranitidine HCl. The company issued shares to the public in Dec.'95, to part-finance the project._x000D_ _x000D_ In 1993, the company received the district award as the Best Small Scale Entrepreneur in Solapur in the Year 1993, from the Government of Maharashtra._x000D_