The Comp. was incorporated as a public limited Comp. by converting partnership concern M/s. Lincoln Pharmaceuticals under Part IX of Companies Act 1956. M/s.Lincoln Pharmaceuticals was established as a partnership firm on 18th January 1979 with Mr. Rajni G. Patel, Mr. Hasmukhbhai I.Patel, Mrs. Hansaben A.Patel, Mrs. Jivtiben C.Patel, Mrs. Jiviben T.Patel & Mrs. Lilaben T. Patel as partners, with its main object of manufacturing pharmaceutical formulations. The business was started in Naroda G.I.D.C estate. Further on 9.12.81, Mr.Mihir V. Patel, Mr.Maheshbhai M.Patel, Mr.Yogeshkumar I. Patel & Mrs.Madhuben V.Patel were admitted as Partners. The firm was carrying on its business by getting its products manufactured on Loan & Licence Basis from 1979 to 1982.
All the partners decided & agreed vide resolution dated 30.10.94 that all members of Co-partnership should register the said firm as public limited Comp. for sake of smooth working, better & effective management & improvement & advancement of business. It was also decided as per the said resolution that such Comp. should carry Out & continue the existing business of firm. As a result, an the incorporation of Comp. on 20th January 1995, all the properties of firm [movable and immovables] & all the liabilities of firm 55 an the closing of business of day proceeding the date of incorporation of Comp. vested in the Company. Since, date of incorporation of Comp. i.e, 20th January 1995, all the assets & liabilities, aforesaid as on 19th January 1995, vested in the Company. Comp. is carrying on running business of erstwhile M/s. Lincoln Pharmaceuticals having its formulations production facilities at Naroda, GIDC, Ahmedabad, Gujarat, of manufacturing tablets, capsules, liquid & powder syrups & ointments. Comp. is also getting its products manufactured on 'Loan & License' basis from other manufacturers to meet the demand of small volume parenterals.
The Comp. has now decided to establish modern formulations manufacturing plant at Village: Khatraj. Tal:Kalol, Olaf. Mehsana in Gujarat to manufacture small volume parenterals like Dry powder injectables, liquid vial, liquid ampoules & eye drops & expand its production capacities of manufacturing tablets, capsules, liquid/powder syrups & ointment & also to establish fully equipped laboratory to undertake in house testing of its products for better quality control & give thrust on Research & Development. Comp. has already acquired N.A land Adm: 8833 Sq. Mtrs. & is in the process of acquiring further land adm. aprox.11,170 Sq.Mtrs. Comp. has given advance for booking cement & steel & are preparing to commence construction of factory building at new site. Comp. has identified all plant & machineries & has also given advance to major plant and machinery suppliers far those machineries which has longer delivery period, so as to implement the project an time. The Comp. has existing manufacturing facilities at Naroda & if is already selling its products all over India & is having thrust in the markets of Gujarat, Rajasthan, Andhra Pradesh, Bihar & Jammu.
2000 - The Comp. has signed agreements with NSDL and CDSL for dematerialisation.
2003 - The Joint Director of General Govt of India has given the certificate of recognition of Export House to the company.
-Lincoln Pharmaceuticals introduces AIDS Drugs
-Launched US FDA approved drug Gatifloxacin.
-Launched PROLIN - NATURAL
-Lincoln Pharmaceuticals Ltd has informed that it has launched a new drug under the brand name of 'Namsafe'.
- Lincoln Pharmaceuticals Ltd has delists equity shares from Delhi Stock Exchange Association Ltd
2005
-Lincoln Pharmaceuticals secures export order from England, UK