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. The company is involved in manufacturing bulk Drugs and drug intermediates. 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 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.