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Tamil Nadu Medicinal Plant Farms & Herbal Medicine Corporation Ltd.
(A Government of Tamil Nadu Undertaking)
Origin of the Corporation :
The Government of Tamil Nadu with a view to undertaking cultivation of medicinal plants, collection and distribution of herbal raw drugs, manufacture of the various medicines from the medicinal plants and their pharmaceutical conversion into standard medicaments of proven quality by forming an autonomous Corporation of its own in the State, constituted an Expert Committee to prepare "Techno Economic Feasibility Report" in G.O. Ms. No.1940, Health Department, dated 15.11.1980. Based on the report and subsequent orders of the Government this Corporation was incorporated on 27th September 1983 in the name of "Tamil Nadu Medicinal Plant Farms & Herbal Medicine Corporation Limited (TAMPCOL)". The Corporate Identification Number is U93090TN1983SGC010336. The Registered Office is located at Anna Hospital Campus, Arumbakkam, Chennai-600 106 and the Factory is functioning at SIDCO Pharmaceutical Campus, Alathur near Thiruporur, Kancheepuram District.
Management :
The Corporation is governed by the Board of Directors headed by the Secretary to the Government, Health and Family Welfare Department as the Chairman of the Board and the Commissioner of Indian Medicine and Homoeopathy as the Managing Director of the Corporation. There are six official Directors including Chairman and Managing Director and three non-official Directors representing Siddha, Ayurveda and Unani.
The Main Objects of the Corporation :
Share Capital from Government of Tamil Nadu :
Initially the authorized share capital of the Corporation was Rs.50 Lakh and the paid up share capital of Rs.20.75 Lakh was invested by the Government of Tamil Nadu. During the year 2007-08, the Government enhanced the authorised share capital to Rs.125.00 lakh and the Corporation issued Bonus Shares of 79,250 shares of Rs.100/- each amounting to Rs.79,25,000/- and the paid up share capital of the Corporation is Rs.100.00 lakh.
Commercial Activities of the Corporation :
The Corporation commenced its commercial activities with its flagship product viz. Herbal Hair Tonic (A Siddha Medicine) by producing and marketing it in a small scale, and also supply of raw materials required, for manufacture of medicines to Government Pharmacy since 1985. Tampcol is the main supplier of ISM drugs to the institutions functioning under the control of Commissioner of Indian Medicine and Homoeopathy. There is a huge demand for Tampcol medicines and orders are being received under various schemes from Government Departments like CGHS, ESI, autonomous bodies like National Institute for Siddha and Local Bodies, etc.
GMP Certified Corporation :
As per the Drugs and Cosmetics Act, 1940, the company has been certified with Good Manufacturing Practices of Ayurveda, Siddha and Unani drugs (155-B, Schedule-T, in respect of factory location and surroundings, buildings, water supply, disposal of waste, etc.).
Status of Medicine Production :
Presently Tampcol is manufacturing 117 medicines i.e. Siddha 70 medicines [57 Shastric and 13 Proprietary], Ayurveda 39 medicines [35 Shastric and 4 Proprietary] and Unani 8 medicines [3 Shastric and 5 Proprietary] such as chooranam, thailam, vennai, kudineer, parparm, chenduram, lehiyam, tablets, Capsules, syrups, etc.
Appointment of Nodal Agency :
The Government in G.O.(Ms) No.299, Health and Family Welfare (IM1-1) Department, dt.13.12.2013has appointed the Corporation as an exclusive Nodal Agency for procurement of medicines, equipments, etc. for ISM institutions functioning in the State. This will enlarge the scope of the functions of the Corporation and can supply quality medicines and equipments uniformly to the institutions functioning under the control of Commissioner of Indian Medicine and Homoeopathy at competitive price by utilizing its existing infrastructure.
Expansion of Production activity :
By utilizing the financial assistance of the Government, the Corporation has appointed one consultant for preparation of detailed project report on "Develop, Vision, Strategy and Action plan and Re-engineer business processes to re-position Tampcol brand in the Indian market". The Corporation has initiated various measures to upgrade the infrastructure of the factory by way of creating additional space to accommodate the new machineries, expanding manufacturing processes, re-engineering of production processes, installation of modern equipments to reduce the dependency on the manpower, etc.
As a standardization measure and improve the dispensing system of medicines to the common public, the Corporation has planned to introduce packaging of medicines in sachets, i.e., chooranams in 10 grams and thailams in 50 ml. and also to introduce Tablets and Capsules in 30 Nos. containers for directly dispensing them to the public. As a brand building measure, all the packaging methods, designs, labels, etc. have been re-examined and mostly revised to suit the current need and expectation of the common public.
In order to reduce the procurement of medicines from open market for the use in Government hospitals, the Corporation has proposed to increase 5 numbers of medicines in addition to 22 new licenses obtained during the current year. As on date, the Corporation possesses 217 licenses for manufacturing of medicines. As indented by the Government, the Corporation has proposed to supply Kariveppilai Podi and Ferrosid, being the Siddha Proprietary medicines for remedying Anemic deficiency in the form of Tablets, Capsules and Syrup under PIP scheme. In order to provide safe and hygiene working environment in the factory, various measures such as improvement of sewerage system, supply of clean and pure drinking water by installing 500 LPH Reverse Osmosis Plant, providing cotton apron, cotton chef hat and Slippers for all staff and workers have been initiated.
Corporate Social Responsibilities :
To provide better medical guidance, and health consulting, a free Medical Consultancy Clinic has been created at the Corporate Office Building of the Corporation. The Free Consultancy Clinic functions from Monday to Saturday between 9 a.m. and 12 noon in the morning session and 3 p.m. to 5 p.m. in the evening session. The Free Medical Consultancy Clinic, have doctors from all streams namely Siddha, Ayurveda, Unani, and Yoga and Naturopathy on rotation basis.
The Corporation running Sales show room at Chennai and Playamkottai to make available the medicines at the cheaper rate to the General Public as the selling prices of the medicines are far lower than the private manufacturers. The Corporation is maintaining very nominal prices for its products despite steep increase of raw material cost, packing material costs and other overheads, etc. as the supplies are mainly indented to the Government institutions.
Further Model Herbal Farms containing samples of herbal species has been developed in the vacant land available adjacent to Sales counter at Corporate office and Palayamkottai. These model farms will create awareness about herbs among general public and will be useful for reference to the students of Indian System of Medicines.
Towards fulfillment of corporate social responsibility, the Corporation has donated Two Heavy Duty Washing Machine at a cost of Rs.5.40 lakh to Arignar Anna Government Hospital for Indian Medicine for the use of washing of bed sheets used for inpatients of the Hospital.
Financial Performance :
The net sales revenue for 2012-13 was Rs.1806.23 lakh, and it is expected to achieve around Rs.2200.00 lakh during 2013-14. The Net profit for 2012-13 was Rs.58.49 lakh and it is expected to earn around Rs.36.00 lakh during 2013-14 even after providing discount of Rs.52.00 lakh to the Government sales at the rate of 15% during last quarter. As regards dividend, the Corporation declared the maiden dividend of Rs.1,55,625/- at the rate of 7.5% for the financial year 1998-99. Year after year the corporation has also stepped up the rate of dividend and declared a high level of dividend of Rs.1,00,00,000/- at the rate of 100% for the year 2009-10. During the financial year 2010-11, dividend at the rate of 25% on the increased share capital of Rs.100.00 lakh was declared and paid. This Corporation is one of the Public Sector Undertakings continuously declaring dividends.
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