Smith Stanistreet Pharmaceuticals Limited (SSPL)

 

Managing Director (in charge)

Shri    S.Kundu

Address

18, Convent Road ,Calcutta - 700013

Phone 

033-22363148

Fax

033-22257697

It was a sick company in the private sector in the name and style of Smith Stanistreet Company Limited. The management of the company was taken over by the Central Government with effect from the 4th May, 1972. It was nationalised on 1st October, 1977 and a new public sector company in the name and style of Smith Stanistreet Pharmaceuticals Ltd. (SSPL) was incorporated on the 19th July, 1978.

The company has its manufacturing and the registered Office at 18, Convent Road, Calcutta (West Bengal). SSPL manufactures pharmaceutical formulations, namely, Tablets, Capsules, Parenterals, liquid orals etc.

The company was formally declared sick by the Board for Industrial and Financial Reconstruction) BIFR) on the 21st December, 1992. The BIFR, approved a revival package on the 31st August, 1994. The BIFR last heard the case on the 3rd December, 2001 and confirmed its opinion that it was just, equitable in public interest that the company should be wound up. This opinion has been forwarded to the Hon’ble High Court of Calcutta. The Government has decided to close the company and separate the employees by giving VSS to them. All the employees have been given VSS. SSPL is closed. The Official Liquidator has been appointed by the Hon’ble High Court of Calcutta vide Order dated 12.1.2006. The Registered Office, Plant & machinery and other assets have since been taken over by the Official Liquidator.

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