pharmaceuticals health care founded 1960s founder habil khorakiwala headquarters mumbai india area served worldwide key people habil khorakiwala chairman murtaza khorakiwala managing director huzaifa khorakiwala executive director products formulations biopharmaceuticals nutrition products vaccines revenue 46.14 billion us 690 million 1 total equity 1.4 billion number of employees 7 900 2013 website www.wockhardt.com wockhardt ltd. is a pharmaceutical and biotechnology company headquartered in mumbai india . the company has manufacturing plants in india uk ireland france and us and subsidiaries in us uk ireland and france . it is a global company with more than half of its revenue coming from europe . 2 3 in 2011 2012 its uk and usa sales alone were us 475 million . 4 it has market presence in emerging markets such as russia brazil mexico vietnam philippines nigeria kenya ghana tanzania uganda nepal myanmar sri lanka mauritius lebanon and kuwait . 5 the company has a market capitalisation of over 211 billion us 3.1 billion 6 and an annual turnover of 36 billion us 530 million . citation needed it produces formulations biopharmaceuticals nutrition products vaccines and active pharmaceutical ingredients apis . 7 the company employs over 7 900 people globally . 8 wockhardt hospitals is a subsidiary of the wockhardt group . 9 wockhardt towers at bandra kurla complex in mumbai . contents 1 history 2 acquisitions and subsidiaries 3 good manufacturing practice violations 4 references 5 external links history edit wockhardt was founded by habil khorakiwala in the early 1960s . 8 his father fakhruddin t. khorakiwala had acquired worli chemical works 10 in 1959 . this was incorporated as wockhardt pvt. ltd. in 1973 . 2 wockhardt ltd. was incorporated on july 8.1999 . 11 wockhardt is often confused as a multinational because of its german sounding name . 12 wockhardt is the first company outside of the us and europe to manufacture recombinant human insulin . 13 acquisitions and subsidiaries edit wockhardt s acquisitions include wallis laboratory uk 1998 merind india 1998 cp pharmaceuticals uk 2003 espharma gmbh germany 2004 dumex india 2006 pinewood laboratory ireland 2006 and negma france 2007 . 2 wockhardt s debt following the acquisitions was close to rs 38 billion and habil khorakiwala quit as managing director . 14 the board of directors on 31 march 2009 approved the appointments of habil khorakiwala s sons murtaza khorakiwala and hozaifa khorakiwala as managing director and executive director respectively . 15 good manufacturing practice violations edit wockha received a fda warning letter 25 november 2013 identifying significant violations of current good manufacturing practice for finished pharmaceuticals at the chikalthana and wiluj facilities . 16 a warning letter sent 18 july 2013 referring to an 18 march inspection of the waluj facility aurangabad cited repeatedly delayed denied or limited an fda inspection . citations included destruction of raw analytical data destruction of analytical samples lying by both the production head and vice president of manufacturing to the fda inspector . specific gmp violations included failure to prepare batch production records for drug products attempts to hide manufacturing for the usa market from inspection use of trial analyses and official analyses to attempt to hide failing or out of specification results inability to demonstrate integrity of computer records no audit system for computer records faked training records for critical gmp activities and inadequate washing and toilet facilities . 17 references edit wockhardt fact sheet . wockhardt . retrieved 16 july 2010 . a b c sanju verma amit shah 2007 . wockhardt wock ing the talk ... pdf . hdfc securities . india research . wockhardt set to join billion dollar club . business standard . 20 march 2013 . retrieved 20 march 2013 . who we are fact sheet . wockhardt . retrieved 20 march 2013 . who we are overview . wockhardt . retrieved 20 march 2013 . wockhardt ltd price fundamentals charts financials . business standard . retrieved 20 march 2013 . about us who we are . a b about us . our other websites . priyanka sangani 28 march 2008 . marginal business logic . the economic times . wockhardt limited . retrieved 9 may 2009 . dead link t. surendar charles assisi 18 january 2008 . we need a nano for medicines too . the times of india . introducing wockhardt . retrieved 9 may 2009 . shobhana subramanian 3 april 2009 . newsmaker habil f khorakiwala scientist in a hurry . business standard . murtaza khorakiwala is new md of wockhardt huzaifa new executive director . dws pill scribe . 2 april 2009 . rafael arroyo 12 february 2013 . cgmp finished pharmaceuticals adulterated wl 320 14 01 . fda . maan abduldayem 18 july 2013 . cgmp finished pharmaceuticals adulterated wl 320 13 21 . fda . external links edit official website v t e major indian companies economy of india list of companies of india 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