Support and Resistance Levels
Past performance
About Balaxi Pharmaceuticals Ltd Balaxi Ventures Limited, originally established as 'The Anandam Rubber Company Limited' in 1942, has undergone significant transformation since its inception. Initially focused on rubber and tea plantations, the company shifted to investments and trading in 1989. In 2018-19, it further diversified into international wholesale trading of pharmaceuticals, builders' hardware, and FMCG products. This strategic pivot expanded its business scope significantly.
In 2017, Balaxi Ventures experienced a change in control when Balaxi Overseas Private Limited (BOPL) acquired a major stake, leading to a shift in management and strategic direction. The company has since extended its geographical reach, establishing a central distribution warehouse in Guatemala in 2019 and expanding operations to Honduras, El Salvador, and the Central African Republic by FY 2023. The launch of the 'YAP' biscuit brand in 2019 underlines its venture into food products, showcasing its commitment to broadening its product offerings and market presence.