Established on June 5, 1978, Ambalal Sarabhai Enterprises Ltd transitioned into a public limited company in December 1980. Noteworthy collaborations and ventures marked its journey, including a technical partnership with Biobras, Brazil, in 1994 for the production of highly purified insulin injections. In 1997-98, it formed a joint venture, Sarabhai Piramal Pharmaceuticals Ltd, with Piramal Enterprises Ltd for product marketing. Additional collaborations followed, such as agreements with B V Chiron, Netherlands, in 1998-99, and an MoU for Oncology products with Chiron Corporation, USA, in 1999-2000.
In September 2008, the company expanded through the acquisition of Suvik Hitek Pvt. Ltd and Systronics (India) Pvt Ltd. Subsequently, the Ethical Division relaunched Suvik and Sarabhai Chemicals products. During 2008-09, the Oncology Division introduced two new products, Fludagem & Xtinib, and initiated the establishment of Vovanties Laboratories Pvt Ltd, focusing on Novel Effervescent drug delivery systems.
By 2010-11, significant restructuring took place, with the transfer of Sarabhai Chemicals Bulk Drug Division to Synbiotics Ltd and the electronics division to Systronics (India) Ltd, effective October 01, 2010.