M J Shah Group carries a rich legacy of over 50 years that is built on the trust and belief of its customers and stakeholders. The group began its operations in the pharmaceutical industry back in 1959 with Biochem Pharmaceutical Industries.
Biochem was a pioneer in the pharmaceutical industry with exports to eight countries, including Thailand, Malaysia, Kenya and Sri Lanka; and has a lot of firsts to its credit:
It was the first company to bring the antibiotic Ampicillin to India. In fact it was also instrumental in treating the Indian Army during the 1965 war.
Biochem also has to its credit, introducing of the first anti-cancer Mitomycin-C injections to the country under an exclusive license, from Japan. This revolutionised the way cancer patients were treated in India.
In addition, Amikacin Sulphate injections (to treat bacterial infection), were also introduced by Biochem in 1985.
In order to strategically venture into investments, the group divested the pharmaceuticals business, to begin long-term investments in leading real estate funds viz. HDFC, ICICI, Ask, Peninsula, Reliance, IIFL & Indiareit, through MJ Shah Capital.
In 2017 the group strategically began its real estate business as a developer. Known for ethical and clean business practices, it was a natural progression for the group to enter the realty industry with the advent of RERA; and to turn the rich experience it has gathered through its investments venture, into a separate realty company.
The group has 5 residential real estate projects under development in Bandra (W), Upper Chembur, Lower Parel & Navi Mumbai totalling to approx. 50+ lacs sqft, providing housing to 2000+ families by 2022.
MJ Shah Group has built and run its businesses with a sharp focus on its customers. Over last 50 years, we have nurtured a culture of innovation and commitment to human values. It is, thus, our endeavour to create value of for all our stakeholders through innovation, quality control, commitment and consistent customer service.
‘Creating value’ is a principle that is deep rooted in our system and at every step in the development; we consistently strive to create value that are aligned to our customers’ needs, desires and aspirations.