The Naxpar Group: A frontrunner in innovation and integrity

The Naxpar Group was founded in the 1985 when two brothers, Mr. Prakash M. Shah and Mr. Baiju M Shah found that there was a gap in the Indian Pharma sector, one that could be plugged with a quality-driven and reliable service offering in pharmaceutical and cosmetics manufacturing. Over the years, Naxpar has grown tremendously, spreading its geographic reach and expanding its production capacity. Currently, Naxpar is listed on the Bombay Stock Exchange (BSE) under the name “Parnax Lab Ltd” (Script Code : 506128). The organization has thrived under the able leadership of the Founders’ sons, Mr. Mihir P. Shah and Mr. Binoy B. Shah who are committed to harnessing the growth potential of Naxpar by catering to the demands of the Industry with professionalism and a differentiated service offering. The Naxpar Group is headquartered in Mumbai, India.

At the core of Naxpar is its qualified and passionate management team, each of who has behind him/her skill and experience. It is as a result of their diligence and perseverance that Naxpar’s prowess in pharmaceutical manufacturing has seen exponential growth and achievement, significant milestones such as the coveted ISO 9002 status from RWTUV, Germany for following Good Quality Systems in manufacturing and marketing of formulations for domestic and international markets. Naxpar initially began as a single-establishment – indicative of its resounding success and growing client base, the Company now has state-of-the-art accredited manufacturing facilities with high speed packing lines in:

  • Silvassa (D&NH, India)
  • Baddi (Himachal Pradesh, India).


Naxpar’s key strength is manufacturing finished formulations for multinationals in India and abroad and in emerging pharmaceutical markets such as Nigeria, Kazakhstan, Kenya, Mauritius etc. The WHO-approved and EHS-compliant Company is now well placed to venture into markets such as South East Asia, CIS, LatAm etc. where it is keen to establish its presence as a leading pharmaceuticals, cosmetics and herbal products manufacturer.

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