The company has been promoted by Mr. Mohan H. Bhandari and his two brothers Mr. Kiran H. Bhandari and Mr. Prakash H. Bhandari as Bhandari Paper Products (P) Ltd. on 1st July. 1987 and subsequently the assets and liabilities of a partnership concern named as New India Packaging Company were taken over by the company in 1987. Subsequently the name was changed to Bhandari Industries Private Limited and converted into Public Limited Company by passing a special resolution on 24/10/1994 and a fresh certificate of incorporation was obtained on 27/10/1994 from Registrar of companies Maharashtra, Bombay. The Managing Director Mr. Mohan Bhandari, is in the business for last 12 years and the wholetime Directors. Mr. Kiran Bhandari and Mr. Prakash Bhandari are associated with the Company since inception in 1987. The products of the Company have a good demand in the market and are well received and accepted. The company has been in the manufacture of Paper Tubes and Paper Containers for yarn industry and defence respectively. The company has been supplying laminated paper containers used for packing of ammunition to the Ministry of Defence till 1991. The shift in technology in the defence industry and the reduction in the Government's spending resulted in big reduction of defence orders. The company initiated necessary steps and changed the product mix with a thrust on paper tubes for synthetic textileayarn industry. 2003 - Issue and allotment of bonus shares in the ratio of 2 (two) equity shares for every 1 equity share held . -Bilcare Ltd has informed that at its meeting held on December 24, 2003 approved the allotment of 65,65,200 equity shares of Rs 10/- as fully paid bonus shares in the proportion of 2 equity shares for every 1 fully paid equity share held by them. 2005 -Bilcare inaugurates first-of-its-kind 'Clinical Services' facility in India 2009 - Bilcare Ltd has informed that Dr. Arthur J Carty and Prof. Dr. Bhojraj Suresh have been appointed as Directors on the Board of Directors of the Company with effect from July 09, 2009. 2010 -"Bilcare ushers into successful execution of nonClonablelD technology worldwide". -"Bilcare AG successfully completes the acquisition of INEOS' Global Films Business". 2012 -Bilcare signed a definitive agreement with United Drug plc, a Euro 1.7 billion revenue leading international provider of healthcare services". -Pharma packaging solution provider Bilcare Ltd said that United Drug plc has completed the USD 61 million acquisition of its US and UK-based Global Clinical Supplies (GCS) businesses. 2014 -CS Pawan G. Chandak has been appointed as Director of the company. -The company got Frost & Sullivan Global 2014 Award. -The company also got CII Industrial Innovation Award. 2015 -Bilcare has been recognized as Admired 100 Brands & Leaders of Asia-2014-15 by VWP World Brands. 2016 -Bilcare GCS receiving ABP News Healthcare award 2015 for best Clinical Trial Services.