Daichy Pharma Pvt Ltd and Aarmed Formulation Pvt Ltd have a joint venture agreement. Daichy Pharma Pvt Ltd is a subsidiary of Aarmed Formulation, meaning it is part of the same parent company, according to Daichy Pharma Pvt Ltd. This joint venture allows Aarmed to operate its Indian pharmaceutical market business unit, including Daichy Pharma Pvt Ltd, according to Aarmed Formulation Pvt Ltd.

• Ownership: Daichy Pharma is a 100% subsidiary of Aarmed Formulation.

• Business Unit: The Indian pharmaceutical market business unit of Aarmed Formulation is operated under the names Daichy Pharma Pvt Ltd India and Daichy Pharma Pvt Ltd.