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Zandu Pharmaceutical Works Ltd. was named after venerable Mahatma Zandu Bhattji to whom it owes its origin.
Zandu Bhattji's real name was Karunashankar; he was the son of legendary Vaidya Vithal Bhattji, a personal physician to Ranmal, the then King of Jamnagar. He was very accurate in diagnosis of diseases and also intelligent and learned. Therefore, those who learnt Ayurveda from him have become famous among Ayurvedic Physicians e.g. Shri. Raghunathji Indraji, the author of Nighantoo Sangrah and Shri.Bawabhai Achalji, a very well known personality among the Vaidyas, who were co-students of Zandu Bhattji; all of them learnt the art of Ayurveda from Vithal Bhattji.
After Jam Saheb, the King of Jamnagar was satisfied with the ayurvedic medicines prepared by Shri Zandu Bhattji, he gave the latter a piece of land on the bank of Rangamati River in Gujarat for preparing medicines there. This was the oldest factory manufacturing Ayurvedic drugs, established about 147 years ago from this date (Ras-Shala was established by Zandu Bhattji in August 1864 in Jamnagar).