In 1990, the Zandu Foundation for Health Care (ZFHC) was set up with mandate to carry out research and developmental activities on medicinal plants and transfer of technologies to the farmers for commercial cultivation by the visionary and legendary figure Late Dr. K. M. Parikh and registered under Bombay Public Trust Act, 1950 on 31st December, 1990 vide registration number is F-14266 and under Society Registration Act, 1860 vide registration number MAH 317/1990-91 dated 12 June, 1990 (DARPAN Registration No. is MH/2017/0169445). Subsequently, the Foundation was recognized by the Govt. of India, Ministry of Science and Technology, as “Scientific Industrial Research Organization” (SIRO). The Foundation has also been granted exemption certificate under section 35, clause (ii) of sub-section (I) of the income tax act, 1961 under the category institution.