Established in 1910 by Pattani, Prime Minister of the erstwhile state of Bhavnagar with Zandu Bhatt, Zandu went public in 1919 with the issuance of stocks. The company derives its name from Vaidhya Zandu Bhattji, the original founder of the firm named Zandu Pharmaceuticals. He was a renowned Vaidhya not only of Gujarat but India in late 19th century and early 20th century. The Vaidhya familys stake has been sold to Emami in 2008.