Adonis Laboratories belongs to the Shah family of the erstwhile Shah-Bajaj group.
The flagship company of the erstwhile Shah-Bajaj group was Mukand Ltd , the leading speciality steel manufacturing company in India . It is the second oldest steel company in India in the private sector after Tata Steel . Other interests of the Shah family are in mining , food , real estate development and investing in tech companies. The Bajaj Group is extremely well known for its presence in motorcycles, finance, insurance and electrical products.