Panjon Ltd. specializes in the production and commercialization of both... Panjon Ltd. specializes in the production and commercialization of both conventional (allopathic) and traditional (Ayurvedic) pharmaceutical goods. Its extensive product line encompasses tablets, balms, inhalers, and cough remedies, alongside its well-known Swad and Swad Chatpati digestive candies. Established in 1964 by Nagin Bhai Kothari, the firm's main operations are directed from its headquarters in Indore, India.