It is a fully Government of Kerala owned company and produces around 450 ayurvedic formulations.

He is also known as Midukkan Thampuran, a well known Ayurvedic physician with in-depth knowledge of Sanskrit and specialized in "Vishavaidyam" (Poison treatment).

In 1975, the company was registered and renamed as "The Pharmaceutical Corporation (Indian Medicines) Kerala Ltd" Thrissur.

The company has established 30-bed Pancha Karma Hospital and Research Institute at Thrissur City and a specialty centre for Ayurveda and Yoga at Sasthamangalam near Thiruvananthapuram.

Oushadhi is also supplying Ayurvedic medicines to 1,035 Government hospitals, dispensaries and five other states at concessional prices.