It was in the year 1913 that some lovers of Ayurved founded ‘Ayurved Prasarak Mandali’ and ‘Aryangla Vaidyak Vidyalaya’, at Satara, with a view to impart education in Ayurved, supplemented by modern Medicine. This probably was the first institution of its type in the state of Maharashtra. In the year 1918 Dr. M. N. Agashe, the first graduate of modern medicine, from Satara, joined A. V. Vidyalaya as a teacher. With this versatile intellect he got interested in the study of ancient science of Ayurved and gleaned a great deal of knowledge from his colleague teachers and by critical study of the scriptures. He started using Ayurvedic medicine in his private practice. There were no Ayurvedic pharmacies in those days and vaidyas used to prepare their own medicines. Experiencing the need of practical training of pharmacy to the students of the Vidyalaya and of the supply of readymade medicines to the practitioners of Ayurved, he established ‘Ayurvedeeya Arkashala’, a private concern, at his own residence, with the help of Vaidya Shri. S. N. Ranade, a person of experience in ayurvedic pharmacy, in the year 1926. Dr. M.N. Agashe was a graduate of modern medicine, he had a keen interest in Ayurvedic system of medicine. His aim was to provide effective and reliable Ayurvedic medicines to treat common ailments with minimal side effects, at low cost.Later on due to the expansion of business and the financial demands, the concern was converted into a public limited company and was shifted to spacious accommodations. Under the able guidance of selfless and devoted administrators like Acharya Venimadhav Shastri Joshi, Dr. V. L. Agashe, Shri R. N. Godbole, Shri. Arun R. Godbole and veteran consultants like Vd. S. N. Ranade, Vd. D. V. Bodas, Vd. G. A. Phadake, Arkashala has flourished into renowned and reliable ayurvedic pharmaceutical concern, that never compromises on quality and adherence to procedures mentioned in ancient ayurvedic texts. Arkashala has several branches and depots in Maharashtra, Karnataka, Andhra Pradesh and Telangana.
Ayurvedeeya Arkashala has completed 92 years and celebrated Amrit Mahotsava on 27th Dec. 2001 with a feeling of great pride.
Currently the company is making steady progress under the leadership of Chairman Dr.R.G.Harshe.