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Baidyanath is one of the oldest and most popular pharmaceutical firm specialising in Ayurvedic medicines.It has been manufacturing many highly popular items like Chyawanprash and Dashmularishta for several years. Shree Baidyanath Ayurved Bhawan (p) Limited was founded in 1917 by Late Pt. Ram Dayal Joshi. Its registered office is in Kolkata. To encourage and boost research in Ayurveda, Baidyanath established Pt. Ram Dayal Joshi Memorial Ayurvedic Research Institute at Patna in 1971. Baidyanath Group awards two hundred thousand rupees every year for the best research paper or book on Ayurveda.