Multibagger Update: Indrayani Biotech rises 268 per cent in just one year! Multibagger Update: Indrayani Biotech rises 268 per cent in just one year! Incorporated in 1992, Indrayani Biotech Limited (IBL) is venturing into three verticals namely, food & hospitality, healthcare, and engineering. Mandar Wagh / Wednesday, June 8, 2022 / Article rating: 4.5 Incorporated in 1992, Indrayani Biotech Limited (IBL) is venturing into three verticals namely, food & hospitality, healthcare, and engineering.