India’s favorite ayurvedic medicine maker is based out of a tax haven and has to make minimum disclosures at home.

I’ve grown up seeing a Liv.52 bottle by my parents’ bedside. There’s a faint childhood memory of my mother telling me to take a tablet every night before going to bed. It was good for the system, she would say. I wasn’t sold. It tasted bitter and my adolescent taste buds only craved something sweet.

I’ve always associated the tablet’s manufacturer, the Himalaya group, with ayurveda. And since ayurveda was Indian, so was Himalaya. In 2021, Himalaya found itself in the crosshairs of hepatologist Cyriac Abby Philips, who questioned the efficacy of Liv.52, a liver supplement that Himalaya calls its …