Vaidya Gangadharshastri Puranik took reins of the company in his hands in 1933. In the same year he and his younger brother Shree Mahadevshastri Puranik established ‘Shree Dhootapapeshwar Ayurved Trust’ in memory of their late father Shree Vishnushastri Puranik. This trust gave funds for the research work on basic principles of Ayurvedic Medicine.

The trust in 1934 started a 30 bed Ayurvedic Hospital named ‘Ayurved Rugnalaya’. For next 50 years many Ayurvedic doctors provided their services to the society through this hospital. Today 'Shree Dhootapapeshwar Ayurved Trust' is a registered trust dedicated to the cause of Ayurved. Its activities touch diverse fields such as organic cultivation, free healthcare camps and liaisons with Ayurvedic fraternity. 'Shree Dhootapapeshwar Ayurved Research Foundation' is located at Panvel, Maharashtra and is carrying out various activities.