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HLL Lifecare
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| File:HLL logo.JPG | |
| Industry | Health Care |
|---|---|
| Founded | 1966, Thiruvananthapuram |
| Headquarters | Thiruvananthapuram, Kerala, India |
Key people | K B George Chairman & Managing Director |
| Products | Condoms Hormonal contraception Surgical Equipment |
| Revenue |  INR 1059 crores (FY 2014-2015 provisional) |
| INR 42 crores provisional | |
| Website | www.lifecarehll.com |
HLL Lifecare Limited (formerly Hindustan Latex Limited) (HLL) is an Indian healthcare product manufacturing company based in Thiruvananthapuram, Kerala, India.[1] A Government of India-owned corporation (Public-sector undertaking).
Products[edit]
It produces health care products, including: condoms, contraceptive pills, IUDs, surgical sutures, blood bags and Pharma products. One of HLL's contraceptive products is ormeloxifene, branded as Saheli, the world’s first and only oral non-hormonal, non-steroidal oral contraceptive, taken as a weekly pill.[2] In 2012, HLL announced a polymerase chain reaction based duplex test kit for chikungunya and dengue fever tests in collaboration with the Rajiv Gandhi Centre for Biotechnology, Trivandrum.[3] In December 2015, they have tied up with the Government of India in setting up Amrit pharmacies across India for providing cheaper medicines for Cancer and Cardiovascular disorders.[4]
History[edit]
In 2005, HLL established LifeSpring Hospitals, a 50-50 joint venture with the Acumen Fund, a U.S.-based nonprofit global venture philanthropy fund, to provide low-cost maternity services, starting at Hyderabad. Today it has nine hospitals across Andhra Pradesh state.[5][6][7][8]
In February 2014, HLL acquired 74% Equity in Goa Antibiotics and Pharmaceuticals Ltd.[9]
HLL Divestment Bid[edit]
On 8 January 2018, the Government of India approved the privatisation of HLL Lifecare.[10] But the Ministry of Health and Family Welfare and the Government of Kerala has opposed the Union Government's plan for disinvestment of HLL Lifecare Limited.[11][12]
See also[edit]
References[edit]
- ↑ "HLL Lifecare - Home". www.lifecarehll.com. Retrieved 22 February 2019.
- ↑ Hindustan Latex is world's largest condom producer Financial Express, 24 November 2007.
- ↑ "HLL Lifecare to launch chikungunya, dengue diagonstic kits". The Times Of India. 8 August 2012.
- ↑ "Govt opens AMRIT pharmacy at AIIMS to sell cancer drugs at 60-90 per cent discount". International Business Times. 16 November 2015. Retrieved 24 April 2018.
- ↑ "LifeSpring Hospitals". Acumen Fund website. Archived from the original on 22 December 2010.
- ↑ "Current Investors". LifeSpring website. Archived from the original on 21 July 2011.
- ↑ "How services firms in India are using disruptive innovation". Mint. 3 February 2011.
- ↑ "HLL Case Study" (PDF). siteresources.worldbank.
- ↑ "HLL Lifecare acquires 74% Stake in Goa Antibiotics Ltd". IANS. news.biharprabha.com. Retrieved 25 February 2014.
- ↑ "Government begins process to sell stake in three firms". The New Indian Express. Retrieved 23 March 2021.
- ↑ "Health ministry opposes govt plan to privatise HLL". The Indian Express. 31 July 2017. Retrieved 22 February 2019.
- ↑ "Kerala wants Centre to drop HLL Life Care privatisation". Deccan Chronicle. 20 March 2018. Retrieved 22 February 2019.
External links[edit]
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