HLL Lifecare

HLL Lifecare Limited
Private
Industry Health Care
Founded 1966, Thiruvananthapuram
Headquarters Thiruvananthapuram, Kerala, India
Key people
 Dr. Rakesh Kumar Vats I.A.S
Chairman & Managing Director
Products Condoms
Hormonal contraception
Surgical Equipment
Revenue IncreaseINR 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 products manufacturing company based in Thiruvananthapuram, Kerala, India. A Government of India-owned corporation (Public-sector undertaking).

Products

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.[1] 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.[2] 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.[3]

History

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.[4][5][6][7]

In February 2014, HLL acquired 74% Equity in Goa Antibiotics and Pharmaceuticals Ltd.[8]

On 8 January 2018, the Government of India approved the privatization of HLL Lifecare.[9]

See also

References

  1. ↑ Hindustan Latex is world's largest condom producer Financial Express, 24 November 2007.
  2. ↑ "HLL Lifecare to launch chikungunya, dengue diagonstic kits". The Times Of India. 2012-08-08.
  3. ↑ "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.
  4. ↑ "LifeSpring Hospitals". Acumen Fund website. Archived from the original on 2010-12-22.
  5. ↑ "Current Investors". LifeSpring website. Archived from the original on 2011-07-21.
  6. ↑ "How services firms in India are using disruptive innovation". Mint. 3 February 2011.
  7. ↑ "HLL Case Study" (PDF). siteresources.worldbank.
  8. ↑ "HLL Lifecare acquires 74% Stake in Goa Antibiotics Ltd". IANS. news.biharprabha.com. Retrieved 25 February 2014.
  9. ↑ http://www.newindianexpress.com/business/2018/jan/05/government-begins-process-to-sell-stake-in-three-firms-1745049.html


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