HLL Lifecare

HLL Lifecare Limited
Public
Industry Health Care
Founded 1966, Thiruvananthapuram
Headquarters Thiruvananthapuram, Kerala, India
Key people
 R.P Khandelwal
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]

See also

References

  1. ↑ Hindustan Latex is world's largest condom producer Financial Express, Nov 24, 2007.
  2. ↑ "HLL Lifecare to launch chikungunya, dengue diagonstic kits". The Times Of India. 2012-08-08.
  3. ↑ http://www.ibtimes.co.in/govt-opens-amrit-pharmacy-sell-cancer-drugs-60-90-per-cent-discount-654935
  4. ↑ "LifeSpring Hospitals". Acumen Fund website.
  5. ↑ "Current Investors". LifeSpring website.
  6. ↑ "How services firms in India are using disruptive innovation". Mint (newspaper). Feb 3, 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.
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