HLL Lifecare

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HLL Lifecare Limited
state-owned enterprise
IndustryHealth Care
Founded1966, Thiruvananthapuram
HeadquartersThiruvananthapuram, Kerala, India
Key people
K B George
Chairman & Managing Director
ProductsCondoms
Hormonal contraception
Surgical Equipment
RevenueIncreaseINR 1059 crores
(FY 2014-2015 provisional)
INR 42 crores provisional
Websitewww.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]

  1. ^ "HLL Lifecare - Home". www.lifecarehll.com. Retrieved 22 February 2019.
  2. ^ Hindustan Latex is world's largest condom producer Financial Express, 24 November 2007.
  3. ^ "HLL Lifecare to launch chikungunya, dengue diagonstic kits". The Times Of India. 8 August 2012.
  4. ^ "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.
  5. ^ "LifeSpring Hospitals". Acumen Fund website. Archived from the original on 22 December 2010. Cite uses deprecated parameter |deadurl= (help); Italic or bold markup not allowed in: |publisher= (help)
  6. ^ "Current Investors". LifeSpring website. Archived from the original on 21 July 2011. Cite uses deprecated parameter |deadurl= (help)
  7. ^ "How services firms in India are using disruptive innovation". Mint. 3 February 2011.
  8. ^ "HLL Case Study" (PDF). siteresources.worldbank.
  9. ^ "HLL Lifecare acquires 74% Stake in Goa Antibiotics Ltd". IANS. news.biharprabha.com. Retrieved 25 February 2014.
  10. ^ http://www.newindianexpress.com/business/2018/jan/05/government-begins-process-to-sell-stake-in-three-firms-1745049.html
  11. ^ "Health ministry opposes govt plan to privatise HLL". The Indian Express. 31 July 2017. Retrieved 22 February 2019.
  12. ^ "Kerala wants Centre to drop HLL Life Care privatisation". Deccan Chronicle. 20 March 2018. Retrieved 22 February 2019.

External links[edit]