Hicare
 | |
| Formerly |
|
|---|---|
| Company type | Privately Held Company |
| Industry | Pest control |
| Founded | 2004 |
| Founder | Arumugham Mahendran |
| Headquarters | Mumbai |
Area served | India |
| Services | Pest Control, Bird Management, Products, Home Cleaning |
| Website | hicare.in |
HiCare is an Indian pest control company.
History
[edit]Hicare was founded in 2004 as part of the Godrej Group.[1] Its managing director was Arumugham Mahendran, who had previously founded a mosquito repellent company, Transelektra Domestic Products, which was acquired by Godrej in 1994.[2] Godrej sold an 80% stake in Hicare to the Danish services conglomerate ISS in 2009, and it became a wholly owned subsidiary of ISS in 2013.[3] In 2014, Mahendran left Godrej and, backed by a private equity fund, bought back Hicare from ISS.[2]
In 2017, the company expanded into the house cleaning and air purification markets,[1][4] in partnership with the Swedish firm Blueair.[5]
In April 2024, it was announced Hicare had been acquired by the British business services group, Rentokil Initial for an undisclosed amount.[6]
Partnership
[edit]In 2014, IVFA formed a partnership with Hicare's founder to make acquisition of the pest control company from Danish multinational ISS Global.[7]
References
[edit]- ^ a b "Hicare to invest Rs 100 cr to expand cleaning services - Times of India". The Times of India. Retrieved 2017-09-18.
- ^ a b "PE-backed ex-Godrej MD buys ISS Hicare - Times of India". The Times of India. Retrieved 2017-09-18.
- ^ Reporter, B. S. (2009-04-24). "Godrej sells services business HiCare to ISS". Business Standard India. Retrieved 2017-09-18.
- ^ Mishra, Lalatendu (2017-04-04). "Hicare enters air-purifier, home-cleaning segments". The Hindu. ISSN 0971-751X. Retrieved 2017-09-18.
- ^ Mukherjee, Writankar (2017-02-08). "Hicare partners with Blueair for selling air purifiers". The Economic Times. Retrieved 2017-09-18.
- ^ "Rentokil acquires Indian pest control business". Proactiveinvestors UK. 2024-04-02. Retrieved 2024-04-02.
- ^ "IVFA teams up with Hicare founder to acquire pest control firm". @businessline.