HLL Lifecare

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).

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
RevenueINR 1059 crores
(FY 2014-2015 provisional)
INR 42 crores provisional
Websitewww.lifecarehll.com

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.[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

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

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]

gollark: Can you ethically go out?
gollark: Can you silently go out?
gollark: Can you post-ironically go out?
gollark: Can you rationally go out?
gollark: Can you cryogenically go out?

See also

References
  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.
  6. "Current Investors". LifeSpring website. Archived from the original on 21 July 2011.
  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.



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