HLL Lifecare Limited (formerly Hindustan Latex Limited) (HLL) is an Indian

healthcare Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

product manufacturing company based in Thiruvananthapuram, Kerala, India. A Government of India -owned corporation ( Public-sector undertaking).

Products

It produces health care products, including:

condom A condom is a sheath-shaped barrier device used during sexual intercourse to reduce the probability of pregnancy or a sexually transmitted infection (STI). There are both male and female condoms. With proper use—and use at every act of in ...

s, contraceptive pills, IUDs,

surgical suture A surgical suture, also known as a stitch or stitches, is a medical device used to hold body tissues together and approximate wound edges after an injury or surgery. Application generally involves using a needle with an attached length of threa ...

s, blood bags and Pharma products. One of HLL's

contraceptive Birth control, also known as contraception, anticonception, and fertility control, is the use of methods or devices to prevent unwanted pregnancy. Birth control has been used since ancient times, but effective and safe methods of birth contr ...

products is

ormeloxifene Ormeloxifene, also known as centchroman, is one of the selective estrogen receptor modulators, or SERMs, a class of medication which acts on the estrogen receptor. It is best known as a nonsteroidal oral contraceptive which is taken once per we ...

, branded as '' Saheli'', the world’s first and only oral non-hormonal, non-steroidal oral contraceptive, taken as a weekly pill. In 2012, HLL announced a

polymerase A polymerase is an enzyme ( EC 2.7.7.6/7/19/48/49) that synthesizes long chains of polymers or nucleic acids. DNA polymerase and RNA polymerase are used to assemble DNA and RNA molecules, respectively, by copying a DNA template strand using base- ...

chain reaction based duplex test kit for chikungunya and

dengue fever Dengue fever is a mosquito-borne tropical disease caused by the dengue virus. Symptoms typically begin three to fourteen days after infection. These may include a high fever, headache, vomiting, muscle and joint pains, and a characterist ...

tests in collaboration with the Rajiv Gandhi Centre for Biotechnology, Trivandrum. 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. The name Amrit stands for Affordable Medicines and Reliable Implants for Treatment.

History

In 2005, HLL established LifeSpring Hospitals, a 50-50 joint venture with the Acumen Fund, a U.S.-based

nonprofit A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...

global venture

philanthropy Philanthropy is a form of altruism that consists of "private initiatives, for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private goo ...

fund, to provide low-cost maternity services, starting at Hyderabad. Today it has nine hospitals across Andhra Pradesh state. In February 2014, HLL acquired 74% Equity in Goa Antibiotics and Pharmaceuticals Ltd. HLL has its head office in Thiruvananthapuram and factories in 7 locations across India. Four of the factories were built in Kerala, such as Peroorkada, Aakkulam, Kakkanad and Irapuram. The rest 3 factories are in

Belgaum Belgaum (ISO 15919, ISO: ''Bēḷagāma''; also Belgaon and officially known as Belagavi) is a city in the Indian state of Karnataka located in its northern part along the Western Ghats. It is the administrative headquarters of the eponymous ...

, Manesar, and Indore. HLL currently has 220 pathology labs, 47 imaging centres and 6 labs under the brand name Hindlabs. It runs a total of 253 pharmacies across India. HLL runs a subsidiary with the name of HLL Infra Tech Services Ltd. In 2020-21 the company reported a turnover of ₹5,081 crore. In 2022 due to growing cases of stroke, the cabinet gave permission to have a collaboration with HLL Lifecare to build a hub and spoke model at various primary health centres (PHCs) for the required treatment.

HLL Divestment Bid

On 8 January 2018, the Government of India approved the

privatisation Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

of HLL Lifecare. But the Ministry of Health and Family Welfare and the Government of Kerala has opposed the Union Government's plan for

disinvestment Disinvestment refers to the use of a concerted economic boycott to pressure a government, industry, or company towards a change in policy, or in the case of governments, even regime change. The term was first used in the 1980s, most commonly in ...

of HLL Lifecare Limited. In 2021, the Central Government eventually finalized its plans to divest its whole stake in the company which will make it a private company. The Finance Ministry’s Department of Investment and Public Asset Management (DIPAM) on November 14, 2021 revealed a large portion of the company's business comes from central government projects.

References

External links

HLL Lifecare Limited

HLFPPT
Companies based in Thiruvananthapuram Health care companies of India Government-owned companies of India Indian companies established in 1966 Indian brands Health in Kerala Condoms 1966 establishments in Kerala {{kerala-stub

Products

History

HLL Divestment Bid

See also

References

External links