Jump to content

Agilus Diagnostics: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
not in source, possible WP:OR
Restored revision 1210001702 by Nthep (talk): Last good
Line 1: Line 1:

{{Short description|Indian diagnostics chain}}
{{Short description|Indian diagnostics chain}}
{{Infobox company
{{Infobox company
| name = Agilus Diagnostics
| name = Agilus Diagnostics
| logo = Agilus Diagnostics Logo.png
| logo =
| trade_name =
| trade_name =
| former_name = SRL Limited<ref>{{cite news |last1=Unnikrishnan |first1=C. H. |title=SRL Ranbaxy mulls merger with Fortis Health |url=https://www.livemint.com/Companies/p1zXW9BWaZbWHyBffrKc1N/SRL-Ranbaxy-mulls-merger-with-Fortis-Health.html |access-date=9 January 2023 |work=Mint |date=22 August 2008 |language=en}}</ref>
| former_name = SRL Limited<ref>{{cite news |last1=Unnikrishnan |first1=C. H. |title=SRL Ranbaxy mulls merger with Fortis Health |url=https://www.livemint.com/Companies/p1zXW9BWaZbWHyBffrKc1N/SRL-Ranbaxy-mulls-merger-with-Fortis-Health.html |access-date=9 January 2023 |work=Mint |date=22 August 2008 |language=en}}</ref>
Line 24: Line 25:


==History==
==History==
In 1995, The company was incorporated on dated 07/07/1995 as "Specialty Ranbaxy Limited" is a joint venture equally owned by Specialty Laboratories Inc. a single largest source of specialized medical testing in the USA, and "Ranbaxy Laboratories Limited", the leading Indian pharmaceutical company by brothers [[Shivinder Mohan Singh]] and [[Malvinder Mohan Singh]]. Both brother is a businessman who is now under arrest for criminal breach of trust and financial fraud, both has many cases of financial fraud registered against him. In the early hours of 11 October 2019, Malvinder was arrested near Ludhiana, India, on account of a Rs. 740 crore fraud case against him and his brother Shivinder.<ref>{{Cite web |title=Ranbaxy Ex-Promoters Malvinder, Shivinder Singh Arrested In Fraud Case |url=https://www.ndtv.com/india-news/ranbaxy-ex-promoter-shivinder-singh-arrested-in-fraud-case-by-delhi-police-2114785 |access-date=2024-10-30 |website=NDTV.com}}</ref>


Moreover; In 2001 Company Name Changed From "Specialty Ranbaxy Limited" To " SRL Ranbaxy Limited". In 2008 Company Name Changed From "SRL Ranbaxy Limited" To "Super Religare Laboratories Limited". In 2012 Company Name Changed From "Super Religare Laboratories Limited" To "SRL Limited".<ref>{{Cite news |last=Vijayraghavan |first=Kala |date=2012-08-08 |title=Super Religare Laboratories rechristens itself as 'SRL Diagnostics'; launches new logo |url=https://economictimes.indiatimes.com/news/company/corporate-trends/super-religare-laboratories-rechristens-itself-as-srl-diagnostics-launches-new-logo/articleshow/15402356.cms?from=mdr |access-date=2024-10-30 |work=The Economic Times |issn=0013-0389}}</ref> Finally, In 2023 Company Name Changed From "SRL Limited" To "Agilus Diagnostics Limited".<ref>{{Cite news |last=Pilla |first=Viswanath |date=2023-05-27 |title=SRL Diagnostics rebrands as Agilus Diagnostics |url=https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/srl-diagnostics-rebrands-as-agilus-diagnostics/articleshow/100555193.cms?from=mdr |access-date=2024-10-30 |work=The Economic Times |issn=0013-0389}}</ref>
The company was founded in 1995 by brothers [[Shivinder Mohan Singh]] and [[Malvinder Mohan Singh]] as SRL Ranbaxy, a division of [[Ranbaxy Laboratories]].<ref>{{cite news |last1=Kandhari |first1=Ruhi |title=Can IHH help SRL finally scratch its 10-year itch? |url=https://the-ken.com/story/ihh-srl-scratch-10-year-itch/ |access-date=9 January 2023 |work=The Ken |date=7 May 2019}}</ref> It became the first pathology company in India to receive accreditation from [[National Accreditation Board for Testing and Calibration Laboratories|National Accreditation Board]].<ref>{{cite news |last1=D'Silva |first1=Jeetha |title=SRL Ranbaxy plans to set up four more labs |url=https://economictimes.indiatimes.com/srl-ranbaxy-plans-to-set-up-four-more-labs/articleshow/39801162.cms |access-date=9 January 2023 |work=The Economic Times}}</ref>


In 2008, SRL Ranbaxy was renamed as Super Religare Laboratories.<ref>{{cite news |title=SRL Ranbaxy rechristened as Super Religare Lab |url=https://www.livemint.com/Companies/lRChPDXFOaUyRgQz7eXgSI/SRL-Ranbaxy-rechristened-as-Super-Religare-Lab.html |access-date=9 January 2023 |work=mint |date=29 September 2008 |language=en}}</ref>
The company name changed more than 5 Times in past 25 years and Agilus Diagnostics Limited enjoying benefits without obtained Brand License agreement from SRL Group Company. Always kept pending or Incomplete the business formalities with SRL Group and failed to renew the Brand license agreement, not make payment towards using Brand name SRL Diagnostics since 2012-2023, and changes the Name frequently.<ref>{{Cite web |last= |first= |date=2023-05-31 |title=SRL’s rebranding to Agilus under scanner in Delhi HC |url=https://www.thehindubusinessline.com/companies/srls-rebranding-to-agilus-under-scanner-in-delhi-hc/article66916813.ece |access-date=2024-10-30 |website=BusinessLine |language=en}}</ref>


⚫
In 2010, SRL acquired Piramal Diagnostic Services and its network of 107 laboratories from [[Piramal Group|Piramal Healthcare]] for {{INR}}600 crore.<ref>{{cite news |title=Piramal Healthcare completes sale of diagnostics arm to SRL |url=https://www.business-standard.com/article/companies/piramal-healthcare-completes-sale-of-diagnostics-arm-to-srl-110082100115_1.html |access-date=9 January 2023 |work=Business Standard India |date=21 August 2010}}</ref>
==Business Acquisition==
⚫
In 2010, Super Religare Laboratories Limited acquired Piramal Diagnostic Services and its network of 107 laboratories from [[Piramal Group|Piramal Healthcare]] for {{INR}}600 crore.<ref>{{cite news |title=Piramal Healthcare completes sale of diagnostics arm to SRL |url=https://www.business-standard.com/article/companies/piramal-healthcare-completes-sale-of-diagnostics-arm-to-srl-110082100115_1.html |access-date=9 January 2023 |work=Business Standard India |date=21 August 2010}}</ref>


In 2011, [[Fortis Healthcare]] completed the acquisition of 74.59% stake in SRL.<ref>{{cite news |title=Fortis completes acquisition of 74.59% stake in SRL |url=https://www.business-standard.com/article/companies/fortis-completes-acquisition-of-74-59-stake-in-srl-111051200262_1.html |access-date=9 January 2023 |work=Business Standard India |date=12 May 2011}}</ref> After being acquired by Fortis, the company rebranded itself as SRL Diagnostics.<ref>{{cite news |last1=Vijayraghavan |first1=Kala |title=Super Religare Laboratories rechristens itself as 'SRL Diagnostics'; launches new logo |url=https://economictimes.indiatimes.com/news/company/corporate-trends/super-religare-laboratories-rechristens-itself-as-srl-diagnostics-launches-new-logo/articleshow/15402356.cms |access-date=9 January 2023 |work=The Economic Times}}</ref>
In 2011, [[Fortis Healthcare]] completed the acquisition of 74.59% stake in SRL.<ref>{{cite news |title=Fortis completes acquisition of 74.59% stake in SRL |url=https://www.business-standard.com/article/companies/fortis-completes-acquisition-of-74-59-stake-in-srl-111051200262_1.html |access-date=9 January 2023 |work=Business Standard India |date=12 May 2011}}</ref> After being acquired by Fortis, the company rebranded itself as SRL Diagnostics.<ref>{{cite news |last1=Vijayraghavan |first1=Kala |title=Super Religare Laboratories rechristens itself as 'SRL Diagnostics'; launches new logo |url=https://economictimes.indiatimes.com/news/company/corporate-trends/super-religare-laboratories-rechristens-itself-as-srl-diagnostics-launches-new-logo/articleshow/15402356.cms |access-date=9 January 2023 |work=The Economic Times}}</ref>


In 2021, Super Religare Laboratories Limited acquired the remaining stake in its [[Kerala]]-based joint venture, DDRC, for {{INR}}350 crore. With the addition of DDRC's 220 labs to its lab network, Super Religare Laboratories Limited became the biggest pathology lab chain in India with a total of 430 labs.<ref>{{cite news |last1=Jayan |first1=T. V. |title=Super Religare Laboratories Limited becomes India's largest pathlab chain after acquiring DDRC |url=https://www.thehindubusinessline.com/companies/srl-becomes-indias-largest-pathlab-chain-after-acquiring-ddrc/article34199522.ece |access-date=9 January 2023 |work=The Hindu Businessline |date=30 March 2021 |language=en}}</ref>
In 2021, SRL acquired the remaining stake in its [[Kerala]]-based joint venture, DDRC, for {{INR}}350 crore. With the addition of DDRC's 220 labs to its lab network, SRL became the biggest pathology lab chain in India with a total of 430 labs.<ref>{{cite news |last1=Jayan |first1=T. V. |title=SRL becomes India’s largest pathlab chain after acquiring DDRC |url=https://www.thehindubusinessline.com/companies/srl-becomes-indias-largest-pathlab-chain-after-acquiring-ddrc/article34199522.ece |access-date=9 January 2023 |work=The Hindu Businessline |date=30 March 2021 |language=en}}</ref>


In 2023, SRL Limited was involved in brand litigation and failed to meet legal compliance requirements. As a result, SRL Group did not grant the brand license for "SRL Diagnostics" to SRL Limited. Consequently, SRL Limited was unable to use the "SRL Diagnostics" brand and changed its company name to Agilus Diagnostics Limited. <ref>{{Cite news |last=Pilla |first=Viswanath |date=2023-05-27 |title=SRL Diagnostics rebrands as Agilus Diagnostics |work=[[The Economic Times]] |url=https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/srl-diagnostics-rebrands-as-agilus-diagnostics/articleshow/100555193.cms |access-date=2023-12-09 |issn=0013-0389}}</ref>
In 2023, SRL Diagnostics changed its name to Agilus Diagnostics.<ref>{{Cite news |last=Pilla |first=Viswanath |date=2023-05-27 |title=SRL Diagnostics rebrands as Agilus Diagnostics |work=[[The Economic Times]] |url=https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/srl-diagnostics-rebrands-as-agilus-diagnostics/articleshow/100555193.cms |access-date=2023-12-09 |issn=0013-0389}}</ref>


==Operations==
==Operations==
{{third-party|section|date=November 2018}}
Agilus has two reference labs one in [[Goregaon]] (Mumbai), and one in [[Gurgaon]] (Haryana), India. The company has more than 418 networking laboratories,<ref>{{Cite web|url=https://agilusdiagnostics.com/about-us/about-srl|title = Agilus Diagnostics}}</ref> including four "Centers of Excellence", 26 radiology/imaging centers, 40 NABL accredited, and four CAP-accredited labs and a footprint spanning over 9000 collection points in India.<ref>{{Cite web|url=https://www.ibef.org/industry/healthcare-india/showcase/srl-diagnostics|title=According to Ibef.org}}</ref> Along with this, the company also has large labs in [[Dubai]], [[Sri Lanka]] and [[Nepal]], and about 70 different collection points in various countries outside India.<ref>{{Cite news|url=https://news.microsoft.com/en-in/microsoft-partners-with-srl-diagnostics-to-expand-ai-network-for-healthcare-to-pathology/|title=Microsoft News}}</ref>
Agilus has two reference labs one in [[Goregaon]] (Mumbai), and one in [[Gurgaon]] (Haryana), India. The company has more than 418 networking laboratories,<ref>{{Cite web|url=https://agilusdiagnostics.com/about-us/about-srl|title = Agilus Diagnostics}}</ref> including four "Centers of Excellence", 26 radiology/imaging centers, 40 NABL accredited, and four CAP-accredited labs and a footprint spanning over 9000 collection points in India.<ref>{{Cite web|url=https://www.ibef.org/industry/healthcare-india/showcase/srl-diagnostics|title=According to Ibef.org}}</ref> Along with this, the company also has large labs in [[Dubai]], [[Sri Lanka]] and [[Nepal]], and about 70 different collection points in various countries outside India.<ref>{{Cite news|url=https://news.microsoft.com/en-in/microsoft-partners-with-srl-diagnostics-to-expand-ai-network-for-healthcare-to-pathology/|title=Microsoft News}}</ref>


Revision as of 21:11, 29 November 2024

Agilus Diagnostics
FormerlySRL Limited[1]
Company typePublic
IndustryDiagnostics
Founded07 July 1995; 29 years ago (07 July 1995)
Headquarters
Gurgaon, Haryana, India
Number of locations
418+
Area served
India, Dubai, Afghanistan and Nepal
Key people
Anand Kuppuswamy (MD & CEO)[2]
ServicesPathology, Radiology
RevenueIncrease ₹1,605 crore (US$190 million) (FY22)[3]
Increase ₹425 crore (US$51 million) (FY22)[3]
Owners
Subsidiaries
  • Agilus Pathlabs Reach Limited
  • DDRC Agilus Pathlabs Limited
Websiteagilusdiagnostics.com

Agilus Diagnostics Limited (formerly known as SRL Limited) is an Indian multinational diagnostics company providing diagnostic services in pathology and radiology. Agilus Diagnostics has its headquarters and corporate office in Gurgaon.

History

The company was founded in 1995 by brothers Shivinder Mohan Singh and Malvinder Mohan Singh as SRL Ranbaxy, a division of Ranbaxy Laboratories.[5] It became the first pathology company in India to receive accreditation from National Accreditation Board.[6]

In 2008, SRL Ranbaxy was renamed as Super Religare Laboratories.[7]

In 2010, SRL acquired Piramal Diagnostic Services and its network of 107 laboratories from Piramal Healthcare for ₹600 crore.[8]

In 2011, Fortis Healthcare completed the acquisition of 74.59% stake in SRL.[9] After being acquired by Fortis, the company rebranded itself as SRL Diagnostics.[10]

In 2021, SRL acquired the remaining stake in its Kerala-based joint venture, DDRC, for ₹350 crore. With the addition of DDRC's 220 labs to its lab network, SRL became the biggest pathology lab chain in India with a total of 430 labs.[11]

In 2023, SRL Diagnostics changed its name to Agilus Diagnostics.[12]

Operations

Agilus has two reference labs one in Goregaon (Mumbai), and one in Gurgaon (Haryana), India. The company has more than 418 networking laboratories,[13] including four "Centers of Excellence", 26 radiology/imaging centers, 40 NABL accredited, and four CAP-accredited labs and a footprint spanning over 9000 collection points in India.[14] Along with this, the company also has large labs in Dubai, Sri Lanka and Nepal, and about 70 different collection points in various countries outside India.[15]

Agilus Diagnostics claims to offer more than 3,500 different tests in pathology, radiology, wellness, occupational health and clinical trials and also carries out more than 107,000 tests in a day.[16] Agilus Diagnostics operates diagnostic centres, collection centres, and laboratories. Agilus Diagnostics also offers tests in pathology covering biochemistry, immunology, herpetology, clinical pathology, histopathology and immunohistochemistry, microbiology, molecular biology, cytogenetics, and flow cytometry.[17]

References

  1. ^ Unnikrishnan, C. H. (22 August 2008). "SRL Ranbaxy mulls merger with Fortis Health". Mint. Retrieved 9 January 2023.
  2. ^ V, Narayanan (9 June 2022). "SRL Diagnostics to set up central reference lab in Chennai". The Hindu Businessline. Retrieved 9 January 2023.
  3. ^ a b "SRL Limited". CRISIL. Retrieved 6 January 2023.
  4. ^ "Agilus Diagnostics withdraws IPO plans, says SEBI". Moneycontrol. 22 February 2024. Retrieved 23 February 2024.
  5. ^ Kandhari, Ruhi (7 May 2019). "Can IHH help SRL finally scratch its 10-year itch?". The Ken. Retrieved 9 January 2023.
  6. ^ D'Silva, Jeetha. "SRL Ranbaxy plans to set up four more labs". The Economic Times. Retrieved 9 January 2023.
  7. ^ "SRL Ranbaxy rechristened as Super Religare Lab". mint. 29 September 2008. Retrieved 9 January 2023.
  8. ^ "Piramal Healthcare completes sale of diagnostics arm to SRL". Business Standard India. 21 August 2010. Retrieved 9 January 2023.
  9. ^ "Fortis completes acquisition of 74.59% stake in SRL". Business Standard India. 12 May 2011. Retrieved 9 January 2023.
  10. ^ Vijayraghavan, Kala. "Super Religare Laboratories rechristens itself as 'SRL Diagnostics'; launches new logo". The Economic Times. Retrieved 9 January 2023.
  11. ^ Jayan, T. V. (30 March 2021). "SRL becomes India's largest pathlab chain after acquiring DDRC". The Hindu Businessline. Retrieved 9 January 2023.
  12. ^ Pilla, Viswanath (2023-05-27). "SRL Diagnostics rebrands as Agilus Diagnostics". The Economic Times. ISSN 0013-0389. Retrieved 2023-12-09.
  13. ^ "Agilus Diagnostics".
  14. ^ "According to Ibef.org".
  15. ^ "Microsoft News".
  16. ^ "According to IBEF".
  17. ^ "Bloomberg". Bloomberg News.
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Agilus_Diagnostics&oldid=1260271335"