Agilus Diagnostics
 | |
| Formerly | SRL Limited[1] |
|---|---|
| Type | Public |
| Industry | Diagnostics |
| Founded | 7 July 1995 |
| Headquarters | |
Number of locations | 418+ |
Area served | India, Dubai, Afghanistan and Nepal |
Key people | Anand Kuppuswamy (MD & CEO)[2] |
| Services | Pathology, Radiology |
| Revenue |  ₹1,605 crore (US$170 million) (FY22)[3] |
| ₹425 crore (US$44 million) (FY22)[3] | |
| Owners |
|
| Subsidiaries |
|
| Website | agilusdiagnostics |
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
[edit]The company was founded in 1995 by Dr. Parvinder Singh, Chairman and Managing Director of Ranbaxy Laboratories and James B. Peter, M.D., Ph.D., Chairman and CEO of Specialty Laboratories, Inc., Santa Monica, CA, USA, as Specialty Ranbaxy Limited (SRL), a 50:50 joint venture between Ranbaxy Laboratories and US-based Specialty Laboratories.[5][6] It became the first pathology company in India to receive accreditation from National Accreditation Board.[7]
In 2001, SRL became a wholly owned subsidiary of Ranbaxy Laboratories after Ranbaxy bought out Specialty Laboratories' stake; the company was subsequently renamed SRL Ranbaxy.[8]
In 2008, SRL Ranbaxy was renamed as Super Religare Laboratories.[9]
In 2010, Super Religare Laboratories acquired Piramal Diagnostic Services and its network of 107 laboratories from Piramal Healthcare for ₹600 crore.[10]
In 2011, Fortis Healthcare completed the acquisition of 74.59% stake in Super Religare Laboratories.[11] After being acquired by Fortis, the company rebranded itself as SRL Diagnostics.[12]
In 2021, SRL Diagnostics 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.[13]
In 2023, SRL Diagnostics changed its name to Agilus Diagnostics.[14]
Arrest
[edit]In 2019, the founder of the company Shivinder Mohan Singh and Malvinder Mohan Singh were arrested for reported perceived crimes to the Delhi police Economic Offences Wing.[15][16][17]
References
[edit]- ↑ Unnikrishnan, C. H. (22 August 2008). "SRL Ranbaxy mulls merger with Fortis Health". Mint. Retrieved 9 January 2023.
- ↑ V, Narayanan (9 June 2022). "SRL Diagnostics to set up central reference lab in Chennai". The Hindu Businessline. Retrieved 9 January 2023.
- 1 2 "SRL Limited". CRISIL. Retrieved 6 January 2023.
- ↑ "Agilus Diagnostics withdraws IPO plans, says SEBI". Moneycontrol. 22 February 2024. Retrieved 23 February 2024.
- ↑ "Ranbaxy, Specialty Lab Unit To Be Opened Today". Business Standard. Retrieved 29 November 2024.
- ↑ Kandhari, Ruhi (7 May 2019). "Can IHH help SRL finally scratch its 10-year itch?". The Ken. Retrieved 9 January 2023.
- ↑ D'Silva, Jeetha. "SRL Ranbaxy plans to set up four more labs". The Economic Times. Retrieved 9 January 2023.
- ↑ "Specialty, Ranbaxy to call it a day". The Times of India. 25 July 2001. Retrieved 29 November 2024.
- ↑ "SRL Ranbaxy rechristened as Super Religare Lab". mint. 29 September 2008. Retrieved 9 January 2023.
- ↑ "Piramal Healthcare completes sale of diagnostics arm to SRL". Business Standard India. 21 August 2010. Retrieved 9 January 2023.
- ↑ "Fortis completes acquisition of 74.59% stake in SRL". Business Standard India. 12 May 2011. Retrieved 9 January 2023.
- ↑ Vijayraghavan, Kala. "Super Religare Laboratories rechristens itself as 'SRL Diagnostics'; launches new logo". The Economic Times. Retrieved 9 January 2023.
- ↑ Jayan, T. V. (30 March 2021). "SRL becomes India's largest pathlab chain after acquiring DDRC". The Hindu Businessline. Retrieved 9 January 2023.
- ↑ Pilla, Viswanath (27 May 2023). "SRL Diagnostics rebrands as Agilus Diagnostics". The Economic Times. ISSN 0013-0389. Retrieved 9 December 2023.
- ↑ BBC News Staff (11 October 2019). "India Pharma Brothers Arrested Over '$330m Fraud'". BBC.com. Retrieved 31 October 2024.
- ↑ WebDesk, Tehelka (11 October 2019). "Delhi police arrests ex-Ranbaxy promoter Malvinder Singh, hours after brother Shivinder's arrest | Tehelka". tehelka.com. Retrieved 12 November 2019.
- ↑ Das, Shaswati (11 October 2019). "Late night chase ends, Delhi police formally arrests Malvinder Singh". livemint.com. Retrieved 11 October 2019.