>BrownHairedGirl at 20:52, 7 April 2021

2021-04-07T20:52:12Z

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{{Use dmy dates|date=February 2016}}
{{Infobox company
| name = Dr Lal PathLabs
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| type = [[Public company|Public]]
| traded_as = {{Bombay Stock Exchange|539524}}<br />{{NSE|LALPATHLAB}}
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| industry = Healthcare
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| founded = 1949 
| founder = Doctor S. K. Lal 
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| hq_location_city = [[Delhi]]
| hq_location_country = [[India]]
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| num_locations = 190<ref name="official">{{cite web | url=https://www.lalpathlabs.com/find-a-lab.aspx | title=Dr. Lal PathLabs – Find a Lab}}</ref>
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| key_people = Dr [[Arvind Lal]] (Chairman), Dr Om Manchanda (CEO)
| products =
| brands = Swasthfit, Sugarnme, OncoPro,NephroPro
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| revenue = 1,056.9 crore FY2018 (912.4 Crore in FY 2017)<ref name="Business Standard">{{cite web | url=https://www.moneycontrol.com/news/business/dr-lal-pathlabs-q4-net-up-27-pc-at-rs-40-cr-2568395.html }}</ref>
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| num_employees = 3941 (2019)
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| website = {{URL|www.lalpathlabs.com}}
}}
'''Dr. Lal PathLabs Limited''' is an international service provider of diagnostic and related healthcare tests.<ref>{{Cite web|title = Dr. Lal PathLabs Limited IPO (Dr. Lal PathLabs Private Limited IPO)-Issue Details|url = http://moneydial.com/dr-lal-pathlabs-limited-ipo-dr-lal-pathlabs-private-limited-ipo-issue-details/|website = MoneyDial-The Online Way to In-line Your Investment|access-date = 8 February 2016|language = en-US}}</ref> Based in Delhi, the company offers a broad range of tests on blood, urine and other human body [[Organ (anatomy)|viscera]].

== History ==
Dr. Lal PathLabs was started in 1949, by the late Dr. S. K. Lal.<ref name=Indiansharebroker>{{Cite web|title = Dr. Lal Path Labs IPO – Should you invest {{!}} Stock brokers|url = http://www.indiansharebroker.com/dr-lal-path-labs-ipo-should-you-invest/|last=Sinho|first=Samved|date=3 December 2015|website=Indian Share Broker|access-date=8 February 2016}}</ref> The first laboratory was set up by Dr. S.K Lal in [[Delhi, India]].<ref>{{Cite web|title = Dr Lal PathLabs|url = http://www.ibef.org/industry/healthcare-india/showcase/dr-lal-pathlabs|publisher = [[India Brand Equity Foundation]]|access-date = 8 February 2016}}</ref> Dr. Lal was a Junior Doctor in the [[British Indian Army]] and studied pathology from the [[Armed Forces Medical College (India)|Armed Forces Medical College]] in [[Pune]], with additional training in pathology at [[John H. Stroger, Jr. Hospital of Cook County|Cook County Hospital]] in [[Chicago]].<ref>{{Cite web|title = Country's oldest path lab chain to go public with Rs 638-cr IPO|url = http://orbitcollection.in/news/381312/country-s-oldest-path-lab-chain-to-go-public-with-rs-638-cr-ipo|website = Orbit Collection – Live News in one line|access-date = 8 February 2016|archive-url = https://web.archive.org/web/20170808194942/http://orbitcollection.in/news/381312/country-s-oldest-path-lab-chain-to-go-public-with-rs-638-cr-ipo|archive-date = 8 August 2017|url-status = dead}}</ref><ref>{{Cite web|title = Dr Lal PathLabs |publisher=[[CrunchBase]]|url = https://www.crunchbase.com/organization/dr-lal-pathlabs#/entity|access-date = 8 February 2016}}</ref> The main operation of Dr. Lal Path Labs deals with the performing of diagnosis and testing, including routine tests (including blood tests), specialized tests (e.g., viral and [[bacterial]] [[infection]] tests) and preventive screenings.<ref name=Indiansharebroker />

In 2013, Dr. Lal PathLabs was awarded Best Diagnostic Service [[Company]] by [[VCCircle]]. VCCircle stated: "Dr Lal Path Labs has been able to create a brand with scale in a fragmented market. Dr Lal Path Labs is present in 800 cities with 2,000 collections centres, and caters to around 10 million [[patients]] a year."<ref>{{Cite web|title = Take a look at winners of VCCircle Healthcare Awards 2013 |publisher=[[VCCircle]]|url = http://www.vccircle.com/news/health-care/2013/10/01/take-look-winners-vccircle-healthcare-awards-2013|access-date = 10 February 2016}}</ref>

In 2014, Dr. Lal PathLabs acquired the APL Clinical Institute of Clinical Laboratory & Research Private Limited.<ref>{{Cite web|title = Dr. Lal Pathlabs Ltd.|url = http://economictimes.indiatimes.com/dr.-lal-pathlabs-ltd/infocompanyhistory/companyid-63225.cms|website = The Times of India|access-date = 8 February 2016}}</ref>

== Controversies ==
=== Zika outbreak ===
While [[Zika virus|Zika]] has not been reported in India (as of 6 February 2016), on 3 February 2016, Dr. Lal PathLabs and other competing pathology labs announced they were preparing Zika test kits.<ref>{{Cite web|title = In India, Zika detection test to hit market by March, cost pegged at Rs 5,000|url = http://www.hindustantimes.com/business/in-india-zika-detection-test-to-hit-market-by-march-cost-pegged-at-rs-5-000himani-chandna/story-vuNMNuZgkHwGJ2jACML7JN.html|website = Hindustan Times|access-date = 10 February 2016}}</ref> Dr. Lal PathLabs reported they plan to sell their kits for Rs 4500 (€60). However, several days later IndiaToday reported: "the Union Ministry of Health pulled up private players, saying they cannot cash in on a public health emergency" and also reported that Dr. Vandana Lal (Executive Director of Dr. Lal PathLabs) stated: "We don't want to talk on this matter. We don't have any tests for Zika virus and we are also not importing any test kits for the same. If at all we plan to do something, we will take the government's prior permission."<ref>{{Cite web|title = Health Ministry pulls up laboratories for trying to cash in on Zika scare|url = http://indiatoday.intoday.in/story/health-ministry-pulls-up-labs-for-trying-to-cash-in-on-zika-scare/1/589177.html|website = India Today|access-date = 10 February 2016}}</ref>

== Infrastructure ==
The company has 200 laboratories and diagnostic centres with approximately 1500 collection centres across India.<ref name="official" /> They have also worked with BD India to open a "Centre of Excellence in Phlebotomy", a centre for training healthcare in the process of safely collecting blood samples.<ref>{{Cite web|title = BD India and Dr Lal PathLabs launch COE in phlebotomy|url = http://www.financialexpress.com/article/healthcare/market/bd-india-and-dr-lal-pathlabs-launch-coe-in-phlebotomy-2/97294/|website = The Financial Express|date = 8 July 2015|access-date = 10 February 2016}}</ref>

== Laboratory Accreditations ==
*[[ISO 9001:2008]] certification from [[British Standards Institution]] (BSI)<ref>{{Cite web|title = Organisers & Partners|url = http://eindia.eletsonline.com/2013/Hyderabad/partners/|website = eletsonline.com|access-date = 14 February 2016}}</ref>
*[[National Accreditation Board for Testing and Calibration Laboratories]] (NABL), Ministry of Science and Technology, [[Government of India]].<ref>{{Cite web|title = DIRECTORY of ACCREDITED MEDICAL TESTING LABORATORIES|url = http://www.nabl-india.org/nabl/file_download.php?filename=201503030338-NABL-600-doc.pdf.|website = nabl-india.org|access-date = 14 February 2016}}</ref>

==Awards and recognition==
*Dr. Lal PathLabs The CNBC TV 18 Emerging Company of the Year award in 2008<ref>{{Cite web|title = Cnbc Tv18 Emerging India Award|url = http://www.moneycontrol.com/news-topic/cnbc-tv18-emerging-india-award/40|website = moneycontrol.com|access-date = 14 February 2016}}</ref>
*The Best Diagnostic Service Company in India at VCCircle Healthcare summit 2013.<ref>{{Cite web|title = Take a look at winners of VCCircle Healthcare Awards 2013|url = http://www.vccircle.com/news/health-care/2013/10/01/take-look-winners-vccircle-healthcare-awards-2013|website = VCCircle|access-date = 14 February 2016}}</ref>
*Diagnostic Service Provider Company of the Year 2012 by Frost and Sullivan.<ref>{{Cite web|title = FROST & SULLIVAN 4th ANNUAL INDIA HEALTHCARE EXCELLENCE AWARDS 2012|url = http://www.frost.com/prod/servlet/cpo/265030858|website = frost.com|access-date = 14 February 2016}}</ref>
*Award for Service Excellence (Diagnostic Centre) for the Year 2018 by FICCI<ref>{{Cite web|url=http://www.ficcihealthawards.com/past-winners.php|title=FICCI Healthawards 2018|website=www.ficcihealthawards.com|access-date=2019-01-31}}</ref>

== Finances ==
''[[The Economic Times]]'' reported "... Dr Lal PathLabs on Wednesday made stellar debut on the bourses, by listing at a premium of up to 31 per cent on the BSE".<ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2015-12-23/news/69261288_1_issue-price-dr-lal-pathlabs-anchor-investors|title=PathLabs, Alkem soar on stock market debut|last1=Mudgill|first1=Amit|date=23 December 2015|website=The Economic Times|access-date=2 February 2016}}</ref> Dr Lal PathLabs became the first company in this industry that came up with an IPO.<ref>{{Cite web|title = Accreditations and awards for Dr Lal Path Labs Franchise|url = http://theindianstockbrokers.com/dr-lal-pathlabs-ipo-review/|website = TheIndianStockBrokers|access-date = 7 February 2016}}</ref> Dr Lal PathLabs revenue grew from Rs 45 crore (€6 million) in 2005 to Rs 100 crore (€13.1 million) in 2007 and Rs 550 crore (€72 million) in March 2014, its valuation is expected to be Rs 12,000 crore (€1.6 billion) by 2019–20.<ref>{{cite web|url=http://forbesindia.com/printcontent/38907|title=A hit with investors, Dr Lal PathLabs opts to go the IPO way|last1=Chaudhary|first1=Deepti|date=30 October 2014|website=Forbes India|access-date=2 February 2016}}</ref>

== Company officers ==
*Brig. Dr [[Arvind Lal]] – Chairman & Managing Director<ref>{{cite web|url=http://economictimes.indiatimes.com/dr-lal-pathlabs-ltd/stocks/companyid-63225.cms|title=Dr. Lal Pathlabs Ltd.|work=The Times of India|access-date=7 February 2016}}</ref>
*Dr Om Manchanda – Chief Executive Officer.<ref>{{cite web|url=http://www.business-standard.com/article/management/never-give-up-on-credibility-and-fair-business-practices-om-manchanda-113062300624_1.html|title=Never give up on credibility and fair business practices: Om Manchanda
|last1=Nautiyal|first1=Rohit|date=24 June 2013|website=Business Standard|access-date=2 February 2016}}</ref>

== References ==
{{reflist|colwidth=30em}}

== External links ==
* {{Official website|https://www.lalpathlabs.com/}}
* [https://twitter.com/lalpathlabs/ Official Twitter]

{{Nifty 200 companies}}

[[Category:Laboratories in India]]
[[Category:Indian companies established in 1949]]
[[Category:Companies based in Delhi]]

Dr Lal PathLabs - Revision history

>BrownHairedGirl at 20:52, 7 April 2021