THIRUVANANTHAPURAM, May 25: M Ayyappan has been given another extension as Chairman and Managing Director of HLL Lifecare by the Government of India.
Ayyappan, who began his stint with HLL in 1991 as Marketing Manager, became Managing Director in 2003. In 2005, he became the CMD of the mini-Ratna Public Sector Undertaking, an HLL press release said here today.
“My mandate will be to continue the social interventions that HLL is making and make sure that the healthcare delivery system in our country becomes affordable to the underserved population,” Ayyappan said.
HLL has diversified into several fields — manufacture of female condoms, rapid diagnostic test kits, pharma products and sanitary napkins, apart from launching a diagnostic chain called Hindlabs, Merrygold health care franchising programme in Uttar Pradesh and Joint Venture with Acumen Fund to set up LifeSpring Hospitals, the release said.
HLL’s Infrastructure Development Division has completed building several super-speciality hospitals under Pradhan Mantri Swasthya Suraksha Yojana Phase I and is now doing so at Rhotak, Aligarh and Madurai and ESIC Medical College at Quilon.
Another important accomplishment of HLL has been setting up a world-class R&D centre at Thiruvananthapuram, it said.
HLL, now a public limited company has seen its equity base increasefrom Rs 15 crore to Rs 300 crore. It has also set up another subsidiary HLL Biotech Ltd to implement the Rs 595 crore Integrated Vaccine Complex project at Chengalpet, Tamil Nadu, the release said. (PTI)
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