Trivandrum: Dr. M Ayyappan, who transformed HLL Lifecare Ltd (HLL) into a global healthcare company with its portfolios ranging from a leading manufacturer of quality contraceptives to interventions in public health programmes during the last one decade, has been given another extension as its Chairman & Managing Director by the Government of India.
Dr. Ayyappan, who began his stint with HLL in 1991 as Marketing Manager, became its MD in 2003. Two years later, in 2005, he rose to the pinnacle of its management hierarchy by becoming the CMD of the mini-Ratna public sector undertaking under the Union Ministry of Health & Family Welfare.
Under the stewardship of Dr. Ayyappan, HLL Lifecare (formerly known as Hindustan Latex), a condom-manufacturer in the country, has become a healthcare behemoth and the sole PSU of its kind that has successfully forayed into areas like infrastructure development, consultancy, healthcare products, medical devices, healthcare treatment, blood bags, diagnostic services and vaccines.
“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”, Dr. Ayyappan said, reacting to his extension.
Under his leadership, HLL got upgraded to a schedule B and mini-Ratna company, clocking rapid growth since 2003-2004 and doing business worth Rs.1131 crore in 2012-13, a growth of 35% in its turnover and profitability as compared to the previous year.
HLL has successfully diversified into several fields – manufacture of female condoms, rapid diagnostic test kits, pharma products and sanitary napkins, apart from launching of 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 formation of independent non-profit foundation, Hindustan Latex Family Planning Promotion Trust (HLFPPT), is another milestone in the growth of HLL under Dr Ayyappan.
HLL’s manufacturing base is now spread throughout the country – three factories in Thiruvananthapuram and Kochi (Kerala), Indore (Madhya Pradesh), Manesar (Haryana), Gajwal (Andhra Pradesh) and Belgaum (Karnataka), besides a network of Regional Offices throughout the country. Another important accomplishment of HLL has been setting up a world-class R&D centre at Thiruvananthapuram.
Kerala Biz News