Abbott India Limitedis a healthcare company which is dedicated in helping people in India through a diverse range of branded generic pharmaceuticals, science-based nutritional products, diagnostic tools, and diabetes and vascular devices.
Distinguished as one of India’s fastest-growing pharmaceutical companies, Abbott India Limited is part of Abbott’s global pharmaceutical business in India. It is a Large Cap company, having a market capital of Rs 33232.85 Crore.
Abbott India Limited, a publicly listed company, takes pride in offering high-quality trusted medicines in multiple therapeutic categories such as women’s health, gastroenterology, cardiology, metabolic disorders and primary care.
Abbott India Limited was originally incorporated as Boots Pure Drug Company (India) Limited on August 22, 1944 under the Companies Act, 1913. Since then, the company has changed its name 4 times, finallyon July 1, 2002, it was named to its current name,Abbott India Limited.
The company has in-house development and medical team to undertake product and clinical development tailored to the needs of the Indian market.Mr Munir Shaikh is the Chairman of Abbott India Limited.
Abbott in India develops and distributes over 600 products. Some of Abbott India’s famous brands are PediaSure, Glucerna, Similac, Ensure etc.
For the quarter ended 31-12-2019, the company has reported a standalone sale of Rs 1078.25 Crore, up 2.22 % from last quarter Sales of Rs 1054.80 Crore and up 13.78 % from last year same quarter Sales of Rs 947.65 Crore Company has reported net profit after tax of Rs 186.69 Crore in latest quarter.
On 30th of March 2020, Shares of Abbott India rallied19 % to hit a new high of Rs 16,869 on the BSE on report thatthe parentcompany, Abbott LaboratoriesUSA, has received the approval to launch 5-minute coronavirus (COVID-19) test for use almost anywhere.
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