Dr Lal PathLabs to set up Rs 40cr testing centre

By Staff
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Google Oneindia News

New Delhi, Jan 23 (UNI) Diagnostics and pathology services firm Dr Lal PathLabs plans to open up a 70,000 square feet testing centre in the capital to be operational by 2009 at an investment of upto Rs 35-40 crore.

The company has acquired the land for the high-tech reference laboratory with a test menu of 1,600-2,000 tests and will start construction in the first three months of the year, Mr Vijender Singh, Vice President (Sales and Operations), Dr Lal PathLabs told UNI.

''Out of the total investment of Rs 35-40 crore, 26 per cent will be funded by venture capital fund Sequoia Capital while the remaining will be borne by the company,'' Mr Singh said calling the upcoming centre in Rohini, Delhi as the biggest in Asia.

Dr Lal PathLabs, which is in the process of expanding its services and network, owns 25 pathology laboratories with a capacity to conduct 200-250 tests and has a target of opening 50 such labs pan-India by 2009 for which it will pump in another Rs 50 crore.

''Billed as the leaders in the North and East, we now aim to extend our services to other zones like South India and will invest close to Rs two crore on each centre,'' Mr Singh said.

Besides catering to the domestic market, the company is also targeting pathology market in the US and has started getting testing orders from the internatinal market.

''We have starting getting samples from the US in addition to SAARC countries like Bangladesh...We also want to enter the African market in a big way.'' Dr Arvind Lal, Chairman and Managing Director, Dr Lal PathLabs, last month announced the company expects to garner a 10 per cent domestic market share in the next 2-3 years.

The company hopes to meet the expansion plans through acquisitions and new laboratories funded by internal accruals, venture fund Sequoia Capital and debt.

With nine laboratories in the National Capital Region and two in Mumbai and Kolkata, the company says its on its way to strengthening its pan-Indian presence having started operations in Bangalore, Jaipur, Chandigarh and Guwahati recently.

Dr Lal Pathlabs is accredited by the College of American Pathologists (CAP) and the National Accreditation Board for Testing and Calibration Laboratories.

According to Dr Lal, currently they treat 1.6 million patients a year through 25 labs and 450 collection centres across 250 cities of India.

The company expects to more than double the number of collection centres to touch 1,000 in the next five years.

UNI

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