SRL looking to triple business from region in next two years

Chandigarh, January 16, 2013 : SRL Diagnostics, market leader inpathology labs in the country, has plans to triple its business fromthe current Rs 35 crore to Rs 100 crore from the region comprisingPunjab, Himachal Pradesh, Jammu and Kashmir and parts of Haryana overthe next two years.Sharing this information with visiting media persons at the formalopening of SRL reference lab at Beas, near Amritsar, one of the

largest pathology labs in the country, on Wednesday, SRL DiagnosticsCEO Sanjeev Vashishta said from the current level of performing 25lakh tests annually in this region, the company planned to scale itthree times during this period.He said with a strength of 240 diagnostic labs across the country, outof which 12 were reference or mother labs, and more than 4,000 touchor collection points SRL was the market leader with a share of 43 ofthe business in the organised sector. With the unorganised sectorstill taking a lion’s share (90 percent) of the total business thescope of expansion for the organised sector was immense.Having laid a strong infrastructure across the country, SRL waspoised to mop up more business by reaching out to people in thehinterland and the setting up of the reference lab in Beas was ashining example of this forward looking aggressive posture of thecompany, he added. This lab, which will cater to the advancedrequirements of SRL labs in this entire region, has facilities toperform 4,000 types of tests at very competitive rates. Henceforth

people from these parts will not have to send their samples to Gurgaonand Mumbai to get advanced tests, including for cancer, done and thewaiting time will be reduced drastically.The reference lab has a capacity to conduct 6 lakh tests a month (72lakh in a year) and results of 80 percent of the tests can be had the

same day. “People who give their samples need not come here to gettheir reports. They can excess our website with an individual username and password provided to each client in an SMS alert to inform

him or her about the test results being available on the website,”Vashishta said.