SRL Diagnostics to invest 100 cr for setting up 100 labs across the country by 2016-end
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India contributes 97% of its total revenue, and the company is targeting atleast 10% revenue from international markets by entering markets like Africa, besides having the largest network in existing markets like Srilanka, Nepal, and long-term presence in Dubai
SRL Diagnostics has set up an ambitious target to expand its presence in the Indian market, its largest in terms of revenue and growth amongst its existing presence in the international markets like Srilanka, Nepal, and Dubai. The company has set aside a budget of 100 crore to set up 100 labs across India by 2016-end.
The expansion plans include setting up more labs in addition to the 12 reference labs, four centres of excellence and close to 300 network laboratories with a footprint spanning over 6,400 collection points, the company currently holds in India. The company is also planning to create lab capacity in Africa, in countries such as Nigeria and Congo, to increase their revenue share to atleast 10% from international markets. At present, India holds the maximum revenue share of 97% for SRL Diagnostics.
SRL Diagnostics has set up an ambitious target to expand its presence in the Indian market, its largest in terms of revenue and growth amongst its existing presence in the international markets like Srilanka, Nepal, and Dubai. The company has set aside a budget of 100 crore to set up 100 labs across India by 2016-end.
The expansion plans include setting up more labs in addition to the 12 reference labs, four centres of excellence and close to 300 network laboratories with a footprint spanning over 6,400 collection points, the company currently holds in India. The company is also planning to create lab capacity in Africa, in countries such as Nigeria and Congo, to increase their revenue share to atleast 10% from international markets. At present, India holds the maximum revenue share of 97% for SRL Diagnostics.
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