SRL Diagnostics, market leader in pathology labs in the country, plans to triple its business from the current Rs 35 crore to Rs 100 crore across Punjab, Himachal Pradesh, Jammu and Kashmir and parts of Haryana over the next two years.
SRL Diagnostics CEO Sanjeev Vashishta said, from the current level of performing 25 lakh tests annually in the northern region, the company plans to scale it three times during this period.
With a strength of 240 diagnostic labs across the country, out of which 12 are reference or mother labs, and more than 4,000 touch or collection points, SRL is the market leader with a share of 43 per cent of the business in the organised sector. With the unorganised sector taking a lion’s share (90 per cent) of the total business, the scope of expansion for the organised sector was immense, he added.
Having laid a strong infrastructure across the country, SRL was poised to mop-up more business by reaching out to people in the hinterland and setting up of the reference lab in Beas was a shining example of the forward-looking aggressive posture of the company, he added. This lab, which would cater to the advanced requirements of SRL labs in this entire region, has facilities to perform 4,000 types of tests at very competitive rates. Thus, people from these parts would not have to send their samples to Gurgaon and Mumbai to get advanced tests done, including cancer, and the waiting time will be reduced drastically.
The reference lab set up at Beas near Amritsar has a capacity to conduct 6 lakh tests a month (72 lakh in a year) and results of 80 per cent of the tests can be declared the same day. “People who give their samples need not come to get their reports. They can excess our website with an individual user name and password provided to each client in an SMS alert to inform him or her about the test results available on the website,” Vashishta said.