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Sangam Health Care Products Ltd.

BSE: 531625 Sector: Health care
NSE: N.A. ISIN Code: INE431E01011
BSE 05:30 | 01 Jan Sangam Health Care Products Ltd
NSE 05:30 | 01 Jan Sangam Health Care Products Ltd

Sangam Health Care Products Ltd. (SANGAMHEALTH) - Company History

Incorporated as a public limited company in Dec.'93 Sangam Health Care Products was promoted by Rayalaseema Concrete Sleepers Pvt Ltd and Isco Track Sleepers Pvt Ltd both of the Patil Group of Industries.The company set up a project at a cost of Rs 1496.07 lac to manufacture disposable intrvenous sets (I V sets) and needles with an installed capacity of 20 mln IV sets and 90 mln Needles. The plant is located at Yellampet Andhra Pradesh. Commercial production commenced in Oct.'95. In Jan.'96 the company issued 4360000 equity shares to the public aggregating Rs 436 lac to part-finance the project. The project has been implemented and the production commenced from Mar'96.The company has a technical collaboration with Boin Medica Company South Korea. Other than participating in the equity of the company to the extent of 15.20% the collabortors also assist in exporting 50% of the production through their existing marketing network all over the world.The company has installed two new plants for manufacturing Syringes & Scalpvein Sets with capacity of 25 million & 7.5 million respectively.During the year 1999-2000 the company has achieved a remarkable turnover of Rs.1560.96 lacs as compared to Rs.995.37 lacs in the previous year i.e. recorded a growth of 56.82%. The company's brand registered itself with DGFT thereby getting 20% DEPB benefit.