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TTK Healthcare Ltd.

BSE: 507747 Sector: Health care
NSE: TTKHLTCARE ISIN Code: INE910C01018
BSE 00:00 | 11 Jun 658.80 -5.55
(-0.84%)
OPEN

670.00

HIGH

671.65

LOW

652.00

NSE 00:00 | 11 Jun 658.90 -5.05
(-0.76%)
OPEN

673.70

HIGH

673.70

LOW

651.40

OPEN 670.00
PREVIOUS CLOSE 664.35
VOLUME 4428
52-Week high 735.00
52-Week low 401.00
P/E 24.27
Mkt Cap.(Rs cr) 931
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 670.00
CLOSE 664.35
VOLUME 4428
52-Week high 735.00
52-Week low 401.00
P/E 24.27
Mkt Cap.(Rs cr) 931
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

TTK Healthcare Ltd. (TTKHLTCARE) - Company History

TTK Healthcare a TTK group company was incorporated in May 1958 as Orient Pharma and later renamed as TTK Pharma in Nov '81. Some of the other companies belonging to the TTK group include London Rubber TT Textiles TTK Chemicals etc. The company concentrate on pharmaceutical consumer products and hospital care products. The company is the owner of famous Woodwards Gripewater brand. In 1992 the company came out with a rights issue at a premium of Rs 35 aggregating Rs 5.81 cr to finance long-term working capital needs normal capital expenditure and product promotion. Products of TTK Healthcare include cardiac care systems blood management systems renal care systems hospital accessories antibiotics Woodwards gripe water animal medicines etc. It also has a consumer products and food division manufacturing kiwi shoe polishes snacks etc. The company has collaborations with a number of foreign corporations such as London International Kali-Chemi Germany; Hatu-ICO Spain; Nicholas Kiwi US etc. The products of the company are exported to the UK Egypt the US Germany Singapore Malaysia Carribean countries etc.The Pallavaram plant of the company has been accredited with the ISO 14002 certification by the Bureau of Indian Standards. Also one of the group companies TT Maps and Publications was merged with TTK Pharma in 1993.The company faced some rough weather in Jul.'95 when the MRTPC ordered an inquiry against it for allegedly directing its whole-salers to keep a minimum stock of the company's products and defining their area of operations. During 1996-97 the company has tied up with M/s Mentholatum India Pvt Ltd.During the year 1999-2000 as a part of the restructuring programme the paper divison of the company has been disposed off and the merger of TTK Biomed has been approved by the Hon'ble High Court Of Madras with retrospective effect from July 1 1999.In 2000-01 the company has vacated the bulk drug business segment by disposing of the Bulk Drugs & Formulations facility at Hyderabad.The High Court Madras has approved the scheme of amlagamation between TTK Medical Devices Ltd. and the company.During the financial year 2003-04the Heart Valve division of the company has been awarded ISO 9001-2000 Certification by RWTUVGermany.