TTK Healthcare Ltd share Price

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 2003-04,the Heart Valve division of the company has been awarded ISO 9001-2000 Certification by RWTUV,Germany.