Micro Labs
Micro Labs Limited (stylized as MICRO LABS) is an Indian pharmaceutical company based in Bangalore. It manufactures healthcare products.
 | |
| Type | Private |
|---|---|
| Industry | Pharmaceutical |
| Founded | 7 September 1973 |
| Founder | Late Shri G.C. Surana |
| Headquarters | Bengaluru, |
Key people | Dilip Surana (Chairman & MD) Anand Surana (Director) |
| Website | microlabsltd |
History
It was founded by the late Shri G.C. Surana in 1973.[1] Dilip Surana[2] is Chairman and managing director of Micro Labs.
In July 2022, the Indian Income Tax Department conducted search and seizure operations at the company's headquarters, following allegations that the company had been illegally debiting its books with free gifts for doctors and other medical professionals, such as travel expenses and gifts, to boost sales of their product Dolo-650. These gifts were allegedly debited under accounting entries such as "Promotion and Propaganda", "Seminars and Symposiums" and "Medical Advisories".[3][4][5][6]
References
- "Micro Labs Limited Information - Micro Labs Limited Company Profile, Micro Labs Limited News on The Economic Times". The Economic Times. Retrieved 2022-11-24.
- "Dilip Surana, Chairman and Managing Director of Micro Labs". The CEO Magazine. Retrieved 2022-11-24.
- Bureau, The Hindu (2022-07-06). "I-T raids on Dolo 650 manufacturer Micro Labs Ltd". The Hindu. ISSN 0971-751X. Retrieved 2022-11-24.
- Sharma, Priyanka (2022-11-07). "Govt pushes to curb freebies for doctors". mint. Retrieved 2022-11-24.
- "IT Department conducts search and seizure operations on Micro Labs Ltd". India Today. Retrieved 2022-11-24.
- "How Micro Labs Struck Gold With Dolo-650 During Covid-19". Forbes India. Retrieved 2022-11-24.
External links
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