Short Bio
Leading pharmaceutical and healthcare firm Abbott India has operations all over the world. Gurgaon, India, is home to the company’s headquarters, which was established in 1948. India, the US, and Ireland all host manufacturing plants for Abbott India. More than 160 nations sell the company’s products.
Overview
Company Name: | Abbott India Ltd. |
Also Know as: | Abbott |
Type: | Public Limited Company |
Industry: | Pharmaceutical and Healthcare |
Founded: | 1948 |
Founders: | Wallace C. Abbott |
Headquarters: | Gurgaon, India |
Area Served: | Global |
Revenue: | ₹15,500.00 crore (2021) |
Net Income: | ₹2,500.00 crore (2021) |
Number of Employees | 25,000 (2021) |
Website: | https://www.abbott.in/ |
History
Wallace C. Abbott formed Abbott India in 1948. The business got its beginnings in Mumbai, India, with a manufacturing facility. In the 1950s and 1960s, Abbott India experienced fast growth and established new manufacturing facilities in both India and the US. Additionally, the corporation developed its worldwide sales network. Sterling Products, an Indian pharmaceutical company, was purchased by Abbott India in 1985.
Services
Abbott India offers a wide range of pharmaceutical and healthcare products, including pharmaceuticals, nutritionals, diagnostics, and medical devices. The company also offers a range of related services, such as clinical research and medical education.
Founder
Wallace C. Abbott is the founder. Abbott India is a healthcare organisation that finds, creates, produces, and markets cutting-edge goods and services. Abbott Laboratories was established in 1888 by Dr. Wallace Calvin Abbott, a young doctor from Chicago.
Achievements
Abbott India is one of the leading pharmaceutical and healthcare companies in India. The company has won numerous awards, including the Economic Times Award for Excellence in Corporate Governance and the NASSCOM IT Award for Excellence in Healthcare.
Future Plans
Abbott India plans to continue to expand its product portfolio and global presence. The company also plans to focus on research and development.