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Overview and history

In 1995, the company was incorporated as Specialty Ranbaxy Limited (SRL), a joint venture equally owned by Specialty Laboratories, a single largest source of specialized medical testing in the USA, and the Ranbaxy Laboratories Limited, an Indian pharmaceutical company owned by brothers Shivinder Mohan Singh and Malvinder Mohan Singh. In 2021 it was selected as the official diagnostic lab partner by the Indian Olympic Association to provide diagnostic services to Indian athletes and officials for the Tokyo 2020 and Paris 2024 Olympics. Later it also became the country’s first lab to be integrated with Ayushman Bharat Digital Mission as a Health Information Provider. In 2023, SRL announced that it would be rebranding as Agilus Diagnostics, as a result of its work over the past few years towards rebranding. Agilus is inspired by the Latin term, agilis which stands for agility.

Business Acquisition

In 2010, Super Religare Laboratories Limited acquired Piramal Diagnostic Services and its network of 107 laboratories from Piramal Healthcare for ₹600 crore.^[1]

In 2011, Fortis Healthcare completed the acquisition of 74.59% stake in SRL.^[2] After being acquired by Fortis, the company rebranded itself as SRL Diagnostics.^[3]

In 2021, Super Religare Laboratories Limited acquired the remaining stake in its Kerala-based joint venture, DDRC, for ₹350 crore. With the addition of DDRC's 220 labs to its lab network, Super Religare Laboratories Limited became the biggest pathology lab chain in India with a total of 430 labs.^[4]

In 2023, SRL Limited was involved in brand litigation and failed to meet legal compliance requirements. As a result, SRL Group did not grant the brand license for "SRL Diagnostics" to SRL Limited. Consequently, SRL Limited was unable to use the "SRL Diagnostics" brand and changed its company name to Agilus Diagnostics Limited. ^[5]

Operations

Agilus has two reference labs one in Goregaon (Mumbai), and one in Gurgaon (Haryana), India. The company has more than 418 networking laboratories,^[6] including four "Centers of Excellence", 26 radiology/imaging centers, 40 NABL accredited, and four CAP-accredited labs and a footprint spanning over 9000 collection points in India.^[7] Along with this, the company also has large labs in Dubai, Sri Lanka and Nepal, and about 70 different collection points in various countries outside India.^[8]

Agilus Diagnostics claims to offer more than 3,500 different tests in pathology, radiology, wellness, occupational health and clinical trials and also carries out more than 107,000 tests in a day.^[9] Agilus Diagnostics operates diagnostic centres, collection centres, and laboratories. Agilus Diagnostics also offers tests in pathology covering biochemistry, immunology, herpetology, clinical pathology, histopathology and immunohistochemistry, microbiology, molecular biology, cytogenetics, and flow cytometry.^[10]

As part of its digital drive, the company collaborates with online platforms to reach out to new customers. It has implemented live phlebotomist tracking and has introduced smart health reports which being available on demand on messaging platforms like WhatsApp. The WhatsApp chatbot, especially, enables customers to book tests, get a report status and get reports delivered. The company also has a R&D division established in 2001 which works on new assay (tests) development, new technology evaluation, test validations, translational multidisciplinary research, contract research (clinical and biotechnological) and knowledge management activities.

^ "Piramal Healthcare completes sale of diagnostics arm to SRL". Business Standard India. 21 August 2010. Retrieved 9 January 2023.
^ "Fortis completes acquisition of 74.59% stake in SRL". Business Standard India. 12 May 2011. Retrieved 9 January 2023.
^ Vijayraghavan, Kala. "Super Religare Laboratories rechristens itself as 'SRL Diagnostics'; launches new logo". The Economic Times. Retrieved 9 January 2023.
^ Jayan, T. V. (30 March 2021). "Super Religare Laboratories Limited becomes India's largest pathlab chain after acquiring DDRC". The Hindu Businessline. Retrieved 9 January 2023.
^ Pilla, Viswanath (2023-05-27). "SRL Diagnostics rebrands as Agilus Diagnostics". The Economic Times. ISSN 0013-0389. Retrieved 2023-12-09.
^ "Agilus Diagnostics".
^ "According to Ibef.org".
^ "Microsoft News".
^ "According to IBEF".
^ "Bloomberg". Bloomberg News.

[1] "Piramal Healthcare completes sale of diagnostics arm to SRL". Business Standard India. 21 August 2010. Retrieved 9 January 2023.

[2] "Fortis completes acquisition of 74.59% stake in SRL". Business Standard India. 12 May 2011. Retrieved 9 January 2023.

[3] Vijayraghavan, Kala. "Super Religare Laboratories rechristens itself as 'SRL Diagnostics'; launches new logo". The Economic Times. Retrieved 9 January 2023.

[4] Jayan, T. V. (30 March 2021). "Super Religare Laboratories Limited becomes India's largest pathlab chain after acquiring DDRC". The Hindu Businessline. Retrieved 9 January 2023.

[5] Pilla, Viswanath (2023-05-27). "SRL Diagnostics rebrands as Agilus Diagnostics". The Economic Times. ISSN 0013-0389. Retrieved 2023-12-09.

[6] "Agilus Diagnostics".

[7] "According to Ibef.org".

[8] "Microsoft News".

[9] "According to IBEF".

[10] "Bloomberg". Bloomberg News.

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