Abbott India a 100% debt free company, 75% subsidiary of 133 Years old Abbott Laboratories which is an American health care company with $30.5 billion Revenues headquartered in Lake Bluff, Illinois, United States.
Abbott in India develops and distributes over 600 products for healthcare professionals that promote health and well-being for Indians in all stages of life.
The company launched 21 new products in FY 2018 and is gearing up to introduce over 100 new products in the next five years.
Apart from that Company has a Cash Balance of 1000Cr as of March 2018.
Indian Pharmaceutical Market is Poised to Grow at 10% CAGR approx over the next Several years. Given its Strength, Size and Position in the Market ABBOTT INDIA is a must have company in Portfoilo.