Micro Labs Limited (stylized as MICRO LABS) is an Indian

pharmaceutical A medication (also called medicament, medicine, pharmaceutical drug, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy ( pharmacotherapy) is an important part of the medical field and ...

company based in

Bangalore Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

. It manufactures healthcare products.

History

It was founded by the late Shri G.C. Surana in 1973. Dilip Surana is Chairman and managing director of Micro Labs. In July 2022, the Indian

Income Tax Department The Income Tax Department (also referred to as IT Department or ITD) is a government agency undertaking direct tax collection of the government of India. It functions under the Department of Revenue of the Ministry of Finance. The Income Tax De ...

conducted

search and seizure Search and seizure is a procedure used in many civil law and common law legal systems by which police or other authorities and their agents, who, suspecting that a crime has been committed, commence a search of a person's property and confiscat ...

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".

References

External links

* {{official, https://microlabsltd.com Pharmaceutical companies of India Indian companies established in 1973 Biotechnology companies of India

History

See also

References

External links