Dr. Arvind Lal, 72, the executive chairman of diagnostics chain Dr. Lal PathLabs, emerged on the list of billionaires during the Covid 19 pandemic. Arvind Lal was ranked 87th, with a total wealth of approximately $2.55 billion.
The nearly eight-decade-old clinical diagnosis laboratory firm is already in the vanguard of India’s Covid-19 campaign, examining lakhs of coronavirus specimens, a critical component in bringing the epidemic to a stop. However, in the last year, his firm, Dr. Lal PathLabs, saw its market value increase by a phenomenal Rs 10,000 crore, which directly resulted in the ascension of Dr. Lal to secure his spot on the Forbes India Rich List 2021.
The Pathway to Success
Dr Lal PathLabs began as a single diagnostic lab facility in New Delhi, then known as the Central Clinical Laboratory, established by his father upon his arrival in the city in 1948, post-partition India. However, due to some family loss, Lal was forced to leave his position of teaching college medical students, completing a PG course in pathology (which he subsequently finished), and had to come back to New Delhi to look after his family company.
Today, the firm has over 200 diagnostic laboratories and over 4,000 collection stations throughout India, delivering over 5,000 pathological and radiography testing, including Covid-19 testing. Dr. Lal PathLabs handles over two crore specimens per year and had analyzed over three million Covid-19 specimens in the nation.
Whilst the majority of the company’s income keeps coming from the northern and eastern areas of the nation, where it has historically positioned itself as the dominating player, Lal is also hard at work on plans for expansion into the southern and western regions.
The diagnostic facility currently offers innovative tests, as well as being the largest in histopathological biopsies, and has the second-largest kidney biopsies testing facility.
Dr. Arvind Lal continues to lead the brand Dr. Lal PathLab and owns the majority of the shares. His visions have led the facilities to unimaginable heights and its prospects are only looking brighter.
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