KERALA AYURVEDA Ltd - As the name suggests it is a Kerala based company operating in Ayurveda based products and services..Company manufacturing Ayurvedic medicines,running Ayurvedic Hospital and Clinics,operating Ayurveda based wellness centers and Resorts.KAL running an Ayurvedic Hospital at Aluva in Kerala and running more than 30 Ayurvedic clinics . Company selling its products through Ayurvedic Medical shops established in franchise model throughout India. Recently its ‘ AyurvedaGram ‘ located in Bangalore selected as the ‘ Wellness services provider company of the year 2011’ by Frost and Sullivan’ .In 2006.KAL taken over by Katra Group headed by Ramesh Vangal. He is well known in India as the person who brings Pepsi to our country and also his business Interests in Tamilnadu Merchantile bank and Scandant group.Even after the takeover by Vangal ,there is any substantial improvement in Company’s performance so far .In an interview,he explained that the company is in the process of establishing some base and standards and making some re arrangements in its business strategy.Anyway in recent times company streamlined the operations of its overseas subsidiaries and exited from some non performing assets.The business of Ayurveda having tremendous potential in India and abroad especially at a time there is more and more discussions about the side effects of Allopathy medicines.In medical tourism segment ayurvedic wellness centers having huge potential .Being a pioneer in all these segments KAL having very good future if it utilised properly.Vangal is a shrewd business man with great deal making skills and I don’t think he will waste the opportunity available in front.Recently KAL signed an agreement with Banaras Hindu University to undertake research and development in areas like geriatric care, cancer, anemia, metabolic diseases, diabetes and epidemic prevention, etc. In another important development KAL signed a Memorandum of Understanding with Tata Global Beverages to explore formation of a joint venture.Purpose of this JV will be to focus on development of a range of beverages and food products based on proven ayurvedic recipes and formulations for the global market.For the latest March quarter company posted sharp improvement on its performance. Turnover almost doubled and loss reduced substantially .Actually if we exclude a one time expenditure ,company posted a profit of Rs.2 Cr .Considering the history of promoter ,potential of the industry ,lack of other listed companies in this sector and its improving financial performance ,it is surely a company to watch .
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