HSCC is one of the few organizations in South East Asia, rendering a comprehensive range of professional consultancy services in healthcare and other social sectors, in India and abroad.
HSCC’s services have been utilized by various organizations, both in Public and Private Sectors, Central Government Department, State Governments as also international agencies like the World Bank, WHO, among others for their projects in India and abroad.
Their services have been utilized by various organizations, both in Public and Private Sectors, Central Government Department, State Governments as also international agencies like the World Bank, WHO, among others for their projects in India and abroad.
Set up in 1983 with an authorized capital of Rs. 20 million, it started with 3 people in a rented office in the national institute of health and family welfare in the year 1983.
At the time of the formation of HSCC medical hospital consultation services were not even thought about in the private sectors. India at that time needed quick modern machines and medicine. HSCC was one of the first companies to come up with such an idea and is now called the ‘’MINI RATNA’’ of India for deserving reasons.
Initially, in the year 1984, the company explored ONM for mobile hospitals in Saudi Arabia, supplying medical equipment to neighboring countries and designing and engineering services for hospitals, etc.
One of its first major projects was the designing of the hospital the government of India gifted Mauritius and soon after another one in Nepal (inaugurated by the president of India at that time)
All this laid the seeds for more work for HSCC and they started adding a vast range of professionals to their team such as health care planners, doctors, economists, biomedical engineers, computer experts, pharmacists, architects, and public health engineers.
As time went on HSCC was known as the one-stop-shop for medical facilities and healthcare-related matters.
Their vision is to actively contribute to the social and economic development of the locality or areas of activity in which the company operates. In doing so, alleviate the sufferings of the weaker sections of society.
Their products include everything from sanitizers and face masks to medical caps and disposable gloves.
The company has posted excellent results for the year ending at 31.03.2018 with a turnover of rs. 161220 lakhs and profit after tax of Rs. 3747 lakhs.
The company was incorporated in 1983 with the paid-up capital of Rs. 40 lakh sans later on issued bonus shares of Rs. 200 lakhs out of reserves and surplus resulting in an increase of paid-up capital to Rs. 240 lakhs. The Company remitted Rs. 4955.73 lakhs to the Government of India towards Buy-Back Proceeds resulting in a decrease of paid-up capital to 180 lakhs. The Net Worth has touched Rs. 17203 Lakhs as of 31.03.2018.
The objectives and strategies of HSCC are designed to significantly enhance Net Worth through business growth that drives higher revenue and profits as well as strong sustained free cash flow generation. In this way, we will enhance the company’s value while at the same time maintaining a strong balance sheet and attractive dividends to shareholders.
IN conclusion, the past of India needed an intense need of medical facilities for the large mass of people and needed modern technologies which were emerging in the other countries.
HSCC incorporated in the early ’80s was among the 3-4 knowledge-based companies created by the government. During that period there was no agency accessible in the health care sector to receive any consultation services.
Hospital consultancy services had not been visualized even in the private sector it was at that point were HSCC emerged.
Starting with a team of 3 HSCC started getting immense popularity and profits creating a huge number of hospitals and helping millions of people not only in India but in other places as well.