Doctor Arvind Lal recorded a fortune exceeding 1 billion US dollars. Dr. Lal PathLabs has provided 5,000 pathology and radiology tests, including the Covid-19 test since receiving approval in March.
Before that, Covid-19 tests were only carried out by government laboratories and hospitals. However, due to the increasing number of positive cases, the government need to involve private laboratories.
Dr. Lal PathLabs
According to Forbes, Dr. Lal’s diagnostic network is one of the largest in India with more than 200 clinical laboratories, 2,500 patient care centers, and nearly 6,500 sampling points. At present, he conducts more than 4,500 Covid-19 tests per day in his laboratory in New Delhi, North India.
The staffs collect the sanples and the laboratory carries out a real-time RT-PCR test, by swabbing or swiping the throat and nose. The patient will know the results of this test within 24 hours. Furthermore, they plan to operate another temporary laboratory to conduct Covid-19 detection in Delhi through an agreement with the Indian Scientific and Industrial Research Council.
The company also launched a sample collection van that operates in Delhi and the capital region. This service is used to speed up the testing process.
As for the service, all of the staffs have good experience to collect samples, move, and test them by avoiding contamination.
The Growth of the Dr. Lal’s Company
The growth of the Dr. Lal’s company has been growing well since 2015. The number of samples collected increased to 41.8 million in fiscal 2019 from only 29.3 in 2017. At present, there are a total of 32 laboratories in the Dr. Lal PathLabs network has accreditation from the National Accreditation Agency for Testing and Calibration Laboratories in India. Meanwhile, its laboratory in Delhi also has accreditation from the College of American Pathologist.