Mumbai, 16th December 2021: LordsMed, the pharma division of Lord’s Mark Industries Pvt Ltd has entered into a 5-year Joint Venture agreement with Indian Railways PSU Braithwaite & Co for distributing health equipment, medical devices and IVD kits to railway hospitals on a Pan-India basis.
Through the JV initiative, LordsMed aims to improve the public healthcare infrastructure in the country by enabling patients access to cutting edge healthcare products developed through indigenous technology. LordsMed aims to empower healthcare providers in improving healthcare delivery standards and provide patients with quality and cost-effective healthcare services.
In the initial phase, Lordsmed will distribute healthcare equipment to railway hospitals in the country. The scope of the partnership may be expanded to cover private hospitals over a period.
“With our partnership with Braithwaite & Co, we aim to make delivery of public healthcare services more accessible and affordable for most of the population. We are emphasizing on the creation of a patient-centric healthcare system with an onus on improved clinical outcomes,” stated Mr. Sachidanand Upadhyay, Founder, Lord’s Mark Industries Pvt Ltd.
“Through our partnership with Lord’s Mark Industries, we hope to set quality benchmarks for Indian healthcare services that are on par with global standards,” stated Mr Sachin.V.Dighde, CEO, Braithwaite & Co
About LordsMed, The global healthcare division of Lords Mark Industries Pvt.
LordsMed, The global healthcare division of Lords Mark Industries Pvt. Ltd aims to become an integrated healthcare provider offering quality products in verticals encompassing therapeutic care (chronic & acute), hygiene care, animal care, pharma distribution, diagnostics and safety essentials.
LordsMed is a manufacturer of in vitro diagnostic kits for COVID-19 (antigen and antibody), malaria and dengue. It is an authorized distributor partner of medical devices like glucometer, digital stethoscope and health tracking devices. An authorized supplier of COVID-19 essentials like gloves, masks and sanitizers, LordsMed has partnered with Cipla for distributing their covid essential range of products. The division has more than 60 registered brands across chronic & acute care.
Braithwaite was established in 1913 as the Indian Subsidiary of Braithwaite & Co. Engineers Limited (U.K.), for undertaking fabrication of Structural Steel Works. The Clive works in Calcutta commenced manufacture of wagons for Indian Railways from 1934.
In the meanwhile the Company was incorporated in erstwhile Bengal as Braithwaite & Co (India) Ltd on February 28, 1930. In 1960 Braithwaite’s Angus Works located at Bhadreswar, Dist. Hooghly was set up for manufacture of Cranes, Foundry products, Machinery Components etc. The Project Division at Calcutta was established in 1978 to execute turnkey projects for material handling plants. In 1987 Victoria Works was taken over, which is equipped with all facilities for manufacture of Pressure Vessels, Railway Wagons and Heavy Structurals for Bridges and other engineering applications.
Braithwaite & Co Limited was registered and incorporated on 1st December 1976 as a fully owned Govt. of India Undertaking. The company today has three units – Clive Works, Victoria Works both in Calcutta and Angus Works (in Hooghly District), West Bengal. With effect from 6th August 2010 the administrative control of the company has been taken over by the Ministry of Railways.
This news was shared to Prittle Prattle News via press release.