Credit rating agency, ICRA has re-affirmed the long-term rating of ‘A+’ outstanding on the Rs 22.50 crore fund-based bank facilities of TTK Healthcare. The rating agency has also reaffirmed the short-term rating of ‘A1+’ outstanding on the Rs 6 crore fund-based facilities (sub limits), the Rs 4.75 crore non-fund based facilities and the Rs 0.25 crore proposed facilities of the company. The outlook on the long-term rating is stable.
TTK Healthcare commenced operations as a pharmaceutical company. Over the years, it diversified its presence across industries and its revenue sources were distributed across many product categories including contraceptives, gripe water, cosmetics, medical devices, home-care products, and food products.
