Hicare

HiCare
Formerly
  • Godrej HiCare
  • ISS HiCare
TypePrivately Held Company
IndustryPest control
Founded2004; 22 years ago (2004)
FounderArumugham Mahendran
HeadquartersMumbai
Area served
India
ServicesPest Control, Bird Management, Products, Home Cleaning
Websitehicare.in

HiCare is an Indian pest control company.

History

Hicare was founded in 2004 as part of the Godrej Group.[1] Its managing director was Arumugham Mahendran, who had previously founded a mosquito repellent company, Transelektra Domestic Products, which was acquired by Godrej in 1994.[2] Godrej sold an 80% stake in Hicare to the Danish services conglomerate ISS in 2009, and it became a wholly owned subsidiary of ISS in 2013.[3] In 2014, Mahendran left Godrej and, backed by a private equity fund, bought back Hicare from ISS.[2]

In 2017, the company expanded into the house cleaning and air purification markets,[1][4] in partnership with the Swedish firm Blueair.[5]

In April 2024, it was announced Hicare had been acquired by the British business services group, Rentokil Initial for an undisclosed amount, and it operates in a competitive pest control market in India alongside companies such as Rentokil PCI and Indeed Pest Control.[6]

Partnership

In 2014, IVFA formed a partnership with Hicare's founder to make acquisition of the pest control company from Danish multinational ISS Global.[7]

References

  1. ^ a b "Hicare to invest Rs 100 cr to expand cleaning services - Times of India". The Times of India. Retrieved 2017-09-18.
  2. ^ a b "PE-backed ex-Godrej MD buys ISS Hicare - Times of India". The Times of India. Retrieved 2017-09-18.
  3. ^ Reporter, B. S. (2009-04-24). "Godrej sells services business HiCare to ISS". Business Standard India. Retrieved 2017-09-18.
  4. ^ Mishra, Lalatendu (2017-04-04). "Hicare enters air-purifier, home-cleaning segments". The Hindu. ISSN 0971-751X. Retrieved 2017-09-18.
  5. ^ Mukherjee, Writankar (2017-02-08). "Hicare partners with Blueair for selling air purifiers". The Economic Times. Retrieved 2017-09-18.
  6. ^ "Rentokil acquires Indian pest control business". Proactiveinvestors UK. 2024-04-02. Retrieved 2024-04-02.
  7. ^ "IVFA teams up with Hicare founder to acquire pest control firm". @businessline.

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