Hicare Explained

HiCare
Industry:Pest control
Founder:Arumugham Mahendran
Location:Mumbai
Area Served:India
Services:Pest Control, Bird Management, Products, Home Cleaning
Homepage:hicare.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,[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.[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]

Notes and References

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