Bengaluru-based pharma firm Micro Labs, the maker of the popular paracetamol brand Dolo-650, is under the scanner for alleged tax evasion. The tax department is looking into financial records, balance sheets, and business distributor networks as part of their searches.
Micro Labs had been in news during the Covid-19 pandemic, during which its paracetamol brand became a household name with the brand showing 74 per cent growth between July 2020 and June 2021.
Sheetal Sapale, president-marketing, AWACS, a research and analytics firm, said that Dolo contributed to around 7 per cent of the company turnover in pre-Covid times. This contribution has moved