Taxman raids Dolo tablet manufacturer for suspected unaccounted income

The income tax department stormed offices of Dolo tablet manufacturer Micro Labs in Bengaluru for suspected unaccounted income, with the raid covering the top management including CMD and director, sources said.

In January this year, Moneycontrol had published an interview with CMD Dilip Surana, saying that he is—with due respect to Adar Poonawalla, CEO, Serum Insitutute of India, and Bharat Biotech chairman Krishna Ella, the companies behind COVID-19 vaccines—the pharma businessman of the moment.

Micro Labs produces Dolo-650, a pill to manage fever that has triggered outrageous sales and a deluge of memes due to its wild popularity. Surana is a 30-year pharma veteran who joined the family business and took over operations in 1983.