PTL Enterprises (PTL), incorporated on Oct. 19, 1959, is currently engaged in leasing out its tire manufacturing facility to generate income and in the healthcare through subsidiaries. Earlier known as Premier Tyres, it got its present name on May 19, 2005. A manufacturing unit located in the Ernakulam district of Kerala has been leased out under a rehabilitation scheme sanctioned by the Board for Industrial and Financial Reconstruction (BIFR). The plant is being used on operating lease by Apollo Tyres for a period of eight years with effect from Apr. 01, 2006, renewable at a rate to be mutually agreed upon. The company is also setting up a facility for the manufacture of specialty tires at a cost of Rs 400 million on land acquired at Irapuram in Kerala. Diversification into the healthcare business through subsidiaries has been initiated with the launch of Artemis Health Institute, a state-of-art 500-bed super specialty hospital at Gurgaon in Haryana, which has been awarded the Most Promising Start-up Healthcare Company of the Year at The Healthcare Excellence Awards 2008 organized by The Express Group and Express Healthcare. Artemis Health Sciences, Artemis Medicare Services, Artemis Life Sciences, Artemis Mediequipments, and Artemis Medical Institute & Hospitals are subsidiary companies. The registered office is at Cherupushpam Building, 6th Floor, Shanmugham Road, Kochi-682031, Kerala.
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