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Narayana Health

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Narayana Health
(Narayana Hrudayalaya Limited)
Company typePublic
BSE: 539551
NSE: NH
ISININE410P01011
IndustryHealthcare
Founded2000; 24 years ago (2000)
FounderDevi Shetty
Headquarters
Bangalore
,
India
Number of locations
24 hospitals, 7 heart centres
Area served
India & Cayman Islands
Key people
Devi Shetty (Chairman)
Emmanuel Rupert (MD & Group CEO)[1]
Viren Shetty (Executive Vice Chairman)[2][3]
ProductsHospitals, Pharmacy, Diagnostic centres
RevenueIncrease ₹5,018 crore (US$600 million) (FY24)[4]
Increase ₹1,227 crore (US$150 million) (FY24)[4]
Increase ₹789 crore (US$95 million) (FY24)[4]
Number of employees
19,214 (2024)[4]
Websitewww.narayanahealth.org
Narayana Institute of Cardiac Sciences, Bangalore, India

Narayana Health (formerly known as Narayana Hrudyalaya) is an Indian for-profit private hospital network headquartered in Bangalore.[5] It was founded by Dr. Devi Shetty in the year 2000.[6][7][8]

Narayana Health operates several hospitals and heart centres across major Indian cities Bangalore, Delhi, Gurugram, Kolkata, Ahmedabad, Raipur, Jaipur, Mumbai, Mysore etc. with an international subsidiary in the Cayman Islands.[9] The facilities offer medical care in over 30 medical specialties and three of its hospitals – Narayana Institute of Cardiac Sciences, Bangalore, and Health City Cayman Islands – are JCI (Joint Commission International) accredited.[10][third-party source needed]

History

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Devi Shetty founded Narayana Hrudalaya (NH) in the year 2000 with a 280-bed heart hospital[11] in Bangalore.[12][13]

In 2013, Narayana Hrudyalaya officially changed its identity to Narayana Health.[14] Since 2014, the group operates Health City Cayman Islands in Grand Caymen. Emmanuel Rupert was made the MD & Group CEO in place of Ashutosh Raghuvansha following the latter's resignation in January 2019.[15][16] From 2016 onwards, NH has increased its presence in New Delhi, Gurgaon and Mumbai, by opening premium multi specialty hospitals, in order to boost margins.[16] In 2022, NH announced that it is looking to set up a 1000-bed advanced specialty hospital in Kolkata.[17]

An ambulance used by Narayana Health Hospitals
An ambulance used by Narayana Health Hospitals.

Listing

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Narayana Hrudyalaya was listed on the BSE and the NSE on 6 January 2016. Upon debut, the company was valued at over US$1 billion.[18]

Current facilities

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India

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North India

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West India

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South India

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East India

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Cayman Islands

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References

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  1. ^ "Narayana Hrudayalaya appoints new CEO, Viren Shetty is new Group COO". The Economic Times.
  2. ^ "How is Viren Shetty taking Narayana Health biz close to US shores?". Business Standard.
  3. ^ "I did not want to pursue medicine: Narayana Health COO Viren Shetty". The New Indian Express. Retrieved 4 July 2023.
  4. ^ a b c d "Earnings Update Q4 FY24 and FY24" (PDF). Narayana Health. Retrieved 13 June 2024.
  5. ^ "Narayana Health: Providing World-class Treatment to the Poor | Forbes India". Forbes India. Retrieved 13 September 2018.
  6. ^ "D A I J I W O R L D". daijiworld.com. Retrieved 13 September 2018.
  7. ^ "Entrepreneurial Hospital Pioneers New Model". HBS Working Knowledge. 24 January 2005. Retrieved 13 September 2018.
  8. ^ indiainfoline.com. "26 Heart Transplants and going strong". Retrieved 13 September 2018.
  9. ^ Ramanathan, Arundhati (1 June 2016). "Kiran Mazumdar-Shaw becomes second Indian to take the Giving Pledge". Mint. Retrieved 13 September 2018.
  10. ^ "Health City Cayman Islands Awarded JCI Accreditation" (Press release). PR Newswire. Retrieved 13 September 2018.
  11. ^ "Biggest Innovations: Narayana Health has successfully married affordability, quality health care". businesstoday.in. 9 May 2014. Retrieved 18 November 2020.
  12. ^ "Boom time for medicare". The Hindu. 30 April 2006. ISSN 0971-751X. Retrieved 13 September 2018.
  13. ^ "Devi Shetty's Narayana Healthcare: Men behind success of his low-cost hospitals". The Economic Times. Retrieved 13 September 2018.
  14. ^ "Narayana Hrudayalaya History | Narayana Hrudayalaya Information – The Economic Times". The Economic Times. Retrieved 13 September 2018.
  15. ^ "Narayana Hrudayalaya appoints new CEO, Viren Shetty is new Group COO". The Economic Times. Retrieved 12 November 2020.
  16. ^ a b Samuel, Joe V (31 March 2021). "Retail Equity Research (South India Focus): Narayana Health Ltd" (PDF). Business Standard. Geojit. Retrieved 27 April 2022.
  17. ^ Medical Dialogues Bureau (22 April 2022). "Narayana Health founder Devi Shetty reveals plan to launch 1000 bedded Super specialty hospital in Kolkata". medicaldialogues.in. Retrieved 27 April 2022.
  18. ^ "Narayana Hrudayalaya's market cap crosses $1 billion on market debut – Forbes India". Forbes India.
  19. ^ "Narayana Health buys Westbank Hospital". The Times of India. Retrieved 13 September 2018.
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