Narayana Health: Difference between revisions
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{{Short description|Indian |
{{Short description|Indian Chain of Medical facilities}} |
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{{COI|date=February 2020}} |
{{COI|date=February 2020}} |
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{{Use British English|date=December 2013}} |
{{Use British English|date=December 2013}} |
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{{Infobox company |
{{Infobox company |
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| name = Narayana Health<br />(Narayana Hrudayalaya Limited) |
| name = Narayana Health<br />(Narayana Hrudayalaya Limited) |
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| logo = |
| logo = Narayana Health Logo.jpg |
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| image_caption = [[Mazumdar Shaw Medical Centre]], Narayana Health City in [[Bangalore]] |
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| type = [[Public limited company|Public]] |
| type = [[Public limited company|Public]] |
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| traded_as = {{BSE|539551}}<br />{{NSE|NH}} |
| traded_as = {{BSE|539551}}<br />{{NSE|NH}} |
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| ISIN = INE410P01011 |
| ISIN = {{ISIN|sl=n|pl=y|INE410P01011}} |
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| foundation = {{start date and age|df=yes|2000}} |
| foundation = {{start date and age|df=yes|2000}} |
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| founder = [[Devi Shetty]] |
| founder = [[Devi Shetty]] |
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| hq_location_city = [[Bangalore]] |
| hq_location_city = [[Bangalore]] |
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| hq_location_country = |
| hq_location_country = India |
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| num_locations = 24 hospitals, 7 heart centres |
| num_locations = 24 hospitals, 7 heart centres |
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| industry = [[Healthcare]] |
| industry = [[Healthcare]] |
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| products = [[Hospitals]], [[Pharmacy]], [[Medical diagnosis|Diagnostic centre]]s |
| products = [[Hospitals]], [[Pharmacy]], [[Medical diagnosis|Diagnostic centre]]s |
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| area_served = [[India]] & [[Cayman |
| area_served = [[India]] & [[Cayman Islands]] |
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| key_people = [[Devi Shetty]] |
| key_people = [[Devi Shetty]] (Chairman)<br /> Emmanuel Rupert (MD & Group CEO)<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/narayana-hrudayalaya-appoints-new-ceo-viren-shetty-is-new-group-coo/articleshow/67818376.cms|title=Narayana Hrudayalaya appoints new CEO, Viren Shetty is new Group COO|newspaper=The Economic Times}}</ref><br /> Viren Shetty (Executive Vice Chairman)<ref>{{Cite news|url=https://www.business-standard.com/the-morning-show/video/q&a/how-is-viren-shetty-taking-narayana-health-biz-close-to-us-shores-1180.htm|title=How is Viren Shetty taking Narayana Health biz close to US shores? |
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|newspaper=Business Standard}}</ref><ref>{{Cite web |title=I did not want to pursue medicine: Narayana Health COO Viren Shetty |url=https://www.newindianexpress.com/lifestyle/health/2021/dec/16/i-did-notwant-to-pursue-medicinenarayana-health-coo-viren-shetty-2395952.html |access-date=2023-07-04 |website=The New Indian Express|date=16 December 2021 }}</ref> |
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| revenue = {{INRConvert|3151|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/hospitalsmedical-services/narayanahrudayalaya/NH|title=Narayana Hrudayalaya Limited Financial Statements |website=moneycontrol.com}}</ref> |
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| revenue = {{up}} {{INRConvert|5018|c}} (FY24)<ref name="Financials">{{cite web |title=Earnings Update Q4 FY24 and FY24 |url=https://stgaccinwbsdevlrs01.blob.core.windows.net/newcorporatewbsite/stakeholder-category-details/May2024/aHaPAQk7vevUXZIIDItR.pdf |publisher=Narayana Health |access-date=13 June 2024}}</ref> |
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| operating_income = {{up}} {{INRConvert|1227|c}} (FY24)<ref name="Financials"/> |
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| net_income = {{up}} {{INRConvert|789|c}} (FY24)<ref name="Financials"/> |
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| homepage = {{url|https://www.narayanahealth.org/}} |
| homepage = {{url|https://www.narayanahealth.org/}} |
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}} |
}} |
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[[File: |
[[File:Narayana Institute of Cardiac Sciences, Bangalore, Karnataka, India (2014).jpg|thumb|Narayana Institute of Cardiac Sciences, Bangalore, India]] |
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'''Narayana Health''' (formerly known as '''Narayana Hrudyalaya''') is an Indian |
'''Narayana Health''' (formerly known as '''Narayana Hrudyalaya''') is an Indian [[For-profit hospital|for-profit]] [[Private hospital|private]] [[hospital network]] headquartered in [[Bangalore]].<ref>{{Cite web|url=http://www.forbesindia.com/article/philanthropy-awards-2013/narayana-health-providing-worldclass-treatment-to-the-poor/36645/1|title=Narayana Health: Providing World-class Treatment to the Poor {{!}} Forbes India|website=Forbes India|language=en-US|access-date=2018-09-13}}</ref> It was founded by [[Devi Shetty|Dr. Devi Shetty]] in the year 2000.<ref>{{Cite web|url=http://www.daijiworld.com/chan/interviews_view.asp?i_id=34|title=D A I J I W O R L D|website=daijiworld.com|access-date=2018-09-13}}</ref><ref>{{Cite news|url=https://hbswk.hbs.edu/item/entrepreneurial-hospital-pioneers-new-model|title=Entrepreneurial Hospital Pioneers New Model|date=2005-01-24|work=HBS Working Knowledge|access-date=2018-09-13|language=en-us}}</ref><ref>{{Cite news|url=https://www.indiainfoline.com/article/news-sector-pharma-healthcare/26-heart-transplants-and-going-strong-116092900442_1.html|title=26 Heart Transplants and going strong|last=indiainfoline.com|access-date=2018-09-13|language=en}}</ref> |
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Narayana Health |
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]].<ref>{{Cite news|url=https://www.livemint.com/Companies/u8l289zXK6BeYXJwskFHmJ/Kiran-MazumdarShaw-becomes-second-Indian-to-take-the-Giving.html|title=Kiran Mazumdar-Shaw becomes second Indian to take the Giving Pledge|last=Ramanathan|first=Arundhati|date=2016-06-01|work=Mint|access-date=2018-09-13}}</ref> 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.<ref>{{Cite press release|url=https://www.prnewswire.com/news-releases/health-city-cayman-islands-awarded-jci-accreditation-300083613.html|title=Health City Cayman Islands Awarded JCI Accreditation|agency=PR Newswire|language=en|access-date=2018-09-13}}</ref>{{Third-party inline|date=November 2020}} |
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==History== |
==History== |
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[[ |
[[Devi Shetty]] founded Narayana Hrudalaya (NH) in the year 2000 with a 280-bed heart hospital<ref>{{Cite web|title=Biggest Innovations: Narayana Health has successfully married affordability, quality health care|url=https://www.businesstoday.in/magazine/cover-story/biggest-india-innovation-narayana-health/story/205823.html|access-date=2020-11-18|website=businesstoday.in|date=9 May 2014 }}</ref> in [[Bangalore]].<ref>{{Cite news|url=https://www.thehindu.com/todays-paper/tp-features/tp-sundaymagazine/boom-time-for-medicare/article3232025.ece|title=Boom time for medicare|date=2006-04-30|work=The Hindu|access-date=2018-09-13|language=en-IN|issn=0971-751X}}</ref><ref>{{Cite web|url=https://economictimes.indiatimes.com/slideshows/corporate-industry/devi-shettys-narayana-healthcare-men-behind-success-of-his-low-cost-hospitals/slideshow/20240988.cms|title=Devi Shetty's Narayana Healthcare: Men behind success of his low-cost hospitals|website=The Economic Times|access-date=2018-09-13}}</ref> |
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In 2013, Narayana Hrudyalaya officially changed its identity to Narayana Health.<ref>{{Cite web|url=https://economictimes.indiatimes.com/narayana-hrudayalaya-ltd/infocompanyhistory/companyid-47955.cms|title=Narayana Hrudayalaya History {{!}} Narayana Hrudayalaya Information – The Economic Times|website=The Economic Times|access-date=2018-09-13}}</ref> |
In 2013, Narayana Hrudyalaya officially changed its identity to Narayana Health.<ref>{{Cite web|url=https://economictimes.indiatimes.com/narayana-hrudayalaya-ltd/infocompanyhistory/companyid-47955.cms|title=Narayana Hrudayalaya History {{!}} Narayana Hrudayalaya Information – The Economic Times|website=The Economic Times|access-date=2018-09-13}}</ref> 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.<ref>{{Cite news|title=Narayana Hrudayalaya appoints new CEO, Viren Shetty is new Group COO|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/narayana-hrudayalaya-appoints-new-ceo-viren-shetty-is-new-group-coo/articleshow/67818376.cms|access-date=2020-11-12}}</ref><ref name=":0">{{Cite web |last=Samuel |first=Joe V |date=31 March 2021 |title=Retail Equity Research (South India Focus): Narayana Health Ltd |url=https://bsmedia.business-standard.com/_media/bs/data/market-reports/equity-brokertips/2021-04/16172623300.11085400.pdf |access-date=27 April 2022 |website=Business Standard |publisher=Geojit }}</ref> 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.<ref name=":0" /> In 2022, NH announced that it is looking to set up a 1000-bed advanced specialty hospital in [[Kolkata]].<ref>{{Cite web |last=Medical Dialogues Bureau |date=2022-04-22 |title=Narayana Health founder Devi Shetty reveals plan to launch 1000 bedded Super specialty hospital in Kolkata |url=https://medicaldialogues.in/news/health/hospital-diagnostics/narayana-health-founder-devi-shetty-reveals-plan-to-launch-1000-bedded-super-specialty-hospital-in-kolkata-91827 |access-date=2022-04-27 |website=medicaldialogues.in |language=en}}</ref> |
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[[File:Ambulance used by Narayana Health Group, India.jpg|alt=An ambulance used by Narayana Health Hospitals|thumb|An ambulance used by Narayana Health Hospitals.]] |
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==Listing== |
==Listing== |
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Narayana Hrudyalaya was listed on the BSE and the NSE on 6 January 2016. Upon debut, the |
Narayana Hrudyalaya was listed on the [[BSE SENSEX|BSE]] and the [[National Stock Exchange of India|NSE]] on 6 January 2016. Upon [[debut]], the company was valued at over US$1 billion.<ref>{{cite web|url=http://forbesindia.com/article/special/narayana-hrudayalayas-market-cap-crosses-$1-billion-on-market-debut/41853/1|title=Narayana Hrudayalaya's market cap crosses $1 billion on market debut – Forbes India|website=Forbes India}}</ref> |
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== Current facilities == |
== Current facilities == |
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====South India==== |
====South India==== |
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* |
* [[Mazumdar Shaw Medical Centre]], Bangalore |
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* MS Ramaiah Narayana Heart Centre, Bangalore |
* MS Ramaiah Narayana Heart Centre, Bangalore |
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* Narayana Institute of Cardiac Sciences, Bangalore |
* [[Narayana Institute of Cardiac Sciences|Narayana Institute of Cardiac Sciences, Bangalore]] |
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* Narayana Nethralaya Hospitals, Bangalore<ref>{{Cite web |url=https://www.narayananethralaya.org/contact-us/ |title=Contact Us |website=Narayana Nethralaya Eye Care Hospital |language=en-US |access-date=2019-12-06}}</ref> |
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* Narayana Medical Centre, Langford Town, Bangalore |
* Narayana Medical Centre, Langford Town, Bangalore |
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* Narayana Multispeciality Clinic, Jayanagar, Bangalore |
* Narayana Multispeciality Clinic, Jayanagar, Bangalore |
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* SDM Narayana Heart Centre, Dharwad |
* SDM Narayana Heart Centre, Dharwad |
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* SS Narayana Heart Centre, Davengere |
* SS Narayana Heart Centre, Davengere |
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* St. Martha's Heart Centre, Bangalore |
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====East |
====East India==== |
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* [[Brahmananda Narayana Multispeciality Hospital, Jamshedpur]] |
* [[Brahmananda Narayana Multispeciality Hospital, Jamshedpur]] |
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* [[Narayana Superspeciality Hospital, Guwahati]] |
* [[Narayana Superspeciality Hospital, Guwahati]] |
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* [[Narayana Superspeciality Hospital, Howrah]] |
* [[Narayana Superspeciality Hospital, Howrah]] |
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* [[Rabindranath Tagore International Institute of Cardiac Sciences]], Kolkata |
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* [[Rabindranath Tagore International Institute of Cardiac Sciences]], Kolkata<ref>{{Cite web|url=http://www.prnewswire.co.in/news-releases/patient-from-bangladesh-fit-for-renal-transplant-after-undergoing-bariatric-surgery-at-rabindranath-tagore-international-institute-of-cardiac-sciences-566669301.html|title=Patient From Bangladesh Fit for Renal Transplant After Undergoing Bariatric Surgery at Rabindranath /PR Newswire India/|last=Health|first=Narayana|website=prnewswire.co.in|access-date=2018-09-13}}</ref> |
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* Rabindranath Tagore Surgical Centre, Kolkata |
* Rabindranath Tagore Surgical Centre, Kolkata |
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* Rotary Narayana Eye Hospital, Kolkata |
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=== Cayman Islands === |
=== Cayman Islands === |
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==References== |
==References== |
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== External links == |
== External links == |
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* {{Official website}} |
* {{Official website}} |
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* [https://www.narayanahealth.org/blog/ Official Blog] |
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{{Authority control}} |
{{Authority control}} |
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[[Category:Narayana Health| ]] |
[[Category:Narayana Health| ]] |
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[[Category:Hospitals established in 2000]] |
[[Category:Hospitals established in 2000]] |
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[[Category:Hospitals in |
[[Category:Hospitals in Bengaluru]] |
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[[Category:Hospital networks in India]] |
[[Category:Hospital networks in India]] |
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[[Category:Hospitals in Kolkata]] |
[[Category:Hospitals in Kolkata]] |
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[[Category:Hospitals in Hyderabad, India]] |
[[Category:Hospitals in Hyderabad, India]] |
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[[Category:Hospitals in Rajasthan]] |
[[Category:Hospitals in Rajasthan]] |
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[[Category:Companies based in |
[[Category:Companies based in Bengaluru]] |
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[[Category:Health care companies of India]] |
[[Category:Health care companies of India]] |
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[[Category:Health in the Cayman Islands]] |
[[Category:Health in the Cayman Islands]] |
Latest revision as of 10:56, 16 December 2024
A major contributor to this article appears to have a close connection with its subject. (February 2020) |
Company type | Public |
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BSE: 539551 NSE: NH | |
ISIN | INE410P01011 |
Industry | Healthcare |
Founded | 2000 |
Founder | Devi Shetty |
Headquarters | , 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] |
Products | Hospitals, Pharmacy, Diagnostic centres |
Revenue | ₹5,018 crore (US$590 million) (FY24)[4] |
₹1,227 crore (US$140 million) (FY24)[4] | |
₹789 crore (US$92 million) (FY24)[4] | |
Number of employees | 19,214 (2024)[4] |
Website | www |
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
[edit]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]
Listing
[edit]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
[edit]India
[edit]North India
[edit]- Shri Mata Vaishno Devi Narayana Super Speciality Hospital, Jammu, J&K
- Narayana Superspeciality Hospital, Gurugram
- Dharamshila Cancer Hospital and Research Centre Delhi
West India
[edit]- Narayana Multispeciality Hospital, Ahmedabad
- Narayana Multispeciality Hospital, Jaipur
- SRCC Children's Hospital, Mumbai
South India
[edit]- Mazumdar Shaw Medical Centre, Bangalore
- MS Ramaiah Narayana Heart Centre, Bangalore
- Narayana Institute of Cardiac Sciences, Bangalore
- Narayana Medical Centre, Langford Town, Bangalore
- Narayana Multispeciality Clinic, Jayanagar, Bangalore
- Narayana Multispeciality Hospital, HSR Layout, Bangalore
- Narayana Multispeciality Hospital, Whitefield, Bangalore
- Narayana Multispeciality Hospital, Mysore
- NH Jindal Sanjeevani Multispeciality Hospital, Bellary
- RL Jalappa Narayana Heart Centre, Kolar
- Sahyadri Narayana Multispeciality Hospital, Shimoga
- SDM Narayana Heart Centre, Dharwad
- SS Narayana Heart Centre, Davengere
East India
[edit]- Brahmananda Narayana Multispeciality Hospital, Jamshedpur
- MMI Narayana Multispeciality Hospital, Raipur
- Narayana Multispeciality Hospital, Barasat, Kolkata
- Narayana Multispeciality Hospital, Howrah[19]
- Narayana Superspeciality Hospital, Guwahati
- Narayana Superspeciality Hospital, Howrah
- Rabindranath Tagore International Institute of Cardiac Sciences, Kolkata
- Rabindranath Tagore Surgical Centre, Kolkata
Cayman Islands
[edit]References
[edit]- ^ "Narayana Hrudayalaya appoints new CEO, Viren Shetty is new Group COO". The Economic Times.
- ^ "How is Viren Shetty taking Narayana Health biz close to US shores?". Business Standard.
- ^ "I did not want to pursue medicine: Narayana Health COO Viren Shetty". The New Indian Express. 16 December 2021. Retrieved 4 July 2023.
- ^ a b c d "Earnings Update Q4 FY24 and FY24" (PDF). Narayana Health. Retrieved 13 June 2024.
- ^ "Narayana Health: Providing World-class Treatment to the Poor | Forbes India". Forbes India. Retrieved 13 September 2018.
- ^ "D A I J I W O R L D". daijiworld.com. Retrieved 13 September 2018.
- ^ "Entrepreneurial Hospital Pioneers New Model". HBS Working Knowledge. 24 January 2005. Retrieved 13 September 2018.
- ^ indiainfoline.com. "26 Heart Transplants and going strong". Retrieved 13 September 2018.
- ^ Ramanathan, Arundhati (1 June 2016). "Kiran Mazumdar-Shaw becomes second Indian to take the Giving Pledge". Mint. Retrieved 13 September 2018.
- ^ "Health City Cayman Islands Awarded JCI Accreditation" (Press release). PR Newswire. Retrieved 13 September 2018.
- ^ "Biggest Innovations: Narayana Health has successfully married affordability, quality health care". businesstoday.in. 9 May 2014. Retrieved 18 November 2020.
- ^ "Boom time for medicare". The Hindu. 30 April 2006. ISSN 0971-751X. Retrieved 13 September 2018.
- ^ "Devi Shetty's Narayana Healthcare: Men behind success of his low-cost hospitals". The Economic Times. Retrieved 13 September 2018.
- ^ "Narayana Hrudayalaya History | Narayana Hrudayalaya Information – The Economic Times". The Economic Times. Retrieved 13 September 2018.
- ^ "Narayana Hrudayalaya appoints new CEO, Viren Shetty is new Group COO". The Economic Times. Retrieved 12 November 2020.
- ^ 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.
- ^ 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.
- ^ "Narayana Hrudayalaya's market cap crosses $1 billion on market debut – Forbes India". Forbes India.
- ^ "Narayana Health buys Westbank Hospital". The Times of India. Retrieved 13 September 2018.
External links
[edit]- Narayana Health
- Hospitals established in 2000
- Hospitals in Bengaluru
- Hospital networks in India
- Hospitals in Kolkata
- Hospitals in Hyderabad, India
- Hospitals in Rajasthan
- Companies based in Bengaluru
- Health care companies of India
- Health in the Cayman Islands
- 2000 establishments in Karnataka
- Indian companies established in 2000
- Companies listed on the National Stock Exchange of India
- Companies listed on the Bombay Stock Exchange