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{{Short description|Indian chain of medical facilities}}
{{Short description|Indian Chain of Medical facilities}}
{{COI|date=February 2020}}
{{COI|date=February 2020}}
{{Use British English|date=December 2013}}
{{Use British English|date=December 2013}}
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{{Infobox company
{{Infobox company
| name = Narayana Health<br />(Narayana Hrudayalaya Limited)
| name = Narayana Health<br />(Narayana Hrudayalaya Limited)
| logo = Logo for Narayana Health.png
| logo = Narayana Health Logo.jpg
| image = Mazumdar Shaw Medical Center, Narayana Health City, Bangalore.jpg
| image = Mazumdar Shaw Medical Center, Narayana Health City, Bangalore.jpg
| image_caption = Mazumdar Shaw Medical Center, Narayana Health City in [[Bangalore]]
| image_caption = [[Mazumdar Shaw Medical Centre]], Narayana Health City in [[Bangalore]]
| type = [[Public limited company|Public]]
| type = [[Public limited company|Public]]
| traded_as = {{BSE|539551}}<br />{{NSE|NH}}
| traded_as = {{BSE|539551}}<br />{{NSE|NH}}
Line 20: Line 20:
| area_served = [[India]] & [[Cayman Islands]]
| area_served = [[India]] & [[Cayman Islands]]
| 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?
| 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?
⚫
|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>
|newspaper=Business Standard}}</ref>
| revenue = {{INRConvert|4590|c}} (2023)<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>
| 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>
| operating_income = {{INRConvert|821|c}} (2023)<ref name="Financials"/>
| operating_income = {{up}} {{INRConvert|1227|c}} (FY24)<ref name="Financials"/>
| net_income = {{INRConvert|606|c}} (2023)<ref name="Financials"/>
| net_income = {{up}} {{INRConvert|789|c}} (FY24)<ref name="Financials"/>
| num_employees = 11,261 (2023)<ref name="Financials"/>
| num_employees = 19,214 (2024)<ref name="Financials"/>
| homepage = {{url|https://www.narayanahealth.org/}}
| homepage = {{url|https://www.narayanahealth.org/}}
}}
}}
[[File:NICS - Building Image 2.jpg|thumb|Narayana Institute of Cardiac Sciences, Bangalore, India]]
[[File:Narayana Institute of Cardiac Sciences, Bangalore, Karnataka, India (2014).jpg|thumb|Narayana Institute of Cardiac Sciences, Bangalore, India]]
'''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>
'''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>


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}}
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}}


==History==
==History==
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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> 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>
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>


⚫
Viren Shetty is the COO of the Group.<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}}</ref>
[[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.]]
[[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.]]


==Listing==
==Listing==
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.<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>
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>


== Current facilities ==
== Current facilities ==
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====South India====
====South India====


* [[Mazumdar Shaw Medical Centre]] Bangalore
* [[Mazumdar Shaw Medical Centre]], Bangalore
* MS Ramaiah Narayana Heart Centre, Bangalore
* MS Ramaiah Narayana Heart Centre, Bangalore
* [[Narayana Institute of Cardiac Sciences|Narayana Institute of Cardiac Sciences, Bangalore]]
* [[Narayana Institute of Cardiac Sciences|Narayana Institute of Cardiac Sciences, Bangalore]]
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== External links ==
== External links ==
* {{Official website}}
* {{Official website}}

* [https://www.narayanahealth.org/blog/ Official blog]
{{Authority control}}
{{Authority control}}


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[[Category:Narayana Health| ]]
[[Category:Narayana Health| ]]
[[Category:Hospitals established in 2000]]
[[Category:Hospitals established in 2000]]
[[Category:Hospitals in Bangalore]]
[[Category:Hospitals in Bengaluru]]
[[Category:Hospital networks in India]]
[[Category:Hospital networks in India]]
[[Category:Hospitals in Kolkata]]
[[Category:Hospitals in Kolkata]]
[[Category:Hospitals in Hyderabad, India]]
[[Category:Hospitals in Hyderabad, India]]
[[Category:Hospitals in Rajasthan]]
[[Category:Hospitals in Rajasthan]]
[[Category:Companies based in Bangalore]]
[[Category:Companies based in Bengaluru]]
[[Category:Health care companies of India]]
[[Category:Health care companies of India]]
[[Category:Health in the Cayman Islands]]
[[Category:Health in the Cayman Islands]]

Latest revision as of 10:56, 16 December 2024

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$590 million) (FY24)[4]
Increase ₹1,227 crore (US$140 million) (FY24)[4]
Increase ₹789 crore (US$92 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

[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]

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

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]

West India

[edit]

South India

[edit]

East India

[edit]

Cayman Islands

[edit]

References

[edit]
  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. 16 December 2021. 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.
[edit]
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