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[[Devi Shetty|Dr. 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>
[[Devi Shetty|Dr. 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>


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> It now operates several hospitals and heart centres across India, making it the second largest hospital network in India (based on operational bed count). Since 2014, the group operates [[Health City Cayman Islands]] in Grand Caymen. Dr. Emmanuel Rupert was made the MD & Group CEO in the place of Dr. 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> The company has built a track record of providing good quality services at an affordable cost, especially in cardiology.<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|Gurugram]] and [[Mumbai]], by opening premium multi speciality hospitals, in order to boost margins.<ref name=":0" /> In 2022, NH announced that it is looking to set up a 1000-bed advanced speciality hospital in [[Kolkata]], [[West Bengal]].<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>[[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.]]
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> It now operates several hospitals and heart centres across India, making it the second largest hospital network in India (based on operational bed count). Since 2014, the group operates [[Health City Cayman Islands]] in Grand Caymen. Dr. Emmanuel Rupert was made the MD & Group CEO in the place of Dr. 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> The company has built a track record of providing good quality services at an affordable cost, especially in cardiology.<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|Gurugram]] and [[Mumbai]], by opening premium multi speciality hospitals, in order to boost margins.<ref name=":0" /> In 2022, NH announced that it is looking to set up a 1000-bed advanced speciality hospital in [[Kolkata]], [[West Bengal]].<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 now and is likely to take over the reigns from his dad. <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.]]


==Listing==
==Listing==

Revision as of 10:37, 4 July 2023

Narayana Health
(Narayana Hrudayalaya Limited)
Company typePublic
BSE: 539551
NSE: NH
ISININE410P01011
IndustryHealthcare
Founded2000; 24 years ago (2000)
FounderDr. Devi Shetty
Headquarters
Bangalore
,
India
Number of locations
24 hospitals, 7 heart centres
Area served
India & Cayman Islands
Key people
Dr. Devi Shetty, Chairman
Emmanuel Rupert, MD & Group CEO[1]
Viren Shetty, Executive Vice Chairman[2]
ProductsHospitals, Pharmacy, Diagnostic centres
Revenue₹3,151 crore (US$370 million) (2020)[3]
₹250 crore (US$29 million) (2020)[3]
₹122 crore (US$14 million) (2020)[3]
Number of employees
11,261 (2020)[3]
Websitewww.narayanahealth.org
Narayana Institute of Cardiac Sciences, Bangalore, India

Narayana Health (formerly known as Narayana Hrudyalaya) is an Indian chain of multi-speciality hospitals, heart centres, and primary care facilities with its headquarters in Bengaluru, India.[4] It was founded by Dr. Devi Shetty in the year 2000.[5][6][7]

Narayana Health has its presence across major Indian cities Bangalore, Delhi, Gurugram, Kolkata, Ahmedabad, Raipur, Jaipur, Mumbai, Mysore etc. with an international subsidiary in the Cayman Islands.[8] The facilities offer medical care in over 30 medical specialities and three of its hospitals – Narayana Institute of Cardiac Sciences, Bangalore, and Health City Cayman Islands – are JCI (Joint Commission International) accredited.[9][third-party source needed]

History

Dr. Devi Shetty founded Narayana Hrudalaya (NH) in the year 2000 with a 280-bed heart hospital[10] in Bangalore.[11][12]

In 2013, Narayana Hrudyalaya officially changed its identity to Narayana Health.[13] It now operates several hospitals and heart centres across India, making it the second largest hospital network in India (based on operational bed count). Since 2014, the group operates Health City Cayman Islands in Grand Caymen. Dr. Emmanuel Rupert was made the MD & Group CEO in the place of Dr. Ashutosh Raghuvansha following the latter's resignation in January 2019.[14] The company has built a track record of providing good quality services at an affordable cost, especially in cardiology.[15] From 2016 onwards, NH has increased its presence in New Delhi, Gurugram and Mumbai, by opening premium multi speciality hospitals, in order to boost margins.[15] In 2022, NH announced that it is looking to set up a 1000-bed advanced speciality hospital in Kolkata, West Bengal.[16]

Viren Shetty is the COO of the Group now and is likely to take over the reigns from his dad. [17]

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

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.[18]

Current facilities

India

North India

West India

South India

East India

Cayman Islands

See also

References

  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. ^ a b c d "Narayana Hrudayalaya Limited Financial Statements". moneycontrol.com.
  4. ^ "Narayana Health: Providing World-class Treatment to the Poor | Forbes India". Forbes India. Retrieved 13 September 2018.
  5. ^ "D A I J I W O R L D". daijiworld.com. Retrieved 13 September 2018.
  6. ^ "Entrepreneurial Hospital Pioneers New Model". HBS Working Knowledge. 24 January 2005. Retrieved 13 September 2018.
  7. ^ indiainfoline.com. "26 Heart Transplants and going strong". Retrieved 13 September 2018.
  8. ^ Ramanathan, Arundhati (1 June 2016). "Kiran Mazumdar-Shaw becomes second Indian to take the Giving Pledge". Mint. Retrieved 13 September 2018.
  9. ^ "Health City Cayman Islands Awarded JCI Accreditation" (Press release). PR Newswire. Retrieved 13 September 2018.
  10. ^ "Biggest Innovations: Narayana Health has successfully married affordability, quality health care". businesstoday.in. 9 May 2014. Retrieved 18 November 2020.
  11. ^ "Boom time for medicare". The Hindu. 30 April 2006. ISSN 0971-751X. Retrieved 13 September 2018.
  12. ^ "Devi Shetty's Narayana Healthcare: Men behind success of his low-cost hospitals". The Economic Times. Retrieved 13 September 2018.
  13. ^ "Narayana Hrudayalaya History | Narayana Hrudayalaya Information – The Economic Times". The Economic Times. Retrieved 13 September 2018.
  14. ^ "Narayana Hrudayalaya appoints new CEO, Viren Shetty is new Group COO". The Economic Times. Retrieved 12 November 2020.
  15. ^ 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.
  16. ^ 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.
  17. ^ "I did not want to pursue medicine: Narayana Health COO Viren Shetty". The New Indian Express. Retrieved 4 July 2023.
  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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