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'''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 hospital 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==

Revision as of 06:33, 17 April 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
Revenue₹4,590 crore (US$540 million) (2023)[4]
₹821 crore (US$96 million) (2023)[4]
₹606 crore (US$71 million) (2023)[4]
Number of employees
11,261 (2023)[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 hospital 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

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

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

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. ^ "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 "Narayana Hrudayalaya Limited Financial Statements". moneycontrol.com.
  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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