Narayana Health

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
(Narayana Hrudayalaya Limited)
TypePublic
BSE: 539551
NSE: NH
ISININE410P01011
IndustryHealthcare
Founded2000 (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$570 million) (2023)[4]
₹821 crore (US$100 million) (2023)[4]
₹606 crore (US$76 million) (2023)[4]
Number of employees
11,261 (2023)[4]
Websitewww.narayanahealth.org
Narayana Institute of Cardiac Sciences, Bangalore, India

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]

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

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. "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. 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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