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| founder = [[Devi Shetty|Dr. Devi Shetty]]
| founder = [[Devi Shetty|Dr. Devi Shetty]]
| hq_location_city = [[Bangalore]]
| hq_location_city = [[Bangalore]]
| hq_location_country = [[India]]
| hq_location_country = India
| num_locations = 24 hospitals, 7 heart centres
| num_locations = 24 hospitals, 7 heart centres
| industry = [[Healthcare]]
| industry = [[Healthcare]]
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}}
}}
[[File:NICS - Building Image 2.jpg|thumb|Narayana Institute of Cardiac Sciences, Bangalore, India]]
[[File:NICS - Building Image 2.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 [[Bengaluru, India]].<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 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]].<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 specialities 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 specialities 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==
[[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>
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. Dr. Emmanuel Rupert was made the MD & Group CEO in 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><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 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]], [[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 reins 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.]]
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.]]


==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 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>


== Current facilities ==
== Current facilities ==
Line 85: Line 85:


=== Cayman Islands ===
=== Cayman Islands ===
⚫
* Health City Cayman Islands, [[Cayman Islands]]

⚫
* Health City Cayman Islands, [[Cayman Islands]]&nbsp;

==See also==
*[[Devi Shetty|Dr. Devi Shetty]]


==References==
==References==

Revision as of 08:41, 7 September 2023

Narayana Health
(Narayana Hrudayalaya Limited)
Company typePublic
BSE: 539551
NSE: NH
ISININE410P01011
IndustryHealthcare
Founded2000; 25 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₹4,590 crore (US$530 million) (2023)[3]
₹821 crore (US$95 million) (2023)[3]
₹606 crore (US$70 million) (2023)[3]
Number of employees
11,261 (2023)[3]
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.[4] It was founded by Dr. Devi Shetty in the year 2000.[5][6][7]

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.[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][independent 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] Since 2014, the group operates Health City Cayman Islands in Grand Caymen. Dr. Emmanuel Rupert was made the MD & Group CEO in place of Dr. Ashutosh Raghuvansha following the latter's resignation in January 2019.[14][15] From 2016 onwards, NH has increased its presence in New Delhi, Gurugram and Mumbai, by opening premium multi specialty hospitals, in order to boost margins.[15] In 2022, NH announced that it is looking to set up a 1000-bed advanced specialty hospital in Kolkata, West Bengal.[16]

Viren Shetty is the COO of the Group.[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. ^ 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.
Quelle: https://en.wikipedia.org/wiki/Special%3ADiff/1174255544