Narayana Health

Narayana Health
(Narayana Hrudayalaya Limited)
Company 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
RevenueIncrease ₹5,483 crore (US$650 million) (2025)
Increase ₹1,368 crore (US$160 million) (2025)
Increase ₹789 crore (US$93 million) (2025)
Number of employees
19,214 (2024)[4]
Websitewww.narayanahealth.org
Footnotes / references
Financials as of 31 March 2025.[5]
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.[6] It was founded by Dr. Devi Shetty in the year 2000.[7][8][9]

It 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.[10] 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.[11]

History

Devi Shetty founded Narayana Hrudalaya (NH) in the year 2000 with a 280-bed heart hospital[12] in Bangalore.[13][14]

In 2013, Narayana Hrudyalaya officially changed its identity to Narayana Health.[15] 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.[16][17] 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.[17] In 2022, NH announced that it is looking to set up a 1000-bed advanced specialty hospital in Kolkata.[18]

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.[19]

Locations

India

No Hospital / Health Centre City State / UT
1 Shri Mata Vaishno Devi Narayana Super Speciality Hospital[20] Jammu Jammu & Kashmir
2 Narayana Superspeciality Hospital, Gurgaon[21] Gurgaon Haryana
3 Dharamshila Cancer Hospital and Research Centre[22] Delhi Delhi
4 Narayana Multispeciality Hospital, Ahmedabad[23] Ahmedabad Gujarat
5 Narayana Multispeciality Hospital, Jaipur[24] Jaipur Rajasthan
6 SRCC Children's Hospital[25] Mumbai Maharashtra
7 Mazumdar Shaw Medical Centre[26] Bengaluru Karnataka
8 MS Ramaiah Narayana Heart Centre
9 Narayana Institute of Cardiac Sciences[27]
10 Narayana Medical Centre, Langford Town
11 Narayana Multispeciality Clinic, Jayanagar[28]
12 Narayana Multispeciality Hospital, HSR Layout[29]
13 Narayana Multispeciality Hospital, Whitefield
14 Narayana Multispeciality Hospital, Mysore[30] Mysore
15 NH Jindal Sanjeevani Multispeciality Hospital Bellary
16 RL Jalappa Narayana Heart Centre[31] Kolar
17 Sahyadri Narayana Multispeciality Hospital[32] Shimoga
18 SDM Narayana Heart Centre[33] Dharwad
19 SS Narayana Heart Centre[34] Davangere
20 Malla Reddy Narayana Multispeciality Hospital Hyderabad Telangana
21 MMI Narayana Multispeciality Hospital[35] Raipur Chhattisgarh
22 Brahmananda Narayana Multispeciality Hospital[36] Jamshedpur Jharkhand
23 Narayana Multispeciality Hospital, Barasat[37] Kolkata West Bengal
24 Rabindranath Tagore International Institute of Cardiac Sciences[38]
25 Rabindranath Tagore Surgical Centre[39]
26 Narayana Multispeciality Hospital, Howrah[40] Howrah
27 Narayana Superspeciality Hospital, Howrah[41]
28 Narayana Superspeciality Hospital, Guwahati[42] Guwahati Assam

Cayman Islands

No Hospital / Health Centre Country
1 Health City Cayman Islands 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. ^ "I did not want to pursue medicine: Narayana Health COO Viren Shetty". The New Indian Express. 16 December 2021. Retrieved 4 July 2023.
  4. ^ "Earnings Update Q4 FY24 and FY24" (PDF). Narayana Health. Retrieved 13 June 2024.
  5. ^ "Earnings Update Q4 FY25 and FY25" (PDF). Narayana Hrudayalaya Limited. Retrieved 30 May 2025.
  6. ^ "Narayana Health: Providing World-class Treatment to the Poor | Forbes India". Forbes India. Retrieved 13 September 2018.
  7. ^ "D A I J I W O R L D". daijiworld.com. Retrieved 13 September 2018.
  8. ^ "Entrepreneurial Hospital Pioneers New Model". HBS Working Knowledge. 24 January 2005. Retrieved 13 September 2018.
  9. ^ indiainfoline.com. "26 Heart Transplants and going strong". Retrieved 13 September 2018.
  10. ^ Ramanathan, Arundhati (1 June 2016). "Kiran Mazumdar-Shaw becomes second Indian to take the Giving Pledge". Mint. Retrieved 13 September 2018.
  11. ^ "Health City Cayman Islands Awarded JCI Accreditation" (Press release). PR Newswire. Retrieved 13 September 2018.
  12. ^ "Biggest Innovations: Narayana Health has successfully married affordability, quality health care". businesstoday.in. 9 May 2014. Retrieved 18 November 2020.
  13. ^ "Boom time for medicare". The Hindu. 30 April 2006. ISSN 0971-751X. Retrieved 13 September 2018.
  14. ^ "Devi Shetty's Narayana Healthcare: Men behind success of his low-cost hospitals". The Economic Times. Retrieved 13 September 2018.
  15. ^ "Narayana Hrudayalaya History | Narayana Hrudayalaya Information – The Economic Times". The Economic Times. Retrieved 13 September 2018.
  16. ^ "Narayana Hrudayalaya appoints new CEO, Viren Shetty is new Group COO". The Economic Times. Retrieved 12 November 2020.
  17. ^ 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.
  18. ^ 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.
  19. ^ "Narayana Hrudayalaya's market cap crosses $1 billion on market debut – Forbes India". Forbes India.
  20. ^ "Shri Mata Vaishno Devi Narayana Superspeciality Hospital, Jammu: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  21. ^ "Narayana Superspeciality Hospital, Gurugram: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  22. ^ "Dharamshila Narayana Superspeciality Hospital, Delhi". www.narayanahealth.org. Retrieved 17 August 2025.
  23. ^ "Narayana Multispeciality Hospital, Rakhial, Ahmedabad: Timings, Location & Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  24. ^ "Narayana Multispeciality Hospital, Jaipur: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  25. ^ "SRCC Children's Hospital, Mumbai: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  26. ^ "Mazumdar Shaw Medical Center, Bommasandra, Bangalore: Timings, Location & Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  27. ^ "Narayana Institute of Cardiac Sciences, Bommasandra, Bangalore: Timings, Location & Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  28. ^ "Narayana Multispeciality Clinic, Jayanagar, Bangalore: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  29. ^ "Narayana Multispeciality Hospital, HSR Layout, Bangalore: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  30. ^ "Narayana Multispeciality Hospital, Mysore: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  31. ^ "RL Jalappa Narayana Heart Centre, Kolar: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  32. ^ "Sahyadri Narayana Multispeciality Hospital, Shimoga: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  33. ^ "SDM Narayana Heart Centre, Dharwad: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  34. ^ "SS Narayana Heart Centre, Davangere: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  35. ^ "MMI Narayana Superspeciality Hospital, Raipur: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  36. ^ "Brahmananda Narayana Multispeciality Hospital, Jamshedpur: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  37. ^ "Narayana Multispeciality Hospital, Barasat". www.narayanahealth.org. Retrieved 17 August 2025.
  38. ^ "Rabindranath Tagore International Institute of Cardiac Sciences, Kolkata". www.narayanahealth.org. Retrieved 17 August 2025.
  39. ^ "Rabindranath Tagore International Institute of Cardiac Sciences, Kolkata". www.narayanahealth.org. Retrieved 17 August 2025.
  40. ^ "Narayana Health buys Westbank Hospital". The Times of India. Retrieved 13 September 2018.
  41. ^ "Narayana Superspeciality Hospital, Howrah: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
  42. ^ "Narayana Superspeciality Hospital, Amingaon, Guwahati: Timings, Location, Reviews". www.narayanahealth.org. Retrieved 17 August 2025.
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