Narayana Health

Narayana Health
(Narayana Hrudayalaya Limited)

Mazumdar Shaw Medical Centre, Narayana Health City in Bangalore
Company type	Public
Traded as	BSE:  539551 NSE:  NH
ISIN	INE410P01011
Industry	Healthcare
Founded	2000;25 years ago (2000)
Founder	Devi 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]
Products	Hospitals, Pharmacy, Diagnostic centres
Revenue	₹5,483 crore (US$650 million) (2025)
Operating income	₹1,368 crore (US$160 million) (2025)
Net income	₹789 crore (US$93 million) (2025)
Number of employees	19,214 (2024) [4]
Website	www.narayanahealth.org
Footnotes /references Financials as of 31 March 2025 [update] . [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] [ independent source needed ]}

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.

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	Jammu	Jammu & Kashmir
2	Narayana Superspeciality Hospital, Gurgaon	Gurgaon	Haryana
3	Dharamshila Cancer Hospital and Research Centre	Delhi	Delhi
4	Narayana Multispeciality Hospital, Ahmedabad	Ahmedabad	Gujarat
5	Narayana Multispeciality Hospital, Jaipur	Jaipur	Rajasthan
6	SRCC Children's Hospital	Mumbai	Maharashtra
7	Mazumdar Shaw Medical Centre	Bengaluru	Karnataka
8	MS Ramaiah Narayana Heart Centre
9	Narayana Institute of Cardiac Sciences
10	Narayana Medical Centre, Langford Town
11	Narayana Multispeciality Clinic, Jayanagar
12	Narayana Multispeciality Hospital, HSR Layout
13	Narayana Multispeciality Hospital, Whitefield
14	Narayana Multispeciality Hospital, Mysore	Mysore
15	NH Jindal Sanjeevani Multispeciality Hospital	Bellary
16	RL Jalappa Narayana Heart Centre	Kolar
17	Sahyadri Narayana Multispeciality Hospital	Shimoga
18	SDM Narayana Heart Centre	Dharwad
19	SS Narayana Heart Centre	Davangere
20	Malla Reddy Narayana Multispeciality Hospital	Hyderabad	Telangana
21	MMI Narayana Multispeciality Hospital	Raipur	Chhattisgarh
22	Brahmananda Narayana Multispeciality Hospital	Jamshedpur	Jharkhand
23	Narayana Multispeciality Hospital, Barasat	Kolkata	West Bengal
24	Rabindranath Tagore International Institute of Cardiac Sciences
25	Rabindranath Tagore Surgical Centre
26	Narayana Multispeciality Hospital, Howrah [20]	Howrah
27	Narayana Superspeciality Hospital, Howrah
28	Narayana Superspeciality Hospital, Guwahati	Guwahati	Assam

Cayman Islands

No	Hospital / Health Centre	Country
1	Health City Cayman Islands	Cayman Islands

See also

• List of hospitals in India

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. 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. "Narayana Health buys Westbank Hospital". The Times of India. Retrieved 13 September 2018.

External links

• Official website