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2024-09-21T09:04:24.877Z

Meet the man from Karnataka who built a 26,000 CR hospital for the poor. 1. Born in Kinnigoli, a small village in the South Kannada district of Karnataka, Devi Prasad Shetty failed to get into medical school on the first attempt. He studied hard on the second attempt and finally graduated with an MBBS from Kasturba Medical College in Mangalore. 👨🎓 2. After completing his FRCS from the Royal College of Surgeons in England, he returned to India. In 1992, he became the first Indian to perform neonatal heart surgery on a 21-day-old baby. Despite having a successful career, Dr Shetty was still not satisfied. 🤔 3. He wanted to help people get cutting-edge healthcare services at an affordable cost. In 2001, Dr Devi Shetty started a 260-bed multi-speciality hospital on the outskirts of Bangalore to reduce costs by 50%. Narayana Hrudayalaya was born. 🚀 4. Starting with cardiac, Dr Shetty adopted the Walmart approach. He bought cheaper scrubs and used cross ventilation instead of air conditioning. Within four years, Narayana scaled to 500 beds, ten operating theatres, two cardiac catheterization laboratories, and a revenue of 59.2 CR. 💸 5. Besides hospitals, Dr Shetty also focused on health insurance with Yeshasvini, where farmers could get heart surgery by paying just Rs 5 in monthly premiums. By 2008, it scaled to 2500 beds across Kolkata and Bangalore and raised 400 CR from JP Morgan and AIG at a valuation of 1600 CR. 💰 6. It grew with a hub-and-spoke model, with its tier 2-3 city hospitals handling routine procedures and feeding into its tier 1 hub hospitals for complex cases. By 2013, Narayana Hrudayalaya became Narayana Health, which expanded to 18 hospitals in 14 cities and clocked a revenue of 827 CR. 🙌 7. When competitors like Apollo, Fortis and Max set up a bed at 1 CR, Narayana did at 17.5 Lakhs due to their low-cost model. It treated 2 lakh inpatients and 15 lakh outpatients annually with 7,500 beds in 29 hospitals across 17 cities. In 2015, it raised 300 CR from the CDC group and was worth 3000 CR. 📉 8. The big news was due. On January 6, 2016, it was listed on the stock market with a 613.08 CR IPO, which oversubscribed 8.70 times. It was worth 6,880.83 CR and became a unicorn. 🦄 9. Today, Narayana Health has expanded to 6254 beds, 18 hospitals, 17 clinics and dialysis centres, three heart care centres, 110 specialities, and 4138 doctors. Its revenue is 5018.3 CR, against a profit of 778 CR, worth 26,545 CR. 💪 ➡️ However, Dr Devi Shetty still serves over 50% of his 27.7 lakh patients free of cost or at highly subsidized rates yearly. 🙏

Vaibhav Gupta

Stealth • 5m

India is the world's fastest growing economy and that is something that even the stock markets of India are exhibiting. Let us discuss with each other by commenting one sector and stocks in that sector you are very bullish on for long term. In my case I feel water management solution providers have great future and likes of ion exchange and vatech wabag could potentially be the beneficiaries of the same. Now let the comments pour in on your favourite sector and stocks from that sector. Let us unveil some exciting industries and companies!!!

8 replies12 likes

Replies (8)

Swapnil Gaur

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Green energy

0 replies3 likes

Jaswanth Jegan

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Renewable Energy

0 replies2 likes

SamCtrlPlusAltMan
•

OpenAI • 5m

0 replies1 like

Mohit Kumar

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Edtech 🙂

0 replies2 likes

Anonymous 3

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D2c

0 replies1 like

Anonymous 2

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Tech, Tech & Tech

0 replies1 like

SHIV DIXIT

Stealth • 5m

Food sector

0 replies3 likes

Anonymous 1

Stealth • 5m

I’m truly looking forward on the sustainable energy sector. I’ve lost out on the opportunity once or twice now. I completely agree with your last few lines too, actually if you look closely NASDAQ has a same kind of trend too

0 replies1 like

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