Started from a village and built a hospital worth 80,000 CR. 1. Born in Aragonda, a small village in Andhra Pradesh, Prathap Chandra Reddy's early life was shaped by a desire to heal. After completing his MBBS at Stanley Medical College, he became the first person in Aragonda to do cardiology at Massachusetts General Hospital in Boston. ๐ 2. Dr Prathap became a fellow of the Royal Colleges in the UK. But his heart sank when he saw that a young patient in India died because the family couldn't afford to travel abroad for life-saving heart surgery. In 1971, he came back to India with a big dream. ๐ 3. He aimed to establish India's first corporate hospital to global standards. But Banks were unwilling to lend, and importing medical equipment was mired in bureaucracy. He did not stop and mortgaged his family's 3 CR ancestral property. In 1983, he opened the first 150-bed flagship hospital in Chennai. Apollo Hospitals was born. ๐ 4. But India had no world-class doctors. He flew to the U.S. to convince top-tier Indian doctors to leave their lucrative foreign careers and return to India. And finally, he succeeded. Within three years, Apollo became profitable. โ 5. However, opening new hospitals was a challenge. Local politics and building community trust from scratch were complex. Dr Reddy partnered with state governments to combat this and blended ROI with impact. As it opened hospitals in Ahmedabad, Bilaspur, Mysore and Kolkata and crossed a revenue of 300 CR by 2003, he needed one final step. ๐ 6. In 2003, Apollo Hospitals became the first Indian hospital chain to go public with a 100 CR IPO valued at 500 CR. Within eight years, it had grown to 50 hospitals and 100x to a revenue of 3769 CR by 2013. But Dr Reddy knew he needed more to scale than just opening hospitals. He came with a plan. ๐ค 7. In 2014, he acquired the southern pharmacy - Hetero Med Solutions, a South Indian pharmacy chain with 320 stores, and rebranded as Apollo Pharmacy. In 2015, Apollo launched home care services under Apollo HomeCare and introduced its digital healthcare platform, Ask Apollo. And magic happened. ๐ช 8. By FY2018, revenue had more than doubled to 8243 CR. Even COVID could not stop them, as Apollo introduced its digital health arm - Apollo 24/7, in 2020, which grossed 100 million + users in just two years. The big moment came as it opened 70 hospitals and crossed a revenue of 14,663 CR by 2022. ๐ 9. On 26th April 2024, Apollo raised 2475 CR from Advent International for a 12.1% stake, valuing the company at 22,000 CR. It became the most valued hospital in India. ๐ช 10. Today, Apollo Hospitals has a footprint of over 70 hospitals, 12,000 operational beds, and 6000 pharmacy stores in 25 states. Valued at 80,000 CR, It caters to patients from 120+ countries and clocks a revenue of 21,000 CR. ๐ฐ โก๏ธHowever, Dr Prathap Chandra Reddy has treated over 10,000 patients in Aragonda for just Rs 1 for the last 30 years. ๐
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