About Fortis Healthcare
Fortis Healthcare is a company based in Gurugram (India) founded in 1996 was acquired by IHH Healthcare Berhad in December 2018.. The company has 26,560 employees as of March 31, 2024. Fortis Healthcare has completed 4 acquisitions, including Medeor Hospital, People Tree Hospitals and Religare Health Trust. Fortis Healthcare operates in a competitive market with competitors including Ujala Cygnus, Narayana Health, Apollo Hospitals, Kauvery Hospital and KIMS Hospitals, among others.
- Headquarter Gurugram, India
- Employees 26560 as on 31 Mar, 2024
- Stage Public
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Fortis Healthcare Ltd.
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Annual Revenue
$904.21 M (USD)12.95as on Mar 31, 2024
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Net Profit
$90.42 M (USD)29.28as on Mar 31, 2024
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EBITDA
$183.64 M (USD)26.26as on Mar 31, 2024
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Latest Funding Round
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Investors
Yes Bank
& 2 more
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Employee Count
26560
as on Mar 31, 2024
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Investments & Acquisitions
Medeor Hospital
& 3 more
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Acquired by
IHH Healthcare Berhad
(Dec 14, 2018)
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IPO & Listings of Fortis Healthcare
Fortis Healthcare is a publicly listed company on the NSE with ticker symbol FORTIS in India, operating in the Health services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Fortis Healthcare
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(01 Sep 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Post-IPO - Fortis Healthcare | Valuation |
investors |
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| Mar, 2018 | Amount | Post-IPO - Fortis Healthcare | Valuation |
investors |
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| Sep, 2013 | Amount | Post-IPO - Fortis Healthcare | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fortis Healthcare
Fortis Healthcare has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Yes Bank, IHH Healthcare Berhad and Eastbridge Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm backed by Yaron Bruckner
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Founded Year | Domain | Location | |
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Commercial banking services are offered to individuals and businesses.
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Founded Year | Domain | Location | |
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Healthcare systems are operated across Asian regions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fortis Healthcare
Fortis Healthcare has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Medeor Hospital, People Tree Hospitals and Religare Health Trust. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Shrimann Superspeciality Hospital is recognized for providing advanced healthcare services in Jalandhar, India.
|
2018 | ||||
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Various medical treatments are offered by a multispecialty hospital chain.
|
2013 | ||||
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Equity REIT investing in medical and healthcare assets and services
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fortis Healthcare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fortis Healthcare Comparisons
Competitors of Fortis Healthcare
Fortis Healthcare operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ujala Cygnus, Narayana Health, Apollo Hospitals, Kauvery Hospital and KIMS Hospitals, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A chain of multi-specialty hospitals is operated in India.
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| domain | founded_year | HQ Location |
A chain of multi-specialty hospitals is operated in India.
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| domain | founded_year | HQ Location |
Chain of multispecialty hospitals
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| domain | founded_year | HQ Location |
Chain of multi-speciality hospitals
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| domain | founded_year | HQ Location |
Multispeciality secondary and tertiary care is provided by hospital chains.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fortis Healthcare
Frequently Asked Questions about Fortis Healthcare
When was Fortis Healthcare founded?
Fortis Healthcare was founded in 1996 and raised its 1st funding round 17 years after it was founded.
Where is Fortis Healthcare located?
Fortis Healthcare is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Fortis Healthcare?
Ashutosh Raghuvanshi is the current CEO of Fortis Healthcare.
How many employees does Fortis Healthcare have?
As of Mar 31, 2024, the latest employee count at Fortis Healthcare is 26,560.
What is the annual revenue of Fortis Healthcare?
Annual revenue of Fortis Healthcare is $904.21M as on Mar 31, 2024.
What does Fortis Healthcare do?
Fortis Healthcare was founded in 1996 and is headquartered in Gurugram, India. A network of multi-specialty hospitals is operated, focusing on healthcare delivery in the private sector. Various medical services, including diagnostics, surgeries, and specialized treatments, are offered through facilities located nationwide. The company serves patients in urban and regional areas, with leadership provided by CEO Ashutosh Raghuvanshi.
Who are the top competitors of Fortis Healthcare?
Fortis Healthcare's top competitors include KIMS Hospitals, Ujala Cygnus and Kauvery Hospital.
Is Fortis Healthcare publicly traded?
Yes, Fortis Healthcare is publicly traded on NSE under the ticker symbol FORTIS.
How many acquisitions has Fortis Healthcare made?
Fortis Healthcare has made 4 acquisitions, including Medeor Hospital, People Tree Hospitals, and Religare Health Trust.
Who are Fortis Healthcare's investors?
Fortis Healthcare has 3 investors. Key investors include Yes Bank, IHH Healthcare Berhad, and Eastbridge Group.
What is Fortis Healthcare's ticker symbol?
The ticker symbol of Fortis Healthcare is FORTIS on NSE.
What is Fortis Healthcare's valuation?
The valuation of Fortis Healthcare is $1.39B as of Apr 2018.
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