About Kingsway Hospitals
Kingsway Hospitals is a Healthcare company based in Nagpur (India) founded in 2017, and was acquired by KIMS Hospitals in August 2022. Multispecialty hospital services are operated in Nagpur, India. Kingsway Hospitals has raised $24.64 million across 3 funding rounds from investors including KIMS Hospitals, Monika Kotapalliwar and Sagar Agrawal. Its chief executive, as recorded, is Abhinay Bollineni. Its Indian entity Spanv Medisearch Lifesciences Private Limited reported revenue of ₹221 Cr. Its focus areas include Hospitals and Multispecialty Hospitals.
Company details
Kingsway Hospitals was established in 2017 as a standalone multispecialty facility in Nagpur, India. Healthcare services across various specialties are provided through its operations, focusing on patient care in a dedicated hospital setting. The organization is managed by key executives including a Chief Executive Officer and Managing Director, with emphasis on regional medical delivery in the Indian healthcare sector.
- Headquarters Nagpur, India
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website kingswayhospitals.com
- Social LinkedIn X Facebook
- Acquired by KIMS Hospitals (Aug 2022)
- Legal Name Spanv Medisearch Lifesciences Pvt. Ltd
- Date of Incorporation 01 Jan, 2018
- Jurisdiction Nagpur, Maharashtra, India
- Annual Revenue₹221 Cr
FY 2025 · +23% YoY
- Net Loss-₹2.20 Cr
FY 2025 · -1% margin
- EBITDA₹36.30 Cr
FY 2025 · 16% margin
- Total Equity Funding$24.64M (USD)
in 3 rounds
- Latest Funding Round$1.86M (USD), Series A
Jan 2022
- InvestorsKIMS Hospitals
& 32 more
- Acquired byKIMS Hospitals
(Aug 2022)
Associated legal entities of Kingsway Hospitals
Kingsway Hospitals operates through Spanv Medisearch Lifesciences Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Spanv Medisearch Lifesciences Private Limited CIN U74999MH2018PTC303510 | Active | 01 Jan 2018 | Nagpur, Maharashtra | ₹221 Cr | 720 | 6 | View details |
Funding Insights of Kingsway Hospitals
Kingsway Hospitals has successfully raised a total of $24.64M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.86 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $24.64M
- Total Rounds 3
- Last Round Series A — $1.86M
- First Round $18.81M
(May 2019)
- Investors Count 32
All 3 funding rounds of Kingsway Hospitals with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $1.86M | Series A | – | – | |
| May 2021 | $3.98M | Series A | – | Sparkmallandparkingsolutions | |
| May 2019 | $18.81M | Series A | – | Rajan Barokar |
33 investors in total: 3 institutional and 30 angel.
Investors in Kingsway Hospitals
Kingsway Hospitals has secured backing from 33 investors, including angel investors. Prominent investors backing the company include KIMS Hospitals, Monika Kotapalliwar and Sagar Agrawal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
MK Monika Kotapalliwar | unknown_362c9a4605254835a | |||
SA Sagar Agrawal | Co-founder of Beams Fintech, active angel investor in Indian startups | unknown_d88f81df2232434e9 | ||
AS Atul Somani | unknown_b97d022b2b19424b8 | |||
SG Shailendra Ganjewar | unknown_2e1c30bfeb1544eba | |||
RR Rahul Ramesh Atara | unknown_d14d1d0af54941b0a | |||
RK Rajkumar Khandelwal | unknown_143f4e75b0314333a | |||
SP Saurabh Prasad | Angel investor, ex-Flipkart executive, focused on early-stage Indian startups | unknown_32305b5a65d94e4cb | ||
RB Rajan Barokar | unknown_09e98c1c04c7457e8 | |||
DR Deepak Ramratan Goel | unknown_58f01bc1dcfe4f748 | |||
PK Prakash Khetan | unknown_f45e130344cd47309 |
Investor details for Kingsway Hospitals
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Spanv Medisearch Lifesciences Private Limited (Kingsway Hospitals)
Spanv Medisearch Lifesciences Private Limited is the primary company behind Kingsway Hospitals. The board of Spanv Medisearch Lifesciences Private Limited currently have 6 directors; the longest-serving is Bhaskara Rao Bollineni, appointed in 2022. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhaskara Rao Bollineni DIN 00008985 | Director | 01 Sep 2022 | 4 yrs 2 mo | Spanv Medisearch Lifesciences Private Limited |
| Bollineni Abhinay DIN 01681273 | Director | 01 Sep 2022 | 4 yrs 2 mo | Spanv Medisearch Lifesciences Private Limited |
| Akshay Abhay Sancheti DIN 07564977 | Director | 14 Oct 2022 | 4 yrs | Spanv Medisearch Lifesciences Private Limited |
| Rajkumar Radheshyam Khandelwal DIN 06751840 | Director | 14 Oct 2022 | 4 yrs | Spanv Medisearch Lifesciences Private Limited |
| Prameela Rani Yalamanchili DIN 03270909 | Director | 18 Mar 2023 | 3 yrs 7 mo | Spanv Medisearch Lifesciences Private Limited |
| Rajeswara Rao Gandu DIN 05339318 | Director | 05 Jan 2024 | 2 yrs 10 mo | Spanv Medisearch Lifesciences Private Limited |
People of Kingsway Hospitals
3 people are tracked at Kingsway Hospitals (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Chief Executive Officer | Leadership | |
Ashish Chandra | CEO | Leadership |
| Managing Director | Leadership |
Complete people profiles for Kingsway Hospitals
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Kingsway Hospitals
Figures of Spanv Medisearch Lifesciences Private Limited, the primary company behind Kingsway Hospitals, for FY 2025. Revenue was ₹221 Cr (+23% year on year). Net loss was -₹2.20 Cr (-1% margin). EBITDA was ₹36.30 Cr (16% margin). Revenue has grown at a compounded annual rate of +8% over three years and +72% over five years.
- ₹221 CrRevenue · FY 2025 · +23% YoY
- -₹2.20 CrNet loss · -1% margin
- ₹36.30 CrEBITDA · 16% margin
- ₹1.75 CrPaid-up capital
- 720Employees (provident fund records)
- +8%Revenue CAGR, 3 years
- +72%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Spanv Medisearch Lifesciences Private Limited are on its company page.
Detailed financial statements for Kingsway Hospitals
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Kingsway Hospitals
4 dated milestones of Kingsway Hospitals across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Kingsway Hospitals is founded.
- Funding First funding round of $18.8M.
- Funding Latest funding round, Series A, of $1.9M.
- Exit Acquired by KIMS Hospitals.
Top companies in Hospitals & Clinical Care
3 companies that operate in the same segment as Kingsway Hospitals (Hospitals & Clinical Care) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Maternity, childcare, and fertility services are delivered via hospital chains. | 2007 | Bengaluru, Karnataka, India | USD 204.87 M | USD 140.46 M | 4,459 | |
Chain of oncology hospitals | 1989 | Bengaluru, Karnataka, India | USD 36.59 M | USD 270.51 M | 321 | |
Chain of multi-super specialty healthcare hospitals | 2004 | Gurugram, Haryana, India | USD 104.7 M | USD 461.72 M | 12,240 |
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Complete news archive for Kingsway Hospitals
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Frequently Asked Questions about Kingsway Hospitals
Kingsway Hospitals was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Kingsway Hospitals is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.
Abhinay Bollineni is the CEO of Kingsway Hospitals, as recorded in our data.
Kingsway Hospitals is a funded company, having raised a total of $24.64M across 3 funding rounds to date. The company's 1st funding round was a Series A of $18.81M, raised on May 2019.
The primary company behind Kingsway Hospitals, Spanv Medisearch Lifesciences Private Limited, reported revenue of ₹221 Cr for FY 2025, up 23% year on year.
Kingsway Hospitals was established in 2017 as a standalone multispecialty facility in Nagpur, India. Healthcare services across various specialties are provided through its operations, focusing on patient care in a dedicated hospital setting. The organization is managed by key executives including a Chief Executive Officer and Managing Director, with emphasis on regional medical delivery in the Indian healthcare sector.
Kingsway Hospitals has 33 investors. Key investors include KIMS Hospitals, Monika Kotapalliwar, Sagar Agrawal, Atul Somani, and Shailendra Ganjewar.
Kingsway Hospitals operates through Spanv Medisearch Lifesciences Private Limited.
Yes. Kingsway Hospitals was acquired by KIMS Hospitals in August 2022.
The legal entities of Kingsway Hospitals currently have 6 directors, including Bhaskara Rao Bollineni, Akshay Abhay Sancheti, Bollineni Abhinay and others.