Manipal Hospitals

Bengaluru, India Founded: 1991 • Age: 35 yrs Listed Acquired By Temasek India's Most Valuable
Multispecialty hospitals are operated as a chain in India.
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About Manipal Hospitals

Manipal Hospitals is a publicly listed company based in Bengaluru (India) founded in 1991, and was acquired by Temasek in April 2023. Multispecialty hospitals are operated as a chain in India. It operates on a Managed Services model. Manipal Hospitals has raised $645.32 million across 5 funding rounds from investors including Kotak Mahindra Bank, State of California and Manipal Group. The company has 1,357 employees. Manipal Hospitals has completed 8 acquisitions, including AMRI Hospitals, Ankur Hospital and Columbia Asia. Manipal Hospitals was last valued at $4.9 billion in February 2024. Its chief executive, as recorded, is Dilip Jose. Its website manipalhospitals.com draws about 1.2 million monthly visits. Its Indian entity Manipal Health Enterprises Limited reported revenue of ₹10,521 Cr. Manipal Hospitals offers products and services including Cancer Care/Oncology, Cardiology, and Orthopaedics. Its focus areas include Hospitals and Multispecialty Hospitals. Its competitors include Narayana Health, Fortis Healthcare and Apollo Hospitals; 1 of its 3 listed competitors has raised funding.

Company details

Manipal Hospitals is established as one of Indias foremost healthcare groups, operating over 38 hospitals with more than 10,500 beds across the country. Comprehensive medical services are provided, covering specialties such as oncology, cardiology, orthopaedics, and organ transplants. Solutions are offered for a wide range of health conditions through advanced technology and expert care. The organization serves multiple sectors including emergency care, women and child care, and surgical interventions. Patient-first values are emphasized in all operations.

Recognitions & Rankings of Manipal Hospitals

India's Most Valuable Companies 2025 edition · Source: Hurun India
Valuation
₹47,730 Cr
  • Headquarters Bengaluru, India
  • Employees 1,357
  • Stage Acquired
  • Sectors
    Healthcare
  • Website category Health
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website manipalhospitals.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Acquired by Temasek (Apr 2023)
  • Legal Name Manipal Health Enterprises Limited
Operational Areas
Healthcare → Hospitals & Clinical Care
Key Metrics
  • Market Cap
    ₹86,453 Cr

    MANIPALHOS · NSE

  • Share Price
    ₹646.70

    -1.61% today

  • Revenue
    ₹10,336 Cr

    FY 2025-26 · +25.4% YoY

  • EBITDA
    ₹2,537 Cr

    Margin 24.6%

  • Net Profit
    ₹907 Cr

    FY 2025-26 · -10.0% YoY

  • P/E (TTM)
    93.6x

    P/B 5.3x

  • ROE
    12.8%

    ROCE 12.1%

  • Debt / Equity
    1.35

    Interest cover 46.5x

  • Total Equity Funding
    $645.32M (USD)

    in 5 rounds

  • Latest Funding Round
    $85.22M (USD), Series E

    Feb 2024

  • Investors
    Kotak Mahindra Bank

    & 15 more

  • Employee Count
    1,357
  • Investments & Acquisitions
    AMRI Hospitals

    & 7 more

  • Acquired by
    Temasek

    (Apr 2023)

Products & Services of Manipal Hospitals

Manipal Hospitals offers a comprehensive portfolio of products and services, including Cancer Care/Oncology, Cardiology, and Orthopaedics.

Cancer Care/Oncology
Healthcare Services

Specialized treatment for cancer is provided to patients.

Cardiology
Healthcare Services

Heart-related treatments are offered by expert cardiologists.

Orthopaedics
Healthcare Services

Musculoskeletal treatments are delivered for bones and joints.

Apps and channels of Manipal Hospitals

Manipal Hospitals publishes 1 mobile app; its YouTube channel Manipal Hospitals has 1.42K subscribers and 30 videos.

Manipal Hospitals
App Store Medical 12+
Developer: Manipal Health Enterprises Pvt Ltd
View on App Store
Manipal Hospitals
YouTube 1.42K subscribers 30 videos Nonprofits & Activism
Open channel

Videos from Manipal Hospitals

The most watched videos on Manipal Hospitals's YouTube channel, Manipal Hospitals (1.42K subscribers). Click a video to play it here.

Gastroesophageal Reflux Disease Explained | Dr. Aditya Girish Borawake | Manipal Hospital Kharadi
237 views
Congo resident regains ability to walk after spine surgery | Manipal Hospital Old Airport Road
103 views
Catch Up With Your Heart | Manipal Hospital Gurugram
102 views
Laparoscopic sleeve gastrectomy | Prof. (Dr.) Sandeep Aggarwal | Manipal Hospital Delhi
92 views

More on Manipal Hospitals.

Funding Insights of Manipal Hospitals

Manipal Hospitals has successfully raised a total of $645.32M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $85.22 million completed in February 2024. 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 $645.32M
  • Total Rounds 5
  • Last Round Series E — $85.22M
  • First Round $23.86M

    (Nov 2010)

  • Investors Count 16

All 5 funding rounds of Manipal Hospitals with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Feb 2024$85.22MSeries E$4.9BMubadala, Temasek
Novo Holdings, State of California
Apr 2021$286.24MSeries D–NIIF, TPG
Temasek, Imperius Healthcare Investments
Feb 2015$150MSeries C$593.62MTPG
Premji Invest
Nov 2012$100MSeries B–True North
Faering Capital
Nov 2010$23.86MSeries A$•••••Kotak Private Equity Group, Kotak Mahindra Bank
–
Valuation history
DateValuationStage
Feb 2024$4.9B••••••••
Feb 2015$593.62M••••••••
Nov 2010$•••••••••••••
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Full valuation and stage history of Manipal Hospitals

Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.

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  • Stage changes
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Last known valuation $4.9B (Feb 2024). 16 investors in total: 15 institutional and 1 angel.

Investors in Manipal Hospitals

Manipal Hospitals has secured backing from 16 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Kotak Mahindra Bank, State of California and Manipal Group.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Novo Holdings
Private equity and venture capital fund focused on the healthcare sector
novoholdings.dkHellerup, Denmark
Temasek
An investment platform is provided for diverse sectors and geographies.
1974temasek.com.sgSingapore, Singapore
TPG
Fund of funds focused on pre-seed and seed-stage companies
1992tpg.comFort Worth, United States
NIIF
Private equity, infrastructure, and funds on funds focused on multiple sectors
2015niifindia.inMumbai, India
Imperius Healthcare Investments
Healthcare sector investments are targeted by this private equity fund.
Singapore, Singapore
Premji Invest
Provides venture capital for technology startups and enterprise innovations worldwide.
premjiinvest.comBengaluru, India
True North
Private equity is invested by True North in mid-market companies.
truenorth.co.inMumbai, India
Faering Capital
Private equity firm managing investments in Indian sectors.
2009faeringcapital.comMumbai, India
Mubadala
Sovereign wealth fund of United Arab Emirates
2002mubadala.comAbu Dhabi, United Arab Emirates
State of California
Access to government programs and development services is provided.
1997ca.govUnited States
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Investor details for Manipal Hospitals

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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  • Round participation
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Board of directors of Manipal Health Enterprises Limited (Manipal Hospitals)

Manipal Health Enterprises Limited is the primary company behind Manipal Hospitals. The boards of the 2 registered companies of Manipal Hospitals currently have 14 directors; the longest-serving is Ranjan Ramdas Pai, appointed in 2010. 39 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ranjan Ramdas Pai
DIN 00863123
Director29 Oct 201016 yrsManipal Health Enterprises Limited
Puneet Bhatia
DIN 00143973
Director26 Feb 201511 yrs 8 moManipal Health Enterprises Limited
Hebri Sudarshan Ballal
DIN 01195055
Director09 Dec 201510 yrs 10 moManipal Hospitals (Dwarka) Private Limited, Manipal Health Enterprises Limited
Sameer Agarwal
DIN 07554053
Director21 Jun 201610 yrs 4 moManipal Hospitals (Dwarka) Private Limited, Manipal Health Enterprises Limited
Dilip Jose Puthiyidathu
DIN 03591692
Managing Director14 Nov 20178 yrs 11 moManipal Health Enterprises Limited
Vaitheeswaran Seetharaman
DIN 01814726
Director14 Nov 20178 yrs 11 moManipal Health Enterprises Limited
Pramod Alagharu
DIN 08150729
Whole-time director13 Jul 20188 yrs 3 moManipal Hospitals (Dwarka) Private Limited
Sathish Kolar Ramamoorthy
DIN 01626129
Company Secretary14 Aug 20197 yrs 2 moManipal Health Enterprises Limited
Narayanan Kumar
DIN 00007848
Nominee Director08 Mar 20224 yrs 8 moManipal Health Enterprises Limited
Karthik Rajagopal
DIN 06652382
Director01 Apr 20224 yrs 7 moManipal Hospitals (Dwarka) Private Limited
Ved Prakash Kalanoria
DIN 08950500
Director16 Sep 20233 yrs 1 moManipal Health Enterprises Limited
Ravi Mahinder Lambah
DIN 03196888
Director26 Sep 20233 yrs 1 moManipal Health Enterprises Limited
Kaikhushru Shiavax Nargolwala
DIN 10337274
Director10 Oct 20233 yrsManipal Health Enterprises Limited
Varini Sharma
DIN 10462344
Director31 Jan 20242 yrs 9 moManipal Health Enterprises Limited

People of Manipal Hospitals

134 people are tracked at Manipal Hospitals (54 in leadership, 1 in board & advisors, 79 in team); the tracked headcount is 1,357.

NameRoleGroup
Dilip Jose
CEO & Managing DirectorLeadership
Karthik Rajagopal
Chief Operating OfficerLeadership
Sojwal Vora
Chief Supply Chain OfficerLeadership
Sameer Agarwal
Group CFOLeadership
Arnab Mondal
Zonal DirectorLeadership
S.rasmita Patro
Unit Head Supply Chain & ProcurementLeadership
Saket Saxena
Chief Manager FinanceLeadership
Gandhinathan Ramasamy
DirectorLeadership
Pratik Gupta
Corporate Controller (vp-finance & Accounts)Leadership
Pramod Alagharu
Regional Chief Operating OfficerLeadership
Anirban Mukherjee
Chief Manager ITLeadership
Sunil Bhattacharjee
Director - Digital InitiativesLeadership
Deepak Venugopalan
Regional Chief Operating OfficerLeadership
Jayaraman Venkat
Unit Head Of OperationsLeadership
Raajjesh Dasarathan
Chief ManagerLeadership
Vimal Vinod
Head Of Health CheckLeadership
Khadija Vahora
Chief ManagerLeadership
Ramachandran Nair V
Chief Security OfficerLeadership
Suryanarayan Rath
Unit Finance HeadLeadership
Pankaj Sharma
Chief ManagerLeadership

114 more people are available in the full profile.

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Complete people profiles for Manipal 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.

IPO & Listings of Manipal Hospitals

Manipal Hospitals is a publicly listed company on the NSE with ticker symbol MANIPALHOS 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.

  • IPO date05 Aug 2026
  • Listed onNSE: MANIPALHOS
  • Listed entityManipal Health Enterprises Limited
  • Exchange sectorHealth services
  • ISININE459N01021
  • Share price₹660.00 (-1.24% on the day) · 2026-10-14
  • Market capitalisation₹87,861 Cr
  • Volume (last session)264,555

Financials of Manipal Hospitals

Exchange-reported figures of Manipal Health Enterprises Limited, the listed company behind Manipal Hospitals (NSE: MANIPALHOS).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹10,336 Cr
+25.4% YoY
EBITDA
₹2,537 Cr
+19.3% YoY
Profit After Tax
₹907 Cr
-10.0% YoY
Net Worth
₹8,426 Cr
+44.1% YoY
Total Assets
₹21,904 Cr
+75.8% YoY
Total Debt
₹12,863 Cr
+101.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue10,3368,2426,4194,8063,9751,813
Revenue growth+25.4%+28.4%+33.6%+20.9%+119.2%-
EBITDA2,5372,1271,5031,142895225
EBITDA margin+24.6%+25.8%+23.4%+23.8%+22.5%+12.4%
Profit before tax1,1781,242745586632(105)
Net profit9071,007656500264(59.25)
Net profit margin+8.8%+12.2%+10.2%+10.4%+6.6%-3.3%
EPS (₹)7.56138.2570.5056.7371.63(20.12)
Balance sheet
Total assets21,90412,4609,2486,6265,8483,339
Net worth8,4265,8474,0163,2422,8081,132
Total debt12,8636,3855,1302,1842,0171,575
Cash & bank32333038016216223.07
Net working capital(962)(205)(314)(342)(660)(325)
Cash flow
Cash from operations2,0781,5701,3891,149805426
Cash from investing(7,025)(2,544)(870)(994)(1,711)(188)
Cash from financing4,954904(250)(144)941(280)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue3,0912,8822,7402,4752,238
Revenue growth (YoY)+38.1%----
Other income74.5635.5052.9747.9548.35
EBITDA721682610677568
EBITDA margin+23.3%+23.7%+22.3%+27.3%+25.4%
Depreciation187185203151141
Interest293289287156132
Profit before tax315244172418344
Tax71.7557.3713.9910090.15
Net profit243187158318254
EPS (₹)1.961.520.000.002.17
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income statement
Revenue3,5843,1632,7542,4082,1201,407
Revenue growth+13.3%+14.9%+14.3%+13.6%+50.7%-
EBITDA872846732531471211
EBITDA margin+24.3%+26.8%+26.6%+22.0%+22.2%+15.0%
Profit before tax5646495052853363.99
Net profit446535378268162(378)
Net profit margin+12.5%+16.9%+13.7%+11.1%+7.6%-26.9%
EPS (₹)3.7069.4744.4725.7034.87(2.39)
Balance sheet
Total assets8,0672,3065,5404,9714,6823,167
Net worth1,4571,2513,8983,3753,1751,770
Total debt6,6051,0551,6421,3011,1991,073
Cash & bank54.6565.2122828.6120.4715.51
Net working capital(605)(96.70)(84.30)(281)(640)(284)
Cash flow
Cash from operations603559624616375390
Cash from investing(5,795)(453)(405)(511)(1,465)(213)
Cash from financing5,182(137)(19.37)(96.65)1,095(198)
ParticularsJun 2026Mar 2026Jun 2025
Revenue1,048967818
Revenue growth (YoY)+28.2%--
Other income40.8726.1034.52
Total expenses812755595
EBITDA237212223
EBITDA margin+22.6%+21.9%+27.3%
Depreciation64.1461.2346.54
Interest61.5958.4243.10
Profit before tax152118168
Tax36.2326.3442.08

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Revenue3,0912,8822,7402,4752,238
Revenue growth (YoY)+38.1%----
Other income74.5635.5052.9747.9548.35
EBITDA721682610677568
EBITDA margin+23.3%+23.7%+22.3%+27.3%+25.4%
Depreciation187185203151141
Interest293289287156132
Profit before tax315244172418344
Tax71.7557.3713.9910090.15
Net profit243187158318254
EPS (₹)1.961.520.000.002.17
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue10,3368,2426,4194,8063,9751,813
Revenue growth+25.4%+28.4%+33.6%+20.9%+119.2%-
Other income18513493.5388.1331957.64
Total expenses7,7996,1164,9163,6643,0811,588
Employee cost1,4901,219857658552303
EBITDA2,5372,1271,5031,142895225
EBITDA margin+24.6%+25.8%+23.4%+23.8%+22.5%+12.4%
Depreciation680507397315256183
Interest864512455329326205
Profit before tax1,1781,242745586632(105)
Tax26216121215790.4631.79
Net profit9071,007656500264(59.25)
Net profit margin+8.8%+12.2%+10.2%+10.4%+6.6%-3.3%
EPS (₹)7.56138.2570.5056.7371.63(20.12)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital23677.0675.6375.6375.6368.69
Reserves & surplus8,1905,7703,9383,1662,7321,052
Shareholders' funds (net worth)8,4265,8474,0163,2422,8081,132
Minority interest37315371.9912499.7799.43
Secured loans10,5474,7623,7002,1481,9731,451
Unsecured loans2,3161,6231,43036.1744.07125
Total debt12,8636,3855,1302,1842,0171,575
Total liabilities21,90412,4609,2486,6265,8483,339
Assets
Gross block23,53713,7049,7686,8676,4273,242
Net block18,7539,8266,9344,7844,5822,278
Capital work in progress7956141,2661,0331,089412
Investments2,6751,7761,1211,038768551
Inventories17013210363.0677.4022.70
Sundry debtors930637459309298131
Cash & bank balances32333038016216223.07
Loans & advances29412410510212964.84
Total current assets1,7171,2241,047637666242
Total current liabilities2,6791,4281,3609791,327567
Net working capital(962)(205)(314)(342)(660)(325)
Total assets21,90412,4609,2486,6265,8483,339
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash29136192.9456.5322.2064.18
Net cash from operating activities2,0781,5701,3891,149805426
Net cash from investing activities(7,025)(2,544)(870)(994)(1,711)(188)
Net cash from financing activities4,954904(250)(144)941(280)
Net change in cash8.07(69.60)26811.6734.33(41.98)
Closing cash32333038016216223.07
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+25.4%+28.4%+33.6%+20.9%+119.2%-
EBITDA growth+19.3%+41.5%+31.6%+27.7%+297.3%-
PBT growth-5.2%+66.8%+27.2%-7.4%+9998.0%+9997.0%
Net income growth-10.0%+53.4%+31.2%+89.6%+545.6%-
Revenue CAGR (3Y)+29.1%+27.5%+52.4%---
EBITDA CAGR (3Y)+30.5%+33.5%+88.3%---
Profitability & leverage
Net income margin+8.9%+13.1%+8.3%+8.9%+13.6%-7.6%
Return on capital employed+12.1%+16.3%+17.6%+16.1%+15.2%0.0%
Return on net worth+12.8%+21.9%+18.1%+16.5%+13.4%0.0%
Debt / equity1.351.171.010.690.911.35
Long-term debt / equity1.271.100.930.590.781.26
Interest cover46.5331.6041.1239.8450.98486.89
Efficiency & per share
Fixed asset turnover0.560.700.770.720.820.50
Inventory turnover68.5070.1177.2268.4379.4255.52
Debtors turnover13.1915.0416.7115.8318.5313.16
EPS (₹)7.56138.2570.5056.7371.63(20.12)
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)71.42758.78530.69428.68371.29163.22
ParticularsJun 2026Mar 2026Jun 2025
Revenue1,048967818
Revenue growth (YoY)+28.2%--
Other income40.8726.1034.52
Total expenses812755595
EBITDA237212223
EBITDA margin+22.6%+21.9%+27.3%
Depreciation64.1461.2346.54
Interest61.5958.4243.10
Profit before tax152118168
Tax36.2326.3442.08
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Revenue3,5843,1632,7542,4082,1201,407
Revenue growth+13.3%+14.9%+14.3%+13.6%+50.7%-
Other income11710180.8265.1117672.38
Total expenses2,7122,3172,0221,8771,6481,196
Employee cost0.00493416351306240
EBITDA872846732531471211
EBITDA margin+24.3%+26.8%+26.6%+22.0%+22.2%+15.0%
Depreciation223149139139125128
Interest203149168172185151
Profit before tax5646495052853363.99
Tax13411316990.5372.3020.38
Net profit446535378268162(378)
Net profit margin+12.5%+16.9%+13.7%+11.1%+7.6%-26.9%
EPS (₹)3.7069.4744.4725.7034.87(2.39)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Equity & liabilities
Share capital1,0251,02575.6375.6375.6368.69
Reserves & surplus4322253,8223,3003,1001,701
Shareholders' funds (net worth)1,4571,2513,8983,3753,1751,770
Secured loans6,0024691,1611,1440.000.00
Unsecured loans6025864821571,1991,073
Total debt6,6051,0551,6421,3011,1991,073
Total liabilities8,0672,3065,5404,9714,6823,167
Assets
Gross block2,2692,1692,6702,5242,4192,353
Net block1,1741,1741,5891,5441,5411,573
Capital work in progress62.3513.33378374388381
Investments7,2991,1293,3913,2022,9371,115
Inventories36.3531.3730.9516.0637.4513.84
Sundry debtors16110913312815884.85
Cash & bank balances54.6565.2122828.6120.4715.51
Loans & advances30.2029.8367.4910289.0964.48
Total current assets282236460275305179
Total current liabilities887333544556946463
Net working capital(605)(96.70)(84.30)(281)(640)(284)
Total assets8,0672,3065,5404,9714,6823,167
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Opening cash65.2160.9428.6120.4715.5036.33
Net cash from operating activities603559624616375390
Net cash from investing activities(5,795)(453)(405)(511)(1,465)(213)
Net cash from financing activities5,182(137)(19.37)(96.65)1,095(198)
Net change in cash(10.56)(30.90)1998.144.97(20.83)
Closing cash54.6565.2122828.6120.4715.51
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Growth
Sales growth+13.3%+14.9%+14.3%+13.6%+50.7%-
EBITDA growth+3.1%+15.6%+37.8%+12.6%+123.8%-
PBT growth-13.1%+28.5%+77.2%-15.2%+8321.6%+9997.0%
Net income growth-16.6%+41.4%+41.4%+65.3%+142.8%-
Revenue CAGR (3Y)+14.2%+14.3%+25.1%---
EBITDA CAGR (3Y)+18.0%+21.5%+51.5%---
Profitability & leverage
Net income margin+12.0%+16.9%+12.2%+8.1%+12.4%-1.2%
Return on capital employed-+12.0%+14.0%+11.8%+9.9%+7.6%
Return on net worth-+11.8%+10.4%+8.2%+6.6%-21.3%
Debt / equity-0.460.400.380.460.62
Long-term debt / equity-0.420.360.310.370.57
Interest cover31.3021.3828.4243.8553.61182.97
Efficiency & per share
Fixed asset turnover-1.151.060.970.890.56
Inventory turnover-107.94117.1590.0182.6568.64
Debtors turnover-19.5221.1016.8417.4315.55
EPS (₹)3.7069.4744.4725.7034.87(2.39)
Dividend per share (₹)0.000.000.000.000.000.00
Book value per share (₹)0.00676.69515.38446.28419.84257.63

Investments & Acquisitions by Manipal Hospitals

Manipal Hospitals has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include AMRI Hospitals, Ankur Hospital and Columbia Asia.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Sahyadri Hospitals
Multi-speciality hospitals are operated with diverse medical services in India.
sahyadrihospital.comPune, India1994Jul 2025$746.37M
MEDICA Superspecialty Hospital
Chain multispeciality secondary and tertiary care hospital
medicahospitals.inKolkata, India2007Apr 2024••••
Medica Synergie
Limited information available
medicasynergie.inKolkata, India2003Apr 2024••••
AMRI Hospitals
Multispeciality hospital services are delivered through a chain in India.
amrihospitals.inKolkata, India1996Sep 2023••••
Vikram Hospital
Multi-specialty hospital services are offered in Bengaluru.
vikramhospital.comBengaluru, India2000Jun 2021$47.91M
Columbia India Hospitals
A chain of multispecialty hospitals is operated in India.
columbiaindiahospitals.comBengaluru, India2005Nov 2020$241.61M
Columbia Asia
Multi-specialty hospitals are operated as a regional chain.
columbiaasia.comSubang Jaya, Malaysia1996Nov 2020••••
Ankur Hospital
Solar energy solutions, monitoring, and management services are provided.
ankurhospital.comAhmedabad, India1975May 2013••••
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Timeline of Manipal Hospitals

15 dated milestones of Manipal Hospitals across 35 years, from founding to its latest funding, stage changes and deals.

  1. Founded Manipal Hospitals is founded.
  2. Funding First funding round of $23.9M.
  3. Milestone Reaches Minicorn status.
  4. Acquisition Acquires Ankur Hospital.
  5. Acquisition Acquires Columbia Asia.
  6. Acquisition Acquires Columbia India Hospitals.
  7. Acquisition Acquires Vikram Hospital.
  8. Exit Acquired by Temasek.
  9. Acquisition Acquires AMRI Hospitals.
  10. Funding Latest funding round, Series E, of $85.2M.
  11. Milestone Reaches Unicorn status.
  12. Acquisition Acquires Medica Synergie.
  13. Acquisition Acquires MEDICA Superspecialty Hospital.
  14. Acquisition Acquires Sahyadri Hospitals.
  15. IPO Lists on the stock exchange (IPO).

Competitors of Manipal Hospitals

Manipal Hospitals has 3 listed competitors in our database, 1 of them funded. They include Narayana Health, Fortis Healthcare and Apollo Hospitals.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Narayana Health
narayanahealth.org2000Bengaluru, India$148.2M8,145
A chain of multi-specialty hospitals is operated in India.
Fortis Healthcare
fortishealthcare.com1996Gurugram, India1,565
Multi-specialty hospital services are provided across India by Fortis Healthcare.
Apollo Hospitals
apollohospitals.com1983Chennai, India21,350
Chain of multispecialty hospitals
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Detailed competitors of Manipal Hospitals

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Web traffic of Manipal Hospitals

The website of Manipal Hospitals (manipalhospitals.com) receives about 1.2M visits a month and ranks #41,432 among all websites worldwide, #1,043 in Health.

  • Monthly visits
    1.2M

    ▼ 3.9% vs previous month

  • Unique visitors
    664.5K

    per month

  • Global rank
    #41,432

    among all websites

  • Category rank
    #1,043

    Health · Health

Similar websites

Websites whose visitors overlap most with Manipal Hospitals. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Practo
practo.com
100%
12M#4,689View details
Fortis Healthcare
fortishealthcare.com
99%
808.8K#56,407View details
asterhospitals.in
asterhospitals.in
96%
#108,274–
Max Healthcare
maxhealthcare.in
95%
1.5M#37,801View details
HexaHealth
hexahealth.com
92%
1.5M#42,028View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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Top companies in Hospitals & Clinical Care

3 companies that operate in the same segment as Manipal Hospitals (Hospitals & Clinical Care) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Cloudnine
Maternity, childcare, and fertility services are delivered via hospital chains.
2007Bengaluru, Karnataka, IndiaUSD 204.87 MUSD 140.46 M4,459
HCG
Chain of oncology hospitals
1989Bengaluru, Karnataka, IndiaUSD 36.59 MUSD 270.51 M321
Medanta
Chain of multi-super specialty healthcare hospitals
2004Gurugram, Haryana, IndiaUSD 104.7 MUSD 461.72 M12,240
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Related news about Manipal Hospitals

Record quarter primes India IPO market for blockbuster year - The Economic Times
Economic Times • 1 month ago
Manipal Health Repays ₹5,310 Crore Debt Using IPO Proceeds
The Hindu • 1 month ago
Manipal Hospitals scouts for acquisitions in Andhra, Keralam, Delhi-NCR; bets on AI-led healthcare - The Economic Times
Economic Times • 1 month ago
Dr. Amita Shah at Manipal Hospital Gurugram Becomes First Indian Gynaecologist to Perform 41 Robotic Surgeries in 90 Days
Businessnewsthisweek • 1 month ago
Manipal Health Enterprises shares gain nearly 3% even as analysts differ on growth vs valuations - CNBC TV18
CNBCTV18 • 1 month ago
Manipal Hospital Kanakapura Road Expands Healthcare Services with 360° Gut Care
The Tribune • 2 months ago
Broker’s Call: Manipal Health Enterprises (Buy) - The HinduBusinessLine
Thehindubusinessline • 2 months ago
Manipal Hospitals, Sarla Aviation, Aeromed partner for air ambulance services
The Tribune • 2 months ago
Manipal Health Enterprises Q1 PAT drops 7% YoY to Rs 232 cr | Capital Market News - Business Standard
Business Standard • 2 months ago
BSE, Manipal Health, Bharat Coking Coal, Ceigall, Aditya Infotech, HDFC Life | Stocks in focus today - BusinessToday
Business Today • 2 months ago
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Frequently Asked Questions about Manipal Hospitals

Manipal Hospitals was founded in 1991 and raised its 1st funding round 19 years after it was founded.

Manipal Hospitals is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Dilip Jose is the CEO of Manipal Hospitals, as recorded in our data.

Manipal Hospitals is a funded company, having raised a total of $645.32M across 5 funding rounds to date. The company's 1st funding round was a Series A of $23.86M, raised on Nov 2010.

Manipal Hospitals has 1,357 employees.

The primary company behind Manipal Hospitals, Manipal Health Enterprises Limited, reported revenue of ₹10,521 Cr for FY 2026, up 25% year on year.

Manipal Hospitals is established as one of Indias foremost healthcare groups, operating over 38 hospitals with more than 10,500 beds across the country. Comprehensive medical services are provided, covering specialties such as oncology, cardiology, orthopaedics, and organ transplants. Solutions are offered for a wide range of health conditions through advanced technology and expert care. The organization serves multiple sectors including emergency care, women and child care, and surgical interventions. Patient-first values are emphasized in all operations.

Manipal Hospitals's top competitors include Fortis Healthcare, Apollo Hospitals and Narayana Health.

Manipal Hospitals offers Cancer Care/Oncology, Cardiology, and Orthopaedics.

Yes, Manipal Hospitals is publicly traded on NSE under the ticker symbol MANIPALHOS.

Manipal Hospitals has made 8 acquisitions, including AMRI Hospitals, Ankur Hospital, and Columbia Asia.

Manipal Hospitals has 16 investors. Key investors include Kotak Mahindra Bank, State of California, Manipal Group, TPG, and Mubadala.

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