About Nova Specialty Hospitals
Nova Specialty Hospitals is a Healthcare company based in Bengaluru (India) founded in 2009 by Mahesh Reddy, Raghu Krishnan, and Vellur Narayana Shiva Shankar, and was acquired by Apollo Hospitals in January 2015. Chain of ambulatory surgery centres. Nova Specialty Hospitals has raised $113.04 million across 8 funding rounds from investors including Goldman Sachs, Apollo Hospitals and Asia Healthcare Holdings. The company has 5 employees. Nova Specialty Hospitals was last valued at $163.59 million in July 2022. Its Indian entity Nova Medical Centers Private Limited reported revenue of ₹2.23 Cr. Its focus areas include Clinic Chains and Ambulatory Surgery Centers. Its competitors include AB Hospitals and Nidan Health Care; 1 of its 2 listed competitors has raised funding.
Company details
Nova Specialty Hospitals was established in 2009 in Bengaluru, India. Ambulatory surgery centres are managed as a chain within the healthcare sector. Services are delivered in specialties including orthopedics, bariatric surgery, laparoscopic procedures, and general surgery. Operations focus on outpatient care, with facilities located primarily in India to support varied medical needs.
- Headquarters Bengaluru, India
- Employees 5
- Founders Mahesh Reddy, Raghu Krishnan, Vellur Narayana Shiva Shankar
- Stage Acquired
- SectorsHealthcare
- Website novaspecialtyhospitals.com
- Social LinkedIn X
- Acquired by Apollo Hospitals (Jan 2015)
- Legal Name Nova Medical Centers Private Limited
- Date of Incorporation 07 Jan, 2009
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2.23 Cr
FY 2023 · +32% YoY
- Net Profit₹87.1 Lakh
FY 2023 · 0% margin
- EBITDA₹69.65 Cr
FY 2023 · 16% margin
- Total Equity Funding$113.04M (USD)
in 8 rounds
- Latest Funding Round$8.85M (USD), Angel Round
Jul 2022
- InvestorsGoldman Sachs
& 10 more
- Employee Count5
- Acquired byApollo Hospitals
(Jan 2015)
Associated legal entities of Nova Specialty Hospitals
Nova Specialty Hospitals operates through Nova Medical Centers Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nova Medical Centers Private Limited CIN U85110MH2009PTC375301 | Amalgamated | 07 Jan 2009 | Mumbai, Maharashtra | ₹2.2 Cr | 5 | 6 | View details |
Funding Insights of Nova Specialty Hospitals
Nova Specialty Hospitals has successfully raised a total of $113.04M across 8 strategic funding rounds. The most recent funding activity was a Angel Round of $8.85 million completed in July 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 $113.04M
- Total Rounds 8
- Last Round Angel Round — $8.85M
- First Round $1.46M
(Jul 2009)
- Investors Count 10
All 8 funding rounds of Nova Specialty 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 |
|---|---|---|---|---|---|
| Jul 2022 | $8.85M | Angel Round | $163.59M | Asia Healthcare Holdings | |
| Oct 2013 | $26.22M | Series C | $165.47M | Goldman Sachs | |
| Aug 2012 | $41.89M | Series C | $••••• | Goldman Sachs | |
| Dec 2011 | $11.2M | Series B | $••••• | New Enterprise Associates | |
| Jan 2011 | $6.43M | Series A | $••••• | Amethyst Technologies | – |
| May 2010 | $14.88M | Series A | $••••• | New Enterprise Associates | |
| Jan 2010 | $2.11M | Seed | $••••• | GTI Capital Group | |
| Jul 2009 | $1.46M | Seed | $••••• | GTI Capital Group | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2022 | $163.59M | •••••••• |
| Oct 2013 | $165.47M | •••••••• |
| Aug 2012 | $••••• | •••••••• |
| Dec 2011 | $••••• | •••••••• |
| Jan 2011 | $••••• | •••••••• |
| May 2010 | $••••• | •••••••• |
| Jan 2010 | $••••• | •••••••• |
| Jul 2009 | $••••• | •••••••• |
Full valuation and stage history of Nova Specialty Hospitals
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $163.59M (Jul 2022). 11 investors in total: 7 institutional and 4 angel.
Investors in Nova Specialty Hospitals
Nova Specialty Hospitals has secured backing from 11 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Goldman Sachs, Apollo Hospitals and Asia Healthcare Holdings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment and management of healthcare enterprises in Asia. | 2016 | ahholdings.com | Bengaluru, India | |
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Potato farming, grain marketing, and equipment services are conducted in Maine. | 1996 | gticapitalgroup.com | Ebene City, Mauritius | |
Provides comprehensive scientific research and testing services to support innovation. | 2006 | amethysttech.com | Baltimore, United States | |
Manages a real estate fund specializing in student housing investments. | 2001 | victus-capital.com | St. Peter Port, United Kingdom | |
Chain of multispecialty hospitals | 1983 | apollohospitals.com | Chennai, India | |
MB Manish Banker | unknown_d40ba8f5139843ac9 | |||
RP Ritesh Pandey | unknown_c3d3336f7a114a05a | |||
SA Shobhit Agarwal | unknown_ddf492f85ba44dd29 |
Investor details for Nova Specialty Hospitals
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Nova Medical Centers Private Limited (Nova Specialty Hospitals)
Nova Medical Centers Private Limited is the primary company behind Nova Specialty Hospitals. The board of Nova Medical Centers Private Limited currently have 5 directors; the longest-serving is Ankur Nand Thadani, appointed in 2019. 28 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankur Nand Thadani DIN 03566737 | Nominee Director | 24 May 2019 | 7 yrs 5 mo | Nova Medical Centers Private Limited |
| Vishal Bali DIN 01457380 | Nominee Director | 24 May 2019 | 7 yrs 5 mo | Nova Medical Centers Private Limited |
| Ritesh Pandey DIN 07088000 | Director | 30 Oct 2019 | 7 yrs | Nova Medical Centers Private Limited |
| Bhushan Sudhir Bopardikar DIN 09089555 | Nominee Director | 25 Mar 2021 | 5 yrs 7 mo | Nova Medical Centers Private Limited |
| Mayank Rawat DIN 06528218 | Nominee Director | 20 May 2022 | 4 yrs 5 mo | Nova Medical Centers Private Limited |
People of Nova Specialty Hospitals
3 people are tracked at Nova Specialty Hospitals (3 in leadership); the tracked headcount is 5.
| Name | Role | Group |
|---|---|---|
Mahesh Reddy | Co-Founder | Leadership |
Raghu Krishnan | Co-Founder | Leadership |
Vellur Narayana Shiva Shankar | Co-Founder | Leadership |
Complete people profiles for Nova Specialty Hospitals
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- Full employee list
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Verified entity values are shown only after access is granted.
Financials of Nova Specialty Hospitals
Figures of Nova Medical Centers Private Limited, the primary company behind Nova Specialty Hospitals, for FY 2023. Revenue was ₹2.23 Cr (+32% year on year). Net profit was ₹87.1 Lakh (0% margin). EBITDA was ₹69.65 Cr (16% margin). Revenue has grown at a compounded annual rate of +23% over three years and +15% over five years.
- ₹2.23 CrRevenue · FY 2023 · +32% YoY
- ₹87.1 LakhNet profit · 0% margin
- ₹69.65 CrEBITDA · 16% margin
- ₹110 CrPaid-up capital
- 5Employees (provident fund records)
- +23%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nova Medical Centers Private Limited are on its company page.
Detailed financial statements for Nova Specialty 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 Nova Specialty Hospitals
5 dated milestones of Nova Specialty Hospitals across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Nova Specialty Hospitals is founded.
- Funding First funding round of $1.5M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Apollo Hospitals.
- Funding Latest funding round, Angel Round, of $8.8M.
Competitors of Nova Specialty Hospitals
Nova Specialty Hospitals has 2 listed competitors in our database, 1 of them funded. They include AB Hospitals and Nidan Health Care.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| abhospitals.com | 2017 | Gurugram, India | $142,488 | Ambulatory surgery centers are operated as a chain in India. | ||
| nidanhealthcare.co.in | 1995 | Mumbai, India | 2 | Diagnostics services are offered via a chain of clinics. |
Detailed competitors of Nova Specialty Hospitals
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Nova Specialty Hospitals
Websites that share an audience with Nova Specialty Hospitals (novaspecialtyhospitals.com).
Websites whose visitors overlap most with Nova Specialty Hospitals. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| novamedicalcenters.com | 100% | View details | |||
| youtube.com | 69% | 30.4B | #2 | View details |
Top companies in Hospitals & Clinical Care
3 companies that operate in the same segment as Nova Specialty 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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Related news about Nova Specialty Hospitals
Complete news archive for Nova Specialty Hospitals
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Frequently Asked Questions about Nova Specialty Hospitals
Nova Specialty Hospitals was founded in 2009.
Nova Specialty Hospitals is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Nova Specialty Hospitals is a funded company, having raised a total of $113.04M across 8 funding rounds to date. The company's 1st funding round was a Seed of $1.46M, raised on Jul 2009.
Nova Specialty Hospitals has 5 employees.
The primary company behind Nova Specialty Hospitals, Nova Medical Centers Private Limited, reported revenue of ₹2.23 Cr for FY 2023, up 32% year on year.
Nova Specialty Hospitals was established in 2009 in Bengaluru, India. Ambulatory surgery centres are managed as a chain within the healthcare sector. Services are delivered in specialties including orthopedics, bariatric surgery, laparoscopic procedures, and general surgery. Operations focus on outpatient care, with facilities located primarily in India to support varied medical needs.
Nova Specialty Hospitals's top competitors include Nidan Health Care and AB Hospitals.
Nova Specialty Hospitals has 11 investors. Key investors include Goldman Sachs, Apollo Hospitals, Asia Healthcare Holdings, GTI Capital Group, and Manish Banker.
The valuation of Nova Specialty Hospitals is $163.59M as of Jul 2022.
Nova Specialty Hospitals operates through Nova Medical Centers Private Limited.
Yes. Nova Specialty Hospitals was acquired by Apollo Hospitals in January 2015.
The legal entities of Nova Specialty Hospitals currently have 6 directors, including Ritesh Pandey, Bhushan Sudhir Bopardikar, Shankar Venkat Kodukulla and others.