About People Tree Hospitals
People Tree Hospitals is a Healthcare company based in Bengaluru (India) founded in 2013 by Upendra Kumar Kandluri and Jothi Neeraja, and was acquired by Fortis Healthcare in December 2025. Various medical treatments are offered by a multispecialty hospital chain. People Tree Hospitals has raised $12.44 million across 9 funding rounds from investors including Fortis Healthcare, BlackRock and Pratithi Investments. The company has 400 employees. People Tree Hospitals was last valued at $21.47 million in March 2023. Its chief executive, as recorded, is Jothi Neeraja. Its website peopletreehospitals.com draws about 17 thousand monthly visits. People Tree Hospitals offers products and services including Neurosciences Services, Orthopaedics Services, Cardiac Sciences Services, and Gastroenterology Services. Its focus areas include Hospital Chains and Multispecialty Hospital Chains. Its competitors include Fortis Healthcare, Ujala Cygnus and Narayana Health; 2 of its 3 listed competitors have raised funding.
Company details
People Tree Hospitals was founded in 2013 in Bengaluru, India, as a chain of multispecialty facilities in the healthcare sector. Operations focus on delivering treatments across Neurosciences, Orthopaedics, Cardiac Sciences, Gastroenterology, Paediatrics and Neonatology, Oncology, Dermatology, Radiology and Imaging, Ophthalmology, ENT, Urology and Nephrology. Diagnostic, surgical, and emergency services are also provided to support comprehensive patient care.
- Headquarters Bengaluru, India
- Employees 400
- Founders Upendra Kumar Kandluri, Jothi Neeraja
- Stage Acquired
- SectorsHealthcare
- Phone•••• ••••
- Website peopletreehospitals.com
- Social LinkedIn X Facebook Instagram
- Acquired by Fortis Healthcare (Dec 2025)
- Annual Revenue$12.49 M (USD)11as on Mar 31, 2024
- Net Profit-$1.06 M (USD)-139as on Mar 31, 2024
- EBITDA-$418.92 K (USD)-2688as on Mar 31, 2024
- Total Equity Funding$12.44M (USD)
in 9 rounds
- Latest Funding Round$25.53M (USD), Debt – Conventional
Apr 2025
- InvestorsFortis Healthcare
& 92 more
- Employee Count400
- Acquired byFortis Healthcare
(Dec 2025)
Associated legal entities of People Tree Hospitals
People Tree Hospitals is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tmi Healthcare Private Limited CIN U85100KA2011PTC059175 | Active | 16 Jun 2011 | Bangalore, Karnataka | ₹103 Cr | 523 | 3 | View details |
| Tmi Healthcare Ecosystems Private Limited CIN U74999KA2016PTC098726 | Strike Off | 23 Dec 2016 | Bangalore, Karnataka | 2 | View details |
Products & Services of People Tree Hospitals
People Tree Hospitals offers a comprehensive portfolio of products and services, including Neurosciences Services, Orthopaedics Services, Cardiac Sciences Services, and Gastroenterology Services.
Provides neurological disorder treatments and surgeries for brain care.
Offers bone and joint treatments including surgeries and rehabilitation.
Delivers heart disease diagnostics and surgical interventions for patients.
Handles digestive system disorders with advanced therapeutic procedures.
Funding Insights of People Tree Hospitals
People Tree Hospitals has successfully raised a total of $12.44M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $25.53 million completed in April 2025. 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 $12.44M
- Total Rounds 9
- Last Round Debt – Conventional — $25.53M
- First Round $2.58M
(Mar 2014)
- Investors Count 92
All 9 funding rounds of People Tree 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 |
|---|---|---|---|---|---|
| Apr 2025 | $25.53M | Debt – Conventional | – | – | |
| Mar 2023 | $1.83M | Seed | $21.47M | – | |
| Nov 2021 | $4.68M | Seed | $21.07M | – | |
| Sep 2019 | $284,608 | Angel Round | $••••• | – | |
| Mar 2018 | $158,235 | Angel Round | $••••• | Chandrashekar Krishnaswamy | – |
| May 2016 | $1.1M | Angel Round | $••••• | B Shermila | |
| Oct 2015 | $864,024 | Angel Round | $••••• | Nagara Dupakunta, Parthasarathy Ashok Thalagavar | |
| Mar 2015 | $942,905 | Angel Round | $••••• | Appakondu Sridhar, Ranganath Ranganna | |
| Mar 2014 | $2.58M | Angel Round | $••••• | Supraja Chandrasekar |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2023 | $21.47M | •••••••• |
| Nov 2021 | $21.07M | •••••••• |
| Sep 2019 | $••••• | •••••••• |
| Mar 2018 | $••••• | •••••••• |
| May 2016 | $••••• | •••••••• |
| Oct 2015 | $••••• | •••••••• |
| Mar 2015 | $••••• | •••••••• |
| Mar 2014 | $••••• | •••••••• |
Full valuation and stage history of People Tree 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
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $21.47M (Mar 2023). 93 investors in total: 3 institutional and 90 angel.
Investors in People Tree Hospitals
People Tree Hospitals has secured backing from 93 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Fortis Healthcare, BlackRock and Pratithi Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private investment arm of Kris Gopalakrishnan Family Office. | 2014 | pratithi.com | Bengaluru, India | |
Diversified investment management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors | 1988 | blackrock.com | New York, United States | |
Multi-specialty hospital services are provided across India by Fortis Healthcare. | 1996 | fortishealthcare.com | Gurugram, India | |
JN Jothi Neeraja | unknown_7610ad059ffb4491b | |||
UK Upendra Kumar Kandluri | unknown_0ecdb1fdc21d47aba | |||
CK Chandrashekar Krishnaswamy | unknown_43ad06e8f7864839a | |||
AL Anand Lakshminarasimhachar | unknown_892405faa0644a0b8 | |||
NK Narayan Kwarappa Muniswamy | unknown_092bb28aaf1e4b90b | |||
BS B Shermila | unknown_84fe83e2510442928 | |||
PA Parthasarathy Ashok Thalagavar | unknown_07588502c66d43cbb |
Investor details for People Tree 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 People Tree Hospitals
The boards of the 2 registered companies of People Tree Hospitals currently have 5 directors; the longest-serving is Jothi Neeraja Satyananda, appointed in 2016. 19 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jothi Neeraja Satyananda DIN 07444941 | Director | 23 Dec 2016 | 9 yrs 10 mo | Tmi Healthcare Ecosystems Private Limited |
| Chandrasekar Chikkamuniyappa DIN 03531099 | Director | 23 Dec 2016 | 9 yrs 10 mo | Tmi Healthcare Ecosystems Private Limited |
| Mahipal Singh Bhanot DIN 10798706 | Director | 09 Jan 2026 | 10 mo | Tmi Healthcare Private Limited |
| Bishnu Prasad Panigrahi DIN 03551067 | Director | 09 Jan 2026 | 10 mo | Tmi Healthcare Private Limited |
| Ananth Rao Nanjunda DIN 11395535 | Director | 09 Jan 2026 | 10 mo | Tmi Healthcare Private Limited |
People of People Tree Hospitals
3 people are tracked at People Tree Hospitals (3 in leadership); the tracked headcount is 400.
| Name | Role | Group |
|---|---|---|
Upendra Kumar Kandluri | Co-Founder | Leadership |
| Co-Founder & Co-CEO | Leadership | |
| Co-CEO | Leadership |
Complete people profiles for People Tree Hospitals
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Financials of People Tree Hospitals
Figures of Tmi Healthcare Private Limited, the primary company behind People Tree Hospitals, for FY 2025. Revenue was ₹103 Cr (0% year on year). Net loss was -₹9.01 Cr (-9% margin). EBITDA was ₹15.99 Cr (16% margin). Revenue has grown at a compounded annual rate of +23% over three years and +9% over five years.
- ₹103 CrRevenue · FY 2025 · 0% YoY
- -₹9.01 CrNet loss · -9% margin
- ₹15.99 CrEBITDA · 16% margin
- ₹2.30 CrPaid-up capital
- 523Employees (provident fund records)
- +23%Revenue CAGR, 3 years
- +9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Tmi Healthcare Private Limited are on its company page.
Detailed financial statements for People Tree Hospitals
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of People Tree Hospitals
5 dated milestones of People Tree Hospitals across 12 years, from founding to its latest funding, stage changes and deals.
- Founded People Tree Hospitals is founded.
- Funding First funding round of $2.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional, of $25.5M.
- Exit Acquired by Fortis Healthcare.
Competitors of People Tree Hospitals
People Tree Hospitals has 3 listed competitors in our database, 2 of them funded. They include Fortis Healthcare, Ujala Cygnus and Narayana Health.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fortishealthcare.com | 1996 | Gurugram, India | 1,565 | Multi-specialty hospital services are provided across India by Fortis Healthcare. | ||
| ujalacygnus.com | 2011 | Delhi, India | $36.74M | 2,084 | A chain of multi-specialty hospitals is operated in India. | |
| narayanahealth.org | 2000 | Bengaluru, India | $148.2M | 8,145 | A chain of multi-specialty hospitals is operated in India. |
Detailed competitors of People Tree Hospitals
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of People Tree Hospitals
The website of People Tree Hospitals (peopletreehospitals.com) receives about 16.9K visits a month.
- Monthly visits16.9K
▲ 7.6% vs previous month
Websites whose visitors overlap most with People Tree Hospitals. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| sakraworldhospital.com | 100% | 217.5K | #262,670 | View details | |
| msrmh.com | 98% | 30.9K | #911,722 | View details | |
stjohns.in | stjohns.in | 97% | #403,558 | – | |
sparshhospital.com | sparshhospital.com | 90% | #528,617 | – | |
| rainbowhospitals.in | 87% | 162.5K | #240,366 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 19 similar websites and full traffic analytics for People Tree Hospitals
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 19 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Hospitals & Clinical Care
3 companies that operate in the same segment as People Tree 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 People Tree Hospitals
Complete news archive for People Tree Hospitals
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Frequently Asked Questions about People Tree Hospitals
People Tree Hospitals was founded in 2013 and raised its 1st funding round 1 year after it was founded.
People Tree Hospitals is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Jothi Neeraja is the CEO of People Tree Hospitals, as recorded in our data. They have also founded this company.
People Tree Hospitals is a funded company, having raised a total of $12.44M across 9 funding rounds to date. The company's 1st funding round was a Angel Round of $2.58M, raised on Mar 2014.
People Tree Hospitals has 400 employees.
Annual revenue of People Tree Hospitals is $12.49M as on Mar 31, 2024.
People Tree Hospitals was founded in 2013 in Bengaluru, India, as a chain of multispecialty facilities in the healthcare sector. Operations focus on delivering treatments across Neurosciences, Orthopaedics, Cardiac Sciences, Gastroenterology, Paediatrics and Neonatology, Oncology, Dermatology, Radiology and Imaging, Ophthalmology, ENT, Urology and Nephrology. Diagnostic, surgical, and emergency services are also provided to support comprehensive patient care.
People Tree Hospitals's top competitors include Fortis Healthcare, Ujala Cygnus and Narayana Health.
People Tree Hospitals offers Neurosciences Services, Orthopaedics Services, Cardiac Sciences Services, and Gastroenterology Services.
People Tree Hospitals has 93 investors. Key investors include Fortis Healthcare, BlackRock, Pratithi Investments, Jothi Neeraja, and Upendra Kumar Kandluri.
The valuation of People Tree Hospitals is $21.47M as of Mar 2023.
People Tree Hospitals is associated with 2 legal entities: Tmi Healthcare Private Limited, Tmi Healthcare Ecosystems Private Limited.