About SevenHills
SevenHills is a Healthcare company based in Visakhapatnam (India) founded in 1988 by Jitendra Das Maganti, and was acquired by MGM Healthcare in July 2024. Chain of multi specialty hospitals. SevenHills has raised $58.78 thousand across 1 funding round from investors including MGM Healthcare. The company has 6 employees. Its chief executive, as recorded, is MK Bose. SevenHills offers products and services including Emergency Medicine, Cardiology Services, and General Surgery. Its focus areas include Hospital Chains and Multispecialty Hospital Chains. Its legal entity in India is Sevenhills Medical Foundation (U73100MH2010NPL204993). Its competitors include Fortis Healthcare, Ujala Cygnus and Narayana Health; 2 of its 3 listed competitors have raised funding.
Company details
SevenHills was established in 1988 in Visakhapatnam, India, as a chain of multi-specialty hospitals within the healthcare sector. Operations are centered on delivering essential medical services, including emergency care, surgical interventions, diagnostic examinations, and routine health checkups. Coverage extends to various specialties to support patient needs across the region.
- Headquarters Visakhapatnam, India
- Employees 6
- Founders Jitendra Das Maganti
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website sevenhillshospital.com
- Social LinkedIn X Facebook
- Acquired by MGM Healthcare (Jul 2024)
- Legal Name Sevenhills Medical Foundation
- Date of Incorporation 28 Jun, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Net Loss-₹1.1 Lakh
FY 2019 · 0% margin
- EBITDA-₹1.1 Lakh
FY 2019 · 0% margin
- Total Equity Funding$58.78K (USD)
in 1 rounds
- Latest Funding Round$58.78K (USD), Angel Round
May 2017
- Investors
- Employee Count6
- Acquired byMGM Healthcare
(Jul 2024)
Associated legal entities of SevenHills
SevenHills is associated with 3 registered companies on The Company Check; the primary company is Sevenhills Medical Foundation. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sevenhills Medical Foundation CIN U73100MH2010NPL204993 | Active | 28 Jun 2010 | Mumbai, Maharashtra | 2 | View details | ||
| Seven Hills Hospitals Private Ltd CIN U85110AP1984PTC004938 | Amalgamated | 28 Aug 1984 | Visakhapatnam, Andhra Pradesh | 9 | View details | ||
| Sevenhills E-Health Private Limited CIN U72200AP2011PTC076414 | Active | 09 Sep 2011 | Visakhapatnam, Andhra Pradesh | ₹1.0 Cr | 6 | 2 | View details |
Products & Services of SevenHills
SevenHills offers a comprehensive portfolio of products and services, including Emergency Medicine, Cardiology Services, and General Surgery.
Provides immediate treatment for medical emergencies
Offers specialized diagnosis and treatment for heart conditions
Performs laparoscopic and other surgical procedures
Funding Insights of SevenHills
SevenHills has successfully raised a total of $58.78K through 1 strategic funding round. The most recent funding activity was a Angel Round of $58.78 thousand completed in May 2017. 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 $58,778
- Total Rounds 1
- Last Round Angel Round — $58,778
- First Round $58,778
(May 2017)
All 1 funding rounds of SevenHills 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 |
|---|---|---|---|---|---|
| May 2017 | $58,778 | Angel Round | – | – | – |
1 investors in total: 1 institutional.
Investors in SevenHills
SevenHills has secured backing from 1 investor. Prominent investors backing the company include MGM Healthcare.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Standalone multi speciality hospital | 2017 | mgmhealthcare.in | Chennai, India |
Investor details for SevenHills
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Board of directors of Sevenhills Medical Foundation (SevenHills)
Sevenhills Medical Foundation is the primary company behind SevenHills. The boards of the 3 registered companies of SevenHills currently have 11 directors; the longest-serving is Jitendra Das Maganti, appointed in 1984. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jitendra Das Maganti DIN 00085118 | Managing Director | 28 Aug 1984 | 42 yrs 2 mo | Seven Hills Hospitals Private Ltd |
| Vankineni Kuchela Babu DIN 00085187 | Director | 01 Nov 1999 | 26 yrs 11 mo | Seven Hills Hospitals Private Ltd |
| Nandamuri Prabhakara Babu DIN 00085243 | Whole-time director | 01 Nov 1999 | 26 yrs 11 mo | Seven Hills Hospitals Private Ltd, Sevenhills Medical Foundation |
| K Nooka Raju DIN 00085978 | Director | 15 May 2002 | 24 yrs 5 mo | Seven Hills Hospitals Private Ltd |
| Renukarani Maganti DIN 00085209 | Whole-time director | 01 Apr 2006 | 20 yrs 6 mo | Seven Hills Hospitals Private Ltd, Sevenhills Medical Foundation |
| Mallikarjunudu Jasti DIN 00361594 | Director | 03 Oct 2006 | 20 yrs | Seven Hills Hospitals Private Ltd |
| Haranatha Reddy Ganta DIN 00336897 | Director | 03 Oct 2006 | 20 yrs | Seven Hills Hospitals Private Ltd |
| Rama Krishna Koneru DIN 01008634 | Director | 01 Dec 2006 | 19 yrs 10 mo | Seven Hills Hospitals Private Ltd |
| Boppana Nageswara Rao DIN 01008678 | Director | 01 Dec 2006 | 19 yrs 10 mo | Seven Hills Hospitals Private Ltd |
| Krishnam Raju Akhumukhi DIN 06427628 | Director | 27 Oct 2012 | 14 yrs | Sevenhills E-Health Private Limited |
| Prabhakara Rao Divi DIN 06427984 | Director | 27 Oct 2012 | 14 yrs | Sevenhills E-Health Private Limited |
People of SevenHills
2 people are tracked at SevenHills (2 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
MK Bose | CEO | Leadership |
Complete people profiles for SevenHills
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Financials of SevenHills
Figures of Sevenhills Medical Foundation, the primary company behind SevenHills, for FY 2019. Net loss was -₹1.1 Lakh (0% margin). EBITDA was -₹1.1 Lakh (0% margin). Revenue has grown at a compounded annual rate of -100% over three years and -100% over five years.
- -₹1.1 LakhNet loss · 0% margin
- -₹1.1 LakhEBITDA · 0% margin
- ₹55,005Paid-up capital
- -100%Revenue CAGR, 3 years
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sevenhills Medical Foundation are on its company page.
Detailed financial statements for SevenHills
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Timeline of SevenHills
3 dated milestones of SevenHills across 36 years, from founding to its latest funding, stage changes and deals.
- Founded SevenHills is founded.
- Funding First funding round of $59K.
- Exit Acquired by MGM Healthcare.
Competitors of SevenHills
SevenHills 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 SevenHills
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Web traffic of SevenHills
The website of SevenHills (sevenhillshospital.com) receives about 5.1K visits a month.
- Monthly visits5.1K
▲ 62.8% vs previous month
Websites whose visitors overlap most with SevenHills. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
lilavatihospital.com | lilavatihospital.com | 100% | #521,454 | – | |
hindujahospital.com | hindujahospital.com | 93% | #195,722 | – | |
| hiranandanihospital.org | 84% | 34.7K | #866,228 | View details | |
| asianheartinstitute.org | 82% | 80.7K | #531,592 | View details | |
| bombayhospital.com | 78% | 34.3K | #690,031 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for SevenHills
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Top companies in Hospitals & Clinical Care
3 companies that operate in the same segment as SevenHills (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 | 8,400 | |
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 Sevenhills
Complete news archive for SevenHills
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Frequently Asked Questions about SevenHills
SevenHills was founded in 1988 and raised its 1st funding round 29 years after it was founded.
SevenHills is headquartered in Visakhapatnam, India. It is registered at Visakhapatnam, Andhra Pradesh, India.
MK Bose is the CEO of SevenHills, as recorded in our data.
SevenHills is a funded company, having raised a total of $58.78K across 1 funding round to date. The company's 1st funding round was a Angel Round of $58.78K, raised on May 2017.
SevenHills has 6 employees.
Annual revenue of SevenHills is $165.82K as on Mar 31, 2022.
SevenHills was established in 1988 in Visakhapatnam, India, as a chain of multi-specialty hospitals within the healthcare sector. Operations are centered on delivering essential medical services, including emergency care, surgical interventions, diagnostic examinations, and routine health checkups. Coverage extends to various specialties to support patient needs across the region.
SevenHills's top competitors include Fortis Healthcare, Ujala Cygnus and Narayana Health.
SevenHills offers Emergency Medicine, Cardiology Services, and General Surgery.
SevenHills has 1 investor. Key investors include MGM Healthcare.
SevenHills is associated with 3 legal entities: Sevenhills Medical Foundation, Sevenhills E-Health Private Limited, Seven Hills Hospitals Private Ltd.
Yes. SevenHills was acquired by MGM Healthcare in July 2024.