About Sunshine Global Hospitals
Sunshine Global Hospitals is a Healthcare company based in Vadodara (India) founded in 2009, and was acquired by Marengo Asia Healthcare in April 2026. A chain of multispeciality hospitals is operated in India. Sunshine Global Hospitals has raised $5.15 million across 3 funding rounds from investors including Marengo Asia Hospitals, Piramal Group and Sagacious Financial Sevices. The company has 266 employees. Its Indian entity Baroda Medicare Private Limited reported revenue of ₹157 Cr. 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
Sunshine Global Hospitals was established in 2009 in Vadodara, India, within the healthcare sector. Multispeciality medical services are provided through a network of facilities, covering various clinical areas such as general medicine, surgery, and specialized treatments. Operations are centered in India, with management led by Rajivkumar Shah as Managing Director. Comprehensive patient care is delivered across multiple locations in the region.
- Headquarters Vadodara, India
- Employees 266
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website sunshineglobalhospitals.com
- Social LinkedIn Facebook
- Acquired by Marengo Asia Healthcare (Apr 2026)
- Legal Name Baroda Medicare Private Limited
- Date of Incorporation 12 Sep, 2007
- Jurisdiction Vadodara, Gujarat, India
- Annual Revenue₹157 Cr
FY 2023 · -10% YoY
- Net Profit₹9.71 Cr
FY 2023 · 6% margin
- EBITDA₹16.50 Cr
FY 2023 · 11% margin
- Total Equity Funding$5.15M (USD)
in 3 rounds
- Latest Funding Round$4.62M (USD), Series A
Mar 2014
- InvestorsMarengo Asia Hospitals
& 2 more
- Employee Count266
- Acquired byMarengo Asia Healthcare
(Apr 2026)
Associated legal entities of Sunshine Global Hospitals
Sunshine Global Hospitals operates through Baroda Medicare Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Baroda Medicare Private Limited CIN U85110GJ2007PTC051728 | Active | 12 Sep 2007 | Vadodara, Gujarat | ₹157 Cr | 266 | 6 | View details |
Funding Insights of Sunshine Global Hospitals
Sunshine Global Hospitals has successfully raised a total of $5.15M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.62 million completed in March 2014. 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 $5.15M
- Total Rounds 3
- Last Round Series A — $4.62M
- Investors Count 2
All 3 funding rounds of Sunshine Global 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 |
|---|---|---|---|---|---|
| Mar 2014 | $4.62M | Series A | – | Piramal Group | – |
| Mar 2013 | $528,299 | Seed | – | Piramal Group | – |
| Apr 2012 | Seed | – | Sagacious Financial Sevices | – |
3 investors in total: 3 institutional.
Investors in Sunshine Global Hospitals
Sunshine Global Hospitals has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Marengo Asia Hospitals, Piramal Group and Sagacious Financial Sevices.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multinational conglomerate with diverse interests in Pharma, Financial Services and Real Estate | 1984 | piramal.com | Mumbai, India | |
Global investment bnak | 2002 | sagaciousfinancial.com | Mumbai, India | |
Marengo Asia Hospitals is recognized for providing multi-specialty healthcare services. | 2020 | marengoasiahospitals.com | Gurugram, India |
Investor details for Sunshine Global Hospitals
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Board of directors of Baroda Medicare Private Limited (Sunshine Global Hospitals)
Baroda Medicare Private Limited is the primary company behind Sunshine Global Hospitals. The board of Baroda Medicare Private Limited currently have 5 directors; the longest-serving is Bhikhubhai Patel, appointed in 2007. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhikhubhai Patel DIN 01741007 | Whole-time director | 12 Sep 2007 | 19 yrs 1 mo | Baroda Medicare Private Limited |
| Rajivkumar Shah DIN 01755831 | Managing Director | 12 Sep 2007 | 19 yrs 1 mo | Baroda Medicare Private Limited |
| Subrato Das DIN 03156583 | Director | 01 Mar 2012 | 14 yrs 7 mo | Baroda Medicare Private Limited |
| Meenakshi Patel DIN 03623552 | Director | 01 Mar 2012 | 14 yrs 7 mo | Baroda Medicare Private Limited |
| Bina Shah Rajiv DIN 03623558 | Director | 01 Mar 2012 | 14 yrs 7 mo | Baroda Medicare Private Limited |
People of Sunshine Global Hospitals
1 people are tracked at Sunshine Global Hospitals (1 in leadership); the tracked headcount is 266.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for Sunshine Global Hospitals
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Financials of Sunshine Global Hospitals
Figures of Baroda Medicare Private Limited, the primary company behind Sunshine Global Hospitals, for FY 2023. Revenue was ₹157 Cr (-10% year on year). Net profit was ₹9.71 Cr (6% margin). EBITDA was ₹16.50 Cr (11% margin). Revenue has grown at a compounded annual rate of +10% over three years and +8% over five years.
- ₹157 CrRevenue · FY 2023 · -10% YoY
- ₹9.71 CrNet profit · 6% margin
- ₹16.50 CrEBITDA · 11% margin
- ₹17.73 CrPaid-up capital
- 266Employees (provident fund records)
- +10%Revenue CAGR, 3 years
- +8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Baroda Medicare Private Limited are on its company page.
Detailed financial statements for Sunshine Global Hospitals
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Timeline of Sunshine Global Hospitals
4 dated milestones of Sunshine Global Hospitals across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Sunshine Global Hospitals is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $4.6M.
- Exit Acquired by Marengo Asia Healthcare.
Competitors of Sunshine Global Hospitals
Sunshine Global 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 Sunshine Global Hospitals
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- Full competitor set
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Web traffic of Sunshine Global Hospitals
The website of Sunshine Global Hospitals (sunshineglobalhospitals.com) receives about 7.5K visits a month.
- Monthly visits7.5K
▲ 186.6% vs previous month
Websites whose visitors overlap most with Sunshine Global Hospitals. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| cruzine.in | 100% | #4,625,503 | View details | ||
monarchmeditech.net | monarchmeditech.net | 98% | #9,016,732 | – | |
| maxtechhealth.com | 97% | 2.9K | #5,850,648 | View details | |
universalhospitalsurat.com | universalhospitalsurat.com | 89% | #6,874,683 | – | |
| kiranhospital.com | 83% | 16.7K | #1,559,287 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Sunshine Global Hospitals
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- 6 similar websites
- Audience overlap
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- Traffic by brand
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Top companies in Hospitals & Clinical Care
3 companies that operate in the same segment as Sunshine Global 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 | 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 Sunshine Global Hospitals
Complete news archive for Sunshine Global Hospitals
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Frequently Asked Questions about Sunshine Global Hospitals
Sunshine Global Hospitals was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Sunshine Global Hospitals is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.
Sunshine Global Hospitals is a funded company, having raised a total of $5.15M across 3 funding rounds to date.
Sunshine Global Hospitals has 266 employees.
The primary company behind Sunshine Global Hospitals, Baroda Medicare Private Limited, reported revenue of ₹157 Cr for FY 2023, down 10% year on year.
Sunshine Global Hospitals was established in 2009 in Vadodara, India, within the healthcare sector. Multispeciality medical services are provided through a network of facilities, covering various clinical areas such as general medicine, surgery, and specialized treatments. Operations are centered in India, with management led by Rajivkumar Shah as Managing Director. Comprehensive patient care is delivered across multiple locations in the region.
Sunshine Global Hospitals's top competitors include Fortis Healthcare, Ujala Cygnus and Narayana Health.
Sunshine Global Hospitals has 3 investors. Key investors include Marengo Asia Hospitals, Piramal Group, and Sagacious Financial Sevices.
Sunshine Global Hospitals operates through Baroda Medicare Private Limited.
Yes. Sunshine Global Hospitals was acquired by Marengo Asia Healthcare in April 2026.
The legal entities of Sunshine Global Hospitals currently have 6 directors, including Bhikhubhai Patel, Rajivkumar Shah, Subrato Das and others.