About Ujala Cygnus
Ujala Cygnus is a Healthcare company based in Delhi (India) founded in 2011 by Prateek Ghosal, and was acquired by General Atlantic in April 2024. It operates as an a chain of multi-specialty hospitals is operated in India. Ujala Cygnus has raised $36.74 million across 8 funding rounds from investors including Asian Development Bank, General Atlantic and Somerset Indus Capital Partners. The company has 2,084 employees. Ujala Cygnus has completed 1 acquisition, including Amandeep Hospital. Ujala Cygnus was last valued at $58.36 million in November 2021. Its website ujalacygnus.com draws about 57 thousand monthly visits. Its focus areas include Hospital Chains and Multispecialty Hospital Chains. Its competitors include Fortis Healthcare, Narayana Health, Apollo Hospitals, Kauvery Hospital and KIMS Hospitals and 1 more; 3 of its 6 listed competitors have raised funding.
Company details
Ujala Cygnus was established in 2011 in Delhi, India, within the healthcare sector. A network of multi-specialty hospitals is maintained, where various medical services are delivered. These encompass oncology, cardiology, neurosciences, orthopedics, urology, gastroenterology, ENT, minimal access surgery, pediatrics, diagnostic imaging, physiotherapy, plastic surgery, and emergency care. Operations focus on comprehensive patient treatment across multiple locations.
- Headquarters Delhi, India
- Employees 2,084
- Founders Prateek Ghosal
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website ujalacygnus.com
- Social LinkedIn X Facebook Instagram
- Acquired by General Atlantic (Apr 2024)
- Annual Revenue$70.7 M (USD)33as on Mar 31, 2024
- Net Profit$653 K (USD)-14as on Mar 31, 2024
- EBITDA$11.34 M (USD)22as on Mar 31, 2024
- Total Equity Funding$36.74M (USD)
in 8 rounds
- Latest Funding Round$18.1M (USD), Debt – Conventional
Jan 2024
- InvestorsAsian Development Bank
& 29 more
- Employee Count2,084
- Investments & Acquisitions
- Acquired byGeneral Atlantic
(Apr 2024)
Associated legal entities of Ujala Cygnus
Ujala Cygnus is associated with 5 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 |
|---|---|---|---|---|---|---|---|
| Cygnus Medicare Private Limited CIN U85190DL2011PTC391657 | Active | 16 Sep 2011 | New Delhi, Delhi | ₹529 Cr | 1,391 | 10 | View details |
| Ujala Healthcare Services Limited CIN U85100DL2017PLC317134 | Active | 03 May 2017 | New Delhi, Delhi | ₹54.5 Cr | 234 | 6 | View details |
| Cygnus Corsants Medicare Private Limited CIN U85100DL2015PTC284504 | Active | 24 Aug 2015 | New Delhi, Delhi | ₹0.9 Cr | – | 2 | View details |
| Sks Super Speciality Hospital Private Limited CIN U85100DL2015PTC280849 | Active | 27 May 2015 | New Delhi, Delhi | ₹13.1 Cr | 9 | 2 | View details |
| Cygnus Magnus Healthcare Private Limited CIN U85100DL2014PTC271194 | Active | 03 Sep 2014 | New Delhi, Delhi | ₹49.0 Cr | 98 | 4 | View details |
Funding Insights of Ujala Cygnus
Ujala Cygnus has successfully raised a total of $36.74M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $18.1 million completed in January 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 $36.74M
- Total Rounds 8
- Last Round Debt – Conventional — $18.1M
- First Round $3.58M
(Feb 2013)
- Investors Count 29
All 8 funding rounds of Ujala Cygnus 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 |
|---|---|---|---|---|---|
| Jan 2024 | $18.1M | Debt – Conventional | – | – | |
| Nov 2021 | $6.12M | Series A | $58.36M | London Medical Practice, ACP India Co Invest | |
| Dec 2018 | $810,261 | Series A | $41.92M | Raghavendra Prasad TS, Eight Roads Ventures | |
| Dec 2016 | $4.99M | Series A | $••••• | Evolvence India | |
| Jan 2016 | $3.02M | Series A | $••••• | Eight Roads Ventures | – |
| Oct 2014 | $10M | Series A | $••••• | Somerset Indus Capital Partners, Eight Roads Ventures | – |
| Sep 2014 | $8.22M | Series A | $••••• | Eight Roads Ventures | |
| Feb 2013 | $3.58M | Series A | $••••• | Somerset Indus Capital Partners |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2021 | $58.36M | •••••••• |
| Dec 2018 | $41.92M | •••••••• |
| Dec 2016 | $••••• | •••••••• |
| Jan 2016 | $••••• | •••••••• |
| Oct 2014 | $••••• | •••••••• |
| Sep 2014 | $••••• | •••••••• |
| Feb 2013 | $••••• | •••••••• |
Full valuation and stage history of Ujala Cygnus
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $58.36M (Nov 2021). 30 investors in total: 9 institutional and 21 angel.
Investors in Ujala Cygnus
Ujala Cygnus has secured backing from 30 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Asian Development Bank, General Atlantic and Somerset Indus Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment platform for private markets in India focusing on venture capital and private equity. | 2006 | evolvenceindia.com | Mumbai, India | |
Venture capital investment and global platform support for startups. | 2008 | eightroads.com | London, United Kingdom | |
Healthcare investments focused on accessibility, affordability, and ESG integration in India. | 2011 | somersetinduscap.com | Mumbai, India | |
Private equity fund focused on global markets | 1980 | generalatlantic.com | New York, United States | |
Advisory services and financial resources are mobilized for development projects. | 1966 | adb.org | Mandaluyong, Philippines | |
- | – | londonmedicalpractice.tcc.mode | - | |
- | – | acpindiaco-invest.tcc.mode | - | |
- | – | gwyneddinvestments.tcc.mode | - | |
FJ Firoze Jehangir Irani | - | – | unknown_cc3e5cd08da54bf2b | - |
KJ Karthic Jayaraman | Angel investor and tech entrepreneur, co-founder of WayCool Foods, focused on agritech. | – | unknown_0820accf9a73496fa | - |
Investor details for Ujala Cygnus
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Board of directors of Ujala Cygnus
The boards of the 5 registered companies of Ujala Cygnus currently have 15 directors; the longest-serving is Manish Rajender Sharma, appointed in 2014. 64 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manish Rajender Sharma DIN 06425977 | Director | 03 Sep 2014 | 12 yrs 1 mo | Cygnus Magnus Healthcare Private Limited |
| Nitin Sharma DIN 06425975 | Director | 01 Sep 2015 | 11 yrs 1 mo | Cygnus Magnus Healthcare Private Limited |
| Satish Kumar Saluja DIN 01192513 | Whole-time director | 01 Jun 2021 | 5 yrs 4 mo | Sks Super Speciality Hospital Private Limited |
| Shuchin Bajaj DIN 02018688 | Whole-time director | 01 Jul 2021 | 5 yrs 3 mo | Ujala Healthcare Services Limited, Cygnus Magnus Healthcare Private Limited, Cygnus Corsants Medicare Private Limited, Cygnus Medicare Private Limited |
| Karan Arora DIN 08716056 | Director | 29 Sep 2022 | 4 yrs | Ujala Healthcare Services Limited |
| Shubha Singh DIN 06926872 | Director | 29 Sep 2022 | 4 yrs | Ujala Healthcare Services Limited |
| Tanmay Maheshwari DIN 02258517 | Nominee Director | 21 Apr 2023 | 3 yrs 6 mo | Cygnus Medicare Private Limited |
| Prateek Ghosal DIN 09720503 | Director | 06 Nov 2023 | 2 yrs 11 mo | Ujala Healthcare Services Limited |
| Varun Talukdar DIN 08312687 | Nominee Director | 02 Apr 2024 | 2 yrs 6 mo | Cygnus Medicare Private Limited |
| Ruchi Seth DIN 09468629 | Nominee Director | 02 Apr 2024 | 2 yrs 6 mo | Cygnus Medicare Private Limited |
| Shantanu Rastogi DIN 06732021 | Nominee Director | 02 Apr 2024 | 2 yrs 6 mo | Cygnus Medicare Private Limited |
| Alok Chandra Misra DIN 01542028 | Director | 09 Oct 2024 | 2 yrs | Cygnus Medicare Private Limited |
| Mukund Mundhra DIN 11139758 | Nominee Director | 24 Jun 2025 | 1 yr 3 mo | Ujala Healthcare Services Limited, Cygnus Magnus Healthcare Private Limited, Cygnus Corsants Medicare Private Limited |
| Nitin Sidlagatta Nag DIN 05246263 | Managing Director | 11 Jul 2025 | 1 yr 3 mo | Cygnus Medicare Private Limited |
| Sushma Saluja DIN 01000193 | Additional Director | 08 Apr 2026 | 6 mo | Sks Super Speciality Hospital Private Limited |
People of Ujala Cygnus
23 people are tracked at Ujala Cygnus (12 in leadership, 11 in team); the tracked headcount is 2,084.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Chief Strategy Officer | Leadership | |
Sameer Sharma | Vice President Finance & Accounts | Leadership |
Shashank Chauhan | Director Of Medical Services | Leadership |
Dr Shashank Sharma | Head - Service & Operational Excellence | Leadership |
| Director* | Leadership | |
Probal Ghosal | Chairman & Director, Ujala Cygnus Group Of Hospitals | Leadership |
Vipin Kumar Mehta | Head HR & Legal | Leadership |
| Director* | Leadership | |
| Director* | Leadership | |
Dr Harmeet Singh Kapoor . | Managing Director | Leadership |
Jasjit Singh | Vice President | Leadership |
| Director* | Leadership | |
Dr Ajit Srivastava | Diabetologist, Geriatrcian And Consultant Physician | Team |
Shalabh Arora | Consultant Medical Oncologist | Team |
Adv. Vishal Singh | Legal And Compliance | Team |
Karan Rajput | Human Resources Executive | Team |
Amit Verma | Supply Chain Management | Team |
Gaurav Vijay | Corporate Financial Controller | Team |
Sanjeev Kumar | Purchase Executive | Team |
Dr. Deepak Sharma | Consultant Pulmonologist | Team |
3 more people are available in the full profile.
Complete people profiles for Ujala Cygnus
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Financials of Ujala Cygnus
Figures of Ujala Healthcare Services Limited, the primary company behind Ujala Cygnus, for FY 2025. Revenue was ₹54.49 Cr (+9% year on year). Net loss was -₹6.06 Cr (-11% margin). EBITDA was ₹2.04 Cr (4% margin). Revenue has grown at a compounded annual rate of +12% over three years and +17% over five years.
- ₹54.49 CrRevenue · FY 2025 · +9% YoY
- -₹6.06 CrNet loss · -11% margin
- ₹2.04 CrEBITDA · 4% margin
- ₹10.00 CrPaid-up capital
- 234Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ujala Healthcare Services Limited are on its company page.
Detailed financial statements for Ujala Cygnus
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Investments & Acquisitions by Ujala Cygnus
Ujala Cygnus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Amandeep Hospital.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Multispecialty healthcare services are delivered through a network of facilities. | amandeephospital.org | Amritsar, India | 1990 | Apr 2025 | •••• |
Complete acquisition details for Ujala Cygnus
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Timeline of Ujala Cygnus
7 dated milestones of Ujala Cygnus across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Ujala Cygnus is founded.
- Funding First funding round of $3.6M.
- Milestone Reaches Minicorn status.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Debt – Conventional, of $18.1M.
- Exit Acquired by General Atlantic.
- Acquisition Acquires Amandeep Hospital.
Competitors of Ujala Cygnus
Ujala Cygnus has 6 listed competitors in our database, 3 of them funded. They include Fortis Healthcare, Narayana Health, Apollo Hospitals, Kauvery Hospital and KIMS Hospitals, among others.
| 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. | |
| narayanahealth.org | 2000 | Bengaluru, India | $148.2M | 8,145 | A chain of multi-specialty hospitals is operated in India. | |
| apollohospitals.com | 1983 | Chennai, India | – | 21,350 | Chain of multispecialty hospitals | |
| kauveryhospital.com | 1999 | Chennai, India | – | 8,040 | Chain of multi-speciality hospitals | |
| kimshospitals.com | 1999 | Secunderabad, India | $62.46M | 4,911 | Multispeciality secondary and tertiary care is provided by hospital chains. | |
| sahyadrihospital.com | 1994 | Pune, India | $48.38M | 2,160 | Multi-speciality hospitals are operated with diverse medical services in India. |
Detailed competitors of Ujala Cygnus
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Web traffic of Ujala Cygnus
The website of Ujala Cygnus (ujalacygnus.com) receives about 57.4K visits a month.
- Monthly visits57.4K
▲ 32.3% vs previous month
Websites whose visitors overlap most with Ujala Cygnus. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| heritagehospitals.com | 100% | – | #470,125 | View details | |
| apollospectra.com | 94% | 171.3K | #274,109 | View details | |
| bajajfinservhealth.in | 92% | 339.6K | #115,741 | View details | |
| psrihospital.com | 90% | 66.5K | #463,598 | View details | |
| goaid.in | 88% | 31.2K | #977,948 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 32 similar websites and full traffic analytics for Ujala Cygnus
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Top companies in Hospitals & Clinical Care
10 companies that operate in the same segment as Ujala Cygnus (Hospitals & Clinical Care), 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 | |
Multispeciality secondary and tertiary care is provided by hospital chains. | 1999 | Secunderabad, Telangana, India | USD 62.46 M | USD 416.2 M | 6,490 | |
Multispecialty hospitals are operated as a chain in India. | 2001 | Delhi, Delhi, India | – | USD 889.96 M | 26,830 | |
Multi-specialty hospitals and surgery centers are operated nationwide. | 1968 | Nashville, Tennessee, United States | USD 97.27 M | USD 75.6 B | 316,000 | |
Standalone veterinary clinics are operated for pet care services. | 2017 | New York, New York, United States | USD 98.5 M | – | – | |
Healthcare services, research, education, and community support are provided. | 1942 | United States | – | – | – | |
Provider of tech-heavy clinics for multiple healthcare solutions for patients | 2017 | Brooklyn, New York, United States | USD 1.02 B | – | 785 | |
Multispecialty hospitals are operated as a chain in India. | 1991 | Bengaluru, Karnataka, India | USD 645.32 M | USD 1.1 B | – |
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Related news about Ujala Cygnus
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Frequently Asked Questions about Ujala Cygnus
Ujala Cygnus was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Ujala Cygnus is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Ujala Cygnus is a funded company, having raised a total of $36.74M across 8 funding rounds to date. The company's 1st funding round was a Series A of $3.58M, raised on Feb 2013.
Ujala Cygnus has 2,084 employees.
Annual revenue of Ujala Cygnus is $70.7M as on Mar 31, 2024.
Ujala Cygnus was established in 2011 in Delhi, India, within the healthcare sector. A network of multi-specialty hospitals is maintained, where various medical services are delivered. These encompass oncology, cardiology, neurosciences, orthopedics, urology, gastroenterology, ENT, minimal access surgery, pediatrics, diagnostic imaging, physiotherapy, plastic surgery, and emergency care. Operations focus on comprehensive patient treatment across multiple locations.
Ujala Cygnus's top competitors include KIMS Hospitals, Fortis Healthcare and Kauvery Hospital.
Ujala Cygnus has made 1 acquisition, including Amandeep Hospital.
Ujala Cygnus has 30 investors. Key investors include Asian Development Bank, General Atlantic, Somerset Indus Capital Partners, Eight Roads Ventures, and Evolvence India.
The valuation of Ujala Cygnus is $58.36M as of Nov 2021.
Ujala Cygnus is associated with 5 legal entities: Ujala Healthcare Services Limited, Cygnus Magnus Healthcare Private Limited, Cygnus Corsants Medicare Private Limited and others.
Yes. Ujala Cygnus was acquired by General Atlantic in April 2024.