Shalby Ltd is a prominent player in the healthcare delivery space in India, operating a chain of multi-specialty hospitals nationwide. The company specializes in offering tertiary and quaternary healthcare services across various areas of specialization, including orthopaedics, complex joint replacements, cardiology, neurology, oncology, and renal transplantations.
The institution was founded in Ahmedabad in 1994 by Dr. Vikram Shah, initially as a small six-bedded single-specialty unit focused on total knee replacement (TKR) surgery. What began as a modest orthopedic center has since grown into a robust chain of 16 hospitals, strategically located in 13 Indian cities across 8 states, demonstrating significant expansion and leadership in the healthcare sector.
Shalby Limited manages an extensive network comprising 11 multispecialty tertiary hospitals and 5 orthopedic centers, spread across 13 cities in India. This network boasts a combined capacity of over 2,350 hospital beds and provides services across more than 30 specialties. In addition to its hospital network, the company operates 60 outpatient clinics domestically and 23 internationally, extending its reach and accessibility.
The company's presence spans major cities such as Ahmedabad, Rajkot, Surat, Vapi, Indore, Gwalior, Jabalpur, Jaipur, Lucknow, Ranchi, and Mohali. Shalby has firmly established itself as a significant entity in the healthcare landscape, particularly renowned for its expertise in joint replacement surgery, where it has achieved global recognition.
Under the visionary leadership of Dr. Vikram Shah, the company has attained global leadership in knee replacement surgery and is recognized as one of the top Indian hospitals in this specialized field. Dr. Shah's surgical expertise is evident from the joint replacement team's achievement of performing more than 20,000 TKR procedures between 1994 and 2009.
Shalby Limited has garnered numerous accolades for its healthcare services and its innovative contributions to the medical field. Dr. Vikram Shah, the Chairman and Managing Director, has been honored by Ethicon India for his development of the 'OS Needle', a testament to his commitment to making quality healthcare accessible to every citizen of India, a journey that began with his initial 6-bedded hospital.
As per the latest available data, Shalby Limited reports a market capitalization of ₹1,986 Crore, with an annual revenue of ₹1,087 Crore and a profit of ₹1.92 Crore. Promoter Holding in the company stands strong at 74.3%. The company has demonstrated consistent growth over the years, with its consolidated revenue and EBITDA experiencing robust growth of 18% and 37% respectively in Q2 FY24. This period also marked the achievement of its highest-ever consolidated EBITDA margin at 24%.
* Market Capitalization: ₹1,986 Crore (as of latest data)
* Revenue: ₹1,087 Crore
* Profit: ₹1.92 Crore
* EBITDA Growth (Q2 FY24): 37%
* EBITDA Margin (Q2 FY24): 24% (highest ever)
* Promoter Holding: 74.3%
Healthcare Services constitute the predominant portion of Shalby's business, accounting for 90% in H1 FY25, compared to 96% in FY22. The company's core focus remains on delivering comprehensive healthcare services across a multitude of specialties, positioning it as a preferred choice for patients seeking high-quality medical care throughout India.
Shalby Ltd was initially incorporated as a Private Limited Company under the name 'Shalby Hospital Private Limited' on August 30, 2004. Subsequently, it transitioned into a Public Limited Company, and its name was officially changed to 'Shalby Hospital Public Limited' on May 15, 2006.
The company has strategically pursued acquisitions to bolster its network and market presence. A notable acquisition occurred in 2012 when Shalby acquired Krishna Hospital for an estimated ₹75 crore, a move that established it as the largest private corporate hospital in Ahmedabad. This proactive acquisition strategy has played a crucial role in the company's growth and expansion into new markets.
Shalby has established an outpatient department (OPD) presence in several international locations, including Kenya, Tanzania, and Uganda. Furthermore, its hospitals have strategic tie-ups with RAK Hospital in Ras-al Khaimah and Saudi German Hospital in Dubai, facilitating the extension of expert healthcare services to the residents of the United Arab Emirates. Shalby Hospitals is recognized as one of the pioneers in developing medical tourism in India, attracting international patients seeking specialized care.
The company is committed to upholding stringent standards of healthcare delivery and has received various prestigious accreditations. Krishna Shalby Hospital, located in Ghuma, Ahmedabad, was honored with AACI International Accreditation Standards For Healthcare Organizations V6.0 on June 20. This significant recognition underscores Shalby's unwavering commitment to maintaining international benchmarks in healthcare quality and patient safety.
Driven by its mission of 'leveraging global leadership in Joint Replacement to establish multispecialty care across geographies', Shalby is dedicated to providing comprehensive wellness across all specialties. The company continues its strategic expansion across India, while consistently prioritizing quality healthcare delivery and ensuring high patient satisfaction.
With its strong foundational expertise in joint replacement surgery and its expanding capabilities in multispecialty care, Shalby Limited is exceptionally well-positioned to capitalize on the burgeoning Indian healthcare market. The company's track record of consistent financial performance, strategic expansion initiatives, and steadfast commitment to quality healthcare services firmly establishes it as a significant and growing player in the Indian healthcare sector.
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