Narayana Hrudayalaya Ltd. Company History and Annual Growth Details

The Company was incorporated as Narayana Hridayalaya Private Limited on July 19, 2000 at Bengaluru, Karnataka as a private limited company under the Companies Act, 1956. Pursuant to a special resolution passed by the Shareholders dated January 02, 2008, the Company was renamed as Narayana Hrudayalaya Private Limited on January 11, 2008, and a fresh certificate of incorporation was issued by the RoC. The change in the name of the Company from Narayana Hridayalaya Private Limited to Narayana Hrudayalaya Private Limited was undertaken to rectify the error in the spelling of the word 'Hrudayalaya'. the Company was then converted into a public limited company and accordingly the name of the Company was changed to Narayana Hrudayalaya Limited pursuant to a special resolution passed by the Shareholders at the AGM held on August 08, 2015. A fresh certificate of incorporation consequent upon conversion to public limited company was issued on August 29, 2015. The KIADB approved the conversion of the Company from a private company to a public company by its letter dated August 21, 2015.

Major events and milestones of the Company :

2000

-Commenced operations from NICS in Bengaluru

2008

-The Company entered into an investment agreement with the investor Selling Shareholders for the purpose of subscription by the investor Selling Shareholders to 75,414 Equity Shares of 10 each of the Company (in the aggregate) for a purchase price of 53,040.55 (approximately) per share, including share premium of 53,030.55 (approximately) per share

2014

-Acquired AHDL

-Acquired the Jubilant Kalpataru Hospital, Barasat, West Bengal

-the Company entered into a securities subscription agreement with CDC Group and CDC IOL for subscription to the Equity Shares and OCDs aggregating to 3,000,061,460.20

2015

-Obtained JCI accreditation for HCCI's multispecialty hospital in Cayman Islands

Awards and Accreditations :

2010

-India Healthcare award by CNBC & ICICI Lombard under the category Â Specialty hospital Â Cardiology

2011

-NICS received accreditation from the JCI

-Outstanding contribution to the society through CSR programs award conferred by CSR Thought Leadership Conclave organised by Wockhardt Foundation

2012

-Narayana Multispeciality Hospital, Jaipur received accreditation from the JCI

-Ranked 36th in the World's 50 Most Innovative Companies by Fast Company

-Healthcare Excellence award for Addressing Industry Issues conferred by the Federation of Indian Chambers of Commerce and Industry

-India Healthcare Excellence award conferred by Frost and Sullivan

2013

-India Healthcare Excellence award conferred by Frost and Sullivan

-Financial Times Arcelor Mittal Boldness in Business awards under the category - CSR/Environment

-Porter Prize for Industry Architectural Shift

-Inc. India Innovation 100 award

-Philanthropy award by Forbes India Â Good Company award

-"Narayana Hrudayalaya Â Malla Reddy Hospital" received accreditation from the NABH

2014

-RTIICS received accreditation from the NABH

-MSMC received accreditation from the NABH

2013-2014

-State Export Excellence award under the category Â Overall Service Sector

2014

-Gold award conferred by Asian Hospital Management under the category 'Customer Service
-ABP news Brand Excellence award under the category' Healthcare and Hospitals
-Super Specialty Hospital of the year award conferred by Hero CyclesÂ India Health and Wellness awards 2014
-Mentioned in the Boston Consulting Group Local Dynamo List for Operational Excellence

2015

-Healthcare Leadership award under the categories - Social Cause, Healthcare and Social Care Support and CEO of the year
-HCCI obtained accreditation from the JCI for its facility in Grand Cayman, the Cayman Islands
-Public Health Champion award under the category - Innovation conferred by the WHO, India

2016
-Healthcare India Health & Wellness Awards for Health Brand of the Year.
-CSR Award to NH Jaipur at the 2nd annual Elets Healthcare Summit Rajasthan.
-6th ICICI Lombard & CNBC TV 18 India Healthcare awards, NICS awarded Best Single Specialty Hospital- Cardiology.
-Price/Performance Value Leadership Award by Frost & Sullivan India.
-Best Risk Management Framework & Systems Healthcare by the 3rd edition of the ICICI Lombard CNBC TV18 India Risk Management Award.

2017

Narayana Hrudayalaya Ltd. has informed that pertaining to order passed by Regional Director-Hyderabad approving the Scheme of Amalgamation under Section 233 of the Companies Act, 2013.

2018

-Narayana Hrudayalaya Hospitals Malaysia Sdn Bhd , was registered as a wholly owned subsidiary of Narayana Hrudayalaya Limited ('NHL') on 27 September 2011 to set up and operate cardiac facilities in Malaysia. However, NHL had decided to terminate the project at its initial stages in FY 2014-15 due to various changes in the regulatory framework of Malaysia which made the project unviable.

In view of the above NHL had decided to wind-up the said subsidiary in Malaysia. The subsidiary had commenced the process of Members' Voluntary Winding-up in 2017 as per the extant provisions of the Malaysian company law. The liquidation of the subsidiary has been completed and as per the search report from Companies Commission of Malaysia dated 24th April 2018, the status of the subsidiary is confirmed as dissolved.

In this regard, as per Circular Number CIR/CFD/CMD/4/2015 dated September 09, 2015 pertaining to continuous disclosure requirements for Listed Entities under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,

2019

-Narayana Hrudayalaya Ltd. has informed that regarding ''Discontinuation of Hospital Project in Kenya ''.

-Narayana Hrudayalaya Ltd. acquired a Wholly-owned subsidiary, ''Narayana Health North America LLC'' in the United States of America

2021

-Narayana Hrudayalaya Ltd. has informed that regarding ''Merger of Narayana Cayman Holdings Limited, a wholly owned subsidiary of Narayana Hrudayalaya Limited with Health City . Cayman Islands Limited, step down subsidiary of the Company''.

2022
-Excellence in Cardiology, Iconic Multispeciality Hospital of Rajasthan and Excellence in Cardiac Surgery.
-Best Multispeciality Hospital in Rajasthan at Rajasthan Healthcare Summit and Doctors's Award.
-Excellence in Neuro Sciences at All India Critical Care Hospital Ranking Survey 2022.

2023
Narayana Hrudayalaya completes acquisition of ENT in Cayma.

2024
-Narayana Health Hospital has successfully performed ChhattisgarhÂs first total awake craniotomy using advanced neuro-monitoring technology to remove a brain tumor.

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