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Apollo Hospitals named outstanding company of the year

Apollo Hospitals, a trailblazer in India’s healthcare sector, has been named the ‘Outstanding Company of the Year’ at the 19th edition of CNBC-TV18’s India Business Leader Awards (IBLA), held in Mumbai on December 2.

In a journey spanning 40 years, Apollo Hospitals has become synonymous with healthcare in India. As India’s first corporate healthcare provider, Apollo laid the foundation for India’s private healthcare sector, and has been instrumental in building it onto one that addresses over 70% of the country’s medical needs.

Apollo Hospitals has repeatedly pushed into new frontiers — from pioneering life-saving treatments and using cutting-edge technology to bringing MRI and CT scans to India to launching Apollo Proton Cancer Center, the first proton therapy centre in South Asia and the Middle East.

Considered Asia’s foremost healthcare provider, Apollo Hospitals has grown into an integrated healthcare ecosystem over the past 40 years. It boasts 70 hospitals, 5,541 pharmacies, 530 clinics and 1,750 diagnostic centres across the country.

It has a 5-year compound average growth rate (CAGR) of 15% in revenue and nearly 50% in profits, even as it continues to focus on providing patients from over 150 countries with accessible, tech-first healthcare solutions.

Apollo has conducted over 2,400 robotic surgeries in financial year 2023, 1,300+ kidney transplants, and 250+ liver transplants. Adopted telemedicine early to bridge the urban-rural divide; and on-boarded tech-based solutions including AI & AR into its bouquet of services.

Its integrated digital platform Apollo 24/7 has over 6,000 doctors and 25 million registered users. Apollo 24/7’s GMV was ₹1,643 crore in the previous financial year, and the company expects it to cross ₹3,000 crore in FY24.

For its unflagging drive in bridging the divide between cutting-edge medicine and affordable healing, the Jury of the CNBC-TV18 India Business Leader Awards 2023 unanimously chose to bestow on Apollo Hospitals the title “Outstanding Company of the Year “. CNBCTV18

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