Max Healthcare Institute Ltd
Max Healthcare Institute Ltd (MAXHEALTH)

Max Healthcare Institute Ltd (MAXHEALTH)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return5.97 %
3 Month Return12.06 %
1 Year Return12.01 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 3
Rank 3
Rank 3
Dividend Yield
Rank 3
Rank 3
Price To Book Ratio
Rank 2
Debt To Asset
Rank 3

Company Information

Max Healthcare Institute Limited was originally incorporated as Infinitum Technologies Private Limited at New Delhi India as a Private Limited Company under the Companies Act 1956 pursuant to a Certificate of Incorporation dated June 182001 issued by the Registrar of Companies N.C.T. of Delhi and Haryana. Pursuant to a fresh Certificate of Incorporation dated June 28 2002 issued by the Registrar of Companies N.C.T. of Delhi and Haryana the name of Infinitum Technologies Private Limited was changed to Max Healthcare Institute Private Limited. Thereafter pursuant to a Special Resolution dated May 16 2002 and a fresh Certificate of Incorporation dated October 18 2002 the Company was converted to a Public Company and its name was changed to Max Healthcare Institute Limited. The purpose of change in company name was due to reflection of main healthcare business.The Company is a leading hospital chains in India with major concentration in North India consisting of a network of 17 network healthcare facilities which includes BLK Hospital and BNH Hospital. Besides it provides healthcare services across secondary and tertiary care specialties with key focus on centres of excellence i.e. oncology neurosciences cardiac sciences orthopaedicsrenal sciences liver and biliary sciences and minimal access metabolic and bariatric surgery MAMBS.In addition to core hospital business the company has two SBUs namely MaxHome and MaxLab. MaxHome is a platform that provides health and wellness services at home. It has 12 service lines including pathology pharmacy delivery physiotherapy and critical care nursing. MaxLab offers pathology services to patients outside of hospitals through a variety of channels including third party hospital laboratory management. Eight hospitals and five medical centres are located in Delhi and the NCR and the others are located in cities of Mumbai Mohali Bathinda and Dehradun. They provide diagnostic pathology radiology radiation oncology and clinical services in select specialties/departments through deployment of doctors and other medical staff in four Partner Healthcare Facilities.In addition it has established a representative office in Nairobi Kenya under the name True Max Healthcare which helps in partnering with local hospitals conducting OPDs assisting the potential patients with medical visas and pre travel preparation and participating in local events to build its brand internationally. In the year 2000 the Company opened first Medcentre with outpatient facilities and day care surgeries at Max Medcentre Panchsheel Park.In the year 2002 there were facilities opened in Pitampura and Noida subject to hospital in Pitampura became the first ISO certified hospital for highend secondary care.In 2004 the Company opened its first super tertiary care facility with advanced cardiac life support ambulances and air evacuation service at Max Heart Vascular Institute Saket. In 2005 multispeciality tertiary care centre in East Delhi with 147 beds three operation theatres and 1 cardiac catheterization laboratory at Max Hospital Patparganj were opened by the Company. In 2006 there was opening of first super speciality tertiary care location at Max Super Speciality Hospital Saket.The Company received NABH and NABL certification for laboratories and simultaneously opened a highend secondary care hospital at Gurgaon in the year of 2007.The BLK Hospital was redeveloped and relaunched as a multi super speciality facility by the Company in 2009.On 05 August 2009 through a concession agreement the Company entered into a public private partnership PPP with the Department of Health and Family Welfare DHFW Government of Punjab and HBPL Hometrail Buildtech Private Limited the Companys subsidiary merged with HEPL Hometrail Estate Private Limited for development of greenfield super speciality hospital in Bathinda Punjab which was engaged in the development of greenfield super speciality hospital in Mohali Punjab.In 2010 the BLK Hospital received NABH accreditation and therby the Company opened a 300 bedded hospital in Shalimar Bagh. In 2011 the Company thru HBPL extended its footprint in North India through a public private partnership with State Government of Punjab with setting up of hospitals in Mohali and Bathinda. In 2012 the first super speciality hospital in Uttarakhand Max Super Speciality Hospital Dehradun was opened and the Companys BLK Hospital installed Asia Pacific regions first cyberknife VSI an ultra modern latest generation PETCT to aid accurate diagnosis.In 2013 the BLK Hospital commenced liver and kidney transplant services. Max Healthcare successfully performed 100 bone marrow transplant surgeries within a span of 24 months and landmark surgery on separating two conjoint Nigerian twins respectively. On 28 May 2015 the Company acquired controlling stake in Crosslay Remedies Limited CRL a subsidiary that owns and operates a 378 bedded hospital with 328 operational beds located in East DelhiGhaziabadNoida corridor. The Company further had acquired 51 stake in Saket City Hospitals Private Limited a subsidiary of the Company SCHPL pursuant to which it became a subsidiary in 2015.In 2016 the company launched its vertical MaxHome Max Lab and Indias first oncology daycare center at Lajpat Nagar to provide chemotherapy to oncology patients outside the hospital first standalone immigration center at Lajpat Nagar New Delhi the ResponderonBike initiative Max Centre for Liver and Biliary Sciences and oncology dedicated wing in Max Hospital Shalimar Bagh.In 2017 Max Super Speciality Hospital Shalimar Bagh introduced advanced silent MRI and intraoperative and portable CT scanner with navigation it became the first hospital in the network to get accredited by the Joint Commission International JCI.In 2020 the healthcare business of Radiant Life Care Pvt. Ltd. and amalgamation of Erstwhile Max Healthcare Max India Ltd. Max India was merged with Company pursuant to the Scheme of Arrangement. The amalgamated entity retained the name Max Healthcare Institute limited and got listed on BSE NSE Limited on August 21 2020.The Network Healthcare Facilities including Company received the following awards accreditations and recognition during the years as follows:In 2016 Max Super Speciality Hospital Saket was awarded Best quality initiative BCMA medication process improvement and Best use of six sigma by ABP News. Best customer service in healthcare BMP Asia Star 2017 Award for Process Improvement Project to Max Super Speciality Hospital Saket by the CII Confederation of Indian Industry Institute of Quality. Max Institute of Cancer Care Lajpat Nagar won the Indian Express Healthcare Award Best Patient Satisfaction Programme Max Super Speciality Hospital Saket won the Gold Award in the Physician Leadership category for Reduction in VAP VentilatorAssociated Pneumonia at Asia Healthcare Management Awards 2017. National Award for Excellence in Cost Management to Dr. B L Kapur Memorial Hospital BLK Hospital by the Institute of Cost Accountants of India Excellent performance in IUCD insertion in central district in 2016 was awarded to BLK Hospital by the Delhi State Health Mission quality beyond accreditation to BLK Hospital by the Association of Healthcare Providers. BNH Hospital was ranked 7th in a hospital survey conducted by The Week in 2017. In 2018 CIMS Healthcare was awarded to BLK Hospital in the category Hospital with highest standard in patient care by the CIMS Medica India Private Limited. BNH Hospital was awarded the best Healthcare Delivery Brand in India at the India Health and Wellness Summit Awards 2018Hospital of the year with excellent healthcare services delivery at the IPE Business Excellence Awards for Pharma Healthcare. Most Popular Multi Speciality Hospital in India at the International Healthcare Awards organized by Time Cyber Media and Indias Most Trusted Healthcare Brand 201819 by White Page India.In 2019 Patient Safety Award for Project Nursing Excellence to Federation of Indian Chambers of Commerce Industry D.L. Shah National Award for Economics of Quality was awarded to Company by the Quality Council of India FICCI Excellence Awards for Operational Excellence was awarded to Company by the Federation of Indian Chambers of Commerce and Industry BLK Hospital was recognized for patient experience technology innovation and awarded the Best Organization for Staff/Employee Engagement for Patients by the CRM Academy of Asia Most Popular MultiSpeciality Hospital in India by World Mental Health Congress Awards by BNH Hospital D. L. Shah National Award for Economics of Quality was awarded to Company by the Quality Council of India operational excellence by FICCI to the Company.In 2020 Max Smart Super Speciality Hospital Saket won the Nursing Excellence Award at AHPI Healthcare Excellence Awards 2020 Max Super Speciality Hospital Saket won the Best HiTech Hospital National at ET Healthworld Awards 2020 Patparganj won the Best Hospital Neurology North Best Hospital Emergency North at ET Healthworld Awards 2020 and Max Smart Super Speciality Hospital Saket won the Best Hospital Orthopaedic National Best Hospital Mother Child Care North at ET Healthworld Awards 2020.
OrganisationMax Healthcare Institute Ltd