Shalby Hospitals

What Shalby Hospitals does

Shalby Hospitals is an Indian multi-specialty hospital chain founded in 1994 in Ahmedabad, operating 16 hospitals across 13 cities in 8 states with more than 2,000 beds and 1,500+ doctors. The company originated as a focused orthopedic and joint replacement center and has cumulatively served approximately 2.8 million patients; its orthopedic specialization is anchored by proprietary clinical techniques (including the 'Zero Technique' for joint replacement, performed in roughly 20 minutes) and robotic joint replacement capabilities, with lead surgeon Dr. Dheeraj Dubay having completed over 40,000 joint replacement procedures.

The business generates revenue from hospital healthcare services and professional/consulting services, with pricing for implants and stents governed by India's NPPA price controls and additional revenue from packaged health check-ups. Customer segments are predominantly general healthcare patients with a deliberate secondary focus on international medical tourists from markets including the UK, Kenya, and Mozambique, plus senior-citizen demand driven by joint replacement and cardiac care. Distribution has been expanded through adjacent channels including Shalby Home Care and video consultations, and into new geographies (Chhattisgarh investment, Gurugram facility, Mumbai/Zynova acquisition) and new verticals (oncology launch at Krishna Shalby).

Leadership comprises Vikram Shah as Chairman and Ravi Bhandari as CEO. The company is referenced as publicly listed with quarterly financial disclosure, and most recently reported Q3 FY2025 revenue of Rs 272.13 crore alongside a swing to net profit of Rs 1.77 crore from a prior-year loss of Rs 1.81 crore. Notable portfolio action includes the strike-off of subsidiary Ningen Lifecare in 2026 as part of subsidiary rationalization.

Name

Shalby Hospitals

Legal name

Shalby Limited

Website

https://shalby.org

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Shalby Hospitals is an Indian multi-specialty hospital chain founded in 1994, operating 16 hospitals across 13 cities with 2,000+ beds, specializing in orthopedic and joint replacement surgery and serving domestic patients plus international medical tourists from Africa and the UK.

Ownership category

akta.pro rank

Product category

Multi-Specialty Hospital Services

NAICS

General Medical and Surgical Hospitals (6221), Specialty (except Psychiatric and Substance Abuse) Hospitals (622310)

SIC

Services-General Medical & Surgical Hospitals, Nec (8062), Services-Hospitals (8060)

akta.pro primary industry

Private/For-Profit Hospital Systems (HLAFAAAF)

akta.pro secondary industries

Orthopedic & Spine Specialty Hospitals (HLAFAHAB), Orthopedic & Spine Surgery Centers (HLAFAIAG)

Keywords

• Multi-specialty hospital services
• Joint replacement surgery
• Robotic knee replacement
• Cardiac and neuro care
• Preventive health checkups

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices13 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Hospital Healthcare Services: Revenue generated from patient consultations, diagnostic services, surgical procedures, inpatient care, and follow-up treatments across multiple specialties including orthopedics, cardiac sciences, oncology, and more.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Shalby Hospitals runs a chain of multi-specialty hospitals delivering inpatient and outpatient care across orthopedic and joint replacement surgery (knee, hip, robotic), cardiac sciences, neuro sciences, oncology, kidney sciences, gastro sciences, dental, and obstetrics/gynaecology. The chain operates 16 owned hospitals with 2,000+ beds and 1,500+ doctors, and supplements core hospital services with preventive health checkup packages, home healthcare, and organ transplant programs. The orthopedic franchise, including the proprietary Zero Technique and robotic-assisted joint replacement, is the anchor specialty driving the company's brand reputation.

Product overview

Shalby Hospitals operates as a multi-specialty hospital chain offering comprehensive healthcare services across 16 hospitals in 13 Indian cities. The core offering centers on orthopedic and joint replacement surgery (particularly knee and hip replacements using advanced robotic techniques), supported by complementary specialties including Cardiac Sciences, Neuro Sciences, Onco Sciences, Kidney Sciences, Gastro Sciences, Dental Care, and Obstetrics/Gynaecology. The hospital network provides add-on services such as health checkup packages, home care services, and organ transplant programs. With over 2,000 beds capacity and more than 1,500 doctors, the organization delivers both inpatient treatment and outpatient consultations across its facility network.

Differentiator

Problem solved

Functional benefit

Brands

• SOCE (Shalby Orthopedics Centre of Excellence): Orthopedic center of excellence franchise network offering specialized joint replacement and orthopedic services.
• Shalby Elite

Products and services

• Bone and Joint (Orthopedics) Orthopedic and joint replacement services including knee and hip replacement surgeries, arthroscopy, and sports injury treatments, for patients requiring musculoskeletal care.
• Cardiac Sciences Comprehensive cardiac care including cardiology consultations, angioplasty, stenting, coronary angiography, and cardiothoracic and vascular surgery, for patients with heart conditions.
• Neuro Sciences Neurological and neurosurgical services including stroke treatment, epilepsy management, endovascular neurosurgery, and brain and spine tumor surgeries, for patients with neurological conditions.
• Onco Sciences Comprehensive cancer treatment including medical oncology, surgical oncology, radiation oncology, bone marrow transplant, and onco-physiotherapy, for cancer patients.
• Intensive and Critical Care Critical care services for patients requiring intensive monitoring and life support, delivered through ICU facilities across Shalby hospitals.
• Kidney Sciences Kidney care services including interventional nephrology, dialysis, kidney transplant, urology, and uro surgery, for patients with renal and urological conditions.
• Gastro Sciences Gastroenterology and hepatology services including endoscopy, laparoscopy, liver transplantation, and treatment of digestive disorders, for patients with gastrointestinal conditions.
• Dental Cosmetic and Implantology Dental services including cosmetic dentistry, dental implants, orthodontics, and oral surgeries, for patients requiring dental and oral healthcare.
• Obstetrics and Gynaecology Women's health services including pregnancy care, gynecological treatments, infertility treatments, IVF, and minimally invasive surgeries, for women across reproductive and post-reproductive stages.
• Robotic Joint Replacement Advanced robotic-assisted joint replacement surgery using fully automatic robotic systems for enhanced precision in knee and hip surgeries, for patients requiring joint replacement.
• Health Checkup Packages Preventive health screening packages including Basic Wellness (Rs 1,359), Cardiac Screening (Rs 1,800), Diabetes Screening (Rs 550), Cancer Screening, and Advanced Full Body Check Up (Rs 4,999), for individuals seeking preventive health assessments.
• Shalby Home Care Home healthcare services providing medical care and nursing support at patients' residences, for patients who prefer or require treatment at home.
• Organ Transplant Services Kidney transplant services including both related and unrelated donors, with swap case support and detailed transplant outcome tracking, for patients with end-stage renal disease.

Quantifiable outcome

• Dr. Dheeraj Dubay performed over 40,000 joint replacement surgeries
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Chhattisgarh GovernmentstrategicOthers · 11 November 2025Shalby Hospitals signed agreements with Chhattisgarh government during an investor summit to invest in a multi-speciality hospital in the state as part of Chhattisgarh's pharma/biotech hub development initiative.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Medanta (Global Health): Tertiary and quaternary care hospital chain led by renowned clinical founders. Comparable brand-led, specialty-anchored positioning and similar multi-specialty service mix including cardiac and orthopedics.
• Manipal Hospitals: Large multi-specialty hospital network with strong South and West India presence. Competes directly with Shalby on multi-specialty inpatient services and is expanding into Tier-2 markets similar to Shalby's Gujarat footprint.
• KIMS Hospitals: Listed South India-focused multi-specialty hospital chain. Comparable bed-count and specialty mix, and a similar model of organic plus acquired expansion into adjacent geographies.
• Fortis Healthcare: Listed multi-specialty hospital operator with presence across North, East, and South India. Overlaps with Shalby in cardiac, orthopedic, and oncology service lines and competes for similar tertiary-care patient pools.
• Max Healthcare: North India-focused multi-specialty hospital chain with strong tertiary care and oncology positioning. Comparable bed-count profile and similar focus on complex surgical specialties including orthopedics and cardiac.
• Aster DM Healthcare: Multi-specialty hospital and clinic operator with significant India (Kerala, Karnataka, Maharashtra) presence and a major medical tourism practice. Closely comparable on international patient flows and multi-specialty mix.
• Apollo Hospitals: India's largest listed multi-specialty hospital chain with a comparable national footprint, broad specialty mix, and similar medical tourism focus. Apollo is the closest scale and business-model analog to Shalby.
• Care Hospitals: Multi-specialty tertiary hospital chain with strong presence in South and Central India. Competes with Shalby in cardiac sciences, orthopedics, and critical care across overlapping mid-tier markets.
• Narayana Health: Multi-specialty hospital operator with strong cardiac and surgical focus across India. Comparable cost-efficient tertiary model and similar expansion approach into Tier-2 cities.

Emerging players

• HealthCare Global Enterprises (HCG): Specialty oncology hospital chain. Relevant because Shalby recently launched an oncology and radiotherapy department at Krishna Shalby, putting it in partial overlap with HCG's cancer-care focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/shalbyhospitals
• YouTubeyoutube.com/user/shalbyhospitals
• Facebookfacebook.com/shalbyhospital
• LinkedInin.linkedin.com/company/shalby-hospitals
• Instagraminstagram.com/shalbyhospitals

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shalby Hospitals