Krsnaa Diagnostics
Krsnaa Diagnostics is an India-based publicly listed diagnostic services provider operating 1,000+ centers across India, delivering radiology and pathology services through state government PPP contracts and a B2C retail network (Krsnaa Retail) across 5 states.
- Company typePublic
- Founded2011
- HeadquartersPune, India
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Krsnaa Diagnostics does
Krsnaa Diagnostics Ltd is an India-based publicly listed diagnostic services provider (BSE: 543328, NSE: KRSNAA) headquartered in Pune, Maharashtra, founded in 2011 with operations spanning 1,001-5,000 employees. The company operates a hub-and-spoke diagnostic network comprising 1,000+ centers across India offering a comprehensive menu of 1,394 radiology tests and 2,544 pathological tests through CT, MRI, X-Ray, ultrasound, and pathology services, supported by a 4,578 sq.ft. NABH-accredited tele-radiology hub in Pune with capacity for 80 technologists.
The business operates through a dual model: a public-private partnership (PPP) framework with state governments — including Himachal Pradesh, Maharashtra, Uttar Pradesh, Odisha, Delhi, Rajasthan, Tripura, Chandigarh, Karnataka, and Punjab — providing CT, MRI, and pathology services at 50-70% discounted rates under managed-services contracts; and a B2C retail vertical branded Krsnaa Retail/Krsnaa RPL operating 3,500+ touchpoints across 5 states with home collection and online booking. The company holds NABH, NABL, CAP, ACR, and CMMI Level-3 accreditations.
FY26 consolidated revenue was Rs 772.77 crore with net profit of Rs 101.43 crore (30.69% YoY growth, partly inflated by a Rs 22.20 crore one-off gain). The PPP segment carries significant counterparty risk, evidenced by the February 2026 Karnataka service halt over disputed payments of Rs 143.78 crore and reduced FY27 guidance of Rs 100-150 crore for the Rajasthan project. Upcoming expansion includes PET & LINAC oncology services. The company has served 81 million+ patients since inception.
Krsnaa Diagnostics firmographics
Firmographics- Name
- Krsnaa Diagnostics
- Legal name
- Krsnaa Diagnostics Ltd
- Website
- https://krsnaadiagnostics.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Krsnaa Diagnostics is an India-based publicly listed diagnostic services provider operating 1,000+ centers across India, delivering radiology and pathology services through state government PPP contracts and a B2C retail network (Krsnaa Retail) across 5 states.
- Ownership category
- akta.pro rank
Krsnaa Diagnostics industry classification
Industry- Product category
- Diagnostic Imaging and Pathology Services
- NAICS
- Diagnostic Imaging Centers (621512), Medical and Diagnostic Laboratories (6215)
- SIC
- Services-Medical Laboratories (8071)
- akta.pro primary industry
- Radiology Reporting, Dictation & Structured Reporting (HLACALAF)
- akta.pro secondary industries
- Remote Diagnostics & Home Testing Devices (Connected POC/At-Home Diagnostic Readers) (HLAHACAL), Quality, Peer Review & Compliance Tools (MQSA/ACR/QA) (HLACALAL), Molecular Diagnostics (PCR/qPCR, NGS-based assays) (HLAAALAA)
Keywords
Where Krsnaa Diagnostics is headquartered
LocationHeadquarters
- HQ city
- Pune
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Krsnaa Diagnostics business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- Government PPP Contracts: Revenue from public-private partnership projects with state governments and public hospitals for CT, MRI, and diagnostic services. FY26 net sales of Rs 772.77 crore with 30.69% profit growth. Rajasthan project guidance lowered to Rs 100-150 crore for FY27.
- Retail Diagnostics (Krsnaa Retail): B2C retail diagnostics vertical serving individual patients, achieving 8-fold revenue jump within 12 months, expanding to 3,500 locations across 5 states. Services include pathology, radiology, and home collection.
- Tele-Radiology Services: Remote diagnostic reporting services provided through NABH-accredited tele-radiology hub, supporting hospital and public health institution partnerships across multiple states.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | PPP Government Pricing - 50-70% discounted rates |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Krsnaa Diagnostics product offering
Product offeringCore offering
Krsnaa Diagnostics is a publicly listed Indian diagnostic services provider operating a hub-and-spoke network of 1,000+ diagnostic centres offering 1,394 radiology tests and 2,544 pathological tests. The company delivers CT, MRI, X-Ray, ultrasound, pathology, and tele-radiology/tele-pathology services primarily through public-private partnership (PPP) contracts with state governments and through its Krsnaa Retail sub-brand serving individual patients across 3,500+ retail locations in 5 states.
Product overview
Krsnaa Diagnostics operates as a comprehensive diagnostic services provider offering both radiology and pathology services through a network of diagnostic centres. The portfolio includes core imaging services (CT & X-Ray, MRI, USG), pathology testing (2,544 pathological tests and 1,394 radiology tests), tele-medicine capabilities (Tele-Radiology and Tele-Pathology), and upcoming PET & LINAC oncology services. The company operates under a hub-and-spoke model with a NABH-accredited tele-radiology hub in Pune supporting distributed diagnostic centres, complemented by the retail-focused Krsnaa Retail (KRSNAA RPL) sub-brand for direct patient access.
Differentiator
Problem solved
Functional benefit
Brands
- Krsnaa Retail: Retail diagnostics vertical that achieved an 8-fold revenue jump within 12 months, expanding to 3,500 locations across 5 states
- Krsnaa RPL
Products and services
- Pathology Services
Quantifiable outcome
- 81 million+ patients served since inception
- +3 more outcomes
Companies that use Krsnaa Diagnostics
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Krsnaa Diagnostics technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Krsnaa Diagnostics partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Karnataka Government (Health Department)corePPP project for CT and MRI services in Karnataka district hospitals. Services halted in February 2026 due to disputed pending payments of approximately Rs 143.78 crore dating back to 2019.
- State Governments (Maharashtra, Uttar Pradesh, Odisha, Delhi, Rajasthan, Tripura, Chandigarh)coreMultiple state government partnerships for providing diagnostic services in government hospitals. Each state has separate PPP contracts for CT, MRI, and pathology services across district hospitals and healthcare institutions.
- Himachal Pradesh Government (Health Department)coreFirst public-private partnership project involving CT services in Himachal Pradesh, marking the company's entry into government healthcare partnerships. This established the PPP model that became central to Krsnaa's business approach.
Scale indicators8 records
Recent moves9 records
Expansion highlights6 records
Krsnaa Diagnostics competitors and assessment
Company assessmentDirect peers
- Apollo Diagnostics: Diagnostic services arm of Apollo Hospitals, operating patient-facing diagnostic centers across India. Comparable to Krsnaa in radiology and pathology service offerings, with strong hospital network referrals.
- Agilus Diagnostics (formerly SRL Diagnostics): Large pan-India diagnostic chain (backed by Manipal/Mayo Clinic) with both B2C and hospital/institutional segments. Directly comparable as a multi-modality diagnostic services competitor with similar geographic footprint.
- Vijaya Diagnostic Centre: South India-focused diagnostic chain offering comprehensive pathology and radiology services. Comparable to Krsnaa in its multi-modality diagnostic services model and PPP/hospital partnership approach.
- Suburban Diagnostics: Mumbai and Western India-focused diagnostic chain offering pathology and radiology. Comparable to Krsnaa in service mix (radiology + pathology) and B2C/institutional model.
- Thyrocare Technologies: Listed Indian diagnostic laboratory focused on preventive and routine pathology testing at scale via hub-and-spoke model. Comparable in its lab-services operating model and pan-India reach, though with different customer mix.
- Metropolis Healthcare: Listed Indian diagnostic chain operating across pathology and radiology with pan-India presence. Closely comparable to Krsnaa in service mix (pathology-led), multi-city network, and B2C + institutional customer model.
- Dr. Lal PathLabs: India's largest listed diagnostic chain by network and B2C brand. Directly comparable as a multi-modality (pathology + radiology) diagnostics services provider serving both individual patients and institutional clients across India.
Emerging players
- Tata 1mg (1mg Technologies): Digital health platform offering online diagnostics booking and home sample collection across India. Comparable to Krsnaa Retail in its B2C digital booking model and direct-to-consumer home collection logistics.
- Neuberg Diagnostics: Multi-city Indian diagnostic chain combining pathology, radiology, and wellness/preventive testing. Comparable to Krsnaa in its full-service diagnostic offering, with strong presence in South and Western India.
Broad incumbents
- Synlab Group: European-headquartered global medical diagnostics services provider with presence in India. Comparable to Krsnaa as a large-scale diagnostic services operator, though with broader geographic and service diversification.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Krsnaa Diagnostics social profiles
Digital presenceKrsnaa Diagnostics compliance and trust
Trust signalCompliance6 records
Krsnaa Diagnostics financial estimates
Financial estimateRevenue estimate
Valuation estimate
Krsnaa Diagnostics leadership team
Management profileNumber of profiles
Profiles5 records
Krsnaa Diagnostics subsidiaries and ownership
Company hierarchySubsidiaries7 records
Krsnaa Diagnostics funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Krsnaa Diagnostics M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Krsnaa Diagnostics
What does Krsnaa Diagnostics do?
Krsnaa Diagnostics is a publicly listed Indian diagnostic services provider operating a hub-and-spoke network of 1,000+ diagnostic centres offering 1,394 radiology tests and 2,544 pathological tests. The company delivers CT, MRI, X-Ray, ultrasound, pathology, and tele-radiology/tele-pathology services primarily through public-private partnership (PPP) contracts with state governments and through its Krsnaa Retail sub-brand serving individual patients across 3,500+ retail locations in 5 states.
Is Krsnaa Diagnostics a public or private company?
Krsnaa Diagnostics is a public company. It is classified as public and is currently operating.
When was Krsnaa Diagnostics founded?
Krsnaa Diagnostics was founded in 2011. It employs 1,001 to 5,000 people.
Where is Krsnaa Diagnostics based?
Krsnaa Diagnostics is headquartered in Pune, India, in the Asia region.
How does Krsnaa Diagnostics make money?
Three revenue lines are on record. Government PPP Contracts are the primary driver. The others are retail Diagnostics (Krsnaa Retail) and tele-Radiology Services.
Who are Krsnaa Diagnostics's main competitors?
Direct peers on record are Apollo Diagnostics, Agilus Diagnostics (formerly SRL Diagnostics), Vijaya Diagnostic Centre, Suburban Diagnostics, Thyrocare Technologies, Metropolis Healthcare and Dr. Lal PathLabs. Emerging players are Tata 1mg (1mg Technologies) and Neuberg Diagnostics. Synlab Group is listed as a broad incumbent.
Does Krsnaa Diagnostics have an API?
No public API is recorded for Krsnaa Diagnostics.
What industry is Krsnaa Diagnostics in?
Krsnaa Diagnostics's product category is Diagnostic Imaging and Pathology Services. Its primary akta.pro industry code is HLACALAF, Radiology Reporting, Dictation & Structured Reporting, with a secondary code of HLAHACAL, Remote Diagnostics & Home Testing Devices (Connected POC/At-Home Diagnostic Readers). Its NAICS code is 621512 and its SIC code is 8071.