Dr. Agarwal's

What Dr. Agarwal's does

Dr. Agarwal's Eye Hospital is India's largest eye hospital chain, operating 285+ hospitals and vision care centres across 80+ cities in India and a growing footprint in Africa, with a registered presence in countries including Mauritius, Ghana, Kenya, Madagascar, Mozambique, Nigeria, Rwanda, Tanzania, Uganda, and Zambia. The group delivers a comprehensive ophthalmology service portfolio spanning cataract surgery (including robotic/laser-assisted and micro-incision variants), refractive surgery (LASIK, SMILE, SILK, Contoura, ICL), glaucoma management, cornea services (PDEK, CAIRS, PK, CXL), retina and vitreoretinal care, paediatric ophthalmology, oculoplasty, dry-eye treatment, neuro-ophthalmology, and uvea services. Clinically, the group is differentiated by proprietary surgical techniques developed under Prof. Amar Agarwal — PDEK, CAIRS, Pinhole Pupilloplasty, Glued IOL, and 5F-ISHF — and by a workforce of 800+ ophthalmologists performing approximately 282,326 surgeries and treating over 2 million patients annually.

The business operates two publicly listed entities in India — Dr. Agarwal's Eye Hospital Limited (ticker DAEHL) and Dr. Agarwal's Health Care Limited — backed by TPG Growth and Temasek, who together deployed approximately Rs. 1,050 crore (May 2022) and $80 million (August 2023) to fund network expansion. Revenue is generated on a per-procedure basis from individual patients through walk-in hospital visits, online appointment booking, community eye camps, school screenings, and international patient services, with insurance and EMI financing as adjunct payment channels; pricing is quote-based rather than publicly disclosed. The group combines tertiary super-speciality hubs in metropolitan cities with secondary hospitals and primary clinics in tier-2/tier-3 towns and rural outreach camps, supported by in-house DNB, fellowship, and optometry training programs that feed its talent pipeline and clinical research output.

Name

Dr. Agarwal's

Legal name

Dr. Agarwal's Eye Hospital

Website

http://www.dragarwal.com/index.php

Company type

Public

Founded year

1927

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Dr. Agarwal's is India's largest eye hospital chain, operating 285+ hospitals and vision care centres across 80+ Indian cities and multiple African countries, delivering comprehensive ophthalmology services — including proprietary cataract, refractive, cornea, retina, and glaucoma procedures — to over 2 million patients per year.

Ownership category

akta.pro rank

Product category

Eye Care / Ophthalmology Services

NAICS

Specialty (except Psychiatric and Substance Abuse) Hospitals (622310), Offices of Optometrists (62132)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-General Medical & Surgical Hospitals, Nec (8062)

akta.pro primary industry

Ophthalmology Clinics (Medical & Surgical Eye Care) (HLAKAKAC)

akta.pro secondary industries

Ophthalmology Surgery Centers (HLAFAIAF), Optometry Clinics (Primary Eye Care) (HLAKAKAB)

Keywords

• Ophthalmology services
• Eye hospital chain
• Cataract surgery
• Refractive laser surgery
• Corneal transplantation

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices18 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Healthcare Services Revenue: The primary revenue stream is from providing ophthalmology and eye care services across its hospital and clinic network, including consultations, diagnostic services, surgical procedures (cataract, LASIK, glaucoma, retina, cornea, paediatric), and post-operative care. Revenue is generated on a per-procedure basis from individual patients and insurance.
2. Healthcare Services - Q3 FY26 Results: Dr Agarwal's Eye Hospital reported Rs. 115.22 crore in revenue with 66.15% YoY net profit growth for Q3 FY26. The strong performance reflects rising patient volumes, improved operational efficiency, and better margin management.
3. Dr. Agarwal's Health Care Q3 FY26 Results: Dr Agarwal's Health Care reported Rs. 529.86 crore in revenue with 52.34% YoY net profit growth for Q3 FY26.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Dr. Agarwal's Eye Hospital operates one of India's largest chains of ophthalmology hospitals, delivering cataract, refractive, corneal, glaucoma, retinal, pediatric, and oculoplastic eye care services across 285+ hospitals and vision care centres in India and Africa. Its core service is the surgical correction and medical management of eye diseases, supported by proprietary techniques such as PDEK, CAIRS, Pinhole Pupilloplasty, and Glued IOL, and delivered by 800+ ophthalmologists handling around 282,000 surgeries annually.

Product overview

Dr. Agarwal's Eye Hospital operates as India's largest eye hospital chain, offering a comprehensive portfolio of ophthalmic services across a network of 270+ facilities in India and Africa. The core service portfolio centers on surgical specialties including cataract surgery (with robotic/laser-assisted options), refractive surgery (LASIK variants including SMILE, SILK, Contoura), cornea services (PDEK, CAIRS, transplantation), retina and vitreoretinal care (vitrectomy, laser photocoagulation, Anti-VEGF therapy), and glaucoma management. The hospital has pioneered proprietary techniques including PDEK, CAIRS, and Pinhole Pupilloplasty. Supporting services include pediatric ophthalmology, oculoplasty, dry eye treatment, neuro-ophthalmology, and low vision rehabilitation. The network provides approximately 282,326 surgeries annually across its facilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Cataract Surgery Comprehensive cataract removal and lens replacement services for patients with clouded lenses, offered across the network in conventional, robotic/laser-assisted (LACS), and micro-incision (MICS) variants to suit diverse clinical needs.
• Refractive Surgery / LASIK Laser vision correction procedures including SMILE LASIK, SILK LASIK, Contoura LASIK, Femto LASIK, Epi LASIK, Flapless LASIK, and PRK, designed for adults seeking correction of myopia, hyperopia, and astigmatism and freedom from glasses or contact lenses.
• Implantable Collamer Lens (ICL) Phakic intraocular lens implantation for patients with high refractive errors who are not suitable candidates for laser vision correction, offering an alternative path to spectacle independence.
• Glaucoma Treatment Comprehensive glaucoma management services including minimally invasive glaucoma surgery (MIGS), trabeculectomy, glaucoma shunt surgery, laser trabeculoplasty, and YAG peripheral iridotomy for patients with optic nerve damage from raised intraocular pressure.
• Cornea Services Corneal treatments and transplantation including PDEK (Pre-Descemet's Endothelial Keratoplasty), penetrating keratoplasty (PK), corneal cross-linking (CXL), CAIRS (Corneal Allogenic Intrastromal Ring Segments), and management of keratoconus and dry eye-related corneal conditions.
• Retina & Vitreoretinal Care Medical and surgical retina services including vitrectomy, retinal laser photocoagulation, scleral buckle, pneumatic retinopexy, barrage laser, and anti-VEGF injection therapy for retinal detachment, diabetic retinopathy, macular hole, and AMD.
• Glued IOL Advanced intraocular lens implantation technique using fibrin glue to secure the lens in scleral tissue for patients with deficient or damaged capsular support, providing stable lens fixation without traditional suturing.
• Pinhole Pupilloplasty Minimally invasive surgical procedure developed by the group as an alternative to corneal transplantation for patients with irregular corneas and vision impairment.
• Pediatric Ophthalmology Eye care services for children including squint surgery, nystagmus treatment, paediatric cataract management, and myopia management for growing eyes.
• Dry Eye Treatment Diagnosis and treatment of dry eye syndrome including Lipiflow thermal pulsation treatment and other therapeutic options for patients with chronic ocular surface disease.
• Oculoplasty Orbit and oculoplasty treatments addressing eyelid, tear duct, and eye socket issues including entropion/ectropion/ptosis correction, botox injection, and blepharoplasty.
• Neuro-Ophthalmology Treatment of vision problems linked to the brain, optic nerve, and nerves controlling eye movements, addressing neurological causes of visual disturbance.
• General Ophthalmology Routine eye check-ups, early diagnosis, and treatment of common eye conditions for maintaining overall eye health across all age groups.
• Uvea Services Management of uveitis and inflammation in the middle layer of the eye (uvea), serving patients with inflammatory ocular disease.
• Telemedicine Services Remote consultation services enabling patients to connect with Dr. Agarwal's ophthalmologists virtually for second opinions, follow-ups, and preliminary assessments.
• Eye Bank Services Specialised facility for collection, evaluation, preservation, and distribution of corneal tissue for transplantation procedures across the network.
• Low Vision Aids Specialised tools and rehabilitation services designed to help people with significant vision impairment maximise their remaining sight.
• Contact Lens Services Professional fitting and supply of contact lenses including photochromic lenses and specialty corneal lenses for patients across the network.

Quantifiable outcome

• 2 million+ patients treated annually across the network
• +5 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Shroff Eye Centre: Established Delhi-NCR based eye care hospital group offering comprehensive ophthalmology services. Comparable in service mix and tier-1 metro focus, though smaller in scale.
• Narayana Nethralaya: Bengaluru-based super-speciality eye hospital offering cataract, cornea, retina, and refractive services. Direct peer in the South Indian tertiary ophthalmology market.
• Eye-Q Vision Pvt Ltd: Indian eye care chain operating super-speciality eye hospitals in tier-2/3 cities. Comparable hub-and-spoke model targeting underpenetrated markets similar to Dr. Agarwal's expansion strategy.
• Centre for Sight: One of India's largest multi-speciality eye hospital chains offering cataract, refractive, glaucoma, retina, and cornea services. Directly comparable to Dr. Agarwal's in scale, service mix, and pan-India expansion strategy.
• ASG Eye Hospital: Fast-growing Indian eye hospital chain backed by private equity, operating a multi-city network with full-service ophthalmology offerings. Direct competitor to Dr. Agarwal's in the organized eye-care segment.
• Sankara Nethralaya: Reputed Chennai-headquartered eye care institution providing comprehensive ophthalmology services and training. Comparable in clinical depth and super-speciality reputation, though not-for-profit in orientation.
• Maxivision Eye Hospital: India-based eye hospital chain offering cataract, LASIK, glaucoma, and retina services. Direct peer competing in the same Indian ophthalmology market with similar hub-and-spoke expansion model.
• Vasan Healthcare / Vasan Eye Care: Historic Indian eye-care chain operating a large network of hospitals and optical outlets. Comparable service mix and patient demographic, though with a more retail/optical legacy footprint.

Broad incumbents

• Manipal Hospitals: Large multi-speciality hospital chain in India with ophthalmology departments across its network. Broader incumbent providing eye care as part of a wider hospital portfolio.
• Apollo Hospitals: India's largest multi-speciality hospital group with established ophthalmology services. Broad incumbent offering eye care alongside other specialties at national scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/dragarwals_eye
• YouTubeyoutube.com/c/DrAgarwal'sEyeHospitalLimited
• Facebookfacebook.com/DrAgarwalsEyeHospital
• LinkedInlinkedin.com/company/dragarwalseyehospital
• Instagraminstagram.com/dragarwalseye

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds5 records

Investors4 records

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 Dr. Agarwal's