Apple Saraswati Multispeciality Hospital

What Apple Saraswati Multispeciality Hospital does

Apple Saraswati Multispeciality Hospital is a 200-bed NABH-accredited multispeciality hospital operating from a 5.5-acre, 150,000 sq.ft campus at Kadamwadi, Kolhapur, Maharashtra. Incorporated in 1994 as Apple Hospital & Research Institute Ltd. by Dr. Ashok Bhupali (Cardiologist) and Dr. Kiran Patankar (Sonologist) with 50 medical-professional shareholders, the entity converted to a public limited company in 1997 and today has more than 450 shareholders, all drawn from the medical fraternity. The hospital delivers tertiary-care services across cardiology, oncology, nephrology with renal transplantation, neurology, neonatology, paediatrics, obstetrics and gynaecology, urology, orthopaedics, general and laparoscopic surgery, vascular surgery, neurosurgery, and critical care.

The clinical platform is anchored by capital-intensive, region-leading equipment: a Varian TrueBeam STx Linear Accelerator (third of its kind in Maharashtra, enabling SRS/SBRT/IMRT/IGRT), a Siemens MAGNETOM SKYRA 48-channel 3T MRI (first in a ten-district catchment), a 128-slice Siemens Dual Energy CT Scanner capable of non-invasive coronary angiography, dual Philips Azurion and Siemens Axiom cathlabs, a Carl Zeiss operating microscope, ECMO, and 20 Fresenius Kabi dialysis units. Supporting infrastructure includes a 20-bed Critical Care Unit (2:1 nurse ratio with 24/7 intensivist coverage), a 40-bed Level IV NICU, a 10-bed PICU, six operation theatres, and a NABH-accredited pathology laboratory. The hospital is also the only institute in South-West Maharashtra recognized by the National Board of Examinations for DNB programmes in Medicine, Radio-Diagnosis, Cardiology, and Paediatrics and by ISCCM for IDCCM critical-care training.

The business model combines fee-for-service patient care, advanced diagnostics, and academic training. Revenue is generated from inpatient and outpatient services, interventional procedures, diagnostic imaging, free dialysis (likely cross-subsidized via government scheme reimbursements), and post-graduate medical education. Distribution is direct through walk-in patients, empanelment with 10+ Third Party Administrators (FHPL, DHS, Star Health, Max Bupa, Apollo Munich, etc.), and state government schemes (MJPJAY, PMJAY, MSEDCL/MAHATRANSCO/MAHAGENCO employee schemes). The hospital claims an angiography price point of Rs 4,000 — described as the lowest in India — positioning advanced care at sub-metro price levels. Growth since the 2011 merger with Saraswati Hospital has come from equipment intensification (Rs 8.5 Cr 3T MRI and Rs 25 Cr oncology project in 2017) rather than multi-site expansion, with operations remaining concentrated in Kolhapur serving South-West Maharashtra.

Name

Apple Saraswati Multispeciality Hospital

Legal name

Apple Hospital & Research Institute Ltd.

Website

https://applehospitals.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

Apple Saraswati Multispeciality Hospital is a 200-bed NABH-accredited tertiary hospital in Kolhapur, Maharashtra offering cardiology, oncology, nephrology, neonatology and critical care with region-leading equipment including a TrueBeam STx Linac and 48-channel 3T MRI, serving patients across South-West Maharashtra.

Ownership category

akta.pro rank

Headquarters

HQ city

Kolhapur

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Patient Care Services: Primary revenue from hospital services including consultations, surgeries, procedures, and inpatient care across all specialties. Services include cardiology, cardiac surgery, oncology, neurology, nephrology, and general medical/surgical care.
2. Diagnostic Services: Revenue from advanced diagnostic imaging (MRI, CT, mammography), pathology lab, and cardiology diagnostics. The hospital provides comprehensive diagnostic services including 3T MRI, 128-slice CT, echocardiography, and pathology investigations.
3. Radiation Oncology: Cancer treatment services using TrueBeam STx Linear Accelerator for radiation therapy including SRS, SRT, IMRT, IGRT, and Rapid Arc Therapy.
4. Free Dialysis Treatment: Free dialysis services provided to kidney failure patients, likely supported by government schemes or CSR initiatives.
5. Academic Programs: Revenue from DNB courses, paramedical certificate courses, ISCCM courses, MUHS fellowships, and other medical education programs.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Apple Saraswati Multispeciality Hospital is a 200-bed NABH-accredited multispeciality hospital in Kolhapur, Maharashtra, delivering tertiary-level medical, surgical, and diagnostic services across cardiology, oncology, nephrology, neurology, gynaecology, urology, critical care, neonatology, and orthopaedics. The facility is anchored by advanced technology including a Varian TrueBeam STx Linear Accelerator, Siemens 48-channel 3T MRI, 128-slice CT scanner, and dual digital cathlabs, and it operates a government-recognized renal transplant program with free dialysis services.

Product overview

Apple Saraswati Multispeciality Hospital operates as a unified hospital system with three core facilities: a 200-bed NABH-accredited multispeciality hospital, a comprehensive Cancer Institute (offering surgical, medical, and radiation oncology), and an Advanced Diagnostic Centre. The hospital provides 12 medical services, 6 surgical services, and 4 diagnostic service lines supported by advanced equipment including Siemens MAGNETOM SKYRA 48-channel 3T MRI, SOMATOM 64-slice CT scanner, dual Philips/Siemens cathlabs, GE Voluson ultrasound systems, and Varian TrueBeam STx linear accelerator. Key clinical programs include a 40-bed Level IV NICU, 10-bed PICU, 20-bed Critical Care Unit, free dialysis services (20 units), and a government-recognized renal transplant program. The hospital operates on a platform of integrated care delivery where diagnostic services, medical specialties, surgical services, and supportive services work together under one roof.

Differentiator

Problem solved

Functional benefit

Brands

• Apple Heart Institute: Cardiac specialty center with interventional cardiology, cathlab, and cardiothoracic surgery services.
• Apple Cancer Institute

Products and services

• Apple Saraswati Multispeciality Hospital 200-bed NABH-accredited multispeciality hospital offering comprehensive medical, surgical, and diagnostic services across cardiology, oncology, nephrology, neurology, gynaecology, urology, critical care, neonatology, and orthopaedics for patients across South-West Maharashtra.
• Apple Cancer Institute

Quantifiable outcome

• 35+ successful renal transplant surgeries performed
• +4 more outcomes

Named customers2 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Seven partnerships are on record, tiered core.

• Family Health Plan Ltd. (FHPL)coreOthersThird Party Administrator partnership for processing health insurance claims. Patients can avail cashless treatment facilities through this partnership.
• Dedicated Healthcare Services (DHS)coreOthersThird Party Administrator partnership for health insurance claims processing and cashless treatment facilities.
• Star HealthcoreOthersHealth insurance Third Party Administrator enabling cashless hospitalization for Star Health policyholders.
• Max BupacoreOthersHealth insurance Third Party Administrator partnership for cashless treatment facilities.
• Apollo Munich Health InsurancecoreOthersHealth insurance Third Party Administrator partnership for cashless treatment facilities.
• Vajpayee Arogyashree YojanacoreOthersGovernment health scheme partnership providing healthcare coverage to beneficiaries under this state government scheme.
• Rajiv Gandhi Jeevandayee Arogya YojanacoreOthersGovernment health scheme partnership under the Rajiv Gandhi Jeevandayee Arogya Yojana for providing affordable healthcare to economically weaker sections.

Scale indicators19 records

Recent moves15 records

Expansion highlights5 records

Broad incumbents

• Medanta - The Medicity: Large national multispeciality hospital chain (1,250+ beds flagship) with leading cardiac, oncology, and transplant programs. Broad incumbent offering overlapping super-specialty capabilities from a metro base.
• Fortis Healthcare: Pan-India multispeciality hospital chain with significant cardiology, oncology, and renal transplant presence. Broad incumbent that competes for the same advanced-care cases, but at metro tier-1 locations.
• Apollo Hospitals: India's largest hospital chain with deep presence in cardiology, oncology, organ transplant, and diagnostics. Broad incumbent providing the metro benchmark Apple competes against on technology and reputation.
• Manipal Hospitals: National multispeciality chain with comparable tertiary programs across cardiology, oncology, nephrology, and critical care. Broad incumbent with both metro and emerging-city presence.

Direct peers

• KIMS Hospitals: Hyderabad-based multispeciality hospital chain with strong cardiac sciences and renal transplant programs serving South/Central India. Comparable as a regional, technology-focused multispeciality player at similar bed-scale.
• Jupiter Hospital: Multi-branch tertiary care hospital in Pune and Mumbai with comparable specialty mix in cardiology, oncology, and transplant. Direct peer on multi-specialty quaternary capability and tier-1/2 Maharashtra positioning.
• Sterling Hospitals: Ahmedabad-headquartered regional multispeciality hospital chain (200–300 beds) with comparable cardiology, oncology, and critical care programs. Comparable on mid-size Indian regional hospital profile and similar tier-2 city specialization.
• Sahyadri Hospitals: Pune-headquartered multispeciality hospital chain with similar tier-2 Maharashtra footprint, comparable 200–500 bed scale, NABH accreditation, and focus on cardiology, oncology, and organ transplant. Direct peer on geography, service mix, and target patient segment.
• Ruby Hall Clinic: Pune-based 750-bed multispeciality teaching hospital with strong cardiac, oncology, and critical care programs. Comparable as a regional Maharashtra multispeciality referral center serving a similar tier-2 catchment from Western Maharashtra.

Regional players

• Wockhardt Hospitals: Mumbai-headquartered multispeciality hospital group with cardiac, neurology, and critical care focus. Regional peer operating in adjacent Maharashtra geography with similar tertiary-care positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AppleSaraswati
• Facebookfacebook.com/applesaraswatihospitals
• LinkedInlinkedin.com/company/apple-saraswati-multispeciality-hospital

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

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 →

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