What Nm Medical does

NM Medical, operated by NM Diagnostics Private Limited, is one of India's pioneer diagnostic services companies, founded in 1984 by Nilesh Shah (Chairman & Managing Director) and now led alongside Rahil Shah (Director & CEO). The company operates 22 diagnostic centers across five cities — Mumbai, Pune, Bangalore, Nashik, and Thane — with embedded imaging departments inside Hinduja Hospital (Khar), Sushrut Hospital (Chembur), and Sancheti Hospital (Pune). A team of 1,000+ professionals delivers pathology, radiology, cardiology, and a growing portfolio of advanced imaging services including India's first 160-slice Digital PET CT, 3 Tesla MRI, Wide-Bore MRI, Mumbai's first G-scan Open Standing MRI, and 3D Digital Mammography with Tomosynthesis. Its NABL-accredited laboratories (held by less than 2% of Indian labs) run Total Lab Automation with barcoding, conveyor sorting, 72-hour refrigerated sample recall, and auto-verification, supporting a 24-hour report turnaround. Subsidiaries Health 360, NM Eva Health, Proliv Digipath, and Pro Genome extend the platform into preventive checkups, executive assessments, international second-opinion histopathology, and NGS-based cancer genomics.

The business operates three primary go-to-market motions. First, a direct-to-consumer walk-in model with tiered health checkup packages ranging from ₹2,999 (HealthFirst basic) to ₹75,000 (Health 360 Deluxe with cardiac CT, whole-body MRI, and cancer markers), plus per-test pricing across pathology, radiology, and cardiology. Second, an enterprise channel that runs over 30,000 annual corporate health checkups for 500+ companies, including pre-employment screenings and on-site health camps. Third, an international medical-tourism program targeting patients from 13 countries (Tanzania, Kenya, Ethiopia, South Africa, Uganda, Nigeria, UAE, Oman, Kuwait, Qatar, Singapore, Hong Kong, UK, USA, Canada), delivered as same-day 4–5 hour comprehensive packages with concierge and hotel partner support at ₹25,000–₹75,000 per visit. Home sample collection across Mumbai, WhatsApp-based booking, and an online patient portal round out the distribution stack. The company is privately held with no disclosed PE/VC funding and no public revenue figure.

Name

Nm Medical

Legal name

NM Diagnostics Private Limited

Website

https://nmmedical.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

101–250 employees

Short description

NM Medical (NM Diagnostics Private Limited) is a Mumbai-headquartered, founder-owned diagnostic services company operating 22 centers across five Indian cities plus embedded hospital imaging at Hinduja, Sushrut, and Sancheti, delivering pathology, radiology, cardiology, advanced imaging, and preventive health checkups to individual consumers, 500+ corporate clients, and international medical tourists from 13 countries.

Ownership category

akta.pro rank

Product category

Diagnostic Imaging Services

NAICS

Diagnostic Imaging Centers (621512), Medical Laboratories (621511)

SIC

Services-Medical Laboratories (8071)

akta.pro primary industry

Advanced Imaging & Specialty Radiology Centers (PET/CT, Nuclear Medicine, Interventional Radiology) (HLAFAKAB)

Keywords

• Diagnostic imaging services
• Preventive health checkups
• Pathology laboratory services
• Radiology imaging center
• Corporate health programs

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices24 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Diagnostic Testing Services: Pathology tests (blood tests, biochemistry, hematology, serology, allergy testing), radiology services (MRI, CT, X-ray, mammography), and cardiology services (ECG, stress test, 2D Echo, cardiac CT). Revenue generated through per-test pricing with various package options.
2. Health Checkup Packages: Comprehensive preventive health checkup packages ranging from basic (₹4,500) to premium (₹75,000). Includes tiered offerings like Primary, Gold, Platinum, Diamond, and Health 360 Deluxe packages covering full body screening.
3. Corporate Health Services: Annual health checkups, pre-employment screenings, and on-site health checkup services for corporate clients. Associated with over 500 companies conducting over 30,000 health checkups annually.
4. International Health Checkups: Specialized health checkup services for international patients from Africa, Middle East, and other regions. Premium pricing (₹25,000-₹75,000) with concierge services including airport transfers and hotel partnerships.
5. Home Visit Services: Home sample collection services across Mumbai with trained phlebotomists. Additional charges for home visit applicable.
6. Specialized Diagnostics: Advanced services including allergy testing, sleep apnea studies, genetic testing (Pro Genome), digital histopathology second opinions (PROLIV DigiPath), and PET CT imaging.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels9 records

Core offering

NM Medical operates a network of diagnostic centers delivering pathology, radiology, and cardiology testing services alongside tiered preventive health checkup packages. It runs advanced imaging modalities including Digital PET CT, 3T MRI, Whole Body MRI, Cardiac CT, and 3D Mammography, supplemented by home sample collection and corporate on-site health programs.

Product overview

NM Medical is a diagnostic healthcare company offering a comprehensive suite of medical diagnostic services across multiple centers in Mumbai, Pune, Bangalore, Nashik, and Thane. The portfolio includes core diagnostic testing services (Pathology, Radiology, Cardiology), advanced imaging (Digital PET CT, Whole Body MRI, Cardiac CT, OPEN MRI, 3D Mammography), specialty services (Allergy Testing, Sleep Apnea Testing, Digital Histopathology, Molecular Genomics, Biopsy & Ablation), and health checkup packages ranging from basic to comprehensive (Primary through Health 360 Deluxe at ₹4,500-₹75,000). Additional services include home sample collection, international health checkups for medical tourists, and corporate health programs. The company operates NABL-accredited labs with total lab automation and serves both domestic and international patients.

Differentiator

Problem solved

Functional benefit

Products and services

• Pathology Services Comprehensive pathology testing covering clinical chemistry, hematology, serology, anatomical pathology, allergy testing, and molecular diagnostics processed through NABL-accredited labs with Total Lab Automation.
• Radiology Services Diagnostic imaging including 3T MRI, 1.5T MRI, CT scans, digital X-ray, sonography, colour Doppler, mammography, DEXA bone densitometry, EEG, and digital OPG.
• Cardiology Services Non-invasive cardiac diagnostics including coronary CT angiography, cardiac MRI, ECG, stress test, 2D/3D echo, Holter monitoring, and ambulatory BP monitoring.
• Digital PET CT India's first 160-slice digital PET CT scanner for whole-body oncologic imaging, cardiac PET, infection imaging, and neuro PET for Parkinson's, dementia, and neuroendocrine tumors.
• Whole Body MRI Complete head-to-toe MRI screening completed in 45-60 minutes, evaluating head, neck, chest, abdomen, pelvis, musculoskeletal system, and whole spine without radiation or contrast.
• Cardiac CT 500-slice 4D dynamic CT for coronary CT angiography, calcium scoring, renal/carotid angiography, and peripheral angiography.
• Breast Screening Clinic Comprehensive breast diagnostic services including 3D digital mammography with tomosynthesis, breast ultrasound with elastography, fine needle aspirations, wire localizations, ultrasound-guided core biopsies, stereotactic biopsies, vacuum-assisted biopsies, digital histopathology with IHC staining, and BRCA genetic testing.
• OPEN MRI (G-scan) Mumbai's first open standing MRI enabling weight-bearing imaging for spine and joint evaluations in standing or sitting positions, complementing conventional high-strength MRI for surgical planning.
• Sleep Apnea Testing Sleep study services for diagnosis of obstructive sleep apnea with portable home sleep study options.
• Allergy Testing Serum allergy tests using FDA-approved WHO-recommended Immunocap specific IgE quantification, with veg food, non-veg food, eczema, respiratory, drugs, pediatric, and comprehensive panels.
• Digital Histopathology (PROLIV DigiPath) Digital pathology platform enabling second opinions from sub-specialist histopathologists in Mumbai, across India, and internationally (USA) for cancer diagnosis through digital transmission of biopsy samples.
• Molecular Genomics Lab Cancer genomic profiling using Next Generation Sequencing (NGS) for molecular cancer care, therapy response assessment, hereditary cancer panel testing, and minimal residual disease detection.
• Biopsy & Ablation Image-guided procedures including CT-guided aspiration, biopsies, drainage, image-guided ablation (RF, microwave, cryoablation), and pigtail catheter insertion.
• Blood Test at Home Home sample collection service with trained phlebotomists for blood sample collection across Mumbai, processed at NABL-accredited labs.
• Health Checkup Packages Comprehensive preventive health checkup packages including Primary, Adolescence, PCOS, Pre-Marital, Post-Menopausal, Gold, Gold Plus, Platinum, Diamond, Health 360 Deluxe, Pregnancy, and Cancer Screening packages, ranging from ₹4,500 to ₹75,000.
• International Health Checkups Full body health checkups for international visitors from Tanzania, Kenya, Ethiopia, South Africa, Uganda, Nigeria, UAE, Oman, Kuwait, Qatar, Singapore, Hong Kong, London, USA, and Canada, completed within 4-5 hours with same-day reports and physician review, including concierge services such as airport transfers and hotel partnerships.
• Corporate Check-ups Corporate health services including annual employee checkups, pre-employment screenings, on-site health camps, and corporate health management consultation, associated with over 500 companies conducting 30,000+ annual checkups.
• Immunity Check Package COVID-19 immunity assessment package including CBC, ESR, coronary risk profile, lipid profile, CRP, blood sugar, liver/renal function tests, electrolytes, ferritin, serum iron, vitamin D, and total IgE, priced at ₹4,950.
• COVID Recovery Package Post-COVID monitoring package available in three tiers (Basic ₹2,500, Advanced ₹4,500, Max ₹15,000) for monitoring organ recovery including COVID antibody testing.

Quantifiable outcome

• 30,000+ health checkups conducted annually for corporate clients
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Eight partnerships are on record, tiered core, major and minor.

• PROLIV DigiPathcoreStrategic or Co-development PartnerDigital histopathology platform partnership enabling international second opinions for cancer diagnosis. Sub-specialist histopathologists from Mumbai, national, and international (USA) provide expert opinions on biopsy samples transmitted digitally.
• Pro Genome (nmprogenome.com)coreStrategic or Co-development PartnerGenetic testing partnership offering hereditary cancer panel testing, predictive genomics, and NGS-based cancer testing. Provides comprehensive cancer genomic profiling.
• Sancheti Hospital (Pune)majorImplementation/ SI/ Consulting PartnerHospital partnership providing MRI, CT, and Digital PET CT imaging services at Sancheti Hospital in Shivaji Nagar, Pune.
• Hinduja Hospital Khar (Mumbai)majorImplementation/ SI/ Consulting PartnerHospital partnership providing 3T MRI and 128 Slice CT Scan services at Hinduja Khar, Mumbai. Department is run by NM Medical.
• Sushrut Hospital (Mumbai)minorImplementation/ SI/ Consulting PartnerHospital partnership providing 3T MRI services at Sushrut Hospital in Chembur, Mumbai.
• Health 360 (health360.in)coreChannel Partner/ Reseller/ DistributorSub-brand focused on preventive health checkups. Marine Lines center operating under Health 360 branding with 1.5T MRI capabilities.
• NM Eva Health (nmevahealth.com)coreChannel Partner/ Reseller/ DistributorSub-brand providing health checkup services at Marine Lines location. Specializes in comprehensive preventive health assessments.
• Hotel PartnersminorStrategic or Co-development PartnerNetwork of hotel partners providing accommodation options for international patients visiting for health checkups. Part of the concierge services for medical tourists.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Dr. Lal PathLabs: India's largest listed diagnostic chain offering pathology and radiology services nationwide. Directly comparable to NM Medical on core diagnostic offerings, NABL-accredited labs, and a focus on preventive health checkups, though at significantly larger national scale.
• Thyrocare Technologies: Pan-India diagnostic chain specializing in low-cost pathology with wellness packages (Aarogyam). Comparable to NM Medical on health checkup packages and NABL-accredited lab operations, though more pathology-focused and lower-ticket than NM's imaging-heavy mix.
• Neuberg Diagnostics: Pan-India diagnostic chain with strong focus on advanced and molecular diagnostics including genomics and digital pathology. Comparable to NM Medical on NABL accreditation, advanced imaging, and specialty diagnostics like Pro Genome.
• Apollo Diagnostics: Diagnostic arm of Apollo Hospitals offering pathology, imaging, and home collection services. Comparable to NM Medical on integrated diagnostics, advanced imaging, and wellness packages, with the added strength of hospital group referral network.
• Metropolis Healthcare: Listed Indian diagnostic chain with strong presence in advanced diagnostics, preventive wellness packages, and corporate B2B programs. Closely comparable to NM Medical on lab accreditation, health checkup packages, and corporate health services.
• SRL Diagnostics (Agilus): One of India's largest diagnostic networks with comprehensive pathology, radiology, and wellness services. Direct competitor to NM Medical on advanced imaging, preventive checkups, and corporate health programs across major metros.
• Suburban Diagnostics: Mumbai-headquartered diagnostic chain with strong presence in Maharashtra. Highly comparable to NM Medical on geographic overlap, advanced imaging services, corporate health programs, and home sample collection.

Emerging players

• Healthians: Tech-enabled home diagnostic service provider focused on at-home sample collection and wellness packages. Partial overlap with NM Medical's home visit service and preventive health checkup segments, but lacks NM's physical center footprint and advanced imaging.

Broad incumbents

• Apollo Hospitals Enterprise: Large hospital chain with significant diagnostic arm spanning pathology, imaging, and preventive health. Comparable to NM Medical on diagnostic services and corporate health, though operates as part of broader inpatient healthcare portfolio.
• HealthCare Global Enterprises (HCG): Oncology-focused hospital and diagnostics chain with significant PET CT, molecular diagnostics, and digital pathology capabilities. Comparable to NM Medical on advanced cancer imaging (Digital PET CT), genomic profiling (Pro Genome), and PROLIV DigiPath-style second opinion services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/nmlabmedicare
• YouTubeyoutube.com/@NMMedical_Official
• Facebookfacebook.com/profile.php?id=61579188297020
• Instagraminstagram.com/nmmedical_official
• LinkedInlinkedin.com/company/nm-medical

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 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 →

Frequently asked questions about Nm Medical