The College of Physicians and Surgeons (CPS)

What The College of Physicians and Surgeons (CPS) does

The College of Physicians and Surgeons (CPS), formally the College of Physicians and Surgeons of Mumbai, is a private nonprofit postgraduate medical education institution headquartered at CPS House, Parel, Mumbai. Founded with a continuous operating history traced to 1912 and operating under the Maharashtra Medical Council Act 1965, CPS administers the Fellowship of the College of Physicians and Surgeons (FCPS) and a range of Diploma programmes across clinical specialties, serving medical graduates who have completed their MBBS and seek alternative postgraduate credentials to traditional university MD/MS degrees. Its qualifications are recognized by the Governments of Maharashtra, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, Chhattisgarh, Tripura, and Dadra and Nagar Haveli, the State Medical Councils of West Bengal, Tamil Nadu, Punjab, and Odisha, and the Government of Malaysia.

CPS runs two examination cycles per year (March-April and September-October), supported by an in-person lecture series at its Mumbai headquarters and an e-learning portal at cpselearning.in. Its technology stack is modest and operational rather than differentiated: an online examination and enrollment portal (online.cpsmumbai.org), a dedicated affiliation portal for training institutions, and a YouTube presence for live-streamed convocations. The institution has begun diversifying its academic offerings beyond traditional examinations, launching the SIMBEGIN international certification course in medical simulation in partnership with Laerdal and SAFER in 2026, and co-hosting UK MRCOG/MRCPCH programmes with BAPIO and Cloudnine Hospital since 2024.

Revenue is generated through a mix of low-fee transactional streams: examination form fees (Rs. 3,200 for Diploma, Rs. 13,200 for FCPS), convocation fees (Rs. 2,500-3,500), fellowship membership renewals (Rs. 1,000 every 10 years), and newer unit-priced SIMBEGIN course fees (INR 25,000-50,000 + GST). The institution is self-governed by an elected Council and managed by a President (currently Dr. Rajesh V. Darade), with no parent company or external equity ownership. A significant operational overhang persists: CPS has filed a Special Leave Petition in the Supreme Court of India over examination delays that have affected 2,000+ registered students since November 2024, creating material uncertainty around near-term throughput.

Name

The College of Physicians and Surgeons (CPS)

Legal name

College of Physicians and Surgeons of Mumbai

Website

https://cpsmumbai.org

Company type

Private

Founded year

1912

Operating status

Operating

Headcount range

11–50 employees

Short description

The College of Physicians and Surgeons (CPS) is a Mumbai-based nonprofit postgraduate medical education institution founded in 1912 that administers FCPS Fellowship and Diploma examinations, lecture series, and e-learning programmes to MBBS graduates across India, with credentials recognized in multiple Indian states and Malaysia.

Ownership category

akta.pro rank

Product category

Postgraduate Medical Education

NAICS

Colleges, Universities, and Professional Schools (6113), Professional and Management Development Training (611430)

SIC

Services-Educational Services (8200)

akta.pro industry

PRIMARYEDAAALAC

Healthcare Clinical Professions (CME/CE for Nurses, Allied Health, Pharmacy)

Education/Adult & Continuing Education/Professional Licensure & Continuing Professional Education (CE/CPE)

SECONDARYEDADACAF

Continuing Education (CE/CPD) & Provider Accreditation Bodies

Education/Education Administration, Accreditation & Policy/Accreditation Bodies (Institutional & Programmatic)

Keywords

• Postgraduate medical education
• Medical fellowship programs
• Clinical diploma courses
• Medical simulation training
• Medical examination services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Examination Fees: CPS generates revenue by charging examination fees for Diploma and Fellowship (FCPS) courses. Fees are non-refundable and vary by course type. Students submit forms online and pay fees through the CPS portal or via Demand Draft.
2. Fellowship Membership Renewal: Fellows are required to renew their CPS membership every 10 years by paying a renewal fee of Rs. 1,000. Failure to renew results in removal from the electoral roll.
3. Convocation Fees: Graduating students pay convocation fees upon degree/diploma conferral. Fee varies by programme and attendance mode (in-person vs. in-absentia).
4. SIMBEGIN Training Programme Fees: CPS charges fees for its SIMBEGIN international certification courses in medical simulation. Level 1 at INR 27,000 + GST (early bird INR 25,000 + GST); Level 2 at INR 50,000 + GST (early bird INR 48,000 + GST).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

The College of Physicians and Surgeons of Mumbai (CPS) provides postgraduate medical education through Fellowship (FCPS) and Diploma programmes for MBBS graduates, administered via the NEET-PG-CPS centralized admission process. It conducts two examination cycles per year, offers lecture series and an e-learning portal, and runs specialized international simulation certification courses (SIMBEGIN) in collaboration with Laerdal and SAFER, along with UK Royal College (MRCOG/MRCPCH) programmes through partner hospitals.

Differentiator

Problem solved

Functional benefit

Products and services

• FCPS Fellowship Programme 36-month postgraduate Fellowship (FCPS) programme across clinical disciplines for MBBS graduates, awarded through CPS-administered examinations and recognized by multiple State Medical Councils in India.
• CPS Diploma Programme 24-month postgraduate Diploma courses in clinical specializations for MBBS graduates, awarded through CPS-administered examinations and recognized by State Medical Councils.
• SIMBEGIN Level 1 - International Certification Course in Simulation Foundational international certification course in medical simulation covering facilitation, scenario design, debriefing, and practical application, offered to medical educators in collaboration with Laerdal and SAFER.
• SIMBEGIN Level 2 - Advanced Simulation Certification Advanced simulation certification course delivered through four virtual sessions by international faculty, with mentor programme, for medical educators seeking higher-level simulation competencies.
• UK MRCOG / MRCPCH Programme Programme enabling Indian doctors to prepare for and take UK Royal College examinations (MRCOG in Obstetrics & Gynaecology; MRCPCH in Paediatrics and Child Health) hosted in India in partnership with Cloudnine Hospital and BAPIO.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and flagship.

• LaerdalcoreStrategic or Co-development Partner · 18 February 2026CPS has partnered with Laerdal (a global leader in medical simulation equipment and training) to co-organize the SIMBEGIN International Certification Course in Simulation. Laerdal provides simulation expertise and technology for the programme, which aims to build foundations in simulation-based medical education in India.
• SAFERcoreStrategic or Co-development Partner · 18 February 2026CPS collaborates with SAFER (likely a simulation or medical education organization) as a co-organizer of the SIMBEGIN International Certification Course in Simulation. SAFER contributes to curriculum design, scenario development, and debriefing training for the certification programme.
• BAPIO (British Association of Physicians of Indian Origin)flagshipStrategic or Co-development Partner · 8 February 2024CPS has partnered with BAPIO and Cloudnine Hospital to offer UK MRCOG (Membership of the Royal College of Obstetricians and Gynaecologists) and MRCPCH (Membership of the Royal College of Paediatrics and Child Health) programmes in India for the first time. This enables doctors to take Royal College examinations in Obstetrics & Gynaecology and Paediatrics without leaving India.
• Cloudnine HospitalflagshipStrategic or Co-development Partner · 8 February 2024Cloudnine Hospital serves as the host institution for the UK MRCOG/MRCPCH programme offered in association with BAPIO and CPS. The programme enables doctors to prepare for and take Royal College UK examinations in India, facilitated by Cloudnine's infrastructure and CPS's academic credentials.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Others

• Royal College of Obstetricians and Gynaecologists (RCOG): UK Royal College whose MRCOG examination is being delivered in India for the first time through the CPS-BAPIO-Cloudnine partnership announced in February 2024. RCOG is both a partner and a global credentialing alternative that could eventually compete with CPS for the Indian OB-GYN postgraduate market.
• Royal College of Paediatrics and Child Health (RCPCH): UK Royal College whose MRCPCH examination is being delivered in India through the same CPS-BAPIO-Cloudnine partnership as MRCOG. Like RCOG, RCPCH is both a strategic partner enabling CPS to expand internationally and a global credentialing authority whose UK qualification can compete with or complement CPS's Indian PG diplomas.
• Cloudnine Hospital: Indian hospital chain that serves as the host institution for the UK MRCOG/MRCPCH program delivered with CPS and BAPIO. Cloudnine provides the physical clinical training infrastructure and represents the private healthcare delivery partner that CPS relies on to deliver international programs at scale.
• King Edward Memorial (KEM) Hospital and Seth G.S. Medical College: One of CPS's key affiliated training institutions in Mumbai, hosting CPS students for their 24/36-month clinical training. As a leading government medical college, it represents the institutional infrastructure that CPS depends on and is part of the broader Maharashtra PG medical training ecosystem.
• Laerdal Medical: Global leader in medical simulation equipment and a core strategic partner with CPS for the SIMBEGIN International Certification Course in Simulation (launched 2026). Laerdal is a critical enabling partner for CPS's push into simulation-based medical education, providing both technology and curriculum expertise.
• Maharashtra University of Health Sciences (MUHS): MUHS is the regulatory body overseeing university-affiliated MD/MS and other postgraduate medical programs in Maharashtra. It represents the traditional university pathway that competes with CPS's council-administered FCPS/Diploma qualifications, and is the de facto counterpart to CPS in the Maharashtra medical education ecosystem.
• British Association of Physicians of Indian Origin (BAPIO): UK-based association of Indian-origin physicians that is CPS's flagship partner for delivering UK Royal College MRCOG and MRCPCH programs in India. BAPIO provides the UK-side facilitation that allows CPS to offer these international credentials domestically, and is a strategic ally for CPS's internationalization push.

Direct peers

• National Board of Examinations in Medical Sciences (NBEMS): NBEMS administers the Diplomate of National Board (DNB) qualification, which is the closest direct alternative to CPS's FCPS for Indian MBBS graduates seeking postgraduate medical credentials. Both institutions serve the same persona (post-MBBS students), follow a similar exam-and-training model, and compete for recognition at the same State Medical Councils — making NBEMS CPS's single most comparable peer.
• Christian Medical College (CMC) Vellore: CMC Vellore is one of India's premier private postgraduate medical institutions, offering MD/MS, Diploma, and superspeciality programs to post-MBBS students. It competes with CPS for high-caliber medical graduates seeking recognized specialty qualifications and is a comparable destination for clinical training.

Regional players

• Sri Ramachandra Institute of Higher Education and Research: A deemed university in Chennai offering MD/MS, Diploma, and other postgraduate medical programs. While primarily university-based, it competes with CPS for postgraduate medical students in South India, particularly Tamil Nadu where CPS also holds recognition.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/live/Ou33Y7vHGEk
• Facebookfacebook.com/cpsmumbai1912
• LinkedInlinkedin.com/company/college-of-physicians-surgeons-mumbai

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about The College of Physicians and Surgeons (CPS)