Shobana Kamineni, Executive Chairperson of Apollo HealthCo, has made a bold prediction that the company’s turnover will soon surpass that of Apollo Hospitals. This statement was made at the CNBC-TV18’s Future Female Forward event in Bengaluru, where Kamineni emphasized the company’s trajectory towards digital healthcare and retail pharmacy. Apollo HealthCo is a subsidiary of Apollo Hospitals Enterprise Ltd, established after a demerger that separated the digital healthcare platform Apollo 24/7 and the retail pharmacy business into a distinct entity.
The demerger is part of a broader plan to raise external capital and achieve substantial growth. Apollo HealthCo aims to reach 100 million registered users and a revenue target of ₹12,000 crore within four years, with the goal of becoming a leader in India’s digital healthcare landscape. To achieve this, the company has received significant investments, including a $300 million infusion from Advent International. This investment is expected to fuel the growth of Apollo 24/7 and the pharma distribution business, with expectations to increase EBITDA from 1.5% to 7-8% as the digital healthcare business completes its investment phase.
Kamineni’s prediction suggests a transformative shift towards digital healthcare and retail pharmacy within the Apollo Group. The company’s expansion plans are ambitious, with a target to double its turnover to ₹25,000 crore by FY27. Apollo HealthCo’s growth is expected to be driven by the increasing demand for digital healthcare services and the company’s ability to leverage technology to provide convenient and accessible healthcare solutions.
The investment from Advent International is a significant boost to Apollo HealthCo’s expansion plans. The company plans to use the funds to enhance its digital healthcare platform, expand its retail pharmacy business, and increase its market reach. With a strong focus on digital healthcare and retail pharmacy, Apollo HealthCo is well-positioned to become a leading player in India’s healthcare industry. Kamineni’s prediction of surpassing Apollo Hospitals’ turnover is a testament to the company’s growth potential and its commitment to revolutionizing the healthcare landscape in India.