History of Aster DM Healthcare Limited

Incorporated in 2008, Aster DM Healthcare Limited offers healthcare services in South Asian and Middle East and North Africa (MENA) regions. Aster DM Healthcare Limited started its journey in 1987 in the UAE, opening a clinic, Al Rafa Poly Clinic, Bur Dubai. Later, by 2001, the company started the first multi-specialty tertiary hospital in Kerala, India, known as MIMS Hospital. Between 2008 and 2010, they expanded to several geographical locations, such as Oman, Kolhapur, Abu Dhabi, etc. They set up pharmacies and community ventures. In 2018, the company went public and got listed on the exchanges. By 2019, Aster DM Healthcare Limited expanded in other regions, including Jordan and Kuwait. They even set up a hospital, Aster Ramesh Hospital, in Vijayawada, Andhra Pradesh, India. In 2021, they set up a few more hospitals in Chennai, Bangalore, Trivandrum, etc. As of March 2023, Aster DM Healthcare Limited has 32 hospitals, 127 clinics, 521 pharmacies and 205 labs located in 7 countries, including India, Saudi Arabia, Oman, Bahrain, UAE, Qatar, and Jordan. In India, they have 17 hospitals, 12 clinics and 257 pharmacies. They served about 19.9 million patients all over the world.

Business Segments of Aster DM Healthcare Limited 

The primary services offered by the company are as follows:

• Primary Care: Under this segment, the company provides primary healthcare services through their hospitals and clinics.
• Secondary Care: Under this, the company offers day care services for minor surgeries at their speciality clinics.
• Tertiary Care: Under this, the company holds various multi-speciality hospitals located in India and various parts of the world.
• Quaternary Care: The company provides advanced medical care in critical specialities through its Medcity hospitals under this business avenue.
• Healthcare Retailing: The company has more than 500 pharmacies located in various countries.
• Diagnostic Laboratories: The company has labs located in various regions, and they offer comprehensive diagnostic services with a home collection option.
• Digital Health: Under this segment, the company offers Telehealth for remote consultations and the MyAster app for appointment management.
• Medical Education: The company offers medical education at their Aster MIMS (Malabar Institute of Medical Sciences) medical college.

As of March 31, 2023, the few subsidiaries of Aster DM Healthcare Limited are as follows:

• DM Med City Hospitals India Private Limited: This is a wholly-owned subsidiary of the company that provides healthcare services. 
• Ambady Infrastructure Private Limited: This wholly-owned subsidiary of the company is engaged in the construction business.
• Malabar Institute of Medical Sciences Ltd: This subsidiary of the company is the medical college in Kerala that also offers healthcare services. The company holds a stake of 76% in Malabar Institute of Medical Sciences Ltd.

Key Personalities of Aster DM Healthcare Limited

Dr Azad Moopen, Founder, Chairman and Managing Director  Dr Azad Moopen is the Managing Director, Founder and Chairman of Aster DM Healthcare Limited. He oversees the company’s overall business operations and is known for steering the strategy and vision. He is also the Director of Kerala State Industrial Development Corporation and NORKA Roots, a state-run agency under the Government of Kerala.