Incorporated in 2010, Krsnaa Diagnostics Ltd is one of the fastest-growing diagnostic chains in India. The company offers a wide range of diagnostic services such as imaging/radiology services (X-rays, MRI, etc.), routine clinical laboratory tests, pathology, and tele-radiology services to private and public hospitals, medical colleges, and community health centres.
The firm has an extensive network of diagnostic centres across India with a key focus on non-metro, and lower tier cities and towns. As of December 31, 2020, it operates 1,801 diagnostic centres that are offering radiology and pathology services across 13 different cities in India. In fiscal 2020, the business has served 5.27 million patients.
Competitive Strengths:
Differentiated diagnostic service provider company in India.
A comprehensive range of diagnostic services i.e. imaging, pathology, etc.
Strong brand equity with quality healthcare services at affordable prices.
Extensive market footprint in 13 states across India.
Consistent financial performance track record.
Company Promoters:
Rajendra Mutha is the promoter of the company.
Company Financials
Particulars
For the year/period ended (₹ in million)
Summary of financial Information (Restated Consolidated)
31-Dec-20
31-Mar-20
31-Mar-19
31-Mar-18
Total Assets
6,345.17
6,299.82
5,289.85
2,899.65
Total Revenue
5,627.01
2,713.79
2,143.15
1,104.60
Profit After Tax
1,959.30
(1,119.51)
(580.57)
(601.57)
Objects of the Issue:
The net proceed from the IPO will be utilized for the following purposes;
To finance the cost of establishing diagnostics centres at Punjab, Karnataka, Himachal Pradesh, and Maharashtra.
Repayment/pre-payment of firm's borrowings fully or partially.
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