Metropolis Lab

Metropolis Healthcare
Private
Industry Health and Medical Services
Founded 1981
Founder Dr. Sushil Shah
Headquarters Mumbai, Maharashtra, India
Services Health care management
Website www.metropolisindia.com

Metropolis Labs is a chain of diagnostic companies, with its central laboratory in Mumbai, Maharashtra.[1] Metropolis Healthcare has a chain of 125 labs and 800 collection centers across India, Sri Lanka, UAE, South Africa, Kenya, Mauritius and Ghana markets in South Asia, Middle East and Africa.

History

Founded in 1981 by Dr Sushil Shah (Chairman, Metropolis Healthcare), Metropolis started out as a single laboratory in Mumbai as Dr Sushil Shah’s Pathology Laboratory. The company started out by forging partnerships with local and regional players and thereby spreading its reach across the country.In the past 10 years, Metropolis has expanded into new service lines like Clinical Research, Hospital Lab Management and Wellness Solutions. [1] Metropolis Healthcare set about in its international expansion in the year 2005 with Sri Lanka being the first market. It further expanded to UAE in 2006 followed by South Africa[2] in 2007, Kenya in 2013 and Mauritius[3] [4] and Ghana[5] in 2014.

Investment & Funding

ICICI Venture invested 35 crore in Metropolis in the year 2006 through its India Advantage Fund. In 2010, Warburg Pincus invested about $85 Million in Metropolis paving a way for ICICI to exit.The Shah family purchased the exiting stake from Warburg Pincus for a healthy return on investment. The family is backed by independent investors including KKR.[6][7][8]

References

  1. 1 2 "SmartCEO - Magazine - Cover Story - STARTUP SCHOOL WITH METROPOLIS HEALTHCARE".
  2. ↑ Raghunathan, Anu. "Metropolis' Chain of Diagnostics Labs Pushes for Growth Across India and Africa".
  3. ↑ India, Press Trust of (16 October 2014). "Metropolis Healthcare expands its footprints in Mauritius" – via Business Standard.
  4. ↑ "Diagnostic chain Metropolis expands overseas with a unit in Mauritius, eyes M&As in Africa". 15 January 2014.
  5. ↑ http://www.thetimesofafrica.com/content/metropolis-healthcare-full-swing
  6. ↑ http://articles.economictimes.indiatimes.com/2006-05-05/news/27440509_1_sushil-shah-metropolis-health-services-india-advantage-fund
  7. ↑ Editorial, Reuters. "Warburg Pincus invests $85 mln in Metropolis Healthcare".
  8. ↑ Balakrishnan, Reghu (10 April 2015). "Warburg Pincus sells 27% stake in Metropolis back to Shah family" – via Business Standard.
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