Business Description:The majority of India's population resides in semi-urban and rural areas, whereas most of the healthcare facilities are in metro and urban areas. Vaatsalya intends to eliminate this gap in health inequity by creating India's first network of hospitals exclusively in semi-urban and rural areas and bringing urban healthcare facilities and services to non-urban areas.
Vaatsalya's goal is to integrate efficient healthcare delivery practices with community based health plans and bring affordable, efficient and standardized medical services to semi-urban and rural India. Vaatsalya will redefine healthcare in India by creating the largest primary and secondary care healthcare network in the country, with special focus on preventive care.
We identify locations with approximately 1-2 lakh population which have the need for healthcare facilities and build a hospital in the area. We also identify local doctors or doctors who are willing to relocate to these areas. We equip and staff these hospitals.
At present we have hospitals in Hubli, Gadag, Karwar and Bijapur (North Karnataka) and are expanding to other locations across Karnataka and neighboring states.
Industry:Healthcare/ Pharma
Founded in:2004
Source of idea:Discovered by chance
Significant Competitors:Government Hospitals, Mom & Pop Nursing Homes
Company Details :
Company Name:Vaatsalya Healthcare
HeadQuarters:Bangalore
Stage of the company:Scaling up
No of Employees (2006):51-100
No of Employees (2007):101-300
Office Locations(2006):2-5
Office Locations(2007):2-5
No of companies promoted:No
Profits (2006):
Profits (2007):
>Partnerships:
Initial Funding:Family & friends
Addl Funding:Venture capital
Institutitional Capital:Yes
Revneue Model:Through clinical, diagnostic and pharmaceutical services
Awards & honors:-Winner - Business in Development Challenge India 2007
-Social Impact Fellow, Veerendra Hiremath
-Represented India in Global BiD challenge, Netherlands
Promoters Details :
Promoters Name(s):Ashwin Naik
Age:35
HomeTown:Bangalore
Education:Masters
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Business Development at Triesta Sciences
Ex-Job Description:Developing
Favorite Book/Movie:Oceans 11
