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Aster DM Healthcare India
Separated in 2024, the Indian business of Aster is a leading integrated healthcare provider offering a network of hospitals, clinics, pharmacies, diagnostic labs, and digital health solutions across…
About Aster DM Healthcare India
The story begins in 1987, not in India, but in Dubai. Dr. Azad Moopen, a physician and entrepreneur, established a single clinic with a vision to provide quality healthcare. This solitary clinic was the seed for what would grow into Aster DM Healthcare, a network spanning hospitals, clinics, and pharmacies. The company's Indian entity was formally incorporated in 2008, setting the stage for a dual-market presence. A key turning point for the company was its Initial Public Offering (IPO) in February 2018, listing on Indian stock exchanges. This event provided the capital for further expansion and solidified its position in the public markets. The business operated an integrated model across the GCC and India, leveraging its presence in the Gulf to support growth in its home country. Recently, Aster DM Healthcare went through a significant strategic shift. In 2024, the company completed the separation of its India and GCC businesses. A consortium of investors acquired a majority stake in the GCC operations, while the founding Moopen family retained a significant stake in both the independent Indian and GCC entities. This demerger was designed to allow each business to focus on its distinct market and unlock further value, positioning the Indian arm to concentrate on its domestic growth and expansion plans.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 1987
- Headquarters
- Bengaluru, India
- Listing
- IPO 2018
- Employees
- 244
- Open positions
- 2
- Dealroom signal
- 64.9/100
- Industry
- Health
- Sub-industry
- Health Platform
- Sector
- Health Tech & Medtech, Travel, Vacation, Hospital
- Business model
- Manufacturing
- Client focus
- b2c
- Investment activity
- 5 companies, latest Jul 2026
- Capital deployed
- $2.6M
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| POST IPO EQUITYOther financing | Jun 2024 | $183M | — | Undisclosed | ↗ |
| POST IPO EQUITYOther financing | Mar 2023 | $0 | — | Dr. Moopen Family Office | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 2026 | $631M | +12.2% | $134M | 21.3% |
| 2025 | $562M | +11.9% | $122M | 21.7% |
| 2024 | $502M | -69% | $185M | 36.7% |
| 2023 | $1.6B | +16.4% | $223M | 13.8% |
| 2022 | $1.4B | +19.1% | $208M | 14.9% |
| 2021 | $1.2B | -1.5% | $153M | 13.1% |
| 2020 | $1.2B | — | $170M | 14.3% |
Growth signals
Latest recorded traffic for Aster DM Healthcare India is 88K monthly website visits, up 417.6% over the last three months. Aster DM Healthcare India's team declined 98.3% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
CARE Hospitals GroupHyderabad, IndiaBest Multispecialty Hospital in Hyderabad, India - CARE Hospitals
$800Mvaluation
AlfaOneLos Angeles, United States
$11Mvaluation
Dr. Ramesh Cardiac & Multispecialty HospitalIndiaMulti-super specialty healthcare with a focus on cardiology
→
Aster DM Healthcare GCCDubai, United Arab EmiratesIntegrated healthcare network operating hospitals and clinics
→
CD
Cantown Infra DevelopersErnakulam, India
$1.9Mvaluation
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later3 investors entered at this stage
True North Managers
Axis Bank- DODr. Moopen Family Office
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Aster DM Healthcare India on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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