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{{Infobox company
| name = Metropolis Healthcare
| logo = [[File:Metropolis Healthcare Logo.png|200px|Metropolis Healthcare Ltd.]]
| logocaption =
| num_employees = 4600+ (2021)<ref name="Owler">{{cite news |last1=Raghunathan |first1=Anuradha |title=Owler: Metropolis Lab |url=https://www.owler.com/company/metropolisindia |work=[[Owler]] |date=June 30, 2021}}</ref>
| website = {{URL|https://www.metropolisindia.com}}
| industry = Health and Medical Services
| type = [[Public limited company|Public]]
| traded_as = {{NSE|METROPOLIS}}<br />{{BSE|542650}}
| ISIN = INE112L01020
| ISIN2 =
| area_served = {{Unbulleted list|[[India]]|[[Sri Lanka]]|[[Uganda]]|[[Zambia]]|[[Kenya]]|[[Mauritius]]|[[Ghana]]}}
| key_people = {{Unbulleted list|Dr. Sushil Kanubhai Shah ([[Chairman]])|[[Ameera Shah]] ([[Managing Director]])|Vijender Singh ([[Chief executive officer|CEO]]))}} <ref>https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=11371299</ref>
| services = Health care management
| revenue = {{increase}} [[₹]] 864.76 Crore <br> ([[US$]] 136 million)<ref name="Health Care Radius">{{cite news |title=Metropolis Healthcare records consolidated revenue growth of 12.6% in FY20 |url=https://www.healthcareradius.in/business/26217-metropolis-healthcare-records-consolidated-revenue-growth-of-126-in-fy20 |accessdate=1 June 2020 |publisher=Health Care Radius}}</ref>
| revenue_year = 2021
| assets = {{increase}}US$3.5 billion (2015)<ref name="Forbes">{{cite news |last1=Raghunathan |first1=Anuradha |title=How Ameera Shah powered the rise of Metropolis Healthcare |url=http://www.forbesindia.com/article/asias-power-business-women/how-ameera-shah-powered-the-rise-of-metropolis-healthcare/39879/1 |work=[[Forbes India]] |date=March 25, 2015}}</ref>
| registration =
| founder = Dr. Sushil Kanubhai Shah
| location_city = [[Mumbai|Mumbai, Maharashtra]]
| location_country = [[India]]
| num_locations = 124 clinical laboratories across 7 countries
| alexa =
| native_clients =
| founded = 1980
}}

'''Metropolis Labs''' is an [[India]]n [[Multinational corporation|multinational]] chain of diagnostic companies, with its central laboratory in [[Mumbai]], [[Maharashtra]]. Metropolis Healthcare has a chain of 124 clinical laboratories<ref>{{cite news |last1=Leo |first1=Leroy |title=Diagnostic major Metropolis Healthcare Q2 net profit jumps 44% to ₹43 cr |url=https://www.livemint.com/companies/company-results/diagnostic-major-metropolis-healthcare-q2-net-profit-jumps-44-to-rs-43-cr-11573559520435.html |publisher=[[Livemint]] |date=November 12, 2019}}</ref> and 2400 collection centers across 7 countries including [[India]].<ref name="cnbctv18">{{cite news |last1=Batra |first1=Ekta |last2=Nair |first2=Prashant |title=Metropolis Healthcare's business outlook very positive for FY20, says MD Ameera Shah |url=https://www.cnbctv18.com/healthcare/metropolis-healthcares-business-outlook-very-positive-for-fy20-says-md-ameera-shah-3322671.htm |publisher=[[CNBC TV18]] |date=May 14, 2019}}</ref> The healthcare company was founded in 1980. The company went public in April 2019.<ref>{{cite news |last1=Sultana |first1=Nasrin |title=Metropolis Healthcare lists at 9% premium to issue price |url=https://www.livemint.com/market/stock-market-news/metropolis-healthcare-makes-firm-debut-lists-at-9-premium-to-issue-price-1555302302060.html |publisher=[[Livemint]] |date=April 15, 2019}}</ref>

==History==

Metropolis was founded by Dr. Sushil Kanubhai Shah in 1980.<ref name=":0">{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=11371299|title=Company Overview of Metropolis Healthcare Limited|last=|first=|date=|website=www.bloomberg.com|access-date=2018-11-22}}</ref> The healthcare company was started as a single diagnostic laboratory in Mumbai. Shah's daughter, [[Ameera Shah]] took over the pathology business in 2001. The company started out by partnering with local and regional diagnostic chains, and thereby spreading its reach across the country. Metropolis Healthcare has expanded into new service areas like Clinical Research, Hospital Lab Management and Wellness Solutions, in the past decade.<ref name="thesmartceo.in">{{cite web|url=http://www.thesmartceo.in/magazine/cover-story/startup-school-with-metropolis-healthcare.html|title=SmartCEO – Magazine – Cover Story – STARTUP SCHOOL WITH METROPOLIS HEALTHCARE|publisher=}}</ref> 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 Kenya in 2013<ref>{{cite web|url=https://www.forbes.com/sites/anuraghunathan/2015/02/25/metropolis-chain-of-diagnostics-labs-pushes-for-growth-across-india-and-africa/|title=Metropolis' Chain of Diagnostics Labs Pushes for Growth Across India and Africa|first=Anu|last=Raghunathan|publisher=}}</ref> and Mauritius<ref>{{cite web|url=http://www.business-standard.com/article/pti-stories/metropolis-healthcare-expands-its-footprints-in-mauritius-114101600969_1.html|title=Metropolis Healthcare expands its footprints in Mauritius|agency=Press Trust of India|date=16 October 2014|publisher=|via=Business Standard}}</ref><ref>{{cite web|url=http://www.vccircle.com/news/healthcare-services/2014/01/14/diagnostic-chain-metropolis-expands-overseas-unit-mauritius-eyes|title=Diagnostic chain Metropolis expands overseas with a unit in Mauritius, eyes M&As in Africa|date=15 January 2014|publisher=}}</ref> and Ghana<ref>http://www.thetimesofafrica.com/content/metropolis-healthcare-full-swing</ref> in 2014.

In February 2018, Metropolis partnered with [[National AIDS Control Organisation|National Aids Control Organisation]] (NACO) for a three-year project for diagnosis of HIV at 560 locations in India.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/metropolis-healthcare-plans-to-add-800-centres-10-labs-by-fy19-end/articleshow/63451359.cms|title=Metropolis Healthcare plans to add 800 centres, 10 labs by FY19-end|date=2018-03-25|work=The Economic Times|access-date=2018-11-23}}</ref><ref>{{Cite news|url=https://www.biospectrumindia.com/news/22/10384/naco-partners-with-metropolis-healthcare-for-hiv-viral-load-testing.html|title=NACO partners with Metropolis Healthcare for HIV Viral Load Testing|access-date=2018-11-23|language=en}}</ref> As of 2018, the diagnostic chain consists of 124 clinical laboratories and 2400 blood collection centers<ref name="cnbctv18"/><ref name=":0" /> across India, [[Ghana]], [[Kenya]], [[Zambia]], [[Uganda]], [[Mauritius]] and [[Sri Lanka]].

In October 2019, Metropolis Healthcare acquired four individual laboratories, Doctor's Clinical Laboratory, Iyer Pathology Laboratory, Nagar Pathology Laboratory and Yash Clinical Laboratory, a subsidiary of Dr Lal PathLabs in Surat, Gujarat for INR 18 crore. The acquisition was done in order to expand the penetration of Metropolis's wholly owned subsidiary Desai Laboratories.<ref>{{cite news |last1=K. Tiwari |first1=Ashish |title=Diagnostic firms Metropolis, Dr Lal PathLabs on M&A spree |url=https://www.dnaindia.com/business/report-diagnostic-firms-metropolis-dr-lal-pathlabs-on-ma-spree-2794148 |publisher=[[DNA India]] |date=October 3, 2019}}</ref><ref>{{cite news |last1=Leo |first1=Leroy |title=Metropolis Healthcare buys 4 new labs in Surat |url=https://www.livemint.com/companies/news/metropolis-healthcare-buys-4-new-labs-in-surat-11569952614996.html |publisher=[[Livemint]] |date=October 1, 2019}}</ref>

==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.<ref>{{cite web|url=http://in.reuters.com/article/idINIndia-49651120100625|title=Warburg Pincus invests $85 mln in Metropolis Healthcare|first=Reuters|last=Editorial|publisher=}}</ref> The Shah family purchased the exiting stake from Warburg Pincus for a healthy return on investment.<ref>{{cite web|url=http://www.business-standard.com/article/companies/warburg-pincus-sells-27-stake-in-metropolis-back-to-shah-family-115040900816_1.html|title=Warburg Pincus sells 27% stake in Metropolis back to Shah family|first=Reghu|last=Balakrishnan|date=10 April 2015|publisher=|via=Business Standard}}</ref> The company is backed by several investors including [[The Carlyle Group|Carlyle Group]], CA Lotus Investments,<ref>{{Cite news|url=https://www.fortuneindia.com/enterprise/d-street-beckons-metropolis-healthcare/102522|title=D-Street beckons Metropolis Healthcare|access-date=2018-11-23|language=en}}</ref> and [[Kohlberg Kravis Roberts]] (KKR). In 2015, KKR backed Ameera Shah through {{INRConvert|5.6|b|lk=|year=2015}} promoter debt funding.<ref>{{Cite news|url=https://www.fortuneindia.com/venture/the-kkr-way-to-smart-returns/101625|title=The KKR way to smart returns|access-date=2018-11-23|language=en}}</ref>

In April 2019, the company raises Rs 530 crore from 26 anchor investors, including Small Cap World Fund, Neuberger Berman Emerging Market Equity Fund, Fundsmith Emerging Equities Trust PLC and First State Indian Sub Continent Fund among others.<ref>{{cite news |last1=Shah |first1=Amit |title=Metropolis Healthcare raises Rs 530 crore from anchor investors |url=https://economictimes.indiatimes.com/markets/ipos/fpos/metropolis-healthcare-raises-rs-530-crore-from-anchor-investors/articleshow/68693207.cms |publisher=[[The Economic Times]] |date=April 2, 2019}}</ref>

== Financials ==
In FY 2021, The Metropolis Healthcare revenue grew to reach INR 864 Crore. Despite the Covid-19 outbreak, the company registered 15.1% growth in its revenue for Q4F20 and 15.9% in FY20 adjusting Covid-19 impact.<ref name="Health Care Radius">{{cite news |title=Metropolis Healthcare records consolidated revenue growth of 12.6% in FY20 |url=https://www.healthcareradius.in/business/26217-metropolis-healthcare-records-consolidated-revenue-growth-of-126-in-fy20 |accessdate=1 June 2020 |publisher=Health Care Radius}}</ref><ref>{{Cite web|title=Metropolis Healthcare Profit and Loss Reports|url=https://economictimes.indiatimes.com/metropolis-healthcare-ltd/profitandlose/companyid-16325.cms|access-date=2021-06-30|website=The Economic Times}}</ref>

== Awards and recognition ==
Metropolis was awarded the Diagnostic Services Company of the Year by [[Frost & Sullivan]] in 2010.<ref>{{Cite news|url=https://ww2.frost.com/event/calendar/8th-annual-india-healthcare-excellence-awards/award-categories/past-award-recipients/|title=Past Award Recipients|work=Frost & Sullivan|access-date=2018-11-23|language=en}}</ref> In 2014, it was awarded India's Most Promising Brand by the World Consulting and Research Corporation, which was evaluated by [[Ernst & Young]].<ref>{{Cite news|url=https://www.apnnews.com/metropolis-healthcare-bags-indias-most-promising-brand-award/|title=Metropolis Healthcare Bags "India's most promising brand award"|access-date=2018-11-23|language=en-US}}</ref><ref>{{Cite web|url=http://www.siliconcitynews.com/?p=15239|title=Metropolis Healthcare Bags "India's most promising brand award" – Silicon City News|website=www.siliconcitynews.com|language=en-US|access-date=2018-11-23}}</ref> In 2018 and 2017, [[Managing director|MD]] of Metropolis, Ameera Shah was ranked 36th and 46th respectively, in "India's Most Powerful Women in Business" by [[Fortune India 500|Fortune India]] Magazine.<ref>{{Cite web|url=https://www.fortuneindia.com/mpw/ameera-shah?year=2018|title=Ameera Shah – Most Powerful Women in 2018 – Fortune India|website=www.fortuneindia.com|language=en|access-date=2018-11-23}}</ref><ref>{{Cite web|url=https://www.fortuneindia.com/mpw/ameera-shah?year=2017|title=Ameera Shah – Most Powerful Women in 2017 – Fortune India|website=www.fortuneindia.com|language=en|access-date=2018-11-23}}</ref> in 2015, Shah was awarded as one of the Asia's Power Business Women by [[Forbes]].<ref>{{Cite news|url=https://www.forbes.com/sites/forbesasia/2015/02/25/asias-power-businesswomen-2015-12-to-watch/#673cf3317440|title=Asia's Power Businesswomen, 2015: 12 To Watch|last=Scott|first=Mary E.|work=Forbes|access-date=2018-11-23|language=en}}</ref>

== Philanthropy ==
In April 2017, Metropolis launched a scholarship and mentorship program, called "Medengage", for undergraduate and postgraduate medical students across India.<ref>{{Cite news|url=http://ehealth.eletsonline.com/2017/06/metropolis-healthcare-announces-medical-talent-outreach-programme/|title=Metropolis Healthcare announces medical talent outreach programme|access-date=2018-11-23|language=en-US}}</ref> In July 2017, Metropolis and the PCOS Society of India launched a [[Polycystic ovary syndrome|Polycystic Ovarian Syndrome]] (PCOS) awareness campaign called "Conquer PCOS".<ref>{{Cite news|url=https://www.biospectrumindia.com/news/16/9311/metropolis-healthcare-pcos-society-of-india-launch-conquer-pcos.html|title=Metropolis Healthcare & PCOS Society of India launch 'Conquer PCOS'|access-date=2018-11-23|language=en}}</ref> In August 2018, Metropolis initiated an "Umbrella Handshake" campaign to create awareness about health. The company donated {{INRConvert|2|m|lk=|year=2018}} towards this, and other social welfare initiatives. Metropolis partnered with We Foundation and Red FM, to help in public outreach and campaign awareness.<ref>{{Cite web|url=https://brandequity.economictimes.indiatimes.com/news/advertising/metropolis-healthcares-new-umbrella-handshake-campaign-aims-to-spread-the-message-of-wellness/65447719|title=Metropolis Healthcare's new #Umbrella Handshake campaign aims to spread the message of 'Wellness' – ET BrandEquity|last=www.ETBrandEquity.com|website=ETBrandEquity.com|language=en|access-date=2018-11-23}}</ref>

==See also==
* [[Ameera Shah]]
*[[The Carlyle Group]]
*[[Kohlberg Kravis Roberts]]
*[[National AIDS Control Organisation|National Aids Control Organisation]]

==References==
{{reflist|2}}

== External links ==
* {{Official website|https://www.metropolisindia.com}}

[[Category:Privately held companies of India]]
[[Category:Indian health websites]]
[[Category:1980 establishments in Maharashtra]]
[[Category:Indian companies established in 1980]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Metropolis Lab - Revision history

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