Diagnostic services have become the cornerstone of healthcare, especially for recommending treatments and monitoring post-treatment recovery. The diagnostics industry in India, valued at \u20b9710 to \u20b9730 billion in 2021, is projected to grow at a combined annual rate of 14- 16% to reach approximately \u20b9 920-980 billion in 2023.<\/p>\n\n\n\n
Vijaya Diagnostic recently filed its draft red herring prospectus with the Securities and Exchange Board of India. The company aims t\u043e list its equity shares \u043en the st\u043e\u0441k exchange by offering for sale 3,56,88,064 shares by the selling shareholders.<\/p>\n\n\n\n
The face value of the shares will be \u20b91 each. The company will not receive any proceeds from the offer as all the offer proceeds will be received by the selling shareholders, in proportion to the offered shares sold.<\/p>\n\n\n\n
Founded in 2002, Vijaya Diagnostic is southern India\u2019s largest and fast-growing diagnostic chain, operating as a one-stop-shop for pathology and radiology testing services through its extensive operational network.<\/p>\n\n\n\n
The company has 80 diagnostic centers and 11 reference laboratories across 13 cities and towns in the states of Telangana, Andhra Pradesh, the National Capital Region, and Kolkata.<\/p>\n\n\n\n
The Hyderabad, Telangana-based company offers approximately 740 routine and 870 specialized pathology tests and approximately 220 basic and 320 advanced radiology tests that cover a range of specialties and disciplines.<\/p>\n\n\n\n
The diagnostic giant has implemented a \u2018hub and spoke\u2019 model, whereby specimens are collected across multiple locations within a catchment area or a region for delivery to reference laboratories for diagnostic testing.<\/p>\n\n\n\n
For the fiscal year 2021, Vijaya Diagnostic reported revenues of \u20b93.8 billion and a profit of \u20b9849.11million. Cash generated from operation was\u00a0\u20b91.29 billion, with a return on capital employed of 42%.<\/p>\n\n\n\n
Meanwhile, Vijaya Diagnostic is dependent on third parties to provide testing equipment and reagents. Any failure to continue to do so or recall of existing testing equipment and reagents could adversely affect the business and results of operations.<\/p>\n","protected":false},"excerpt":{"rendered":"
Diagnostic services have become the cornerstone of healthcare, especially for recommending treatments and monitoring post-treatment recovery. The diagnostics industry in India, valued at \u20b9710 to \u20b9730 billion in 2021, is projected to grow at a combined annual rate of 14- 16% to reach approximately \u20b9 920-980 billion in 2023. Vijaya Diagnostic recently filed its draft […]<\/p>\n","protected":false},"author":83,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5747,5748,10444],"tags":[8665,8975],"class_list":["post-124187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-healthcare-stocks","category-ipo","category-others","tag-diagnostics","tag-diagnostics-research"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":180658,"url":"https:\/\/alphastreet.com\/india\/vijaya-diagnostic-shares-dip-as-q3-fy26-revenue-climbs-21\/","url_meta":{"origin":124187,"position":0},"title":"Vijaya Diagnostic Shares Dip as Q3 FY26 Revenue Climbs 21%","author":"Staff Correspondent","date":"February 13, 2026","format":false,"excerpt":"Vijaya Diagnostic Centre Limited (NSE: VIJAYA) shares closed at \u20b9994.55, down about 1.0% intraday, on 13 February 2026 following release of the company\u2019s Q3 FY26 earnings presentation. 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