About the Company

Chandan Healthcare operates a large diagnostic network in North India, with extensive pathology and radiology services across Jaipur, Uttar Pradesh, and Uttarakhand. As of December 31, 2024, the company has processed over 55.79 lakh tests from about 17.11 lakh patients, mainly generating 70.04% of its revenue from Uttar Pradesh. The network includes one flagship lab, nine central labs, and various accredited centres, offering 1,496 test types. Significant revenue streams come from B2B, B2G, and B2C segments, supported by a cluster-based model for efficiency. Additionally, its subsidiary, Chandan Pharmacy Limited, enhances revenue through sales of pharmaceuticals and FMCG across 31 stores.

Strengths

1. Extensive diagnostic service network across North India.
2. Holds NABL and NABH accreditations ensuring high quality standards.
3. Strong market presence in Uttar Pradesh with significant revenue contributions.
4. Diverse revenue streams from B2B, B2G, and B2C segments.
5. Uses a cluster-based model for operational efficiency and market reach.

Risks

1. High dependence on regional markets, particularly Uttar Pradesh, could pose economic risks.
2. Regulatory changes may lead to increased compliance costs or operational restrictions.
3. Management of an extensive facility network could impact financial stability.
4. Legal and regulatory challenges could affect operational and financial conditions.
5. Technological changes require continuous investment in advanced diagnostic technologies.