Incorporated in 2010, Dr. Agarwal’s Health Care Limited is one of India’s leading providers of comprehensive eye care services. The company offers a wide spectrum of treatments, including cataract and refractive surgeries, consultations, diagnostics, non-surgical treatments, and the retail sale of optical products, contact lenses, accessories, and eye care-related pharmaceutical items.

Clinical Scale and Performance
As of September 30, 2024, the company had a team of 737 doctors delivering care across its facilities. During this period, it served 2.13 million patients and performed 220,523 surgeries. In the six months ended September 30, 2024 alone, the company treated 1.15 million patients and conducted 140,787 surgical procedures, highlighting strong patient volumes and clinical throughput.

Services and Network
Dr. Agarwal’s Health Care provides a broad range of eye care services, including cataract surgeries (such as small incision cataract surgery, phacoemulsification, robotic cataract surgery, and glued intraocular lens procedures), refractive surgeries (LASIK, SMILE, implantable collamer lenses, and PRK), and other specialized surgeries covering retinal treatments, corneal transplantation, oculoplasty, glaucoma, and pterygium. As of September 30, 2024, its Indian network comprised 28 hubs (including three Centres of Excellence) and 165 spokes, operating across 193 facilities in 117 metro and non-metro cities spanning 14 states and four union territories.

Competitive Strengths
The company’s competitive advantages include its position as the largest eye care services provider in India, a trusted and established brand, a comprehensive end-to-end service offering, and a scalable, asset-light hub-and-spoke operating model. Its proven clinical excellence is driven by doctor-promoters, a strong clinical board, continuous surgical innovation, and an experienced management team, supported by a consistent track record of organic growth, successful acquisitions, and improving profitability.