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Rainbow Childrens Medicare Ltd.

BSE: 543524 Sector: Health care
NSE: RAINBOW ISIN Code: INE961O01016
BSE 00:00 | 17 Aug 594.40 -6.70
(-1.11%)
OPEN

586.00

HIGH

600.00

LOW

586.00

NSE 00:00 | 17 Aug 595.80 -6.00
(-1.00%)
OPEN

595.00

HIGH

600.00

LOW

585.30

OPEN 586.00
PREVIOUS CLOSE 601.10
VOLUME 12777
52-Week high 607.95
52-Week low 410.00
P/E 42.31
Mkt Cap.(Rs cr) 6,033
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 586.00
CLOSE 601.10
VOLUME 12777
52-Week high 607.95
52-Week low 410.00
P/E 42.31
Mkt Cap.(Rs cr) 6,033
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Rainbow Childrens Medicare Ltd. (RAINBOW) - Company History

The Company was originally incorporated as `Rainbow Children's Medicare Private Limited' under as a Private Limited Company pursuant to a Certificate of Incorporation dated August 7 1998 issued by the Registrar of Companies Hyderabad at Telangana. Subsequently Company was converted into a Public Limited Company and name of the Company was changed to `Rainbow Children's Medicare Limited' pursuant to a Special Resolution passed by Shareholders of the Company on November 3 2021 and a fresh Certificate of Incorporation was issued by the RoC on November 20 2021 under the Companies Act 2013. The Company is a leading chain of multi-specialty pediatric and obstetrics & gynecology hospitals in India operating 14 hospitals and three clinics in six cities with a total bed capacity of 1500 beds five of which are NABH-accredited and three of which have 183 received EDGE certification. The core specialties are Pediatrics and Obstetrics & Gynecology and emergency services. Its Pediatric Services include newborn and pediatric intensive care pediatric multi-specialty services pediatric Quaternary care (including multi-organ transplants); whereas Obstetrics & Gynecology services include normal and complex obstetric care multi-disciplinary fetal care perinatal genetic and fertility treatment.Rainbow has been pivotal in saving thousands of children. Its inpatient specialties for child care includes Neonatology Pediatric Intensive Care Neonatal Intensive Care Neurology Gastroenterology Nephrology Hematology and Oncology Pediatric Surgery Cardiology and Nutrition. The Company was founded on a model of full-time exclusive doctor led 24/7 pediatric healthcare delivery and a significant number of doctors have experience with this same model while training in other countries such as the United Kingdom United States Canada and Australia. It also established robust patient retrieval services in and around Hyderabad to retrieve neonates and children from nearby districts to the hub hospital in Hyderabad.Apart from this the Company follow a doctor engagement model whereby most of the core specialists work exclusively at hospitals on a full-time retainer basis. This model ensures that most of core specialists are available 24/7 at the hospitals which is particularly important for children's emergency neonatal and pediatric intensive care services. Rainbow Children's Hospital and BirthRight by Rainbow is an exclusive woman and child care hospital with a nationwide footprint. Its full-spectrum consultant-led woman and child care services are driven by 22 years of experience and have transformed the lives of women and children across the cities of Hyderabad Vijayawada Bengaluru Delhi Chennai and Visakhapatnam.In 1999 Dr. Ramesh Kancharla the founding Promoter of the Company established first pediatric specialty hospital in 1999 with a 50-bed pediatric hospital in Hyderabad to address the opportunity to provide pediatric healthcare in the City of Hyderabad. The aim was to provide comprehensive neonatal pediatric intensive care and pediatric sub-specialty services to children. Since then under the leadership of Dr. Ramesh Kancharla Founding Promoter it established reputation as a leader in multi-specialty pediatric services with strong clinical expertise in managing complex diseases. The Company has also expanded its operations to include obstetrics and gynecology services whereby it offer comprehensive perinatal services to patients.In 2005 the Company expanded Banjara Hills Facility to Pediatric Tertiary Care Centres. In 2007 the Company Established Hospital at Vijayawada. It started perinatal services by providing comprehensive perinatal care which was backed by teamwork round the clock availability of obstetricians anesthesiologists neonatologists and maternal intensive care services.In 2009 the Company established Hospital at Vikrampuri.In 2010 the Company inaugurated Opening of outpatient clinic at Madhapur. It established IVF hub at Madhapur and hospital at Kondapur.In 2015 the Company established hospitals at Hydernagar and Marathalli respectively.In 2016 the Company established Hospitals at Bangalore and Hyderabad.In 2017 Madhukar Rainbow Hospital at New Delhi commenced operations.In 2018 the Company established Hospital at Guindy in Chennai.During the year 2019 the Company started outpatient and IVF facility at Kondapur. It commenced commenced providing pediatric Quaternary Care Services at Banjara Hills in Hyderabad.In 2020 the Company established hospitals at Bengaluru and Vizag.In May 2021 the Company moved from an old facility to a new facility for its hospital at Vikrampuri in Hyderabad. The Company has been recognized as one of the most advanced super specialty tertiary care hospital for Women and Children in the country and quality of the work is often recognized by influential organizations and media institutions. Among many things it has won accolades for exceptional patient outcomes dedicated patient care and patient centric approach and leadership. Here are some of the awards and recognitions summarized chronologically Rainbow Hospitals has garnered over the years since its inception in 1999.In 2010 Rainbow Children's Hospital Hyderabad received CNBC ICICI Lombard Award for Specialty Hospital Pediatrics.In 2014 the Company was awarded a Certificate of Recognition for the Project Rainbow digital at 4th Annual Healthcare Leaders' Awards.In 2015 the Company received Award for e-Best Hospital in Paediatric & Gynaecology Care at the Asia Healthcare Excellence Awards. Rainbow Hospital for Women & Children Hyderabad was awarded for excellence in innovative product / service in healthcare with highest societal impact by the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry.During the year 2016 the Company was awarded a Certificate of Merit for The Best Mobile App at World Marketing Congress. Rainbow Hospital India was awarded a Guinness World Records for the largest gathering of people born prematurely achieved by the Company in Hyderabad Andhra Pradesh India on November 17 2016. BirthRight by Rainbow was awarded the 'Best Hospital of the Year' in Gynecology at Times Healthcare Achievers Telugu States. Rainbow Children's Hospital was awarded the Best Hospital of the Year in Pediatrics at Times Health Achievers Telugu States.In 2017 Company was awarded the Best Single Specialty Hospital at World Health & Wellness Congress & Awards. Rainbow Children's Hospital Hyderabad was awarded a `Scroll of Honour' for excellence in teaching of DNB Programme/ NBE Accredited Hospital by Association of National Board Accredited Institutions.In 2018 BirthRight Fertility Centre by Rainbow Hospitals was awarded the Best Multi speciality Hospital in Fertility & IVF Category Award at Times Excellence Award. BirthRight by Rainbow Hospitals was awarded India's No.1 Obstetrics Hospital by the Times of India.In 2019 Rainbow Children's Hospital was awarded Best Hospital of the Year 2019 in Pediatrics at Times Healthcare Achievers Telugu States. BirthRight by Rainbow Hospitals was awarded the Best Hospital of the Year 2019 in Obstetrics and Gynecology Award at Times Healthcare Achievers Telugu States. BirthRight Fertility Centre by Rainbow Hospitals was ranked number three in Fertility & IVF category (Multi-Speciality Hospital) in Hyderabad by Times Excellence Award.In 2020 Company was certified as a great workplace by Great Place to Work Institute India. It bagged the Healthcare Leadership Award at Karnataka Healthcare Leadership Awards 2020.In 2021 Rainbow Children's Hospital was awarded as the Best Standalone Pediatrics Hospital in India by The Week.

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