Startup Atlas · Fertility & IVF Clinics

Indira IVF Unicorn

Indira IVF Hospital Limited ● Mumbai, Maharashtra ● Founded 1988 ● indiraivf.com ↗
Dr. Ajay Murdia · Founder Dr. Kshitiz Murdia · Co-Founder & Whole-Time Director, CEO Nitiz Murdia · Co-Founder & Managing Director Ashish Lodha · Co-Founder Manish Khatri · Co-Founder
UndisclosedTotal funding (tracked)
2Funding rounds
28 Jul 2023Last round

Indira IVF: Financial Breakdown

Figures below are FY2025, consolidated basis, compiled from filings and disclosures — every year cited to its source.

Rs. 1,604.5 crore (operating income)Total revenue · +8.7% YoY
Rs. 297.8 crore (PAT)Net profit · +11.9% YoY

Revenue by fiscal year

050100150200$MRs. 1,217.4 crore: $151.4M151FY2023Rs. 1,476.4 crore: $178.3M178FY2024Rs. 1,604.5 crore (operating income): $189.7M190FY2025

Net profit / loss by fiscal year

010203040$MRs. 183.0 crore (PAT): $22.8M23FY2023Rs. 266.2 crore (PAT): $32.1M32FY2024Rs. 297.8 crore (PAT): $35.2M35FY2025

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY2025 Rs. 1,604.5 crore (operating income) — — Rs. 297.8 crore (PAT) source
FY2024 Rs. 1,476.4 crore — — Rs. 266.2 crore (PAT) source
FY2023 Rs. 1,217.4 crore — — Rs. 183.0 crore (PAT) source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: www.icra.in · Last verified 23 Oct 2026. · Report a correction