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 croreTotal 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: $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 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 9 Sep 2026. · Report a correction