Startup Atlas · Healthcare Services

NephroPlus Listed

Nephrocare Health Services Limited Hyderabad, Telangana Founded 2010 nephroplus.com ↗

Dialysis-care center chain operating in-clinic, home, and mobile dialysis services plus a dialysis technician/nursing training academy across India, Nepal, the Philippines, and Uzbekistan. Listed on NSE/BSE in December 2025 (as Nephrocare Health Services Limited).

Vikram Vuppala · Founder & CEO Kamal D. Shah · Co-founder Sandeep Gudibanda · Co-founder
$209.8 MnTotal funding (tracked)
8Funding rounds
6 May 2024Last round
Publicly listed · NSE:NEPHROPLUS
₹697.35 -1.34% BSE, as of 04 Sep 26 | 16:00

Valuation

P/E · TTM0.00
P/B7.29

Returns

ROE-1.09%
ROCE5.61%

Per share

Book value96.01

Growth · year on year

Sales+15.85%
Profit-123.54%

Ownership

Promoter holding63.85%

Price and ratios are compiled from the exchange and third-party market data, cached and refreshed through the day — they are not Atlas facts and are not investment advice. Where a ratio is computed on more than one basis (for example standalone versus trailing-twelve-month), each is shown separately rather than averaged into a single number.

55/100
Mixed Atlas Score — computed from 9 published figures
How this score is calculated
Measure Value Scores Source
P/E
What the market pays for each rupee of earnings. Lower is cheaper — but a low P/E can also mean the market expects earnings to fall.
0.00 100/100 Market data
P/B
Price against book value. Most meaningful for banks and asset-heavy businesses; software and consumer brands trade high here for good reasons.
7.29 25/100 Market data
ROE
Return on equity — profit generated per rupee of shareholder capital. Sustained high ROE is the clearest single marker of a good business.
-1.09 0/100 Market data
ROCE
Return on capital employed — the same idea including debt, so it is harder to flatter with leverage.
5.61 25/100 Market data
Profit growth
Year-on-year growth in profit. Weighted above sales growth because profitable growth is the harder thing to do.
-123.54 0/100 Market data
Sales growth
Year-on-year growth in revenue.
15.85 75/100 Market data
Revenue growth · filed
Year-on-year revenue growth computed from the fiscal-year figures we filed ourselves and cited to a real disclosure, not a market data feed.
29.20 100/100 Atlas
Profit trend · filed
Whether profit is improving, from the same filed figures. A swing from loss to profit scores highest; a swing from profit into loss scores lowest; a narrowing loss still scores better than a widening one.
Swung to profit 100/100 Atlas
Promoter holding
How much of the company its founders and controlling group still own. Higher usually means their money moves with yours.
63.85 100/100 Market data

The Atlas Score is our own arithmetic on the published figures above — nothing is hidden and nothing is bought in. It weighs quality and growth at 30% each, valuation at 25% and ownership at 15%, scoring each measure against fixed bands. Growth blends third-party market data with the fiscal-year figures we file and cite ourselves, so a company we have researched more deeply scores on richer evidence. A measure we could not fetch is left out of the average rather than counted as a zero. It is a summary of the numbers, not a recommendation, not a price target, and not advice about your circumstances.

View NephroPlus's live share price on Google Finance ↗

NephroPlus: Funding Rounds

Date Round Amount Investors Source
6 May 2024 Series F $103 Mn Quadria Capital source
4 Jan 2023 Debt ₹69.5 Cr Asian Development Bank source
13 Dec 2021 Series E $24 Mn IIFL Asset Management Bessemer Venture Partners Investcorp source
25 Nov 2019 Series D $45 Mn Investcorp source
24 Aug 2016 Series C ₹100 Cr International Finance Corporation (IFC) SeaLink Capital Partners source
1 Dec 2015 Debt Undisclosed Trifecta Capital source
1 Jun 2014 Series B $10 Mn Bessemer Venture Partners International Finance Corporation (IFC) source
1 Jan 2011 Series A $4.25 Mn Bessemer Venture Partners source

Acquisitions

DateAcquirerAcquiredAmountSource
13 Oct 2020 NephroPlus Royal Care Dialysis Centers, Inc Undisclosed source
5 Nov 2018 NephroPlus DaVita Care India Undisclosed source

Recent Signals

  • 17 Dec 2025 · financial
    Nephrocare Health Services (NephroPlus) lists on NSE and BSE, debuts at a premium source

News on NephroPlus

No coverage of NephroPlus linked yet.

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FAQs on NephroPlus

Who founded NephroPlus?

NephroPlus was founded by Vikram Vuppala, Kamal D. Shah, Sandeep Gudibanda in 2010.

How much funding has NephroPlus raised?

NephroPlus has raised $209.8 Mn across 8 tracked funding round(s), most recently on 2024-05-06. Figures are compiled from cited public sources.

Who are the investors in NephroPlus?

Investors in NephroPlus include Quadria Capital, Asian Development Bank, IIFL Asset Management, Bessemer Venture Partners, Investcorp.

What does NephroPlus do?

Dialysis-care center chain operating in-clinic, home, and mobile dialysis services plus a dialysis technician/nursing training academy across India, Nepal, the Philippines, and Uzbekistan. Listed on NSE/BSE in December 2025 (as Nephrocare Health Services Limited).

Where is NephroPlus headquartered?

NephroPlus is headquartered in Hyderabad, Telangana, India.

What is NephroPlus's business model?

NephroPlus's core value proposition centers on Affordable, high-quality dialysis care, Comfort, care and safety at every step, Redefining dialysis with modern infrastructure.

How does NephroPlus make money?

NephroPlus's cited revenue streams include Dialysis treatment service fees, Government PPP dialysis contracts, International PPP contracts (Uzbekistan).

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: ifc.org hdfcsky.com www.bseindia.com · Last verified 5 Sep 2026. · Report a correction