Aster DM Healthcare Ltd
NSE: ASTERDM BSE: 540975
₹635.15
(0.95%)
Sun, 22 Feb 2026, 07:50 am
Market Cap324.42B
PE Ratio99.32
Dividend0.80
Health Services
Hospital/Nursing Management
24.5KCompany History
1987
- Promoter Dr. Azad Moopen started clinic in Dubai.
1995
- First specialty medical centre launched in Dubai.
2001
- MIMS Kozhikode Hospital commenced operations.
- MIMS Hospital Kozhikode received certificate of merit from Kerala State Pollution Control Board for pollution control.
2005
- Al Rafa Hospital for Maternity and Surgery (now Aster Day Surgery Centre LLC) commenced operations.
2006
- Medcare Hospital commenced operations.
- MIMS Hospital Kozhikode received NABH accreditation.
2008
- Incorporated as DM Healthcare Private Limited on January 18 in Kochi, Ernakulam, Kerala, India.
- India Value Fund III A acquired 28.20% equity share capital.
- Acquired majority stake in PHL Kolhapur.
2009
- Al Raffah Hospital Muscat Oman commenced operations.
2010
- Acquired 100% equity share capital of Affinity Mauritius.
- Al Raffah Hospital Sohar Oman commenced operations.
2011
- Medcare Orthopedics and Spine Hospital Dubai commenced operations.
2012
- Olympus acquired 25.47% equity share capital.
- Conditionally acquired 40.80% equity share capital of Sanad Al Rahma for Medical Care LLC.
- MIMS Laboratory Services received ISO 15189:2007 certification for medical testing.
2013
- Name changed to Aster DM Healthcare Private Limited; fresh certificate issued November 29.
- Acquired 60.35% equity in IHPL, making MIMS subsidiary.
- Medcare Hospital LLC Dubai received JCI accreditation.
- Medcare Orthopaedics and Spine Hospital Dubai received JCI accreditation.
2014
- Acquired operational and management rights in Aster CMC Bangalore via May 12 agreement.
- Aster Medcity inaugurated in Kochi, Kerala.
- Acquired 51% voting rights in Sainatha Hospitals, Andhra Pradesh.
- Acquired 54% stake in Aster Kuwait.
- Acquired 51% stake in Orange Pharmacies LLC Jordan.
- Aster Pharmacy Group received Best Service Performance Brand Award from Dubai Service Excellence Scheme.
2015
- First clinic in Bahrain commenced operations.
- First clinic in Philippines commenced operations.
- Aster Medcity received NABH accreditation for Nursing Excellence.
- Aster Medcity received NABH accreditation.
- Aster Medcity received ISO 22000:2005 certification for food services.
- Aster Pharmacies Group awarded Superbrand status by UAE Superbrands Council.
- Aster Medcity received JCI accreditation.
- Received National Awards for Best Dialysis Service Provider, Best Marketing Campaign, Best Healthcare Entrepreneur from CMO Asia.
- Dr. Ramesh Hospital Labbipet received NABH entry-level accreditation.
- Aster Aadhar Hospital Pune received NABH accreditation.
- Aster Jubilee Medical Complex Dubai received JCI accreditation.
- Al Raffah Hospital Sohar received JCI accreditation.
2016
- Divested stake in Medipoint Hospitals Private Limited, Pune.
- Acquired operational and management rights in DM Wayanad Institute of Medical Sciences via March 4 agreements.
- Increased stake to 70.68% in MIMS.
- Increased stake to 97% in Sanad Medical Care.
- Acquired 51% stake in Dr. Ramesh Hospital.
- Second clinic in Bahrain commenced operations.
- Launched Medcare Women and Child Hospital in Dubai.
- Launched first multi-specialty hospital in Sharjah.
- Received Institutional Bravery Award for 2015 flood relief from Society for Emergency Medicine India.
- Aster Hospital Mankhool, Dubai received JCI accreditation.
- Aster Medcity received Quality Beyond Accreditation Award from Association of Healthcare Providers India.
- Received National Award for Best Healthcare Entrepreneur from CMO Asia.
- Aster Medcity received Dhanam Award 2016 - NRK Brand of the Year.
- Aster Medcity received Distinction in Quality of Service Delivery Award from Asia Healthcare.
- Aster Medcity received Nursing Excellence Award from Association of Healthcare Providers India.
- Aster Medcity received Award for Best Quality Initiative in Healthcare from Asia Healthcare.
- Received Award for Best Marketing Campaign from Asia Healthcare.
- Received National Award for Best Marketing Campaign from CMO Asia.
- Aster Medcity received NABH Certificate of Honor as one of Best & Safest Hospitals in India.
- Aster Medcity received certificate of merit from Kerala State Pollution Control Board.
- Dr. Ramesh Hospital clinical labs received NABL accreditation.
- Dr. Ramesh Hospital Guntur received NABH accreditation.
- Received Qadat Al Tagheer Award for Excellence in Healthcare Sector.
- Received Frost & Sullivan ME growth award for Health Awareness Campaign of the Year UAE.
- Aster Pharmacies Group received Dubai Quality Appreciation Award from Government of Dubai.
- Aster Pharmacy received Best Service Performance Brand Award from Dubai Service Excellence Scheme.
2017
- Entered operation and management agreement with Rashtreeya Sikshana Samithi Trust for Bengaluru hospital.
- Medcare Hospital Sharjah commenced operations.
- Aster Hospital Doha commenced operations.
- Aster CMI won Best Hospitality in Healthcare award from Times Network.
- Aster CMI ranked 23rd nationally, 7th South India, 2nd Bangalore in multi-specialty hospitals by Times Group.
- Aster CMI ranked top in cardiac sciences, nephrology, gastroenterology, neurosciences, urology by Times Group.
- Aster CMI won Asia Healthcare Excellence Award for best hospitality from CMO Asia.
- Dr. Ramesh Hospital won Healthcare Excellence Award for Patient Centricity from FICCI.
2018
- Aster Volunteers held mega medical camp benefiting over 1400 UAE workers for World Health Day.
- Aster Volunteers launched DIVA Programme benefiting over 100 women.
- Aster Pharmacy launched first eco-friendly pharmacy in UAE.
- Won Special Recognition at Arabia CSR Awards.
- Promised INR 15 crore Aster Homes Fund to rebuild Kerala.
- Conducted unique nerve pacing surgery on 7-year-old Kenyan child.
- Conducted mobile clinic in remote villages of Kozhikode District.
2019
- Won Business Excellence Awards by Dubai.
- Launched Aster Finance Service Centre across India.
- Conducted 10km marathon with over 3000 participants.
- Celebrated 33rd Foundation Day.
- Launched Aster Volunteer Mobile Medical Services in Aster Medcity.
2020
- Aster Volunteers handed over 100th Aster Home to 2018 Kerala flood victims.
- Won 6 awards at AHPI in various categories.
- Launched free tele-health consultation service in UAE.
- Announced support package for Kerala to fight COVID-19.
- Aster Pharmacy offered medicines at cost price to COVID-19 stranded visitors in UAE.
- Launched 50-bed critical care Aster Hospital in Muhaisnah, Dubai.
2021
- Aster Volunteers and Geojit Foundation launched field hospital with 100 oxygen beds in Kochi.
- Aster DM Healthcare became organizational member of Self-Insurance Institute of America (SIIA).
- Signed strategic partnership with Roche Diagnostics.
- Launched Pink Parking to mark World Patient Safety Day.
2022
- Completed acquisition of shares in Sri Sainath Multispeciality Hospitals Private Limited.
- Medcare acquired majority stake in Skin 111 Clinics.
- Announced capacity addition and product launch.
- Pharmacy division forayed into Bangladesh market.
2023
- Aster DM Healthcare signed MoU with University of Michigan for collaborative academic efforts.
- Aster launched Narayanadri Hospital in Tirupati, Andhra Pradesh.
- Aster DM Healthcare won 'Hospital Chain of the Year' in National category at ET Healthcare Awards.
2024
- Aster Health partnered with IISc, MICA, and other national institutions to offer advanced medical courses.
- Aster DM Healthcare extended support to Wayanad Landslide victims in Kerala.
- Aster DM Healthcare announced Rs. 250 crore expansion plans for Aster CMI Hospital.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800