• Shalby gains on appointing chief business officer

    Business
    Shalby gains on appointing chief business officer
    The premier multi-specialty hospital in India is Shalby. It currently runs an Indian-wide chain of 11 multispecialty tertiary hospitals with a total bed capacity of more than 2,000.

    Digital Desk: Following the company's announcement that Parag Agarawal will begin serving as chief business officer on 1 November 2022, Shalby increased 1.91% to Rs 141.10.

    In addition to having graduated from IIT-BHU and the Indian Institute of Management in Ahmedabad, Parag has over 20 years of extensive strategic experience in a variety of fields.

    Prior to joining Shalby, Parag served as senior vice president of IndiaMart and oversaw a team of 2000 employees in the sales and servicing vertical. He was crucial in the growth of IndiaMart during the past seven years and the company's IPO. He had top positions with Aakash Education, HT Media, Heinz India, and Wipro Technologies prior to this.

    Parag will head the company's franchise business, SOCE, and other new strategic initiatives in addition to his significant role at group leadership level in Shalby. He will report to the chairman and managing director.

    The premier multi-specialty hospital in India is Shalby. It currently runs an Indian-wide chain of 11 multispecialty tertiary hospitals with a total bed capacity of more than 2,000.

    The company's standalone profit after tax for the three months ending in September 2022 was Rs 21.8 crore, up 31% year over year. With a 24% EBITDA margin, EBITDA was Rs 43.7 crore. 

    Total sales were reported at Rs 183 crore, up 13.5% year over year (excluding vaccination and covid revenue).