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Metropolis India - About the company

Metropolis India is a public company based in Mumbai (India), founded in 1981 by Sushil Shah. It operates as a Chain of diagnostic centers. Metropolis India has raised $11.7M in funding from Warburg Pincus. The company has 494 active competitors, including 19 funded and 30 that have exited. Its top competitors include companies like Redcliffe Labs, Thyrocare and Dr Lal PathLabs.

Company Details

Chain of diagnostic centers. It offers a comprehensive range of services including clinical laboratory tests and wellness profiles, advanced diagnostic testing, specialized oncology and genetic testing, home sample collection, corporate health check-ups, hospital lab management, clinical trial support, and digital health solutions.
Social
XFacebook
Phone Number
+91 **********
Registered Address
250-D UDYOG BHAVAN HIND CYCLE MARG, WORLI, Mumbai City, MUMBAI, Maharashtra, India, 400030
Key Metrics
Founded Year
1981
Location
Mumbai, India
Stage
Public
Total Funding
$11.7M in 3 rounds
Ranked
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
3,484 as on Jun 30, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Public

Metropolis India's IPO details

Metropolis India got listed on Apr 15, 2019.
Click here to take a look at Metropolis India's IPO in detail
Sign up to download Metropolis India's company profile

Metropolis India's funding and investors

Metropolis India has raised a total funding of $11.7M over 3 rounds. Its first funding round was on 2006. Its latest funding round was a Unattributed round on Sep 11, 2018 for $*****. 8 investors participated in its latest round. Metropolis India has 7 institutional investors and 9 angel investors.

Here is the list of recent funding rounds of Metropolis India:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Sep 11, 2018
1852258
Unattributed
3585077
7441900
1604339
1557365
Jun 2010
6063263
PE
6784318
7015927
8239106
4676689
2006
6965
PE
3184
5092
6302
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Metropolis India's founders and board of directors

Founder? Claim Profile
The founders of Metropolis India is Sushil Shah.
Here are the details of Metropolis India's key team members:

Metropolis India's Board of Directors

Metropolis India's board has 10 active members. Sushil Shah and Ameera Sushil Shah are part of team and Vivek Gambhir, Mihir Jagdish Doshi, Hemant Sachdev, Sanjay Bhatnagar, Subramanian Ranganathan, Anita Ramachandran, Milind Shripad Sarwate and Aparna Chetan Rajadhyaksha are independent board members.
Here is the list of Metropolis India's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
18y 5m
cxesd{o
Team
-
Past
4y 8m
ysihltw
Team
-
Past
9y 7m
bnojnaw
Team
-
Past
5y 2m
boipelg
Investor
pyrncfa
Past
7y 8m
Independent board member
-
Current
8y 1m
fkt{mwp
Independent board member
-
Current
9y 4m
oejqnjs
Independent board member
-
Current
4y 2m
fmqbrxp
Independent board member
-
Current
1y 3m
nzgtxz{
Independent board member
-
Current
8y 9m
lx{wour
Independent board member
-
Current
3y 7m
kekcqfq
Independent board member
-
Current
2y 5m
luzrkea
Independent board member
-
Past
4y 9m
rywk{ae
Independent board member
-
Past
6y 8m
wxkcbpg
Independent board member
-
Past
9y 2m

Metropolis India's employee count trend

Metropolis India has 3,484 employees as of Jun 26. Here is Metropolis India's employee count trend over the years:
Employee count trend for Metropolis India
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Metropolis India's Competitors and alternates

Top competitors of Metropolis India include Redcliffe Labs, Thyrocare and Dr Lal PathLabs. Here is the list of Top 10 competitors of Metropolis India, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Redcliffe Labs
Redcliffe Labs
2018, Noida (India), Series C
Provider of diagnostic healthcare services and preventive health checkups
$116M
81/100
2nd
Logo for Thyrocare
Thyrocare
1996, Mumbai (India), Acquired
Chain of diagnostic and preventive care laboratories centers
$63.6M
80/100
3rd
Logo for Dr Lal PathLabs
Dr Lal PathLabs
1949, Gurugram (India), Public
Chain of pathology and radiology labs
$13.9M
78/100
4th
Logo for MedGenome
MedGenome
2013, Bengaluru (India), Series E
Provider of DNA sequencing, bioinformatics, and multiomics services
$264M
70/100
5th
Logo for Agilus Diagnostics
Agilus Diagnostics
1995, Gurugram (India), Acquired
Diagnostic chain providing quality blood test and full body checkup services
$349M
70/100
6th
Logo for Metropolis India
Metropolis India
1981, Mumbai (India), Public
Chain of diagnostic centers
$11.7M
68/100
7th
Logo for Krsnaa Diagnostics
Krsnaa Diagnostics
2011, Pune (India), Public
Chain of radiology & pathology laboratory centers
$23.6M
66/100
8th
Logo for Suraksha Diagnostics
Suraksha Diagnostics
2005, Kolkata (India), Public
Provider of pathology, molecular diagnostics, and diagnostics imaging services
$49M
62/100
9th
Logo for Vijaya Diagnostic Centre
Vijaya Diagnostic Centre
1981, Hyderabad (India), Public
Chain of diagnostic centers
$7.65M
60/100
10th
Logo for Neuberg Diagnostics
Neuberg Diagnostics
1938, Chennai (India), Seed
Provider of a wide range of diagnostic tests, including pathology, genetic, and preventive health packages
$112M
60/100
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Financials of Metropolis IndiaFY 25 Available

METROPOLIS HEALTHCARE LIMITED, the legal entity associated with Metropolis India, generated more than ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of METROPOLIS HEALTHCARE LIMITED has a compounded annual growth rate (CAGR) of 11% in the last 1 year.

Financial Statement Summary

Metrics
FY 2024-25
FY 2023-24
FY 2022-23
FY 2021-22
FY 2020-21
Income Statement
Revenue
3291
5386
4892
1513
4293
Total Sales
2925
4880
2278
3619
1690
Total Expenses
7422
2618
1065
8754
9760
Operating Expenses
5857
5939
8334
1366
7441
Employee Expenses
6347
6583
5904
2548
6529
Marketing Expenses
8382
2136
7535
9105
4172
Operating Income (EBIT)
6697
6566
4261
5630
3964
Interest Expenses
3661
2797
2034
7529
6542
Expenses from other activities
4796
4852
5072
5267
9418
EBITDA
5507
1865
8152
5197
2158
Taxes
7023
6897
7276
8670
3986
Net Profit
1383
6667
4481
2022
9336
Balance Sheet
Assets
2080
2868
4179
4118
1412
Cash Equivalent
6549
7651
8257
9724
6948
Accounts Receivables
9950
7017
5964
9181
4818
Inventory
2268
2174
5936
8157
9003
Liabilities
7268
1328
9814
3380
6051
Total Debt
6210
8940
3312
2266
2773
Accounts Payable
7330
8311
8610
3130
4167
Equities
7003
4728
5815
9824
8307
Cashflow Statement
Cash from Operating activities
8747
7136
9831
4724
8031
Cash from Investing activities
8488
5261
7098
3663
7060
Net cash from Financing activities
7881
4462
4921
6602
5075

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

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Metropolis India's Latest cap tables and shareholding

Founders (largest shareholder) own 38.06%, Funds own 30.56%, Enterprises own 28.56% and Angels own 0.66%. The net worth of Metropolis India's founders is INR 1,530Cr as of Sep 11, 2018. The cap table displayed below is for METROPOLIS HEALTHCARE LIMITED which is the legal entity associated with Metropolis India.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
38.06%
1,530Cr
5635570
8176908
6936721
2501310
6865475
5433530
5620005
8872020
9104762
6918323
Fund
30.56%
1,230Cr
6636897
5986233
5170836
5735178
0
0
0
0
0
0
0
0
0
0
0
0
Enterprise
28.56%
1,150Cr
3658610
7880005
2934874
7128135
Angel
0.66%
26.3Cr
0
0
0
0
0
0
0
0
0
0
ESOP Pool
2.17%
87.1Cr
49
23
97
97
Total
100.00%
4,020Cr
4319063
5604023
3319157
5777829
Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
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shareholding pattern of this entity
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What documents will you get?
  • Latest Shareholding Summary - Ownership breakdown across founders, investors, and other stakeholders
  • Round-by-Round Cap Tables - Evolution of shareholding across funding rounds
  • Year-on-Year Cap Tables - Dilution trends over time

Metropolis India's Investments and acquisitions

Metropolis India has not made any investments yet. Metropolis India has made 7 acquisitions.
Here is the list of latest three $acquisitions:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Sep 19, 2025
Acquisition
-
Mar 03, 2025
Acquisition
1984
Agra (India)
Dec 09, 2024
Acquisition
2012
Gurugram (India)
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See all acquisitions by Metropolis India

Reports related to Metropolis India

Here is the latest report on Metropolis India's sector:

News related to Metropolis India

lockFilter this list
Media has covered Metropolis India for a total of 2 events in the last 1 year, 2 of them have been about company updates.
•
Indian diagnostic firm Metropolis Healthcare posts 23% Q2 growthTech in Asia•Oct 07, 2025•Metropolis India
•
Metropolis Healthcare Launches TruHealth Cancer Screen 360 in IndiaAsian News International•May 22, 2025•Metropolis India
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FAQs about Metropolis India

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