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API HOLDINGS LTD Logo

API HOLDINGS LTD

Last Traded Price

₹7.25 ( 0.00 % )

Principles

Company Name API HOLDINGS LTD
Market Capitalization (in Cr) ₹ 4805.14
ISIN No. INE0DJ201029
No. of Outstanding Shares 6240435432
PAN No. AASCA1201E
Face Value ₹ 1.00
EPS ₹ -4.06
PE ratio None
P/S Ratio 0.83
Book value ₹ 4.15
P/BV 1.86
DRHP Filed? Yes
Available on nsdl/cdsl
Sector PHARMA E-COMMERCE
CIN U60100MH2019PLC323444
Registration Date March 31, 2019

Stock Performance

Share Details

COMPANY SNAPSHOT

API Holdings leads India’s digital healthcare revolution with a fully integrated model—pharmacy, diagnostics, telehealth, and supply chain. Supported by seasoned leadership and backed by leading PE investors, its scale is unmatched.

Founded: 31 March 2019; headquartered in Mumbai, Maharashtra

Position: India’s largest digital healthcare platform by Gross Merchandise Value (GMV)

Business Model & Brands

API Holdings operates an integrated, end-to-end model spanning:

  • Online pharmacy (through PharmEasy)
  • Diagnostics (via acquisition of Thyrocare)
  • Teleconsultation & EMR tools (DocOn)
  • Hospital supplies procurement
  • Wholesale distribution (Retailio connects pharmacies & wholesalers)

Major Acquisitions & Partnerships

  • Thyrocare: 66.1% stake acquired in June 2021, making diagnostics a core vertical.
  • Aknamed: pharma supply chain player onboarded in 2021.
  • Strategic PE backing: TPG Growth (8%) and CDPQ (~2%) among investors cleared by CCI.

Leadership & Governance

Founders & MD/CEO: Siddharth Shah, alongside co-founders Hardik Dedhia, Dhaval Shah, Dharmil Sheth & Harsh Parekh.

Board includes: Aditya Puri (former HDFC MD), Ashutosh Sharma, Deepak Vaidya, Vineeta Rai, and Ranjan Pai


INDUSTRY OUTLOOK

India’s digital healthcare sector is rapidly transforming the way healthcare is delivered—offering telemedicine, e-pharmacy, digital diagnostics, health records, and AI-driven tools. The ecosystem is being reshaped by increased smartphone/internet penetration, government initiatives like Ayushman Bharat Digital Mission (ABDM), and rising demand for affordable, accessible care.

Market Size & Growth

  • Market Size (2024): ₹73,000 crore
  • Projected Size (2030): ₹4.2 lakh crore
  • CAGR (2025–2030): ~18%–20%

Segments driving growth:

  • Telemedicine
  • e-Pharmacy
  • Digital diagnostics
  • AI-enabled health tech
  • mHealth (mobile health apps and wearables)

Key Trends

  • Telemedicine normalization post-COVID, including in Tier II/III regions.
  • Integration of health records via platforms like ABHA IDs.
  • Rise in smart wearables
  • Growth of D2C health platforms
  • AI in diagnostics and hospital automation

Summary

India’s digital healthcare sector is poised for exponential growth, enabled by technology, policy, and public-private collaboration. The future lies in building a connected, inclusive, and secure digital health ecosystem that bridges urban-rural gaps while delivering cost-effective care at scale.


LATEST SHAREHOLDING

ShareholderHolding (%)
Naspers Ventures B.V.12.04%
MacRitchie Investments Pte Ltd10.84%
Surbhi Singh (with Universal Trustees Pvt Ltd)6.70%
TPG Growth V SF Markets6.65%
Evermed Holdings Pte Ltd5.86%
A. Velumani4.52%
CDPQ Private Equity Asia4.14%
TIMF Holdings3.13%
Bessemer India Capital3.11%
Others (including founders/retail/institutions)~43.01%
Total100%
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