&w=3840&q=100)
Aarthi Scans to invest Rs 350 crore, expand strongly in North India by 2030
Now in its 25th year of operations, Aarthi Scans is also planning to launch an initial public offering (IPO) within the next three years. Simultaneously, the company is preparing to foray into the fitness diagnostics segment to cater to a wider audience.
'We are planning our IPO in the next three years. Every year, we are clocking a growth of around 20 per cent. In FY25, our turnover was around Rs 320 crore, which is slated to cross Rs 375 crore during the current financial year,' said V Govindarajan, founder of Aarthi Scans and Labs. The company has set a target of achieving a turnover of Rs 600 crore in the next four to five years.
Pan-India footprint with a northern focus
Aarthi Scans currently operates 85 branches and 150 collection centres across 18 cities in 11 states, including Tamil Nadu, Karnataka, Telangana, Maharashtra, Delhi, West Bengal, Gujarat, Puducherry, Andhra Pradesh, Kerala, and Haryana. Around 25 branches are located in Chennai alone, with 18 clustered in and around the city.
'Our aim is to add an average of around 10 branches every year. Within three months, we will be starting operations in Uttar Pradesh as well. Of the total branch expansions in the next five years, 90 per cent will be in North India,' Govindarajan said.
From outpatient clinic to diagnostic leader
Govindarajan entered the healthcare sector in the late 1980s by starting a small clinic, Aarthi Clinic—named after his daughter—for his doctor wife in Kovilpatti, Tamil Nadu. The family launched a multispeciality hospital in 1995, followed by a foray into diagnostics in 2000 and the opening of its first centre in Chennai's Vadapalani in 2003.
Today, Aarthi Scans is managed by a family-run team of radiologists: Prasanna Vignesh, Aarthi Prasanna, and Arunkumar Govindarajan.
AI-led transformation and new service verticals
Arunkumar, Govindarajan's son, is spearheading the company's technological transformation. From X-rays and CT scans to brain volumetric analysis, the company has adopted artificial intelligence (AI) across several operations.
'AI is making the job of radiologists easier. Globally too, India has adopted AI better than even some developed nations,' said Arunkumar. He added that the company is in the process of launching fitness diagnostics, a fast-growing segment in India.
Private equity talks and future outlook
Aarthi Scans came into the spotlight in 2022 when reports emerged that Tata Capital Growth Fund, a mid-market private equity fund, was in talks to acquire a minority stake in the company.
'We were in talks with Tata Capital during Covid. We were doing some extremely good business and wanted to rope in a minority investor. Finally, the valuation did not match,' Govindarajan said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
23 minutes ago
- Economic Times
IndusInd Bank shares in focus after board approves Rs 30,000-crore fundraising plan
IndusInd Bank shares will be in focus on Thursday after the bank's board of directors approved a fundraising plan of up to Rs 30,000 crore on Wednesday. ADVERTISEMENT According to an exchange filing, the bank will raise Rs 20,000 crore via debt securities, either in Indian currency or in permitted foreign currencies through private placement. Additionally, it will raise Rs 10,000 crore through equity instruments such as Qualified Institutional Placement (QIP), American Depository Receipts (ADR), or Global Depository Receipts (GDR). The fundraising comes in the backdrop of a $230 million hit to the bank's net worth in the fiscal year ended March 31, due to misaccounting of internal derivative trades over several years. This issue led to the resignations of CEO Sumant Kathpalia and Deputy CEO Arun Khurana in April. The UK-based Hinduja family, which holds a 15.82% stake in the bank and is classified as a promoter group, has now been allowed to nominate up to two directors on the board, following approval from the Reserve Bank of India. Promoters previously had no board representation. IndusInd Bank is currently being run by an executive committee. As per a Reuters report, the bank has shortlisted Rajiv Anand, Rahul Shukla, and Anup Saha as potential candidates for the CEO position. Notably, Saha resigned as Managing Director of Bajaj Finance earlier this week. IndusInd Bank is scheduled to announce its Q1 results on July 28. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)


Hans India
25 minutes ago
- Hans India
Karnataka tops per capita income in India
Bengaluru: Chief Minister Siddaramaiah on Wednesday announced that Karnataka has achieved the highest per capita income in India, citing the Union Finance Ministry data and attributed this accomplishment to the positive impact of his government's guarantee schemes. He reaffirmed his commitment to building a Karnataka, where growth is inclusive and people-centric. "According to Union Finance Ministry data, Karnataka's per capita NSDP (Net State Domestic Product) stands at Rs 2,04,605 — the highest in the country," Siddaramaiah said. "This achievement reflects not only Karnataka's economic strength but also the impact of our Guarantee Schemes, which have boosted incomes, increased purchasing power, and driven inclusive growth across the state," he said in a post on 'X', with " #GuaranteeSarkara #KarnatakaModel". Noting that Karnataka's per capita income was Rs 1,05,697 in 2014-15, the CM said it has now increased by 93.6 per cent in 10 years. "The credit for this achievement goes to the guarantee schemes implemented by our government. By directly providing Rs 4-5 thousand per month, Rs 60-70 thousand per year to every family in the state, we are making every family financially self-reliant," he said.


Mint
25 minutes ago
- Mint
Hero MotoCorp, Crompton Consumer to Radico: 8 Key stocks to trade Ex-date for dividend of up to ₹65 on 24 July 2025
Dividend Stocks: Hero MotoCorp, Crompton Consumer , Radico Khaitan, Cholamandalam Investment and Finance Company, TCPL Packaging, Bliss GVS Pharma Ltd., 20 Microns Ltd., and IVP are among 8 Key stocks to trade Ex-date for dividend of up to ₹ 65 on 24 July 2025 These companies, along with many others, had decided that July 24, 2025, would be the record date for completing the list of eligible shareholders for dividends. To be added to the list of eligible shareholders to receive dividends under the T+1 settlement method, investors had to buy the shares of these companies at least one day before the recording. CROMPTON—The recommended dividend for the fiscal year ending March 31, 2025, by Crompton Greaves Consumer Electricals Ltd is Rs. 3/- (Rupees Three Only) per equity share of Rs. 2/- (Rupees Two Only) (completely paid-up). This dividend is subject to shareholder approval at the next meeting. RADICO—Radico Khaitan Ltd had recommended a final dividend of Rs. 4.00 per share 20 MICRONS—20 Microns Ltd had recommended a final dividend of ₹ 1.25 per share BLISSGVS—A final dividend of Rs. 5 per share had been recommended by Bliss GVS Pharma Ltd. CHOLAFIN—A Final Dividend of ₹ 0.70 per share had been recommended by Cholamandalam Investment and Finance Company Ltd HEROMOTOCO—The board of the two-wheeler firm suggested a final dividend of ₹ 65 per share (face value: ₹ 2) during its May 13, 2025, meeting. The record date is July 24, and the dividend will be approved at the company's 42nd Annual General Meeting. IVP Ltd for a final Dividend of ₹ 1.00 per share TCPLPACK Dividend of ₹ - 30.0000 FIEMIND for Final Dividend - of Rs. - 30.00 HATSUN for Interim Dividend of ₹ 6.00 per share PAUSHAK LTD for the final dividend of ₹ 20.00 er share PRIVISCL Final Dividend - Rs. - 5.00 Sanco Trans Ltd for a Dividend—Rs. - 2.70 Birlanu Ltd for final dividend—Rs. - 30.00 Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.