Latest news with #RCML
Business Upturn
18 hours ago
- Business
- Business Upturn
Rainbow Children's Medicare acquires majority stake in Prashanthi Hospital
By Aman Shukla Published on June 28, 2025, 14:30 IST Rainbow Children's Medicare Limited (RCML) has announced the acquisition of a majority stake in Prashanthi Medicare Private Limited, a reputed 100-bed NABH-accredited hospital in Warangal, Telangana. The acquisition marks a strategic expansion into tier-II cities and enhances RCML's presence in southern India. Established in 2015 by Dr. Prasanthi Macha, Prashanthi Hospital is recognized for excellence in obstetrics, gynecology, neonatology, pediatrics, and minimally invasive surgery. The hospital has built a strong regional reputation and continues to serve as a trusted destination for maternal and child healthcare in Warangal, Telangana's second-largest district. With this acquisition, RCML's total bed capacity increases to 2,035 across 20 hospitals in seven cities. The transaction, valued at approximately ₹32.60 crore (subject to working capital adjustments), is based on 9x estimated FY25 adjusted EBITDA and will be funded through internal accruals and cash reserves. RCML will acquire a 76% equity stake and 100% of the Non-convertible Redeemable Preference Shares (NCRPS), while Dr. Macha and associates will retain a 24% minority stake. Post-acquisition, the facility will operate under a dual brand: Rainbow Children's Hospital for pediatric services and Prashanthi with BirthRight for women's health services. The integration will support RCML's hub-and-spoke model, ensuring efficient referrals and clinical alignment with its Hyderabad tertiary care hub. Ahmedabad Plane Crash Rainbow Children's Medicare Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
07-06-2025
- Business
- Time of India
Cyber thugs impersonate Greenko MD, trick staff into transferring ₹2.7 cr
Hyderabad: In a high-stakes case of corporate impersonation, cyber criminals duped senior executives of Greenko Group into transferring ₹2.7 crore by posing as the company's managing director. The fraud was executed over WhatsApp using the MD's photo and convincing language, leading to two separate fund transfers in June first week before the deception was discovered. Cyberabad cyber crime police have launched an investigation based on a formal complaint from the company. The fraudsters contacted Greenko Group's chief finance officer (CFO), Subrat Das, via WhatsApp using two different mobile numbers. To lend credibility, they used a photograph of MD Anil Kumar Chalamalasetty as the display picture. On June 2, one of the imposters requested an urgent payment of ₹1.95 crore, citing client obligations. Following standard protocol, the CFO relayed the request to chief finance controller Virendra Kasliwal, who instructed senior general manager Sripada Chandra Sekhar to process the transfer. The funds were sent to an account under the name ONITSUKA Developers Pvt Ltd. A similar ploy was executed on June 5, resulting in another transfer of ₹75 lakh to Classic Constructions. The fraud came to light later that day when Chandra Sekhar shared the payment details with the MD's office and it was confirmed that no such request had been made by the real MD. "The actual MD confirmed that the mobile numbers used (956*33** and 752*512**) were not his," a cyber crimes police official said. Based on a complaint from Chandra Sekhar, a case was registered under relevant sections of the Bharatiya Nyaya Sanhita (BNS) for cheating, impersonation, forgery, and conspiracy, along with section 66-D of the IT Act. The Greenko Group has assured full cooperation with the authorities in tracking down the culprits. Fraud at children's hosp foiled In a similar incident, fraudsters impersonated Dr Ramesh Kancharla, chairman of Rainbow Children's Medicare Limited (RCML), attempting to defraud the company of ₹20 lakh. Alerted by the unusual 'tone and tenor' of the messages, RCML's CFO contacted the chairman directly, confirming the scam. No funds were transferred, and a complaint was filed at Banjara Hills police station.
Time of India
30-05-2025
- Time of India
Cyber fraud attempt at Rainbow hospitals thwarted by alert staff
Hyderabad: A cyber fraud attempt targeting Rainbow Children's Medicare Limited (RCML) was successfully thwarted on Thursday after the company's chief financial officer detected suspicious WhatsApp communications claiming to be from the organisation's chairman Dr Ramesh Kancharla. The scamsters had used a new number with Dr Ramesh's display picture (DP) to instruct the hospital to transfer Rs 20 lakh, and provided a bank account of an electronics company with IndusInd Bank's Kishoreganj branch in Ranchi. CFO Vikas Maheshwari received the first message at 9:54 am. When he was told to make immediate payment, the CFO tried to call the number at 1:17 pm. Instead of answering the call, the fraudster messaged: "I am currently in a meeting with govt officials and it's not convenient to talk." "The tone of the message was suspicious. I verified with Dr Ramesh and was told that this message was not sent by him," the CFO said in his complaint to the police. A case was registered under Section 319(2) (cheating by impersonation) of the Bharatiya Nyaya Sanhita (BNS) and Sections 66C and 66D of the IT Act against unknown offender on Wednesday.
United News of India
25-05-2025
- Business
- United News of India
Rainbow children's Medicare consolidate Q4FY25 net profit up 10.7 pc to Rs 565.5 Mn
Hyderabad, May 25 (UNI) Rainbow Children's Medicare Limited (RCML), India's leading pediatric multi-specialty and perinatal care hospital chain, reported a 10.7 percent increase in its consolidated net profit to Rs 565.5 million for Q4FY25 against Rs 510.7 million in the corresponding quarter in the previous year. Consolidated revenue during the quarter rose 8.5 per cent to Rs 3701.1 million as against Rs 3411 Mn in Q4FY24, the Hyderabad-based company said in a release here on Saturday. However, for the full year in FY25, the net profit increased 11.9 per cent to Rs 2442.2 million as against Rs 2182.9 million in FY24 while the revenue during the year stood at Rs 15,158.7 million compared to Rs 12969 in the previous year. Though the capacity beds stood at 1,935 in Q4FY25 and also in Q4FY24, the occupancy of the hospital declined to 46.5 percent from 48.5 per cent in Q4FY24. The Board recommends a final dividend of 30 percent per Equity Share of Face Value Rs. 10 amounting to Rs. 304.7 million [Dividend Rs. 3 per equity share] Rainbow's ongoing network expansion remains firmly on track, enhancing its capacity to reach more communities and serve a broader patient base. This continued growth positions the organization for sustained long-term success and reinforces its commitment to accessible, high-quality healthcare. The regional hub hospital in Rajahmundry (100 beds), is nearing completion and is expected to commence operations by the end of Q1 FY26. The project work at the spoke hospitals in Electronic City (90 Beds) and Hennur, Bengaluru ( 60 beds), is progressing well, with both the hospitals expected to commence operations by end of Q2 FY26. Project work has commenced at the regional hub hospital in Coimbatore (130 beds). The company has performed the groundbreaking at both the land parcels in Sector-44 & Sector 56, Gurugram,NCR. The project work has commenced at both the sites. Rainbow Children's Hospital continues to maintain a robust balance sheet with cash, cash equivalents, fixed deposits, and mutual fund investments totaling Rs. 6,989 Mn as of March 31, 2025. These funds will support our ongoing capital expenditure. With our current cash and anticipated internal accruals in coming quarters, we are well-positioned to complete all planned capital expenditures using internal resources. During the quarter, the company invested Rs. 437 Mn in capital expenditures towards expanding andenhancing our services at existing hospitals. Speaking about the performance for Q4 FY25, Dr. Ramesh Kancharla, Chairman & Managing Director of Rainbow Children's Medicare Limited, said: 'On the operational front, our performance in Q4 is seasonally muted when compared to the stronger results delivered in the second and third quarters of the year'. With a network of over 2,000 beds, including managed facilities, we have a well-balanced mix of established and emerging hospitals. Our immediate focus remains on improving occupancy levels, streamlining operations, and upholding our commitment to exceptional patient care. With this strong foundation in place, I remain confident in our continued growth and success in the quarters ahead, he added. Rainbow Children's Medicare Limited network comprises 19 hospitals and 5 clinics in 6 cities, with a total bed capacity of 1,935 beds. UNI KNR BD
