Krsnaa Diagnostics Limited

Krsnaa Diagnostics Limited operates a diagnostics services business spanning radiology and imaging (X-ray, CT, MRI and related modalities), clinical pathology and laboratory testing, and tele-radiology reporting. The company serves a mix of public-sector hospitals, medical colleges and community health centres as well as private healthcare providers, largely through long-term public-private-partnership (PPP) contracts under which it sets up and runs diagnostic centres on behalf of state governments and public health bodies. Built out over more than a decade, the company had grown to operate a network of diagnostic centres across roughly a dozen Indian states by the time of its public issue, making it one of the more prominent PPP-model diagnostic chains in the country. Its network combines centre-based imaging and lab facilities with a centralised tele-radiology hub that lets radiologists report scans remotely, extending specialist coverage to smaller towns and semi-urban areas that would otherwise lack access to advanced diagnostics. The company's growth approach has centred on winning and renewing government PPP tenders, expanding its centre count in both existing and new states, and using its tele-radiology infrastructure to scale specialist reporting capacity without a proportional rise in on-ground radiologist headcount. This contract-anchored model differentiates it from purely private, cash-pay diagnostic chains and was a key driver of its revenue growth in the years leading up to listing.