DIRECTORS
To The Shareholders
Your Directors are pleased to present the TWENTY-EIGHTH ANNUAL REPORT and the audited
statements of accounts for the year ended 31st March 2009.
| Financial Results |
|
(Rs.in million) |
| For the year ended |
31st March 2009 |
31st March 2008 |
| Total Income |
14,803 |
11,516 |
| Profit before Extraordinary Item and Taxation |
1,763 |
1,451 |
| Provision for Taxation |
542 |
433 |
| Net Profit before Extraordinary Item after Taxation |
1,221 |
1,018 |
| Extraordinary Item |
40 |
- |
| Net Profit after Extraordinary Item and Taxation |
1,181 |
1,018 |
| Balance of Profit brought forward |
1,248 |
892 |
| Profit Available for appropriations |
2,429 |
1,910 |
| Appropriations |
|
|
| Dividend (inclusive of dividend tax) |
470 |
412 |
| Transfer to General Reserve |
750 |
250 |
| Balance carried forward to Balance sheet |
1,209 |
1,248 |
Results of Operations
During the year under review, the gross revenue of the Company increased to Rs.14,803
million compared to Rs.11,516 million in the previous year, registering an impressive
growth of 29%. The profit after tax for the year increased by 16% to Rs. 1,181 million
compared to Rs. 1,018 million in the previous year. nancial
During the year under review, the consolidated gross revenue of the Company increased
to Rs. 16,350 million compared to Rs. 12,416 million in the previous year,
registering an impressive growth of 32%. Net profit after minority interest for the group
increased to Rs. 1,025 million from Rs. 771 million representing a growth of 33%.
Consolidated Financial Statements
Your Company has been granted exemption from attaching the financial statements of the
subsidiary companies in India and abroad, to the balance sheet of your Company for the
financial year 2008-2009, under Section 212(8) of the Companies Act, 1956 by the Ministry
of Corporate Affairs (MCA). A statement of summarized financials of all subsidiaries of
your Company, pursuant to the approvals under Section 212(8) of the Companies Act, 1956
forms part of this report. Any further information in respect of the annual report and the
financial statements of the subsidiary companies of your Company will be made available to
the members on request. In accordance with the Accounting Standard, AS-21 issued by The
Institute of Chartered Accountants of India, consolidated Financial Statements presented
by your Company include the information of all its subsidiaries.
Dividend
The Board of Directors recommend a dividend of Rs. 6.50 per Equity Share (65% on par
value of Rs. 10/- each) (as against Rs.6 per Equity Share, 60% in the previous
year) on the paid-up equity share capital of the Company for the financial year ended 31st
March 2009, which if approved at the forthcoming Annual General Meeting on 26th August
2009, will be paid to those shareholders whose names appear in the Register of Members as
at the closing hours of business on 21st August 2009. In respect of shares held in
electronic form, the dividend will be paid on the basis of beneficial ownership furnished
by Depositories viz., NSDL and CDSL for this purpose.
The Register of Members and Share Transfer Books will remain closed from 22nd August
2009 to 26th August 2009 (both days inclusive).
Transfer of Reserves
Your Company proposes to transfer Rs. 750 million to the general reserve out of the
amount available for appropriations. An amount of Rs. 1,209 million is proposed to be
retained in the profit & loss account.
Subsidiaries
Your Company has seven subsidiary companies as on 31st March 2009. The statement in
respect of the details of the subsidiary companies viz., Unique Home Health Care Limited
(UHHCL), AB Medical Centres Limited (ABMCL), Samudra Healthcare Enterprises Limited
(SHEL), Apollo Health and Lifestyle Limited (AHLL), Imperial Hospital and Research Centre
Limited (IHRCL), Pinakini Hospitals Limited (PHL) and Apollo Hospital (UK) Limited (AHUKL)
pursuant to section 212 of the Companies Act, 1956 is attached to this report.
Unique Home Health Care Limited (UHHCL)
UHHCL, a wholly-owned subsidiary of the Company, provides medical and paramedical
services including doctor’s consultation, physiotherapy direct to patient homes and
also offers paramedical service in hospitals to critically ill patients. For the year
ended 31st March 2009, UHHCL recorded a revenue of Rs.10.61 million and net profit of
Rs.4.23 million.
AB Medical Centres Limited (ABMCL)
ABMCL, a wholly-owned subsidiary of the Company, does not have any commercial
operations as it has leased out its infrastructure viz., land, building and medical
equipment to the Company for running the hospital. For the year ended 31st March 2009,
ABMCL recorded an income of Rs. 6.53 million and a net profit of Rs. 3.78 million.
Samudra Healthcare Enterprises Limited (SHEL)
SHEL, a wholly-owned subsidiary of the Company, runs a 120-bed multi-speciality
hospital at Kakinada. For the year ended 31st March 2009, SHEL recorded revenue of Rs.
161.85 million and a net profit of Rs. 14.54 million.
Apollo Hospital (UK) Limited (AHUKL)
AHUKL is a wholly-owned foreign subsidiary of the Company and yet to commence its
operations.
Apollo Health and Lifestyle Limited (AHLL)
AHLL, a subsidiary of the Company, is engaged in the business of providing primary
healthcare facilities through a network of franchised clinics across India offering
specialist consultation, diagnostics, preventive health checks, telemedicine facilities
and a 24-hour pharmacy all under one roof. For the year ended 31st March 2009, AHLL
recorded revenue of Rs. 68.78 million and a net loss of Rs. 22.91 million.
Imperial Hospital and Research Centre Limited (IHRCL)
IHRCL, a 51% subsidiary of the Company, owns a 240-bed multi-speciality hospital at
Bengaluru. For the year ended 31st March 2009, IHRCL recorded a revenue of Rs. 576.50
million and a net loss of Rs. 104.55 million.
Pinakini Hospitals Limited (PHL)
As a part of its startegy to reach out to the tier II towns and cities, the Company
intends to build a hospital in Nellore at a total project cost of Rs. 60 crore
through a subsidiary company, Pinakini Hospitals Limited.
Corporate Social Responsibility
Touching lives is the way of life at Apollo Hospitals. Apollo Hospitals Group is
committed to the well-being of not just the patients, but the society as a whole. The
ultimate aim is to provide quality healthcare to all those who need it.
This is why the hospital has developed a sound and highly transparent management model
that takes the interests of our customers, shareholders, investors, business partners,
employees, communities and government bodies into account to maintain the best in
corporate governance, risk management, corporate ethics and compliance.
Towards this end, several initiatives have been started by the Apollo Hospitals Group.
Initiatives like SACH, SAHI, CURE and DISHA aim to reach out and provide healthcare
measures to the economically backward.
There are a few other initiatives that have been undertaken by Apollo Hospitals like
the free medical camp service provided by the doctors from the group, in association with
a NGO called Vishwas, which caters to the needs of special children. This event was
organised in Sohna village in Haryana. There was also an annual medical camp for U.S.
Embassy employees on the embassy premises undertaken by the doctors of Apollo Hospitals,
free of cost.
The Ambulance services of the hospital was also provided to various cricket matches
held in the city and for high profile events like the Republic Day function in the
National Capital. One of the key schemes undertaken by Apollo Hospitals Group is the
initiative where the doctors of Indraprastha Hospital in association with the Delhi
Government visited 5 neighbouring areas and provided healthcare support to their
residents.
Apart from this Health Talks, CME’s and health screening camps were held across
the Country in association with various Companies like Wipro Technologies Ltd., TVS
Electronics, India Cements Ltd., L&T Infotech, Mahindra Holidays.
"SACH" – The SAVE A CHILD’S HEART programme was conceptualized by
the Apollo Hospitals with the objective of providing surgical treatment to economically
deprived children with congenital and other forms of heart diseases.
Over 200,000 children in India are born with heart diseases every year. 60,000-80,000
of these children have critical heart disease. Most succumb to the disease without
celebrating even their first birthday. And surgery can miraculously and dramatically
transform them into absolutely normal children.
SACH was established in 2003 at Hyderabad and today SACH is the largest voluntary
organisation in Asia that provides care and treatment to underprivileged children
suffering from pediatric heart diseases. This initiative has touched the lives of over
50,000 children so far.
The SACH programme commenced at Chennai in November 2006 and already several complex
surgeries have been performed which transformed the lives of several children with heart
ailments. More than 550 children have been screened and 225 surgeries have been completed
successfully here so far, of which 113 surgeries were done during the financial year which
ended on 31st March 2009.
The SACH team includes highly qualified and well- trained doctors and paramedical staff
from the Apollo Hospitals, with vast experience in treating pediatric heart problems.
Increase in Paid-up Share Capital
During the year, the paid-up share capital of the Company increased from Rs.
586,857,020/- (consisting of 58,685,702 equity shares of Rs.10/- each) to Rs.
602,357,020/- (consisting of 60,235,702 equity shares of Rs. 10/- each) consequent to the
allotment of 1,550,000 equity shares to Smt.Sangita Reddy upon conversion of 1,550,000
warrants issued to her on 22nd August 2008 at a price of Rs. 442.55 per share including a
premium of Rs. 432.55 per share.
On 18th April 2009, the company has also allotted 1,549,157 equity shares to Dr.
Prathap C Reddy, upon conversion of 1,549,157 warrants issued to him at a price of Rs.
497.69 per share including a premium of Rs. 487.69 per share. Consequent to the allotment,
the total paid up equity capital stood at Rs. 617,848,590/- (consisting of 61,784,859
equity shares of Rs. 10/- each).
These shares have been listed at Bombay Stock Exchange Limited (BSE) and National Stock
Exchange of India Limited (NSE), Mumbai.
New Initiatives
Apollo Dialysis Clinics
Apollo Dialysis Clinics, India’s premier out-of-hospital dialysis clinic, provides
high-end dialysis services and is designed to address specific issues that affect dialysis
care in India today. Apollo Dialysis Clinics bring together the cumulative experience of
Apollo Hospitals which has been a pioneer in offering quality dialysis to its patients.
For over 25 years we have been the preferred hospital providing dialysis services at over
20 hospitals in India with close to 150 machines serving over 2,000 patients per year. We
have one of the largest teams of nephrologists in India – with a cumulative
experience of over 400 years in the fields of Clinical Nephrology, Dialysis and
Transplantation.
Trivitron Healthcare is the largest medical technology provider of Indian origin in the
world today. They also have the widest product range across 19 medical specialities
including renal care. Their technical expertise and understanding of renal care
specifications makes them a valuable ally ensuring that at Apollo Dialysis Clinics we
speak the language of patient comfort while touching lives to make a difference.
Apollo Hospitals and Trivitron Healthcare, guarantee world-class dialysis technologies,
personalized service, the expertise of the country’s best Nephrology teams to deliver
360-degree dialystic care in an out-of-hospital ambience. The team of experts at the
Clinics provides prescriptive quality care to every patient. There are personalized
treatment regimens designed to suit every patients’ medical conditions, thereby
accommodating their lifestyles, schedules and other needs. This holistic approach to
health helps in improving the quality of life of the patients with renal disorders.
Recovery along with rehabilitation also plays a major role in the treatment plans.
Apollo Children’s Hospital
Apollo Hospitals Group has stepped into the arena of providing exclusive quality
pediatrics through its Apollo Children’s Hospital. The Apollo Children’s
Hospital is a 100-bed facility situated in the close vicinity of flagship Apollo Hospitals
on Greams Road,
Chennai. The Apollo Children’s Hospital is one of the finest in the country,
complete with an NICU, Isolation ward, three operation theatres, general ward, cheerful
private rooms and tasteful suites. It has some of the most advanced technology, and other
cutting-edge equipment in cardiac and neuro diagnostics. The hospital is staffed with 45
of India’s finest pediatric specialists and over 180 nurses.
With the best possible experience drawn from the state-of-the-art Apollo Centre of
Excellence for Pediatrics, this hospital is bound to take pediatric care to the next
frontier in India.
Apollo Reach Hospitals
Apollo Hospitals Group launched its pioneering initiative to provide world-class
healthcare to semi-urban and rural India through the inauguration of Apollo Reach
Hospitals at Karim Nagar, Andhra Pradesh by Hon’ble Prime Minister of India, Dr.
Manmohan Singh. Located in semi-urban and rural India, every Apollo Reach Hospitals will
be constructed on a land area of around 1 - 2 acres. A cookie-cutter model has been
adopted for speedy roll-out of Apollo Reach Hospitals with a timeline goal of 18 - 24
months from land procurement. Designed as 100 – 150 bed specialty hospitals, each
Apollo Reach Hospitals would also be expandable to 200 beds.
The Group has initiated the construction of hospitals, procurement of land and
identification of cities to set up the first phase of 25 Apollo Reach Hospitals over the
next two years across India.
The focus of services at Apollo Reach Hospitals would include cardiology,
cardio-thoracic surgeries, neurology, nephrology, and orthopedics. State-of-the-art
technology including a complete range of diagnostic modalities such as CT scanner, X-ray,
diagnostic cardiology, neurology, endoscopy systems, comprehensive lab services, blood
bank, etc. is available at the hospital. A dedicated pool of medical professionals,
paramedical and other administrative staff would manage the hospital services.
Support Services planned at Apollo Reach Hospitals are as detailed under:
• 24 X 7 fully-functional Emergency Care Unit
• State-of-art trauma care unit with life-saving modalities
• Well-equipped executive wards
• High-end Critical Care Units backed with life support equipment
• Outpatient clinic with facilities for consultation across departments
• Executive consulting suites
• Health Check-up packages
• Round-the-clock Pharmacy
• Outpatient & inpatient surgery
• Rehabilitation & Physiotherapy department with therapeutic & diagnostic
units
• Hospital on wheels
• Dedicated laboratory services with facility for blood storage
Proceeds of Preferential Issues
The details of utilization of proceeds of Preferential Issues up to 31st March 2009,
are set out in the statement attached herewith as Annexure - A.
Corporate Governance
Pursuant to clause 49 (VII) of the Listing Agreement with the Stock Exchanges, a
separate report on Corporate Governance forms part of the Directors’ Report in the
Annual Report. Your Company is compliant with the requirements of the Listing Agreement
and necessary disclosures have been made in this regard in the Corporate Governance
Report.
A certificate from the Auditors of the Company regarding compliance with conditions of
Corporate Governance as stipulated under clause 49 of the Listing Agreement is attached to
this report.
Human Resources Development
HR’s role as a strategic business partner is pivotal for all the change
initiatives at Apollo. Human Resources are our assets as they are the key drivers for our
sustained growth and success. The services they render at every touch point helps in
enhancing the service excellence to our patients thereby supporting the mission of Apollo
of "touching a billion lives".
Human Resource at Apollo has evolved with employee initiatives across all levels from
Senior Management to grass root level. Building knowledge-sharing practices, creating pool
of process specialists through the interventions of Six Sigma, engaging employees through
various employee-engagement activities have been the areas of key focus.
Knowledge Sharing A knowledge sharing portal for the CEOs titled "The CEO
Handbook" and "The DMS Handbook" for the Medical Administrators have been
developed in-house incorporating the best practices with measures and metrics and the same
has been uploaded in the Apollo’s Light house (in-house on-line forum). This has been
integrated with an on-line balanced scorecard termed as the Apollo Performance Monitor
(APM) to track the performance of individual units.
Six Sigma In our effort to inculcate a high-performance culture, Lean Six Sigma
initiative has been institutionalized. At present there are more than 100 trained Lean Six
Sigma Green Belts and 20 certified Green Belts in our Group. We target to train more than
200 Green Belt Champions and 20 Black Belt Champion this year.
Employee Engagement Engaging employees being the key focus area, a number of
employee-engagement activities was operational. Infotainments, party games, sports
activities were conducted at regular intervals. Two mega infotainment shows were conducted
before the final audit of JCIA. A standardized group induction kit has also been developed
in a video interactive mode to align Apol-lo’s mission and values across hospitals.
Our human resources team strives to align the HR policies with the business goals of
the organization, and also help in creating a performance-driven culture. Various
initiatives such as performance-linked rewards, transparent review process, building a
high-performance work teams have helped in controlling attrition at different levels.
Introduction of new services, additional pharmacies and additional beds have resulted in
the increase of human resources strength at Apollo.
Employee Count The total employee strength as on March 2009 is 19,088 as against
15,927 for the year ending March 2008, an increase of 19.8%. The increase of 3,161
employees is due to the opening of 297 additional standalone pharmacies during the said
year and an increase of 200 beds, coupled with new value-added services in the
hospital division for improving service delivery to the customer.
Directors’ Responsibility Statement
Pursuant to section 217(2AA) of the Companies (Amendment) Act, 2000, the Directors of
the Company hereby state and confirm that:
• In the preparation of the annual accounts for the year, the applicable
accounting standards had been followed along with proper explanations and there were no
material departures;
• The Directors had selected such accounting policies and applied them
consistently and made judgments and estimates that are reasonable and prudent so as to
give a true and fair view of the state of affairs of the Company at the end of the
financial year and of the profit of the Company for that period;
• The Directors had taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the Companies Act, 1956
for safeguarding the assets of the Company and for preventing and detecting fraud and
other irregularities;
• The Directors had prepared the annual accounts on a going concern basis.
Fixed Deposits
The total deposits with the Company as on 31st March 2009 was Rs. 136.15 million
(Rs. 141.33 million as on 31st March 2008) which include deposits for an aggregate of
value of Rs. 4.64 million (Rs. 6.94 million as on 31st March 2008) not claimed by
the depositors. Out of these deposits, an aggregate value of Rs. 0.63 million have since
been repaid / renewed.
Directors
As per the provisions of Articles of Association of Company, four Directors of the
Company viz., Smt. Sangita Reddy, Shri Deepak Vaidya, Shri P. Obul Reddy and Shri
Rafeeque Ahamed retires by rotation at the ensuing Annual General Meeting and are eligible
for re-appointment.
Shri. Habibullah Badsha resigned as a Director with effect from 1st December 2008 and
joined the Board subsequently with effect from 30th January 2009.
New Directors
The Board of Directors at its meeting held on 30th January 2009 appointed Shri Michael
Fernandes, as an Alternate Director to Shri Khairil Anuar Abdullah.
Auditors
The Auditors, M/s. S. Viswanathan, Chartered Accountants, retire at the ensuing Annual
General
Meeting and have confirmed their eligibility and willingness to accept office, if
re-appointed.
Particulars of Employees as per section 217(2A) of the Companies Act, 1956.
Particulars of Employees required under Section 217(2A) of the Companies Act, 1956 and
the Companies (Particulars of Employees) Rules, 1975 as amended forms part of this report
and attached herewith as Annexure B.
Particulars regarding Conservation of Energy, Technology Absorption and Foreign
Exchange
Earnings and Outgo.
Particulars as required to be disclosed as per the Companies (Disclosure of Particulars
in the Report of Board of Directors) Rules, 1988 are set out in the statement attached
herewith as Annexure C.
Acknowledgement
Your Directors wish to place on record their appreciation of the contribution made by
the employees at all levels, to the continued growth and prosperity of your Company.
Your Directors also wish to place on record their appreciation of business
constituents, banks and other financial institutions, shareholders of the
Company for their continued support.
For and on behalf of the Board of Directors
| Place : Chennai |
Dr. Prathap C Reddy |
| Date : 29th June 2009 |
Executive Chairman |
Annexure-A to the Directors’ Report
Details of Utilization of Proceeds of Preferential Issues up to 31st March 2009.
|
(Rs. in crores) |
| Particulars |
As on 31st March 2009 |
| Opening Balance of Mutual Funds as on 1st April 2008 |
357.00 |
| Funds received through Preferential Issues (from 1st April 2008 to 31st March 2009) |
|
| (i) Allotment of Equity Shares to Promoter on 22nd August 2008 (90% of the total
issue) |
61.74 |
| Total Funds received |
418.74 |
| Particulars of Utilization/Deposits |
|
| New Projects |
55.10 |
| Expansion of existing facilities |
29.95 |
| Investment into equity/loans to group companies |
21.38 |
| Capital Expenditure & Working Capital |
72.31 |
| Balance amount parked in Mutual Funds / Subscription of Debentures / Deposits |
240.00 |
Annexure B to the Directors’ Report
Information as per Section 217(2A) of the Companies Act, 1956 read with the Companies
(Particulars of Employees) Rules, 1975 and forming part of the Directors’ Report.
| SI. No. |
Name |
Age |
Designation |
Gross Remuneration (Rs. in lakhs) |
Qualification |
Experience in Years |
Date of Joining |
Details of Previous Employment |
| (A) Employed throughout the year |
|
|
|
|
|
|
|
|
| 1 |
Atul Ahuja |
37 |
Sr.General Manager – Merchan- dising |
30.61 |
MBA, PGDP |
13 |
15-Jun-07 |
Senior Product Manager Oracle Corp. |
| 2 |
Binod Madhab Samal |
40 |
Vice President Corporate- IT |
41.70 |
B.Tech, P.G. Diploma in Mgmt. & P.G.Diploma in Industrial Mgmt. |
14 |
8-Apr-04 |
Marico Industries, Manager & GE – Asst. Vice President |
| 3 |
G. Dasaratharama Reddy |
54 |
Sr. General Manager – Finance |
26.05 |
B.Com, CA |
30 |
13-Oct-95 |
Hyundai Electronics of America |
| 4 |
George Eapen |
58 |
Chief Executive Officer |
39.89 |
B.Sc, DHMCT |
35 |
12-Jul-99 |
Assistant Vice President in Reliance Petro- leum Limited |
| 5 |
T. Karunakar |
42 |
General Manager – HR |
24.04 |
MSW |
18 |
28-Jan-02 |
Indian Hotels |
| 6 |
R. Krishnakumar |
45 |
Head Investor Relations |
30.89 |
B.Com (Hons), C.A., ICWA – Intermediate |
23 |
20-Jun-07 |
Chief Financial Officer, Apollo Hospitals International Limited |
| 7 |
Dr. M.K. Mani |
73 |
Chief Nephrolo- gist |
34.39 |
MD,FAMS, FRCP(EDIN) |
50 |
16-Jan-84 |
Physician, Renal Unit, Sydney Hospitals, Chief Nephrologist, Jaslok
Hospital, Mumbai |
| 8 |
G. Narotham Reddy |
49 |
Vice President – Materials |
30.40 |
M.Sc., PGDMM |
25 |
1-Feb-84 |
- |
| 9 |
S. Obul Reddy |
47 |
General Manager – Finance & Legal |
33.23 |
B.Com, B.L, |
21 |
16-Aug-90 |
- |
| 10 |
K. Padmanabhan |
57 |
Group President - Corporate Planning & Marketing |
101.08 |
B.Com, PGDIA, MBA |
37 |
1-Jul-96 |
Vice President & Chief Executive Officer of the Bicycles Division of
Tube Investments Ltd |
| 11 |
Dr. K. Prabakar |
55 |
Vice President – HR |
37.91 |
B.Sc., DSSA (PM & IR), B.L.,Dip. TD, Dip L.A.L, Ph.D |
31 |
12-Feb-86 |
Personnel Manager – Om Sindoori Hotels, Chennai |
| 12 |
Dr. Prathap C Reddy |
77 |
Executive Chairman |
862.14 |
MBBS, FRCS |
43 |
Since inception |
Practicing as a Cardiologist in USA and India |
| 13 |
Preetha Reddy |
52 |
Managing Director |
344.85 |
B.Sc., M.A |
28 |
3-Feb-89 |
Chief Executive-Indian Hospitals Corporation Ltd |
| 14 |
Y.V. Raghava Rao |
37 |
Vice President – Inter- national Business |
27.12 |
B.Com, MBA one year program in Intl.Business |
12 |
16-Sep-02 |
Euro Discover Technology Venture Ltd |
| 15 |
P.B. Ramamoorthy |
54 |
General Manager – Pharmacy |
29.28 |
B.Sc, M.B.A, PGDMM |
30 |
3-Jan-85 |
True Biscuits, Marketing Executive |
| 16 |
K. Ravichandran |
40 |
Vice President – Projects |
30.46 |
B.Tech, Chemi- cal, MBA |
17 |
7-Jul-2000 |
Manager- IFCI Ltd |
| 17 |
Sangita Reddy |
47 |
Executive Director – Operations |
86.21 |
B.Sc. |
25 |
31-Jul-2000 |
Managing Director, Deccan Hospitals Corporation Ltd |
| 18 |
V. Satyanarayana Reddy |
48 |
Chief Executive Officer |
40.90 |
B.Sc (Agri), MBA,Mphil |
24 |
17-Apr-89 |
- |
| 19 |
C. Sreethar |
51 |
Chief Operating Officer |
31.57 |
B.Com, DPIM |
29 |
31-Oct-84 |
- |
| 20 |
Suneeta Reddy |
50 |
Executive Director – Finance |
215.53 |
B.A |
26 |
1-May-2000 |
Jt. Managing Director, Indian Hospitals Corporation Ltd |
| 21 |
S.K. Venkataraman |
49 |
CFO & Company Secretary |
46.20 |
B.Sc – Applied Science, ACS, FCA and AIII |
25 |
25-Feb-91 |
Asst. Manager – Taxation in Shriram Fibres Limited, New Delhi |
| 22 |
S. Venkatraman |
50 |
Chief Executive Officer - Projects |
42.68 |
B.Com, MBA |
28 |
13-Dec-07 |
President & CEO, Sterling Add Life India Ltd |
| 23 |
V. Venugopal |
46 |
Senior General Manager – Finance |
34.63 |
B.Sc, CA, ICWA |
22 |
13-Jul-87 |
- |
| (B) Employed for part of the year with an average salary above Rs. 2
lakhs per month. |
|
|
|
|
|
|
|
|
| 24 |
Chandra D Sharma |
64 |
President |
34.77 |
B.E (Mech), PGDBA (IIMA), SEP (Stanford) |
36 |
1-Oct-07 |
Managing Director, Boots, East Africa |
| 25 |
C. Chandrasekhar |
40 |
Group President – Marketing |
12.46 |
MBA (Market- ing), Advance Management Course, ISB Hyderabad |
17 |
1-Jan-09 |
Apollo DKV Insurance Company Limited |
| 26 |
David S Nevill |
48 |
Sr.Presi dent – Business Develop- ment |
40.18 |
MBA |
19 |
15-Jun-06 |
President and CEO in Wesley Medical Centre, Wichita, Kansas |
| 27 |
Lalit Varma |
46 |
Vice President – Projects |
12.80 |
B.Tech Civil Engineer- ing General Management Program |
23 |
17-Nov-08 |
General Man- ager - Health Care Proj- ects- Reliance Industries Ltd,
Mumbai. |
| 28 |
Pradeep Thukral |
46 |
Group Head – Inter- national Marketing |
24.92 |
Mechanical Engg/Bachelor of Arts & MBA |
26 |
18-Aug-08 |
Head Corporate Marketing - IMCL Apollo Hospital, Delhi & Associated VP
& Head Inter- national Business - Wockhardt Hospitals Group |
| 29 |
Dr. Shenoy Robinson |
49 |
Chief Operating Officer Special Projects |
28.59 |
MBBS / Post Graduation in Anesthesiology |
21 |
16-Jun-08 |
President - CATEX- The institute for catalysing excellence, DMS - Apollo
Hospitals Dhaka |
| 30 |
Sri Harsha G |
42 |
Chief Learning Officer |
15.89 |
PG Dip.in IRBM |
19 |
4-Oct-99 |
Manager, Oberoi Hotels, Hyderabad |
| 31 |
Vivek Kamath |
47 |
Chief Executive Officer |
15.05 |
M.Sc., MMS |
25 |
1-Aug-06 |
Senior Vice President LG Life Sciences (I) Pvt Ltd. |
Note:
(i) Dr. Prathap C Reddy, Executive Chairman, Smt. Preetha Reddy, Managing Director,
Smt. Suneeta Reddy, Executive Director – Finance, Smt. Sangita Reddy, Executive
Director – Operations are relatives.
(ii) For Sl.No. 12, 13, 17 & 20 remuneration calculated based on net profits of the
company, in accordance with the provisions of Companies Act, 1956 and as approved by the
members at General Meetings.
(iii) For other Sl. Nos. (except mentioned in Note No.2) remuneration includes basic
salary, allowances, taxable value of perquisites etc. The term remuneration has the
meaning assigned to it in the Explanation to Section 198 of the Companies Act, 1956.
Annexure C to the Directors’ Report
Energy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgo.
Conservation of Energy
The operations of the Company are not energy-intensive. However, significant measures
are being taken to reduce energy consumption by using energy-efficient equipment.
The following energy-saving measures were taken during the year:
1. Conventional light fittings were replaced with energy-efficient CFL light fittings.
2. Existing manual power factor panel has been automised to maintain optimum power
factor, thus resulting in reduction in overall energy bill.
3. Adopting VFD drive AHUs with heat recovery wheel.
4. Adopting centrifugal pumps with VFD drive and with plant manager in Central AC
plant.
5. Reutilizing heat recovery from Central AC plant chillers for primary feeding to
Steam boilers.
6. Automization of raw water supply with Hydro-pneaumatic system for water pumping.
Your Company constantly evaluates and invests in new technology to make its
infrastructure more energy efficient.
As energy costs comprise a very small part of your Company’s total expenses, the
financial implications of these measures are not material.
Technology Absorption
Over the years, your Company has brought into the country the best that the world has
to offer in terms of technology. In its continuous endeavour to serve the patients better
and to bring healthcare of international standards within the reach of every individual,
your Company has introduced the latest technology in its hospitals.
This dynamic volume CT scanner was commissioned at Apollo Heart Centre, Chennai in
November 2008. The revolutionary CT technology shortens the diagnosis of cardiac and
stroke patients to a fraction of the usual time. It enables study of arterial and venous
blood and organ function in real-time 3D clarity with less radiation and contrast doses to
the patient. The wide coverage detector with 320 row and 0.5 mm thick elements can scan an
entire organ like heart or brain in a single rotation within 0.5 seconds. The efficacious
performance of the system has been proven in the large number of cases completed since
inception.
2. Cyberknife radio surgery system
This robotic controlled linac system from ACCURAY, USA, was commissioned at Apollo
Speciality Hospital, Chennai in February 2009. This is the most advanced model in the
Asia-Pacific region and has already attracted a number of foreign patients preferring this
sophisticated system for cancer treatment. This non-invasive technique is able to treat
all tumors previously considered inoperable. Anaesthesia is not required as the treatment
is painless, lasting between 30 and 45 minutes per sitting and can be completed as an
outpatient procedure. The total number of sittings is reduced to 3-5 as compared to 25-30
sittings in the conventional technique. The real time image guidance system along with
tumor tracking software ensure that any tumor or patient motion
3. Novalis radio surgery system
This first-of-its-kind system in India, procured for Apollo Hospitals, Hyderabad, is
the result of synergy of the latest technologies from Brainlab and Varian, including Rapid
arc technique. Brainlab’s network-based infrastructure includes Exac-Trac X-ray 6D
which offers highly precise image guidance and automatic positioning for initial set-up
and snap verification during treatment. The Varian on-board imaging device is useful for
pin-pointing the tumor and positioning the patient with sub-millimeter accuracy. This
system utilizes high-resolution X-rays to pin-point internal tumor sites seconds before
treatment,robotically corrects patient set-up errors and tracks any patient movement
throughout the treatment. Using the Rapid arc procedure, treatment is delivered in a
single rotation of the gantry around the patient within 2 minutes. Precisely sculpted 3D
dose distribution with a 360-degree gantry rotation is achieved using dynamic
high-resolution multileaf collimator, variable dose rate and variable gantry speed. The
advantage of Novalis TX is that it can be used for both single stage and fractionated
radio surgery and conformal intensity modulated radiotherapy.
Foreign Exchange Earnings & Outgo
Foreign Exchange Earnings : Rs. 195.89 million (This is exclusive of Rupee payment made
by NonResident Indians and Foreign Nationals) Foreign Exchange Outgo : Rs. 1,082.07
million