DIRECTORSDear Shareholders
The Directors take pleasure in presenting the 22nd Annual Report of theCompany along with the audited accounts for the year ended 31st March, 2010.
FINANCIAL RESULTS
| (Rs. in Lakhs) |
| Particulars | Year ended | Year ended |
| 31-03-2010 | 31-03-2009 |
| Total Income | 43,647.98 | 40,588.34 |
| Profit before tax | 4,655.27 | 3,725.32 |
| Provision for taxation | 1,549.26 | 1,336.62 |
| Net Profit (PAT) | 3,106.01 | 2,388.70 |
| Balance brought forward from previous year | 2,687.76 | 2,032.86 |
| Amount available for appropriation | 5,793.77 | 4,421.56 |
| Appropriations | | |
| Transferred to General Reserve | 250.00 | 125.00 |
| Dividend (Proposed) | 1,466.77 | 1,375.10 |
| Corporate Dividend Tax | 249.28 | 233.70 |
| Balance carried to Balance Sheet | 3,827.72 | 2,687.76 |
TRANSFER TO RESERVES
The Company proposes to transfer Rs. 250.00 lakhs to the General Reserve out of theamount available for appropriations and an amount of Rs. 1,139.96 lakhs is proposed to beretained in the Profit and Loss Account.
DIVIDEND
The Directors are pleased to recommend payment of dividend on equity shares @ Rs. 1.60per share (16%) for the financial year ended 31st March, 2010 (previous yearRs. 1.50 per share).
OPERATIONS
During the year under review, the total income of the Company increased to Rs 436.47crores from Rs 405.88 crores in the previous year – an increase of 7.5%. The profitafter tax stood at Rs. 31.06 crores against Rs. 23.89 crores in the previous year – agrowth of about 30%.
The operational performance details of Indraprastha Apollo Hospitals, New Delhi are asunder:-
| 2009-10 | 2008-09 | Growth |
| No. of In-patient Admissions | 36,583 | 34,496 | 6.05% |
| Average Daily Bed Occupancy | 494 | 476 | 3.78% |
| OPD - New Registrations | 89,859 | 85,316 | 5.33% |
| Health Checks | 25,685 | 25,038 | 2.58% |
| Cardiac Surgeries | 2,007 | 2,343 | (14.34%) |
| Transplant Surgeries | 268 | 216 | 24.07% |
| Other Surgeries | 13,915 | 12,809 | 8.64% |
| Dialysis | 22,883 | 20,754 | 10.26% |
| No. of International Patients | 5,030 | 3,780 | 33.07% |
HIGHLIGHTS OF THE YEAR 2009-10
It was a year of quiet consolidation through operational efficiencies. The net profitrose by an impressive 30% over the previous year, due to better expense management andstreamlining of processes and systems.
The robust growth in profits was also due to change in case mix. High end surgeriessuch as Liver transplants, joint replacement surgeries and gastrointestinal surgeriesregistered impressive growth.
The Multi Organ Transplant unit of the Hospital performed 268 organ transplants in thefinancial year 2009-10 (117 liver and 151 kidney transplants), an increase of 34% in livertransplants and 17% in kidney transplants compared to the previous year. With 90% successrate, the outcomes in the liver transplant program are commendable and comparable to thebest centres in the world.
Indraprastha Apollo Hospitals introduced Endoscopic Ultra Sonology (EUS), a majoradvancement in diagnosing and treating gastrointestinal and pancreato-biliary diseases.This will further strengthen the Liver- Gastro and Oncology unit at the Hospital, clearlyensuring leadership position. Going forward, the Hospital will continue to focus onCardiology, Oncology, Orthopaedics, Transplants and Preventive Care.
The Bone Marrow Transplant program got initiated by recruitment of a highly qualifiedspecialist; the vascular surgery program got a big boost with joining of another highlyqualified doctor; similarly the EUS super specialist also brings rich experience from USA;likewise a dedicated cardiac electro physiologist has bolstered the cardiology program.
Indraprastha Apollo Hospitals has been adjudged as the joint winner of the FICCIHealthcare Excellence Awards in September 2009 in the categories of "BestHospital" and "Best Patient Care". The Hospital has been consistentlyranked amongst the best 10 hospitals in India by The Week IMRB survey for the past fewyears.
The performance of the Noida Hospital also improved. However, despite a rise inrevenue, the Hospital could not achieve profits mainly due to steep rise in staffingcosts.
FREE PATIENT FACILITY
In the year 1986, The Govt. of NCT of Delhi under the direction of the then PrimeMinister, had decided to set up a multi speciality hospital in the incomplete buildingnext to Indira Gandhi Indoor Stadium, New Delhi which was lying unutilised for a longtime. The Medical Department of the Govt. of NCT of Delhi bought the incomplete buildingfrom DDA in March 1987 for setting up the Hospital and invited proposals through an openadvertisement from the medical services industry to establish and run this hospital. Afterexamining all the proposals, the then Lt Governor discussed with the then Chief Secretaryand Health Secretary, Govt. of NCT of Delhi and with the approval of the Ministry ofHealth & Family Welfare, Govt. of India, it was decided to establish the multispeciality hospital as a joint venture Company with the Apollo Hospitals Group which hadthe experience of setting up a Super Speciality Tertiary Care hospital.
On this understanding, Indraprastha Medical Corporation Limited (IMCL) was promoted inthe joint sector by the Govt. of NCT of Delhi and Apollo Hospitals Group and wasincorporated as Public Limited Company on 16th March, 1988 to set up a multisuper speciality hospital in Delhi namely "Indraprastha Apollo Hospitals". Theincomplete building as aforesaid was handed over to the Company at a nominal lease rentalof Rs. 1/- per month. A Management Agreement was also entered on the same date betweenIndian Hospital Corporation Ltd. (an Apollo Hospitals Group Company) and IndraprasthaMedical Corporation Ltd. for providing technical and management services to the Company ata nominal management fee of Rs. 1/- per annum.
This was the first joint venture Company and a first of its kind in Healthcare underthe public-private partnership model.
Indraprastha Apollo Hospitals was to be commissioned as part of the Nehru CentenaryCelebrations in November, 1989. Apollo Hospitals Group had committed to meet the deadlinewithin the stipulated 12 – months and the work was in progress at full pace. However,in April 1989, the construction work had to be stopped as the Govt. of India decided toallot the building to Sports Authority of India (SAI) in lieu of the land and buildingacquired, the SAI undertook to pay Rs. 15.478 crores to the company. This sum, togetherwith the interest accrued, was then to be used for constructing the hospital at a newsite. Subsequently, 15 acres of land at Delhi Mathura Road, Sarita Vihar, New Delhi,together with building constructed out of the money (including interest) received fromSport Authority of India was leased to the company for a period of thirty years upto July31, 2023 renewable for a further period of thirty years on the same terms and conditionsas agreed before.
The Hospital was inaugurated in July 1996 and commenced various services in a phasedmanner.
Indraprastha Apollo Hospitals today offers a very distinct ‘case mix’,comprising many complex procedures, not usually available in many tertiary care centres inthe country. The level of advanced technology and specialist skills that are availabletoday were not even thought of 20 years ago when the joint venture Agreement with Govt. ofNCT of Delhi was signed by Apollo Hospitals Group. The hospital today has several firstsand is recognised as a major referral tertiary care hospital in the country.
As per the terms of the lease deed, the Company shall admit free of charge suchpatients as may be recommended by the Lt. Governor of the National Capital Territory ofDelhi or any Officer duly authorised by him in writing in this behalf upto 1/3rd (onethird) of the bed strength consisting of 600 beds or such number of beds as near theretoas may be commissioned for the time being, earmarked for such purpose by the Company. TheCompany shall provide free diet, medical diagnostic and such other facilities to thepatients aforesaid as are required by the patients for indoor treatment. The Company shallalso provide free medical, diagnostic and other facilities for not less than 40% of itsout-door patients.
There was also an implied obligation on account of custom duty exemption for import ofmedical equipment prevailing at the time when the Hospital project was conceived. However,the hospital could not avail the benefits due to relocation of the project and consequenttime delay during which period the custom duty exemption on import of medical equipmentwas withdrawn by the Govt. of India vide notification no. 99/94 dated 01.03.1994.
A Public Interest Litigation (PIL) was filed in the year 1997 in the High Court ofDelhi for seeking direction that the Company should also provide free medicines andmedical consumables to the patients referred by the Govt. of NCT of Delhi for freetreatment in the Hospital. The Petition was contested by the Company.
An interim order dated 29.5.1998 was issued by the Hon’ble High Court of Delhi andaccordingly the Hospital has been providing free treatment exclusive of medicines &medical consumables to patients referred by the Govt. of NCT of Delhi.
The Delhi High Court decided the PIL vide its order dated 22nd September,2009, and has held that free treatment provided by the Hospital as per the terms of thelease deed shall be inclusive of medicines and consumables.
The Company has filed a Special Leave Petition (SLP) before the Hon’ble SupremeCourt of India against the impugned judgment and order of the Hon’ble High Court ofDelhi. The Hon’ble Supreme Court of India has admitted the SLP and passed an interimorder on 30.11.2009. In pursuance of the interim order, the Hospital is providing freetreatment to the patients referred by the Govt. of NCT of Delhi exclusive of medicines& medical consumables. The matter is pending before the Supreme Court of India.
FOCUS ON QUALITY
Indraprastha Apollo Hospitals is distinguished by its focus on Clinical Excellence. Ithas participated in one of the most important programs of the Apollo Hospitals Group knownas ACE@25 - a unique clinical balanced scorecard focusing on evidence based quality careand a safe environment for patients. The scorecard measures 25 clinical parameters everymonth, benchmarking them against the best institutions in the world and scores them on a 4point scale, colour coded as green, orange or red. Each of the participating hospitals isthus measured on a 100 point score and reported online for monitoring and sharing of bestpractices. A score of 75 and above is considered good performance and in the green zone.The average ACE @ 25 score for the Indraprastha Apollo Hospitals this year has been 76.66.
With sustained efforts, the Average Length of Stay (ALOS) of patients in the Hospitalwas brought down from 5.09 days to 4.8 days. A number of other initiatives were alsoundertaken in critical areas of hospital operations directly impacting patient care. TheVoice of the Customer program was further strengthened to ensure and monitor prompt actionon customer feedback. The average turn around per dialysis chair per day has also gotincreased.
Being the first hospital in the country to get Joint Commission International(JCI)accreditation, Indraprastha Apollo Hospitals has always strived to ensure all qualitynorms are being met. To re-orient all the staff on JCI Standards, refresher sessions wereconducted. The Hospital conducted quality audits twice during the year with a team ofexternal auditors to make sure that all standards were complied with.
The Hospital successfully obtained re-accreditation under ISO 14001:2004 EnvironmentManagement System in September 2009.
This year Indraprastha Apollo Hospitals continued to build on the strategy of focusingon the Apollo Centers of Excellence, with Orthopedics being identified as a key area.Anticipating joint replacement surgeries (particularly knee replacements) as a high growtharea, the Hospital did a number of activities to increase the numbers of knee replacementsurgeries. The Apollo Knee Clinics was set up in November 2009, followed by a focusedmarketing campaign through hoardings, posters and hand outs. Following these initiatives,significant growth in the number of surgeries were recorded.
INFORMATION TECHNOLOGY INITIATIVES
During the year, your hospital invested in a number of IT solutions that not onlyresulted in better management but also resulted in substantial savings.
PACS: The X-Rays and CT scans went filmless leading to easier access to the imagesand reducing consumption of films in the process leading to substantial savings.
Interfacing Medical equipments: A number of equipments in the Laboratories wereinterfaced with the Hospital Information System. Final calibration and validation is nowin progress.
On the Web: In keeping with changing times, the Hospital has now got connected withits patrons over social networking website Twitter and keeps them updated with latestdevelopments.
Web Applications: A Visitor Management system using touch screen kiosks, an onlineKey Management system to improve the security and handling of hospital keys and a webbased application for Wage & Salary administration were introduced. An e-based LeaveManagement Module was also implemented, thus saving considerable man-hours and stationerycosts.
CORPORATE SOCIAL RESPONSIBILITY (CSR)
Indraprastha Apollo Hospitals remained committed to social welfare and conductednumerous initiatives to improve the well-being of the community. A few of these arehighlighted below:
• Billion Hearts Beating: Indraprastha Apollo Hospitals participated in a socialwelfare campaign launched by the Apollo Hospitals Group in collaboration with Times ofIndia to increase awareness of Heart Disease. The program received an overwhelmingresponse.
• Wellness Workshops: During the year, the Hospital conducted a number of healthand wellness camps on various topics, sensitizing the community as well as providing freecheck ups.
• On-site medical back-ups: For a number of exhibitions, expos, sports meets,including the Auto Expo, IPL-3 and World Cup Hockey, your hospital took on theresponsibility of providing emergency and medical coverage.
• Pandemic Preparedness: an eight bed H1N1 isolation unit and a screening centrewere set up in the Hospital to help in tackling the H1N1 pandemic. The unit conforming toall international infection control standards, was amongst the first private hospitals tobe granted permission to treat such patients. More than 300 patients has been screened and125 patients has been admitted in the isolation unit. The Hospital conducted a number ofawareness programs and talks as well.
As part of the hospital’s ongoing commitment to creating health awareness andproviding preventive care to the general public, Indraprastha Apollo Hospitals hosted 11workshops on key health issues including tuberculosis, stress management, organ donationand transplantation, asthma, stroke, respiratory disorders wellness and knee pain.Further, Indraprastha Apollo Hospitals, through the mobile health scheme service, which isdone in collaboration with the Delhi Government in five economically depressed areas inthe city, screened and treated almost 20,000 patients in 2009-2010. The hospital conducted111 free camps in Delhi and the neighboring states, providing free check ups and basictreatment to an additional 15,681 people in 2009-2010. This year the Hospital willextensively conduct heart and cancer screening programs across the country.
INSTITUITIONAL IMPLANTS
To boost the concept of medical care in the area of professional workforce andeducational institutions, the concept of Apollo Occupational Health Centers located withina corporate or educational facility has been operational in Delhi & NCR. This year sawa surge in such Centers, also known as Implants, with new centers being set up in ComputerSciences Corporation, French School, Lotus Valley School and Genpact.
FACILITY UPGRADATION & EXPANSION
Significant renovation and upgradation work was completed during the year, which shouldadd to patient comfort and help achieve more operational efficiencies. Among others, a neworthopaedics operation theatre, a 5-bed ICU for critical cardiac care patients, a 12 bedMulti Organ Transplant Unit for Renal Transplant patients, a Mezzanine in the atrium forICU patient attendants and international patient lounge were commissioned.
Fifty eight patient rooms and three OPDs were also renovated during the year.
Indraprastha Apollo Hospital’s ambitious expansion plans indicate an impressiveupward trajectory. Honouring its commitment to cater to the forthcoming CommonwealthGames, the hospital will commission an additional 136 beds in October, 2010.
INFECTION CONTROL AND ENVIRONMENT
Infection Control is a significant constituent of clinical care in health care setups.The improvement exhibited in the infection control indices continued this year as well.The infection rates are well within acceptable standard level and favourably compares withwell established similar setups in the western countries. The Hospital also partnered withthe WHO on World Hand Hygiene Day, spreading awareness on this crucial issue andaugmenting its implementation throughout health care workers and general public and otherstaff members.
CONSERVATION OF ENERGY
The Company on a continuous basis undertakes programs for conserving energy. Plantmaintenance on a regular basis, review of energy generation and its consumption are amongthe measures adopted towards this end. Despite higher levels of occupancy, the expenditureon power and fuel has decreased over the previous year by around Rs. 41 lakhs.
The following are some of the measures undertaken during the period under reviewtowards energy conservation:-
• All external lighting of the Hospital premises has been converted to LED typefixtures which is very low energy consuming.
• LED fixtures have been incorporated throughout the Hospital, wherever possible,to reduce electric consumption.
• Variable frequency drivers have been installed in the air conditioning system toreduce the energy consumption.
• Push type water taps have been installed in Public Toilets in the Hospital toreduce water wastage.
Training programmes for creating awareness about conservation of energy and naturalresources are also being done on a regular basis for employees.
TECHNOLOGY ABSORPTION
The Company continued to invest in cutting-edge technology to offer the latest inmedical care and maintain international standards. Among the new devices and testsincorporated are:
Endoscopic Ultrasound( EUS):
Endoscopic ultrasonology is used to visualize image, take biopsy and also to treatdiseases of thorax and abdomen using an endoscopically directed ultrasound. A highlyuseful modality in the super specialty of gastroenterology and also catering to oncology,respiratory diseases and others, the unit is being operated by a highly skilledconsultant, who has been trained in the US and has more than a decade's experience.
Endo- vascular Laser:
Endovenous laser therapy (EVLT) is a non-surgical method of resolving the unsightly,painful and potentially dangerous effects of varicose veins (swollen veins) on legs. Thisminimally invasive procedure offers the latest advance in the treatment of varicose veins.Some of the benefits include short procedure time, local anesthesia, a day care procedure,lower risk of complications, minimal scarring and faster recovery. A senior consultant whohas recently joined in vascular surgery, has special training and brings expertise inendovascular surgery from the western centers.
DSA Lab:
The new DSA lab brings high resolution 3D functionality, X-per CT function, providingaccess to any blood vessel including those located in difficult areas, under imageguidance thus providing relief to many patients with aneurysms and AV malformations. Thisfacility is not available at most centers in India.
FOREIGN EXCHANGE EARNINGS & OUTGO
(a) Activities relating to exports; initiatives taken to increase exports; developmentof new export markets for products and services; and export plans
The Company is engaged in the healthcare business and is not carrying on any exportactivities. The Hospital has been empanelled with eminent international insurancecompanies and appointed healthcare facilitators in various countries to cater tointernational patients.
(b) Total Foreign Exchange Earnings and Outgo
During the year under review, foreign exchange earnings and outgo were as under:-
Earnings : Rs. 40.07 crores
Outgo : Rs. 14.05 crores
PARTICULARS OF EMPLOYEES
The Particulars of employees as per Section 217 (2A) of the Companies Act, 1956 readwith the Companies (Particulars of Employees) Rules, 1975 are annexed and form part ofthis report.
DIRECTORS’ RESPONSIBILITY STATEMENT
As required under Section 217(2AA) of the Companies Act, 1956, your Directors state:
(i) that in the preparation of the annual accounts, the applicable accounting standardshave been followed;
(ii) that appropriate accounting policies have been selected and applied consistentlyand have made judgments and estimates that are reasonable and prudent so as to give a trueand fair view of the state of affairs of the Company as on 31st March, 2010 andof the profit of the Company for the year ended 31st March, 2010.
(iii) that proper and sufficient care has been taken for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act, 1956 forsafeguarding the assets of the Company and for preventing and detecting fraud and otherirregularities;
(iv) that the annual accounts have been prepared on a going concern basis.
CORPORATE GOVERNANCE
Pursuant to Clause 49 of the Listing Agreement, a Management Discussion and AnalysisReport and a Report on Corporate Governance is attached with this Report.
A Certificate from the Statutory Auditors of the Company regarding the Compliance bythe Company of the conditions stipulated under Clause 49 of the Listing Agreement is alsoattached with this report.
A declaration by the Managing Director pursuant to clause 49(I)(D)(ii) of the ListingAgreement stating that all the Board Members and Senior Management Personnel of theCompany have affirmed compliance with the Code of Conduct, during the financial year ended31st March, 2010, is also attached with this report.
AUDITORS / AUDITORS’ REPORT
M/s. S. C. Vasudeva & Co., Chartered Accountants, Auditors of the Company shallhold office until the conclusion of the ensuing Annual General Meeting and are eligiblefor re-appointment.
The Company has received a letter from M/s. S. C. Vasudeva & Co., CharteredAccountants, to the effect that their appointment, if made, would be within the prescribedlimits under Section 224 (1-B) of the Companies Act, 1956. The Board of Directorsrecommends the appointment of M/s. S. C. Vasudeva & Co., Chartered Accountants asAuditors of the Company.
DIRECTORS
Mr. V. V. Bhat ceased to be a Director of the Company, consequent upon his transferfrom the office of Principal Secretary - Finance, Govt. of Delhi.
Mr. Rajendra Kumar, Secretary, Health & Family Welfare, Govt. of Delhi wasappointed by the Board as an Additional Director of the Company. Pursuant to Section 260of the Companies Act, 1956, Mr. Rajendra Kumar holds the office of Director only up to thedate of the Annual General Meeting of the Company. A notice has been received from amember pursuant to Section 257 of the Companies Act, 1956, proposing the appointment ofMr. Rajendra Kumar as a Director of the Company, liable to retire by rotation.
In accordance with the provisions of the Companies Act, 1956 and the Articles ofAssociation of the Company, Ms. Suneeta Reddy, Ms. Renu S. Karnad, Mr. V. R. Reddy and Mr.Satnam Arora, Directors of the Company shall retire by rotation at the ensuing AnnualGeneral Meeting.
Mr. V. R. Reddy has conveyed his unwillingness to offer himself for re-appointment;hence he will cease to be Director of the Company at the ensuing Annual General Meeting. Anotice has been received from a member pursuant to Section 257 of the Companies Act, 1956,proposing the appointment of Mr. T.S. Narayanasami as a Director of the Company, liable toretire by rotation.
Ms. Suneeta Reddy, Ms. Renu S. Karnad and Mr. Satnam Arora, being eligible, haveoffered themselves for re-appointment.
Resolutions seeking approval of the shareholders for the appointment / re-appointmentof Directors have been incorporated in the notice of the Annual General Meeting.
The information on the particulars of the Directors seeking appointment /re-appointment, as required under clause 49 of the Listing Agreement, has been furnishedin the notice to the shareholders for the Annual General Meeting.
Your Directors wish to place on record their appreciation of the valuable servicesrendered by Mr. V. V. Bhat and Mr. V. R. Reddy during their tenure as a Director of theCompany.
FIXED DEPOSITS
During the year under review, the Company has not accepted any deposit under Section58A of the Companies Act, 1956 read with Companies (Acceptance of Deposits) Rules, 1975.
INSURANCE
All properties and insurable assets of the Company, including Building, Plant &Machinery and Stocks have been adequately insured, wherever necessary.
The Company also has a professional indemnity insurance policy to cover the risk onaccount of claims filed against the Company in Consumer Courts.
RESEARCH & DEVELOPMENT
The Company is running a multi super-specialty Hospital and is not engaged in any majorresearch & development activity. However, the Hospital continues to be a major centrefor international clinical trials.
INDUSTRIAL RELATIONS
The Industrial Relations scenario continued to be cordial during the year under review.
However, the proceedings of the labour and other court cases, which took place afterthe strike by a section of employees in the Hospital in September, 1998 continued duringthe year.
ACKNOWLEDGEMENT
The Directors wish to thank and deeply acknowledge the cooperation, assistance andsupport extended by the financial institutions, banks, the Govt. of Delhi and the UnionGovernment.
The Directors also wish to place on record their appreciation for the all round supportand cooperation received from the employees at all levels and the consultant doctors.
| For and on behalf of the Board |
| Place : New Delhi | Rakesh Mehta |
| Date : 28th July, 2010 | Chairman |
ANNEXURE TO DIRECTOR’S 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 Director's Report for theyear ended 31st March, 2010.
| Name of the Employee/ Age | Designation/Nature of Duties | Qualification & Experience | Date of Commencement of Employment | Remuneration Received (Rs.) | Last Employment held |
| (A) Employed throughout the year and in receipt of remuneration not less than Rs. 2,400,000/- for the year :- | | | | | |
| Mrs. Rajalakshmi Chandru 59 years | General Manager- Patient Services | B.Sc.( Zoology) ( 27 Yrs) | 16/8/1995 | 2,493,004 | Executive Secretary to Chairman, Apollo Hospitals, Chennai |
| Dr. Raman Sardana 48 years | Addl. DMS cum Senior Consultant | MBBS, MD (Microbiology) (22 Years) | 13/11/1995 | 3,243,981 | Consultant-Microbiology, Chopra Hospital & National Paediatric Centre, Gulmohar Enclave, New Delhi |
| Mr. Ajay Kumar Singhal 52 years | Vice President cum Company Secretary | B. Com, LLB, FCS (28 Years) | 1/5/1996 | 5,071,826 | Practicing Company Secretary, New Delhi |
| Mr. P Shivakumar 45 years | Vice President - Finance | B Com, ACA, Graduate of ICWAI (22 Years) | 28/4/1997 | 5,119,047 | Manager - Finance - Premier Auto Electrical Limited, Chennai |
| Dr. Anupam Sibal 42 years | Director Medical Services | MBBS, MD (13 Years) | 11/8/2002 | 7,841,111 | Senior Consultant - Paediatric, Gastroenterolgy & Hepatology, Indraprastha Apollo Hospitals, New Delhi |
| Mr. Anil Maini 58 years | President - Corporate Development | BA (Hos.), Diploma in Marketing Management, Management course in Senior Executive resident (31 Years) | 4/4/2005 | 6,923,103 | Marketing Head - Escort Heart Institute and Research Centre, New Delhi |
| Mr. Jaideep Gupta 46 years | Managing Director | B.Sc, PG Diploma in Rural Management (24 Years) | 29/4/2005 | 6,628,613 | Vice President - Operations, Apollo Hospitals Enterprise Limited, Kuala Lampur (Malayasia) |
| Ms. Usha Banerjee 43 years | Director - Nursing | B.Sc (Nursing), MBA (HR & Industrial Relations), Diploma in Hospital Administration. Diploma in Training and Development (18 Years) | 12/12/2005 | 5,050,251 | Director Nursing - Max Health Care Limited, New Delhi |
| Mr. Ashoke Chakrabartty 47 years | Deputy General Manager - Bio Medical | M.Sc. (Electronics) (22 Years) | 2/7/2007 | 2,498,810 | Chief Biomedical Engineer- Max Healthcare Institute Ltd, New Delhi |
(B) Employed for part of the year and in receipt of remuneration aggregating not lessthan Rs. 200,000/- per month:- NONE
Notes : 1. Remuneration includes salary, allowances, Company's contribution toProvident Fund and monetary value of perquisites and other benefits as valued under IncomeTax Act, 1961.
2. None of the employees as mentioned above is related to any Director of the Companyand holds (by himself or along with his spouse and dependant children) more than 2% ofequity shares of the Company.