We use cookies for analytics and ads to improve your experience. You can accept or decline. See our Privacy Policy.
Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

52-Week Range
Valuation
Financials (FY2021-22)
Investment Thesis
Assam Hospitals Limited is a meaningfully-scaled private hospital operator in Guwahati with revenues of INR 100–500 Crore, serving as a key healthcare provider for Northeast India's large and underserved population. The long-term structural demand for quality private healthcare in the region is compelling. However, the company's unlisted status, lack of ISIN, and limited financial disclosures make it suitable only for investors with direct access to the company's management and financials.
Pros
Cons
Business Segments
Tertiary Hospitals (Apollo Guwahati)
219-bed multi-specialty hospital under Apollo brand: Neurosciences, Orthopaedics, Cardiac Sciences, Nephrology, Gastroenterology, Paediatrics, Ophthalmology, ENT, Urology.
Revenue Model
Assam Hospitals Limited generates revenue primarily from inpatient (IPD) and outpatient (OPD) hospital services including surgical procedures, consultations, diagnostics, pharmacy, and ICU care. Revenue is collected through a mix of cash payments, corporate health insurance billings, and government health scheme reimbursements (PM-JAY, Atal Amrit Abhiyan). The business is asset-heavy with significant fixed costs in medical equipment, facilities, and specialist physician fees.
Detailed Analysis
Growth Plans
Increasing health insurance coverage in Northeast India under PM-JAY and Atal Amrit Abhiyan
Growing middle class in Assam seeking quality private healthcare alternatives
Government focus on healthcare infrastructure development in Northeast India
Potential for capacity expansion to serve patients from surrounding states
Industry Tailwinds
Recent Developments
Rising health insurance penetration, government health schemes, and increased patient awareness continue to drive demand for quality private hospital services in Guwahati, benefiting Assam Hospitals Limited.
2024-01Comparable Companies
Frequently Asked Questions
About Assam Hospitals Limited
Assam Hospitals Limited is a Guwahati-based healthcare company incorporated in 2000, providing hospital and healthcare services in Northeast India. The company operates in one of India's most underserved healthcare markets — Northeast India has a significant shortage of quality healthcare infrastructure relative to the region's population of approximately 46 million people across eight states. Guwahati, as the largest city in the Northeast and a regional medical hub, serves as the destination for patients from across Assam and neighbouring states seeking tertiary and speciality care. Assam Hospitals Limited provides diagnostic, outpatient, and inpatient healthcare services, contributing to the region's growing private healthcare ecosystem. India's healthcare market is expected to reach $638 billion by 2025, with the hospital sector accounting for the largest share. Private hospitals have been the primary driver of healthcare capacity addition in India, accounting for over 70% of total hospital beds in urban areas. Northeast India's healthcare market is growing rapidly with rising incomes, greater health awareness, and government insurance schemes like Ayushman Bharat expanding access to private healthcare. The company's strategic location in Guwahati positions it well to capture the growing demand for quality healthcare across the Northeast.
Key Milestones
Incorporated 2000 in Assam (CIN: U85110AS2000PLC006193)
Common questions about unlisted shares
You buy from and sell to the wisefolio desk — shares route through the desk's demat, money-in before shares-out.
You enquire
· Takes 2 minutesTell us the company and quantity you want. Share your demat details so we can settle directly into your account.
We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
· Pay within 2 days of acceptingPay by direct bank transfer to the desk's published account — never to a personal account. We confirm receipt and begin the transfer.
Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Be the first to discuss Assam Hospitals Limited — share your research, ask questions, or compare notes with other investors.
Increasing health insurance coverage in Northeast India under PM-JAY and Atal Amrit Abhiyan
Growing middle class in Assam seeking quality private healthcare alternatives
Government focus on healthcare infrastructure development in Northeast India
Potential for capacity expansion to serve patients from surrounding states
Industry Headwinds
Rising competition from large national hospital chains (Apollo, Fortis, Manipal) expanding to Guwahati
Annual flood disruptions affecting patient inflows and facility operations
Specialist doctor attrition limiting high-margin specialty care expansion
Healthcare is heavily regulated with licensing requirements adding compliance costs
Source: Media Reports / Public Records
Capital-intensive hospital expansions require significant debt financing
Source: AlphaHub Research
Government reimbursement rates under Ayushman Bharat may be below private rates
Source: AlphaHub Research
Competition from established hospital chains entering Northeast India
Source: Media Reports / Public Records
Significant revenue may come from government health schemes (PM-JAY, Atal Amrit Abhiyan) which have capped tariff rates; any policy changes or payment delays from the government could impact cash flows.
Hospital operations require continuous investment in medical equipment upgrades, facility maintenance, and technology adoption to remain competitive and accredited.
Attracting and retaining specialist doctors in Guwahati is challenging as many senior specialists prefer metro postings; talent shortages can limit service range.
Concentration in Guwahati and Northeast India exposes the company to region-specific risks including annual floods, infrastructure disruptions, and political instability.
Clinical establishment regulations, NABH accreditation requirements, and medical tariff controls create compliance burdens for private hospital operators.
NH · ~20,000 Cr
FORTIS · ~30,000 Cr
Unlisted
Unlisted
JV with Apollo Hospitals Enterprise Limited to operate Apollo Hospitals, Guwahati
Registered at Lotus Tower, GS Road, Ganeshguri, Guwahati 781005; authorized Rs.10 Cr, paid-up Rs.8.43 Cr
Revenue Rs.171 Cr (FY22) with 31% CAGR; EBITDA grew 101.25% YoY