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Chennai Meenakshi Multispeciality Hospital Ltd. Company History and Annual Growth Details

Devaki Hospital was established by Eskeycee Medical Foundations Private Limited in 1978-79 as a small multi-speciality hospital with 60 beds together with facilities like 24-hour X-ray, lab, etc. Over a period of 12 years the hospital increased its bed strength to 100. The hospital offers several medical facilities under one roof which are available to the public at affordable cost. The hospital has also been a pioneer in accident and emergency care and was the first private hospital (as early as 1978) to take up medico legal cases (involving accident victims) in Madras. The hospital's location at Mylapore in the heart of Madras city has further added to its popularity.

During the span of 12 years the hospital has generated a lot of goodwill. Consequently, the management of Eskeycee Medical Foundations Private Limited recognised the tremendous scope for expansion and Installation of additional diagnostic and therapeutic equipment which would ensure the best possible facilities for patients while also yielding monetary benefits to the hospital. Accordingly, Devaki Hospital Limited was incorporated on 22nd August 1990 and Certificate of Commencement of Business was obtained on 4th September 1990. This company took over the existing on 4th September 1990. This company took over the existing activities of Devaki Hospital from 1st May 1991 with a view to expand and diversify the hospital's present facilities.
A memorandum of understanding was entered into between Eskeycee Medical Foundations Private Limited and Devaki Hospital Limited. The Memorandum enabled the Company to take on lease the hospital building and purchase the existing medical equipment and miscellaneous fixed assets. The lease is for an initial period of 10 years with an option to the lessee to extend it for a further period of 10 years. A lease Deposit of Rs. 65 lakhs has been paid by the hospital to the lessor. The rent payable per month under the agreement is Rs. 70,000 for a period of 6 years from 1st May 1991. Thereafter, it would be on terms to be mutually agreed upon later. The memorandum also permitted the company to continue using the name DEVAKI HOSPITAL to take advantage of the goodwill generated in earlier years.

PROMOTERS :

The Company has been promoted by Eskeycee Medical Foundations Private Limited (EFPL), Dr K. Chockalingam and associates. EEPL, a private limited company, promoted by Dr.K. Chockalingam, has been running Devaki Hospital, Mylapore since 1978. Dr K. Chockalingam, MBBS FRCS, a leading surgeon in traumatology (accident and emergency) is a practitioner with over 2 decades of experience in the field. He has worked in Hospitals in U.K. including Weymouth Hospital and Isle of Wight Health Authority and was a Honorary Surgeon in Madras Medical College. Dr. Chockalingam is one of the few nationally recognised trauma surgeons particularly in private sector hospitals.

2004

-Dhanalakshmi Bank gets nod to take over part of Devaki Hospital

2008

-Company name has been changed from Devaki Hospital Ltd to Chennai Meenakshi Multispeciality Hospital Ltd.

2009

- Chennai Meenakshi Multispeciality Hospital Ltd has appointed Dr. S Kameswaran as Additional Director (Independent non executive) of the Company with effect from.
 
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