Krishna Institute of Medical Sciences Ltd. Company History and Annual Growth Details

The Company was incorporated as ‘Jagjit Singh and Sons Private Limited’, a private limited company under the Companies Act, 1956, with a certificate of incorporation issued by the Registrar of Companies, Maharashtra on July 26, 1973 at Mumbai. the Company changed the location of its registered office from the State of Maharashtra to the erstwhile State of Andhra Pradesh, pursuant to an order dated January 29, 2003 by the Company Law Board, Western Region Bench, Mumbai (“Order”) and the registration of the Order vide certificate of registration dated February 21, 2003 by the RoC (then the Assistant Registrar of Companies, Andhra Pradesh). Subsequently, the name of the Company was changed to ‘Krishna Institute of Medical Sciences Private Limited’, pursuant to a letter of approval from the GoI dated January 2, 2004 and a fresh certificate of incorporation issued by the RoC on January 2, 2004. Pursuant to the conversion of the Company to a public limited company, the name was changed to ‘Krishna Institute of Medical Sciences Limited’ and the RoC issued a fresh certificate of incorporation on January 29, 2004. Until the year 2003, the Company was owned, managed and controlled by Jagjit Singh and certain of his family members, who together owned the entire shareholding of the Company. On February 15, 2003, acting in pursuance of the Takeover MoU, certain of the Promoters, namely Dr. Bhaskara Rao Bollineni and BRMH, along with certain other individuals and entities, acquired the entire equity share capital of the Company (then ‘Jagjit Singh and Sons Private Limited’). We have not been able to trace the complete set of documents pertaining to corporate, accounting, financial, legal and other statutory records, including any supporting documents and/or RoC filings for the period prior to the Takeover MoU. Therefore, we are unable to conclusively ascertain, amongst others, all amendments to the Memorandum of Association of the Company until February 2003.

Major events and milestones of the Company :

2000

- KIMS Nellore established by BRMH. The business division of BRMH, including the hospital, was transferred to the Company pursuant to the 2012 Scheme.

2004

- KIMS Secunderabad established by the Company

2010

- Investment by Milestone Private Equity Fund (“MPEF”) in the Company

2014

- KIMS Kondapur established by KHEPL, the Subsidiary*

- Acquisition of 57.83% of the equity shareholding of Arunodaya Hospitals Private Limited

2015

- Investment by India Advantage Fund (“IAF”) and Emerging India Fund (“EIF”) and exit of MPEF from the Company pursuant to the share purchase agreement dated June 23, 2014 entered into between, amongst others, IAF, EIF and MPEF

2017

- Acquisition of KIMS Ongole by way of slump sale agreement

2019

- Acquisition of 51% of the equity shareholding of ICIMSPL

- Acquisition of 80% of the equity shareholding of SIMSPL

- Investment by General Atlantic in the Company and exit of IAF and EIF from the Company pursuant to the share purchase agreement dated June 14, 2018 entered into between, amongst others, General Atlantic, IAF and EIF

2020

-Acquisition of 55% of the equity shareholding of KHKPL