Devi Shetty

$2.58 B

Ranked #1635 in World

About Devi Shetty

Dr. Devi Prasad Shetty, an acclaimed Indian entrepreneur and pioneering cardiac surgeon, is the chairman and founder of Narayana Health, a network of 21 medical centers across India. Born in Kinnigoli, Karnataka, Shetty's illustrious career includes over 100,000 heart surgeries, significantly contributing to his recognition with prestigious awards such as the Padma Shri (2004) and Padma Bhushan (2012). A graduate of Kasturba Medical College, Mangalore, and the Royal College of Surgeons, England, Shetty's return to India in 1989 marked the beginning of a quest to democratize healthcare. His vision led to the inception of Narayana Hrudayalaya in 2001 in Bangalore, epitomizing his commitment to reducing medical expenses through economies of scale, a philosophy which has earned him the title "the Henry Ford of heart surgery" by The Wall Street Journal. Aimed at finance readers, this summary encapsulates Shetty's journey, highlighting his foundational contributions towards low-cost healthcare, his notable achievements, and his ongoing endeavors to expand affordable medical services globally.

Born

January 01, 1953 in Kinnigoli, South Canara district, Madras State, (present-day Karnataka) India

Age

73 years

Source Of Wealth

Healthcare

Industries

Healthcare

Citizenship

India

Residence

Bangalore

Education

Medical Doctor, University of Mysore

Devi Prasad Shetty, an Indian entrepreneur and cardiac surgeon, was born in Kinnigoli, Karnataka, India. Inspired by Christiaan Barnard's first heart transplant, Shetty decided to pursue a career as a heart surgeon.

Devi Shetty: Family

Information about Devi Prasad Shetty's family is not provided in the given context.

Devi Shetty: Career Highlights

After completing his medical education, Shetty returned to India in 1989 and worked at B.M. Birla Hospital in Kolkata. He performed the first neonatal heart surgery in India in 1992 and served as Mother Teresa's personal physician after operating on her following a heart attack.

In 2001, Shetty founded Narayana Hrudayalaya (NH) in Bommasandra, Bangalore, with the aim of reducing healthcare costs through economies of scale. He collaborated with Ascension Health to establish a healthcare city in the Cayman Islands and founded the Rabindranath Tagore International Institute of Cardiac Sciences (RTIICS) in Kolkata.

Shetty also signed MOUs with the Karnataka Government to build a 5,000-bed specialty hospital near Bangalore International Airport and with the Government of Gujarat to set up a 5,000-bed hospital in Ahmedabad.

Devi Shetty: Companies

Devi Prasad Shetty is the chairman and founder of Narayana Health, a chain of 21 medical centers in India. He also founded the Rabindranath Tagore International Institute of Cardiac Sciences (RTIICS) in Kolkata.

Devi Shetty: Major Achievements

Shetty has performed over 100,000 heart operations and is known for his pioneering work in low-cost healthcare. He has been referred to as "the Henry Ford of heart surgery" by The Wall Street Journal and aims to expand his healthcare services to 30,000 beds in India, Africa, and Asia.

Shetty has implemented various cost-cutting measures, such as cheaper scrubs and cross ventilation, and has reduced the price of coronary bypass surgery by half. He aims to further reduce the price to $800 within a decade and provides substantial free care, especially for poor children.

Devi Shetty: Awards & Achievements

Devi Prasad Shetty has received numerous awards and recognitions for his contributions to medicine and healthcare, including the Padma Bhushan award for Medicine (2012), Karnataka Ratna award (2001), Entrepreneur of the Year at ET awards (2012), The Economist Innovation Awards for the Business process field (2011), and honorary degrees from the University of Minnesota (2011) and Indian Institute of Technology Madras (2014).

He has also received the Schwab Foundation's award (2005), Padma Shri award for Medicine (2004), Dr.

B C Roy award (2003), Sir M. Visvesvaraya Memorial Award (2003), Ernst & Young – Entrepreneur Of The Year – Life Sciences (2012), Ernst & Young – Entrepreneur of the Year – Start-up (2003), Rajyotsava award (2002), and Indian Of The Year (Public Sector) by CNN-IBN (2012).

Devi Shetty: Personal Life & Legacy

Information about Devi Prasad Shetty's personal life and legacy is not provided in the given context.

Devi Shetty: Trivia

Devi Prasad Shetty is known as "Bypasswale Baba" in rural India for his accessible bypass surgeries. He preserves a 75% stake in Narayana Hrudayalaya with his family and pioneered low-cost diagnostic services.

Shetty was featured in the fourth episode of Netflix's docuseries The Surgeon's Cut (2020), which focused on his treatment of patients and his prioritization of low-cost healthcare.

Wealth History

Timeline

1953

Devi Prasad Shetty was born in Kinnigoli, Karnataka, India.

1979

Shetty completed his MBBS degree from Kasturba Medical College, Mangalore.

1989

Shetty returned to India and worked at B.M. Birla Hospital in Kolkata.

1992

Shetty performed the first neonatal heart surgery in India.

2001

Shetty founded Narayana Hrudayalaya (NH) in Bommasandra, Bangalore.

2003

Shetty received the Dr. B C Roy award and the Sir M. Visvesvaraya Memorial Award.

2004

Shetty was awarded the Padma Shri award for Medicine by the Government of India.

2005

Shetty received the Schwab Foundation's award.

2011

Shetty received the Honorary degree from the University of Minnesota and The Economist Innovation Awards for the Business process field.

2012

Shetty was awarded the Padma Bhushan award for Medicine, the Entrepreneur of the Year at ET awards, and the Ernst & Young – Entrepreneur Of The Year – Life Sciences.

2014

Shetty received the Honorary degree from the Indian Institute of Technology Madras.

2020

Shetty was featured in the fourth episode of Netflix's docuseries The Surgeon's Cut.

Devi Shetty : FAQs

What is Devi Shetty's current net worth?

Devi Shetty's current net worth is $2.58 billion.

What is Devi Shetty's current global rank among billionaires?

Devi Shetty holds the 1635th position globally among billionaires.

What is Devi Shetty's current ranking within the India?

Devi Shetty holds the 101st position in India.

What was the change in Devi Shetty's net worth compared to the previous year?

Devi Shetty's net worth decreased by 209.08 million dollars compared to the previous year 2025, when his net worth was 2.79 billion dollars.

What are Devi Shetty's main sources of wealth?

Devi Shetty's main source of income comes from Healthcare.

In which industry does Devi Shetty primarily operate?

Devi Shetty is primarily involved in the Healthcare industry.

What is Devi Shetty educational background?

Devi Shetty holds a Medical Doctor from the University of Mysore.

How old is Devi Shetty?

Devi Shetty is 73 years old.

How many children does Devi Shetty have?

Devi Shetty has 4 children.

Who is Devi Prasad Shetty and what is he known for?

Devi Prasad Shetty is an Indian entrepreneur and cardiac surgeon, known for performing over 100,000 heart operations. He is the chairman and founder of Narayana Health, a chain of 21 medical centers in India, and has been awarded the Padma Shri (2004) and Padma Bhushan (2012) by the Government of India.

What inspired Devi Prasad Shetty to become a heart surgeon, and where did he receive his education?

Devi Prasad Shetty was inspired to become a heart surgeon after hearing about Christiaan Barnard's first heart transplant. He was born in Kinnigoli, Karnataka, India, and completed his MBBS in 1979 and post-graduate work in General Surgery from Kasturba Medical College, Mangalore, followed by an FRCS from the Royal College of Surgeons, England.

What significant contributions has Devi Prasad Shetty made to the field of healthcare?

Devi Prasad Shetty founded Narayana Hrudayalaya (NH) in 2001 and has worked towards reducing healthcare costs through economies of scale. He performed the first neonatal heart surgery in India and has operated on figures such as Mother Teresa. Shetty has also collaborated internationally, including establishing a healthcare city in the Cayman Islands, and signed MOUs for building large-scale hospitals in India.

How does Devi Prasad Shetty aim to make heart surgery affordable, and what recognition has he received for his efforts?

Devi Prasad Shetty aims to reduce heart surgery costs through economies of scale, implementing cost-cutting measures such as cheaper scrubs and cross ventilation. Referred to as 'the Henry Ford of heart surgery,' he plans to expand to 30,000 beds across various regions and aims to reduce the price of coronary bypass surgery significantly. For his revolutionary approach, he has received multiple awards including the Padma Bhushan and Padma Shri for Medicine.

What is the focus of the episode featuring Devi Prasad Shetty in Netflix's docuseries The Surgeon's Cut?

The fourth episode of Netflix's docuseries The Surgeon's Cut, featuring Devi Prasad Shetty, focuses on his treatment of patients with an emphasis on prioritizing low-cost healthcare. The episode showcases Shetty's revolutionary approach to making heart surgery more accessible and affordable for everyone, especially those who are less privileged.