Nidan Laboratories & Healthcare Ltd share Price Today

The Company was originally incorporated as Abhi Diagnostic Imagings Private Limited on December 05, 2000 under the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Maharashtra. Subsequently, name of the Company changed from "Abhi Diagnostic Imagings Private Limited" to "Nidan Laboratories And Healthcare Private Limited" under the Companies Act, 2013 pursuant to a Special Resolution passed by Shareholders at the EGM held on February 26, 2021 and had obtained fresh Certificate of Incorporation dated March 24, 2021 issued by the Registrar of Companies, Maharashtra. Subsequently, Company got converted into a Public Limited Company and name of the Company was changed to `Nidan Laboratories And Healthcare Limited` and a fresh Certificate of Incorporation consequent upon conversion to Public Limited Company was issued by the Registrar of Companies, Mumbai, Maharashtra, on May 24, 2021. The Company carry on the business of Diagnostic Centre, such as X-Ray, Sonography, 2 D ECHO, PFT, CST, C.T. Scan, MRI etc., Blood Bank, Pathology Laboratories, Dialysis Unit, Intensive Care Unit, Burn & Poisoning Centre and Poly Clinic. Nidan was established as a Proprietary Firm in 1994 by Promoter, Dr. Nitin Vithalrao Throve in the Northern District of Mumbai where diagnostic services was provided under one roof at reliable and affordable price. The Company came into existence in the year 2000. The business was carried out under the sole proprietorship, which was later taken over by the Company in 2000. From the year 2000 onwards, he expanded the diagnostic`s business by setting up various centres within the Northern District of Mumbai and Pune and Southern District of Pune. Nearly 30 diagnostic cum collection centres are operational under the brand name of "Nidan Healthcare" and offer radiology, neurology, cardiology, dental as well as pathology services. Out of the 35 Centre`s, 16 centre`s are under the Franchisee model where 1 centre acts as a fully operated diagnostic centre and 15 centres act solely as standalone collection centres. The Company provide integrated diagnostics services to more than 1 million patients per year. To enable the patients easily distinguish its pathology and radiology services, the Company introduced "NIDANPATH" and "NIDAN DIAGNOSTICS" respectively in the year 2017. Since 2000, private and government hospitals have been using the services and diagnostics centres for various pathology and radiology tests. The Company successfully set its diagnostics centre in Asian Heart Hospital, Mumbai under the name of "Asian Nidan Imaging Centre". The Company offer a comprehensive range of approximately 740 routine and 3000 specialized pathology tests and approximately 220 basic and 320 advanced radiology tests that cover a range of specialties and disciplines. The diagnostic services of Nidan are provided by a medical professional team consisting of 94 laboratory doctors, radiologists, physicians and 256 well-trained technical staff in the operational network. All of the Company centres are Pre-Conception and Pre-Natal Diagnostic Techniques (PCPNDT) accreditations. The diagnostic centres of the Company are designed in accordance with certain specifications, which include requirements in relation to design of work area, physical infrastructure and placement of technical equipment. The Company specializes in all diagnostic services under one roof consisting of all kind of Pathological tests of Blood, Urine, Stool, etc., Radiological tests like CT Scan, MRI, X-Ray, Ultrasound Sonography, Cardiological Tests like ECG, Stress Test, 2 D Echo, etc., Neurological Test like EMG, EEG, etc. The Company test menu includes pathology tests ranging from basic biochemistry and clinical pathology to cytogenetic and high-end molecular diagnostic tests, and radiology tests ranging from basic echocardiograms, X-Rays and ultrasounds to advanced radiology tests including computerized tomography (CT) scans and magnetic resonance imaging (MRI) scans. The Company offer a broad spectrum of health and wellness packages to customers as per their requirements. It focus on a customer centric approach to enhance the overall quality of services for optimal customer satisfaction. For convenience of the customers, Nidan Labs & Healthcare provide value-added services such as home collection of specimens, house calls and various delivery or access modes, i.e., at diagnostic Centre`s, SMS, email, web and mobile portal for test reports. Several factors, including the strength of its brand, integrated services model, quality of diagnostic services, center infrastructure and customer experience, convenience of operational network and home collection in core geographies are the important differentiating factors in customer choosing clients as their preferred diagnostic service provider, which helps them in retaining customers, and sets them apart from its competitors. The Company gained best name in radiology as well as in pathology. As part of it, the Company has also tied up with best pathology Partners like Metropolis Laboratories Limited. It introduced a wide range of home visit sources not limited to pathology only, which includes Pathology-ECG, EEG, EMG, BMD, X-Rays, AMBP and Cardiac Holter; introduced "No Profit-Affordable Health Model" and Packages wherein it offer services at a discounted rate. The Company has come out with unique appointment booking mobile application under the name of "NIDAN HEALTHCARE" which is supported by self-indigenous software called "Nidan Operation Management (NOM)." This unique app enables the patients to book appointments "For Any test. From Anywhere. At Any-time. By choosing particular time slot for test. By knowing the exact cost of test. By paying the exact amount online. By getting the exact instructions of preparation for particular test." The Company intends to introduce online Health Care Consultancy Services, Health Care Services (Medical), Hospital And Diagnostic Services under the brand name "HEALTHEXPEDIA", "TRUFIT CLINIC" and "NIDAN HEALTHMALL". The introduction of these strategies which have been widely accepted patients, especially in the era of Covid-19, have assisted the Company in changing the dynamisms of its business and traditional way of booking appointments and conducting tests. With the largest and fastest growing diagnostic chain with dominant position in Northern District of Mumbai, the Company is well positioned to leverage the high growth in Indian diagnostics industry. Keeping this in mind, the Company proposes to expand diagnostic and collection centres PAN Mumbai by entering into Joint Ventures with various Laboratories such as Metropolis Healthcare Limited, SRL Diagnostics, etc., on the terms and conditions as agreed between the parties. The Company has entered into a APSC Agreement with Metropolis Healthcare Limited as well and over the next 5 years, intends to set up more centres PAN India, either by acquiring brown field projects especially in Rajasthan, Punjab or by using "Hub and Spoke Model" within the Metro cities of India. In 2019, the Company received several awards that recognized the strength of its brand and focused on offering superior diagnostic services. For examples, Nidan was recognized as Best Diagnostic Chain of India Award 2019, in Category of over 20 diagnostic centres by Express Healthcare Division of The Indian Express Group. The Company also earned a reputation among its clients by winning several accolades and client appreciation that testify the commitment levels and effective deliveries of good work.

Nidan Laboratories & Healthcare share price as on 19 Apr 2024 is Rs. 29. Over the past 6 months, the Nidan Laboratories & Healthcare share price has decreased by 13.82% and in the last one year, it has decreased by 27.5%. The 52-week low for Nidan Laboratories & Healthcare share price was Rs. 27 and 52-week high was Rs. 57.7.