September 19, 2017 5:49 PM ET

Healthcare Providers and Services

Company Overview of Aster DM Healthcare Limited

Company Overview

Aster DM Healthcare Limited operates as a healthcare company in the Middle East, India, and the Far East. It operates hospitals and clinics, pharmacies, diagnostic centers, educational institutions, and healthcare management and healthcare support systems. The company was founded in 1987 and is headquartered in Dubai, the United Arab Emirates.

Tower D – Aspect Towers

33rd Floor, Executive Towers at Bay Avenue

Business Bay

PO Box 8703


United Arab Emirates

Founded in 1987

17,240 Employees


971 4 4546 001


971 4 4546 003

Key Executives for Aster DM Healthcare Limited

Chairman and Managing Director
Age: 64
Chief Financial Officer
Age: 43
Cluster Head of Kerala and Chief Executive Officer of Aster Medcity
Age: 49
Vice President and Chief Executive Officer of Medcare Hospitals & Clinics
Age: 50
Assistant Vice President and Chief Executive Officer of Aster Pharmacy
Age: 46
Compensation as of Fiscal Year 2017.

Aster DM Healthcare Limited Key Developments

Aster DM Healthcare Seeks IPO

Aster DM Healthcare Limited is planning an initial public offering in 2018 as it seeks to take advantage of improved market sentiment for the Persian Gulf. The company aims to sell 10% of shares by October 2018, with a listing either in Mumbai or London, Chief Executive Officer Alisha Moopen said on May 28, 2017 in an interview in Dubai. Proceeds will be used to pay debt and expand, including through acquisition. "We’ve restarted and we do believe it’s looking better," Moopen said at the company’s headquarters in Dubai. "It’s about finding when sentiments are fairly stable."

Aster DM Healthcare Closes $295 Million Credit Facility with Axis Bank

Aster DM Healthcare announced the closure of $295 million, comprehensive group-wide credit facility with Axis Bank. The credit facility included highly attractive terms and conditions which the existing consortium of eight bankers could not match. The company had an overall limit of $276 million with the consortium, out of which only $176 million was drawn so far which was taken over by Axis Bank using this facility, adding that Axis Bank was willing to provide the complete loan as the single sole bank, in place of the consortium looking at the strong financials of the company.

Several Indian Companies To Go Public

A large number of Indian companies have received a nod from the National Stock Exchange with respect to their plans to going public. The following are a few of those, along with the amounts they intend to raise: Aster DM Healthcare Limited (INR 16 billion), Continental Warehousing Corporation (Nhava Seva) Ltd. (Nhava Sheva) (INR 10 billion), Hinduja Leyland Finance Limited (INR 5.3 billion), Security and Intelligence Services (India) Limited (INR 5 billion), G R Infraprojects Limited (INR 4 billion), CL Educate Limited (INR 2.8 billion), K.P.R. Agrochem Limited (INR 2 billion), Nihilent Technologies Limited (INR 1.3 billion), Seaways Shipping and Logistics Limited (INR 1 billion), Shankara Building Products Ltd. (INR 500 million), S Chand And Company Limited (INR 6 billion), Central Depository Services (India) Limited (INR 4 billion), Music Broadcast Limited (INR 4 billion), GTPL Hathway Limited (INR 3 billion), Prataap Snacks Limited (INR 5 billion), Genesis Colors Ltd. (INR 6.5 billion).

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