BillionaireNet
Reddy
Prathap Reddy
Rank #1267
INDIAHealthcareHealthcare

Prathap Reddy

Net Worth
$3.191B
+0.03% (24h)
Dr. Prathap C. Reddy is a renowned Indian cardiologist and entrepreneur, celebrated as the founder of Apollo Hospitals, the first corporate chain of hospitals in India. Born on February 5, 1933, Dr. Reddy's journey began with a vision to make world-class healthcare accessible to all. His career spans decades of pioneering contributions to healthcare in India. He is known for his dedication to improving healthcare access, which led to the establishment of Apollo Hospitals in 1983. His net worth is currently estimated at $3.2 billion, and he is a self-made billionaire. His leadership has significantly impacted the healthcare landscape in India, transforming it into a destination for quality medical care. He continues to be involved in the Apollo Hospitals Group, even at 93 years old.

The Full Dossier

Early Life

Prathap C. Reddy was born on February 5, 1933, in Aragonda, Andhra Pradesh, India. Growing up in a rural area, he witnessed the lack of healthcare infrastructure firsthand. This experience fueled his ambition to create a better healthcare system in India. He pursued his medical degree at Stanley Medical College in Chennai. Later, he trained in cardiology in the UK and the US, which exposed him to advanced medical technologies and healthcare systems. His experiences abroad inspired him to return to India and build a domestic healthcare system.

Rise to Success

In 1983, Dr. Reddy founded Apollo Hospitals, which became the first corporate chain of hospitals in India. His vision was to provide world-class healthcare to the people of India. Apollo Hospitals expanded rapidly, and under his leadership, it grew to become one of the largest healthcare providers in Asia. The group operates over 70 hospitals, 6,000 pharmacies and 2,500+ clinics and diagnostic centers. Reddy's commitment to excellence and innovation has earned him numerous awards and recognition, including the Padma Bhushan in 1991 and the Padma Vibhushan in 2010.

Key Business Strategies

Dr. Reddy's key business strategies have focused on providing high-quality, accessible, and affordable healthcare. He pioneered the concept of corporate healthcare in India and emphasized the importance of advanced medical technology and skilled medical professionals. He also launched the Apollo 24/7 digital health app, which revolutionized telemedicine and online consultations. His vision includes a commitment to patient care and a focus on creating an integrated ecosystem of care.

Philanthropy

Dr. Reddy has always been deeply involved in philanthropic initiatives. His Total Health Foundation aims to uplift individuals physically, mentally, emotionally, financially, and spiritually, building inclusive communities. He has been involved in telemedicine, making high-quality medical care accessible to even the remotest corners of India.

Career Timeline

2022

Forbes India Leadership Award

Awarded the 11th Forbes India Leadership Award.

2022

IMA Lifetime Achievement Award

Honored with a Lifetime Achievement Award by the Indian Medical Association.

2018

Lions Humanitarian Award

Conferred the Lions Humanitarian Award by Apollo Hospitals.

2017

Ranked by India Today

Ranked 48th in India Today's list of India's 50 most powerful people.

2010

Padma Vibhushan

Awarded the Padma Vibhushan, India's second-highest civilian honor.

1991

Padma Bhushan

Awarded the Padma Bhushan by the Indian government.

1983

Founded Apollo Hospitals

Established Apollo Hospitals, the first corporate hospital in India.

1968

Returned to India

Returned to India after training in Cardiology in the US.

1958

Medical Degree

Graduated from Kurnool Medical College.

Philanthropic Impact

Community DevelopmentUndisclosed

Total Health Foundation

Focuses on community development and uplifting individuals.

Wealth Trajectory