Prathap C. Reddy: Founder Chairman of Apollo Hospitals

Megha Rani

Apr 5, 2021 — 6 min read

Prathap C. Reddy is a cardiologist and an Indian entrepreneur who founded the first Indian hospital chain, Apollo Hospitals based in Chennai, India. He is the Founder Chairman of Apollo Hospitals. He was ranked 48th in the 2017 list of India's 50 most powerful people by India Today. He once explained how he steered India's bureaucracy to the country while getting interviewed at the Harvard Business School for Creating Emerging Marketing. He is also the Founder of Lanka Hospitals, located at Baseline Road near Central Colombo. As of 2020, he has an estimated net worth of $500 million.

Prathap C. Reddy- Biography

Name	Prathap Chandra Reddy
Born	5 February, 1933
Birthplace	Chittoor, Andhra Pradesh, India
Age	88 (2021)
Nationality	Indian
Education	Stanley Medical College, Chennai; Madras Christian College
Profession	Physician; Businessman
Position	Founder Chairman of Apollo Hospitals; Founder of Lanka Hospitals
Net worth	$500 million (2020)
Awards	Padma Vibhushan (2010 ); Padma Bhushan(1991)
Biography	Healer: Dr. Prathap C Reddy and the Transformation of India by Pranay Gupte
Spouse	Sucharita Reddy
Daughters	Preetha Reddy; Shobana Kamineni; Suneta Reddy; Sangeetha Reddy

Prathap C. Reddy- Personal Life
Prathap C. Reddy- Education
Prathap C. Reddy- Professional Life
Prathap C. Reddy- Founder of Apollo Hospitals
Prathap C. Reddy- Founder of Lanka Hospitals
Prathap C. Reddy- Honors & Awards

Prathap C. Reddy- Personal Life

Owner of Apollo Hospital - Prathap C. Reddy

Prathap was born in Aragonda, Madras Presidency, British India (at present, Chittoor, Andhra Pradesh, India). He likes to meditate and pray and is highly influenced by mythology, astrology and godmen.

He has four daughters, Preetha Reddy, Sangita Reddy, Suneeta Reddy, and Shobana Kamineni. They all work as the directors in the Apollo Hospitals. His grand-daughter, Upasana is married to one of the most popular actors in Telugu cinema, Ram Charan.

Prathap C. Reddy- Education

Prathap pursued his medical education from Stanley Medical College in Chennai. He further worked at Massachusetts General Hospital. He also practiced medicine at Boston Missouri State Chest Hospital, USA.

Prathap C. Reddy- Professional Life

Prathap is an entrepreneur and pioneer from a very young age. He made a cardinal business mistake while expanding it to Sri Lanka. When two of his daughters wanted to become doctors, he discouraged them. And, now he wants one of his grandsons to become one.

While working at Massachusetts General in Boston, he was once slapped by a patient enraged at being treated by an Indian doctor. He is so humble as a doctor that he requested the director not to take any action against the patient. He further founded Apollo Hospitals and Lanka Hospitals.

Prathap C. Reddy- Founder of Apollo Hospitals

Prathap founded Apollo Hospitals in Chennai in 1979. He serves as the Founder Chairman of the chain of corporate hospitals and it grew to 38 owned and 13 managed, treating patients from 120 countries. Under his leadership, Apollo Hospitals created opportunities that brought Indian doctors settled abroad back to India.

He cordially invested in technology and helped specialists to advance professionally. He worked to built a soothing environment into Indian hospitals with the implementation of emergency services and a culture of competence.

Prathap C. Reddy- Founder of Lanka Hospitals

Prathap founded the tertiary care hospital, Lanka Hospital in Sri Lanka and it is one of the largest hospitals in the country. It is a subsidiary of the parent company, Sri Lanka Insurance Corporation.

Lanka Hospital was previously owned by Apollo Hospitals. The hospital was enlisted in 2002 as a branch of Apollo Hospitals. However, Sri Lanka Insurance took the hospital in 2006. The hospital was cordially renamed in 2009 abiding by the licensed and support services agreement with Apollo Hospital.

Prathap C. Reddy- Honors & Awards

He received the Lions Humanitarian Award by Apollo Hospitals in 2018
Asian Business Leaders Lifetime Achievement award in January 2013
CNBC TV18 Lifetime Achievement award for India Business Leaders Awards in January 2013
NDTV Indian Lifetime Achievement award in January 2013
Apollo Hospitals won the G20 challenge on inclusive business innovation for the Apollo Reach Hospitals initiative in January 2012
FICCI conferred him with the Lifetime Achievement Award in January 2011
Lifetime Contribution Award from AIMA in January 2011
Excellence Lifetime Achievement Award by the Alexandria - Frost & Sullivan 2010
The Indian Government awarded him the Padma Vibhushan, India's second-highest civilian award in January 2010
Lifetime Achievement award in January 2010
The Government of India honored Apollo Hospitals with a Commemorative Postage Stamp in January 2009
He was the Appointed Chairman of the CII National Healthcare Committee in January 2007
Modern Medicare Excellence Award by ICICI Group in January 2006 for excellent achievement in the healthcare industry among others.
The "Asia - Pacific Bio leadership Award" from Marshall School of Business in January 2005
Franchise Award for Excellence in Business Development (January 2004)
Life Time Achievement Award (January 2002)
Ernst & Young "Entrepreneur of the Year" award (January 2001)
He received the Fellowship Ad Hominem (January 2000)
Sir Nilrattan Sircar Memorial Oration (JIMA) for solely taking care for a vast section of society (January 1998)
Business India ranked him in Top 50 personalities who made a difference to India since Independence (January 1997)
He was recognized as Mother St Teresa's Citizen of the Year Award in January 1993 for pioneering efforts in healthcare
In 1992, he was invited by the Government of India to be member of the Working Group on Health Financing and Management
He was conferred with the Padma Bhushan, India's third highest civilian award in 1991 for his contribution to the private healthcare sector
He received Asia Pacific Bio Business Leadership Award from the University of Southern California