Selection Criteria
Consolidated Framework
| Dimension | Parameter | Weightage (%) | Remarks |
| Revenue | 5 year CAGR of revenue growth | 9% | How much quicker has the company grown over the industry/ sector growth rate? |
| 5 year CAGR of EBITDA growth | 9% | How many times (multiples) have revenues grown in the last 5 years? Eg: Year 1 was INR 10 Cr, Year 5 is 50 Cr. Hence 5x growth | |
| 5 year CAGR of ROE | 8% | CAGR of Return on Equity | |
| 25% | |||
| Community/ Social development | Green leadership | 3% | Usage of eco-friendly materials/ construction and usage practices at manufacturing plants and office spaces. Initiatives to reduce energy consumption |
| CSR contribution | 5% | % of revenues kept aside for CSR activities/ philanthropic foundation | |
| 8% | |||
| Organizational leadership | Share of diverse employees in total workforce (women, physically challenged, transgender, etc) | 2% | |
| Initiatives/ policies in place (publicly stated) to improve diversity and inclusion in workforce | 2% | ||
| Diverse and independent Board | 2% | Share of Board members who are not related to the Founder/ Promoter and come from diverse backgrounds | |
| 6% | |||
| Awards and recognition | Number of international awards received in last 5 years for innovation/ qualtiy/ patient centricity | 4% | |
| Number of national awards received in last 5 years for innovation/ qualtiy/ patient centricity | 2% | ||
| 6% | |||
| Total | 45% |
Segment sepecific parameters 55%
Sector-Dimension
| Product/ Service category presence | Geographical presence | Manufacturing Presence | Innovation | International partnerships | Patient/ Customer centricity | ||
| Pharma | a)Number of product categories present in with revenues >5% of total sales b)Number of therapy areas present |
a)% of revenues from outside India | a)Number of patents awarded in last 5 years b)Spend on R&D as % of total revenues (average for last 5 years) c)Number of new products launched in last 5 years d)Number of unique products launched in last 5 years |
a)Count of number of partnerships with International companies/ agencies for product development | a)Mobile app/ website/ helpline to support and educate customers b)Collaboration with HCPs (Health Care Providers) for improving patient lives and product features c)Patient Assistance Programme (PAP) |
||
| Weightage% | 10% | 5% | 0% | 20% | 5% | 15% | 55% |
| Med Devices | a)Number of product categories present in with revenues >5% of total sales | a)% of revenues from outside India | a)% of sales from domestic manufacturing | a)Number of patents awarded in last 5 years b)Spend on R&D as % of total revenues (average for last 5 years) c)Number of new products launched in last 5 years d)Number of unique products launched in last 5 years |
a)Count of number of partnerships with International companies/ agencies for product development | a)Mobile app/ website/ helpline to support and educate customers b)Collaboration with HCPs (Health Care Providers) for improving patient lives and product features |
|
| Weightage % | 5% | 5% | 5% | 20% | 5% | 15% | 55% |
| Diagnostics lab | a) no. of centers b) Share of centers in tier II/III c) Share of centers outside India |
a)Colllaboration with Pharma/ Agencies for research/ clinical trials/ studies b) Number of new services/ tests launched in last 5 years c) Number of unique services/ tests launched in last 5 years |
a)Count of number of partnerships with hospitals/donor agencies?NGOs | a) Mobile app/ website/ helpline to provide updates/ test results b) home pick up of samples c) Turnaround time for routine tests |
|||
| weightage % | 0% | 15% | 0% | 20% | 5% | 15% | 55% |
| Health Insurance | Types of insurance prods | a) Num of hospitals covered | a) Unique insurance prods b) Online claims raising/ settlement c) Online policy |
Tie-ups with Hospitals, Diagnostic Labs | a) Claim settlement ratio b) Turnaround time for settlement |
||
| Weightage% | 10% | 5% | 0% | 20% | 5% | 15% | 55% |
| Ayurveda Centers | Types of treatments | a) Num of hospitals b) Num of beds |
a) Unique treatments offered b) Partnership for clinical studies c) Telemedicine d) Usage of Electronic Medical Records e) ISO/ NABH/ similar quality certifications |
a) International tie-ups with other leading hospitals/ clinincs b) Tie-ups for clinical studies |
a) Support for financially weak patients b) Ease of setting up appointments c) Home check-up and sample collection d) Customised packages |
||
| Weightage% | 10% | 5% | 0% | 20% | 5% | 15% | 55% |
| Ecommerce | Prod types covered (OTCs, Generics, Prescription drugs, Med Devices, etc) | Pin codes covered | a) Delivery lead time – same day/ few hours delivery? b) Inventory models – marketplace only? Marketplace plus own inventory? Direct tie-up with OEMs? |
Tie-ups with Pharma, Med Dev, Distributors | a) Ease of use of app/ website b) Real-time visibility and traceability of deliveries to customers c) Customer retention rate |
||
| Weightage% | 10% | 5% | 0% | 20% | 5% | 15% | 55% |
| Hospital | Types of treatments | a) Num of hospitals b) Num of beds |
a) Unique treatments offered b) Partnership for clinical studies c) Telemedicine d) Usage of Electronic Medical Records e) ISO/ NABH/ similar quality certifications |
a) International tie-ups with other leading hospitals/ clinincs b) Tie-ups for clinical studies |
a) Support for financially weak patients b) Ease of setting up appointments c) Home check-up and sample collection d) Customised packages |
||
| Weightage% | 10% | 5% | 0% | 20% | 5% | 15% | 55% |
| Telemedicine | Disease/ treatment types covered | a) Num of towns covered b) Share of business from tier II/ III |
a) Simplifying usage/ access to platform with minimal hardware/ internet requirements b) Integration with offline care c) HIPAA compliant app d) Multiple pricing models |
Tie-ups with Hospitals, Diagnostic Labs, e-pharmacies | a) Ease of setting up appointments through app/ site/ helpline | ||
| Weightage% | 10% | 5% | 0% | 20% | 5% | 15% | 55% |
| Medical Tourism | a) Disease/ treatment types covered b) Medical Second Opinion Service (MSOS), Continuity of Care (COC), Second Opinion Board Review (SOBR) |
a) Num of hospitals b) Share of revenues from medical tourists outside India |
a) Services like Yoga, besides for treatment of diseases | a) International tie-ups b) Tie-ups for specialised treatments |
a) Customised packages b) Assistance with visa/ passport |
||
| Weightage% | 10% | 5% | 0% | 20% | 5% | 15% | 55% |
| Health and Wellness | a) Revenue of the brand is more than the average revenue for the category (2021) b) Total number of customers is more than the category average (2021) |
Geographical presence is in A. Multiple countries B. Multiple states within India |
a) No. of innovative product / application / service in health domain | a) Accreditation by international standards such as Food Safety System Certification (FSSC), International Organization for Standardization (ISO) / National Sanitation Foundation (NSF) b)Products conform to international standards such as Federal Communications Commission (FCC), European Commission (EEC), etc. |
a)Are the trainers / instructors certified in providing the required services b) Preventive meaures being taken to ensure consumer safety such fully equipped labs, QA processes |
||
| Weightage% | 10% | 5% | 0% | 10% | 10% | 20% | 55% |
