orthopaedics and joint replacements. It has 11 hospitals in Western and Central India, with significant presence in Gujarat, and is expanding to cities such as Varodara, Jaipur, Surat and Mohali. The hospitals are spread between wholley owned, leased and on revenuesharing basis. Orthopaedics contributed 55% of total revenues, of which, 65% comes from joint replacements. Shalby has 15% market share of all joint replacement surgeries conducted by private corporate...