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In the world today
Devi Shetty

Devi Shetty

D. Shetty
-0.34% | - $-9.16M
$2.66 B ₹ 24,183 Cr
Real Time Net Worth #1557 Ranking as of 21 Feb 2026 By Forbes

More on Devi Shetty

Gender

Male

Age

72Y

Country

India

Born On

May, 1953

Deceased

No

Relationship Status

Married

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Hospitals)

Primary Organization

Narayana Health

Titles

Founder & Chairman

Sources of Wealth

Narayana Health

Industry

Healthcare, Hospitals

About Devi Shetty


D r. Devi Prasad Shetty is an Indian cardiac surgeon and self-made billionaire who has revolutionized healthcare in India. He is the founder and chairman of Narayana Health (formerly Narayana Hrudayalaya), a chain of hospitals that has made high-quality heart surgery and other advanced medical procedures affordable for the masses. He was famously the personal physician to Mother Teresa.

Driven by the mission to make healthcare accessible to all, Dr. Shetty pioneered a low-cost, high-volume model for his hospitals. By focusing on operational efficiency, economies of scale, and process innovation—often compared to an assembly line—he has been able to dramatically reduce the cost of complex procedures like open-heart surgery to a fraction of the cost in the Western world, while maintaining high-quality outcomes. He has built Narayana Health into a major publicly traded hospital chain, and his innovative model has been studied globally as a solution for affordable healthcare.

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Quick Reads


  • An Indian cardiac surgeon and founder of the hospital chain Narayana Health.
  • Known for making high-quality heart surgery affordable for the masses.
  • Pioneered a low-cost, high-volume 'assembly line' model for healthcare.
  • Was a personal physician to Mother Teresa.
  • His company is publicly listed, and he remains its chairman.

Early Life and Background


Dr. Devi Prasad Shetty is an Indian cardiothoracic surgeon, the self-made billionaire founder and Chairman of Narayana Health (NSE: NARAYANA), a major network of multi-specialty hospitals dedicated to providing affordable and accessible quality healthcare. Born in Kinnigoli, Karnataka, in 1953, he was the eighth of nine siblings.

His interest in cardiac surgery was sparked during his primary school years. He graduated with his medical degrees from Kasturba Medical College, Mangalore, and completed advanced cardiothoracic surgical training at Guy's Hospital in London, U.K. After returning to India in 1989, he achieved a major medical milestone by performing India's first neonatal heart surgery on a 21-day-old infant in 1992. He also served as the personal physician for Mother Teresa in 1996.

Career Journey of Devi Shetty


Dr. Devi Shetty founded Narayana Hrudayalaya (now Narayana Health) in 2000 with an audacious vision: create an economically sustainable model that could provide high-quality cardiac surgery and complex medical care at the lowest cost possible, making it accessible to India's poor. His model, often studied by the Harvard Business School, is built on high volume, efficient process automation, and technology to drive down clinical errors and costs.

Under his leadership, Narayana Health expanded into a network of multi-specialty hospitals, specializing in cardiac care but growing into a full-service provider. His innovative ideas led him to pioneer Yeshaswini, a very inexpensive micro health insurance scheme benefiting over 4.3 million rural poor in Karnataka. His structural contribution is the successful proof that quality healthcare can be affordable and accessible for every single individual, securing his multi-billion dollar fortune and cementing his legacy as a revolutionary healthcare entrepreneur.

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Devi Shetty's Timeline


1989:

Returns to India after surgical training in London (Career Entry).

1992:

Performs India's first neonatal heart surgery (Medical Milestone).

1996:

Serves as personal physician for Mother Teresa (Personal Honor).

2000:

Founds Narayana Hrudayalaya (now Narayana Health) (Founding).

2002:

Pioneers the Yeshaswini micro health insurance scheme (Social Innovation).

2015:

Narayana Health executes its successful IPO (Financial Milestone).

Ongoing:

Continues as Founder and Chairman, guiding the low-cost healthcare revolution (Executive Leadership).

Major Business Ventures and Investments


Dr. Devi Shetty's wealth is concentrated in his founding equity and continued executive leadership of the publicly listed healthcare giant, Narayana Health (NSE: NARAYANA).

  • Narayana Health (Founder & Chairman): The core asset, a major network of multi-specialty hospitals famous for its model of low-cost, high-volume cardiac and complex medical care.
  • Yeshaswini Scheme (Pioneer): The highly successful, inexpensive micro health insurance scheme he pioneered, benefiting millions of rural poor.
  • Technology Focus: He is a strong advocate of technology for efficient healthcare delivery, personally interested in creating software and applications to minimize clinical errors and costs.
  • Medical Innovation: He holds a U.S. Patent as an inventor for a novel surgical treatment.

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Philanthropy and Social Impact


Dr. Devi Shetty's social impact is massive, structural, and humanitarian: his model made complex medical and cardiac surgery affordable for the global poor. The Yeshaswini micro health insurance scheme is a landmark social innovation that extended coverage to millions of rural citizens.

He is a recipient of the Padma Bhushan and Padma Shri (India's national honors), the Economist Innovation Award, and the Nikkei Asia Prize. His commitment is to the ethical delivery of healthcare, proving that business principles can be successfully applied to solve the massive problem of medical affordability.

Fashion, Style, and Lifestyle


Dr. Devi Shetty maintains the professional, humble style of a dedicated cardiac surgeon. His attire is consistently professional and conservative, often featuring simple business suits or his surgical scrubs. His aesthetic is one of serious authority, rooted in his medical expertise and humanitarian mission.

Residing in Bengaluru, his luxury is the profound security and autonomy derived from his multi-billion dollar fortune, which he leverages entirely to fund and expand his model of affordable, quality healthcare globally.

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Quotes and Philosophy


“Quality healthcare can be affordable and accessible for every single individual.”

Fun Facts & Trivia


  • He performed India's first neonatal heart surgery (on a 21-day-old infant).
  • He was the personal physician for Mother Teresa in 1996.
  • He founded Narayana Health, known for its model of low-cost, high-volume cardiac care.
  • He pioneered the Yeshaswini micro health insurance scheme, benefiting millions of rural poor.
  • His business model is a case study at Harvard Business School.
  • He is a strong advocate for technology in healthcare to minimize clinical errors.
  • He is a recipient of the Padma Bhushan and the Economist Innovation Award.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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