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Jun, 15 2019

Smiles estimates revenue of $3.5 Million for FY 19-20

The leading Indian institution for colorectal treatment plans to open three more clinics under the expansion plan for 2019.

The pioneer in the field of colorectal treatment and surgery in India, Smiles International Institute of Colo-Proctology (Smiles) estimates revenue of $3.5 million for FY 19-20. SMILES International Institute of Colo-Proctology, one of the First Integrated colo-rectal hospitals in India, has already generated revenue of Rs 6.9 crore in the first financial year of 2018-19 after the launch.

Smiles had opened an outreach clinic on 10th April 2019 followed by three more clinics in the year 2019 at Silk board/ HSR, Whitefield, and Nagarbhavi in Bengaluru. Smiles currently has one tertiary care center in Bengaluru at Yashwant, Mathikere with India 1st Fourth generation laser machine for colorectal treatment and surgery. The leading medical institute is re-defining the shape of colorectal treatments with minimally invasive, painless, bloodless & cost effective procedures to everyone.

Dr. Parameshwara C M, Chief, Smiles, said, “In India, colorectal cancer stands fourth in men and third in women with respect to incidence and mortality rates. The statistics are a great obstruction in ensuring quality healthcare across this nation. After I encountered strange incidents with my friend, a surgeon himself suffering from colorectal problem, I laid the foundation of Smiles IICP with an aim to serve millions of Indians suffering from colorectal diseases.”

“With the establishment of three new clinics with advanced facilities, we aim to cover the complete region with our best-in-class advanced treatment for all colorectal problems. The revenues of our first financial year have already proven our success. We are certain to exceed the revenue of $3.5 Million in the FY 19-20 and continue our expansion across India,” he added.

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