SMILES generated a revenue of $ 1 million in first financial year of 2018-19 after launch
SMILES International Institute of Colo-Proctology (Smiles) estimates revenue of $ 3.5 million for FY 19-20. SMILES International Institute of Colo-Proctology has already generated revenue of Rs 6.9 cr. i.e. nearly $ 1 million in the first financial year of 2018-19 after the launch.
SMILES recently opened an outreach clinic, followed by three more clinics at Silk board/ HSR, Whitefield, and Nagarbhavi in Bengaluru. Smiles currently has one tertiary care centre in Bengaluru at Yashwant,Mathikere.
Commenting on the growth of the institution, Dr Parameshwara CM, 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.”