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Health and Wellness Companies
The health and wellness industry in India is experiencing significant growth and transformation, driven by various factors such as changing consumer preferences, increased awareness of health impacts, and the adoption of healthier lifestyles.
This industry has a wide range of sub-sectors including wellness tourism, spa services, healthy eating, fitness, ayurveda, yoga, and preventive healthcare. The health and wellness industry focuses on promoting physical and mental well-being, emphasising aspects like nutrition, weight management, heart and gut health, immunity, and overall personal health.
The Indian health and wellness market is likely to grow at a rate of 5% during 2024-2032 according to IMARC. In fact, the Indian Wellness market itself was valued at nearly $78 billion in 2020. Market reports predict that between 2020 and 2024, India’s health and wellness Industry is moving towards a growth of a whopping $1,299.84 billion.
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Top 10 Health and Wellness Companies in India
The top 10 companies in the health and wellness space offer a range of services, including employee benefits and wellness programs, fitness apps, digital wellness platforms, comprehensive wellness services, mental health support, and preventive healthcare. Let’s take a look:
1. Onsurity
2. Pazcare
3. Nanohealth
4. TheFullerLife
5. Infinite Health Studios
6. Stepathlon
7. VantageFit
8. Curefit
9. Loop
10. HealthifyMe
10 Best Health and Wellness Companies in India
The health and wellness industry in India is undergoing remarkable expansion, with a rising recognition of the significance of adopting a healthy lifestyle. Here’s a list of the 10 best Health and Wellness companies in India.
1. Onsurity
Onsurity was incorporated as a benefits company providing a monthly healthcare membership to MSMEs and startups for their employees. The company was founded by Yogesh Agarwal, CEO and Cofounder and Kulin Shah, COO and Cofounder. Onsurity offers a range of products and services aimed at providing comprehensive employee healthcare and wellness solutions to SMEs, MSMEs, startups, and growing businesses.
Onsurity provides monthly healthcare and wellness membership plans starting at just ₹49 per employee, making it affordable for small businesses. They cover teams with as few as 3 members and are trusted by over 8,000 businesses, serving more than 15 lakh+ members. Onsurity’s platform includes features like fitness tracking, in-app health check-ups, free doctor consultations, and more to promote employee well-being and health monitoring.
Focus: Employee healthcare benefits
Services: Group health insurance, wellness benefits, preventive health checkups, and mental health support for SMEs
Relevant read: Top 10 Health Insurance Companies in India
2. Pazcare
Pazcare is a tech-enabled employee benefits management platform that provides a one-stop solution for companies and individuals to handle their health insurance policies.
It offers features like access and tracking of all policies, finding the list of best hospitals compatible with insurance, adding or removing family members, filing claims with a simple click, a super top-up feature to increase insurance coverage up to 20 Lakhs, in-app doctor consultations from partners, and confidential consultation with therapists and mental wellness support. The company was founded in 2020 and is based in Bangalore.
Focus: Employee benefits and health insurance.
Services: Group health insurance, wellness programs, mental health support, and digital benefits management.
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3. Nanohealth
NanoHealth is a social enterprise based in Hyderabad, India, that focuses on managing chronic diseases such as diabetes, asthma, and hypertension in Indian urban slums and low-income communities.
Founded in 2014 by a group of alumni from the Indian School of Business, NanoHealth operates with a primary focus on creating a network of local community health workers called “Saathis.” These workers are trained and certified by the company to use the “Doc-in-a-Bag,” a low-cost diagnostic tool for chronic disease management. NanoHealth was the recipient of the Hult Prize in 2014, making it the first Indian team to receive this prestigious award.
Focus: Chronic disease management
Services: Digital health solutions, personalised care plans, health coaches, and remote monitoring for chronic conditions like diabetes and hypertension.
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4. TheFullerLife
TheFullerLife is a company that focuses on employee well-being and offers services related to physical, emotional, financial, and social wellness. They provide solutions for workforce well-being and their families, emphasising a holistic approach to wellness. The company’s flagship offering is “Wellbeing on the Web (WoW)” is designed for companies to enhance the overall well-being of their employees.
TheFullerLife was founded by Arvind Krishnan and has been a pioneer in corporate wellness programs since 2001 and offers a comprehensive approach to employee wellness that includes fitness programs, mental health support, and stress management.
Focus: Corporate wellness
Services: Employee engagement programs, wellness challenges, fitness activities, and mental health initiatives for organizations.
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5. Infinite Health Studios
The company provides services such as physical exercises, nutrition plans, yoga, meditation classes, naturopathic consultations, live blood screening, iridology, bioimpedance analysis, meal planning, and hormone salivary testing.
Infinite Health Studios endeavours to promote a culture of health within workplaces through workplace wellness programs that include activities like health education, medical screenings, health coaching, fitness sessions, stress management programmes, and more.
The company is led by Rohit Dhingra, the Founder & CEO, and has garnered recognition for its efforts in improving people’s health through customised healthcare solutions and programs.
Focus: Holistic health and wellness
Services: Corporate wellness programs, fitness workshops, yoga and meditation sessions, and personalized wellness solutions.
Also read: Top 5 Nutrition Startups in India
6. Stepathlon
Stepathlon is a unique health and wellness initiative that focuses on promoting physical activity and well-being among individuals, particularly in corporate and community settings. It encourages individuals to take 10,000 steps a day, promoting a more active lifestyle.
Stepathlon offers virtual races and fan engagement platforms that combine mass participation with wellness, leveraging fan engagement to create a deeper connection between stakeholders and their communities. The platform provides continuous engagement between fans and stakeholders, offering rewards, recognition, self-quantification, engagement through gamification, and activations.
Ravi Krishnan is the Chairman and Co-Founder of Stepathlon, while Archana Sarda is the Founder of UDAAN and Co-Founder of Stepathlon.
Focus: Employee wellness and engagement
Services: Global corporate wellness challenge, fitness tracking, mental wellness programs, and team-based wellness activities.
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7. VantageFit
Vantage Fit is a corporate wellness company founded in 2014, based in New Delhi, India. It offers a unified platform that provides wellness challenges, wellness programmes, rewards and recognition, and a well-being community to encourage healthier lifestyles and habits among employees. Vantage Fit is designed to promote preventive health and fitness by focusing on physical activity, nutrition, and mental health.
The company’s wellness platform serves as a real-time hub for curated and expert content and guidance, and it engages and rewards healthy behaviours with a variety of fitness tracking, social, education, and gamification tools.
Focus: Employee wellness solutions
Services: Wellness app for corporate employees, fitness challenges, rewards-based wellness programs, and health tracking.
Also read: Employer Employee Insurance
8. Curefit
CureFit is a health and wellness company that offers a range of services, including fitness classes, mental health support, and nutrition counselling. The company was founded in 2014 by Mukesh Bansal, Ankit Nagori, and Shamik Sharma, with the mission of making fitness accessible and convenient for everyone. CureFit’s platform includes a variety of fitness classes, such as yoga, dance, and strength training, as well as mental health support through its Mind.Fit service.
The company also offers nutrition counselling through its Eat.Fit service, which provides healthy meal plans and delivery services. CureFit’s approach to health and wellness is holistic, focusing on both physical and mental health. The company’s platform is designed to be user-friendly and accessible, with a range of options to suit different fitness levels and interests.
Focus: Fitness, mental wellness, and healthy eating
Services: Fitness centers, online workouts, mental wellness, and healthy food delivery.
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9. Loop
Loop is a platform that focuses on providing wellness services and solutions to corporates and businesses. It offers a range of services aimed at enhancing employee well-being and promoting a healthy work environment. Loop connects companies with healthcare providers and offers custom healthcare solutions to meet the specific needs of organisations.
The platform serves as a bridge between businesses and wellness services, facilitating access to healthcare resources, wellness programs, and health coaching for employees. Loop’s services aim to improve employee health, productivity, and overall well-being within the corporate setting.
Focus: Employee healthcare benefits
Services: Comprehensive health insurance, telemedicine, health check-ups, and digital health records for employees.
10. HealthifyMe
HealthifyMe is a popular fitness app providing personalised well-being experiences through partnerships with companies across India. It is a comprehensive digital health and wellness platform that offers AI-driven health coaching, personalized diet and fitness plans, calorie tracking, and lifestyle management tools. The platform integrates with wearables to provide real-time health insights, helping users achieve their health and fitness goals through tailored guidance.
HealthifyMe was founded in 2012 by Tushar Vashisht, Mathew Cherian, and Sachin Shenoy. The company has since grown to become one of India’s leading digital health platforms, serving millions of users globally.
Focus: Digital health and wellness
Services: AI-driven health coaching, diet planning, fitness tracking, and wearable integrations.
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Importance of Health and Wellness Companies in Promoting Well-Being
Health and wellness companies play a crucial role in promoting well-being by creating environments that prioritise physical, mental, and social health. Here is a quick highlight on the importance of health and wellness companies in promoting well-being:
1. Creating Healthy Workplaces
Health and wellness companies focus on building healthy workplaces that enhance physical, mental, and social well-being. By promoting healthy habits for employees, these companies contribute to a positive work environment where individuals feel safe, valued, and motivated.
2. Enhancing Productivity
Well-being programmes implemented by health and wellness companies have been shown to increase productivity by enhancing employee satisfaction, gratitude, and overall well-being. Employees who feel supported in their health and well-being are more likely to be productive at work, leading to a more thriving work environment.
3. Attracting and Retaining Talent
Companies that prioritise employee well-being through wellness programmes are more attractive to potential employees and have higher retention rates. Well-being initiatives are essential for attracting and retaining top talent in a competitive job market, as employees value workplaces that prioritise their health and overall well-being.
4. Reducing Costs
Well-being programmes not only improve productivity and satisfaction but also help reduce long-term health problems. By encouraging healthy habits like eating nutritious foods and exercising, health and wellness companies contribute to reducing the risk of health issues among employees, ultimately leading to cost savings for both individuals and organisations.
Also read: Cost of Health Insurance for Small Business Owners
How to Choose the Right Health and Wellness Program Vendor for Your Company?
When choosing the right health and wellness programme vendor for your company, several factors need to be considered to ensure the success and effectiveness of the program. Here are the key factors to remember:
1. Define Your Goals and Budget
Before selecting a vendor, it is crucial to define your wellness programme’s goals and the budget you can allocate. Determine whether you want to focus on physical, mental, financial, or a combination of wellness aspects.
2. Research the Vendor’s Reputation and Experience
Conduct thorough research on the vendor’s reputation, experience, and track record in the wellness industry. Look for online reviews, testimonials, case studies, and references to assess the vendor’s quality, reliability, and customer service. Verify their credentials, certifications, and accreditations to ensure their expertise and compliance with industry standards.
3. Vendor’s Offerings and Customisation Options
Choose a vendor that offers a comprehensive and holistic wellness programme covering various aspects like physical, mental, emotional, social, and financial wellness.
Ensure the vendor can customise their programme to meet your specific needs, preferences, and company culture. Look for options like different delivery modes (online, mobile, in-person), content types (videos, podcasts, articles), and support levels (coaching, mentoring, peer groups).
4. Technology and Integration:
Select a vendor that provides a user-friendly and secure technology platform to support your wellness programme. Ensure the vendor’s technology can integrate with your existing systems, such as HRIS, communication tools (e.g., Slack), and other vendors. Advanced technology features like gamification, AI, and data tracking can enhance the user experience and programme effectiveness.
5. Wellness Program Customisation Abilities
Opt for a vendor that offers customisation abilities for your wellness programmes. Look for vendors that can tailor their services to align with your company’s culture, goals, and employee preferences.
6. Understand Costs and Pricing Structures
Evaluate the vendor’s pricing models, hidden fees, and performance guarantees.
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Conclusion
In conclusion, the health and wellness industry in India is on a promising trajectory, with a strong emphasis on holistic well-being, the integration of traditional wisdom with modern technology, and a growing focus on preventive health measures and sustainability. The industry’s evolution reflects a transformative journey towards comprehensive well-being, setting the stage for continued growth, innovation, and positive impact on the nation’s health and wellness landscape.
In fact, the industry in India is expected to reach significant market value, driven by rising income, better health awareness, lifestyle diseases, and increasing access to insurance, which will generate employment opportunities and contribute to economic growth.
FAQs:
1: Which is the best wellness company in India?
2. What are some of the top health and wellness companies in India?
3. How can I identify reputable health and wellness companies in India?
4. What services do health and wellness companies in India typically offer?
5. What factors should I consider when selecting a health and wellness company in India that aligns with my needs and goals?
6. Can health and wellness companies in India provide personalised solutions tailored to individual needs and preferences?
7. What is the market size of health and wellness in India?
The market size of the health and wellness industry in India was valued at nearly 78 billion U.S. dollars in 2020. Additionally, there are reports which suggest that between 2020 and 2024, India’s health and wellness market is likely to grow to a solid USD 1,299.84
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