Vikram Goud, in his mid 30s, was found injured in his house in Film Nagar under suspicious circumstances and now is out of danger, they said.
"The incident occurred between 3 am and 3.30 am," Deputy Commissioner of Police (West Zone) A Venkateshwar Rao said.
"As per preliminary investigation, Vikram and his wife were getting ready to visit a place of worship. Vikram was waiting on the ground floor. Suddenly, his wife heard gun shots and found him lying on the ground," the DCP said after visiting the hospital.
The police officer said they were trying to find out if someone fired at Goud or he shot himself.
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"We are verifying...We can tell more about the incident only after getting a clear information. The investigation is underway," the DCP said.
According to doctors at the hospital, he is out of danger, he said.
As per hospital authorities, Vikram suffered bullet injuries on his arms, chest and spine. One bullet has been removed, they said.
"He is in the ICU and his condition is stable," a source at the hospital said.