“Of the 70-odd hospitals
that we plan to add, 10 would be set up abroad, particularly in the West Asian locations. We are aiming to set up facilities in Dubai
In India, we are looking at a pan-India
presence by 2021”, said Adil Agarwal, chief executive officer of Dr Agarwal's Eye Hospital. The footprint expansion
is estimated to cost Dr Agarwal's Eye Hospital around Rs 400 crore.
The hospital chain
is backed by private equity (PE) investments. Last year, ADV Capital
had infused Rs 270 crore. In July 2017, the hospital chain
raised Rs 160 crore from Edelweiss' Special Opportunities Fund 4. Total investments by the chain has so far touched about Rs 500 crore.
Dr Agarwal’s Eye Hospital launched its first centre in Bhubaneswar on Wednesday, which is its second unit in Odisha, after Cuttack. It has 16 branches in Chennai and a visible footprint in Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Odisha, Andaman, Gujarat, Maharashtra, Kerala, West Bengal and Rajasthan.