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Fertility chain Indira IVF seeks partnerships to expand clinics in India

Company says stakeholder Boston-based TA Associates is not seeking an exit for now

M&A, mergers & acquisitions, merger, partnerships, Joint venture, JV
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Indira IVF had an annual turnover of Rs 1205 crore in FY23, reporting an Ebitda margin of 30-35 per cent. Murdia said he plans 20-25 per cent annual growth for Indira IVF

Sohini Das Mumbai

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Indira IVF, the Rs 1200-crore fertility clinic chain, will take the partnership route to scale up operations and expand its business in the country.

The Udaipur-based company runs 116 centres and has some 16 per cent share of the IVF market in India, said Dr Kshitiz Murdia, chief executive officer and co-founder of Indira IVF.

More than 50 per cent of the company’s centres are in Tier 2 and Tier 3 cities and towns. “According to WHO estimates, one in six couples suffer from infertility here (India), and so infertility is as much a rural problem as is urban,” he