Plan to add 1,100 beds on top of the already existing 10,500
Business Standard|May 01, 2024
Leading hospital chain Manipal Hospitals has been on an expansion spree, solidifying its position as India's largest hospital by bed count.
Plan to add 1,100 beds on top of the already existing 10,500

This was further strengthened by its recent acquisitions of Kolkata-based AMRI Hospital and Medica Synergie. In a video interview with Sanket Koul, DILIP JOSE, managing director and chief executive officer of Manipal Hospitals, talks about the hospital chain's expansion plans and whether the company is looking to go for an initial public offering (IPO). Edited excerpts: With the acquisition of Medica and AMRI Hospital, you currently operate 10,500 beds in India.

What are your expansion plans for this financial year? 

We are building three greenfield projects in Bengaluru with 250 beds each, which are in advanced stages of construction. There is another 350-bed facility coming up in Raipur, Chhattisgarh. So there are 1,100 beds on which we are looking to add. This will be on top of 10,500 beds we already have now.

Esta historia es de la edición May 01, 2024 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.

Esta historia es de la edición May 01, 2024 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS STANDARDVer todo
Business Standard

India Inc profit in Q4 grew least in 5 quarters

Listed companies' combined net profits (adjusted for exceptional gains and losses) were up 11.4 per cent yearon-year (Y-o-Y) in the January-March 2024 (Q4FY24), growing at the slowest pace in the last five quarters.

time-read
3 minutos  |
June 03, 2024
Business Standard

Rising mercury quenches FMCG thirst

With heatwave persisting in most parts of the country, fastmoving consumer goods (FMCG) companies continue to report a sharp increase in the sales of summer-centric products like ice creams and cold beverages.

time-read
2 minutos  |
June 03, 2024
Agnikul fires up reusable rocket dream, orbital launch next target
Business Standard

Agnikul fires up reusable rocket dream, orbital launch next target

After the successful test flight of Agnibaan SORTED, Chennai-based space startup Agnikul Cosmos is lining up an orbital flight in the next 12 months and is also drawing up an ambitious plan to develop India's first reusable launch vehicle carrying payloads.

time-read
2 minutos  |
June 03, 2024
Indian travellers in 'hot pursuit' of luxury
Business Standard

Indian travellers in 'hot pursuit' of luxury

More inclined to seek unique experiences, willing to brave the heat, and explore beyond traditional holiday seasons

time-read
3 minutos  |
June 03, 2024
Business Standard

HAZE OVER BRIGHT LINE TEST

Why transfer pricing over marketing intangibles has become a contested issue between companies and tax authorities

time-read
4 minutos  |
June 03, 2024
Business Standard

Of cricket and monetary policy

The June policy will be one of status quo in every way. There will be no change in rate or stance

time-read
5 minutos  |
June 03, 2024
Small credit business gives itself a hand
Business Standard

Small credit business gives itself a hand

As unsecured loan growth ebbs, new ways to serve the segment have emerged, report

time-read
3 minutos  |
June 03, 2024
Business Standard

Banking channel for financial inclusion feels left out

Business correspondent firms' revenues are under stress as banks get tough with them to meet targets

time-read
3 minutos  |
June 03, 2024
Unclaimed shares in banks caught in legal limbo
Business Standard

Unclaimed shares in banks caught in legal limbo

The Banking Regulation Act, 1949, empowers the Reserve Bank of India (RBI) to regulate banks, but many of its provisions do not apply to those owned by the government.

time-read
2 minutos  |
June 03, 2024
Business Standard

Lack of central KYC hinders market participation

I recently spent an idyllic week trekking with friends in the Dordogne region of southwest France.

time-read
2 minutos  |
June 03, 2024