Bajaj Group to Invest INR 10,000 Cr in Hospital Chain
Reportedly, the investment will be made in phases to develop a network of affordable and high-quality medical facilities.
Bajaj Group has earmarked INR 10,000 Cr to establish a hospital chain in India, marking its foray into the healthcare sector.
Reportedly, the investment will be made in phases to develop a network of affordable and high-quality medical facilities.
Earlier, we reported that Bajaj Group was planning to enter the healthcare sector by setting up hospitals in metropolitan areas across the country. This marks the first major diversification for the 98-year-old conglomerate since the passing of former patriarch Rahul Bajaj in February 2022. The new venture is in its early stages and will be managed under a newly formed company.
Nirav Bajaj, currently head of corporate strategy at Mukand, is overseeing the project and is expected to lead the new healthcare entity. The investment strategy is still being finalized and will be executed in phases based on business milestones.
Founded in 1926, Bajaj Group operates in multiple sectors, including automobiles, insurance, and consumer healthcare. Bajaj Allianz General Insurance provides health coverage, while Bajaj Finserv Health offers telemedicine and online pharmacy services. Bajaj Vitality, launched last year, is the group’s latest healthcare initiative.
However, the conglomerate has not officially announced details.
