The Chennai-based Dr Agarwal’s Eye Hospital chain has announced a ₹600-crore expansion plan to scale up its operations in India and abroad over the next five years. It currently has 60 hospitals and will add 140 by 2020. Amar Agarwal, Chairman and Managing Director said the investment will happen in two phases.
“Since our debt is low, around ₹20-25 crore, we will raise more funds through debt, internal accruals and private equity,” he added. The chain is targeting a total of 200 hospitals with 150 in India and 50 in Africa, West Asia, Vietnam, Cambodia and the Philippines.