Dr Agarwal’s Health Care (DAHCL), which runs eye-care chain, Dr Agarwal’s Eye Hospital has raised $80 million (Rs 650 crore) from present traders TPG Growth and Temasek, and plans to double footprint to 300 hospitals in subsequent three years in India and Africa.

The recent funding spherical comes a yr after the 2 world traders pumped in Rs 1,050 crore within the eye-care chain in May 2022. The firm might be investing Rs 1,200 crore in community growth over a interval of few years.

Amar Agarwal, chairman, Dr Agarwal’s Group of Eye Hospitals, advised FE that the community growth might be funded by way of the present fundraise proceeds, inside accruals and debt fund elevate sooner or later.

Currently, Dr Agarwal’s has 20 hospitals in Maharashtra, out of which 19 had been owned by way of acquisitions and the remaining one was a greenfield challenge.

The eye-care chain is now focussing on such expansions in Delhi, National Capital Region (NCR) and Uttar Pradesh. “Delhi, NCR region and UP are in our focus where we don’t have presence. We are talking to a few local eye care hospitals for possible acquisitions,” he stated.

The firm has new initiatives in growth in Mumbai, Punjab, central and northern India, amongst others. The firm continues to realize progress and success in its key markets, together with Tamil Nadu, Karnataka, Maharashtra, Gujarat, Punjab, Telangana, Andhra Pradesh, Kerala and West Bengal, he stated.

Along with the growth of the community, the corporate may even be investing in technological developments. In the final one yr, Dr Agarwal’s has been increasing its presence aggressively in its key markets like Tamil Nadu and Karnataka in addition to newer markets like Maharashtra. The firm made a slew of acquisitions in Maharashtra, together with Aditya Jyot Eye Hospital at Mumbai’s Wadala and 5 extra eye hospitals in Pune. It additionally acquired 5 hospitals every in Punjab and Haryana.

Adil Agarwal, CEO, Dr. Agarwal’s Group of Eye Hospitals stated, “We are looking at doubling our network in the next 3 years and are also looking to expand aggressively in Maharashtra, Punjab, Delhi, Uttar Pradesh, and central India besides penetrating deeper into our existing markets. We will also be establishing over 100 primary eye clinics in tier 2 and tier 3 towns in the next couple of years.”

According to him, Africa is one other essential geography for the corporate the place it has an present community of 15 hospitals. The firm might be deepening its presence in Kenya, Zambia, and Tanzania and looking out so as to add 10 centres throughout these international locations. It can be planning to enter Nigeria and Democratic Republic of the Congo that might enhance its presence from the prevailing 15 to 50. The firm ended FY22 with a turnover of Rs 1,050 crore and FY23 with Rs 1,500 crore. It is aiming to the touch Rs 2,500 crore by FY26, stated Adil Agarwal.