Chennai-based Apollo Hospitals Enterprise Ltd is planning to invest around Rs 50 crore in setting up Apollo Cosmetic Clinics in various parts of the country, to offer comprehensive treatments for a range of cosmetic enhancements.
Launching the first cosmetic clinic in Chennai, Dr Prathap C Reddy, chairman and founder of Apollo Hospitals group, said, “We will launch another four to five clinics in various parts of the country in next few months. The growth of this business segment is almost 165 per cent per year in India. It would be the only cosmetic clinic chain offering comprehensive options for cosmetic treatments.”
Dr Preetha Reddy, managing director, Apollo Hospitals group, said that the skin care and cosmetic treatment business in India was gradually growing to Rs 450 crore. Apollo’s current operations in the segment were around Rs 50 crore, she said.