Moolchand Healthcare Ltd, a part of the Moolchand Group, today announced the company's plans to invest Rs 500 crore for further growth in healthcare services.
Funding will be deployed towards expansion of Moolchand Hospital in Delhi, new green field hospitals, acquisition of existing hospitals and development of new healthcare service verticals-- fertility, diagnostics and renal care, a company statement said here.
Moolchand Healthcare has also raised Rs 100 crore from leading venture capital fund Sequoia Capital, it said.
Moolchand Medcity, a landmark in South Delhi, is expanding its current campus to become amongst India's largest multi-speciality hospitals with 1,000 plus beds and six speciality hospitals. It intends to redefine the healthcare experience in India with a focus on best practices and academics.
In the first phase 400 additional beds will be commissioned by 2014, the statement said.
"We at Moolchand Healthcare truly believe in our legacy of touching people's lives through compassionate healthcare and affordable excellence," Moolchand Healthcare CEO Shravan Talwar said.