The Bajaj Group has set aside Rs 10,000 crore (USD 1.1 billion) to launch a chain of hospitals across India in a phased manner.
The outlay earmarked for this will focus on establishing affordable, high-quality healthcare facilities. The initiative aligns with India’s growing healthcare sector driven by rising wealth, expanding insurance coverage, and an aging population.
The hospital venture will be spearheaded by Nirav Bajaj, son of Bajaj Auto Chairman Niraj Bajaj. Among them, Bajaj Allianz General Insurance offers health insurance, while Bajaj Finserv Health provides telemedicine, lab tests, and online pharmacy services. In addition, Bajaj Vitality was formed last year, further expanding the group’s footprint in the health sector.