New Delhi, Oct 29 (PTI) Dialysis service providerNephroPlus is looking to open up to 55 centres across India bythe end of next year as part of its expansion plans, accordingto a top company official.
The expansion in the Indian market could entail aninvestment of around Rs 55 crore.
"We are planning to open around 50 to 55 centres by endof next year. We are aiming to increase our footprint acrossthe length and breadth of the country," NephroPlus Founder andCEO Vikram Vuppala told PTI.
The company currently has 126 dialysis centres in 81cities in India, he added.
When asked about locations of the new centres, Vuppalasaid the focus would be across different tiers of cities.
The company had earlier said it would focus on tier II,III and tier IV cities such as non-metros, state capitalsand large towns for expansion.
When asked about investments, he said NephroPlus would beinvesting around Rs 1 crore per centre, which would havearound 10-12 dialysis machines.
On the funding of the expansion, Vuppala said: "We havealready raised Rs 100 crore last September from the World Bankand BS capital hence we have adequate funds. We have alsopartnered with the HDFC bank and we have enough funds for nextone and half year." When asked about overseas expansion plans, he said thecompany was also planning to have presence in five newcountries in next five years without divulging details. PTIAKT RKL MKJSBT.
This is unedited, unformatted feed from the Press Trust of India wire.