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M. Ramesh

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Chennai Jan. 26 Metropolis Health Services Ltd, the company that runs a chain of diagnostic laboratories across the country, has ambitious plans for a major international foray.

The company has set up three laboratories in the UAE and one in South Africa — which is a joint venture.

Now, with a Rs 100-crore war chest, the company is looking at acquisition options in UK and the US, according to the company's Managing Director, Dr G.K.S. Velu.

Negotiations

Recently, Metropolis received a Rs 35-crore funding from ICICI Ventures and is in the final stages of negotiations with banks for another Rs 65 crore.

Dr Velu told Business Line that Metropolis would like to be present in the US and UK as it would help the company get business for its laboratories back home.

Testing samples and interpreting images would emerge as a large outsourcing business in the medical field in the coming years, he said.

Metropolis achieved a turnover of Rs 60 crore last year.

Dr Velu expects the current year to end with a topline of Rs 110 crore.

The company runs 20 laboratories in India, four in overseas and manages 15 hospital labs.

More Stories on : Overseas Investments | Medical Institutions & Hospitals | Health

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