Aster DM Healthcare has made a commitment to invest around ₹850 crore in Kerala in the next three years towards scaling up infrastructure, medical services and employment generation in the region.
Azad Moopen, Founder and Chairman, Aster DM Healthcare revealed this after meeting with the Chief Minister, Pinarayi Vijayan and the Industries Minister P Rajeeve after discussing the current healthcare landscape and opportunities for growth and innovation after attending the Invest Kerala Global Summit.
The company has already made an investment of ₹500 cr during the last 3 years to improve healthcare landscape.
Looking ahead, Moopen said Aster has an aggressive investment plan in Kerala that will result in a significant increase in bed capacity, bringing the total number of beds in the State to 3,453 by FY27. Aster currently operates seven hospitals in Kerala, with a total capacity of 2,635 beds, contributing to 53 per cent of the company’s India revenue.
Aster DM Healthcare’s expansion in the State will be driven by two greenfield projects that are coming up namely Aster Capital Trivandrum with a 454-bed facility and Aster MIMS Kasargod with 264 beds. The flagship hospital Aster Medcity will expand to 962 beds by FY27 as well. In Q3FY25, 100 beds were added to Aster Medcity’s existing capacity.
Speaking at the investor summit, Azad Moopen said the company is expanding its footprint in Kerala bringing world-class healthcare closer to the people as well as generating job opportunities and medical excellence in the region.
Today, Aster provides direct employment to over 12700 professionals in Kerala, including thousands of doctors, nurses, and paramedical staff. With the expansion plans, the company anticipate creating an additional 4200 jobs.