National

Maxivision plans ₹50-crore expansion

M Somasekhar Hyderabad | Updated on January 09, 2018 Published on August 01, 2017

To focus on growthin southern states



Eyecare major Maxivision Super Speciality Eye Hospitals plans to invest up to ₹50-crore in the southern states.

The ₹100 crore turnover chain also targets to double its revenues in the next 2-3 years through a focussed expansion plan to be rolled out in October, according to GSK Velu, its Chairman.

With 14 super speciality eye hospitals in Telangana, Andhra Pradesh, Chennai and Delhi the hospitals chain is looking at creating a network of 100 eye care facilities in the Southern states. The priority for the next 2-3 years is to set up technology strong facilities in all the 44 districts (31 in Telangana & 13 in Andhra Pradesh) of the two Telugu states, he told BusinessLine here.

Funds for the expansion will be raised through internal accruals and investments. Maxivision was started by international reputed eye surgeon, Kasu Prasad Reddy in 1996. In 2011, the GSK Velu owned Medfort Hospitals acquired Maxivision.

Prasad Reddy, who is the founder and mentor said the concept behind the expansion was to take the best technology to district and Taluka level in eyecare with suitable hospital facilities. They will have technology, medical expertise and competitive. “We want to be the early entrants and hope it will usher in competition and thereby lead to creation of best possible treatment options for people in non-metros and cities”.

Mithali Raj, the Indian women’s cricket superstar and captain of the team that reached the finals of the World Cup was felicitated by Maxivision with a lifetime validity free eye ailments treatment card for her performance, Velu said.



Published on August 01, 2017
This article is closed for comments.
Please Email the Editor