Tata Group, Gautam Adani, Mukesh Ambani, Bajaj and other get ready to invest massive money

The Bajaj group has allocated Rs 10,000 crore (USD 11.53 billion) for establishing a network of hospitals in India, as reported by Bloomberg. The Tata Group is broadening its hospital portfolio with a Rs 500 crore investment in Breach Candy Hospital located in Mumbai. It is noteworthy that the TATA group manages the Tata Memorial Centre as well as an animal hospital located in Mumbai. In December of the previous year, Reliance Industries Ltd (RIL) purchased Karkinos Healthcare, a healthcare platform specializing in oncology, for Rs 375 crore.

According to the Grant Thornton Bharat Annual Deal Tracker, India’s healthcare sector recorded an unprecedented USD 9.96 billion in mergers and acquisitions in 2024, marking a threefold increase compared to the prior year. Hospitals accounted for 44 percent of all transactions, amounting to USD 5.56 billion.

Data from Grant Thornton Bharat indicates that private equity investment in Indian hospitals reached a high in 2023 at $3.79 billion, but dropped to $504.09 million the following year. The 2023 agreements featured Blackstone’s purchase of Care Hospitals and KIMS for over $1 billion, along with Tamaesk’s acquisition of Manipal Hospitals for $2 billion. That year, BPEA EQT acquired Indira IVF for $657 million.

In 2024, the union of Aster DM Healthcare and Blackstone-supported Quality Care India Limited (QCIL), worth $5.08 billion, created Aster DM Quality Care, which is the third-largest hospital network in India.