Bajaj Group to Enter Healthcare Sector with Planned Pune Investment of over INR 2,000 Cr
Nirav Bajaj said the group aims to develop a healthcare model built around clinics, ambulatory services, home care, and hospitals.
The Bajaj Group is set to diversify into the healthcare sector. It plans to invest over ₹2,000 crore in Pune over the next three years, according to Nirav Bajaj, Chief Executive and Managing Director of Bajaj Integrated Health System.
According to reports, Nirav Bajaj said the group aims to develop a healthcare model built around clinics, ambulatory services, home care, and hospitals.
"We want to treat you from prevention to acute intervention, and move you away from the hospital as much as possible. We are actually attempting to push it away from the hospital to treatment at the right venue, depending on the acuity of the needs," Bajaj said.
According to him, the group does not intend to measure scale through conventional hospital metrics such as bed count or revenue per operating bed. He added that the healthcare business will be built without acquiring existing assets, as the group’s operating model differs from traditional hospital formats.
Bajaj stated that the group has previously been associated with healthcare through charity hospitals and now sees significant opportunities in the sector. Over the next six months, the company plans to launch its first clinics and ambulatory centres in Pune, while the proposed 450-plus-bed hospital is expected to take up to four additional years to be completed.
"In Pune, we are expected to spend about Rs 2,000-2,500 crore of capex. The format will be similar in other cities, but the economics of each city vary," he said.
The group also plans to expand the healthcare business into multiple cities over the coming decade, with Mumbai identified as the next focus market.
"We will be across 7-8 cities in the next 10-12 years," Bajaj said while discussing expansion plans.
Bajaj further described healthcare as a “compelling” opportunity for the family business and said the group provides operational autonomy while maintaining core family values.
Niraj Bajaj said the availability of a family member to manage the business played a role in the group’s entry into healthcare, adding that building an essential service at scale for India was a key motivation.
Separately, Sanjali Bajaj said she is involved in the group’s upcoming alternative investments business focused on private equity and real estate funds. “There is no need to join somewhere else when I have this legacy that I can take forward. So, it was a very easy decision,” she said.
Siddhant Bajaj stated that he is currently working in the office of Bajaj Finance Managing Director Rajiv Jain and added that the Bajaj brand represents values, ethics, and building sustainable businesses.
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