Maharashtra Gets INR 1,400 Cr Healthcare Push from Jupiter Hospital

The hospital chain, which currently operates around 1,061 beds, plans to reach about 2,500 beds by adding three new hospitals across Maharashtra.

Jupiter Life Line Hospitals, one of the leading hospital chains in Maharashtra, has announced a massive expansion plan with INR 1,400 Crore Investment aimed at doubling its bed capacity.

The hospital chain, which currently operates around 1,061 beds, plans to reach about 2,500 beds by adding three new hospitals in Dombivli (Thane district), Mira-Bhayandar, and Bibwewadi (Pune).

The initiative is aimed at enhancing healthcare access in suburban and urban regions of Maharashtra.

Commenting on the expansion plan, Jupiter Hospital joint managing director and CEO Dr Ankit Thakker said, “We are halfway through the Rs 500-crore Dombivli project, which will be our largest facility at 8 lakh square feet.”

“We’ve already spent Rs 200 crore and expect to commission the first phase with 200–250 beds by Q1FY27,” he added.

Expansion Pipeline

The expansion plan is set to be executed in multiple phases, starting from Phase 1, which includes adding 200–250 beds, and is targeted for completion by FY 2027.

Further, Phase 2 involves construction for the Pune hospital, which is expected to begin in FY 2026, while the Mira-Bhayandar project is in the regulatory clearance stage, with operations likely to begin by FY 2029.

Reportedly, Jupiter plans to fund the expansion primarily through internal accruals and debt. The company is already net cash positive, with ₹600 crore in cash and ₹325 crore in debt.

Moreover, the group’s strategy focuses on developing greenfield, mid-sized hospitals (300–500 beds) designed for local catchment areas, rather than large tertiary hubs.

According to CEO Thakker, Jupiter’s greenfield approach allows the company to avoid legacy challenges and compromises often encountered in acquisitions, while ensuring alignment with its long-term strategic vision.

“Healthcare is a hyperlocal service,” he explained. “Building hospitals in densely populated, underserved areas ensures optimal utilisation and maximises return on capital.”

While emphasizing the advantages of the company’s expansion model over M&A-driven growth, he said, “Unlike growth driven by mergers and acquisitions, which may be influenced by short-term private equity timelines, Jupiter’s model is designed for sustainable, flagship-scale development, with efficient capital expenditure and minimal operational dilution. If you build a 1,000-bed hospital, you’re essentially building two hospitals. It’s better to place them in different locations.”

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