Plans to set up kidney care clinics in next 10-15 years via partnership model
Advanced renal care institution Nephrocare India is exploring various options for raising funds, including an initial public offer (IPO), to meet its growth objective of setting up 300 comprehensive renal care clinics across the country over the next 10-15 years by roping in partners and adopting the hub and spoke model.
It had recently announced the successful closure of its pre-IPO round with marquee investors, including Deepak Parekh (veteran banker and former chairman of HDFC Ltd), Bharat Shah (Chairman, HDFC Securities) and Rajendra Agarwal (Founder and MD of Macleods Pharmaceuticals), among others, participating in the funding
round.
It is currently expanding presence in eastern India by setting up a comprehensive clinic at Balasore in Odisha by roping in a partner in the state. Plans are also afoot to foray into western region by setting up a comprehensive renal care clinic in Mumbai, Maharashtra during FY-25.
Founded by nephrologist Dr. Pratim Sengupta in 2014, Kolkata-based Nephrocare India currently has four comprehensive renal care units in West Bengal. It is looking to set up two more clinics at Shyambazar and North Bengal, taking the total number of units in the state to six in the coming months. It plans to have close to 22 high-end kidney care facilities in eastern and western India by March 2026.
Commenting on the expansion plans, Dr Pratim Sengupta, Founder & MD, Nephrocare India, said, “We will look to further strengthen our presence in the eastern and northeastern region by adopting a hub and spoke model and foray into other states including Chattisgarh and Assam in the next few months. This apart, we are also looking to set up a footprint in the western region by opening a comprehensive renal care clinic in Mumbai during the financial year 2024-25.”
Kidney disease is a silent epidemic, and India is reportedly contributing the highest numbers of renal failure patients in the world. An estimated 1 out of every 3 Indians are likely to be a diabetic and 1 out of every 10 of them are likely to develop renal complications at some point of their lives. India, which is often referred to as the ‘Diabetes Capital of the World’ adds close to 2.5 lakh new patients every year to the pool of people requiring dialysis support due to advanced kidney failure.