Clove launches new dental clinic in Delhi-NCR, plans aggressive expansion in India
An investment of Rs 150 crore will be made over the next three years
Clove, a multi-speciality dental care chain from the house of Star Dental, has launched a Clove centre in Paschim Vihar, New Delhi. This is the eleventh Clove dental clinic opening in New Delhi and there are 10 other centres operational in the Delhi-NCR region.
Speaking on this launch, Amarinder Pal Singh, CEO, Star Dental India said, “We have studied the oral care market in India closely and perceived a need gap for the highest level of strict adherence to internationally accepted hygiene standards. Through Clove we aim to introduce Indians to the next level of dental care that involves international treatment standards. The India market has a huge potential and in a span of six months we have been able to get 10 state-of-the-art Clove dental clinics functional in Delhi & NCR and the eleventh centre has opened in Paschim Vihar today and our aim is to be present in every major city of India. We aim to have 300 such hi-quality, state-of-the-art Clove dental clinics across India by the end of 2017, setting new benchmarks in the oral care segment in India.”
The company strategy is to set up a network of clinics in a specific territory to provide holistic coverage of the region and a “network of such networks” will define the Pan India coverage. Thus its plans are to create clusters of clinics so that people in that region can easily avail of oral care. Speaking to Express Healthcare, Singh informed, ”In Delhi-NCR we are looking at 30-35 clinics. The next few clinics also be come up in the same region. Each centre on an average involves an investment of Rs 40-60 lakhs”.
He also informed that the company has plans to set up such centres on a pan-India level and intends to launch 40 company owned clinics across India over the next one year. The company intends to make an investment of close to Rs 150 crores over a period of three years. So far, the funds have been raised through 100 per cent FDI. A company release informed that the growth plan is supported by a healthy mix of organic and inorganic growth.
EH News Bureau